Pro Forma Financials and Market Positioning

Flexible, Efficient DSD and Warehouse Distribution System Direct to Warehouse ~17,000 Doors ~350 Retailer Distribution Centers Distributor ~15,000 D Doors ~635 Routes 1). Sourced from management estimates. butz BRANDS SM Direct to Warehouse Distributor Direct to Store (DSD) Network Direct to Store (DSD) 75,000+ Doors ~1,645 Total Routes 3 of the Top 4 Salty Snacking Companies Operate DSD Networks (1) Utz Transition to IOs % of Routes 2016 2019 Company-Owned 67% 23% Independent 33% 77% Operators (IO) Completed Transition Expected in 2021 16

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