Slide 1: AZZ Inc - Broker Presentation
LAZZ Th eT ih \MENTA NYSE
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% 38% 62% Total Company Sales By Segment Actual FY2008 $320.2 (in millions) Actual FY2009 $412.4 (in millions) Projected FY2010 $395 to $415 (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 $395 to $415 (in millions)
Slide 6: Electrical and Industrial Products
Electrical and Industrial Products
Slide 7: Electrical and Industrial Products
Electrical and Industrial Products Projected $245 to $255 (in millions)
Slide 8: Power Plant Generation
Power Plant GENERATION TT)
Slide 9: Transmission
:NTALS FUN the § 3 s sformer Tran:
Slide 10: Power Distribution
Power Distribution
Slide 11: Industrial / Commercial
Industrial / Commercial
Slide 12: Lad —— =
Lad —— = ee - LESEALELAB ALESIS ELLABILLELE
Slide 13: Backlog ($ In Millions)
Fiscal 2008 1 st Qtr 2009 2 nd Qtr 2009 3 rd Qtr 2009 4 th Qtr 2009 Fiscal 2009 Beginning Backlog $120.7 $134.9 $155.0 $190.8 $195.3 $134.9 Bookings $334.4 $106.8 $139.0 $113.3 $79.9 $452.3 Shipments $320.2 $99.9 $103.2 $108.8 $100.3 $412.4 Ending Backlog $134.9 $141.8 $190.8 $195.3 $174.8 $174.8 Bo
Slide 14: Galvanizing Services
Galvanizing Services
Slide 15: Galvanizing Services Application and Locations
Application: “After-fabrication” steel corrosion protection Locations: 20 facilities in 11 states
Slide 16: Galvanizing Services
Galvanizing Services Actual FY2009 Projected FY2010
Slide 17: AZZ Financials
LAZZ Th eT ih \MENTA NYSE
Slide 18: Consolidated Net Sales
Consolidated Net Sales ($ In Millions) $412.4 $395 to $415
Slide 19: Earnings Per Share (Fully Diluted)
Earnings Per Share (Fully Diluted) $3.43 $2.75 to $2.95
Slide 20: Segment Operating Margins
At azz FUNAAMSr TS Oe Electrical and Industrial Galvanizing Services Products 30% 29% 28.5% 20.0% 24.9% 25% 18.0% 16.3417-2% 17.5% 25% - 16.0% 14.2% 20% 14.0% 12.0% 15% | 10.0% 8.0% 10% 6.0% 4.0% 5% 2.0% 0.0% 0% 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 mActual Projected mActual Projected
Slide 21: Cash Provided By Operations / EBITDA / Free Cash Flow
Cash Provided By Operations/ EBITDA/Free Cash Flow ($ In Millions) Projected
Slide 22: 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 23: Capital Expenditures / Depreciation
Capital Expenditures/Depreciation ($ In Millions) $14.6
Slide 24: Segment Return Fundamentals
FUNRAMENTALS pe 25% 20% 15% 10% 5% 0% 30% 5 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
Slide 25: Investment Summary
› › Investment Summary • Strong Historical Performance › FY09 was 22 nd consecutive year of profitability › Yr CAGR - Revenues 25%, Net Income 58%, EPS 54% › Strong backlog • Key Growth Drivers Domestic & international demand for electrical power and energy U.S. infrastructure investment • Niche pro
Slide 26: AZZ Inc
LAZZ Th eT ih \MENTA NYSE