Pro Forma Financials and Market Positioning
Reduce Costs and Enhance Margins
Company Positioned for Significant Ramp-Up in Cost Savings and Margins
Business
Transformation
People,
Processes,
and Systems
in Place
■ Eleven Acquisitions Successfully Integrated
- 4 to 14 Manufacturing Facilities
- SKU Count Expanded ~50%, Net of Rationalizations
■ DSD Converted to Independent Operators
Upgraded Management and Dedicated Continuous
Improvement Resources
■ Manufacturing and Trade Management Systems Implemented
■ Single, Upgraded ERP System Underway
■ Constrained by High Leverage as Private Company
Utz Adj. EBITDA Margin (2)
12.4%
Mid-Teens
Capital
Available
■ After SPAC Business Combination, Capital Reallocated to
High ROI Productivity Initiatives
2019A
Pro Forma(1)
Target
CCH
Partnership
CCH Proven Productivity and Cost Savings Playbook
■ CCH Team to Actively Partner with Utz Management
Margin Target Reflects
Planned Increase in
Marketing and
Brand Support
1). Represents 2019A Pro Forma Adj. EBITDA as % of Pro Forma Net Sales.
2). See page 40 for reconciliation.
utz
BRANDS
SM
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