AZZ Results Presentation Deck

ZAZZ Q2 Fiscal Year 2023-Debt Compliance / Net Leverage 7.5x 6.0x 4.5x 3.0x 1.5x 0.0x 2.4x 2018 1.7x 2019 0.9x 2020 1.5x 2021 1.5x 2022 5.0x 4.2x Pro Forma Leverage 5.0x 4.3x Qtr 1 FY2023 (1) - Current quarter leverage ratio excludes the impact from the reduction of debt from cash received on sale of 60% interest in AIS JV. Note: 6.25X represents Max Leverage Covenant in debt agreement. 12 Max Leverage 6.25x 4.3x 3.6 Qtr 2 FY2023 (1) Q2 FY2023 EARNINGS PRESENTATION

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