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  "documentTitle": "UTZ Brands | SPAC Presentation Deck | 49 slides",
  "authorId": "utz-brands",
  "authorName": "Utz Brands",
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  "presentationDate": "2020-08-01 00:00:00",
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  "pageNumber": 35,
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  "notes": "The slide uses a two-part structure to categorize the favorable impacts: consumer behavior shifts and company-specific competitive advantages.",
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      "text": "Longer-Term Increase in At-Home Food Consumption",
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      "text": "Accelerated Utz Sales Growth and Share Gains Longer-Term",
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      "text": "Initial stay-at-home orders reintroduced at-home cooking and eating, which are likely to continue amidst continued uncertainty. Even after re-openings, people will spend more time at home and avoid offices, restaurants, and public gatherings, with a potential enduring shift to \"work-from-home\". Recession favors at-home versus away-from-home consumption",
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      "text": "Utz strengthened its existing customer relationships and developed new retail customers given its ability to supply and provide retail coverage during COVID. Trial generated during COVID creating satisfied new Utz consumers given excellent product quality, with household penetration already increasing ~12% or ~2.6 million HH(1). Reduced competition from smaller salty snack competitors that are less well-capitalized and more reliant on co-manufacturers and third-party distribution. Iconic brands like Utz are more attractive during COVID-driven recession; private label losing share",
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      "text": "Source: IRI MULO-C data. 1). Based on IRI panel survey for the 12-week period ended July 12, 2020.",
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      "text": "Increased Belief COVID Favorable for Utz’s Brands Longer Term",
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