VF Corporation Investor Presentation — August 2018

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VF TO SEPARATE INTO TWO

INDEPENDENT COMPANIES WITH ENHANCED PROSPECTS FOR LONG- TERM VALUE CREATION

Certain written and oral statements included in this presentation are "forward-

looking statements" within the meaning of the federal securities laws. Forward -

looking statements are made based on our expectations and beliefs concerning

future events impacting VF and therefore involve several risks and uncertainties

that are difficult to predict. You can identify these statements by the fact that they use words such as “will,” “anticipate,” “estimate,” “expect,” “should,” “may,”

“believe,” “appear,” “intend,” “plan,” “assume,” “seek,” “forecast,” and other

words and terms of similar meaning or use of future dates. We caution that

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 condition of VF to differ materially from those expressed or implied by

forward -looking statements in this release include, but are not limited to: foreign

currency fluctuations; the level of consumer demand for apparel, footwear and

accessories; disruption to VF’s distribution system; VF's reliance on a small number

of large customers; the financial strength of VF's customers; fluctuations in the

price, 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 competition from online retailers, manufacturing

and product innovation; increasing pressure on margins; VF's ability to implement

its business 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; continuityof 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; VF’s

ability to execute and integrate acquisitions; changes in tax laws and liabilities;

legal, regulatory, political and economic risks; adverse or unexpected weather