The Urgent Need for Change and The Superior Path Forward

PRIORITY #3: ELIMINATE WASTEFUL SPENDING Facility Costs and Executive Expenditures ■ Sell the corporate jet Implementing administrative best practices can allow Synalloy's business unit managers to receive better support services that can be used to drive effective decision making at their businesses - all at a fraction of the current spend ▪ Sublet excess real estate Eliminate redundant executive positions ■ IT, Legal and HR Reduce in Synalloy ERP and related user spend Prioritize network and communication savings ▪ Combine benefits platforms ■ Finance, Accounting and Insurance ▪ Realize reduction in audit costs from new RFP Lower bank costs/fees Utilize UPG relationships to reduce D&O, worker's comp and general liability spend ■ ■ PRIVET FUND 01. 02. 03. 04. 05. UPG STRONGER TOGETHER Our Plan To Strengthen Synalloy $4.4 million in savings 89

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