{
  "docId": "019de50f-ef36-751c-946f-73d030b6d84e",
  "docSlug": "f734197674659ca0733ec937fc6adc4f",
  "documentTitle": "UTZ Brands | SPAC Presentation Deck | 49 slides",
  "authorId": "utz-brands",
  "authorName": "Utz Brands",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2020-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 49,
  "pageCount": 49,
  "prevPage": 48,
  "nextPage": null,
  "slideType": "appendix_data",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 50,
  "notes": "The table uses a waterfall-style bridge structure to explain adjustments to EBITDA.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-ef36-751c-946f-73d030b6d84e/49",
  "deckHref": "/decks/019de50f-ef36-751c-946f-73d030b6d84e",
  "deckJsonHref": "/decks/019de50f-ef36-751c-946f-73d030b6d84e.json",
  "deckAnchorHref": "/decks/019de50f-ef36-751c-946f-73d030b6d84e#slide-49",
  "components": [
    {
      "bbox": {
        "h": 0.085,
        "w": 0.904,
        "x": 0.048,
        "y": 0.153
      },
      "kind": "paragraph",
      "text": "The following table shows the bridge from Further Adj. EBITDA (as presented in the definitive proxy / prospectus) to Normalized / Projected Further Adj. EBITDA (which was previously disclosed to investors), and is shown here to help investors understand differences between the updated figures in the proxy and the basis for management's projections as a public company",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7a3507e1-d21b-4be6-8219-a3a578340f62",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.057,
        "w": 0.904,
        "x": 0.048,
        "y": 0.268
      },
      "kind": "paragraph",
      "text": "The table presents FY'19 Normalized Further Adj. EBITDA, which was used by Utz management as a baseline to construct its forecast and form annual growth projections on a comparable baseline to FY'20 and FY'21 Projected Further Adjusted EBITDA(1)",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b8be14ea-5c5e-4cfa-b548-861c8e421fd5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.95,
        "x": 0.025,
        "y": 0.86
      },
      "kind": "source-note",
      "text": "Note: Dollars in Millions. 1). See “Projected Further Adjusted EBITDA” as disclosed in the definitive proxy / prospectus. 2). Reflects the implementation in fiscal 2019 of a new system that enabled the company to refine period-end estimates for trade spend reserves. This resulted in a onetime true-up charge of trade spend reserve in fiscal 2019. The company does not expect similar material true-ups to recur in future periods. 3). Represents identified integration-related cost savings expected to be realized from the elimination of certain procurement, manufacturing, and logistics as well as selling and administrative expenses in connection with the acquisitions of Conagra Snacks and Kitchen Cooked. 4). Represents estimated incremental costs of operating as a public company following closing of the business combination, including: exchange listing and other fees; audit and compliance costs; investor relations costs; additional D&O insurance premium; legal expenses associated with public filings and other items; and cash compensation for the Board of Directors.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2b8ca3a7-f66e-40aa-b5c9-d96530f25782",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.455,
        "w": 0.904,
        "x": 0.053,
        "y": 0.375
      },
      "kind": "table",
      "text": "Bridge table showing EBITDA adjustments for 2019A, 2020E, 2021E, and quarterly results Q1'19-Q2'20.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ee094713-599a-4c65-9632-941b03b00235",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.042,
        "w": 0.685,
        "x": 0.048,
        "y": 0.075
      },
      "kind": "title",
      "text": "Normalized / Projected Further Adjusted EBITDA",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bff21ced-57df-40b8-9c81-cb7fc42a3bd8",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "f51da835-60be-42f7-8aec-19621e3e17f3",
      "evidence": "Bridge table showing EBITDA adjustments for 2019A, 2020E, 2021E, and quarterly results Q1'19-Q2'20.",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "waterfall-bridge",
      "slug": null,
      "matchId": "5ed4d7a2-100e-423b-b1a9-366fabb20783",
      "evidence": "The table structure bridges from a starting EBITDA figure to a normalized figure via specific line-item adjustments.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}