The Urgent Need for Change and The Superior Path Forward
SUMMARY OF OUR TRANSITION PLAN
In the first 10 weeks, we intend to quickly stabilize the business while analyzing
opportunities to build a more sustainable operational foundation
PRIVET
FUND
▪ As we continue to test and monitor changes, our focus will shift to selecting a new CEO and
constructing a leadership team able to scale in-process initiatives and improve the culture,
results and pride of the organization
$ in millions
Revenue
COGS
SG&A
UPG
STRONGER TOGETHER
Metals Partnership Revenue
Chemicals Capacity Utilization
Supply Chain Savings
Inventory Management
Manufacturing Efficiency
Corporate Overhead
Manufacturing Support
EBITDA
Opportunity
$3.3
$2.6
$0.7
$19.9
$2.6
$5.8
$11.5
$6.8
$4.4
$2.4
1 2 3 4 5 6 7 8
01. 02. 03. 04. 05.
Week
Our Plan To
Strengthen Synalloy
= Assess capabilities and develop detailed workstreams
= Execute implementation plan
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