Valmont Industries, Inc. · NYSE:VMI
Valmont Industries — Investor Presentation (September 2026)
23 slides from Valmont Industries's investor presentation, Sep 24, 2026
Slide 1: Investor Presentation
Conserving Resources. Improving Life.® Investor Presentation September 24, 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: John Schwietz and Renee Campbell
John Schwietz, CFO Renee Campbell, SVP Capital Markets & Risk 3 September 24, 2026 | Valmont Industries, Inc.
Slide 4: Leading with Purpose for More than 80 Years
Leading with Purpose for More than 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
Slide 5: Valmont At-A-Glance
Valmont At-A-Glance Trusted Partner for Global Infrastructure and Agriculture Markets 2025 Net Sales Omaha, NE $9B+ 5% South Headquarters Market Cap1 11% America APAC 25% Agriculture $538M | 13.1% 10% 74% EMEA By Geography North By Segment $4.1B 2025 Adjusted2 America 2025 Net Sales Operating Income
Slide 6: Solving Some of the World's Greatest Challenges
Solving Some of the World’s Greatest Challenges INDUSTRY Rising Energy & Aging Infrastructure Productivity & CHALLENGE Connectivity Demand & Resilience Resource Efficiency VALMONT Infrastructure that expands the Engineered solutions for Technology-enhanced pivots SOLUTIONS grid, connects power sourc
Slide 7: Positioned to Win Through Expertise and Reliability
Positioned to Win Through Expertise and Reliability Commercial Leadership Industry-Leading Resilient Operational in Durable Markets Engineering Foundation Deep industry & technical expertise 40+ years of utility structures High-value, integrated manufacturing and long-standing customer engineering e
Slide 8: Delivering Industry-Leading Solutions in Critical Markets
Delivering Industry-Leading Solutions in Critical Markets 2025 Net Sales in Millions INFRASTRUCTURE AGRICULTURE NA LIGHTING & IRRIGATION & NA UTILITY NA COATINGS NA TELECOM INTERNATIONAL TRANSPORTATION AG TECH $1,471 $236 $509 $293 $590 $1,021 Transmission, Finishing services, Lighting, Components,
Slide 9: Resilient Utility Market Through 2030 Expected to Drive Growth
Resilient Utility Market Through 2030 Expected to Drive Growth UTILITY INDUSTRY VALMONT NORTH AMERICA UTILITY CapEx SAM Pipeline Net Sales $1.4T $53B $6.7B $2.5B Cumulative CapEx Cumulative Highly Visible 2029E Net Sales Forecast1 Valmont TD&S 2026-2029E 13% CAGR Market Opportunity Valmont Spe
Slide 10: Value Drivers: Delivering Long-Term Profitable Growth
Value Drivers: Delivering Long-Term Profitable Growth 2025 – 2029E Approximate Incremental Contribution Sales Adjusted1 Diluted EPS Capture Utility partnerships with key 2029E Financial market leaders Above-Market $1B $10 Outlook Growth in Utility Capacity and throughput expansions Drive strategic c
Slide 11: Financial Outlook Summary
Financial Outlook Summary KEY ASSUMPTIONS Utility market growth Net Sales ($B) Operating Margin Continued softness in agriculture markets +7.1% +390 CAGR $5.4 bps 17.0% $4.1 13.1% ~26% tax rate Does not include M&A or balance sheet leverage 2025 2029E 2025 Adj. 2 2029E No material change i
Slide 12: Disciplined Capital Allocation Strategy Aligned With Core Business Needs
Disciplined Capital Allocation Strategy Aligned With Core Business Needs 2025 OPERATING CASH FLOW ALLOCATION CAPITAL ALLOCATION PRIORITIES Operating capital investment to support organic 10% 1 growth, primarily for Utility 30% 50% 50% Programmatic share repurchases strategy to 2 Returning Growing Ou
Slide 13: 2026-2029 Cash Flow and Balance Sheet Flexibility Supports Capital Deployment Capacity
2026-2029 Cash Flow and Balance Sheet Flexibility Supports Capital Deployment Capacity $ in Billions Key Capital Allocation $1.2 $2.7 Highlights $2.5 $1.0 Revolver Flex Up Strong earnings supports Maintenance meaningful cash flow generation Growth CapEx Revolver $1.5 Balance sheet strength provides
Slide 14: A System Built to Convert Durable Demand Into Shareholder Value
A System Built to Convert Durable Demand Into Shareholder Value x = WHY WE WIN VALUE DRIVERS DURABLE SHAREHOLDER Market Leadership & Capture Above-Market VALUE Embedded Customer Growth in Utility Relationships Expect to Achieve Strengthen to Unlock Industry-Leading Engineering Efficiency & Performan
Slide 15: Questions
Questions 15 September 24, 2026 | Valmont Industries, Inc.
Slide 16: Appendix
Appendix 16 September 24, 2026 | Valmont Industries, Inc.
Slide 17: Steel Material Index Trends
Steel Material Index Trends Utility is most affected by steel cost changes due to the contractual pricing mechanisms and a strong backlog. Source: FastMarketsAMM; Updated: July 1, 2026. 17 September 24, 2026 | Valmont Industries, Inc.
Slide 18: U.S. Net Cash Farm Income by Year
U.S. Net Cash Farm Income by Year Source: USDA; Updated: February 5, 2026. 18 September 24, 2026 | Valmont Industries, Inc.
Slide 19: Product Line Revisions
Product Line Revisions In Thousands Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 NA Utility 332,836 341,187 381,656 414,912 1,470,591 424,184 NA Lighting and Transportation 124,123 133,765 130,369 120,982 509,239 118,652 NA Coatings 55,708 59,185 61,251 60,144 236,288 63,134 NA Telecommunications
Slide 20: 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 21: 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 2025 Diluted Fifty-two earnings weeks ended per share Net earnings attributable to Valmont Industries, Inc. including change in redemption value of redeemable noncontrolling interests
Slide 22: Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures
Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures In Thousands 22 September 24, 2026 | Valmont Industries, Inc.
Slide 23: Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures
Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures In Thousands 23 September 24, 2026 | Valmont Industries, Inc.
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