Pro Forma Financials and Market Positioning
Summary Financials
($ in mm)
Net Sales
$707
$772
$928
$910
$866
(1)
(1)
2017
2018
2019
2020
2021
Pro Forma Adj. EBITDA
(% Net Sales Margin ♦)
$80
$73
$108
$134
$124
12.4%
13.6%
14.4%
10.4%
10.4%
(2)
(2)
(2)
2017
2018
2019
2020
2021
Net Sales
Growth
(3)
9.2%
12.1%
5.1%
2.0%
Pro Forma Adj.
EBITDA Growth
9.6%
34.3%
15.1%
8.1%
Organic Retail
3.5%
Sales Growth (4)
2.6%
5+%
3+%
1). Pro forma for the acquisitions of Conagra Snacks and Kitchen Cooked. Excludes impact of Utz's 53rd week. See pages 39 and 40 for reconciliation.
2). Pro forma for the acquisitions of Conagra Snacks and Kitchen Cooked. Excludes impact of Utz's 53rd week. Includes full run rate synergies. See pages 39 and 40 for reconciliation.
3). Growth rate reflects the impact of final IO conversions, which reduce Net Sales from independent DSD operator discounts and improve Adjusted EBITDA Margins from the elimination of fixed selling and administrative costs.
4). IRI MULO+C data (calendar years ending 2017-2019). Excludes the impact of acquired brands until a full year of Utz ownership is in the baseline.
utz
SM
BRANDS
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