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  "notes": "The slide uses a split-column layout to contrast the investment vehicle (Collier Creek) with the target asset (Utz).",
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      "text": "1). Source: Management estimates and internal data. Represents annualized growth in Net Sales. Growth rate for 2017 through 2019 excludes the negative impact from increased IO discounts related to Utz's structural shift towards IOs from RSPs. 2). See page 41 for reconciliation. For 2020 and 2021, “Projected Further Adjusted EBTIDA” refers to figures disclosed in the definitive proxy / prospectus and represents management's view of Utz as a public company.",
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