AZZ Results Presentation Deck

ZAZZ Q2 FY2023 Segment Results - Metal Coatings In millions $ except percentages Key Statistics FY2022 Sales Organic Acquisitions FY2023 Sales $131.4 $158.8 $7.0 $165.8 Sales +26% $131.4 FY2022 $165.8 FY2023 Operating Income 7 $32.0 24.4% +40% FY2022 $45.0 27.1% FY2023 Q2 FY2023 EARNINGS PRESENTATION EBITDA +34% $39.5 30,1% $53.0 32.0% FY2022 FY2023 AZZ Metal Coating Segment (AMC) Summary: Strong total segment sales growth during the quarter, driven by galvanizing volumes up 9.7%, and organic growth of 21% Operating margins of 27.1% for the current quarter were a result of strong operational execution, price, and mix of products galvanized, and includes approximately $5.1 million in insurance settlements and gain on sale of land Increased costs in Galvanizing (zinc, labor, acid, energy) continued to be offset by operating efficiencies, productivity and value pricing. Outlook for the 2nd half of the year remains good but with normal winter impact on construction activity as well as rising zinc costs in our kettles

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