The Urgent Need for Change and The Superior Path Forward

OUR DETAILED ANALYSIS: SUBSTANTIAL OPPORTUNITIES EXIST TO IMPROVE SYNALLOY'S PERFORMANCE $ in millions We believe there is a $30 million EBITDA improvement opportunity through a renewed focus on operational execution PRIVET FUND UPG STRONGER TOGETHER $30 million EBITDA Opportunity $13.5 2019 Reported Adjusted EBITDA $2.6 Metals Partnership Revenue Detailed Pro-Forma Adj. EBITDA Bridge $0.7 Revenue $2.6 Supply Chain Savings Chemicals Capacity Utilization $5.8 COGS Inventory Management $11.5 Manufacturing Efficiency $4.4 Corporate Overhead 01. 02. 03. 04. 05. SG&A Our Plan To Strengthen Synalloy $2.4 Manufacturing Support $43.4 2019 Pro-Forma Adjusted EBITDA 75

View entire presentation