Slide 1: Fiscal 2025 First-Quarter Results
BMS Software Suite FISCAL 2025 FIRST-QUARTER RESULTS JANUARY 8, 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 presentation should be considered in intangible assets, share-based payment expense, supplier recovery ("GAAP") financial measures: “adjusted gross profit”, “adjuste
Slide 4: About Acuity
ABOUT ACUITY INTERSECTION OF OUR COMPETITIVE ADVANTAGE SUSTAINABILITY AND TECHNOLOGY Our Operating System Our Values Integrity Time Curiosity Owner’s Mindset Customer Obsessed People Community Luminis®: Syrios Pro HOW WE CREATE VALUE EFFECTIVE CAPITAL Our Business Segments ALLOCATION Grow Net Sales
Slide 5: AYI: Fiscal 2025 First Quarter Performance
AYI: FISCAL 2025 FIRST QUARTER PERFORMANCE ($ in Millions, Except Per Share Data) AYI NET SALES AYI ADJUSTED DILUTED EPS1 2% 7% Solid Execution $952 $3.97 $935 $3.72 Increased Adjusted Operating Profit1 by 3 Percent and Improved Adjusted Operating Profit Margin by 20 basis points Q1'24 Q1'25 Q1'24 Q
Slide 6: Acuity Brands Lighting
ACUITY BRANDS LIGHTING FISCAL 2025 FIRST QUARTER PERFORMANCE Mark Architectural Lighting : 103 CityPoint, MA ($ in Millions) PREDICTABLE, REPEATABLE, SCALABLE NET SALES ADJUSTED OPERATING PROFIT1 ADJUSTED OPERATING PROFIT MARGIN1 1% Flat (20bps) $876 $886 $154 $154 17.5% 17.3% Q1'24 Q1'25 Q1'24 Q1'2
Slide 7: Acuity Intelligent Spaces
ACUITY INTELLIGENT SPACES FISCAL 2025 FIRST QUARTER PERFORMANCE Distech Controls : Grand Palais EXPANDING OUR ADDRESSABLE MARKET DISRUPTIVE TECHNOLOGIES THAT LEVERAGE DATA INTEROPERABILITY ($ in Millions) SMARTER, SAFER, GREENER NET SALES ADJUSTED OPERATING PROFIT1 ADJUSTED OPERATING PROFIT MARGIN1
Slide 8: YTD Fiscal 2025 Capital Allocation
YTD FISCAL 2025 CAPITAL ALLOCATION Invest for Growth in our Current Businesses $132M Operating Cash Flow Invest in M&A $19M CapEx Increase our Dividend $5M Repurchase Shares to Create Permanent Shareholder Value Share Repurchases NYSE: AYI 8
Slide 9: Fiscal 2025 Outlook Adjusted for QSC
FISCAL 2025 OUTLOOK ADJUSTED FOR QSC AYI Net Sales Range1 $4.3B to $4.5B Adjusted Diluted EPS Range1 $16.50 to $18.00 ADDITIONAL ASSUMPTIONS Net Interest Expense ~$20M - $25M Note: QSC acquisition closed at the beginning of January 2025. 1 Management estimates are based on multiple quantitative and
Slide 10: Quarterly Trends
QUARTERLY TRENDS nLight® AIR Wireless Lighting Controls NYSE: AYI 10
Slide 11: AYI: Quarterly Trends
AYI: QUARTERLY TRENDS ($ in Millions, Except Per Share Data) $1,032 $1,010 $998 $1,000 $968 $944 $952 $935 $906 Net Sales Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Net Sales Growth 7.8% 3.8% (5.7%) (9.0%) (6.3%) (4.0%) (3.2%) 2.2% 1.8% Gross Profit Margin (GAAP) 41.7% 43.1% 44.7% 43.8% 4
Slide 12: Acuity Brands Lighting Quarterly Trends
ACUITY BRANDS LIGHTING QUARTERLY TRENDS ($ in Millions) $955 $947 $944 $941 $899 $891 $886 $876 $844 Net Sales Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Net Sales Growth 7.2% 3.2% (6.7%) (10.5%) (7.5%) (5.3%) (4.5%) 1.1% 1.1% Operating Margin (GAAP) 12.5% 13.9% 15.9% 12.5% 16.4% 14.9% 16
Slide 13: Acuity Intelligent Spaces Quarterly Trends
ACUITY INTELLIGENT SPACES QUARTERLY TRENDS ($ in Millions) $84 $76 $72 $74 $68 $66 $64 $57 $58 Net Sales Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Net Sales Growth 22.4% 16.4% 12.9% 17.1% 13.0% 17.0% 15.0% 16.7% 14.5% Operating Margin (GAAP) 13.6% 10.8% 13.1% 13.1% 8.3% 13.4% 16.5% 19.9%
Slide 14: Appendix: Reconciliation of Non-GAAP Measures
APPENDIX Reconciliation of Non-GAAP Measures nLight® AIR Wireless Lighting Controls NYSE: AYI 14
Slide 15: AYI: Adjusted Gross Profit and Adjusted Gross Profit Margin
AYI: ADJUSTED GROSS PROFIT AND ADJUSTED GROSS PROFIT MARGIN ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Net Sales $998 $944 $1,000 $1,010 $935 $906 $968 $1,032 $952 Gross Profit (GAAP) 417 407 447 443 428 412 452 489 449 Gross Profit Margin (GAAP) 41.7% 43.1% 44.7% 43.8% 45
Slide 16: AYI: Adjusted Operating Profit and Adjusted Operating Profit Margin
AYI: ADJUSTED OPERATING PROFIT AND ADJUSTED OPERATING PROFIT MARGIN ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Net Sales $998 $944 $1,000 $1,010 $935 $906 $968 $1,032 $952 Operating Profit (GAAP) 109 112 143 110 133 118 145 157 133 Operating Profit Margin (GAAP) 10.9% 11.8
Slide 17: AYI: Adjusted Net Income and Adjusted Diluted EPS
AYI: ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE ($ in Millions, Except Per Share Data) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’24 Q3’24 Q4’24 Net Sales $998 $944 $1,000 $1,010 $935 $906 $968 $1,032 $952 Net income (GAAP) 75 83 105 83 101 89 114 119 107 Adjustments A
Slide 18: AYI: EBITDA and Adjusted EBITDA
AYI: EBITDA AND ADJUSTED EBITDA ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Net Sales $998 $944 $1,000 $1,010 $935 $906 $968 $1,032 $952 Net Income (GAAP) 75 83 105 83 101 89 114 119 107 Net Income as a Percent of Net Sales (GAAP) 7.5% 8.8% 10.5% 8.2% 10.8% 9.8% 11.8% 11.5%
Slide 19: Acuity Brands Lighting: Adjusted Operating Profit and Margin
ACUITY BRANDS LIGHTING: ADJUSTED OPERATING PROFIT AND ADJUSTED OPERATING PROFIT MARGIN ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Net Sales $947 $891 $941 $944 $876 $844 $899 $955 $886 Operating Profit (GAAP) 118 124 150 118 144 126 152 162 143 Operating Profit Margin (GAA
Slide 20: Acuity Intelligent Spaces: Adjusted Operating Profit and Margin
ACUITY INTELLIGENT SPACES: ADJUSTED OPERATING PROFIT AND ADJUSTED OPERATING PROFIT MARGIN ($ in Millions) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Net Sales $57 $58 $66 $72 $64 $68 $76 $84 $74 Operating Profit (GAAP) 8 6 9 9 5 9 13 17 11 Operating Profit Margin (GAAP) 13.6% 10.8% 13.1%