The Urgent Need for Change and The Superior Path Forward

A STRONGER SYNALLOY CAN BE PROPELLED BY COLLABORATION, INNOVATION AND OPERATIONAL EXCELLENCE ■ UPG, under Chris Hutter, has forged a dynamic and powerful culture that we are confident can be replicated at Synalloy I In the face of the fundamental difficulties small industrial companies encounter, UPG has maintained a true community environment with employees, customers, vendors, business-level management teams and the local plant municipalities UPG has fostered strong relationships with its labor unions including Teamsters, Iron Workers and multiple locals of the AFL-CIO If we have the privilege of stewarding Synalloy, we commit to: Providing the safest working environment possible for employees and partners Setting clear business unit goals and expectations Delivering a playbook for growth and innovation Listening to and frequently engaging with all stakeholders Empowering and incentivizing our team members to thrive Doing right in our local communities 01. 02. 03. 04. 05. - PRIVET FUND Our Plan To Strengthen Synalloy - We have already reached out to Synalloy's local union leaders to educate them about our plan for the future of the Company and how we expect to foster continued employee development and community outreach Our nominees have a demonstrated track record of working constructively with all stakeholders and we are confident they will revitalize Synalloy's failing culture UPG STRONGER TOGETHER 107

View entire presentation