WE ARE PVH, One of the World’s Largest Branded Lifestyle and Apparel Companies Kenneth L. Wyse President, PVH Heritage Licensing

1 PVH Is A Global Leader In The Apparel Industry

With ~$8.2 BN in revenues, PVH is one of the largest global apparel companies in the world

$11.4 2013 Revenue ($ in billions) $8.2 $7.5

$5.1

$3.7 $3.4 $3.3 $3.3 $2.6

VFC PVH RL COH BRBY BOSS KORS FOSL GES

Source: Factset.

2 A World Class Portfolio Of Brands

GLOBAL GROWTH BRANDS

Owned*

(1)

Licensed* CHAPS John Varvatos DKNY Kenneth Cole Reaction Donald J. Trump Signature Kenneth Cole New York Elie Tahari MICHAEL Michael Kors Geoffrey Beene Nautica Ike Behar Sean John

* Partial list (1) The Speedo brand is licensed for North America and the Caribbean in perpetuity from Speedo International, Ltd.

3 Our 2013 Warnaco Acquisition Expands Our Focus on Calvin Klein and Tommy Hilfiger…

Calvin Klein & Tommy Hilfiger currently account for ~75% of PVH’s revenues and ~85% of PVH’s EBIT

(1) Total Revenue by Business EBIT by Business Segment (2013) Segment (2013)

14% 42% 24% 45%

34% 41%

TOMMY HILFIGER CALVIN KLEIN

(1) Figures exclude non-recurring and one-time items and corporate expenses. Refer to Appendix for GAAP reconciliation. HERITAGE BRANDS

4 … and Provides PVH With A Significant Presence in Asia and Latin America

Asia and Latin America now account for ~12% of PVH’s revenues and over 20% of PVH’s EBIT

(1) Total Revenue by Region EBIT by Region (2013) (2013)

2% 9% 5%

61% 15% 28% 56% 24%

NORTH AMERICA EUROPE ASIA Note: North America includes Mexico. LATIN AMERICA Europe includes the Middle East and Africa. Asia includes and New Zealand. Latin America includes South America, the Caribbean and Central America.

(1) Figures exclude non-recurring and one-time items.

5 Role of Licensing Within a Corporation

• Enhance and extend the trademarks in the domestic and international markets with consistent brand image and recognition through strategic partnerships

• Protect and defend the trademarks in domestic and international markets

• Generate royalty income

6 The Licensing Process

7 8 Tommy Hilfiger — Brand Overview

2013 Global Sales: $6.4 BN

7%6% 12%10% North America Latin America (1) 39%41% Asia (2) 42%43% Europe (3)

Classic American Cool/Preppy With A Twist Strong Global Brand Awareness Proven Accessible Designer Lifestyle Brand

(1) Latin America includes South America, the Caribbean and Central America. (2) Asia includes Australia and New Zealand. (3) Europe includes the Middle East and Africa.

9 Tommy Hilfiger Licensing Model

OVERVIEW • Originally a license with Dickson Poon for & Southeast Asia • Transitioned to joint venture with Apax and PVH Corp. for China only • Dickson Poon is still the licensee for the rest of Southeast Asia & • Over 100 stores currently in operation in China

LOCAL PARTNERS • Operate the retail stores and handle the wholesale business • Do not source locally • Product comes from Europe • No specialized Asian sizing – using mostly European size scale (sized 1 size scale down) • E-commerce business

GLOBAL LICENSED CATEGORY PARTNERS • Fragrance – Estee Lauder • Watches – Movado Group, Inc. • Eyewear – Safilo

10 11 Calvin Klein — Brand Overview

- Calvin Klein Collection offers halo and inspiration to Calvin Klein platinum label (bridge apparel), Calvin Klein white label (better apparel), Calvin Klein Jeans and Calvin Klein Underwear

- Brand leveraged across multiple products, channels & price points

- Significant underperformance of Calvin Klein Jeans in Europe and U.S. impacted global retail sales

2013 Global Retail Sales: $7.8 BN

6% 4% 19% 19% North America (1) Latin America 52% 54%57% (2) 23%20% Asia 23% Europe (3)

(1) Latin America includes South America, the Caribbean and Central America. (2) Asia includes Australia and New Zealand. (3) Europe includes the Middle East and Africa.

