2018 Highlights 2018 Year-End Summary the Sun Transformation System

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2018 HIGHLIGHTS 2018 YEAR-END SUMMARY THE SUN TRANSFORMATION SYSTEM

2018 came to an end in much the way it began, with a concentrated amount of Sun Capital looks to collaborate with management teams to leverage their deal activity. At the start of 2018, we invested in one new platform investment, experience and uses The Sun Transformation System - a dynamic set of tools – ClearChoice, while successfully exiting Robertshaw, Aclara, and Albéa. These three to help management teams tackle nearly every challenge in a systematic, exits had a combined enterprise value of $3.5 billion and all three were among rigorous, and comprehensive way. our five largest profit dollar exits in our 24+ year history. At the end of 2018, we closed two new platforms: Tier One Relocation and StonePoint Materials, with a DIRECT TOOLS ENABLER TOOLS combined investment of $212.6 million. Our existing portfolio companies also made significant progress last year, and • Superior Product/Service Offerings • Establish Priorities strengthened their business positions through add-on acquisitions and expanding • Pricing Excellence T • Align Team with Priorities R E E E CU A their leadership teams, aligning with their Sun Transformation System objectives • Sales Force Efficiency & Effectiveness H U L M • Culture Building G N T I E U & R H V to facilitate improvement. • Digital Marketing & Selling E E • Project Management Teams R

Other highlights for 2018 included: PORTFOLIO COMPANY  Completing four platform and ten add-on acquisitions L O C O W T S  Realizing ~$1.8 billion of gross proceeds across the portfolio E A S S R E E • Procurement Excellence T R C • Financial Reporting S G O  Completing 18 financings for approximately $1.5 billion • Continuous Improvement PR • Value Realization Processes • Facility & Footprint Optimization • Exit Preparation Process  Promoting Melissa Klafter and Mark Hajduch to Managing Directors on • Spend Benchmarking & Prioritization • Sun Capital Partners Committees our infrastructure team As we enter 2019, the momentum of our transaction activity continues. Thus far in 2019, we have exited Elix Polymers, generating a gross return of 8.4x MoC Find out more about The Sun Transformation System by watching the video at and returning $218.6 million1 in gross proceeds. We have also completed two new platform acquisitions: Unico Technologies Group, a corporate carve-out www. suncappart.com/transforming-potential-into-results from Regal Beloit, and Simply Beautiful Smiles, a consumer healthcare regional dental service organization (“DSO”). We see many opportunities ahead in 2019, WATCH CASE STUDIES and our teams are eager to continue sourcing high-quality transactions across our targeted sectors. As always, we owe our success to the hard work and commitment of our Aclara colleagues, portfolio company management teams and the support of our https://suncappart.com/aclaracasestudy/ investors and intermediaries. Albéa We thank you for your continued support. https://suncappart.com/albeacasestudy/ Marc and Rodger Robertshaw Co-CEOs https://suncappart.com/robertshawcasestudy/

1 A portion of the proceeds may have been realized in prior years.

2018 HIGHLIGHTS 1 2018 IN REVIEW 2018 IN REVIEW

4 PLATFORM ACQUISITIONS

Company Name: Industry: ClearChoice Healthcare ESIM Chemicals Chemicals PLATFORM StonePoint Materials Building Products ACQUISITIONS » 4 Tier One Relocation Government Services 11 EXITS ADD-ON ACQUISITIONS » 10 Company Name: Industry: Aclara General Industrial CAPITAL Albéa Packaging INVESTED » $600 Million Bundy General Industrial Coveris Americas Packaging Coveris Rigid Packaging Demilec Building Products EXITS Flavor 1st Food & Beverage » 11 Heartland Automotive Services General Industrial Kraco Automotive Robertshaw General Industrial REALIZED Rowe General Consumer GROSS » Billion PROCEEDS $1.8 10 ADD-ON ACQUISITIONS

FINANCINGS Company Name: Acquired by: » AfriFlora Flamingo Horticulture COMPLETED $1.5 Billion Chemplast Coveris Americas Knight Horizon Services Mattress More / Furniture Liquidators FFO Home Philippe Vuillermoz C&K Scotch & Soda Belgian Distributor Scotch & Soda Scotch & Soda US Distributor and Franchisee Scotch & Soda ServiceMark Horizon Services Several Warren Evan Stores* Dreams Water Works Horizon Services

*Acquisition of the trade and assets. 2018 HIGHLIGHTS 2018 HIGHLIGHTS 2 3 SPOTLIGHT PLATFORM ACQUISITION OTHER 2018 PLATFORM ACQUISITIONS

Industry: Chemicals Headquarters: Austria Business Description: ESIM Chemicals Industry: Healthcare is a leading European Headquarters: United States specialty chemical manufacturer and crop protection Business Description: contract manufacture ClearChoice is the only pure-play, national provider of organization (“CMO”). same-day dental implant services in the U.S.

