EX-99.1 3 ex991q1presentation.htm EX99.1 Q1 ROADHSOW PRESENTATION ex991q1presentation.htm


 
 
1
June 2009
 
 

 
2
 Except for the statements of historical fact, this release may contain forward-looking
 statements that involve risks and uncertainties some of which are detailed from
 time to time in documents filed by the company with the SEC. Those risks and
 uncertainties include, but are not limited to: changes in customer demand and
 response to products and services offered by the company, including demand by
 the electrical power generation markets, electrical transmission and distribution
 markets, the industrial markets, and the hot dip galvanizing markets; prices and raw
 material costs, including zinc and natural gas which are used in the hot dip
 galvanizing process and steel, aluminum and copper which are used in the
 electrical and industrial segment; changes in the economic conditions of the various
 markets the company serves, foreign and domestic, customer requested delays of
 shipments, acquisition opportunities, adequacy of financing, currency fluctuations,
 and availability of experienced management employees to implement the
 company's growth strategy. The company can give no assurance that such forward
 -looking statements will prove to be correct. We undertake no obligation to affirm,
 publicly update or revise any forward-looking statements, whether as a result of
 information, future events or otherwise.
Forward Looking Statement
 
 

 
3
 AZZ is a specialty electrical equipment
 manufacturer serving the global
 markets of power generation,
 transmission, distribution and industrial
 as well as a leading provider of hot dip
 galvanizing services to the steel
 fabrication market nationwide.
Company Overview
 
 

 
Total Company
Sales By Segment
44%
45%
56%
55%
Actual
FY2008
$320.2
(in millions)
Actual
FY2009
$412.4
(in millions)
Projected
FY2010
$370 to $390
(in millions)
42%
58%
Galvanizing
Electrical and Industrial
4
 
 

 
Total Company
Sales By Market Segment
Actual
FY2008
$320.2
(in millions)
Actual
FY2009
$412.4
(in millions)
Projected
FY2010
$370 to $390
(in millions)
5
 
 

 
Electrical and Industrial
Products
6
 
 

 
Electrical and Industrial
Products
Projected
2010
$220 to $230
(in millions)
7
 
 

 
Power Generation
8
 
 

 
Power Transmission
9
 
 

 
Power Distribution
10
 
 

 
Industrial / Commercial
11
 
 

 
12
Backlog
($ In Millions)
 
 

 
13
Backlog
($ In Millions)
Fiscal
2008
Fiscal
2009
1st Qtr
2010
Beginning Backlog
$120.7
$134.9
$174.8
Bookings
$334.4
$452.3
$70.7
Shipments
$320.2
$412.4
$95.5
Ending Backlog
$134.9
$174.8
$150.0
Book to Ship Ratio
104%
106%
74%
 
 

 
Galvanizing Services
 
 

 
Application: “After-fabrication”
steel corrosion protection
Locations: 20 facilities in 11 states
15
 
 

 
16
Galvanizing Services
Actual
FY2009
$186.6
(in millions)
Projected
FY2010
$150 to $160
(in millions)
 
 

 
17
June 2009
 
 

 
18
Consolidated Net Sales
($ In Millions)
$370 to
$390
 
 

 
19
 
 

 
20
Earnings Per Share
(Fully Diluted)
$2.70 to
$2.90
 
 

 
21
 
 

 
22
Operating Margins
 
 

 
23
Electrical and Industrial
Products
 
 

 
24
Projected
 
 

 
25
Total Bank Debt/ Long Term Debt to Equity
($ In Millions)
Projected Debt
Projected Debt to Equity Ratio
Projected Cash
Fiscal Year
 
 

 
26
Capital Expenditures/Depreciation
($ In Millions)
$14.6
 
 

 
27
Return On Assets
 
 

 
28
Investment Summary
 Strong Historical Performance
 » FY09 was 22nd consecutive year of profitability
 » 5 Yr CAGR - Revenues 25%, Net Income 58%, EPS 54%
 » Significant Operating Margins (above industry averages)
 Key Growth Drivers
 » Domestic & international demand for electrical power and energy
 » U.S. infrastructure investment
 Niche products and value added services with strong
 market share position
 Strong Management Team
 Successful acquisition track record and opportunities for
 further expansion and growth
 Strong balance sheet and cash flows
 
 

 
29
June 2009