The Urgent Need for Change and The Superior Path Forward
PRIORITY #1: STRATEGIC REVENUE OPPORTUNITIES
■
We see near-term opportunities for Synalloy to increase revenue through a
partnership with UPG
■
UPG's customer base is meaningfully broader
than Synalloy's and, as interim CEO, Chris
Hutter can leverage UPG's strong relationships
to broaden Synalloy's customer reach with
minimal incremental selling effort
▪ We estimate that the Company can immediately
realize $15 million of near-term added revenue
Many of Synalloy's pipe and tube products are complementary to those of UPG's portfolio
companies and can be sold through UPG's distribution network:
Full line of ornamental tubing to OEM customers
Stainless tubing to both OEMs and fabricators
Heavy-wall products to OEM agricultural customers
-
through selling in partnership with UPG
PRIVET
FUND
We expect that this additional revenue
would flow to the bottom line at
approximately 15%, which is the
estimated blended gross margin of these
specific products
UPG
STRONGER TOGETHER
01. 02. 03. 04. 05.
Our Plan To
Strengthen Synalloy
Additional Revenue and Associated EBITDA
$15.3
Incremental Revenue
$ in millions
-15% flow through
$2.6
Incremental EBITDA
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