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Disclosure Regarding Forward-Looking Statements
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Chairman of the Board
President and Chief Executive Officer
Executive Vice President and Group President - Retail Stores
President and Chief Executive OfficerFoot Locker/ Lady Foot Locker/ Kids Foot Locker/ Footaction
President and Chief Executive OfficerFootlocker.com/Eastbay/CCS
Executive Vice President
Chief Financial Officer 2
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2009 - 2011
2009 2010 2011 B/(W)
Sales 4,854$ 5,049$ 5,623$ 769$
Comp store sales -6.3% 5.8% 9.8%
Gross margin 1,332 1,516 1,796 464Gross margin rate 27.4% 30.0% 31.9%
SG&A expenses 1,099 1,138 1,244 (145)Depreciation and amortization 112 106 110 2Impairment Charge 41 10 5 36Interest / other income 7 5 2 5
Pretax profit, GAAP basis 73$ 257$ 435$ 362$Income Tax Expense 26 88 157 (131)
Income from continuing operations 47$ 169$ 278$ 231$
et ncome 7
Earnings per share: 0.30$ 1.07$ 1.80$ 0.73$
Cash and cash Equivalent 589$ 696$ 851$ 262$Long Term Debt 138 137 135 3
Cash Position, net of Debt 451$ 559$ 716$ 265$
Operating Cash Flow 346$ 326$ 497$ 151$Capital Expenditures 89 97 152 (63)
Free Cash Flow (Non GAAP) 257$ 229$ 345$ 88$
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2009 - 2011
+ 16 %
2009 - 2011
+ 22 %
Sales ($M)
$4,854$5,049
$5,623
$4,000
$4,500
$5,000
$5,500
$6,000
2009 2010 2011
Sales Per Square Foot
$333
$360$406
$0
$100
$200
$300
$400
$500
2009 2010 2011
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EBIT Margin
2.8%
5.4%
7.9%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
2009 2010 2011
Net Income Margin
1.8%
3.4%
5.0%
0.0%
2.0%
4.0%
6.0%
2009 2010 2011
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Apparel/Accessories Penetration
30.7%
28.0% 27.5%
26.3%
24.8% 23.7%22.8% 22.8%
23.6%
20.0%
24.0%
28.0%
32.0%
2003 2004 2005 2006 2007 2008 2009 2010 2011
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100%
Top 5 Total
Footwear andApparel Sales
FootLockerbanners
FL/ LFL
FL/ LFL
Foot w ear ( $1 0B) A p p ar e l ( $ 1 0 B ) &(*)#
$ ! 36
Other retailers with
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2010-11 NFHS Participation by Sport
Track & Field
1,637K
Football -
1,136K
Basketball -
985KSoccer - 760K
Baseball - 472K
Volleyball -
459K
Softball - 401K
Other
Boys/Girls -
1,820K
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Develop field sales forceExpand assortmentStrengthen private label capabilityProvide online tools for coaches and teams
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Direct-to-Customer Sales
300
350
400
450
500
550
2007 2008 2009 2010 2011
2009 - 2011
CAGR = 12.4%
Direct-to-Customer Sales Penetration
6.0%
7.0%
8.0%
9.0%
10.0%
2007 2008 2009 2010 2011
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New Merchandise IdeasNew Formats
The Locker Room, U.K.
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Sales / GSF
$372 $352 $350 $333$360 $406
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
2006 2007 2008 2009 2010 2011
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ROIC Rate
5.3%
8.3%
11.8%
0%
2%
4%
6%
8%
10%
12%
14%
2009 2010 2011
SG&A Rate
22.6% 22.5%
22.1%
18%
19%
20%
21%
22%
23%
2009 2010 2011
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*Adjusted, excludes impairment
5-Year
2011 Objective
Gross Margin Rate 31.9% 33% - 34%
SG&A Rate 22.1% 20% - 21%
Depreciation Rate 2.0% 2.0%
EBIT Profit Rate 7.9%* 11.0%
Net Income Rate 5.0%* 7.0%
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