VF Corporation Investor Presentation — May 2019

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EARNINGS PRESENTATION

SAFE HARBOR STATEMENT

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 s tatements 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 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 tha t 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 limite d to: risks associated with the proposed spin -off of our Jeanswear business,

including the risk that the spin -offwill not be consummated within the anticipated time period or at all; the risk of disrupti on to our business in connection with the proposed spin -off and that we could

lose revenue as a result of such disruption; the risk that the companies resulting from the spin -off do not realize all of the e xpected benefits of the spin -off; 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 n egatively impact the balance sheet, profit margins or earnings of both

businesses; and the risk that the combined value of the common stock of the two publicly -traded companies will not be equal to o rgreater than the value of VF Corporation common stock had the

spin-off not occurred. 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 and loss of key employees who have substantial experience and exp ertise 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 unwil ling to relocate, the risk 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 include foreign curren cy 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 streng th of VF's customers; fluctuations in the price, availability and quality of raw