Investor Presentation
High ROIC Strategic Investment:
New Precoat Coating Line
In November 2022, AZZ announced the construction of a new
aluminum coil coating line outside St. Louis, Missouri with an
estimated completion date of August 2024
Compelling Strategic and Financial Investment...
■ Enables Precoat to benefit from secular shift to aluminum cans
■ Sales of $60+ million by 2026 at an EBITDA margin above
Precoat overall margin
■ROIC well in excess of return of cost of capital
■Long-term contractual customer commitments for over 75% of
the new capacity
Z
...Achieved While Still Meeting
Deleveraging Goals
■ Remain committed to reducing net
leverage to 3.0x by February 2024
■ Sale leaseback reduces initial capital
investment to $60 million (remainder of
$110 million project financed via a lease)
INVESTOR PRESENTATION
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