Q4 and Full Year FY2022 Earnings Presentation
ZAZZ
Non-GAAP Disclosure of EBITDA
Q4 AND FULL YEAR FY2022 EARNINGS PRESENTATION
In addition to reporting financial results in accordance with Generally Accepted Accounting Principles in the
United States ("GAAP"), AZZ has provided EBITDA and Adjusted EBITDA, which are non-GAAP measures.
Management believes that the presentation of these measures provides investors with a greater
transparency comparison of operating results across a broad spectrum of companies, which provides a
more complete understanding of AZZ's financial performance, competitive position and prospects for the
future. Management also believes that investors regularly rely on non-GAAP financial measures, such as
EBITDA and Adjusted EBITDA, to assess operating performance and that such measures may highlight
trends in the Company's business that may not otherwise be apparent when relying on financial measures
calculated in accordance with GAAP.
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