Pro Forma Financials and Market Positioning slide image

Pro Forma Financials and Market Positioning

Scale Player in Salty Snacks and #2 in Core Geographies 2019 U.S. Salty Snack Retail Sales ($ in millions) DSD(4) $16,047 $1,235 $1,094 $972 Core (1) U.S. Rank Share Rank Share Total Salty Snacks #2 7% #4 4% Potato Chips #2 12% #4 6% ~$2,000 Pork Skins #1 23% #3 12% $1,459 Cheese #2 7% #2 4% Pretzels #2 17% #3 10% $569 $492 $400 $260 $196 $195 $187 $171 $170 $145 $116 (2) Y PepsiCo Campbell's Kellogg's Utz General 00 BRANDS (3) Grupo Hershey's Hain Arca Herr's Truco Gruma Conagra Mars Mills Bimbo Celestial Cont. Old Dutch All Other Branded Private Label ✓ × ✓ 2 ✓ 2 × ✓ N Y N Y N Y Y Y N N Y N Y DSD Network Utilizes Partner's DSD Network × No DSD Network Category Diversification(4) Y Source: IRI MULO-C data (52-week period ended 12/29/2019). 1). Core geographies mean legacy Northeast and Mid-Atlantic regions of Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Virginia, and Washington D.C. as well as Alabama, Illinois, Oregon, and Washington where Utz has acquired strong regional brands and distribution capabilities in recent years. See page 25. 2). Adjusted to include the full year impact of the Conagra Snacks and Kitchen Cooked acquisitions. 3). Adjusted to exclude the full year impact of brands acquired by Utz. 4). Based on management estimates and judgement. utz BRANDS SM 12
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