Valmont Industries, Inc. · NYSE:VMI
Valmont Industries — CJS New Ideas for the New Year 2024
16 slides from Valmont Industries's conference presentation, Jan 10, 2024
Slide 1: CJS New Ideas for the New Year
CJS New Ideas for the New Year January 10, 2024
Slide 2: Disclosure Regarding Forward-Looking Statements
2 These slides contain (and the accompanying oral discussion will contain) “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of
Slide 3: Valmont in 2024 and Beyond
Valmont in 2024 and Beyond 3 • Optimizing financial performance for the long-term • Diversified portfolio with compelling long-term drivers in North America and International markets • Building on a legacy of sustainable, profitable growth
Slide 4: Valmont Snapshot
Manufacturing Facilities $2,262 $911 Infrastructure Agriculture Valmont Snapshot (NYSE: VMI) Delivering Innovative Solutions for Global Infrastructure and Agriculture Markets 1 As of 12/31/2023. 2 See 2022 Annual Report. 3 Includes intersegment sales. 4 Please see Company’s Reg G table at end of pre
Slide 5: Strong Track Record of Historical Performance
Strong Track Record of Historical Performance 5 $228 $226 $287 $433 $228 $268 $334 $450 2019 2020 2021 2022 GAAP Adjusted 10.0% 8.2% 8.2% 9.3% 7.8% 9.5% 8.2% 10.3% Operating Income ($M) and Return on Invested Capital Margins 1 Please see Company's Reg G tables at end of presentation. 1 1
Slide 6: Serving Markets with Multi-Year Demand Drivers
6 Serving Markets with Multi-Year Demand Drivers Our products and solutions are addressing global megatrends and driving above market growth Infrastructure • Energy transition: demand and necessity for renewables, grid hardening and resiliency, and load growth • Long-term need for critical infrastru
Slide 7: Proven Competitive Advantages
Breadth of product offerings Unparalleled response time and customer service Mitigate business cyclicality through innovative solutions that address customer challenges and provide better economics Differentiated industries with high barriers to entry Manufacturing expertise and operational excellen
Slide 8: Q3 2023 Financials and Key Messages
Q3 2023 Financials and Key Messages 8 • The global Valmont team continued to perform well, delivering solid third quarter adjusted operating margins and adjusted diluted earnings per share, while navigating a mixed demand environment • Infrastructure demand globally remains robust, with several mult
Slide 9: Balanced Approach to Capital Allocation
Balanced Approach to Capital Allocation 9 Growing Our Business Returning Cash To Shareholders • Target natural adjacencies in end markets with favorable long-term demand trends • Completed acquisition of HR Products • Returns exceeding cost of capital within 3 years • Q3 Capex of $26M as we continue
Slide 10: Positioning Valmont for Long-Term Success
Positioning Valmont for Long-Term Success • Advancing strategic priorities through July 2023 CEO transition and subsequent senior leadership changes • Announced an organizational realignment and early retirement program; simplified reporting lines to enable a more efficient and effective structure w
Slide 11: Valmont Team is Executing Our Strategy and Performing Well
Valmont Team is Executing Our Strategy and Performing Well in a Dynamic Market Optimizing financial performance for the long-term • Announced an organizational realignment and early retirement program; simplified reporting lines to enable a more efficient and effective structure with improved visibi
Slide 12: Appendix
Appendix CONSERVING Resources. improvinc tire: Valmont
Slide 13: Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures
The non-GAAP table below discloses the impact of impairment of long-lived assets and realignment charges on the third quarter of fiscal 2023 results, as well as the impact of non-recurring tax benefit items on net earnings. Amounts may be impacted by rounding. We believe it is useful when considerin
Slide 14: Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures
Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures Dollars in thousands 14 The non-GAAP tables below disclose the impact of impairment of long-lived assets, realignment charges, intangible asset amortization (Prospera), and stock-based compensation recognized for the Prospe
Slide 15: Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures
Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures Dollars in thousands 15 The non-GAAP table below discloses the impact of (1) intangible asset amortization related to Prospera, (2) stock-based compensation recognized for the Prospera employees, (3) nonrecurring impairment
Slide 16: Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures
Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures Dollars in thousands 16 Return on Invested Capital is a non-GAAP measure. Accordingly, Invested Capital and Return on Invested Capital should not be con sidered in isolation or as a substitute for net earnings, cash flows f
Valmont Industries — CJS New Ideas for the New Year 2024 on 6ix