{
  "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": 7,
  "pageCount": 49,
  "prevPage": 6,
  "nextPage": 8,
  "slideType": "why_now",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 8,
  "notes": "The slide uses a numbered list format to present investment thesis points.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-ef36-751c-946f-73d030b6d84e/7",
  "deckHref": "/decks/019de50f-ef36-751c-946f-73d030b6d84e",
  "deckJsonHref": "/decks/019de50f-ef36-751c-946f-73d030b6d84e.json",
  "deckAnchorHref": "/decks/019de50f-ef36-751c-946f-73d030b6d84e#slide-7",
  "components": [
    {
      "bbox": {
        "h": 0.75,
        "w": 0.23,
        "x": 0.04,
        "y": 0.13
      },
      "kind": "list",
      "text": "1. Attractive and Growing Salty Snack Category\n2. Significant Competitive Moats\n3. Multiple Ways to Win\n4. Significant Shareholder Alignment\n5. Attractive Entry Valuation",
      "attrs": null,
      "subkind": "numbered",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bdab2ff9-5e18-4bfe-bd2e-9c3880a84243",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.7,
        "x": 0.25,
        "y": 0.77
      },
      "kind": "paragraph",
      "text": "11.6x 2021E Projected Further Adj. EBITDA Multiple Represents a 2.2x Discount to 1-Year Peer Average; 17.8x 2021E Adj. P/E Multiple Represents 3.1x Discount to 1-Year Peer Average",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "14d86817-3b2b-4a6f-9414-12486884c819",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.7,
        "x": 0.25,
        "y": 0.31
      },
      "kind": "paragraph",
      "text": "Iconic Brands with Strong and Growing Positions; Competitively Advantaged Manufacturing and Distribution Network",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "238012f3-b90d-442c-b607-a19eb28129a0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.7,
        "x": 0.25,
        "y": 0.14
      },
      "kind": "paragraph",
      "text": "$26 billion in U.S. Retail Sales with 4.3% CAGR Over Last Five Years; Resilient to Economic Downturns (4% CAGR from 2007-2010) with Attractive Defensive Characteristics",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "252b5d64-b0f4-44c6-9755-836c6dd79f60",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.7,
        "x": 0.25,
        "y": 0.6
      },
      "kind": "paragraph",
      "text": "Commitment by Collier Creek and the Rice/Lissette Family to Long-Term Value Creation; Alignment on Utilizing CCH Playbook; Retention of 90% of Existing Equity by Rice/Lissette Family, Representing 50.2% Initial Economic Ownership",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "77fadac4-96f3-46ce-ae75-c91dccef15f5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.7,
        "x": 0.25,
        "y": 0.43
      },
      "kind": "paragraph",
      "text": "Organic Sales Growth (Strengthened Marketing, Increased Distribution, Geographic Expansion, and Further Sub-Category Penetration); Margin Enhancement (Significant Cost Savings, Revenue Management, Mix); Platform for Value-Enhancing Acquisitions",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cd3049c6-1fb5-4301-9533-5d6e9f53e229",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.95,
        "x": 0.04,
        "y": 0.91
      },
      "kind": "source-note",
      "text": "1). IRI MULO+C data (for 5-year period ended 12/29/2019). 2). Euromonitor International data. 3). See page 41 for reconciliation. 4). Peer 1-year averages as of August 7, 2020.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8a2e59a5-b258-428e-8bb6-8309d08107dc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.68,
        "x": 0.04,
        "y": 0.06
      },
      "kind": "title",
      "text": "Why CCH is So Excited About This Opportunity",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "35adfe63-a52d-4621-b6f6-c9425502fedf",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Storytelling: audience calibration",
      "slug": "audience",
      "agent": "storyteller",
      "layer": "slide",
      "matchId": "928118b2-313a-43bd-8583-e584f8b678c8",
      "evidence": "Why CCH is So Excited About This Opportunity",
      "confidence": 0.5
    },
    {
      "name": "Thesis archetype",
      "slug": "thesis-archetype",
      "agent": null,
      "layer": "slide",
      "matchId": "8d1f6758-0c31-4679-a9a6-d27bbd3d0cd8",
      "evidence": "Attractive and Growing Salty Snack Category",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 8,
      "from": 6,
      "beatId": "3bac9525-c55f-4af0-ab18-14aa8a438e93",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Problem",
      "beatSlug": "sequoia-pitch-problem",
      "evidence": "Slides 6-8 introduce the opportunity and highlight Utz's strengths",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 9,
      "from": 7,
      "name": "Why Now",
      "slug": "15-why-now",
      "bestFor": "Sales pitches, fundraising, requesting immediate budget approval",
      "matchId": "1a8c7c10-974a-4176-ba0a-b4358dbab35c",
      "evidence": "Slides 7-9 highlight the current market conditions and COVID's favorable impact on Utz's brands",
      "position": 0,
      "objective": "Why now is an exciting time to invest in Utz Brands",
      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
      "confidence": 0.7,
      "description": "Create temporal urgency by proving that the window of opportunity is opening or closing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}