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Investor Presentaiton

Industrial Solutions ZAZZ Infrastructure Solutions Segment: Market and Trends Electrical Products Bus Duct Enclosures Switchgear High Voltage Medium Voltage Tubular and Lighting Specialty Weld Overlay COVID Impact Outlook 12 INVESTOR PRESENTATION Business Dynamics E-housing growth driven by transmission & distribution (T&D) spending, modular datacenters, energy storage and renewables Primarily driven by housing starts, population growth, and renewable mandates driving expansion of T&D grid Growth tied to T&D spending, utilities and Industrial end- markets Opportunistic large project growth Primarily exposed to upstream O&G exploration and conversion to LED (~90% of AZZ lighting) ~$1 billion+ market (~60% exposure to refining) Refining turnaround activity improving globally, despite COVID-19
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