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Safe Harbor Agreement

Except for the historical information contained herein,
this presentation contains forward-looking statements
that involve known and unknown risks, uncertainties
and other unknown factors that could cause the actual
results of the Company to be materially different from
the historical results or from any future results
expressed or implied by such forward-looking
statements.

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Investment Highlights
• Strong Brand Portfolio led by Steve Madden

• Leading Footwear Capability

• Diversified Business Model

• Proven Track Record

• Strong Balance Sheet

• Meaningful Growth Opportunities

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Company Snapshot
2015 Net Sales = $1.4 billion
19% 17% 11%

81% 83% 89%

Footwear Accessories Wholesale Retail U.S. International
• Total Company has • Wholesale distribution • Distribution in
8% share of U.S. from luxury to mass approximately 80
women’s fashion countries
footwear market • Retail distribution • 43 company-operated
#1 Share through 169 stores in Canada and
company-operated Mexico
• Accessories retail stores
includes handbags, • 4 JV stores in South
– 125 Full-Price stores Africa
belts, cold weather – 40 US Outlet stores
accessories and – 4 E-commerce sites • 188 stores and 203
sunglasses concessions operated by
distribution partners
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Steve Madden Brand
2015 Net Sales = $801 million
Market Share – U.S. Women’s Market Share – Key
Fashion Footwear Customers
Brand Share Retailer Rank in
1. Skechers 4.7% Department
Nordstrom #1
2. UGG 2.9%
Macy’s #1
3. Steve Madden 2.8%
Lord & Taylor #2
4. Clarks 2.7%
Dillards #2
5. Nike 2.5%
DSW #1
6. Vans 1.7%
Zappos #1
7. Nine West 1.4%

8. Converse 1.2%

9. Sperry 1.1%

10. Easy Spirit 1.1%
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Note: Net sales for Steve Madden brand includes Steve Madden and all related brands (e.g. Madden Girl, Steven by Steve Madden, etc.)
Steve Madden Brand Net Sales
$801
CAGR = 11% $769 $762
$704

$589
$538
$456
$395

2008 2009 2010 2011 2012 2013 2014 2015

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The Steve Madden Model

• Proven Design Team

• Test-and-React Strategy

• Speed to Market

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Expanding Brand Portfolio
Luxury
Brian Atwood Acquired 2014

Freebird by Steven Created in-house 2012

Dolce Vita Acquired 2014

Blondo Acquired 2015

Superga Licensed 2011

Betsey Johnson Acquired 2010

Big Buddha Acquired 2010

Report Acquired 2011

Mad Love Created in-house 2011
Mass

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Diversifying by Brand

2005 2015

86% 58%

14% 42%

Steve Madden Other Steve Madden Other

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Diversifying by Category,
Channel and Geography
2005 2015
22%
Wholesale

100% 68%
10%

US Footwear Accessories
US Footwear
International

17%
96% 17%
Retail

52% 14%
4%

US Full-Price E-Commerce US Full-Price Outlets
E-Commerce International
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History of Sales and Earnings Growth
(Dollars in Millions, Except Per Share Amounts)
$2.00
$1.97 $1.85
CAGR $1.89
$1,600
Sales = 17% $1.80
$1.76
EPS = 21%
$1,400 $1.60
$1.50
$1,200 $1.40

$1.19 $1.20
$1,000

$1.00
$800
$0.81 $1,335 $1,405 $0.80
$1,314
$600 $1,227
$0.60
$969
$400 $0.50
$0.40
$635
$457 $504
$200 $0.20

$0 $0.00
2008 2009 2010 2011 2012 2013 2014 2015E
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Balance Sheet Highlights
(Dollars in Millions)

• Cash, Equivalents and Marketable Securities $193

• Total Debt $0

• Inventory Turn 9x

• Repurchases of Common Stock in 2015 $135
(3.7 mm shares)

(Estimated Balance Sheet Data as of December 31, 2015)

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2015 Progress on Key Initiatives
Initiative Target 2015 Result

International $200 mm in sales by 2017 Sales +33% to
(vs. $113 mm in 2014) $150 mm

Dolce Vita 10% operating margin by Operating margin
2017 (vs. (3%) in 2014) +~1,000 bp to 7%

Retail Operating margin of 10% Operating margin
by 2017 (vs. 4% in 2014) +~300 bp to 7%

Men’s/Kids Combined sales of $200 Sales +12% to
mm by 2017 (vs. $150 mm $167 mm
in 2014)
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Steve Madden Women’s Wholesale

#1 Priority = Trend-right product assortment in
Steve Madden

Translate strong momentum in Steve Madden
retail stores and improved wholesale sell-
through into growth in wholesale channel

Expand with online customers

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New Brands

• Strong momentum in flagship brand Dolce Vita

• Re-launch of diffusion brand DV for Spring 2016

• Continued operating margin expansion
opportunity

• US business up >50% in 2015

• Significant increase in brand presence at Nordstrom

• Expansion with new customers including Dillard’s
and Zappos
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Retail
• Strong recovery in 2015 after tough
2014
– Comps +11.2%
– Operating Margin ~+300 bp

• New loyalty program in 2016

• Unit expansion opportunity in
outlets

• Momentum in e-commerce
– +17% in 2015

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International
• Net sales to distributors
+25% in 2015
– Robust gains in China,
Dubai, Italy, UK

• Strong performance in
company-operated markets
– SM Mexico (acquired Dec.
2014) net sales +>40%
constant currency in 2015
(including +23% retail
comps)
– SM Canada net sales
+12% constant currency
in 2015

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