The Urgent Need for Change and The Superior Path Forward
WE BELIEVE OUR PLAN, NOMINEES AND NETWORK
CAN REDUCE SYNALLOY'S GRAVE CREDIT RISK
Synalloy's rising leverage and declining earnings put stockholders at risk and the
Company in jeopardy of breaching its covenants and defaulting on its debt - we have
a plan to take immediate corrective action
PRIVET
FUND
Proactive Lender
Outreach
UPG
STRONGER TOGETHER
▪ Interim CEO and
reconstituted Board
members will
immediately
communicate with the
Company's current
lenders to outline the
go-forward plan
Leverage Existing
Lender
Relationships
Privet and UPG already
have multiple lenders
interested in working
with Synalloy should we
be elected
M
▪ This enables us to
work on potential
solutions in parallel
with our current lender
discussions
01. 02. 03. 04. 05.
Operational
Execution and
Commitment to
Fortifying the
Balance Sheet
Our Plan To
Strengthen Synalloy
We expect our plan to
generate substantial
near-term cash through
stated working capital
enhancements
We expect to utilize our operational plan and our roster of established lender
relationships to immediately address the stockholder risk associated with Synalloy's
debt
▪ That cash will be used
to pay down debt,
meaningfully improving
the credit profile of the
Company and paving
the way for potential
covenant relief
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