Foot Locker Investor Meeting

7/29/2019 Foot Locker Investor Meeting

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Disclosure Regarding Forward-Looking Statements

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Chairman of the Board

President and Chief Executive Officer

Executive Vice President and Group President - Retail Stores

President and Chief Executive OfficerFoot Locker/ Lady Foot Locker/ Kids Foot Locker/ Footaction

President and Chief Executive OfficerFootlocker.com/Eastbay/CCS

Executive Vice President

Chief Financial Officer 2


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2009 - 2011

2009 2010 2011 B/(W)

Sales 4,854$ 5,049$ 5,623$ 769$

Comp store sales -6.3% 5.8% 9.8%

Gross margin 1,332 1,516 1,796 464Gross margin rate 27.4% 30.0% 31.9%

SG&A expenses 1,099 1,138 1,244 (145)Depreciation and amortization 112 106 110 2Impairment Charge 41 10 5 36Interest / other income 7 5 2 5

Pretax profit, GAAP basis 73$ 257$ 435$ 362$Income Tax Expense 26 88 157 (131)

Income from continuing operations 47$ 169$ 278$ 231$

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Earnings per share: 0.30$ 1.07$ 1.80$ 0.73$

Cash and cash Equivalent 589$ 696$ 851$ 262$Long Term Debt 138 137 135 3

Cash Position, net of Debt 451$ 559$ 716$ 265$

Operating Cash Flow 346$ 326$ 497$ 151$Capital Expenditures 89 97 152 (63)

Free Cash Flow (Non GAAP) 257$ 229$ 345$ 88$


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2009 - 2011

+ 16 %

2009 - 2011

+ 22 %

Sales ($M)

$4,854$5,049

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2009 2010 2011

Sales Per Square Foot

$333

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EBIT Margin

2.8%

5.4%

7.9%

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4.0%

6.0%

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10.0%

2009 2010 2011

Net Income Margin

1.8%

3.4%

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4.0%

6.0%

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Apparel/Accessories Penetration

30.7%

28.0% 27.5%

26.3%

24.8% 23.7%22.8% 22.8%

23.6%

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FootLockerbanners

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2010-11 NFHS Participation by Sport

Track & Field

1,637K

Football -

1,136K

Basketball -

985KSoccer - 760K

Baseball - 472K

Volleyball -

459K

Softball - 401K

Other

Boys/Girls -

1,820K


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Develop field sales forceExpand assortmentStrengthen private label capabilityProvide online tools for coaches and teams


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Direct-to-Customer Sales

300

350

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2007 2008 2009 2010 2011

2009 - 2011

CAGR = 12.4%

Direct-to-Customer Sales Penetration

6.0%

7.0%

8.0%

9.0%

10.0%

2007 2008 2009 2010 2011


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New Merchandise IdeasNew Formats

The Locker Room, U.K.


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Sales / GSF

$372 $352 $350 $333$360 $406

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$400

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2006 2007 2008 2009 2010 2011


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ROIC Rate

5.3%

8.3%

11.8%

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2%

4%

6%

8%

10%

12%

14%

2009 2010 2011

SG&A Rate

22.6% 22.5%

22.1%

18%

19%

20%

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22%

23%

2009 2010 2011


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*Adjusted, excludes impairment

5-Year

2011 Objective

Gross Margin Rate 31.9% 33% - 34%

SG&A Rate 22.1% 20% - 21%

Depreciation Rate 2.0% 2.0%

EBIT Profit Rate 7.9%* 11.0%

Net Income Rate 5.0%* 7.0%


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EXECUTE STRATEGIES

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OUR VISION

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Foot Locker Investor Meeting

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