The Urgent Need for Change and The Superior Path Forward
OUR PLAN HAS A SPECIFIC OPERATIONAL BLUEPRINT
THAT CAN DELIVER VALUE TO ALL STOCKHOLDERS
Our slate's plan to deliver up to -$25 per share in value involves leveraging proven
industry operators who have performed this exact turnaround playbook many times
PRIORITY #1
PRIVET
FUND
Determine Immediate
Strategic Revenue
Opportunities
Utilize extensive
experience to drive
cross-selling
opportunities across
metals business units
✓ Implement targeted
sales tactics within
the Chemicals
Segment to increase
volume and
utilization
UPG
STRONGER TOGETHER
PRIORITY #2
Pursue Operationally-
Focused Gross Profit
Enhancements
✓ Unlock supply chain
savings under
coordinated logistics
strategy
Improve inventory
management
Realize
manufacturing
efficiencies
Restructure plant-
01. 02. 03. 04. 05.
level accounting
policies and incentive
compensation
Our Plan To
Strengthen Synalloy
PRIORITY #3
Remove Non-Economic
and Wasteful SG&A
Spending
Eliminate non-
essential,
discretionary
spending
✓ Dramatically
decrease support
service costs
Reduce bureaucracy
and enhance culture
of data-driven
decision making
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