Slide 1: Fiscal 2025 Fourth-Quarter and Full-Year Results
BMS Software Suite FISCAL 2025 FOURTH-QUARTER AND FULL-YEAR RESULTS OCTOBER 1, 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 The most directly comparable GAAP measures for adjusted gross profit expense, income taxes, depreciation, amortization of acquired ("GAAP") financial measures: "adjusted gross profit“ and "adjusted and
Slide 4: About Acuity
ABOUT ACUITY OUR COMPETITIVE ADVANTAGE Our Values Our Operating System 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 Fourth Quarter Performance
AYI: FISCAL 2025 FOURTH QUARTER PERFORMANCE ($ in Millions, Except Per Share Data) AYI NET SALES AYI ADJUSTED DILUTED EPS1 17% 21% Strong Execution $1,209 $5.20 $1,032 $4.30 Increased Adjusted Operating Profit1 by 26 Percent and Expanded Adjusted Operating Profit Margin1 by 130 bps Q4'24 Q4'25 Q4'24
Slide 6: ABL: Acuity Brands Lighting
ABL: ACUITY BRANDS LIGHTING FISCAL 2025 FOURTH QUARTER PERFORMANCE Mark Architectural Lighting : 103 CityPoint, MA ($ in Millions) PREDICTABLE, REPEATABLE, SCALABLE NET SALES ADJUSTED OPERATING PROFIT1 ADJUSTED OPERATING PROFIT MARGIN1 1% 13% 210bps $955 $962 $194 20.1% $172 18.0% Q4'24 Q4'35 Q4'24
Slide 7: AIS: Acuity Intelligent Spaces
AIS: ACUITY INTELLIGENT SPACES FISCAL 2025 FOURTH QUARTER PERFORMANCE Distech Controls : Grand Palais WE CONTROL HOW A BUILDING OPERATES AND THE EXPERIENCES THAT HAPPEN IN A BUILDING ($ in Millions) SMARTER, SAFER, GREENER NET SALES ADJUSTED OPERATING PROFIT1 ADJUSTED OPERATING PROFIT MARGIN1 204% 1
Slide 8: Full-Year Fiscal 2025 Capital Allocation
FULL-YEAR FISCAL 2025 CAPITAL ALLOCATION Invest for Growth in our Current Businesses $601M 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 $119M Share Repurchases NYSE: AYI 8
Slide 9: Fiscal 2026 Outlook
FISCAL 2026 OUTLOOK AYI Net Sales Range1 $4.7B to $4.9B ABL Net Sales Up Low-Single Digits AIS Net Sales2 Up Low to Mid Teens Adjusted Diluted EPS Range1 $19.00 to $20.50 ADDITIONAL ASSUMPTIONS Net Interest Expense $25M - $30M Effective GAAP Tax Rate ~23.5% Amortization of Acquired Intangible Assets
Slide 10: Quarterly Trends
QUARTERLY TRENDS nLight® AIR Wireless Lighting Controls NYSE: AYI 10
Slide 11: AYI: Quarterly Trends
AYI: QUARTERLY TRENDS ($ in Millions, Except Per Share Data) $1,209 $1,179 Net Sales $1,032 $998 $1,000 $1,010 $1,006 $968 $944 $952 $935 $906 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Net Sales Growth 7.8% 3.8% (5.7%) (9.0%) (6.3%) (4.0%) (3.2%) 2.2% 1.8% 11.1% 21.7% 1
Slide 12: ABL: Quarterly Trends
ABL: QUARTERLY TRENDS ($ in Millions) $962 $955 $947 $944 $941 Net Sales $923 $899 $891 $886 $876 $844 $841 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Net Sales Growth 7.2% 3.2% (6.7%) (10.5%) (7.5%) (5.3%) (4.5%) 1.1% 1.1% (0.3%) 2.7% 0.8% Gross Profit Margin (GAAP) 40.
