VF Corporation Investor Presentation — January 2020

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EARNINGS PRESENTATION2Safe Harbor Statement

Q3 FISCAL 2020Certain 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,” “anticipate,” “estimate,” “expect,” “should,” and “may”

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

presentation include, but are not limited to: risks associated with the spin- off of our Jeanswear business completed on May 22, 2019, including the

risk that VF will not realize all of the expected benefits of the spin- off; and the risk that the spin- off will not be tax -free for U.S. federal income tax

purposes; the risk that there will be a loss of synergies from separating the businesses that could negatively impact the bal ance sheet, profit

margins or earnings of VF. There are also risks associated with the relocation of our global headquarters and a number of brands to the metro

Denver area, including the risk of significant disruption to our operations, the temporary diversion of management resources andloss of key

employees who have substantial experience and expertise in our business, the risk that we may encounter difficulties retaining employees who

elect to transfer and attracting new talent in the Denver area to replace our employees who are unwilling to relocate, the ri sk that the relocation may

involve significant additional costs to us and that the expected benefits of the move may not be fully realized. Other risks inc lude foreign currency

fluctuations; the level of consumer demand for apparel, footwear and accessories; disruption to VF’s distribution system; the financial strength of

VF's customers; fluctuations in the price, availability and quality of raw materials and contracted products; disruption and vol atility 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 toimplement its