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ESTABLISHING A GLOBAL LEADER IN WORKWEAR 1 August 14, 2017
ESTABLISHING A GLOBAL LEADER IN WORKWEAR
August 14, 2017FORWARD -LOOKING STATEMENTS
Certain statements included in this presentation are "forward- looking statements" within the meaning of the federal securities l aws.
Forward -looking statements are made based on our expectations and beliefs concerning future events impacting VF and therefore
involve several risks and uncertainties. You can identify these statements by the fact that they use words such as “will,” “a nticipate,”
“estimate,” “expect,” “should,” and “may” and other words and terms of similar meaning or use of future dates. We caution tha t
forward -looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the
forward -looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial con dition of
VF to differ materially from those expressed or implied by forward -looking statements in this release include, but are not limit ed to:
foreign currency fluctuations; the level of consumer demand for apparel, footwear and accessories; disruption to VF’s distrib ution
system; VF's reliance on a small number of large customers; the financial strength of VF's customers; fluctuations in the pri ce,
availability and quality of raw materials and contracted products; disruption and volatility in the global capital and credit markets; VF's
response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior, intense compet ition
from online retailers, manufacturing and product innovation; increasing pressure on margins; VF's ability to implement its busin ess
strategy; VF's ability to grow its international and direct -to-consumer businesses; VF’s and its customers’ and vendors’ ability to
maintain the strength and security of information technology systems; stability of VF's manufacturing facilities and foreign suppliers;
continued use by VF's suppliers of ethical business practices; VF’s ability to accurately forecast demand for products; conti nuity of
members of VF’s management; VF's ability to protect trademarks and other intellectual property rights; possible goodwill and other
asset impairment; maintenance by VF’s licensees and distributors of the value of VF’s brands; changes in tax liabilities; leg al,regulatory,
political and economic risks; and adverse or unexpected weather conditions. More information on potential factors that could affect
VF's financial results is included from time to time in VF's public reports filed with the Securities and Exchange Commission, i ncluding
VF's Annual Report on Form 10- K and Quarterly Reports on Form 10 -Q. ChoicesRESHAPE THE
2021 STRATEGIC CHOICES: TOP PRIORITYMORE ACTIVE PORTFOLIO MANAGEMENT
MARKETPLACEFINANCIALLY
CAPABILITIESFAVORABLE
CONDITIONSWHY INVEST IN WORKWEAR?
ESTIMATED GLOBAL WORKWEAR MARKET
5Sources: IPSOS, VF Workwear Foundation Study & VF estimates
WORKWEAR MARKET IS HIGHLY FRAGMENTED
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