Valmont Industries, Inc. · NYSE:VMI
Valmont Industries — Investor Day (May 2021)
163 slides from Valmont Industries's investor day presentation, May 20, 2021
Slide 1: Valmont Investor Day May 20, 2021
© 2021 Valmont® Industries, Inc. Valmont Investor Day May 20, 2021
Slide 2: Disclosure Regarding Forward-Looking Statements
Disclosure Regarding Forward-Looking Statements 2 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 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 i
Slide 3: Agenda
Agenda 3 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 8:30 am Welcome and Opening Remarks Renee Campbell VP, Investor Relations & Corporate Communications Infusing Technology to Accelerate Growth Steve Kaniewski President & CEO Advancing Sustainability & Resource Efficiency Lennie Adams Gr
Slide 4: Infusing Technology to Accelerate Growth
INFUSING TECHNOLOGY TO ACCELERATE GROWTH Steve Kaniewski President & CEO
Slide 5: Key Messages
Key Messages 5 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 01 02 03 04 Building on our strong ESG foundation by elevating our commitments, while conserving resources and improving life Accelerating growth with a focus on innovation and higher growth products and services; industry leader
Slide 6: Valmont Snapshot
Valmont Snapshot (NYSE: VMI) 6 Delivering Solutions for Agriculture and Infrastructure Development | Valmont Industries, Inc. | 2021 Investor DayMay 2021 $101 $65 $83 $43 $1,002 $996 $646 $345 $1103 $903 $863 $473 Omaha, NE Headquarters $2.9B 2020 Sales $5.5B Market Cap1 22 Countries of Operation 85
Slide 7: Broad Global Footprint Serving Diverse End Markets
Broad Global Footprint Serving Diverse End Markets 7 #1 or #2 in All Markets We Serve | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Manufacturing Facilities Americas APAC EMEA Americas EMEA APAC 15% 14% 71%
Slide 8: Our Differentiated Business Model Has Driven Strong Results
8 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Our Differentiated Business Model Has Driven Strong Results ~12.0% Total Compounded Annualized Return Over Past 15 Years1 1Total Shareholder Return Annual CAGR from 5/11/06 to 5/11/21. Source: FactSet Value Creation
Slide 9: Board of Directors
Catherine Paglia Lead Director Director, Enterprise Asset Management Audit Committee Human Resources Committee James Milliken Chancellor, University of Texas System Audit Committee Chairman, Governance & Nominating Committee Daniel Neary Former Chairman & Retired CEO Mutual of Omaha Audit Committee
Slide 10: Experienced Leadership Team Focused on Execution
Steve Kaniewski President & CEO Joined: 2010 Avner Applbaum EVP & CFO 2020 Diane Larkin EVP, Global Operations 2020 Aaron Schapper EVP, Infrastructure 2011 Tim Francis SVP & Corporate Controller 2014 Tim Donahue Group President, Lighting & Transportation 2018 Joe Catapano Group President, Telecom 20
Slide 11: Significant Accomplishments Since 2018 Investor Day
Significant Accomplishments Since 2018 Investor Day 11 Culture of Execution and Accountability | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Build and Align the Organization Execute Transformation Plan for Operations and Shared Services Implement Processes for New Product Development Build
Slide 12: Clear Strategy for Sustainable, Long-Term Profitable Growth
Clear Strategy for Sustainable, Long-Term Profitable Growth 12 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Expanding Markets that We Serve Accelerating Growth Operational Excellence with ESG Focus Elevating ESG Accelerating Innovation Optimizing Talent and Technology
Slide 13: Continuously Elevating Our ESG Commitments
Continuously Elevating Our ESG Commitments 13 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 ~90% of Net Sales Support ESG Efforts Environmental Sustainably building upon a foundation focused on managing risks and improving efficiencies Compliance • Expanded reporting to include carbon inten
Slide 14: ESG Progress and Timeline
2020 2021 2022 2023-2025 • $2.4M reduction in absolute electricity spend • Achieved 14% reduction in normalized electricity usage • Published Valmont’s Baseline Scope 1 and 2 Global Carbon emissions • Launched the Valley Electric Vehicle Project (Valley Campus) • Launched construction of a 1MW solar
Slide 15: ESG Targets
ESG Targets 15 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 2025 Environmental Goals1 10% Reduction in Carbon Emissions / Million $ Revenue Carbon Intensity Goal 12% Additional Reduction in Normalized Electricity Usage Revised Global Electricity Goal 19% Reduction in Normalized Carbon Emis
Slide 16: Focused Market Growth Areas
Focused Market Growth Areas Valmont Positioning Utility Support Structures • Grid resiliency • Renewable generation • Services & Technology Transmission, Distribution and Substations products Integrated solar tracking Engineering, data and inspection services Engineering Support Structures • I
Slide 17: Accelerating Growth through Technology
Accelerating Growth through Technology 17 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Internet of Things (IoT) Automation / Industry 4.0 & Internal Processes Digital Customer Experience Recurring Revenue Services
Slide 18: Optimizing Organization for Higher Growth
Leadership Leadership aligned and focused with key growth and productivity initiatives Organizational Design Allocation of resources and capital for growth and productivity initiatives Productivity Driving overall productivity with optimized footprint and product portfolio management Process Lean an
Slide 19: Deep Focus on Talent Development and Building an Inclusive Culture
Deep Focus on Talent Development and Building an Inclusive Culture 19 Human Capital Strategy Aligned with Our Core Values | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Initiatives Related to • Employee Training & Development, including Inclusion & Diversity • Equal pay and incentives aligne
Slide 20: Strategic M&A Aligned with Our Strategy
Strategic M&A Aligned with Our Strategy 20 Leveraging M&A as a Strategic Accelerator | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Strategic Filters • Technology Acceleration • Portfolio Breadth • High-Growth Businesses • Global Product Line Focus Financial Criteria • Sales and Operational
Slide 21: Prospera Expands Our Irrigation Technology Leadership
