YETI : 1Q 2024 Highlights

First Quarter 2024 Highlights

SAFE HARBOR STATEMENT

Disclaimer

We are not making any representations or warranties, express or implied, with respect to the information (financial, business, legal or otherwise) contained in this presentation. No person has been authorized to give any information other than that contained in this presentation.

Forward Looking Statements

This presentation, as well as other written or oral communications made from time to time by us, may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements refer to our current expectations and projections relating to our financial condition, results of operations, plans, objectives, strategies, future performance, and business. All statements other than statements of historical or current fact included in this presentation are forward-looking statements. Forward-looking statements include statements containing words such as ''anticipate,'' ''assume,'' ''believe,'' ''can,'' have,'' ''contemplate,'' ''continue,'' ''could,'' ''design,'' ''due,'' ' ''estimate,'' ''expect,'' ''forecast,'' ''goal,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''objective,'' ''plan,'' ''predict,'' ''project,'' ''potential,'' ''seek,'' ''should,'' ''target,'' "will,'' ''would,'' and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operational performance or other events. For example, all statements made relating to our future expectations relating to our acquisitions of Mystery Ranch and Butter Pat Industries, estimated and projected costs, expenditures, and growth rates, plans and objectives for future operations, growth, or initiatives, or strategies are forward-looking statements.

All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that are expected and, therefore, you should not unduly rely on such statements. The risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include but are not limited to: (i) economic conditions or consumer confidence in future economic conditions; (ii) our ability to maintain and strengthen our brand and generate and maintain ongoing demand for our products; (iii) our ability to successfully design, develop and market new products; (iv) our ability to effectively manage our growth; (v) our ability to expand into additional consumer markets, and our success in doing so; (vi) the success of our international expansion plans; (vii) our ability to compete effectively in the outdoor and recreation market and protect our brand; (viii) the level of customer spending for our products, which is sensitive to general economic conditions and other factors; (ix) problems with, or loss of, our third- party contract manufacturers and suppliers, or an inability to obtain raw materials; (x) fluctuations in the cost and availability of raw materials, equipment, labor, and transportation and subsequent manufacturing delays or increased costs; (xi) our ability to accurately forecast demand for our products and our results of operations; (xii) our relationships with our national, regional, and independent retail partners, who account for a significant portion of our sales; (xiii) the impact of natural disasters and failures of our information technology on our operations and the operations of our manufacturing partners; (xiv) our ability to attract and retain skilled personnel and senior management, and to maintain the continued efforts of our management and key employees; (xv) the impact of our indebtedness on our ability to invest in the ongoing needs of our business, and (xvi) our ability to successfully execute our share repurchase program and its impact on stockholder value and the volatility of the price of our common stock. For a more extensive list of factors that could materially affect our results, you should read our filings with the United States Securities and Exchange Commission (the "SEC"), including our Annual Report on Form 10-K for the year ended December 30, 2023, as such filings may be amended, supplemented or superseded from time to time by other reports we file with the SEC.

These forward-looking statements are made based upon detailed assumptions and reflect management's current expectations and beliefs as of the date hereof. While we believe that these assumptions underlying the forward-looking statements are reasonable, we caution that it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect actual results. Readers of this presentation should consider these factors in evaluating, and are cautioned not to place undue reliance on, the forward- looking statements contained therein. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Non-GAAP Financial Measures

