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Investor Presentaiton

Delta Apparel, Inc. FY20 Near Term Opportunity Sales $381 million 8-10% CAGR $500 million EBITDA $28 million EBITDA % 7% DTG2Go 22-24% Salt Life 14-16% Activewear 10-12% $56 million 11% Net Debt $122 million Free Cash Flow $10 - 15M $100 million DELTA EST. 1903 * FY20 results, adjusted for $25M of pre-tax expenses associated with the impacts from the COVID-19 pandemic and primarily related to the curtailment of manufacturing operations ($12M), incremental costs to right size production to new forecasted demand ($3M), increased accounts receivable and inventory reserves related to the heightened risks in the market as the U.S. continued its recovery ($7M), and other expenses ($3M). Delta Apparel, Inc. Investor Presentation - March 2021 22
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