Price $300M Financing Cash + Revolving Credit Facility Closed May 2021 Prospera Expands Our Irrigation Technology Leadership 21 Building on Global Partnership Accomplishments; Grower Adoption Expected to Double in 2021 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Key Stats 2014 Founded Aus
Slide 22: Prospera Value Proposition
Prospera Value Proposition | Valmont Industries, Inc. | 2021 Investor DayMay 2021
Slide 23: Largest, Vertically Integrated AI Company in Ag
Well-Positioned as Largest, Vertically Integrated AI Company in Ag 23 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Industry First Mover • Building on two-year relationship • History of images and data • Established relationships with farmers Unique, Established Technology & Model • In-seas
Slide 24: Proactively Capturing Industry Trends and Expanding Our Future TAM
Proactively Capturing Industry Trends and Expanding Our Future TAM 24 Well-Positioned to Benefit from Compelling Market Trends with Above Market Growth | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Key Market Drivers • Aging Infrastructure • Demand for Renewables • Rapid Acceleration of 5G
Slide 25: Our 5-Year Financial Targets
Our 3 – 5 Year Financial Targets 25 Continuing to Reinvest Capital in Growth Opportunities across the Organization | Valmont Industries, Inc. | 2021 Investor DayMay 2021 >12% Operating Margin 7% - 12% Revenue Growth1 13 - 15% EPS Growth1 >11% ROIC Net Earnings FCF Conversion >1.0x Key Assumptions •
Slide 26: Advancing Sustainability and Resource Efficiency
ADVANCING SUSTAINABILITY AND RESOURCE EFFICIENCY Lennie Adams Group President, Irrigation
Slide 27: Key Messages
Key Messages 27 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Recognized brand and industry leader earned through reliability, innovation, and our global dealer network Unique position to lead global large-scale water opportunities ESG early adopter Proven leader in autonomous crop manageme
Slide 28: Irrigation Snapshot
Irrigation Snapshot 28 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Valley Water $646M 2020 Revenue 14 Manufacturing / Distribution Sites 8 Countries ~1,900 Employees 59% 41% North America International 2020 Revenue Mix Products and Solutions Portfolio Valley Technology
Slide 29: Global Irrigation Footprint
Global Irrigation Footprint 29 Global Footprint Enables Us to Maximize Supply Chain to Support Customers and Large Projects | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Highlights • #1 Global Market Share Position • Unique ability to source from all global facilities • Split shipment philo
Slide 30: Irrigation Sustainable Competitive Advantages
Irrigation | Sustainable Competitive Advantages 30 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Valley University Technology Leadership Global Reach, Local Presence Best Global Dealer-Distribution Network Connected Machines Provide Platform for Technology Leverage Premium Brand and Reputat
Slide 31: Well-Positioned to Capture Future Market Demand
• Constraints on Freshwater Resources and Demand on Food Production • Food Security: Government’s Desire to Become More Self-Sufficient in Food Production • Large Installed Base of Machines Creates Replacement Opportunity • Elevated ESG Focus across Customer Base • Digital Farm Long-Term Market Driv
Slide 32: U.S. Net Farm Income by Year
$15 $15 $12 $12 $12 $10 $11 $13 $12 $14 $22 $46 $12 $11 $63 $80 $114 $97 $124 $92 $82 $62 $75 $81 $83 $120 $111 $110 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021F 2022F Direct Govt Payments Net Farm Income U.S. Net Farm Income by Year 2009-14: ~$95B USDA Avg. May 2021 | Valmont I
Slide 33: Expanding Our Total Addressable Market
Expanding Our Total Addressable Market Strategic Expansion Driving Continued Above-Market Growth 33 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Strategic Market Expansion Opportunities International Growth Full-Service Water Management for Ag; Gain Market Share through M&A/Partnerships To
Slide 34: Our Strategy for Long-Term Profitable Growth
Expanding Markets that We Serve Elevating Operational Excellence with ESG Focus Accelerating Innovation through Strategic Focus Areas and Technology Our Strategy for Long-Term Profitable Growth 34 | Valmont Industries, Inc. | 2021 Investor DayMay 2021
Slide 35: ESG Focus: Elevating Operational Excellence on the Farm
ESG Focus Technology, water conservation “More crop for the drop”: Our product can double irrigation efficiency Product pipeline that can water and treat each plant differently As freshwater becomes a limiting factor, technology will be even more beneficial Pivots were “green” before sustainability
Slide 36: Renewable Energy Opportunity | Valmont Solar
Renewable Energy Opportunity | Valmont Solar 36 Delivering On-Farm, Low-Cost Energy Leveraging Our Global Footprint and Expertise in Fall 2021 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 • Uniquely positioned to serve farms and agribusinesses with photovoltaic, renewable energy ꟷ Solbras
Slide 37: Expanding Markets that We Serve
Expanding Markets that We Serve 37 Remain Committed to Conserving Resources. Improving Life.® | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Global Water Scarcity and Policy Expanding Markets through • Products which promote efficient irrigation (Valley Scheduling, Valley Insights and Variab
Slide 38: Accelerating Innovation through Disruptive Products and Services
Accelerating Innovation through Disruptive Products and Services 38 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Internet of Things (IoT) • Machine diagnostics • Inter network communication Digital Customer Experience • Valley Insights • Machine Learning and AI Automation: Factory/Processe
Slide 39: Irrigation Key Takeaways
Irrigation | Key Takeaways Recognized brand and industry leader earned through reliability, innovation, and our global dealer network Unique position to lead global large-scale water opportunities ESG early adopter Proven leader in autonomous crop management through technology, artificial intelligen
Slide 40: Proliferating Smart Infrastructure
PROLIFERATING SMART INFRASTRUCTURE Aaron Schapper EVP, Infrastructure
Slide 41: Key Messages
Key Messages 41 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Simplifying the business to manage our portfolio to enable greater focus on higher growth opportunities Leveraging key partnerships with leading global technology providers to enable smart infrastructure Capturing opportunities f
