Investor Presentaiton

FY20 Reflections: Profitability and Liquidity Gross Margin (adjusted)* 21.8% Operating Income (adjusted)* $18.1m +210bps +$0.7m 1089 Diluted EPS (adjusted)* $1.22 ($0.15) Operating Cash Flow $31.8m +$22.4m ■ Manufacturing efficiencies and process improvements Higher mix of direct-to-consumer sales ■ Effective pandemic-initiated cost control and cash management ■ Favorable product mix ■ Lower raw material prices * See page 23 for reconciliation of reported results to adjusted financial measures Delta Apparel, Inc. Investor Presentation - March 2021 Liquidity $47.1m +$19.9m 5

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