CORPORATE PRESENTATION | JANUARY 2018

Safe Harbor Statement

We caution readers that the forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations rather than historical facts and they are indicated by
words or phrases such as "anticipate," "believe," "budget," "contemplate," "continue," "could," "estimate," "expect," "guidance," "indicate," "intend," "may," "might,"
"plan," "possibly," "potential," "predict," "probably," "proforma," "project," "seek," "should," "target," or "will" or the negative thereof or other variations thereon and similar
words or phrases or comparable terminology. Such forward-looking statements include, but are not limited to, statements regarding Perry Ellis’ strategic operating
review, growth initiatives and internal operating improvements intended to drive revenues and enhance profitability, the implementation of Perry Ellis’ profitability
improvement plan and Perry Ellis’ plans to exit underperforming, low growth brands and businesses. We have based such forward-looking statements on our current
expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-
looking statements are only predictions and involve known and unknown risks and uncertainties, and other factors that may cause actual results, performance or
achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, many of which
are beyond our control. These factors include: general economic conditions, a significant decrease in business from or loss of any of our major customers or programs,
anticipated and unanticipated trends and conditions in our industry, including the impact of recent or future retail and wholesale consolidation, recent and future
economic conditions, including turmoil in the financial and credit markets, the effectiveness of our planned advertising, marketing and promotional campaigns, our
ability to contain costs, disruptions in the supply chain, including, but not limited to these caused by port disruptions, disruptions due to weather patterns, our future
capital needs and our ability to obtain financing, our ability to protect our trademarks, our ability to integrate acquired businesses, trademarks, trade names and
licenses, our ability to predict consumer preferences and changes in fashion trends and consumer acceptance of both new designs and newly introduced products, the
termination or non-renewal of any material license agreements to which we are a party, changes in the costs of raw materials, labor and advertising, our ability to carry
out growth strategies including expansion in international and direct-to-consumer retail markets; the effectiveness of our plans, strategies, objectives, expectations and
intentions which are subject to change at any time at our discretion, potential cyber risk and technology failures which could disrupt operations or result in a data
breach, the level of consumer spending for apparel and other merchandise, our ability to compete, exposure to foreign currency risk and interest rate risk, the impact to
our business resulting from the United Kingdom’s referendum vote to exit the European Union and the uncertainty surrounding the terms and conditions of such a
withdrawal, as well as the related impact to global stock markets and currency exchange rates; possible disruption in commercial activities due to terrorist activity and
armed conflict, actions of activist investors and the cost and disruption of responding to those actions, and other factors set forth in Perry Ellis' filings with the Securities
and Exchange Commission. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed
in Perry Ellis' filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which are valid only as of the date they were
made. We undertake no obligation to update or revise any forward-looking statements to reflect new information or the occurrence of unanticipated events or otherwise.
 Perry Ellis International

• $880 million in expected FY’18 revenue

• FY’18 Adj. EPS expected in the range of $2.07 to $2.17
• Debt to cap less than 10%
• Market cap of approximately $400 million
Key Investment Highlights
• Powerful Portfolio of Global Brands
• Leadership position in Men’s apparel
• Visible, high margin growth opportunities
• Strong consumer loyalty driven by continuous innovation and technical designed
products
• Talented management team
• Strong infrastructure to support growth
• Disciplined use of capital and management of expense
 Our Strategy
Focus on Global Brands with diverse channels of distribution and limited
competition

• Increase international footprint

• Invest in digital commerce expansion and omni channel initiatives
• Leader in performance and innovative sportswear apparel
• Diversify revenue
Focus on Global Brands has driven strong GPM expansion and more than
Quadruple rise in EPS from FY’14 to FY’18

$2.50 38.0%
$2.07 – $2.17
37.0%
$2.00
36.0%
$1.50 35.0%
Adj. EPS 34.0% GPM
$1.00
33.0%
$0.50
32.0%
$- 31.0%
FY'14 FY'15 FY'16 FY'17 FY'18E FY'14 FY'15 FY'16 FY'17 FY'18E

*A reconciliation of Adj. to GAAP can be found in the fiscal year-end earnings release.
 Core Lifestyle Brands Optimization

$3.1B Global Retail Sales (FY2017)

Global
Retail $1.27B $500M $460M $300M $315M
Sales

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 Fiscal Year 2017 Revenue Breakdown

Women’s Sportswear:
$108M
12%

Men’s Sportswear Total

73%
& Swim: $625M $861M 11% Direct-to-Consumer:
* Includes Total Europe $92M
4%

Licensing:
Total International Revenue: $94M $36M
• Europe $63M
• Canada $26M
• Mexico $5M

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 Core Lifestyle Brands Optimization

$3.1B Global Retail Sales (FY2017)

51% 23%
WHOLESALE INTL.
$1.6B $0.7B

46% 77%
LICENSING DOMESTIC
$1.4B
$2.4B

3%
DTC
$100M
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 Diverse Retail Relationships

Dept. Store /
Luxury Specialty / E-Comm International
Mid-Tier Chain

Less than 29% of revenue comes from department stores

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 Key Pillars of Growth and Profitability
Strategy drove a 50 bps increase in Adj. GPM and a 165% increase in
pre-tax income in third quarter fiscal 2018
• Perry Ellis, Nike Swim, Golf, & • Q3 growth in

1 •
Original Penguin
Core brands grew sales by 8%
organically in Q3’18 in constant
2 •
Double digits
Driven by Nike
Swim, Original
Focus on our currency International Penguin and Farah
core brands Expansion

