Pro Forma Financials and Market Positioning
Utz Phenomenal Q1 Performance
More than half of Q1 year-over-year EBITDA growth generated pre-COVID
Strong performance from recent Conagra Snacks acquisition (Q1 year-over-year Net Sales and Adjusted EBITDA
+10% and +28%, respectively)
YoY % Growth
+12%
$228
$204
Net Sales ($mm) (1)
+3%
$682
$661
Pro Forma Adjusted EBITDA ($mm) (2)
(% Net Sales Margin♦)
YoY % Growth
+5%
+15%
YoY $ Growth
$910
+$16
$866
+9%
$124
+$8
$108
$94
$86
Q1
(3)
2019
Q1
2020
(3)
Q2-Q4 Q2-Q4
2019 2020
FY
FY
2019
2020
+40%
+$8
$30
$22
14%
14%
13%
13%
12%
11%
Q1
Q1
Q2-Q4 Q2-Q4
FY
(3)
(3)
2019
2020
2019
2020
2019
FY
2020
1). Pro Forma for the acquisitions of Conagra Snacks and Kitchen Cooked. 2020 numbers exclude the impact of the 53rd week.
2). Pro Forma for the acquisitions of Conagra Snacks and Kitchen Cooked. Includes full run rate synergies and public company costs. 2020 numbers exclude the impact of the 53rd week.
3). See pages 39 and 40 for reconciliation.
utz
BRANDS
SM
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