Pro Forma Financials and Market Positioning
Pro Forma Financials Reconciliation
Pro Forma Adjusted EBITDA Reconciliation
Historicals
Projections
Historicals
2017A
2018A 2019A
2020E 2021E Q1'19A Q1'20A
Net Sales (GAAP)
$707
$772
$768
$927
$928
$178
$228
Pre-Acquisition Net Sales (1)
97
26
Net
Impact of 53rd Week
(17)
Sales
Pro Forma Net Sales
$707
$772
$866
$910
$928
$204
$228
Independent DSD Operator Discounts
40
58
77
82
93
17
21
Pro Forma Adj. Net Sales
$747
$830
$943
$992
$1,021
$222
$249
Adjusted EBITDA
$73
$80
$93
$124
$133
$18
$29
Pre-Acquisition EBITDA (1)
10
3
Acquisition Synergies
(2)
7
5
1
2
2
EBITDA
Public Company Costs
(3)
(2)
(1)
(1)
Impact of Utz 53rd Week
I
(3)
Pro Forma Adjusted EBITDA
$73
$80
$108
$124
$134
$22
$30
Note: Dollars in Millions.
1). Includes Conagra Snacks and Kitchen Cooked pre-acquisition contribution.
2). Includes Conagra Snacks synergies in addition to synergies related to the acquisition of Kitchen Cooked.
3). Full year impact of anticipated incremental public company costs.
utz
BRANDS
SM
40
40View entire presentation