12 Calvin Klein Licensing Model

OVERVIEW • Originally Warnaco licensed the business for Jeans & Underwear • After Warnaco acquisition in 2012, PVH Corp. took control of all Jeans and Underwear business • Club 21 (-based) still licenses Platinum Label for bridge sportswear in China • PVH operates many stores in China • Both PVH and Club 21 have created special Asian sizing

GLOBAL LICENSED CATEGORY PARTNERS

• Watches & Jewelry –Swatch Group • Eyewear – Marchon • Fragrance – Coty

13 14 Heritage Brands — Overview & Financials

Heritage Brands

Wholesale Retail

3Q14 LTM Revenues(1) as % of Total ~80% ~20%

Wholesale sportswear has generally been strong, reflecting initiatives to better position the Van Heusen, IZOD and ARROW brands within department and chain store accounts Warner’s, Olga and Speedo performing well Retail performance has been challenging

(1) Refer to Appendix for reconciliations of LTM figures. LTM EBIT margin excludes non-recurring and one-time items.

15 Our Heritage Brands Categories Have Strong Market Share Positions

(1) Based on percentage of 2013 unit volume in US Department and Chain Stores combined.

16 PVH Heritage Brands – Business By Region

2014 Global Retail Sales: $3.8 billion 1% 3% North America Europe 11% Latin America Asia

85% North America includes U.S. PVH-Owned Businesses: Sportswear, Dress Shirts, Neckwear, Retail Outlet Stores

17 PVH Heritage Brands – Licensed Business By Region

2014 Licensed Global Retail Sales: $900 million 32% North America Europe Latin America Asia

6% 50% North America includes 12% licensed business only

18 LICENSING

19 Case Study: IZOD in China

LICENSEE: DISHANG FASHION BRANDS COMPANY LTD.

• Subsidiary of Weihai-based Dishang Group • Dishang Group CEO: Mr. Lihua Zhu

• Headquartered in Beijing

• Licensee for IZOD apparel and accessories since 2010

• Presently operating 55 stores/shops specializing in men’s apparel

• Goal is to grow to over 100 stores and $100M+ business

• Licensee designs and manufactures a product line Mr. Lihua Zhu that syncs with U.S. brand DNA

• PVH and licensee collaborate across many disciplines: including Product Design, Marketing, Store Design and Special Events

20 Communicating an American Brand in China

21 Communicating an American Brand in China

Examples of Winter 2014 United States Magazine Advertising

22 Case Study: IZOD in China

CHALLENGES WITH A LICENSING ARRANGEMENT:

• Lack of brand understanding

• Lack of advertising nuance

• “Their way” vs. “our way”

• Sizing and color differences

• Youth market vs. mature U.S. customer

• Complications in communication

• 1st generation vs. 2nd generation

23 IZOD China Brand Summit Event, April 2014

Date: April 2nd, 2014

Setting: Conrad Hotel, Beijing

Participants: Mall Owners, Fashion and News Media, VIP’s and Potential Franchisees

Components: • Immersion Summit (Brand Story & Heritage, Business Strategy)

• Product showcase

• 2014 Autumn & Winter Fashion show

• Welcome Cocktail & Gala Dinner

24 IZOD China Brand Summit Event, April 2014

PRODUCT SHOWCASE

25 IZOD China Brand Summit Event, April 2014

FASHION SHOW

26 IZOD China Brand Summit Event, April 2014

SEAN LI PERFORMANCE

27 IZOD China Brand Summit Event, April 2014

28 IZOD China Stores

Beijing, Xizhimen Kaide Chongqing, Nanping Wanda

29 Licensing in China

KEY FACTORS FOR LONG-TERM LICENSING SUCCESS

Quality relationships with outstanding partners • Shared ethics, principles & integrity

Understanding that licensing is a slow-build business:

• It takes 3 full seasons to effectively launch a fashion apparel brand in a new market

• Requires: • Patience • Forebearance • Fortitude

• Evolution of Licensing: Licensing  Distribution  Joint Venture  Ownership

30 Kenneth L. Wyse President, PVH Heritage Licensing

31