VF Corporation Investor Presentation — January 2022

Document content

JANUARY 28, 2022EARNINGS PRESENTATION2Safe Harbor Statement

Q3 FISCAL 2022Certain statements included in this release 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 uncertaintie s. 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, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding VF’s

plans, objectives, projections and expectations relating to VF’s operations or financial performance, and assumptions related thereto are forward-looking

statements. We caution that forward-looking statements are not guarantees and that actual results could differ materially from t hose expressed or implied in the

forward -looking statements. VF undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future

events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of oper ations or financial condition of VF to differ

materially from those expressed or implied by forward-looking statements include, but are not limited to: risks arising from the widespread outbreak of an illness or

any other communicable disease, or any other public health crisis, including the coronavirus (COVID -19) global pandemic; the lev el of consumer demand for

apparel, footwear and accessories; disruption to VF’s distribution system; the financial strength of VF’s customers; fluctuat ions 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 c hanging fashion trends, evolving

consumer preferences and changing patterns of consumer behavior; intense competition from online retailers and other direct -to-consumer business risks;

manufacturing and product innovation; increasing pressure on margins; VF’s ability to implement its business strategy; VF’s abil ity to grow its international, direct -to-

consumer and digital businesses; VF's ability to transform its model to be more consumer -minded, retail -centric and hyper -digital; retail industry changes and

challenges; VF's ability to create and maintain an agile and efficient operating model and organizational structure; VF’s and its vendors’ ability to maintain the

strength and security of information technology systems; the risk that VF’s facilities and systems and those of our third-party service providers may be vulnerable to