AZZ Results Presentation Deck
ZAZZ
Company Highlights
AZZ Metal Coatings had another outstanding quarter, including record Sales of $166 million
AZZ Precoat Metals completed its first full quarter as part of AZZ with sales of $241 million
AZZ Infrastructure Solutions is now reported as discontinued operations
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Subsequent Events
Completed the divestiture a 60% majority stake in the Infrastructure Solutions Segment (1) receiving cash of $228.
million on September 30, 2022
▪ $210 million immediately applied to reduce Term Loan B debt;
▪ $15 million applied to the revolving credit facility; and
$3 million allotted to working capital
Entered into a floating-to-fixed rate swap for $550 million at 4.277%, representing approximately 50% of the
remaining Term Loan B debt.
Finalized Precoat acquisition working capital peg, realizing $15.8 million in cash settlement. Proceeds to be used to
further reduce borrowings on the Company Revolving Credit Facility
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Q2 FY2023 EARNINGS PRESENTATION
(1) Excludes AZZ Crowley Tubing.
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