Slide 1: Positioning for the Future: Restructuring and Other Initiatives Responding to Pressured Macro Industry Conditions
Positioning for the Future Restructuring and Other Initiatives Responding to Pressured Macro Industry Conditions Exhibit 99.2 1 CULP Logo
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934).
Slide 3: Financial and Business Implications of FY25 Restructuring Plan
Financial and Business Implications of FY25 Restructuring Plan Consolidated CHF North American Fabric Operations Winded Down and Closed Operations in Quebec, Canada Moved Knitting and Finish Capacity to Stokesdale, NC Optimized Capacity and Overhead in North America in One Facility (NC) Transitioned
Slide 4: Restructuring Success: Completed in 1 Year as Planned
Second Half Fiscal 25 (November 2024 – April 2025) Fiscal Q2 25 (August – October 2024) Fiscal Q1 25 (May – July 2024) Restructuring Success: Completed in 1 Year as Planned Major restructuring actions announced in early May Communicated phased closure of Canadian mattress fabrics facility to affecte
Slide 5: FY25 Restructuring Actions Driving Operating Improvement in a Challenging Industry Sales Environment
FY25 Restructuring Actions Driving Operating Improvement in a Challenging Industry Sales Environment 1. Total Revenue and Total Gross Profit referenced in the table above constitute Culp, Inc.’s consolidated net sales and consolidated gross profit, respectively, for the fiscal year 2024 and fiscal y
Slide 6: FY26 Additional Actions Responding to Prolonged Industry Slowdown
FY26 Additional Actions Responding to Prolonged Industry Slowdown – Integration, Consolidation and Price Initiatives $5 to $6 Million in Projected Annualized Benefits Integration of Stand-Alone Divisions to Synergize/Harmonize Business and Leadership Teams Division Presidents transitioned to Company
Slide 7: Liquidity and Access to Capital in Place
Liquidity and Access to Capital in Place Liquidity remains sufficient to navigate current environment. Recently extended domestic credit facility for additional three years at market rates. Owned U.S. real estate provides significant source of additional liquidity if needed Utilized some borrowing d
Slide 8: What Gives CULP Confidence in Restructuring Plan / Recovery?
What Gives CULP Confidence in Restructuring Plan / Recovery? Key Success Factors Experienced leadership team focused on profitable growth Successfully navigated significant restructuring of upholstery business beginning in early 2000’s Available liquidity to support growth Strong relationships with
Slide 9: Logo
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