Slide 42: Infrastructure Sustainable Competitive Advantages
Infrastructure | Sustainable Competitive Advantages 42 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Unique Global Footprint Unparalleled Response Time Strong Engineering Capabilities, Including Our Engineering Database Deep Customer Relationships Premium Brand and Reputation
Slide 43: Case Study: Entergy Storm Recovery
43 Valmont Provides Critical Infrastructure Recovery at a Scale No One Else Can | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Case Study | Entergy Storm Recovery Customer Need • Hurricane Laura decimates region ꟷ 616,000 customers without power Valmont Solution • 7 manufacturing facilities
Slide 44: Case Study – Entergy Storm Recovery
Case Study – Entergy Storm Recovery 44 | Valmont Industries, Inc. | 2021 Investor DayMay 2021
Slide 45: Well-Positioned to Capture Future Market Demand
Well-Positioned to Capture Future Market Demand 45 Strong Markets Helping Drive Future Growth | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Driving increased investment in grid as shift will require upgrades to generation fleet, transmission and distribution Acceleration of grid investment
Slide 46: Our Strategy for Long-Term Profitable Growth
Our Strategy for Long-Term Profitable Growth 46 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Elevating Operational Excellence with ESG Focus Accelerating Innovation through Strategic Focus Areas and Technology Expanding Markets through Active Portfolio Management and Price Leadership
Slide 47: Elevating Operational Excellence with ESG Focus
Improving platform design Enhancing Digital Customer Experience Elevating Operational Excellence with ESG Focus 47 Conserving Resources. Improving Life.® | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Creating One Valmont Infrastructure business system to enable all of us to operate the same
Slide 48: Portfolio Management
Portfolio Management USS ESS • Grow the high ROIC businesses • Divest or fix the low performers • Price leadership • Replacement of existing transmission / substation infrastructure • New product opportunities in distribution poles • Vehicle electrification • Integrated 5G small cell for Telecom • R
Slide 49: Valmont Technology Partnerships Roadmap
Valmont Technology Partnerships Existing Infrastructure Digital Gateway Integrated Projects Project Optimization • ~50% of all North America Transmission monopoles • ~50% of all North America Light Poles • Global Manufacturing Base • Transmission Condition Monitoring • Next Generation Multi-Function
Slide 50: Internet of Things: Smart Cities and Smart Grids
Internet of Things (IoT) Smart Cities | Digital Gateway • Integration of traffic and multi function sensors into existing infrastructure • Sensors provide real-time traffic logistics, public safety and environmental monitoring data Smart Grids | Digital Gateway • Channel enabler for technology to ge
Slide 51: Key Takeaways
Key Takeaways 51 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Simplifying the business to enable greater focus on higher growth opportunities; investing in technology and maximizing profitability Leveraging key partnerships with leading global technology providers to enable smart infrastru
Slide 52: Innovating for Smart Grid Solutions
INNOVATING FOR SMART GRID SOLUTIONS Chris Colwell Group President, Utility
Slide 53: Key Messages
Key Messages 53 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Significant long-term market opportunity driven by renewable generation, aging infrastructure and reliability requirements Well-positioned with differentiated products, services, engineering expertise and manufacturing capabiliti
Slide 54: Utility Snapshot
Utility Snapshot 54 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 79% 21% North America International 2020 Revenue Mix Products and Solutions Portfolio Transmission Distribution Substation Renewables Services Steel Concrete Hybrid Steel Concrete Hybrid Composites Steel Pre-fab Packaged
Slide 55: Global Utility Footprint
Global Utility Footprint 55 Global Footprint Enables Us to Support Projects around the World | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Highlights • Leveraging global manufacturing and engineering • Risk mitigation due to multiple global manufacturing facilities • Footprint provides glob
Slide 56: Utility Sustainable Competitive Advantages
Utility | Sustainable Competitive Advantages 56 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Breadth of Product Offerings Product and Services Innovation Engineering Expertise and Leadership Manufacturing Capabilities Customer Relationships Premium Brand and Reputation
Slide 57: Well-Positioned to Capture Future Market Demand
Well-Positioned to Capture Future Market Demand 57 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Renewable Generation • Investment in renewables increasing dramatically • Renewables will double as percentage of total generation by 2050 • Solar represents 80% of this growth • Increasingly im
Slide 58: Expanding Our Total Addressable Market
Expanding Our Total Addressable Market 58 Strategic Expansion Driving Continued Above-Market Growth | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Strategic Market Expansion Opportunities Transmission Distribution Substation Solar Smart Grid Technology Services ORGANIC GROWTH NEW PRODUCTS &
Slide 59: Our Strategy for Long-Term Profitable Growth
Our Strategy for Long-Term Profitable Growth Expanding Markets through Disruption 59 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Elevating Operational Excellence with ESG Focus Accelerating Innovation through Technology
Slide 60: Global Utility Product Vision
Global Utility Product Vision 60 Driving Innovation to Provide Smart Grid Infrastructure Solutions | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Bundled Solutions Regional Distribution Drone Services Solar Tracker Solutions Transmission, Distribution and Substation Structures Management Ser
Slide 61: Leveraging Strengths to Build Long-Standing Customer Relationships
Leveraging Strengths to Build Long-Standing Customer Relationships • Valmont historic performance has enabled close working relationships with industry-leading Utilities, Transmission companies and EPCs • Deep, long-standing connections at multiple levels with our customers – engineering, business d
Slide 62: Accelerating Innovation through Disruptive Products