Investment Overview: Opportunity to implement components of the Sun Transformation System (“STS’’) to allow for increased rate at which successful new centers can be opened

 Further opportunity to increase sales via improved facility productivity Industry: Industry: Government Services Building Products  Headquarters: Headquarters: Potential to increase customer acquisition efficiency and effectiveness via improved inbound and outbound calling practices, United States United States implementation of new intelligent scheduling, Business Description: Business Description: and development of a professional referral program Tier One Relocation StonePoint Materials is a leading provider is a leading producer of of outsourced logistics construction aggregates, and services supporting asphalt and related U.S. military personnel construction services. relocations.

2018 HIGHLIGHTS 2018 HIGHLIGHTS 4 5 SPOTLIGHT EXIT OTHER 2018 EXITS

Industry: Industry: Industry: Packaging General Inustrial Packaging Headquarters: Headquarters: Headquarters: France Italy United States

Industry: General Industrial Headquarters: United States Rigid Type of Buyer: Strategic Industry: Industry: Industry: Exit Date: February 2018 Packaging Building Products Food & Beverage Headquarters: Headquarters: Headquarters: Business Description: Germany United States United States Aclara is a leading supplier of smart infrastructure solutions to electric, gas and water utilities

Value Creation: Since acquisition in 2014, Aclara has more than quadrupled EBITDA Industry: Industry: Industry: via several initiatives including: General Industrial Automotive General Industrial Developing new product lines and capabilities Headquarters: Headquarters: Headquarters:  United States United States United States Implementing procurement excellence and investing in Research and Development  Completing four add-on acquisitions, including GE’s global electric meter business Industry: General Consumer Headquarters: United States

2018 HIGHLIGHTS 2018 HIGHLIGHTS 6 7 SPOTLIGHT ADD-ON ACQUISITIONS OTHER 2018 ADD-ON ACQUISITIONS

Industry: Industry: Industry: Consumer Goods Packaging Business Services Acquired by: Acquired by: Acquired by: Flamingo Horticulture Coveris Americas Horizon Services Headquarters: Headquarters: Headquarters: The Netherlands Ecuador United States Acquires:

US Distributor and Franchisee & HQ: Atlanta, GA HQ: King of Prussia, PA HQ: Fort Lee, NJ Belgian Distributor

Industry: Industry: Industry: Industry: Business Services Retail General Industrial General Consumer

Investment Overview: Acquired by: Acquired by: Acquired by: FFO Home C&K Scotch & Soda Since inception in 2017, Horizon has completed six add-on acquisitions Headquarters: Headquarters: Headquarters:  United States France United States & Belgium All three 2018 acquisitions allow Horizon to expand into new geographies and continue to grow customer base  Several Warren Evans Stores Opportunity to implement best practices (Acquisition of and marketing initiatives to drive growth the trade and assets)  Industry: Industry: Industry: Potential for savings from procurement synergies Business Services Retail Business Services and other operational improvement initiatives Acquired by: Acquired by: Acquired by: Horizon Services Dreams Horizon Services Headquarters: Headquarters: Headquarters: United States United Kingdom United States

2018 HIGHLIGHTS 2018 HIGHLIGHTS 8 9 2018 FINANCINGS SELECT 2018 FINANCINGS

Financing Type: Financing Type: Financing Type: Senior Secured Senior Secured Factoring Amount Financed: Amount Financed: Amount Financed: $270,000,000 €238,000,000 €75,000,000

FINANCINGS » 18 Financing Type: Financing Type: Financing Type: Senior Secured Notes Senior Secured Asset Based 2018 AMOUNT Amount Financed: Amount Financed: Amount Financed: FINANCED » $1.5 Billion €310,000,000 €41,000,000 $145,000,000

Financing Type: Financing Type: Financing Type: Senior Secured Senior Secured Asset Based Amount Financed: Amount Financed: Amount Financed: $90,000,000 $60,500,000 $80,000,000

