Valmont Industries, Inc. · NYSE:VMI
Valmont Industries — Corporate Update (March 2020)
10 slides from Valmont Industries's corporate update, Mar 26, 2020
Slide 1: Perspectives and Observations on the COVID-19 Impact
Perspectives and Observations on the COVID-19 Impact March 26, 2020
Slide 2: Key Messages
Key Messages Our businesses support critical infrastructure sectors as defined by the Department of Homeland Security (CISA.gov) and similar global government agencies. These sectors are deemed to be vital, such that their incapacitation would have a debilitating effect on security, national economi
Slide 3: General Overview
General Overview The COVID-19 pandemic is evolving every day, and although its ultimate reach is uncertain, we want to share our current perspectives on the impact on our business so far, and the potential future impact on each of our four business segments and our balance sheet. We have also summar
Slide 4: Observations
Observations • Valmont products and solutions support critical infrastructure sectors as defined by the Department of 01 Homeland Security (CISA.gov) and similar global government agencies. − Communication: Wireless communication structures and components (ESS) − Energy: Utility transmission and dis
Slide 5: Future Impact of COVID-19 Varies Across Diversified Portfolio
Future Impact of COVID-19 Varies Across Diversified Portfolio Valmont FY19 Segment Operating Income ($M) Estimated Risk Profile Due to COVID-19 UTILITY ESS • Supports critical infrastructure sector (Energy) to help ensure • Variety of demand drivers across multiple product lines and geographies unin
Slide 6: Strong Balance Sheet and Liquidity to Endure COVID-19 Uncertainty
Strong Balance Sheet and Liquidity to Endure COVID-19 Uncertainty AS OF MARCH 25, 2020 Cash1 $280.0M Available Credit under Revolving 4 $547.0M Total Debt (Long-Term) 2 $787.5M Credit Facility Shareholders’ Equity2 $1,156.9M Cash 280.0M Total Debt to Adj. EBITDA3 2.4x Total Available Liquidity $827.
Slide 7: Pandemic Plan and Safety Protocols
Pandemic Plan and Safety Protocols Valmont has implemented enhanced protocols in response to COVID-19, including recommendations and requirements issued by the Centers for Disease Control and Prevention (“CDC”), World Health Organization (“WHO”) and local, state and national health authorities, to p
Slide 8: Appendix
APPENDIX 8 | March 26, 2020 | Valmont Industries, Inc.
Slide 9: Disclaimer and Forward-looking Statement Disclosure
Disclaimer and Forward-looking Statement Disclosure This Valmont Industries, Inc. (the “Company”) presentation is solely for your information, is subject to change and speaks only as of the date hereof. This presentation is not complete and is only a summary of the more detailed information included
Slide 10: Calculation of Adjusted EBITDA and Leverage Ratio
Calculation of Adjusted EBITDA and Leverage Ratio Certain of our debt agreements contain covenants that require us to maintain certain coverage ratios. Our Debt/Adjusted EBITDA may not exceed 3.5x Adjusted EBITDA (or 3.75x Adjusted EBITDA after certain material acquisitions) of the prior four quarte