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.

Investment Highlights
Strong Brand Portfolio led by Steve Madden
Leading Footwear Capability
Diversified Business Model
Proven Track Record
Strong Balance Sheet
Meaningful Growth Opportunities
3

Company Overview

Steve Madden
$1.4 billion net sales
20%
80%

Footwear

10%

17%

Accessories

Total Company has

8% share of U.S.
womens fashion
footwear market
#1 Share
Accessories
includes handbags,
belts and cold
weather
accessories

90%

83%

Wholesale

Retail

Wholesale
distribution from
luxury to mass

Retail distribution
through 165 owned
retail stores including
4 e-commerce sites

U.S.

International

Distribution in
approximately 80
countries

Steve Madden Brand

$798 million in net sales
Market Share U.S. Womens
Fashion Footwear
Brand

Share

1.

Skechers

3.1%

2.

Steve Madden

2.8%

3.

UGG

2.6%

4.

Clarks England

2.6%

5.

Nike

2.0%

6.

Sperry Top-Sider

1.4%

7.

Nine West

1.4%

8.

Naturalizer

1.2%

9.

Toms

1.2%

Converse

1.0%

10.

Market Share Key

Customers
Retailer

Rank in
Department

Nordstrom

#1

Macys

#1

Lord & Taylor

#1

Dillards

#2

DSW

#1

Zappos

#1

__________
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

(Dollars in Millions)
$769

$762

2013

2014

$798

$704

CAGR = 11%
$589
$538
$456
$395

2008

2009

2010

2011

2012

TTM

__________
Note: Net sales for Steve Madden brand includes Steve Madden and all related brands (e.g. Madden Girl, Steven by Steve Madden, etc.)

The Steve Madden Model

Proven Design Team

Test-and-React Strategy
Speed to Market

Expanding Brand Portfolio

Luxury

Mass

Brian Atwood

Acquired

2014

Freebird by Steven

Created in-house

2012

Dolce Vita

Acquired

2014

Superga

Licensed

2011

Blondo

Acquired

2015

Betsey Johnson

Acquired

2010

Big Buddha

Acquired

2010

Report

Acquired

2011

Madden Girl

Created in-house

2006

Mad Love

Created in-house

2011
9

Diversifying by Brand
2005

LTM

86%

57%
43%

14%

Steve Madden

Other

Steve Madden

Other

10

Diversifying by Category, Channel &

Geography

Retail

Wholesale

2005

LTM
23%

100%

68%
9%
US Footwear
International

US Footwear

17%

96%

4%
US Full-Price

Accessories

E-Commerce

53%
US Full-Price
Outlets

17%
13%

E-Commerce
11
International

Financial Performance

Financial Performance
(Dollars in Millions, Except Per Share Amounts)
CAGR = 18%

$1,314
$1,227

$1,422
$1,335

$1.89 $1.97

CAGR = 21%

$1.90
$1.76

$1.50

$969
$1.19
$635
$457

$0.81

$504
$0.50

2008

2009

2010

2011

2012

2013

2014

2015E

Net Sales

__________

Note: 1) All figures exclude non-recurring items.

2) 2015E amounts represent the mid-point of guidance.

2008

2009

2010

2011

2012

2013

2014

2015E

Diluted EPS
13

Balance Sheet and

Cash Flow Highlights
(Dollars in Millions)

Cash, Equivalents and Marketable Securities

$151

Total Debt

$0

Inventory Turn

9.0 x

YTD Repurchases of Common Stock in 2015

$104
(2.7 mm shares)

(Balance Sheet Data as of September 30, 2015)

14

OPPORTUNITIES

International

$138 mm in LTM net sales

Acquired licensee in Mexico in

December 2014

Formed joint venture in South

Africa in September 2014

2017 net sales target = $200 mm

16

Retail

$234 mm in LTM net sales and

LTM operating margin of 6.3%
(compared to 2011-2013
operating margin of 12.8%)

Implemented new e-commerce

platform in 2014

Expanding outlet presence

Expanding full-price stores

outside U.S.

2017 operating margin target = 10%

17

Dolce Vita
Contemporary footwear brand
acquired in August 2014
>$100 mm in net sales with
operating loss at time of
acquisition
Significant gross margin
opportunity
Bloated expense structure
2017 operating margin target = 10%

18

Mens and Kids

(Dollars in Millions)

Mens

Kids

LTM Net Sales = $111 mm

-- % of total footwear = 12%

LTM Net Sales = $58 mm

-- % of total footwear = 6%

2017 net sales target (mens/kids combined) = $200 mm

19

STEVE MADDEN