Azz Inc. · NYSE:AZZ
Azz — Non-Deal Roadshow (June 2009)
29 slides from Azz's roadshow presentation, Jun 30, 2009
Slide 1: Structured for sustainability
— Structured for sustainability
Slide 2: Forward Looking Statement
Except for the statements of historical fact, this release 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 i
Slide 3: Company Overview
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
44% 45% 56% 55% 42% 58% Total Company Sales By Segment Actual FY2008 $320.2 (in millions) Actual FY2009 $412.4 (in millions) Projected FY2010 $370 to $390 (in millions) Galvanizing Electrical and Industrial
Slide 5: Total Company Sales By Market Segment
Total Company Sales By Market Segment Actual FY2008 $320.2 (in millions) Actual FY2009 $412.4 (in millions) Projected FY2010 $370 to $390 (in millions)
Slide 6: Electrical and Industrial Products
Electrical and Industrial Products
Slide 7: Electrical and Industrial Products
Electrical and Industrial Products Projected $220 to $230 (in millions)
Slide 8: Power Plant Generation
Power Plant GENERATION a Structured for sustainabilit
Slide 9: Transformer
-_ tt Transformer Structured for sustainabilit
Slide 10: Power Distribution
Power Distribution
Slide 11: ired_for_sustainabilit
ired_for_sustainabilit
Slide 12: Backlog
Backlog ($ In Millions)
Slide 13: Backlog ($ In Millions)
Fiscal 2008 Fiscal 2009 1 st Qtr 2010 Beginning Backlog $120.7 $134.9 $174.8 Bookings $334.4 $452.3 $70.7 Shipments $320.2 $412.4 $95.5 Ending Backlog $134.9 $174.8 $150.0 Book to Ship Ratio 104% 106% 74% Backlog ($ In Millions)
Slide 14: Galvanizing Services
Structured for nabilit
Slide 15: Galvanizing application and locations
Application: “After-fabrication” steel corrosion protection Locations: 20 facilities in 11 states
Slide 16: Galvanizing Services
Galvanizing Services Actual FY2009 $186.6 (in millions) Projected FY2010 $150 to $160 (in millions)
Slide 17: Financial Review
— Structured for sustainability
Slide 18: Consolidated Net Sales
Consolidated Net Sales ($ In Millions) $370 to $390
Slide 19: Consolidated Net Sales First Three Months FY10
Consolidated Net Sales First Three Months FY10 ($ In Millions) $100.0 99.9 $95.5 $80.0 +; $60.0 + $40.0 + $20.0 + $0.0 T YTD 5/31/08 YTD 5/31/09 Structured for sustainability
Slide 20: Earnings Per Share (Fully Diluted)
Earnings Per Share (Fully Diluted) $2.70 to $2.90
Slide 21: Earnings Per Share First Three Months FY10
Earnings Per Share First Three Months FY10 (Fully Diluted) $1.00 $0.82 $0.80 $0.75 $0.50 $0.25 $0.00 = T YTD 5/31/08 YTD 5/31/09 Structured for sustainability
Slide 22: Segment operating margins
Electrical and Industrial Products 20.0% 18.0% 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 16.3% 72% 17.0% 14.2% 2006 2007 2008 2009 2010 @ Actual @ Projected 30% 25% 20% 15% + 10% 5% 0% Galvanizing Services 29% 28.5% 24.9% aan 20% 2006 2007 2008 2009 2010 @ Actual @ Projected
Slide 23: Electrical and Industrial Products
Electrical and Industrial Products
Slide 24: Cash Provided By Operations/EBITDA/Free Cash Flow
Cash Provided By Operations/ EBITDA/Free Cash Flow ($ In Millions) $85.0 + $75.0 + $65.0 + $55.0 + $45.0 5 $35.0 + $25.0 + $15.0 + $5.0 + $5.0) - $5.0)" 5003 2004 2005 2006 2007 2008 2009 2010 Fiscal Year -—@Cash Pro. By Oper. -*-Free Cash Flow -®-EBITDA -- Structured for sustainability
Slide 25: Total Bank Debt/Long Term Debt to Equity
Total Bank Debt/ Long Term Debt to Equity ($ In Millions) Projected Debt Projected Debt to Equity Ratio Projected Cash Fiscal Year
Slide 26: Capital Expenditures/Depreciation
Capital Expenditures/Depreciation ($ In Millions) $14.6
Slide 27: Segment returns
30% 5 25% 20% 15% 10% 5% 0% Electrical and Industrial Products 29% 26% 7 22% 2006 2007 2008 2009 @ Actual 50% 40% 30% 20% 10% 0% Galvanizing Services 49% 50% 46% 27% 2006 2007 2008 2009 @ Actual Structured for ainability
Slide 28: Investment Summary
Investment Summary • Strong Historical Performance » FY09 was 22 nd consecutive year of profitability » 5 Yr CAGR - Revenues 25%, Net Income 58%, EPS 54% » Significant Operating Margins (above industry averages) • Key Growth Drivers » Domestic & international demand for electrical power and energy »
Slide 29: Structured for sustainability
— Structured for sustainability