The Urgent Need for Change and The Superior Path Forward

PRIORITY #1: STRATEGIC REVENUE OPPORTUNITIES In contrast to the lack of organic growth over the past decade, we see a clear path to realize rapid incremental revenue and effectively grow Synalloy's in-place assets PRIVET FUND $ in millions UPG STRONGER TOGETHER No Organic Revenue Growth in 9 Years $305.2 1. Source: Company filings $170.6 2011 11% Decline Organic Revenue Acquired Revenue $153.4 $151.8 01. 02. 03. 04. 05. 2019 Our slate will focus on immediate revenue opportunities to improve near-term financial results, while longer-term strategic growth initiatives are developed Our Plan To Strengthen Synalloy 78

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