Attached files
| file | filename |
|---|---|
| 8-K - AZZ PRESENTATION, FINANCIAL AND OTHER INFO - AZZ INC | azzpresentationotherfininfo.htm |
| EX-99.1 - AZZ PRESS RELEASE JAN 20, 2010 - AZZ INC | ex991pressreleasejan20.htm |
| EX-99.2 - AZZ OTHER FINANCIAL INFO FY13 - AZZ INC | ex992otherfininfofy13.htm |
January 24, 2012
2
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 28, 2011 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.
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 28, 2011 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.
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.
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.
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
Sales By Segment
57%
59%
43%
41%
Actual
FY2011
$381
(in millions)
Projected
FY2012
$465 to $475
(in millions)
Projected
FY2013
$475 to $510
(in millions)
Galvanizing
Electrical and Industrial
4
5
Actual
FY2011
$381
(in millions)
Projected
FY2012
$465 to $475
(in millions)
Projected
FY2013
$475 to $510
(in millions)
6
Electrical and Industrial Products
7
Electrical and Industrial Products
Actual
FY2011
$163
(in millions)
Projected
FY2012
$190 to $195
(in millions)
Projected
FY2013
$195 to $205
(in millions)
8
Power Generation
8
8
Power Transmission
9
Power Distribution
10
Industrial / Commercial
11
Backlog
($ In Millions)
12
13
Backlog
($ In Millions)
|
|
Fiscal
2010 |
Fiscal
2011 |
1st Qtr
2012 |
2nd Qtr
2012 |
3rd Qtr
2012 |
|
Beginning
Backlog |
$174.8
|
$109.9
|
$108.4
|
$114.7
|
$123.2
|
|
Bookings
|
$292.1
|
$379.1
|
$120.7
|
$123.1
|
$125.4
|
|
Shipments
|
$357.0
|
$380.6
|
$114.4
|
$114.6
|
$116.5
|
|
Ending
Backlog |
$109.9
|
$108.4
|
$114.7
|
$123.2
|
$132.1
|
|
Book to Ship
Ratio |
82%
|
100%
|
106%
|
107%
|
108%
|
14
Galvanizing Services
15
Application: “After-fabrication”
steel corrosion protection
steel corrosion protection
16
Galvanizing Services
Projected
FY2012
$275 to $280
(in millions)
Projected
FY2013
$280 to $305
(in millions)
17
Consolidated Net Sales
($ In Millions)
($ In Millions)
$465 to
$475
$475
$475 to
$510
$510
18
Earnings Per Share
(Fully Diluted)
(Fully Diluted)
$3.25 to
$3.55
$3.55
$3.00 to
$3.15
$3.15
19
Consolidated Net Sales/Earnings Per Share
First Nine Months FY12
First Nine Months FY12
20
Operating Margins
21
Operating Margins
First Nine Months FY12
First Nine Months FY12
22
Projected
23
Projected Debt
Projected Debt to Equity Ratio
Projected Cash
Fiscal Year
24
25
Return On Assets
26
Investment Summary
• Strong Historical Performance
• FY11 is the 24th consecutive year of profitability
• 5 Yr CAGR - Revenues 15%, Net Income 35%, EPS 32%
• 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
growth
• Strong balance sheet and cash flows
• Cash Dividend
27