Investor Presentation
Disclaimers
Cautionary Statements Regarding Forward Looking Statements
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Certain statements herein about our expectations of future events or results constitute forward-
looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995, including the statements regarding our strategic and
financial initiatives. You can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "intends," "anticipates," "believes," "estimates,"
"predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Such forward-looking statements are based on currently available
competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain,
and investors must recognize that actual results may differ from those expressed or implied in the forward-looking statements. Certain factors could affect the outcome of
the matters described herein. This presentation may contain forward-looking statements that involve risks and uncertainties including, but not limited to, changes in
customer demand for our products and services, including demand by the power generation markets, electrical transmission and distribution markets, the industrial
markets, and the metal coatings markets. In addition, within each of the markets we serve, we also continue to experience additional increases in labor costs, components,
and raw materials including zinc and natural gas which are used in the hot-dip galvanizing process; supply-chain vendor delays; customer requested delays of our products
or services; delays in additional acquisition or disposition opportunities; currency exchange rates; availability of experienced management and employees to implement
the Company's growth strategy; a downturn in market conditions in any industry relating to the products we inventory or sell or the services that we provide; economic
volatility or changes in the political stability in the United States and other foreign markets in which we operate; acts of war or terrorism inside the United States or abroad;
and other changes in economic and financial conditions. The Company has provided additional information regarding risks associated with the business in the Company's
Annual Report on Form 10-K for the fiscal year ended February 28, 2022, and other filings with the Securities and Exchange Commission ("SEC"), available for viewing on
the Company's website at www.azz.com and on the SEC's website at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking
statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement.
These statements are based on information as of the date hereof and the Company's assumes no obligation to update any forward-looking statements, whether as a result
of new information, future events, or otherwise.
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Non-GAAP - Regulation G Disclosures – 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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INVESTOR PRESENTATION
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