Azz Inc. · NYSE:AZZ
Azz — Investor Presentation (April 2010)
27 slides from Azz's investor presentation, Apr 19, 2010
Slide 1: Structured for sustainability
—_ Structured for sustainability
Slide 2: Forward Looking Statement
2 Except for the statements of historical fact, this report may contain forward-looking statements that involve risks and uncertainties some of which are detailed from time to time in documents filed by the company with the SEC. Those risks and uncertainties include, but are not limited to: changes
Slide 3: Company Overview
3 AZZ is a specialty electrical equipment manufacturer serving the global markets of power generation, transmission, distribution and industrial as well as a leading provider of hot dip galvanizing services to the steel fabrication market nationwide. Company Overview
Slide 4: Total Company Sales By Segment
45% 43% 55% 57% 51% 49% 4 Total Company Sales By Segment Actual FY2009 $412.4 (in millions) Actual FY2010 $357 (in millions) Projected FY2011 $310 to $330 (in millions) Galvanizing Electrical and Industrial
Slide 5: Total Company Sales By Market Segment
5 Total Company Sales By Market Segment Actual FY2009 $412.4 (in millions) Actual FY2010 $357 (in millions) Projected FY2011 $310 to $330 (in millions)
Slide 6: Electrical and Industrial Products
6 Electrical and Industrial Products
Slide 7: Electrical and Industrial Products
7 Electrical and Industrial Products Projected 2011 $150 to $160 (in millions)
Slide 8: Power Plant Generation
Power Plant GENERATION a Structured for sustainabilit
Slide 9: Structured for sustainabilit
Structured for sustainabilit
Slide 10: Power Distribution
10 Power Distribution
Slide 11: Industrial / Commercial
11 Industrial / Commercial
Slide 12: $160 ao we &
$200 OP 4 $180 - $160 ao we & jr ea ie 3 K OP $140 x a” ° $120 xs $100 +,¢ oe $80 ie s¥ 9 $60 ae sr Coe yt 4 $40 $20 AE SEEESEASIEAS STALELEL SENS SIEEEEE Structured for sustainabilit
Slide 13: Backlog
13 Fiscal 2009 1 st Qtr 2010 2 nd Qtr 2010 3 rd Qtr 2010 4 th Qtr 2010 Fiscal 2010 Beginning Backlog $134.9 $174.8 $150.0 $139.4 $131.8 $174.8 Bookings $452.3 $70.7 $84.5 $73.9 $63.0 $292.1 Shipments $412.4 $95.5 $95.2 $81.5 $84.9 $357.0 Ending Backlog $174.8 $150.0 $139.4 $131.8 $109.9 $109.9 Book
Slide 14: Structured for nabilit
Structured for nabilit
Slide 15: Galvanizing application and locations
15 Application: “After-fabrication” steel corrosion protection Locations: 22 facilities in 13 states
Slide 16: Galvanizing facility locations
TULSA, OK (2 a KANSAS CITY, MO. CANTON, OH BENWOOD, WV ® LOUISVILLE, KY NASHVILLE, TN COMMERCE, CO HURST, TX ST. LOUIS, MO HOUSTON, TX Structured _for_sustainal
Slide 17: Galvanizing Services
17 Galvanizing Services Actual FY2010 $153.7 (in millions) Projected FY2011 $160 to $170 (in millions)
Slide 18: Structured for sustainability
— Structured for sustainability
Slide 19: Consolidated Net Sales
19 Consolidated Net Sales ($ In Millions) $310 to $330
Slide 20: Earnings Per Share (Fully Diluted)
20 Earnings Per Share (Fully Diluted) $1.85 to $2.20
Slide 21: Electrical and Industrial Products and Galvanizing Services margins
Electrical and Industrial Products 20.0% 20.0% 72% 18.0% 16.3% © 16.0% 14.5% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 2007 2008 2009 2010 2011 Actual @ Projected 30% 25% 20% 15% 10% 5% 0% Galvanizing Services 29.0% 28,5%29-2% 24.9% 25% 2007 2008 2009 2010 2011 @Actual WProjected Structured for sus
Slide 22: Cash Provided By Operations / EBITDA / Free Cash Flow
Cash Provided By Operations / EBITDA / Free Cash Flow ($ In Millions) T T T T 1 2003 2004 2005 2006 2007 2008 2009 2010 2011 Fiscal Year -@Cash Pro. By Oper. -&-Free Cash Flow ~-%-EBITDA --
Slide 23: Total Bank Debt / Long Term Debt to Equity
23 Total Bank Debt / Long Term Debt to Equity ($ In Millions) Projected Debt Projected Debt to Equity Ratio Projected Cash Fiscal Year
Slide 24: Capital Expenditures / Depreciation
24 Capital Expenditures / Depreciation ($ In Millions) $17.0
Slide 25: Electrical and Industrial Products and Galvanizing Services
Electrical and Industrial Galvanizing Services Products 29% 29% 30% y 50% ° 26% 50% 12% 46% : 25% 22% 40% 20% 32% 30% 15% 20% 10% 9 i 10% 0% 4 O% 2007 2008 2009 2010 2007 2008 2009 2010 @ Actual @ Actual Structured for sustainability
Slide 26: Investment Summary
26 Investment Summary • Strong Historical Performance Ø FY10 was 23 rd consecutive year of profitability Ø 5 Yr CAGR - Revenues 19%, Net Income 51%, EPS 47% Ø Significant Operating Margins (above industry averages) • Key Growth Drivers Ø Domestic & international demand for electrical power and energ
Slide 27: Structured for sustainability
—_ Structured for sustainability