The Urgent Need for Change and The Superior Path Forward slide image

The Urgent Need for Change and The Superior Path Forward

PRIVET AND UPG: SYNALLOY'S COMPARABLE COMPANY UNIVERSE (METALS) Company Insteel Industries (NASDAQ: IIIN) A INSTEEL INDUSTRIES INC. Northwest Pipe Company Northwest Pipe Co. (NASDAQ: NWPX) OLYMPICSTEEL Olympic Steel (NASDAQ: ZEUS) RYERSON Ryerson Holding Corp (NYSE: RYI) PRIVET FUND STAINLESS Universal Stainless & Alloy Products (NASDAQ: USAP) WORTHINGTON Worthington Industries (NYSE: WOR) UPG STRONGER TOGETHER S Description Insteel Industries, Inc. manufactures and markets wire products. The company's products include concrete reinforcing products, and industrial wire for a range of construction and industrial applications Northwest Pipe Company manufactures and markets welded steel pipe. The company makes large diameter, and small diameter high pressure steel pipe products used for a range of industrial, water transmission and mechanical applications Olympic Steel, Inc. processes and distributes flat- rolled carbon, stainless steel, and tubular steel products. The company operates as an intermediary between steel producers and manufacturers that require processed steel for their operations Ryerson Holding Corporation, through its subsidiaries, purchases, processes, and distributes various forms of stainless steel, aluminum, carbon, alloy steel, nickel, and red metals. Ryerson serves customers worldwide Universal Stainless & Alloy Products, Inc. manufactures and markets semi-finished and finished specialty steel products, including stainless steel, tool steel, and certain other alloyed steels Worthington Industries, Inc. is a global diversified metals manufacturing company. The company operates in value-added steel processing, manufacturing of pressure cylinders, and operator cabs for heavy mobile equipment -- byg ✓ ✓ Manufactures steel products ✓ Primarily focused on North American customers Size: $50 million - $2.0 billion in Market Capitalization ✓ ✓ Manufactures steel pipe and tube products ✓ Primarily focused on North American customers Size: $50 million - $2.0 billion in Market Capitalization ✓ Processes and distributes metal pipe and tube products ✓ Primarily focused on North American customers Size: $50 million - $2.0 billion in Market Capitalization ✓ Nominee Biographies and Appendix Rationale for Inclusion ✓ ✓ Processes and distributes steel products Primarily focused on North American customers Size: $50 million - $2.0 billion in Market Capitalization ✓ ✓ Manufactures steel products ✓ Primarily focused on North American customers Size: $50 million - $2.0 billion in Market Capitalization ✓ ✓ Provides steel processing services to SYNL's end markets Primarily focused on North American customers ✓ Size: $50 million - $2.0 billion in Market Capitalization = Companies selected by Privet/UPG and SYNL BAND 125
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