#1DELTA EST. 1903 P ARADIS Salt life CALLING DELTA APPAREL, INC. INVESTOR PRESENTATION MARCH 2022#2Forward Looking Statements DELTA EST. 1903 • • • This presentation, related remarks, and responses to questions may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect the Company's current expectations regarding future events and involve risks and uncertainties. Although we believe that our expectations are based on reasonable assumptions, actual results could differ materially from those projected in this presentation. You should not unduly rely on forward-looking statements. Please refer to the written materials made available to you in connection with this presentation as well as the Company's most recent Form 10-K and other SEC filings for a more detailed discussion of some of the risks that could cause actual results to differ materially from those indicated in the forward-looking statements. Finally, please note that any forward-looking statements are made only as of the date of this presentation and the Company expressly disclaims any obligation to update or revise these statements after the presentation to reflect additional events or circumstances or the occurrence of unanticipated events, except as may be required by law. Delta Apparel, Inc. Investor Presentation - March 2022 2#3Delta Apparel, Inc. Public Company June 2000 DELTA EST 1903 Silt life Salt Life Exclusive License December 2010 Silt life Salt Life Acquired August 2013 COAST Coast Apparel Acquired August 2016 Silt life Launch of Salt Life Beer June 2018 Silt life Salt Life Beer To License Mode 2021 DELTA EST. 1903 COAST Coast Divestiture September 2021 2000 | LAGER | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 POWERED BY ART GUN Art Gun, LLC Acquired December 2009 Delta Apparel, Inc. Investor Presentation - March 2022 SOFFE Soffe integrated into Activewear DTG2GO DIGITAL PERFECTION Services June 2021 DTG2Go Acquired March 2018 SSI Acquired October 2018 ^ AUTOSCALE. Autoscale Acquired June 2021 3#4DLA Strong Recovery 94% 94% 60% % of 2019 Sales 108% 93% 106% 109% 106% 100% 2020 Q1 2020 2020 2020 2021 2021 2021 2021 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2022 Q1 Delta Apparel, Inc. Investor Presentation - March 2022 DELTA EST. 1903 4#5CHANNELS PRODUCTS DELL DELTA DELIA Delta Direct Brand Direct Retail Direct DTG2GO Silt life Delta • Delta Platinum Custom garments Supply chain partner • Delta . Delta Platinum • Soffe . Soffe ⚫ Delta • Delta Platinum • Soffe Salt Life . Delta sourced • Decals . Sourced brands • Retail brands • Sourced brands • Sourced fashion • Other brands • • Sourced accessories • Licensed restaurants Retail license • Global & regional brands • Regional screenprint • US Military • • • ASI/ Promotional eRetailers Team dealers • Licensed beer Brick and mortar • eRetailers • Retailers retailers • eCommerce platforms • Wholesalers . eCommerce . Brands • eCommerce • Retailers • IP holders Vertically-Integrated Supply Chain DELTA EST. 1903 LIA Delta Apparel, Inc. Investor Presentation - March 2022 SOFFE VANS carter's Walmart KOHL'S amazon HYBRID APPAREL JIFFY SHIRTS.com UNDER ARMOUR CUSTOM INK 5#6Manufacturing Expansion Strategies DELTA EST. 1903 Honduras • Increase textiles by 150k lbs/week (~10%) Expand open-width fabrics Fleece expansion Increase sew capacity El Salvador • Grow sew capacity • Expand screenprint Mexico • • CAMPECHE Cut and Sew: Expansion underway Screenprint: Recent growth to continue EL SALVADOR Delta Apparel, Inc. Investor Presentation - March 2022 HONDURAS 6#7How Do WE GROW FROM HERE?