Valmont Industries, Inc. · NYSE:VMI
Valmont Industries — William Blair 45th Annual Growth Stock Conference (June 2025)
15 slides from Valmont Industries's conference presentation, Jun 4, 2025
Slide 1: William Blair 45th Annual Growth Stock Conference
Valmont® © 2025 Industries, Inc. William Blair 45th Annual Growth Stock Conference June 4, 2025
Slide 2: Disclosure Regarding Forward-Looking Statements
These slides (and the accompanying oral discussion) contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on assumptions made by management, considering its experience in the industries where Valmont operates, percep
Slide 3: Valmont Snapshot
Valmont Industries, Inc. | Valmont Snapshot (NYSE: VMI) June 4, 2025 $4.1B 2024 Net Sales Omaha, NE Headquarters $6.5B Market Cap1 ~11,000 Global Employees 100+ Countries of Operation 83 Manufacturing Facilities 2024 Net Sales ($M) 2024 Segment Operating Income ($M) and Margin 71% USA & CANADA 7% LA
Slide 4: Infrastructure Portfolio
Valmont Industries, Inc. | Infrastructure Portfolio 4 June 4, 2025 UTILITY L&T COATINGS TELECOM SOLAR Products Transmission, distribution & substation Finishing services, galvanizing and painting Components, macro towers, concealment, small cell Single-axis tracker 46% 29% 12% 8% 5% Market Drivers •
Slide 5: Agriculture Portfolio
Valmont Industries, Inc. | IRRIGATION EQUIPMENT AND PARTS Center pivot; linear and corner irrigation systems; aftermarket parts and tubular products 91% • Grower income, driven by commodity prices, interest rates, and input costs • Conversion from no irrigation or less efficient systems, and replace
Slide 6: Long-term global megatrends
Valmont Industries, Inc. | June 4, 2025 Multi-Year Energy Transition The transition to more diverse energy generation, including renewables, will require innovative, engineered structures to connect in new ways. Aging Infrastructure & Resilience Stronger, more reliable infrastructure is needed to re
Slide 7: 2025 Critical Objectives to Build on Past Success
2025 Critical Objectives to Build on Past Success Catch the Global Infrastructure Wave • Investing in new capabilities and capacity across our footprint to meet growing demand • Capitalizing on the largest opportunities in our Utility business Position Agriculture for Growth • Demonstrating resilien
Slide 8: Path to Revenue Growth and Margin Expansion
$2,895 $3,502 $4,345 $4,175 $4,075 $4,100 2020 2021 2022 2023 2024 2025 Guidance2 Path to Revenue Growth and Margin Expansion Expand capacity - Utility Increase factory productivity - Advanced scheduling - Lean initiatives - Automation Grow high margin products & services Aftermarket & Tech connecti
Slide 9: Disciplined and Balanced Capital Allocation Driving Shareholder Value
Valmont Industries, Inc. | June 4, 2025 Disciplined and Balanced Capital Allocation Driving Shareholder Value Capital Allocation Priorities ~50% Growing Our Business Capital Expenditures • Increasing annual CapEx run rate to ~$150M in the near-term, up from ~$95M • Investments to catch the infrastru
Slide 10: Why Invest in Valmont
Why Invest in Valmont Executing a focused strategy to achieve long-term financial targets 1 VMI sales growth through the Agriculture cycle; organic sales growth only Serving High Growth Markets Expanding Margins and Generating Significant Cash Flow Increasing Shareholder Returns with Balanced Capita
Slide 11: Q&A
Q&A 11 Valmont Industries, Inc. | June 4, 2025
Slide 12: Appendix
Appendix 12 Valmont Industries, Inc. | June 4, 2025
Slide 13: Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures
Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures Management utilizes non-GAAP financial measures to assess the Company’s historical and prospective financial performance, evaluate operational profitability on a consistent basis, factor into executive compensation decision
Slide 14: Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures
Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures In thousands 1Earnings per share includes rounding. 2The tax effect of adjustments is calculated based on the income tax rate in each applicable jurisdiction. 14 Valmont Industries, Inc. | June 4, 2025
Slide 15: Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures
Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures In thousands, except per-share amounts 15 Valmont Industries, Inc. | June 4, 2025
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