In addition to our results determined in accordance with GAAP, we supplement our results with non-GAAP financial measures, including Adjusted Net Sales, Adjusted Gross Profit, Adjusted Gross Margin, Adjusted Selling, General and Administrative ("SG&A") Expenses, Adjusted SG&A as a percentage of Adjusted Net Sales, Adjusted Operating Income, Adjusted Operating Income as a percentage of Adjusted Net Sales, Adjusted Net Income and Adjusted Net Income per Diluted Share ("Adjusted EPS") and free cash flow. Our management uses these non-GAAP financial measures in conjunction with GAAP financial measures to measure our profitability and to evaluate our financial performance and, with respect to free cash flow, our ability to generate cash. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding the underlying operating performance of our business and are appropriate to enhance an overall understanding of our financial performance. We believe free cash flow provides meaningful supplementary information about our ability to generate cash that can be used for investing in our business or for strategic opportunities. These non-GAAP financial measures have limitations as analytical tools in that they do not reflect all of the amounts associated with our results of operations or cash flow from operations as determined in accordance with GAAP. Because of these limitations, these non-GAAP financial measures should be considered along with the comparable GAAP financial measures. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. See Appendix for reconciliation of GAAP to non-GAAP financial measures.

We do not provide a reconciliation of forward-lookingnon-GAAP to GAAP financial measures because such reconciliations are not available without unreasonable efforts. This is due to the inherent difficulty in forecasting with reasonable certainty certain amounts that are necessary for such reconciliation, including in particular the impact of voluntary product recalls and realized and unrealized foreign currency gains and losses reported within other expense. For the same reasons, we are unable to forecast with reasonable certainty all deductions and additions needed in order to provide a forward-looking GAAP financial measures at this time. The amount of these deductions and additions may be material and, therefore, could result in forward-looking GAAP measures being materially different or less than forward-lookingnon-GAAP financial measures. See "Safe Harbor Statement" above.

These forward-looking statements are made based upon detailed assumptions and reflect management's current expectations and beliefs as of the date hereof. While we believe that these assumptions underlying the forward-looking statements are reasonable, we caution that it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect actual results. Readers of this presentation should consider these factors in evaluating, and are cautioned not to place undue reliance on, the forward- looking statements contained therein. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

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STRATEGIC PRIORITIES: RECENT HIGHLIGHTS

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EXPAND OUR CUSTOMER BASE

Activated some of our larger global partnerships across diverse communities and pursuits

Established a new partnership in the world of professional women's soccer with the Kansas City Current

Expanded our work to tap into consumer habits including fitness

INTRODUCE NEW PRODUCTS

Expanded distribution of the Rambler 42-oz. straw mug and Wine Chiller, introduced new lineup of Stackable Cups Announced Q2 2024 introductions of the Roadie 32 wheeled hard cooler and the brand's first French press and pitcher combo

Completed acquisitions of Mystery Ranch and Butter Pat Industries to accelerate bags and cookware product innovation

ACCELERATE DTC

DTC grew +12% YoY during Q1 2024 with solid growth across Ecommerce, Corporate Sales, Amazon, and YETI Retail Continued to build Ecommerce customization capabilities in Australia and Canada; debuting European options later this year Opened our 19th store in The Woodlands, TX, followed by our 20th store in New York City at the start of April

EXPAND INTERNATIONALLY

International sales grew 32% YoY during Q1 2024 - reaching a new YETI-high of ~19% of total adjusted sales Announced update to our global leadership team with Naoji Takeda as the new Managing Director, Asia Testing several new wholesale partnerships in Canada and Australia

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Q1 2024 RESULTS AT A GLANCE

Q1 2024 ADJUSTED NET SALES1

ADJUSTED Q1 2024 FINANCIAL METRICS1

Coolers &
Equipment
35%	$341M
	Drinkware
		63%

Other2

2%

1. Based on non-GAAP measures. Please refer to Appendix for reconciliation of GAAP to non-GAAP measures.
2. Other includes apparel, bottle openers, ice substitutes, and other accessories.