2018 HIGHLIGHTS 2018 HIGHLIGHTS 10 11 INDUSTRY FOCUS SELECT CURRENT PORTFOLIO

NORTH AMERICA EUROPE

AMES Taping Tools BTX Group Arrow Tru-Line Dreams Bar Louie ESIM Chemicals Boston Market Famosa C&K Flabeg ClearChoice Flamingo Horticulture FFO Home Flexitech Horizon Fresh-Pak Chilled Foods Johnny Rockets Scotch & Soda Regal Drive Technologies Tier One Relocation Trulite Glass & Aluminum Simply Beautiful Smiles CONSUMER INDUSTRIAL OTHER Smokey Bones StonePoint Materials Unico Technologies Drive General Consumer General Industrial & Aerospace & Defense Windsor Fashions Food & Beverage Distribution Business Services Restaurants Building Products Energy/Oil & Gas Retail & Direct Auto & Heavy Duty Healthcare to Consumer Chemicals Technology Packaging

*Full list of portfolio companies at www.suncappart.com

2018 HIGHLIGHTS 2018 HIGHLIGHTS 12 13 TRANSACTION SENIOR TEAM TRANSACTION SENIOR TEAM

BOCA RATON LOS ANGELES LONDON

5200 Town Center Circle, 4th Floor 11111 Santa Monica Blvd, Suite 1050 2 Park Street, 1st Floor Boca Raton, FL 33486 Los Angeles, CA 90025 London W1K 2HX

M. Steven Liff Daniel Florian Matthew Garff Paul Daccus Chris Carney Elena Filekova Senior Managing Director Managing Director Managing Director Managing Director Principal Principal [email protected] [email protected] [email protected] [email protected] [email protected] [email protected]

Jeremy Stone Rossen Georgiev Jordan Wadsworth Managing Director Principal Managing Director [email protected] [email protected] [email protected] NEW YORK

100 Park Avenue, Suite 2900 New York, NY 10017

Aaron Wolfe Jared Wien Todd Plosker Managing Director Managing Director Managing Director [email protected] [email protected] Head of Capital Markets [email protected] 2018 HIGHLIGHTS 2018 HIGHLIGHTS 14 15 CONTACT US

FIRM OVERVIEW

BOCA RATON LONDON* Sun Capital Partners, Inc. is a global private equity firm focused on identifying companies’ untapped potential and leveraging its Sun Capital Partners, Inc. Sun European Partners, LLP 5200 Town Center Circle, 4th Floor 2 Park Street, 1st Floor deep operational and financial resources to transform results. Boca Raton, FL 33486 London W1K 2HX Sun Capital is a trusted partner that is recognized for its investment and 561.394.0550 +44 207.318.1100 operational experience, including particular expertise in the consumer products and services, food and beverage, industrial, packaging, NEW YORK SHENZHEN* chemicals, building products, automotive, restaurant and retail sectors. Since 1995, Sun Capital has invested in more than 365 companies worldwide Sun Capital Partners, Inc. Sun Capital Partners Sourcing, LLC with revenues of approximately $50 billion across a broad range of 100 Park Avenue, Suite 2900 Block A, World Finance Center New York, NY 10017 4003 Shennan East Road industries and transaction structures. Sun Capital has offices in Boca Raton, 212.588.9156 Luohu District, Shenzhen Los Angeles and New York, and affiliates in London and Shenzhen. +86 755.2598.1628 LOS ANGELES

Sun Capital Partners, Inc. 11111 Santa Monica Blvd, Suite 1050 Los Angeles, CA 90025 310.473.1116

*Location of an affiliate of Sun Capital Partners, Inc.

2018 HIGHLIGHTS 16 This 2018 Highlights and Year-End Summary contains information regarding a subset of investments made by affiliates of Sun Capital Partners, Inc. and does not represent all investments or exits made by such affiliates. Portfolio company financial information presented on page 3 represents select private equity investments and exits made by affiliates of Sun Capital Partners, Inc. during 2018. It should not be assumed that any investments discussed herein were or will be profitable, or that any other investments will have similar characteristics. Past performance is not necessarily indicative of future results. Portfolio company information identified herein may not be representative of the entire portfolio and results may vary. The views expressed herein reflect the opinions of Sun Capital Partners, Inc. as of February 2019 and are subject to change. Nothing herein constitutes an offer or solicitation of an offer to buy any security.