Azz Inc. · NYSE:AZZ
Azz — Q2 FY2022 Earnings Presentation
16 slides from Azz's earnings presentation, Oct 12, 2021
Slide 1: AZZ Inc. Q2 FY2022 Earnings Release Presentation
AZZ Inc. Q2 FY2022 Earnings Release Presentation October 12, 2021
Slide 2: Safe Harbor Statement
Q2 FY2022 EARNINGS PRESENTATION Safe Harbor Statement Certain statements herein about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-lookin
Slide 3: Q2 FY2022 Segment Performance Update
Q2 FY2022 EARNINGS PRESENTATION Q2 FY2022 Segment Performance Update Total Q2 FY2022 Sales: $216.4 million Metal Coatings Infrastructure Segment Solutions Segment $129.6 $86.8 10.7% vs. Q2 FY2021 0.6% vs. Q2 FY2021 Segment Updates • Sales up over prior year, on strong demand from • Overall segment s
Slide 4: Summary - Consolidated
Q2 FY2022 EARNINGS PRESENTATION Legend: Q2 FY2022 Summary - Consolidated (r) – Reported (a) – Adjusted In $ millions, except per share amounts Sales Net Income Diluted EPS +6.4% +46.3% (a) +55.1% (a) $0.76 $216.4 $203.4 $0.49 $18.9 $13.0 -$1.8 -$0.07 FY2021 FY2022 FY2021(r) FY2021(a) FY2022 FY2021 (
Slide 5: Segment Results – Metal Coatings
Q2 FY2022 EARNINGS PRESENTATION Legend: Q2 FY2022 Segment Results – Metal Coatings (r) – Reported (a) – Adjusted In $ millions except percentages Sales Operating Income Operating Margin 10.7% 17.3% Key Statistics 140 bps $129.6 FY2021 Sales $117.0 $117.0 $31.6 23.0% 24.4% $26.9 Organic $10.3 $15.6 1
Slide 6: Segment Results – Infrastructure Solutions
Q2 FY2022 EARNINGS PRESENTATION Legend: Q2 FY2022 Segment Results – Infrastructure Solutions (r) – Reported (a) – Adjusted In $ millions except percentages Sales Operating Income Operating Margin Key Statistics +0.6% +129.6% +460 bps FY 2021 Sales $86.3 $7.0 FY2021 Book to Ship 1.03 to 1 $86.3 $86.8
Slide 7: FY2022 – Updated Full Year Financial Guidance
Q2 FY2022 EARNINGS PRESENTATION FY2022 – Updated Full Year Financial Guidance Previous Range Updated Range Key Drivers: Metal Coatings: In millions, except for EPS • Volume/mix and steel availability for customers • Ability to realize price as production costs increase Sales $855-935 $865 - $925 Inf
Slide 8: Consolidated Results
Q2 FY2022 EARNINGS PRESENTATION Legend: Q2 FY2022 Consolidated Results (r) – Reported (a) – Adjusted In $ millions, except for EPS and % Change, percentages Q2 FY Q2 FY 2021 Q2 FY 2021 vs. Prior 2022 Reported Adjusted Year (a) Sales $216.4 $203.4 $203.4 6.4% Gross Profit $55.1 $46.1 $46.1 19.6% Gros
Slide 9: FY 2022 Year-to-date Cash Flow Highlights
Q2 FY2022 EARNINGS PRESENTATION Legend: FY 2022 Year-to-date Cash Flow Highlights (r) – Reported (a) – Adjusted In $ millions, except for percentages YTD YTD YTD FY 2022 FY 2021 (a) FY 2021 (r) Cash flows used in operating activities $37.8 $32.2 $32.2 Less: Capital Expenditures $(13.1) $(19.3) $(19.
Slide 10: Capital Allocation Focused on Growth
Q2 FY2022 EARNINGS PRESENTATION Capital Allocation Focused on Growth In $ millions Q2 2022 Capital Deployment • Safety, Health and Environmental Capital • Facility maintenance • Product/technology growth initiatives Expenditures • $5.1M in quarter; $14.0M YTD Growth • Full year estimate $35.0M $15.0
Slide 11: Key Indicators
Q2 FY2022 EARNINGS PRESENTATION Key Indicators Metal Coatings Segment Fabrication activity remains solid for Q3; some customers experiencing intermittent steel shortages. Active hurricane season in gulf states having some effect on customers Zinc cost in our kettles continues to rise Infrastruct
Slide 12: Strategic Direction
Q2 FY2022 EARNINGS PRESENTATION Strategic Direction • The previously announced board-led strategic review of our portfolio and capital allocation is complete • With respect to strategic alternatives for AIS, we continue to explore a small number of specific opportunities with the expectation that AZ
Slide 13: Q&A
Q&A
Slide 14: Appendix and Additional Information
Appendix and Additional Information
Slide 15: Non-GAAP Disclosure of EBITDA
Q2 FY2022 EARNINGS PRESENTATION Non-GAAP Disclosure of EBITDA • In addition to reporting financial results in accordance with Generally Accepted Accounting Principles in the United States ("GAAP"), AZZ has provided EBITDA, which are non-GAAP measures. Management believes that the presentation of the
Slide 16: Non-GAAP Disclosure of Consolidated EBITDA
Q2 FY2022 EARNINGS PRESENTATION Legend: Non-GAAP Disclosure of Consolidated EBITDA (r) – Reported (a) – Adjusted Current Year vs. Prior Year Fiscal 2021 (prior year) As Reported As Reported to As Adjusted In millions Consolidated Consolidated $(millions) except share information As Reported Adjustme