Innovation Transmission • Design for ease of construction • Innovative design for foundation cost reductions • Multiple patents (i.e., adjustable cross-arms) • Price for added value Substation • Pre-fabricated and packaged • Focused on ease of construction • Significantly reduced construction costs
Slide 63: Recurring Revenue Services
Recurring Revenue Services Drone applications • Drone inspection, maintenance and repair • Proprietary AI predictive solutions • Significantly reduces costs and improves results • Disrupt current industry models Internet of Things (IoT) Smart Grid • Remote condition monitoring • Asset tracking techn
Slide 64: Case Study: Drone Services
Case Study | Drone Services 64 Technology-Driven Innovation to Disrupt, Add Value and Grow | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Customer Need • Inspect line post-storm season • Conduct maintenance as needed Valmont Solution • Use AI to detect potential stress indications • Utilize
Slide 65: Elevating Operational Excellence with ESG Focus
Innovation: Reallocate resources to focus on innovation and disruption Platform Design: Design standardization to improve Engineering and Manufacturing efficiencies One Valmont: Common tools and processes to leverage global advantage Electric Vehicles will be supported by energy grid infrastructure
Slide 66: Expanding Markets through Strategic Focus Areas
Expanding Markets through Strategic Focus Areas 66 Market Leadership for Long-Term Success | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Strategic Focus Areas • Exceed Customer expectations by helping them solve problems • Expand markets through disruptive innovation – change the game and s
Slide 67: Growing Opportunities with Solar
GROWING OPPORTUNITIES WITH SOLAR Greg Turi VP, Global Generation
Slide 68: Well-Positioned to Capture Future Market Demand
Well-Positioned to Capture Future Market Demand 68 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Long-Term Market Drivers1 ~17% Annual growth (3 – 5 Years) • Dual product portfolio with control software; 14+ years of product track record; • Established in 3 global regional markets; several
Slide 69: Leveraging Valmont Global Business Model
Valmont knowledge is a differentiator Leveraging Valmont Global Business Model 69 Uniquely Positioned to Increase Served Market | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Agile engineering expertise within project environment Valmont operational model drives global strategy and regional
Slide 70: Case Study: Utility Scale Execution
Case Study | Utility Scale Execution 70 Product Innovation + Global Supply with Regional Execution | Valmont Industries, Inc. | 2021 Investor DayMay 2021 • 382 MW utility scale project in Chile • Bi-Facial module tracker solution • Scale: 2,846 acres, project site perimeter 14.7 miles Designed 2 x
Slide 71: Accelerating Innovation through Disruptive Products and Services
Accelerating Innovation through Disruptive Products and Services 71 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Focused on Customer and Technology Driven Innovation Internet of Things (IoT) Solar tracker control software – TRJ-AI • Remote monitoring and configuration • Condition monitorin
Slide 72: Market Alignment: One Valmont
Market Alignment One Valmont • Utility: Customer relationships, product bundling • Irrigation: Technology development Agrivoltaics product development & market • ESS / Coatings: Access to high energy usage customers Vertical Integration “Class of One” –Wood Mackenzie • Steel: Purchasing leverage; co
Slide 73: USS Key Takeaways
USS | Key Takeaways 73 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Significant long-term market opportunity driven by renewable generation, aging infrastructure and reliability requirements Well-positioned with differentiated products, services, engineering expertise and manufacturing cap
Slide 74: Q&A
Q&A 74 | Valmont Industries, Inc. | 2021 Investor DayMay 2021
Slide 75: Break
BREAK 75 | Valmont Industries, Inc. | 2021 Investor DayMay 2021
Slide 76: Leveraging Our Digital Gateway
LEVERAGING OUR DIGITAL GATEWAY Tim Donahue Group President, Lighting & Transportation
Slide 77: Key Messages
Key Messages 77 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Well-positioned as premier provider of global lighting and transportation solutions Strong focus on operational excellence to enhance customer experience and optimize cost structure Innovation and new product development focused
Slide 78: Global Lighting and Transportation Snapshot
Global Lighting and Transportation Snapshot 78 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 $770M 2020 Revenue 35 Manufacturing Facilities 20 Countries ~3,200 Employees Transportation Products and Solutions Portfolio Lighting Highway SafetyHigh Mass Transit Sign Structures Traffic Structur
Slide 79: Global Lighting and Transportation Footprint
Global Lighting and Transportation Footprint 79 Driving Growth through Our Unparalleled Scale and Unique Global Footprint | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Highlights • Unparalleled Scale/Capacity • Flexible Sourcing Options • Ability to Source Locally/Regionally • Competitive L
Slide 80: Lighting & Transportation Sustainable Competitive Advantages
Portfolio Breadth Lighting & Transportation | Sustainable Competitive Advantages 80 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Engineering Strength & Depth Large Project Management Capability Industry-Leading Quality Industry-Leading Customer Service Global Supply Chain Premium Brand and
Slide 81: Well-Positioned to Capture Future Market Demand
Well-Positioned to Capture Future Market Demand 81 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 1Based on Company estimates and CMD Long-Term U.S. Market Drivers1 ~6% Annual growth (3 – 5 Years) Road and Bridge Construction ~7% Annual growth (3 – 5 Years) Commercial Development: Education
Slide 82: Expanding Our Total Addressable Market
Expanding Our Total Addressable Market 82 Strategic Expansion Driving Continued Above-Market Growth | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Strategic Market Expansion Opportunities Sign Structures Highway Safety Smart Pole Solutions Bridge Girders Bus Charging Stations ORGANIC GROWTH
Slide 83: Our Strategy for Long-Term Profitable Growth
