The Urgent Need for Change and The Superior Path Forward
PRIORITY #2: OPERATIONAL PROFIT
ENHANCEMENTS
Our plan can increase Synalloy's gross margins from 10.1% to 16.7%
Gross Margin Comparison
PRIVET
FUND
18.9%
Olympic
Steel Inc
18.4%
UPG
STRONGER TOGETHER
17.2%
Ryerson Hawkins Inc Northwest
Holding Corp
16.9%
16.7%
Pro Forma
Pipe Co Synalloy
1. Source: Public filings
14.9%
Supply Chain Opportunity
Inventory Management Opportunity
Manufacturing Efficiency Opportunity
Total Organic Growth EBITDA Opportunity
Our plan brings gross margins right in-
line with peer averages at 16.7%
12.8%
11.4%
Trecora Worthington Synalloy USAP
Resources
2010
Industries
Inc
$2.6 million
$5.8 million
$11.5 million
$19.9 million
11.4%
11.2%
Venator
Materials
PLC
660bps
improvement
01. 02. 03. 04. 05.
Our Plan To
Strengthen Synalloy
10.1%
Synalloy
2019
6.6%
Insteel
Industries
Inc
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