Slide 1: Advancing with Confidence
ADVANCING . witH CONFIDENCE AZZ NYSE
Slide 2: Forward Looking Statement
2 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-looking statements by terminology such as, “may,” “should,
Slide 3: Company Overview
3 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
45% 43% 55% 57% 58% 42% 4 Total Company Sales By Segment Actual FY2009 $412.4 (in millions) Actual FY2010 $357 (in millions) Projected FY2011 $385 to $395 (in millions) Galvanizing Electrical and Industrial
Slide 5: Total Company Sales By Market Segment
5 Total Company Sales By Market Segment Actual FY2009 $412.4 (in millions) Actual FY2010 $357 (in millions) Projected FY2011 $385 to $395 (in millions)
Slide 6: Electrical and Industrial Products
6 Electrical and Industrial Products
Slide 7: Electrical and Industrial Products
7 Electrical and Industrial Products Actual FY2009 $225.8 (in millions) Actual FY2010 $203.5 (in millions) Projected $163 to $168 (in millions)
Slide 8: Power Plant Generation
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Slide 9: Transformer
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Slide 10: Power Lines
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Slide 11: Industrial / Commercial
ADVANCING witH CONFIDENCE eS INDUSTRIAL / COMMERCIAL
Slide 12: with CONFIDENCE
ADVANCING with CONFIDENCE ($ In Millions) im $200 os £ { x? 4 $180 K $160 4 , i ed ge o $140 . cA e ca ie $120 s Late $100 $20 0 LEELA
Slide 13: Backlog
13 Fiscal 2009 Fiscal 2010 1st Qtr 2011 2 nd Qtr 2011 Beginning Backlog $134.9 $174.8 $109.9 $110.0 Bookings $452.3 $292.1 $78.6 $95.0 Shipments $412.4 $357.0 $77.5 $99.6 Ending Backlog $174.8 $109.9 $111.0 $106.4 Book to Ship Ratio 106% 82% 101% 95% Backlog ($ In Millions)
Slide 14: Galvanizing Services
ADVANCING witH CONFIDENCE
Slide 15: Application: After-fabrication steel corrosion protection
15 Application: “After-fabrication” steel corrosion protection Locations: 33 facilities in 17 states
Slide 16: Galvanizing Services
16 Galvanizing Services Actual FY2010 $153.6 (in millions) Projected FY2011 $222 to $227 (in millions)
Slide 17: Consolidated Net Sales
Consolidated Net Sales ($ In Millions) $385 to $395
Slide 18: Consolidated Net Sales First Six Months FY11
18 Consolidated Net Sales First Six Months FY11 ($ In Millions)
Slide 19: Earnings Per Share
19 Earnings Per Share (Fully Diluted) $2.70 to $2.85
Slide 20: Earnings Per Share First Six Months FY11
Earnings Per Share First Six Months FY11 (Fully Diluted)
Slide 21: Segment Operating Margins
ADVANCING with CONFIDENCE Electrical and Industrial Galvanizing Services Products To 30% 720% =——28.529.2% 20.0% 24.9% 25.5% 18.0% 16.39% 72% Tag ox, 25% 16.0% 14.2% oT 14.0% ° 12.0% 46% 10.0% 8.0% 10% 6.0% 4.0% 5% 2.0% 0.0% 0% 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 ™ Actual ™ Projected A
Slide 22: Electrical and Industrial Products
22 Electrical and Industrial Products
Slide 23: Cash Provided By Operations / EBITDA / Free Cash Flow
ADVANCING with CONFIDENCE Cash Provided By Operations / EBITDA / Free Cash Flow | oo? ($ In Millions) ™ en. a $75.0 hs - AN $55.0 AN ts a ‘s $35.0 7 ‘s y $15.0 5.0) ten 2003 2004 2005 2006 2007 2008 2009 2010 2011 Fiscal Year —@-Cash Pro. By Oper. -*-FreeCashFlow -#-EBITDA
Slide 24: Projected Debt
Projected Debt Projected Debt to Equity Ratio Projected Cash Fiscal Year
Slide 25: Capital Expenditures / Depreciation
Capital Expenditures / Depreciation ($ In Millions) $20.0
Slide 26: Segment Returns
ADVANCING with CONFIDENCE ae » Electrical and Industrial | 30% 5 Products 29% 29% Galvanizing Services ) 26% 50% & 25% | 50% 9 Oe gy, ¢ 22% pe 20% | 40% 32% ty, 15% 4 30% 10% | 20% 5% 4 10% 0% + 0% 2007 2008 2009 2010 2007 2008 2009 2010 Actual Actual
Slide 27: Investment Summary
27 Investment Summary • Strong Historical Performance Ø FY10 was 23 rd consecutive year of profitability Ø 5 Yr CAGR - Revenues 19%, Net Income 51%, EPS 47% Ø Significant Operating Margins (above industry averages) • Key Growth Drivers Ø Domestic & international demand for electrical power and energ
Slide 28: Advancing with Confidence
ADVANCING . witH CONFIDENCE AZZ NYSE