D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

DeltaApparel,Inc.InvestorPresenta�onDecember 8, 2016

D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

ForwardLookingStatements This presenta�on contains “Forward Looking” statements which reflect the Company's

current expecta�ons regarding future events and which involve risks and uncertain�es.

Althoughwebelieve thatour expecta�ons arebasedon reasonable assump�ons, actual

resultscoulddiffermateriallyfromthoseprojectedinthispresenta�on.

 Please refer to the wri�en materials made available to you in connec�on with this

presenta�onaswellas theCompany’smostrecentForm10-KandotherSECfilings fora

more detailed discussion of some of the risks facing the Company that could affect the

forwardlookingstatementsinthispresenta�on.

 Finally,pleasenotethatany“ForwardLooking”statementsaremadeonlyasofthedate

of this presenta�on and the Company does not commit to update or revise these

statementsevenifitbecomesapparentthatanyprojectedresultswillnotberealized.

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

. . . an international design, marketing, manufacturing and sourcing company that features a diverse portfolio of lifestyle basic and branded activewear apparel and headwear.

.biz

DeltaApparel,Inc.

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

DeltaApparel,Inc.

High-EndDepartment

DepartmentStores

Mid-TierRetailers

Mass

StrategicSpor�ngGoods

OutdoorRetailers

Independents

TeamDealers

Bou�ques

Resorts/Des�na�ons

SpecialtyRetailers

Military

Interna�onal

BrandedPrivateLabel

Ver�calRetailers

RetailLicensing

Screenprinters

eRetailers

BrandedWebSites

RetailStores

FlashSites

Sell to Nearly 12,000 Customers

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

BroadDistribu�onChannelsDepartment

Stores Sporting Goods/

Outdoors Private Label

Brands Military

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Specialty/ Boutiques eRetailers

Resorts/ Destinations

Direct-to-Consumer Web & Retail Stores

ClassicCraze

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BroadDistribu�onChannels

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

Posi�veMomentum

  StreamlinedDecision-MakingandInforma�onFlow  IncreasedProduc�oninLowerCostFacili�es  Ra�onalizedNon-StrategicAreas–  ClosedCanadaDistribu�on–  SoldThe Game Business

  De-LeveredtheBalanceSheet  FocusedManagementonStrategicAreas

FY15StrategicIni�a�vesCompletedReduced Fixed Costs by over $8 million

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

Posi�veMomentumFY16ManufacturingAlignmentCompletedReduced Manufacturing Costs by $8 million

  ExpandedProduc�oninCentralAmerica–  CapitalInvestmentof$7million

  Tex�le,sewandscreenprintexpansion–  CeasedUSTex�leProduc�on

  Expensed$2.8millioninFY162ndhalf  Sourcedomes�cfabricforUSA-madeprograms

–  AlignedResourcesinCampeche,Mexico  Sourcefabricin-country  Consolidatedsewopera�ons  Providequick-turnprintandpackagingprograms

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

Posi�veMomentum  FY16Qtr4SalesGrowthof2.5%*–  SaltLifeandArtGun:Double-DigitGrowth–  Ac�vewearandSoffe:Single-DigitGrowth

  ExpandedAnnualGrossMargins250BasisPoints–  FY16GrossMarginsof22.2%

  FY16DilutedEPS$1.41**–  147%GrowthoverFY15***

  Opened3PLDistribu�onCenterinChicago  AcquiredCoastApparel  OpenedSaltLifeRetailStore–  SanClemente,California

* Prioryearadjustedforbeing14-weeksalesquartercomparedtoFY16beinga13-weeksalesquarter** Adjustedformanufacturingrealignmentcostsof$2.8million,or$0.29perdilutedshare***FY15adjustedforthe$0.43persharegainonthesaleofThe Game

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

  StrongSalesGrowth–  ProductExtension

  Performanceproducts  Lifestyleofferings

–  GenderExpansion  Juniors  Kids

–  GeographicDevelopment

  Double-DigitOpera�ngProfit

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

SaltLife–San Clemente, CA

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

SaltLife–San Clemente, CA

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

SaltLifeMedia

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

Posi�veMomentum–ArtGun

  Innova�veTechnology  StateoftheArtEquipment

—  14KornitAUK1000s  MassCustomiza�onCapacity

—  40%IncreaseinCapacityforFY17Growth  QualityAssurance  SpeedtoMarket

eCommerceDigitalPrint&Fulfillment

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

Coastisawayoflife.It’sanattitude.Anoutlookthatyouprojecttoothers.Nomatterwhereyouareintheworld...Nomatterwhoyouare...Nomatterwhatyouaredoing...Youcanalwaystapintothecoast.Youcanputyourfeetinthe

sand.Smellthesea.Feelthesunonyourskinandthebreezeinyourhair.Withfriends,familyandlovedones,it’sendlessgoodtimes...Atyourpace.

ARE YOU READY TO COAST?

WHY RUSH THROUGH

LIFE WHEN YOU CAN

COAST?

Posi�veMomentum–Coast

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

SolidBalanceSheet

  De-LeveredtheBalanceSheet  CapitalSpendinginFY16of$14.7million–  Depr&Amort,includingNon-CashComp,of$11.9million

  StockRepurchasesinFY16of$3.5million–  ExpecttoCon�nueRepurchasesinFY17

  ExecutedU.S.CreditFacility–  ExtendedAgreementtoMay2021–  LoweredInterestExpenseby50BasisPoints

  RenewedUniversalShelfFiling–  Increasedto$150million

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

DLAStockPriceHistory

Stock Price ~88% of Adj. Book

Value

$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

StockPrice Adj.BookValue

200020022004200620082010201220142016

As of December 1, 2016

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

(100%)

100%

300%

500%

700%

900%

1100%

1300%

DLAStockPrice S&P500Index

872%

53%

DLAStockPriceHistory

As of December 1, 2016

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D E L T A A P P A R E L , I N C . www.deltaapparelinc.com

EXECUTIVEOFFICES

DeltaApparel,Inc.322S.MainStreetGreenville,SC29601

Office:(864)232-5200Fax:(864)232-5199

RobertW.HumphreyChairman & CEO DeborahH.MerrillCFO and President, Delta Basics

CONTACTS

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