Pro Forma Financials and Market Positioning

Continue Strategic Acquisitions Proven Track Record Acquisition-Savvy Management Team and Experienced Board Near-Term Acquisition Criteria A. Focus on Branded Snacking in the U.S. with Concentration on Salty Snacks - Facilitate Geographic Expansion - Increase Presence in Sub-Categories - Enhance Growth Scalable M&A Platform Significant Synergy Opportunities Driven by Highly Leverageable Manufacturing and Distribution System B. Deliver Strong Synergies Robust Pipeline & Favorable Competitive Dynamics Utz is Logical Consolidator in Category with Numerous Opportunities ■ Smaller Tuck-ins Transformative / RMT Vehicle butz BRANDS SM Financial Priorities ☐ Accretive and Multiple Enhancing ☐ Consistent with Target Leverage Policy 27 27

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