Slide 1: Fiscal 2025 Second-Quarter Results
BMS Software Suite FISCAL 2025 SECOND-QUARTER RESULTS APRIL 3, 2025
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation and related conference call and webcast forward-looking statements contained in the Act. Forward- conjunction with such filings. You are cautioned not to place contain “forward-looking statements” within the meaning of looking statements are not guarantee
Slide 3: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES We disclose the following non-generally accepted accounting principles financial measures included in this news release should be considered divided by net sales for total company. The most directly comparable ("GAAP") financial measures: “adjusted operating profit” and “
Slide 4: About Acuity
ABOUT ACUITY OUR COMPETITIVE ADVANTAGE Our Operating System Our Values WE USE TECHNOLOGY TO SOLVE PROBLEMS IN SPACES, LIGHT AND MORE THINGS TO COME Integrity Time Curiosity Owner’s Mindset Customer Obsessed People Community Luminis®: Syrios Pro HOW WE CREATE VALUE EFFECTIVE CAPITAL Our Business Segm
Slide 5: AYI: Fiscal 2025 Second Quarter Performance
AYI: FISCAL 2025 SECOND QUARTER PERFORMANCE ($ in Millions, Except Per Share Data) AYI NET SALES AYI ADJUSTED DILUTED EPS1 11% 10% Steady Performance $1,006 $3.73 $906 Increased Adjusted Operating Profit1 by 16 $3.38 Percent and Increased Adjusted Operating Profit Margin by 70 basis points Q2'24 Q2'
Slide 6: ABL: Acuity Brands Lighting
ABL: ACUITY BRANDS LIGHTING FISCAL 2025 SECOND QUARTER PERFORMANCE Mark Architectural Lighting : 103 CityPoint, MA ($ in Millions) PREDICTABLE, REPEATABLE, SCALABLE NET SALES ADJUSTED OPERATING PROFIT1 ADJUSTED OPERATING PROFIT MARGIN1 (0%) 4% 60bps $844 $841 $141 16.8% 16.2% $136 Q2'24 Q2'25 Q2'24
Slide 7: AIS: Acuity Intelligent Spaces
AIS: ACUITY INTELLIGENT SPACES FISCAL 2025 SECOND QUARTER PERFORMANCE Distech Controls : Grand Palais WE CONTROL HOW A BUILDING OPERATES AND THE EXPERIENCES THAT HAPPEN IN A BUILDING ($ in Millions) SMARTER, SAFER, GREENER NET SALES ADJUSTED OPERATING PROFIT1 ADJUSTED OPERATING PROFIT MARGIN1 152% 1
Slide 8: YTD Fiscal 2025 Capital Allocation
YTD FISCAL 2025 CAPITAL ALLOCATION Invest for Growth in our Current Businesses $192M Operating Cash Flow Invest in M&A $1.2B Acquisition of QSC Increase our Dividend +13% DIV % Increased Dividend Repurchase Shares to Create Permanent Shareholder Value $23M Share Repurchases NYSE: AYI 8
Slide 9: Fiscal 2025 Outlook
FISCAL 2025 OUTLOOK AYI Net Sales Range1 $4.3B to $4.5B Adjusted Diluted EPS Range1 $16.50 to $18.00 Note: QSC acquisition closed at the beginning of January 2025. 1 Management estimates are based on multiple quantitative and qualitative inputs and contains forward-looking information; please see Fo
Slide 10: Quarterly Trends
QUARTERLY TRENDS nLight® AIR Wireless Lighting Controls NYSE: AYI 10
Slide 11: AYI: Quarterly Trends