Accelerating Innovation through Strategic Focus Areas and Technology Our Strategy for Long-Term Profitable Growth 83 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Elevating Operational Excellence with ESG Focus Expanding Markets through Active Portfolio Management and Price Leadership
Slide 84: Elevating Operational Excellence with ESG Focus
Ability to differentiate channel/customer interactions Streamline commercial operations process/systems Elevating Operational Excellence with ESG Focus 84 Enhancing the Customer Experiencing and Optimizing Our Cost Structure | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Driving Operational
Slide 85: Clear Digital Transformation Strategy for Premium Customer Experience
Clear Digital Transformation Strategy for Premium Customer Experience Significant Opportunity to Enhance Scale and Automation through Digitalization 85 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 • Improved SG&A scale • Streamlining legacy engineering systems • Eliminate dual entry • Self
Slide 86: Accelerating Innovation through Disruptive Products and Services
Internet of Things (IoT) Smart infrastructure • Monitoring: Environmental, Maintenance and Repair, Traffic Management, Public Safety • Commerce Enablement: Parking (real time availability and billing), Digital Signage/Advertising, EV Charging • Video Surveillance: Public safety, traffic management /
Slide 87: Case Study: Smart City
Case Study | Smart City 87 Enabling Smart Cities with Our Digital Gateway | Valmont Industries, Inc. | 2021 Investor DayMay 2021 • Monitoring: Environmental/Safety • Commercial Enablement: Electric Vehicle Charging • Video Surveillance: Traffic/Safety Cities utilize smart infrastructure as the dig
Slide 88: Expanding Markets through Strategic Focus Areas
Expanding Markets through Strategic Focus Areas Active Portfolio Management to Focus on Higher Growth, Higher ROIC Opportunities 88 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Strategic Focus Areas • Significant ability to expand markets through smart cities – global opportunity to bundle
Slide 89: Key Takeaways
Key Takeaways 89 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Well-positioned as premier provider of global lighting and transportation solutions Focus on operational excellence to enhance customer experience and optimize cost structure Innovation and new product development focused on sma
Slide 90: Accelerating Industry-Leading Speed & Reliability
ACCELERATING INDUSTRY- LEADING SPEED & RELIABILITY Joe Catapano Group President, Telecommunications
Slide 91: Key Messages
Key Messages 91 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Best-in-class customer service, driving speed and reliability to Telecom component market with same-day component service and digital tools Shift to 5G presents significant opportunity, due to increased demand for speed, data and
Slide 92: Global Telecommunications Snapshot
Global Telecommunications Snapshot 92 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Disguised TowersGuyed Towers Monopoles $190M 2020 Revenue 21 Manufacturing Facilities 8 Countries ~300 Employees Self-Supporting Towers 5G Concealment Components Products and Solutions Portfolio
Slide 93: Global Telecommunications Footprint
Global Telecommunications Footprint 93 Leveraging Expertise in North America across Our Global Business | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Highlights • Adding 5G concealment capabilities within existing facilities • Focused on global Telecom business expansion • Leverage incremen
Slide 94: Our Sustainable Competitive Advantages
Our Sustainable Competitive Advantages 94 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Agile Engineering Expertise Long-Standing Relationships with Key Customers Industry-Leading Response Time for Components Breadth of Manufacturing Capabilities Premium Brand and Reputation
Slide 95: Well-Positioned to Capture Future Market Demand
Well-Positioned to Capture Future Market Demand 95 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Internet of Things – Future 5G Driver • Proliferation of connected devices Closing of the Digital Divide • Federal investments to increase speed and access in rural areas • Strong relationships
Slide 96: Expanding Our Total Addressable Market
Expanding Our Total Addressable Market 96 Favorable Market Tailwinds Will Support Double Digit Market Growth for the Near Future | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Strategic Market Expansion Opportunities Component Business Going Global Leverage Poles Footprint Small Cell PIM1 Mi
Slide 97: Expanding Markets to Connect the World
Expanding Markets to Connect the World Our Strategy for Long-Term Profitable Growth 97 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Elevating Operational Excellence with Fast Customer Service Focus Accelerating Innovation through Strategic Focus Areas and Technology
Slide 98: Case Study: Built for Speed and Customer Satisfaction
Case Study | Built for Speed and Customer Satisfaction 98 95%+ of All Components Orders Shipped Complete Same Day | Valmont Industries, Inc. | 2021 Investor DayMay 2021 3:00 PM - Order Placed Customer places an order online for a Fortress Monopole Platform (1 ton / 2000+ lbs.) which is needed by tom
Slide 99: Elevating Customer Experience
Elevating Customer Experience 99 Customer-Centric Culture of Continuous Improvement | Valmont Industries, Inc. | 2021 Investor DayMay 2021 “You folks are always quick, have most items in stock, delivery is always better than expected. So, I do not shop much anymore, I just go to your web site!” – Ma
Slide 100: Expanding Markets to Connect the World
Expanding Markets to Connect the World 100 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Bringing reliable, high speed broadband access to rural areas is vital to supporting economies, enable remote learning, emergency communications and greater connectivity overall We are committed to clos
Slide 101: Accelerating Innovation through Strategic Focus Areas
Accelerating Innovation through Strategic Focus Areas Well-Positioned to Benefit from Significant 5G Opportunity 101 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Strategic Focus Areas Focused on 5G Expansion • Leveraging successful Site Pro 1 business model to expand global footprint ꟷ Lea
Slide 102: Key Takeaways
