Pro Forma Financials and Market Positioning

Utz a Perfect Fit for Executing CCH's Operating Playbook Support Top Management • Fully Integrated • Strong Synergies • Multiple Enhancing Pinnacle butz BRANDS 2007 - 2017 2011 - 2019 Acq. Made 5 11 Syn.% 7.6% 8.1% Net Sales Build Platform with Strategic Acquisitions Reinvest to Accelerate • Portfolio Strategy • Marketing/Sales Optimization • New Product Innovations • Distribution Expansion Revenue Growth • Productivity Process Reduce Costs and Expand Margin • Capacity Optimization • High ROI Investments • Lean Overhead Prod. % COGS Pinnacle FOODS INC 2007 2017 butz BRANDS Today Future -2% -4% <1% 3-4% EBITDA 15.3% 21.5% Margin (1) 12.4% Mid- teens Marketing Spend (% Net Sales) Pinnacle butz FOODS INC BRANDS SM 2007 ~2% 2017 Today Future 3-4% ~1% 3-4% Five Consecutive Years of Composite Market Share Gains at Pinnacle Source: Management estimates and company filings 1). Represents Adjusted EBITDA as % of Net Sales for Pinnacle. Represents Pro Forma Adj. EBITDA as % of Pro Forma Net Sales for Utz. utz SM BRANDS 7

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