AYI: QUARTERLY TRENDS ($ in Millions, Except Per Share Data) $1,032 $1,010 $1,006 $998 $1,000 Net Sales $968 $944 $952 $935 $906 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Net Sales Growth 7.8% 3.8% (5.7%) (9.0%) (6.3%) (4.0%) (3.2%) 2.2% 1.8% 11.1% Gross Profit Margin (GAAP) 41.7%
Slide 12: ABL: Quarterly Trends
ABL: QUARTERLY TRENDS ($ in Millions) $955 Net Sales $947 $944 $941 $899 $891 $886 $876 $844 $841 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Net Sales Growth 7.2% 3.2% (6.7%) (10.5%) (7.5%) (5.3%) (4.5%) 1.1% 1.1% (0.3%) Operating Margin (GAAP) 12.5% 13.9% 15.9% 12.5% 16.4% 14.9% 16
Slide 13: AIS: Quarterly Trends
AIS: QUARTERLY TRENDS ($ in Millions) $172 $84 $72 $76 $74 $66 $64 $68 Net Sales $57 $58 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Net Sales Growth 22.4% 16.4% 12.9% 17.1% 13.0% 17.0% 15.0% 16.7% 14.5% 151.8% Operating Margin (GAAP) 13.6% 10.8% 13.1% 13.1% 8.3% 13.4% 16.5% 19.9% 14
Slide 14: Appendix: Reconciliation of Non-GAAP Measures
APPENDIX Reconciliation of Non-GAAP Measures nLight® AIR Wireless Lighting Controls NYSE: AYI 14
Slide 15: AYI: Adjusted Gross Profit and Adjusted Gross Profit Margin
AYI: ADJUSTED GROSS PROFIT AND ADJUSTED GROSS PROFIT MARGIN ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Net Sales $998 $944 $1,000 $1,010 $935 $906 $968 $1,032 $952 $1,006 Gross Profit (GAAP) 417 407 447 443 428 412 452 489 449 468 Gross Profit Margin (GAAP) 41.7% 43.
Slide 16: AYI: Adjusted Operating Profit and Adjusted Operating Profit Margin
AYI: ADJUSTED OPERATING PROFIT AND ADJUSTED OPERATING PROFIT MARGIN ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Net Sales $998 $944 $1,000 $1,010 $935 $906 $968 $1,032 $952 $1,006 Operating Profit (GAAP) 109 112 143 110 133 118 145 157 133 110 Operating Profit Margin
Slide 17: AYI: Adjusted Net Income and Adjusted Diluted Earnings Per Share
AYI: ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE ($ in Millions, Except Per Share Data) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’24 Q4’24 Net Sales $998 $944 $1,000 $1,010 $935 $906 $968 $1,032 $952 $1,006 Net income (GAAP) 75 83 105 83 101 89 114 119 107 78 Adj
Slide 18: AYI: EBITDA and Adjusted EBITDA
AYI: EBITDA AND ADJUSTED EBITDA ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Net Sales $998 $944 $1,000 $1,010 $935 $906 $968 $1,032 $952 $1,006 Net Income (GAAP) 75 83 105 83 101 89 114 119 107 78 Net Income as a Percent of Net Sales (GAAP) 7.5% 8.8% 10.5% 8.2% 10.8%
Slide 19: ABL: Adjusted Operating Profit and Adjusted Operating Profit Margin
ABL: ADJUSTED OPERATING PROFIT AND ADJUSTED OPERATING PROFIT MARGIN ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Net Sales $947 $891 $941 $944 $876 $844 $899 $955 $886 $841 Operating Profit (GAAP) 118 124 150 118 144 126 152 162 143 130 Operating Profit Margin (GAAP) 1
Slide 20: AIS: Adjusted Operating Profit and Adjusted Operating Profit Margin
AIS: ADJUSTED OPERATING PROFIT AND ADJUSTED OPERATING PROFIT MARGIN ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Net Sales $57 $58 $66 $72 $64 $68 $76 $84 $74 $172 Operating Profit (GAAP) 8 6 9 9 5 9 13 17 11 10 Operating Profit Margin (GAAP) 13.6% 10.8% 13.1% 13.1% 8.