Key Takeaways 102 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Best-in-class customer service, driving speed and reliability to Telecom component market with same-day component service and digital tools Focused on closing the Digital Divide; early stages of bringing broadband to rural area
Slide 103: Delivering Unparalleled Coatings Technology & Customer Service
DELIVERING UNPARALLELED COATINGS TECHNOLOGY & CUSTOMER SERVICE Rick Cornish Group President, Coatings
Slide 104: Key Messages
Key Messages 104 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Uniquely positioned to capture compelling industry trends Focus on operational excellence and continuous improvement across our facilities Commitment to ESG through our products and solutions Deep customer relationships driven b
Slide 105: Coatings Snapshot
Coatings Snapshot 105 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 71% 29% $345M 2020 Revenue 36 Locations 7 Countries ~1,900 Employees North America International 2020 Revenue Mix Products and Solutions Portfolio Galvanizing Applied Coatings Value-Added Services
Slide 106: Global Coatings Footprint
Global Coatings Footprint 106 Continually Reevaluating Opportunities to Move into New Geographies | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Highlights • #1 Global Footprint in the Industry • Strong Position in North America • Leading Position in ANZ; Increasing APAC and India Footprint
Slide 107: Coatings Sustainable Competitive Advantages
Coatings | Sustainable Competitive Advantages 107 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 ESG Innovation & Technology Unparalleled Customer Service Valmont Coatings Operating System Best-in-Class Quality Premium Brand and Reputation
Slide 108: Well-Positioned to Capture Future Market Demand
108 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 $2.5T Global Cost of Corrosion Increasing demand for superior corrosion control methods, such as galvanizing 90% Not yet galvanized of total suited steel; substantial market growth opportunity 15,000 Active Accounts Vast experience with a di
Slide 109: Expanding Our Total Addressable Market
Expanding Our Total Addressable Market 109 Strategic Expansion Driving Continued Above-Market Growth | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Strategic Market Expansion Opportunities Acquisitions and New Builds Extended Applied Coatings Value-Added Services (VAS) Digital Transformation
Slide 110: Our Strategy for Long-Term Profitable Growth
Our Strategy for Long-Term Profitable Growth 110 May 2021 Accelerating Innovation through Strategic Focus Areas and Technology | Valmont Industries, Inc. | 2021 Investor Day Expanding Markets that We Serve through Value-Added Services Elevating Operational Excellence with ESG Focus
Slide 111: Operational Excellence Driven by Valmont Coatings Operating System
Operational Excellence Driven by Valmont Coatings Operating System (VCOS) • Consistent and standardized practices across all global locations • Development of precise, proven & repeatable lean processes supported by strong technical acumen • Manager and supervisor development program key in helping
Slide 112: Expanding Markets through Value-Added Services
Expanding Markets that We Serve through Value-Added Services 112 Process Improvements and Value-Add Opportunities Derive from Voice of Customer | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Voice of Customer • Deploy customer satisfaction survey annually to collect feedback and track perfor
Slide 113: Accelerating Innovation through Disruptive Products and Services
Accelerating Innovation through Disruptive Products and Services 113 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Smart Supply/Inventory Management • Internet Connected Vending machines/rooms – MRO, PPE, Supplies (automated inventory & reorder) Internet of Things (IoT) Near Future (Pilotin
Slide 114: Coatings Key Takeaways
Coatings | Key Takeaways 114 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Uniquely positioned to capture compelling industry trends Focus on operational excellence and continuous improvement across our facilities Commitment to ESG through our products and solutions Deep customer relationsh
Slide 115: Elevating Our Operational Transformation
ELEVATING OUR OPERATIONAL TRANSFORMATION Diane Larkin EVP, Global Operations
Slide 116: Key Messages
Key Messages 116 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 01 02 03 04 ESG is at the core of our operational strategy Strategic focus on disruptive innovation to elevate operational excellence across the business Lean culture focused on continuous improvement Business simplification thr
Slide 117: Continuing to Build on Our Strong Foundation with Key Focus Areas
Continuing to Build on Our Strong Foundation with Key Focus Areas 117 Leveraging a More Strategic Mindset Related to Operations | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Key Focus Areas • ESG Fundamentals • Disruptive Innovation • Lean Fundamentals and Culture • Simplification Strong Op
Slide 118: Operational Excellence Strategic Priorities
Operational Excellence Strategic Priorities 118 Continuously Optimizing Our Manufacturing Platform and Supply Chain Network | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Enablers Enhanced Organizational Structure • Global EHS • Operational Excellence • Global Supply Chain Culture of Lean Ex
Slide 119: Driving Enhanced Structure through ESG Strategic Initiatives
Water: Driving Enhanced Structure through ESG Strategic Initiatives 119 Strong Internal Focus on Sustainability and EHS at Our Facilities | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Sustainability Established Manufacturing Goals of: 90/90 LED Electric Vehicles Projects: Solar Array Implem
Slide 120: Driving Enhanced Structure through ESG Strategic Initiatives
Relationships Launching a Supplier Relationship Management (SRM) tool to ensure our policies and requirements around human rights and ESG are acknowledged by our supplier partners Process Enhancing ESG section of supplier audits to inform selection process Metrics Adding ESG metrics to our supplier
Slide 121: Our Lean Transformation Roadmap
Our Lean Transformation Roadmap 121 | Valmont Industries, Inc. May 2021 2023 2021 Critical Mass/Culture Codified • Focus on Making Material Flow through pull systems • Leveraging consistent, best-in-class problem solving tools • Optimizing plant layouts • Commission additional Smart factories • Cult
Slide 122: Driving Higher ROIC & Supporting ESG via Disruptive Technology