3 •

•
71 stores across the
platform
Achieved positive
comparable sales
4
• Expect to sign 23
to 26 new
licensing
agreements in
Direct-to- Licensing
Consumer growth in Q3’18 Fiscal 2018
expansion

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 Perry Ellis

• Iconic, American designer brand

• Global & strong licensee base
• Projected FY’2018 ending store
count: 40 US stores +
e-commerce site

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 Original Penguin

• Strong heritage & millennial positioned

brand
• Projected FY’2018 ending store count: 14
US stores + 10 UK stores + e-commerce
sites
• FY 19 will enter the golf segment, targeted to
the millennial consumer

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 PEI Golf

• Authentic golf brands, On Tour

designs & Off-course golf lifestyle
• Positioned for growth both
domestically & internationally
• Newness focused on technical &
innovative features Lifestyle
Golf
On Course Off Course

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 Nike Swim

• Global brand reach satisfying consumer appetite

for active & sports based apparel
• Current Territories: USA, Canada, Europe,
Mexico, Central & South America
• New Territories Projected:
o FY’2019 : Russia, Italy, Greece, Caribbean
o FY’2020 : Asia (Southeast Asia/China),
Australia and Africa

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 Rafaella

• Differentiated brand positioning with a

focus on fit
• Figure-flattering fashion that resonates
with a broad audience
• Targeting growth through younger,
multicultural, plus-size consumers

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Digital Consumer
E-commerce
• Mobile-first mindset: tech platform to specifically enhance the mobile
experience (June 2017)
• Use analytics, such as Google, maximize conversion
• Increased social commerce such as shop-able Instagram
• Omni approach: ship from store and pick up in store
• New and improved loyalty program for stores and e-commerce: launched on November 2017
• Opportunities for further digital e-commerce platform

Perryellis.com Laundrybyshellisegal.com

Callawayapparel.com Peonyandme.com

Originalpenguin.com Cubavera.com

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Global Expansion: International
FY’2017 Year-End Results
• Powerful revenue growth across Original Penguin, Farah, Callaway & Nike
• Significant EMEA expansion opportunities across all brands
• Brand equity & momentum attracting licensing partners in key ancillary
categories
• Accelerate DTC development: 11 stores (currently) + 2 e-commerce websites

Original Penguin: India, Saudi Arabia, Mexico, UK, Europe, Philippines

Perry Ellis: Mexico, Panama, Central & South America, Caribbean
Nike: Europe, Latin America, Mexico, Canada
Callaway: Europe, Africa, Middle East, Asia
Ben Hogan: Canada, Europe
PGA Tour: Europe
Farah: China

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 Global Expansion: Licensing

• Actively manage 150 licenses in 55+ countries

• Strong pipeline to support 20-25 new license agreements annually

• Increase international contribution, leverage equity outside the US market

• Secure or optimize agreements in fastest growing categories:

Active-wear, Footwear, Eyewear, Home Fashion, & Travel Accessories

• Highly profitable and consistent royalty stream

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 New Licensed business: Guy Harvey

● Enhance PEI core strategy to target “niche” brand

businesses. Guy Harvey apparel will feature a versatile
colorful, iconic ocean-inspired collection.
● Sports & Recreational Fishing has cross generational
appeal that reaches 46 million, greater than golf- 21
million, tennis- 13 million. The industry has increased
20% in past 10 years. $115 billion impact on US
economy.
● Current license revenue is $25 million- 85% is core
screen printed t-shirts. Expand Guy Harvey into a full
lifestyle collection via product category extensions

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 Speed to Market

Corporate Initiative: Accelerated Solutions, Adaptable Processes (ASAP)

• Implementing and pioneering 3D technology to reduce samples & lead times

• Improving product development process in both Asia and the US

• Work with vertically integrated suppliers to make quick decisions at the source
of manufacture

• Robust distribution and logistics capabilities covering east and west coasts

• Enhancing e-commerce fulfillment capability through investments in automation

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 Financial Outlook

FY2017A FY2018 Guidance*

Total Revenue $861M $870M - $880M

Adj. Gross Margin 37.2% 37.3% - 37.5%

Adj. EBITDA Margin 6.6% 6.7% - 7.0%

Adj. EPS $2.04 $2.07 - $2.17

*FY’2018 figures correspond to

the guidance reiterated in
November 2017 and do not
reflect recent changes in tax
law.
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 Capitalization

($ in millions) FY2017A (Q3) FY2018A (Q3)

Total Net Debt $65M $39M

Total Net Debt to Capital 17.9% 10.5%

Net Debt/LTM EBITDA as Adjusted 1.2x 0.7x

LTM EBITDA as Adjusted/ Interest 7.1x 7.7x

Inventory $112M $129M

Inventory Turnover 3.8x 3.9x

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 Taxation

Overall new tax bill will be favorable

• Corporate tax rate reduced to 21%

• Immediate expensing of capital investment

• Interest Limitation: Deduction limited to 30% of

earnings before interest, taxes, depreciation,
and amortization

• Tax on historic un-repatriated earnings: 15.5%

cash or cash equivalent; 8% remainder

• U.S. tax on global intangible low-taxed income

(GILTI) above 10% of excess return over
tangible asset basis
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Key Investment Highlights
• Powerful Portfolio of Global Brands
• Leadership position in Men’s apparel
• Visible, high margin growth opportunities
• Strong consumer loyalty driven by continuous innovation and technical designed
products
• Talented management team
• Strong infrastructure to support growth
• Disciplined use of capital and management of expense