Pro Forma Financials and Market Positioning

Reduce Costs and Enhance Margins (Cont'd) Expected Financial Impact Procurement Manufacturing Processes ■ e-Auctions ■ Group Purchasing ■ Product Design ■LEAN/CI Projects ■ Raw Materials Waste/Giveaways ◉ Forecasting and Scheduling Ongoing Annual Productivity Savings of 3-4% of COGS A. Drive Productivity Manufacturing Footprint ■ Plant Optimization ■ Network Optimization Distribution ■ Route-to-Market Efficiencies ■ Final IO Conversion G&A ■ ERP Efficiencies Supply Chain Opportunities Identified with $50 million Potential Over Three-Year Period B. Optimize Revenue and Trade ■ New Trade Management Software in 2020 Leverage Insights from ERP Rollout ■ Price Pack Architecture Initiatives ~25bps per Annum Over 3 Years C. Improve Margin Mix butz BRANDS SM ■ Grow Higher-Margin Power Brands ■ De-emphasize Lower-Margin Private Label/Partner Brands ~30bps per Annum 22 22

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