Driving Higher ROIC & Supporting ESG via Disruptive Technology 122 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Internet of Things (IoT) • Real-time notification and data for escalation via connected Smart Watches • Predictive Maintenance tools • Real-time product tracking through GPS • Co
Slide 123: Disruptive Innovation | Autonomous Welding Video
Disruptive Innovation | Autonomous Welding Video 123 | Valmont Industries, Inc. | 2021 Investor DayMay 2021
Slide 124: Driving Simplification across the Organization
Driving Simplification across the Organization 124 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Platform Design • Reduced number of major design platforms (modular design) • Standardization of components • “Customized” value proposition • Provides self-configuration services to customers/a
Slide 125: Case Study: Steel Leverage
Case Study | Steel Leverage 125 Unique Ability to Leverage Constrained Materials to Provide Customers with Uninterrupted Service | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Solution for constrained materials and ability to address steep inflation Worked with supplier base to access cons
Slide 126: Transitioning from Reactive to Predictive Measurement
Transitioning from Reactive to Predictive Measurement 126 Shifting from Internally Focused to Customer Focused | Valmont Industries, Inc. | 2021 Investor DayMay 2021 • Total Incident Rate • Warranty Dollars • On-time Delivery • Total Manufacturing Costs • Inventory Dollars and Turns • Risk Levels by
Slide 127: Key Takeaways
Key Takeaways 127 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 ESG is at the core of our operational strategy Strategic focus on disruptive innovation to elevate operational excellence across the business Lean culture focused on continuous improvement Business simplification through supply
Slide 128: Focusing on ROIC to Drive Value Creation
FOCUSING ON ROIC TO DRIVE VALUE CREATION Avner Applbaum EVP & CFO
Slide 129: Key Messages
Key Messages 129 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Continuing finance function transformation to a more business minded, data driven organization, with improved enabling technologies Leveraging clear capital allocation framework with disciplined and strategic approach to M&A Enh
Slide 130: Strong Foundation with Opportunities to Further Enhance Value Creation
Strong Foundation with Opportunities to Further Enhance Value Creation 130 Evolving Finance Function to Enable Growth, Improve ROIC and Maximize Long-term Stakeholder Value | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Using advanced technology and automation to streamline processes, redepl
Slide 131: Finance Transformation in Action – ROIC Improvement
Finance Transformation in Action – ROIC Improvement 131 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Valmont Goal >11% ROIC ExecutionBusiness Partner Strategy Development FP&A COE Data Analysis Predictive Analytics Insight Treasury COE Cash Operations Working Capital Cash Optimization Tax
Slide 132: Strong Peak to Trough Performance
Strong Peak to Trough Performance Ability to Execute through the Cycles Trough Trough Peak $2,662 $3,030 $3,304 $3,123 $2,619 $2,522 $2,746 $2,757 $2,767 $2,895 $263 $382 $473 $358 $238 $256 $267 $279 $228 $269 $- $100 $200 $300 $400 $500 $600 $700 $- $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 2
Slide 133: Robust Free Cash Flow Generation
GAAP 101% 67% 86% 137% 149% Adj. 127% 49% 66% 137% 128% Robust Free Cash Flow Generation 133 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 1We use the non-GAAP measure of FCF, which we define as GAAP net cash flows from operating activities reduced by capex. We believe that FCF is a useful
Slide 134: Balance Sheet and Liquidity
Cash $391.5M Total Debt (Long-Term) $729.6M Shareholders’ Equity $1,250.1M Total Debt to Adj. EBITDA1 2.1x Net Debt to Adj. EBITDA1 1.0x Available Credit under Revolving Credit Facility2 $585.4M Cash $391.5M Total Available Liquidity $976.9M AS OF MARCH 27, 2021 ► Long-term debt of $729.6M, mostly f
Slide 135: Clear Strategic Capital Allocation Framework
Clear Strategic Capital Allocation Framework 135 Disciplined and Balanced Capital Allocation Driving Shareholder Value | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Growing Our Business Capital Expenditures • 2021 CapEx expected to be $110M - $120M • Investments to support strategic growth
Slide 136: Disciplined and Strategic M&A Approach
Disciplined and Strategic M&A Approach 136 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Financial Criteria • Sales and Operational Synergies • ROIC > Cost of Capital by Year 3 • Free Cash Flow Generation Strategic Filters • Technology Acceleration • Portfolio Breadth • High-Growth Business
Slide 137: Strong Track Record of Strategic M&A
Strong Track Record of Strategic M&A Segment Irrigation ESS Coatings USS ESS Irrigation Irrigation Technology Acceleration Portfolio Breadth High-Growth Businesses Global Product Line Focus 137 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 S tr at eg ic Fi lte rs
Slide 138: Committed to Delivering Shareholder Returns via Dividends
Committed to Delivering Shareholder Returns via Dividends 138 Committed to Returning Capital to Shareholders | Valmont Industries, Inc. | 2021 Investor DayMay 2021 $0.71 $0.98 $1.50 $1.50 $1.50 $2.00 2011 2013 2015 2017 2019 2021 Dividend per Share
Slide 139: Raising 2021 Outlook
Raising 2021 Outlook 1Excludes potential future restructuring activities and acquisitions. See reconciliation of GAAP outlook to adjusted outlook at end of document. 139 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Key Assumptions • Favorable foreign currency translation impact of ~2% of N
Slide 140: Our 5-Year Financial Targets
Our 3 – 5 Year Financial Targets 140 Continuing to Reinvest Capital and R&D through the Cycles Driving Growth Opportunities | Valmont Industries, Inc. | 2021 Investor DayMay 2021 13 - 15% EPS Growth1 7% - 12% Revenue Growth1 >1.0x Net Earnings FCF Conversion Key Assumptions • Greater near to medium
Slide 141: Adjusted Operating Profit Margin Bridge
Adjusted Operating Profit Margin Bridge 141 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Assumptions • Sales from divestitures replaced by higher gross profit product lines • Volume leverage • Growth Initiatives • Continued price leadership ~12%+ 0.6 - 0.8% (0.5) - 0.5% 0.7 - 1.0% 0.6 - 0.
