Our Heritage Brands Portfolio Consists of Iconic American Brands that Generate Healthy Cash Flows

Business Strategies Financial History

Driv ing consumer engagement by Growing presence online with the ($ IN MILLIONS) 2015 2016 2017 lev eraging and enhancing each launch of a new directly operated brand’s position in the market. digital commerce site and through TOTAL REVENUE $1,728 $1,557 $1,560 pure play digital commerce (1) Innov ating and offering quality, trend- retailers, as well as increased REVENUE GROWTH -4% -10% 0% distribution through wholesale right products that deliver advanced + technologies and features at a partners (in stores and online). EBIT $122 $102 $104 great v alue to our customers. Pursuing international expansion EBIT MARGIN+ 7.1% 6.6% 6.7% opportunistically.

+ 2015 and 2016 EBIT figures exclude amounts that were deemed non-recurring or non -operational. See back of page for GAAP to non-GAAP reconciliations. (1) We completed the exit from our Izod retail business in the third quarter of 2015.

Our Brands HERITAGE BRANDS: ~85% WHOLESALE BASED ON 2017 REVENUE

DRESS FURNISHINGS SPORTSWEAR SWIMWEAR UNDERWEAR / CORE INTIMATES

IZOD is known for With a strong foundation ARROW is known for Speedo* is one of the A leading intimate Olga is a leading True & Co. is a youthful, energetic, in men's dress its classic American world's top-selling apparel brand, Warner's intimate apparel brand direct-to-consumer sports-inspired styling. furnishings, we believe styling. The brand's swimwear brands, targets the modern in North America, intimate apparel digital Collections include that Van Heusen is one heritage is in dress offering men's, women's everyday woman, who focusing on fuller- commerce retailer, men's classic, of the best-selling shirts and the category and children's swimwear is confident and figured women. transforming the athletically-inspired brands of dress shirts in offering has expanded and accessories. The practical. Warner's Products, including way women shop sportswear, golfwear, the U.S. It also offers to include sportswear brand's heritage is offers bras, panties and bras, panties and online by matching jeanswear and men's and women's and neckwear. ARROW deeply rooted in shapewear, and was the shapewear, are recommendations performancewear dresswear, sportswear was the #6 best selling competitive swimming, fourth best selling brand designed to be far beyond typical and luxury-style and accessories. Van national brand men’s as more Olympic gold for bras and panties in comfortable and measurements. sport collections. IZOD Heusen was the #2 best woven sport shirt in U.S. medals have been won U.S. department and engineered for a was the #1 best selling selling national brand department and chain in Speedo than any chain stores in 2017. superior fit. national brand men’s men’s woven sport shirt stores in 2017. other brand. woven sport shirt in U.S. in U.S. department and department and chain chain stores in 2017. stores in 2017.

Amazon, Belk, Belk, J.C. Penney, Kohl’s and Sears Amazon, Club Swim, Amazon, J.C. Penney, Amazon, Kohl’s, Macy’s, TrueandCo.com J.C. Penney, Kohl’s Kohl’s and Stage Stores Costco, Dick’s Sporting Kohl’s, Macy’s, Target, The Bay, Belk and and Macy’s (in addition (in addition to company- Goods, Kohl’s, Target Boscov to some company- operated outlet stores) and SpeedoUSA.com The Bay and Walmart operated outlet stores (in addition to some (in addition to some for IZOD Golf). company-operated company-operated outlet stores). outlet stores). LICENSED (partial list) Chaps, DKNY, Kenneth Cole Reaction, MICHAEL Michael Kors, Michael Kors Collection. *The Speedo brand is licensed for North America and the Caribbean in perpetuity from Speedo International Limited.

Focus on Innovation & Technology EBIT Reconciliations

($ IN MILLIONS )

GAAP EBIT ADJUSTMENTS NON-GAAP EBIT NON-GAAP EBIT %

2016(1) TOTAL HERITAGE BRANDS $99 ($3) $102 6.6%

2015(2) TOTAL HERITAGE BRANDS $87 ($35) $122 7.1%

(1) ADJUSTMENTS FOR 2016 REPRESENT THE ELIMINATION OF (i) THE COSTS INCURRED IN CONNECTION WITH OUR INTEGRATION OF THE WARNACO GROUP, INC. ("WARNACO") AND THE RELATED RESTRUCTURING AND (ii) THE COSTS INCURRED IN CONNECTION WITH THE DISCONTINUATION OF SEVERAL LICENSED PRODUCT LINES IN THE DRESS FURNISHINGS BUSINESS.

(2) ADJUSTMENTS FOR 2015 REPRESENT THE ELIMINATION OF (i) THE COSTS INCURRED IN CONNECTION WITH OUR INTEG RATION OF WARNACO AND THE RELATED RESTRUCTURING; (ii) THE COSTS INCURRED IN CONNECTION WITH THE OPERATION OF AND EXIT FROM THE IZOD RETAIL BUSINESS; AND (iii) THE COSTS INCURRED PRINCIPALLY IN CONNECTI ON WITH THE DISCONTINUATION OF SEVERAL LICENSED PRODUCT LINES IN THE DRESS FURNISHINGS BUSINESS.

WE (PVH CORP.) OBTAINED THE MARKET AND COMPETITIVE POSITION DATA USED THROUGHOUT THIS PRESENTATION FROM RESEARCH, SURVEYS OR STUDIES CONDUCTED BY THIRD PARTIES (INCLUDING, WITH RESPECT TO THE BRAND RANKINGS, THE NPD GROUP/POS TRACKING SERVICE), INFORMATION PROVIDED BY CUSTOMERS AND INDUSTRY OR GENERAL PUBLICATIONS. THE SPECIFIC U.S. DEP ARTMENT AND CHAIN STORE RANKINGS WE REFERENCE ARE ON A UNIT BASIS. INDUSTRY PUBLICATIONS AND SURVEYS GENERALLY STATE THAT THEY HAVE OBTAINED INFORMATION FROM SOURCES BELIEVED TO BE RELIABLE BUT DO NOT GUARANTEE THE ACCURACY AND COMPLETENESS OF SUCH INFORMATION. WHILE WE BELIEVE THAT EACH OF THESE STUDIES AND PUBLICATIONS AND ALL OTHER INFORMATION ARE RELIABLE, WE HAVE NOT INDEPENDENTLY VERIFIED SUCH DATA AND WE DO NOT MAKE ANY REPRESENTATION AS TO THE ACCURACY OF SUCH INFORMATION.