Attached files
| file | filename |
|---|---|
| EX-99.2 - OTHER FINANCIAL INFO - AZZ INC | ex992.htm |
| 8-K - FY13 Q1 PRESENTATION AND FINANCIAL INFO - AZZ INC | fy13q1presentation.htm |
July 5, 2012
2
Forward Looking Statement
Certain statements herein about our expectations of future events or results constitute forward-looking statements for
purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-
looking statements by terminology such as, “may,” “should,” “expects, “ “plans,” “anticipates,” “believes,” “estimates,”
“predicts,” “potential,” “continue,” or the negative of these terms or other comparable terminology. Such forward-looking
statements are based on currently available competitive, financial and economic data and management’s views and
assumptions regarding future events. Such forward-looking statements are inherently uncertain, and investors must
recognize that actual results may differ from those expressed or implied in the forward-looking statements. In addition,
certain factors could affect the outcome of the matters described herein. This presentation may contain forward-looking
statements that involve risks and uncertainties including, but not limited to, changes in customer demand and response to
products and services offered by AZZ, 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 cost,
including zinc and natural gas which are used in the hot dip galvanizing process; changes in the economic conditions of the
various markets that AZZ serves, foreign and domestic, customer request delays of shipments, acquisition opportunities,
currency exchange rates, adequacy of financing, and availability of experienced management employees to implement
AZZ’s growth strategy. AZZ has provided additional information regarding risks associated with the business in AZZ’s
Annual Report on Form 10-K for the fiscal year ended February 29, 2012 and other filings with the SEC, available for
viewing on AZZ’s website at www.azz.com and on the SEC’s website at www.sec.gov.
purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-
looking statements by terminology such as, “may,” “should,” “expects, “ “plans,” “anticipates,” “believes,” “estimates,”
“predicts,” “potential,” “continue,” or the negative of these terms or other comparable terminology. Such forward-looking
statements are based on currently available competitive, financial and economic data and management’s views and
assumptions regarding future events. Such forward-looking statements are inherently uncertain, and investors must
recognize that actual results may differ from those expressed or implied in the forward-looking statements. In addition,
certain factors could affect the outcome of the matters described herein. This presentation may contain forward-looking
statements that involve risks and uncertainties including, but not limited to, changes in customer demand and response to
products and services offered by AZZ, 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 cost,
including zinc and natural gas which are used in the hot dip galvanizing process; changes in the economic conditions of the
various markets that AZZ serves, foreign and domestic, customer request delays of shipments, acquisition opportunities,
currency exchange rates, adequacy of financing, and availability of experienced management employees to implement
AZZ’s growth strategy. AZZ has provided additional information regarding risks associated with the business in AZZ’s
Annual Report on Form 10-K for the fiscal year ended February 29, 2012 and other filings with the SEC, available for
viewing on AZZ’s website at www.azz.com and on the SEC’s website at www.sec.gov.
You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned
not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary
statement. These statements are based on information as of the date hereof and AZZ assumes no obligation to update any
forward-looking statements, whether as a result of new information, future events, or otherwise.
not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary
statement. These statements are based on information as of the date hereof and AZZ assumes no obligation to update any
forward-looking statements, whether as a result of new information, future events, or otherwise.
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 North
American steel fabrication market.
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 North
American steel fabrication market.
3
Company Overview
4
5
Electrical and Industrial Products
6
7
8
Our products & services
power up the world from
any generation source.
power up the world from
any generation source.
Bus Systems
Nuclear Safety
Electrical Enclosures
Collector Substations for Renewables
Switchgear
Metal Clad Outdoor Switchgear
Gas Insulated Bus Duct
Power Control Centers
Relay Panels
Portable Substations
Utility
IPP
EPC
Co-ops
OEM
10
Our products & services
serve a broad range of
industries, including
petrochemical, mining,
pipeline, and more.
serve a broad range of
industries, including
petrochemical, mining,
pipeline, and more.
Hazardous Duty Lighting
Power Distribution Centers
Mining Switchgear
Oil & Gas Tubing
Relay Panels
Backlog - Electrical & Industrial Products
($ In Millions)
($ In Millions)
11
|
|
Fiscal 2011
|
Fiscal 2012
|
1st Qtr 2013
|
|
Beginning Backlog
|
$109.9
|
$108.4
|
$138.6
|
|
Bookings
|
$379.1
|
$499.3
|
$124.7
|
|
Shipments
|
$380.6
|
$469.1
|
$127.1
|
|
Ending Backlog
|
$108.4
|
$138.6
|
$136.2
|
|
Book to Ship Ratio
|
100%
|
106%
|
98%
|
Backlog
($ In Millions)
($ In Millions)
12
Galvanizing Services
13
Application: “After-fabrication”
steel corrosion protection
steel corrosion protection
Locations: 34 facilities
in 17 states and 1
Canadian Province
in 17 states and 1
Canadian Province
14
Galvanizing Services
15
Consolidated Net Sales
($ In Millions)
($ In Millions)
16
Consolidated Net Sales
First Quarter
First Quarter
17
Earnings Per Share
(Fully Diluted)
(Fully Diluted)
18
Earnings Per Share
First Quarter
First Quarter
19
Operating Margins
20
21
Operating Margins
First Quarter
First Quarter
Projected
23
Total Bank Debt / Long Term Debt to Equity
($ In Millions)
($ In Millions)
Projected Debt
Projected Debt to Equity Ratio
Projected Cash
Fiscal Year
24
Capital Expenditures/Depreciation
($ In Millions)
($ In Millions)
Return On Assets
25
26
AZZ Investment Summary
• Strong Historical Performance
• FY12 is the 25th consecutive year of profitability
• 10 Yr CAGR - Revenues 12%, Net Income 18%, EPS 16%
• 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
• Cash Dividend
27