Slide 142: Total Shareholder Return
127% 69% 103% 153% 549% 83% 46% 96% 208% 314% 84% 59% 161% 230% 391% 1-Year 3-Year 5-Year 10-Year 15-Year Total Shareholder Return1 (As of 3/31/21) VMI S&P MidCap 400 Index S&P 400 Industrial Machinery Continuing to Drive Long-Term Shareholder Value 142 | Valmont Industries, Inc. | 2021 Investor Day
Slide 143: Key Takeaways
Key Takeaways 143 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Continuing finance function transformation to a more business minded, data driven organization, with improved enabling technologies Leveraging clear capital allocation framework with disciplined and strategic approach to M&A En
Slide 144: Closing Remarks
CLOSING REMARKS Steve Kaniewski President & CEO
Slide 145: Why Invest with Us
Why Invest with Us 145 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Building on our strong ESG foundation by elevating our commitments, while conserving resources and improving life Accelerating growth with a focus on innovation and higher growth products and services; industry leader with
Slide 146: Q&A
Q&A 146 | Valmont Industries, Inc. | 2021 Investor DayMay 2021
Slide 147: Appendix
APPENDIX 147 | Valmont Industries, Inc. | 2021 Investor DayMay 2021
Slide 148: Summary of Effect of Significant Non-Recurring Items on Reported Results
Summary of Effect of Significant Non-Recurring Items on Reported Results ($000s) The non-GAAP tables below disclose the impact on operating income of (1) restructuring costs, (2) goodwill and trade name impairment charges, and (3) other non-recurring expenses We believe it is useful when considering
Slide 149: Summary of Effect of Significant Non-Recurring Items on Reported Results
Summary of Effect of Significant Non-Recurring Items on Reported Results Whole Corporation (Q4) • Severance of $10.9 million for early retirement program (across all segments) Engineered Support Structures (Q4) • Cash restructuring expenses to reduce administrative headcounts in India. Utility Suppo
Slide 150: 2011-2020 Historical Free Cash Flow
2011-2020 Historical Free Cash Flow1 10 Year Average FCF is $154M; Last 5 Years Has Averaged $151M 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Net cash flows from operating activities $ 149.7 $ 197.1 $ 396.4 $ 174.1 $ 272.3 $ 232.8 $ 133.1 $ 153.0 $ 307.6 $ 316.3 Net cash flows from investing
Slide 151: Calculation of Adjusted EBITDA and Leverage Ratio
Calculation of Adjusted EBITDA and Leverage Ratio Certain of our debt agreements contain covenants that require us to maintain certain coverage ratios. Our Debt/Adjusted EBITDA may not exceed 3.5X Adjusted EBITDA (or 3.75X Adjusted EBITDA after certain material acquisitions) of the prior four quarte
Slide 152: Speaker Bios
SPEAKER BIOS 152 | Valmont Industries, Inc. | 2021 Investor DayMay 2021
Slide 153: Speaker Biographies: Steve Kaniewski
Speaker Biographies 153 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Steve Kaniewski Chief Executive Officer Stephen G. Kaniewski was appointed President and Chief Executive Officer of Valmont in 2018. Before this appointment, he was President and Chief Operating Officer, after serving as
Slide 154: Speaker Biographies: Avner Applbaum
Speaker Biographies 154 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Avner Applbaum EVP and Chief Financial Officer Avner joined Valmont Industries in 2020 as Executive Vice President and Chief Financial Officer. He is responsible for developing and implementing the company’s financial str
Slide 155: Speaker Biographies: Diane Larkin
Speaker Biographies 155 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Diane Larkin Executive Vice President, Global Operations In her role as Executive Vice President of Global Operations at Valmont, Diane leads efforts to maximize the company’s manufacturing footprint across the entire ent
Slide 156: Speaker Biographies: Aaron Schapper
Speaker Biographies 156 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Aaron Schapper Executive Vice President, Infrastructure In his role as Executive Vice President, Infrastructure, Aaron is responsible for the strategic leadership of the Engineered Support Structures (ESS) and Utility Sup
Slide 157: Speaker Biographies: Lennie Adams
Speaker Biographies 157 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Lennie Adams Group President, Irrigation As Group President of Irrigation and tubing at Valmont, Lennie is responsible for the Global Irrigation division. Lennie began his career at Valmont in 1978 upon graduating from co
Slide 158: Speaker Biographies: Chris Colwell
Speaker Biographies 158 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Chris Colwell Group President, Utility As Group President of Utility, Chris sets strategy for all of utility to increase the group’s performance and profitability. Chris joined Valmont in 2011 and was soon tapped to serve
Slide 159: Speaker Biographies: Tim Donahue
Speaker Biographies 159 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Tim Donahue Group President, Lighting & Transportation Tim leads the Lighting and Transportation division as Group President. He joined Valmont in April 2018 as the Vice President and General Manager of the ESS North Amer
Slide 160: Speaker Biographies: Rick Cornish
Speaker Biographies 160 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Rick Cornish Group President, Coatings Rick serves as Group President of the Coatings division, a business segment he helped create in 1997 after joining Valmont the year before. Originally the Director of Business Develo
Slide 161: Speaker Biographies: Greg Turi
Speaker Biographies 161 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Greg Turi VP, Global Generation As Vice President, Global Generation, Greg is responsible for leading the Valmont Utility Support Structures (Utility) segment, as well as the renewable business areas. Greg joined Valmont
Slide 162: Speaker Biographies: Joe Catapano
Speaker Biographies 162 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Joe Catapano Group President, Telecommunications Joe Catapano serves as President of Global Telecommunications, where he is responsible for developing and implementing telecommunications strategy and growth around the wor
Slide 163: Speaker Biographies: Renee Campbell
Speaker Biographies 163 | Valmont Industries, Inc. | 2021 Investor DayMay 2021 Renee Campbell Vice President of Investor Relations and Communications As Vice President of Investor Relations and Corporate Communications, Renee is the primary point of contact for external stakeholders, the investor co