Utz Brands Inc · NYSE:UTZ
Utz Brands — Collier Creek Holdings — SPAC Merger (August 2020)
6 slides from Utz Brands's SPAC merger presentation, Aug 12, 2020
Slide 1: Quarterly P&L Financial Update August 2020
℠ Quarterly P&L Financial Update August 2020
Slide 2: Disclaimer and Forward-Looking Statements
℠ This financial update (“Financial Update”) is for informational purposes only to assist interested parties in making their ow n e valuation with respect to the proposed business combination (the “Business Combination”) between Collier Creek (“CCH”) and Utz Brands Holdings, LLC (“Utz” or the “Compa
Slide 3: Income Statement
℠ Income Statement 1 Note: Numbers may not foot due to rounding. Actual results per GAAP. Income Statement Fiscal Year 2019 ($ in M) Q1 Q2 Q3 Q4 FY Q1 Q2 Net Sales $178.4 $188.4 $199.6 $201.8 $768.2 $228.0 $242.0 Cost of Goods Sold (121.9) (126.6) (129.8) (136.1) (514.4) (148.0) (157.1) Gross Profit
Slide 4: Non-GAAP Reconciliation
℠ Non - GAAP Reconciliation 2 Note: Numbers may not foot due to rounding. Figures exclude Collier Creek Holdings Financial data. 1 ). Includes GAAP interest expense related to third - party obligations, net of interest income, on loans made to independent DSD o perators to purchase delivery routes.
Slide 5: Pro Forma Reconciliation
℠ Pro Forma Reconciliation 3 Note: Numbers may not foot due to rounding. Figures exclude Collier Creek Holdings Financial data. 1 ). Includes Conagra DSD Snacks and Kitchen Cooked pre - acquisition contribution. 2). Includes Conagra DSD Snacks and Kitchen Cooked pre - acquisition contribution. Exclu
Slide 6: Normalized / Projected Further Adjusted EBITDA
℠ Normalized / Projected Further Adjusted EBITDA 4 Fiscal Year 2019 Fiscal Year 2020 Fiscal Year ($ in M) Q1 Q2 Q3 Q4 Q1 Q2 2019A 2020E 2021E Further Adjusted EBITDA $20.2 $27.8 $31.4 $17.5 $29.2 $32.6 $96.9 $123.5 $133.0 Trade Spend Normalization (2) 0.4 0.0 0.1 6.3 - - 6.8 - - Acquisition Synergie