AZZ Inc. Small-Cap Virtual Conference

Thank you, John, and thank you everyone for joining us today. Looking forward to reviewing our presentation with you. Kicking things off, for those of you that are not familiar with AZZ, as John mentioned, we are a metal coatings provider. We are the nation's largest independent provider of both hot-dip galvanizing post-fabrication, as well as coil coating, in North America. As you look at the business and when we unpack it during today's presentation, you will see that we have got a number one market share in both positions, and a really remarkable run, 39 consecutive years of profitability. If you look at the last fiscal year, $1.65 billion in sales and $4.6 billion market cap is all records for us. We are looking to continue to build on that momentum going forward. I will jump right in. Of course, typical disclaimer statement.

Moving past that, really want to kick off in why own AZZ and what makes us different. Really comes down to five structural reasons. Number one is the unrivaled footprint. We do have over 47 metal coatings locations in North America and 14 coil coating plants. Out of those 47, 43 are hot-dip galvanizing plants that I will refer to quite a bit during today's presentation. That unrivaled footprint really sets us up well because we have got about a 2x size advantage over our nearest competitors. When you think about growth, we have signaled to the market that you can look for 2x GDP or higher from us. We are seeing growth rates that are double-digit growth rates in the business, driven by a strong end market demand as well as also the addition of the Washington, Missouri plant, which has been ramping, and is in production.

You will look at the margin profile of the business, 22.3% adjusted EBITDA margins, 31%, very consistent on the metal coating side, and 21%-22% margins on the AZZ Precoat Metals side. Really very durable businesses as we unpack the presentation today. The balance sheet has never been in better shape. We are sitting at 1.4x debt-to-EBITDA leverage at the end of our Q1. That quarter ended in May 31st, and we will be providing an update here in October on our Q2 results very shortly. Last but not least, we are a toll coater. If you are not familiar with that, what that means is that we do not own the metal that we are coating. Our customers own that metal, and then they bring it to us and we simply either galvanize it or we are roll coating steel or aluminum on the AZZ Precoat Metals side.

So don't have to worry about metal pricing. That completely insulates us from all the fluctuate- Dave might seem to have frozen on us.

Yeah, that's what I'm doing right now as well.

The whole thing froze. Yeah, he's trying to log back in.