The Urgent Need for Change and The Superior Path Forward
WE WILL CREATE AN EFFECTIVE INVESTOR
RELATIONS STRATEGY (CONT.)
PRIVET
FUND
Establish Trust
Build Credibility
1.
Execute
2.
3.
1.
2.
3.
4.
1.
Our Strategic Plan
Leverage Privet's institutional
network
Embrace open and honest
communication
Establish regular investor
touchpoints
1234
Alignment of interests
Specific articulation of long-term
goals
Do what we say we'll do!
2. Don't change the goalposts
3.
4.
Delineate very clear milestones
along the way
Ensure comprehensive disclosures
1.
Display clear business momentum
Amplify our results and story to
the right group of investors
2.
3.
1.
2.
3.
4.
1.
2.
01. 02. 03. 04. 05.
3.
Our Plan To
Strengthen Synalloy
EBITDA margins are lower now
than in 2011
$26 million of cumulative
inventory pricing losses
Credit profile has deteriorated
with an imminent risk of
covenant default
Execution + Effective Communication = Meaningful Share Price Appreciation
UPG
STRONGER TOGETHER
X
Synalloy's Results
No investor presentations
since August 2018
No sell-side research
Limited management or Board
public company experience
Management gets paid no
matter what
No disclosure of corporate jet
or director relationships
Missed guidance in four of the
past five years
No updated strategy
103View entire presentation