Tilly : 2022 ICR Conference Investor Presentation

TLYS 2022 ICR Conference Presentation

Safe Harbor Statement

This presentation, and responses to certain questions about this presentation, will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, particularly with regard to future financial and operating expectations, business plans and key initiatives. All such statements are subject to risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward- looking statements. Please see "Risk Factors" in our Annual and Quarterly Reports on Forms 10-K and 10-Q filed with

the Securities and Exchange Commission for a description of such risks and uncertainties. We urge you not to place

undue reliance on these forward-looking statements, which speak only as of the date of this presentation. We do not undertake any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. This presentation should be read in conjunction with our financial statements and notes thereto contained in our most recent Form 10-K for the fiscal year ended January 30, 2021 and our Form 10-Qs for the fiscal quarters ended May 1, July 31, and October 30, 2021.

Tillys at a Glance

• L e a d i n g s p e c i a l t y r e t a i l e r o f a p p a r e l ,

f o o t w e a r , a c c e s s o r i e s a n d h a r d g o o d s f o r

y o u n g a d u l t s , t e e n s a n d c h i l d r e n

• U n p a r a l l e l e d b l e n d o f

i c o n i c g l o b a l , e m e r g i n g a n d p r o p r i e t a r y b r a n d s

• 2 4 1 s t o r e s i n 3 3 s t a t e s a F Y 2 1 e n d ( ~ 5 7 % m a l l v s . ~ 4 3 % o f f - m a l l , 7 , 3 0 0

a v e r a g e s q u a r e f e e t )

• P r o f i t a b l e , g r o w i n g e - c o m m e r c e b u s i n e s s

~ 2 1 % o f F Y 2 1 n e t s a l e s 3 2 % o f F Y 2 0 n e t s a l e s ( p a n d e m i c i m p a c t )

1 6 % o f F Y 1 9 n e t s a l e s

• H Q i n I r v i n e , C A ,

f o u n d e d i n 1 9 8 2 , I P O i n

M a y 2 0 1 2

Reasons to Consider Investing in TLYS

• Strong track record of improving results over time
• Digital-firstapproach to merchandising driving greater consumer interest overall
• Ample opportunities for new store unit growth with flexibility in real estate formats
• Growing, profitable e-com business
• Consistent direct returns to shareholders
• Continuous reinvestment in the business

TLYS Fiscal 2021 Overview

• Successfully managed through the pandemic to enter FY21 with more cash/investments than entering FY20.
• 6th special cash dividend paid in December 2021
• • 5-yearaggregate of $5.70/share, or $170M, paid to shareholders.
• Store sales/SF of $331 on trailing 12-month basis thru November 2021 (best since 2012)
• Forecasted FY21 GM % of ~35.9% (best since 2007)
• Forecasted FY21 Operating Margin of ~11.4% (best since 2007)
• Forecasted FY21 EPS of $2.07-$2.10(all-time record)