The Urgent Need for Change and The Superior Path Forward
MEANINGFUL VALUE CREATION THROUGH PLAN
EXECUTION
$ in millions
There is a clear path for Synalloy's stock to trade up to $25 per share in the next 18
months with the implementation of our plan
Pro-Forma Adj. EBITDA Bridge
PRIVET
FUND
$13.5
2019 Reported Adj. EBITDA
2019 PF Adj. EBITDA
Market Multiple[¹]
Enterprise Value
(-) Net Debt
Equity Value
Shares Outstanding
Potential Share Price
UPG
STRONGER TOGETHER
$3.2
Revenue Opportunity
$19.9
COGS Opportunity
Detail on Following Page
$6.8
SG&A Opportunity
01. 02. 03. 04. 05.
Our Plan To
Strengthen Synalloy
1.7.0x is the current median market valuation of the Company's closest direct peer group. This group consists of WOR,
USAP, ZEUS, IIIN, NWPX, RYI, HWKN, VNTR, TREC, and NGVT.
$43.4
2019 Pro-Forma Adj. EBITDA
$43.4 million
7.0x
$303.8 million
($77.7 million)
$226.1 million
9.1 million
$24.961
74View entire presentation