Pro Forma Financials and Market Positioning

Broad Distribution Across Channels and Customers... 2019 Utz Sales by Channel (1) Illustrative Customers Mass 14% (2) Other Drug 2% 6% Club 6% C-Store 20% Albertsons BJ's DOLLAR TREE COSTCO WHOLESALE DOLLAR GENERAL 15 FOOD LION GIANT EAGLE FRESH FOR EVERYONE TH Kroger QT QuikTrip sam's club Food 52% ShopRite Stop&Shop TARGET 1). Source: IRI MULO-C data (52-week period ended 12/29/2019). 2). Includes dollar/discount. butz SM BRANDS K FRESH FOOD SHEETZ MADE TO ORDER Wakefern FOOD CORP. Walmart Wawa weis ELEVEN No Customer Represents More than 10% Of Sales 15+ Year Average Relationship with Top Customers 14

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