AZZ Results Presentation Deck
ZAZZ
Non-GAAP Disclosure of EBITDA
Q2 FY2023 EARNINGS PRESENTATION
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 given the
influx of merger and acquisition and divestiture activities, 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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