Valmont Industries, Inc. · NYSE:VMI
Valmont Industries — Investor Presentation (February 2026)
18 slides from Valmont Industries's investor presentation, Feb 19, 2026
Slide 1: Conserving Resources. Improving Life. Investor Presentation
Conserving Resources. Improving Life.® Investor Presentation February 2026 © 2026 Valmont® Industries, Inc.
Slide 2: Disclosure Regarding Forward-Looking Statements
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
Slide 3: Presenters
Avner Applbaum, President & CEO Tom Liguori, CFO Renee Campbell, SVP Capital Markets & Risk 3 February 19, 2026 | Valmont Industries, Inc.
Slide 4: Leading with Purpose for Nearly 80 Years
Leading with Purpose for Nearly 80 Years Conserving Resources. Improving Life.® • Founded in 1946, in Valley, NE, by Robert Daugherty • Created the mechanized irrigation industry with the center pivot in 1954 – remains the industry standard • Evolved steel pipe and tubing manufacturing to include ta
Slide 5: Valmont Snapshot (NYSE: VMI)
Valmont Snapshot (NYSE: VMI) Omaha, NE $4.1B $9.4B 100+ ~11,000 Headquarters 2025 Net Sales Market Cap1 Countries of Operation Global Employees Net Sales By Geography Net Sales ($M) Segment Adjusted2 Operating Income ($M) and Margin 74% 10% NORTH $535 EMEA $3,090 AMERICA 17.3% Infrastructure Agricul
Slide 6: Market Drivers
Market Drivers Energy Demand & Connectivity Demand for power and data are increasing due to advancements in technology and electrification. Innovative, engineered infrastructure is needed to expand the grid, connect power sources to communities, and reliably deliver energy and information. Aging Sys
Slide 7: Uniquely Positioned to Win in Infrastructure and Agriculture
Uniquely Positioned to Win in Infrastructure and Agriculture Industry Leading Engineering Commercial Execution Operational Excellence • Innovative solutions to solve • Unmatched sales and service • High-value, complex complex customer challenges channel partners manufacturing capabilities across a g
Slide 8: Infrastructure Portfolio
Infrastructure Portfolio UTILITY L&T COATINGS TELECOM % of 2025 Sales1 49% 27% 12% 10% Products Transmission, Lighting structures, Finishing services, Components, macro distribution & traffic & sign structures, galvanizing and towers, concealment, substation highway safety painting small cell Market
Slide 9: Agriculture Portfolio
Agriculture Portfolio IRRIGATION EQUIPMENT TECHNOLOGY PRODUCTS INTERNATIONAL SALES AND PARTS AND SERVICES % of 2025 Sales 91% 9% 50% Products Center pivot; linear and corner Suite of technology solutions; International sales and large-scale irrigation systems; aftermarket parts advanced monitoring,
Slide 10: Consistent Execution Drives Improving Results
Consistent Execution Drives Improving Results Dollars in millions, except per-share amounts Net Sales Adjusted1 Operating Adjusted1 Diluted EPS Income $4,345 $4,175 $4,300 $623 $22.00 $4,075 $4,101 $538 $19.09 $3,502 $525 $450 $473 $17.19 $14.98 $13.82 $334 $10.92 9.5% 10.3% 11.3% 12.9% 13.1% 14.5%
Slide 11: Value Drivers: Progressing Toward Our Long-Term Strategy
Value Drivers: Progressing Toward Our Long-Term Strategy Roadmap to Add $500 to $700M Revenue; Potential $25 to $30 EPS in 3-4 Years: 2025 Progress: Catch the +$350 to $400M Revenue Deployed $107M capex to NA Utility capacity increases, greater Infrastructure led to $143M of Infrastructure throughpu
Slide 12: Capital Allocation Priorities
Capital Allocation Priorities Illustrative Use of Cash Over the Next 3-5 Years ~50% Growing Our Business Dividends Capital • Increasing annual CapEx run rate to $150 - $200M in the near-term Expenditures • Investments to catch the infrastructure wave and support growth Capital Expenditures • Strateg
Slide 13: Why Invest in Valmont
Why Invest in Valmont Expanding Margins and Increasing Shareholder Serving High Growth Generating Significant Returns with Balanced Markets Cash Flow Capital Allocation Aligned with end markets Pricing excellence to Disciplined approach supported by long-term reflect the differentiated balancing gro
Slide 14: Save the Date: Investor Day
SAVE THE DATE: INVESTOR DAY June 16, 2026 | New York City A formal invitation to register for in-person or virtual attendance will be provided in the coming weeks. Due to space availability, the number of in-person participants will be limited and advance registration is required. 14 February 19, 20
Slide 15: Appendix
Appendix 15 February 19, 2026 | Valmont Industries, Inc.
Slide 16: 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 17: 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 Fifty-two Fifty-three Fifty-two Fifty-two Fifty-two weeks ended weeks ended weeks ended weeks ended weeks ended Operating Income Reconciliation 2021 2022 2023 2024 2025 Operating incom
Slide 18: Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures
Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures In thousands 2021 2022 2023 2024 2025 Diluted Diluted Diluted Diluted Diluted Fifty-two earnings Fifty-three earnings Fifty-two earnings Fifty-two earnings Fifty-two earnings 1 1 1 1 1 weeks ended per share weeks ended per
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