Alleghany 2021 Full Year Performance Highlights
(1)
Alleghany Capital - FY 2021 Business Updates
Company/
Acquired
Revenue (¹) /
% Owned
FY 2021 Business Update
W&W | AFCO STEEL
2017
$ 1,038
80%
$ 1,028
Jazwares
2016
76%
ips
$ 886
82%
2015
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W&W AFCO Steel achieved over $1.0 billion in revenue in 2021 for the first time in its
history as revenue increased 31% YoY due to 40% increase in fabrication revenue
W&W AFCO Steel's revenue backlog has more than doubled since December 2020
■ The significant increase in backlog since year-end 2020 was driven by strong new
project wins in the infrastructure and technology sectors
For the first time in its 24-year history, Jazwares achieved over $1.0 billion in revenue
for FY 2021 (vs. $514.5 million in 2020) making it now the #7 largest US toy
manufacturer
■ The 100% revenue increase reflects strong demand across multiple products as it
gained significant market share with its 3 largest customers (Wal-Mart, Target, and
Amazon)
■ Profit margins were slightly impacted by product mix and higher shipping and logistics
costs as ocean freight rates increased 2x-5x 2020 prices driven by tight supply chain
capacity
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◉
Gross revenue increased 43% YoY driven partially by the acquisition of Linesight
On 10/18/2021, IPS acquired Linesight, a Dublin, Ireland-based global consultancy
firm providing cost and project management, project controls, risk, scheduling, and
procurement services for clients in the data center, technology, and life sciences
sectors
Project pipeline remains strong with many Pandemic related engineering and
construction assignments ongoing
FY 2021 Alleghany Capital product and service revenues. Revenues are on 100% basis in $ millions.
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