Pro Forma Financials and Market Positioning

Why CCH is So Excited About This Opportunity Attractive and Growing Salty Snack Category ■ $26 billion in U.S. Retail Sales with 4.3% CAGR Over Last Five Years (1) ■ Resilient to Economic Downturns (4% CAGR from 2007-2010) (2) with Attractive Defensive Characteristics 2 Significant Competitive Moats ■ Iconic Brands with Strong and Growing Positions 3 5 Multiple Ways to Win Significant Shareholder Alignment Attractive Entry Valuation ■Competitively Advantaged Manufacturing and Distribution Network ■ Organic Sales Growth (Strengthened Marketing, Increased Distribution, Geographic Expansion, and Further Sub-Category Penetration) ■Margin Enhancement (Significant Cost Savings, Revenue Management, Mix) ■ Platform for Value-Enhancing Acquisitions ■Commitment by Collier Creek and the Rice/Lissette Family to Long-Term Value Creation ■ Alignment on Utilizing CCH Playbook ■Retention of 90% of Existing Equity by Rice/Lissette Family, Representing 50.2% Initial Economic Ownership ■ 11.6x 2021E Pro Forma Adj. EBITDA Multiple Represents a 1.7x Discount to 1-Year Peer Average (3) ■ 17.8x 2021E Adj. P/E Multiple Represents 2.7x Discount to 1-Year Peer Average (3) 1). IRI MULO+C data (for 5-year period ended 12/29/2019). 2). Euromonitor International data. 3). Peer 1-year averages as of June 1, 2020. Utz 2021E multiples compared to peer NTM+1 multiples. ⚫utz BRANDS SM 4

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