AZZ Results Presentation Deck slide image

AZZ Results Presentation Deck

ZAZZ Q2 Fiscal Year 2023 Summary - AZZ Consolidated Results In $millions, except percentages and per share amounts Sales +209.4% $131.4 $406.7 FY2022 FY2023 • Precoat Metals sales reported for the first full quarter Strong demand within both AMC and APM drove sales growth $36.6 EBITDA (a) +174.4% $100.5 -$17.1 FY2022 I FY2023 FY2023 (a) Note: See slide 20 & 21 for reconciliation of GAAP to Non-GAAP Flow through from higher sales, particularly AMC • Includes one-time acquisition and transaction-related costs of $2.7 million and adds back one-time non- cash loss on sale of AIS of $114.9 million 6 Net Income (a) +89.3% . $19.0 $35.9 -$33.8 FY2022 FY2023 FY2023(a) • Continued strong operational performance across the Segments Adjusted Net Income Q2-23 impacted by divestiture related expenditures and AIS sale loss. Q2 FY2023 EARNINGS PRESENTATION Diluted EPS (a) +63.2% $0.76 $1.24 -$1.91 FY2022 FY2023 FY2023(a) Improved operational earnings across both Segments Estimated loss on disposal of discontinued operation ($114.9M), net of tax loss of ($89.4) million Q2 adjusted EPS includes $3.15 of EPS add-backs
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