Slide 13: AIS: Quarterly Trends
AIS: QUARTERLY TRENDS ($ in Millions) $264 $255 $172 $76 $84 Net Sales $66 $72 $68 $74 $57 $58 $64 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Net Sales Growth 22.4% 16.4% 12.9% 17.1% 13.0% 17.0% 15.0% 16.7% 14.5% 151.8% 248.9% 204.2% Gross Profit Margin (GAAP) 57.6% 56.7
Slide 14: Appendix: Reconciliation of Non-GAAP Measures
APPENDIX Reconciliation of Non-GAAP Measures nLight® AIR Wireless Lighting Controls NYSE: AYI 14
Slide 15: AYI: Adjusted Gross Profit and Adjusted Gross Profit Margin
AYI: ADJUSTED GROSS PROFIT AND ADJUSTED GROSS PROFIT MARGIN ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Net Sales $998 $944 $1,000 $1,010 $935 $906 $968 $1,032 $952 $1,006 $1,179 $1,209 Gross Profit (GAAP) 417 407 447 443 428 412 452 489 449 468 570 591 Gr
Slide 16: AYI: Adjusted Operating Profit and Adjusted Operating Profit Margin
AYI: ADJUSTED OPERATING PROFIT AND ADJUSTED OPERATING PROFIT MARGIN ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Net Sales $998 $944 $1,000 $1,010 $935 $906 $968 $1,032 $952 $1,006 $1,179 $1,209 Operating Profit (GAAP) 109 112 143 110 133 118 145 157 133 11
Slide 17: AYI: Adjusted Net Income and Adjusted Diluted Earnings per Share
AYI: ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE ($ 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 Q3’25 Q4’24 Net Sales $998 $944 $1,000 $1,010 $935 $906 $968 $1,032 $952 $1,006 $1,179 $1,209 Net income (GAAP) 75 83 105 83 101 89 114
Slide 18: AYI: EBITDA and Adjusted EBITDA
AYI: EBITDA AND ADJUSTED EBITDA ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Net Sales $998 $944 $1,000 $1,010 $935 $906 $968 $1,032 $952 $1,006 $1,179 $1,209 Net Income (GAAP) 75 83 105 83 101 89 114 119 107 78 98 114 Net Income as a Percent of Net Sales (
Slide 19: AYI: Year-to-Date Cash Flow
AYI: YEAR-TO-DATE CASH FLOW ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 YTD Net cash provided by operating activities (GAAP) $187 $306 $472 $578 $190 $293 $445 $619 $132 $192 $399 $601 YTD Purchases of property, plant, and equipment (18) (36) (48) (67) (15
Slide 20: ABL: Adjusted Gross Profit and Adjusted Gross Profit Margin
ABL: ADJUSTED GROSS PROFIT AND ADJUSTED GROSS PROFIT MARGIN ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Net Sales $947 $891 $941 $944 $876 $844 $899 $955 $886 $841 $923 $962 Gross Profit (GAAP) 384 374 410 403 392 372 410 439 406 378 430 440 Gross Profit M
Slide 21: ABL: Adjusted Operating Profit and Adjusted Operating Profit Margin
ABL: ADJUSTED OPERATING PROFIT AND ADJUSTED OPERATING PROFIT MARGIN ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Net Sales $947 $891 $941 $944 $876 $844 $899 $955 $886 $841 $923 $962 Operating Profit (GAAP) 118 124 150 118 144 126 152 162 143 130 134 183 Op
Slide 22: AIS: Adjusted Gross Profit and Adjusted Gross Profit Margin
AIS: ADJUSTED GROSS PROFIT AND ADJUSTED GROSS PROFIT MARGIN ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Net Sales $57 $58 $66 $72 $64 $68 $76 $84 $74 $172 $264 $255 Gross Profit (GAAP) 33 33 37 40 37 41 42 50 43 90 140 151 Gross Profit Margin (GAAP) 57.6%
Slide 23: AIS: Adjusted Operating Profit and Adjusted Operating Profit Margin
AIS: ADJUSTED OPERATING PROFIT AND ADJUSTED OPERATING PROFIT MARGIN ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Net Sales $57 $58 $66 $72 $64 $68 $76 $84 $74 $172 $264 $255 Operating Profit (GAAP) 8 6 9 9 5 9 13 17 11 10 27 28 Operating Profit Margin (GAAP