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$341M

Net Sales

+15%

Coolers & Equipment

+12%

DTC

$40M

Operating Income

+13%

Net Sales Growth

+13%

Drinkware

+13%

Wholesale

11.6%

Operating Margin

BRAND & PRODUCT

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GROWING DIVERSE, GLOBAL YETI COMMUNITIES

2006 Community Reach

FISHINGHUNTING

2024 Community Reach

FISH

HUNT

BBQ

CULINARY

BEVERAGE

SKATE

SURF/PADDLE

SKI/SNOW

CLIMB/ALPINE

RODEO

RANCH

EQUESTRIAN WELLNESS

GOLF

SPORTS

Relevance Through Breadth & Depth

15 187

Communities Ambassadors

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EXTENSIVE MEDIA REACH

LARGE AND GROWING	EARNED MEDIA AWARDS
SOCIAL MEDIA PRESENCE

Followers1

5.4M

5.4M

4.8M

2.0M

1.2M

1.1M

1.1M

1.0M

637K

625K

YETI - MOST	TUNDRA HAUL,	AD AGE'S 2024 IN-
INNOVATIVE	HOPPER FLIP 12 &	HOUSE AGENCY OF
COMPANIES 2024	TUNDRA 64 - BEST	THE YEAR
	COOLERS OF 2024

BROAD EARNED MEDIA COVERAGE

1. Instagram followers as of May 1, 2024.

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MEDIA HIGHLIGHTS

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COOLERS & EQUIPMENT EVOLUTION

Soft Coolers Hard Coolers

Bags

Cargo

Outdoor Living

2017

2018

2019

2020

2021

2022

20231

20242

Tundra Haul®	Silo®	YETI V Series ®	Roadie® 24	YETI XV	Roadie® 48 Roadie® 60	Roadie® 32
Tundra® 50

Hopper Flip® 8

& Flip® 18

	Daytrip®	Hopper®	Daytrip®	Hopper®	Hopper®	Hopper®	Hopper®
Hopper BackFlip	Lunch Bag	M30
Lunch Box	M20 Backpack	M30 2.0	M12 Backpack	M15
Hopper® Two

								Crossroads Collection	Camino®	Camino®
Panga	®	Duffel	Camino®	Panga®	Tocayo	Crossroads	Crossroads		Carryall 20a Carryall 50a	SideKick Dry®
	Carryalla Backpack	Backpack	Backpack	Tote Bag	Camino®		Tan	1L / 6L
								Carryall 35 2.0a		Panga®

LoadOut® Bucket

LoadOut GoBox

GoBox 15/30/60

Hondo® Base	Lowlands
Camp Chair	Blanket	Trailhead	Boomer	4
		Dog Bed	Trailhead
	Boomer	8			Camp Chair

1. 2023 launches excludes the introduction of redesigned Hopper M20 Backpack 2.0 and Hopper M30 3.0.
2. 2024 year-to-date launches.

Note: Images are illustrative and not fully comprehensive of all specific launches and iterations.

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DRINKWARE EVOLUTION

2017

2018

2019

2020

2021

2022

2023

20241

Drinkware

Colored

Drinkware

26 Oz.	Jug
Bottle

Jr. Kids	12 Oz.
Straw Bottle	HotShot

10 Oz.	26 Oz.
Tumbler	Stackable

Chug Bottles

26 Oz.	Travel
Straw Cup	Mugs

18 Oz.	46 Oz. / 64	Oz.
Hotshot	Bottles

25 Oz. / 35 Oz.

Straw Mugs

26 Oz. Straw	Yonder
Bottles
Bottle
0.75L / 1.0L

4 Oz. / 6 Oz. / 8 Oz.

Stackable Cups and Mugs

Yonder Bottles	18 Oz. / 26 Oz.
w/ Tether Cap	Color-Match
0.6L / 1.5L	Straw Caps

14 Oz. Stackable Stackable Lowball

16 Oz. / 20 Oz. / 30 Oz.

Stackable

36 Oz. / 64 Oz. French Press

14Oz.

Mug

Wine Stackable

Tumbler Pint

10 Oz.	24 Oz.
Stackable
Mug
Mug

New Colster

Sizes

International

Colsters

42 Oz. Straw

Mug

Mug

Brick

Ice Scoop

Ice/Beverage Cocktail Wine

Bucket Shaker Chiller

1. 2024 year-to-date launches.

Note: Images are illustrative and not fully comprehensive of all specific launches and iterations.

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