Slide 1: Caleres First Quarter 2021 Earnings
CALERES First Quarter ws 2021 Earnings
Slide 2: Under the Private Securities Litigation Reform Act of 1995
Under the private securities litigation reform act of 1995 This presentation contains certain forward-looking statements and expectations regarding the company’s future performance and the performance of its brands. Such statements are subject to various risks and uncertainties that could cause actu
Slide 3: We are Caleres
“= We are Caleres Strong business model with a unique set of advantages: * Powerful portfolio of diverse lifestyle brands - rooted in casual, athletic and sport-inspired styles + Acomprehensive set of distribution channels with a large and growing percentage being direct-to-consumer * Arobust unders
Slide 4: First quarter highlights
$638.6 ~57% +70 MILLION growth in owned basis point improvement in in total revenue ecommerce sales vs. consolidated adjusted gross margins 1Q19 vs. 1Q19 ~$70 $50 $0.60 MILLION MILLION adjusted earnings per share, up in cash generated from of additional debt sequentially and up vs. 1Q19 reduction op
Slide 5: Direct-to-consumer sales
% % 0% 0% *DTC sales included: Brick-and-mortar retail and owned websites 5
Slide 6: Famous Footwear 1Q21
ag Famous Footwear 1Q21 Record first quarter net sales of $398.1 million * Representing a13 percent improvement over 1Q19 * Including a~g8percent increase in ecommerce compared to 1Q19 Record quarterly operating earnings of $47.9 million * Representing a $37.4 million increase over 1Q19 Drove return
Slide 7: Brand Portfolio 1Q21
Brand Portfolio 1Q21 Sequential improvement in sales trends Generated $10.7 million in adjusted operating earnings Strong performances from: * Vionic, where ecommerce sales improved 122 percent over 1Q19 * Sam Edelman, which saw strong digital improvement, with ecommerce sales up 66 percent from 1Q1
Slide 8: Historical Operating Cash Flow; Cash and Liquidity Position
Historical Operating Cash Flow in millions of $ $100 $80 $60 $40 $20 i | $o — 1Q20 2Q20 3Q20 4Q20 1Q21 Cash and Liquidity Position in millions of $ era | | 1 | ! : [J il 1Q19 1Q20 ~$400 million of capacity at end of 1Q21 ~$100 million available cash at end of 1Qa1 Caleres generated $70.4 million in
Slide 9: Caleres Debt Profile
Caleres Debt Profile in millions of dollars, at end of quarter $700 During 1Qa1, CAL paid down an additional $50 million in debt bring total debt reduction since March 2020 to $240 million $600 ' Credit Facility Borrowings § ' JB] Senior notes Targeting further reduction in debt during 2021 500 ' $
Slide 10: Second Quarter 2021 Outlook
Second Quarter 2021 Outlook Given ongoing near-term uncertainty in the marketplace, Caleres is not providing fiscal year 2021 guidance 2Qai expectations: * Total CAL sales between $625 million and $650 million, or effectively flat to 1Qa1 * SG&A expense consistent with 1Qa1 ; and * Adjusted earnings
Slide 11: First quarter financial summary
US$M except per Chg vs. Chg vs. share 1Q’21 1Q’20 1Q’19 ‘20 ‘19 Adjusted $274.9 $156.9 $287.0 75.2% (4.2%) Gross profit Adjusted 43.0% 39.5% 42.3% 354 bps 70 bps Margin SG&A $243.5 $225.2 $262.1 8.1% (7.1%) Percent of sales 38.1% 56.7% 38.7% (1,856 bps) (54 bps) Op earnings $17.9 To add$16.9 ($426.2
Slide 12: Caleres
CALERES * 5k
Slide 13: First Quarter 2021 adjusted to GAAP results
First Quarter 2021 Pretax Net EPS Earnings Earnings/(loss) Adjusted Results $29,777 $22,819 $0.60 Charges and Other Items Brand Portfolio- business exits (13,482) (11,927) (0.31) Fair value adjustment to Blowfish purchase obligation (6,389) (4,745) (0.13) GAAP Results $9,906 $6,147 $0.16 13