Ascent Industries Co. · NASDAQ:ACNT
Ascent Industries — Synalloy — Proxy Contest (May 2020)
17 slides from Ascent Industries's proxy contest presentation, May 12, 2020
Slide 1: Strengthen Synalloy: Vote the WHITE Card
STRENGTHEN SYNALLOY UPG ENTERPRISES AND PRIVET FUND: THE RIGHT CATALYSTS FOR A STRONGER SYNALLOY VOTE THE WHITE CARD
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION IS FOR DISCUSSION AND GENERAL INFORMATIONAL PURPOSES ONLY. IT DOES NOT HAVE REGARD TO THE SPECIFIC INVESTMENT OBJECTIVE, FINANCIAL SITUATION, SUITABILITY OR THE PARTICULAR NEED OF ANY SPECIFIC PERSON WHO MAY RECEIVE THIS PRESENTATION, AND SHOULD NOT BE TAKEN AS ADVICE ON
Slide 3: UPG and Privet Are the Right Catalysts for a Stronger Synalloy
UPG AND PRIVET ARE THE RIGHT CATALYSTS FOR A STRONGER SYNALLOY sil Poee eufad « UPG is a manufacturing industry operator that applies operating expertise and elite resources to help industrial businesses grow UDG a | C « Privetis a research-driven investment firm pA seetdele teks | 3 that seeks to d
Slide 4: UPG and Privet Have a Vision for Helping Synalloy Become a Thriving Public Company
UPG AND PRIVET HAVE A VISION FOR HELPING SYNALLOY BECOME A THRIVING PUBLIC COMPANY sil Poee eufad «= UPG and Privet, which collectively own nearly 25% of Synalloy’s outstanding common stock, are fully aligned with all | IDG fellow stockholders a LC pA Cod LS eAte HS = The Stockholder Group has no pl
Slide 5: About UPG Enterprises
ABOUT UPG ENTER! 01.
Slide 6: UPG: A Top Manufacturing Sector Operator
01. UPG: A TOP MANUFACTURING SECTOR OPERATOR UPG Enterprises UPG STRONGER TOGETHER Founded by Chris Hutter and Paul Douglass in 2014, UPG is a hands-on, roll-up-your-sleeves operator of diversified industrial companies The leadership of Chris Hutter has helped UPG reach $725M in annual revenue (~2.5
Slide 7: UPG Has a Great Deal to Offer Synalloy
UPG HAS A GREAT DEAL TO OFFER SYNALLOY A GROWING BUSINESS FOOTPRINT 01. UPG Enterprises ELITE MANUFACTURING PROWESS " Operates 8 businesses across metals, manufacturing, distribution and logistics * Boasts $725M+ in annual revenue ROBUST DISTRIBUTION NETWORK = More than 3M square feet of warehouse s
Slide 8: UPG Has a Diverse Portfolio and Network That Can Benefit Synalloy
UPG HAS A DIVERSE PORTFOLIO AND NETWORK PEt THAT CAN BENEFIT SYNALLOY see eee LAMINATION SPECIALTIES POWERED BY UPG Specialist in fabricating electrical steel laminations POWERED BY UPG Steel service center specializing in flat rolled coil products © wares a sProw. STEEL POWERED BY PG Leading servic
Slide 9: UPG Serves a World-Class Customer Base
UPG SERVES A WORLD-CLASS CUSTOMER BASE a . WITH DIVERSE AND GROWING NEEDS user setae a MITSUBA <®- REULAND [AJousumelectrics ‘ ) ~~ ese FCA a ae LIOLF) : HONDA Gln bales papel : J ArcelorMittal ai Copia = (AD CHAMENSE = SB. soos Tor |] tHincustees WDBG ABD oe Gi | ATC Whirlpool AS KR Gestamp | HON |
Slide 10: UPG Has Built a Strong Culture That Can Be Replicated at Synalloy
UPG HAS BUILT A STRONG CULTURE THAT CAN BE on . REPLICATED AT SYNALLOY UPG Enterprises Under co-founder Chris Hutter, UPG has forged a dynamic culture that fuels its dedicated employees’ commitment to quality, flexibility and serving customers UPG companies are proud to be Employee Spotlight! § part
Slide 11: UPG Has Forged Long-Standing Community Ties
UPG HAS FORGED LONG-STANDING COMMUNITY TIES UPG is involved in community outreach, volunteering and partnering with world-class organizations: American Brain Tumor Association American Heart Association American Lung Association Archdiocese of Chicago Association of Women in the Metals Industries Ca
Slide 12: UPG Is a Recognized Industry Leader
UPG IS A RECOGNIZED INDUSTRY LEADER — AND a SYNALLOY CAN BE TOO UNDER NEW LEADERSHIP UPG Enterprises UPG and its family of companies have earned the trust of their customers and partners across the metals, manufacturing and distribution verticals M Metalex has been consistent with hitting our ship d
Slide 13: About Privet Fund
02. j ABOUT PRIVET FUND
Slide 14: Privet Is a Hands-On Investment Firm with a Track Record of Integrity and Success
PRIVET IS A HANDS-ON INVESTMENT FIRM WITHA 02. TRACK RECORD OF INTEGRITY AND SUCCESS river Fund Privet is committed to delivering the long- term value Synalloy stockholders deserve = The firm has a strong 13-year track record of investing in companies in which it sees intrinsic value and opportuniti
Slide 15: Privet Focuses on Long-Term Value Creation
02. PRIVET FOCUSES ON LONG-TERM VALUE CREATION so siivee run Privet’s investments are highly selective and rooted in intensive industry research When Privet has nominated directors and/or joined the board at a company, its average holding period is nearly five years The Privet investment team priori
Slide 16: Privet's Representative Investments Across Manufacturing and B2B Sectors
PRIVET’S REPRESENTATIVE INVESTMENTS 02. ACROSS THE MANUFACTURING AND B2B SECTORS Pees fun BY Harvinge pen GSi Group G Bn AAW y wow TEK Corporation il THE MIDDLEBY CORPORATION < 7; GT ADVANCED
Slide 17: Strengthen Synalloy: Vote the WHITE Card
STRENGTHEN SYNALLOY VOTE THE WHITE CARD STRONGER TOGETHER