#8Current Manufacturing Expansion CAB-CON RED DELTA EST. 1903 FABCON STEAM DRYER JUMBO KNITTING TENTER FRAME JUMBO HIGH SPEED BATCHER Weekly Textile Lbs 1,167 1,121 1,133 1,141 1,077 1,129 1,150 1,020 1,300 FY20 FY20 FY20 FY21 FY21 FY21 FY21 FY22 FY23 OCT FEB SEPT Q1 Q2 Q3 Q4 HISTORICAL Delta Apparel, Inc. Investor Presentation - March 2022 1,600 1,800 FY24 FUTURE EXPANSION 8 00#9Current Manufacturing Expansion Weekly Textile Lbs 1,800 Weekly Sew Dozens 1,300 1,300 1,600 FY22 FY23 FY24 FUTURE 301 289 411 341 65 Screen Print 83 98 122 FY22 FY23 FY24 FUTURE FY22 FY23 FY24 FUTURE Addition of 2nd tenter frame for open-width fabric, upgrade of knitting equipment for jumbo rolls, and addition of tubular dryer Delta Apparel, Inc. Investor Presentation - March 2022 Addition of floor space in TLP already in service yielding 10% additional capacity Addition of 18 color machines are already in service DELTA EST. 1903 9#10DTG 2GO DIGITAL PERFECTION DTG2Go Developed and Implemented Digital-First Strategy • Technology systems Cutting edge order processing API integration with any potential partner • Research and Development • - - Technology and equipment adoption Quality control systems specific to client requirement Quality systems and R&D implementation • New beta test sites • New equipment adoption and implementation - Currently installing in 4 DTC print locations • Onboard new customers adopting this technology • Quality and aesthetics best in class Delta Apparel, Inc. Investor Presentation - March 2022 10 10#11On-Demand Solutions for Brands and Retailers Brick and Mortar Challenges DTG2Go's "Digital First" Retail Solution On Demand Economy: . Keeping up with the ever-changing consumer expectations Negative impact of stock outages Consumer selection: ⚫ Limitless selections for consumers, including personalization options • Never out of stock Merchandise limitations: • • Balance between selection and excess inventory; working capital requirements Product consistency across omni-channel sales opportunities Integration across eCommerce and retail doors for product returns and replenishments . . • Markdowns and excess inventory: Significant lost margins from liquidating excess inventory Delta Apparel, Inc. Investor Presentation - March 2022 DTG 2GO DIGITAL PERFECTION Seamless fulfillment: • Integrated "On Demand DC" avoids split shipments, reducing freight costs, and improving consumer experience Retail packaging, including UPCs allow consumers a seamless eCommerce to retail door experience "Digital-first" model offers indistinguishable quality across production methods: digital, hybrid, screenprint Broad supply chain: • Access to DTG2Go's network of 9 fulfillment facilities; reduces risk in supply chain 11#12Silt life Sitlife#13Strong Recovery 95% 94% 53% 114% % of 2019 Sales 137% 109% 98% Siltlife 124% 121% 2020 Q1 2020 2020 2020 2021 2021 2021 2021 2022 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Delta Apparel, Inc. Investor Presentation - March 2022 13 13#14Salt Life Branded Retail Huntington Beach, CA San Clemente, CA • Current 15 • Future - 5 Delta Apparel, Inc. Investor Presentation - March 2022 Texas City, TX Siltlife Rehoboth Beach, DE Myrtle Beach, SC Charleston, SC Columbus, GA Hilton Head Island, SC Foley, AL Tampa Bay, FL Sarasota, FL Estero, FL Jacksonville Beach, FL Daytona Beach, FL ● Orlando, FL Key West, FL. Palm Beach Gardens, FL Boca Rotan, FL Ft. Lauderdale, FL 14#15Salt Life Branded Retail $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 FY17 ■ Atlanta GA ■ Orlando FL ■ Key West FL FY18 Savannah GA Huntington Beach CA ■Daytona Beach FL Delta Apparel, Inc. Investor Presentation - March 2022 Store Sales Siltlife FY19 Columbus GA ■Jacksonville FL ■Tampa FL FY20 Myrtle Beach ■Charleston SC Destin FL FY21 ■San Clemente CA ■Palm Beach FL Estero FL 15#16Salt Life Branded Retail FINANCIAL OVERVIEW Salt Life currently has 15 branded retail doors spanning Florida, Georgia, South Carolina, Texas and California. What began as a marketing initiative has proven to be a compelling growth opportunity for the Salt Life brand. $825k $400k $1,600k $550k $85k Marketing Doors (4) Average Doors (6) Top Doors (2) SALES EBIT RETAIL DOOR OVERVIEW RETAIL SPACE ~ 2,000 Square feet retail space 2 ~ $450k Build out cost LT LIF ~$500 Average sales/ sq. ft. ~$100k 18% 6-8 Average inventory per store FY22 Q1 Same store growth Expected new doors per year Delta Apparel, Inc. Investor Presentation - March 2022 SALT LIFEY Silt life 16#17Salt Life Consumer Engagement #1 Social Media Activity YouTube Sitlife #3 Ranked Social Media Engagement #8 Ranked Website Engagement f YouTube Tweets Per Year Posts Per Year Videos Per Followers/Views per Revenue Dollar Pages per Visit Bounce Rate Visit Duration: Year (min.) 1 Sillife 4,983 788 2 VANS 4,542 450 187 ཚ[8] 1 JIMMY CHOO 28 4 11 142 1 5.7 36% 10.3 HOLLISTER 2 33 7 9 106 2 Abercrombie & Fitch 5.6 36% 10.4 VERSACE 3 EXPRESS 2,624 795 38 3 Sitlife 9 2 32 988 3 Supreme 8.7 40% 11.1 4 GUESS 3,881 559 51 4 5 2 12 79 4 VICTORIA'S SECRET 6.5 39% 10.5 SOUTHERN TIDE 5 2,342 562 44 46 5 Calvin Klein 8 1 5 79 19 5 RALPH LAUREN 5.7 37% 9.1 6 Columbia 2,275 315 60 60 6 MICHAEL KORS 5 1 6 47 6 EXPRESS 6.3 38% 9.2 7 2,197 339 49 49 7 VICTORIA'S SECRET 13 2 5 38 88 7 5.9 36% 8.2 8 PUMA 6,080 329 22 27 8 VANS 5 0 5 99 8 Sift life 7.6 41% 9.0 MOUNTAIN 9 patagonia 1,736 313 88 88 9 HARD 9 1 4 58 9 5.0 37% 8.3 WEAR prAna 10 20 2,311 518 21 10 BURBERRY 5 2 5 40 40 10 7.2 38% 74 7.1 prAna Note: Based on summary of 65 leading lifestyle brands (a) Numerator represents followers for Instagram, Twitter, and Facebook; Numerator represents views for YouTube Delta Apparel, Inc. Investor Presentation - March 2022 17#18eCommerce Platform Upgrades Siftlife GET OUTSIDE FREE SHIPPING SITEWIDE USE CODE FREESHIP THRU 2/28 SHOP NOW Trending Now The History and Service of the Marine Park SALT LINE Retail Stores Stay Tak P Start Se Sky New Siltlife Men's New Arrivals Captain Directory Use sur Chaner Canded for yo Captain ABOVE MANDU BELOW A SALT LIFE PODCAST DELTA APPAREL Brand Delta Collections Soffe Collections - Categories- Colors Sale EXTREME WEATHER CONDITIONS MAY CAUSE SHIPPING DELAYS THE ONE-STOP SHOP FOR ALL YOUR APPAREL & ACCESSORY NEEDS EXPLORE BRANDS DELTA EST. 1903 Perry Callaway Delta Pro Wight Duta Face PERRY ELLIS APPAREL Calloway Appe Calaway Apparel Penguin Above and Below: A Salt Life Podcast Original Penguin Appa Original Penguin Appen SYN OOKBAGY Delta Apparel, Inc. Investor Presentation - March 2022 SOFFE FREE SHIPPING OVER SO SOFFE PERFORMANCE WOMEN BEST SELLERS SOFFE KIDS CLASSICS THAT CRUSH IT The Shangth 14 In Ut MEN 18#19DLA Sales Growth $119 $119 $111 $112 $109 $102 $103 $100 $97 $96 $95 $90 Qtr 1 Qtr 2 $72 Qtr 3 ■ FY18 ■ FY 19 ■ FY20 ■FY21 ■ FY22 (in millions) Delta Apparel, Inc. Investor Presentation - March 2022 $93 $106 DELTA EST. 1903 $117 $114 Qtr 4 19#20DLA Sales Growth Sales EBIT $385.1 $395.4 $436.8 $431.7 $381.0 (in millions) FY17 FY18 FY19 FY20 FY21 Delta Apparel, Inc. Investor Presentation - March 2022 $32.7 EPS $17.4 $16.2 $15.9 $1.33 $1.17 (in millions) ($7.1) DELTA EST. 1903 $0.18 ($1.53) $2.86 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 20#21DLA Financial Highlights Balance Sheet AR, Net DSO Inventory, Net Ave Inv Turns DELTA EST. 1903 December FY22 Capital Expenditures FY22 Q1 Anticipated Total Delta Apparel $1.2m $14m $15.2m 65,243 49 Salt Life $0.6m $4m $4.6m 183,058 Total $1.8m $18m $19.8m 2.2 Total Net Debt, incl Seller Note & Cap Lease 145,940 • Textile expansion Equity 164,981 . Sewing expansion Debt/Capital 47% • Screen print Debt/TTM EBITDA 2.9x • Digital print YTD Capital Spending YTD Stock Repurchases Delta Apparel, Inc. Investor Presentation - March 2022 1,822 • Innovation/R&D and IT infrastructure 2,154 • Salt Life retail expansion 21#22DLA Stock Comparison 1,700.0% 1,500.0% 1,300.0% 1,100.0% 900.0% 700.0% 500.0% 300.0% 100.0% -100.0% Jul 2000 From July 3, 2000 to February 25, 2022 ли www DLA $2.19 Delta Apparel, Inc. Investor Presentation - March 2022 DLA S&P 500 DELTA EST. 1903 Feb 2022 DLA $30.80 +1,306% +198% 22#23PARADISE alt м 'S Life CALLING DELTA EST. 1903 DELTA APPAREL, INC. Q&A