Valmont Industries Investor Presentation — April 2018

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Valmont Industries, Inc.

Earnings PresentationForward -looking Statement Disclosure

These slides contain (and the accompanying oral discussion will contain) “forward -looking

statements” within themeaning ofthePrivate Securities Litigation Reform Actof1995 .Such

statements involve known andunknown risks, uncertainties andother factors thatcould cause the

actual results oftheCompany todiffer materially from theresults expressed orimplied bysuch

statements, including general economic andbusiness conditions, conditions affecting theindustries

served bytheCompany and itssubsidiaries, conditions affecting theCompany’s customers and

suppliers, competitor responses totheCompany’s products and services, theoverall market

acceptance ofsuch products and services, theintegration ofacquisitions and other factors

disclosed intheCompany’s periodic reports filed with theSecurities andExchange Commission .

Consequently such forward -looking statements should beregarded astheCompany’s current

plans, estimates and beliefs .The Company does notundertake and specifically declines any

obligation topublicly release theresults ofanyrevisions tothese forward -looking statements that

may bemade toreflect anyfuture events orcircumstances after thedate ofsuch statements orto

reflect theoccurrence ofanticipated orunanticipated events .

2 April 19, 2018 | Valmont Industries, Inc. | Q1 2018 Earnings Presentation2018 First Quarter Highlights

•Revenues increased 9.6% to $698.7 million

•GAAP operating income decreased 1.1% to $64.0 million. Adjusted operating income

increased 5.7% to $68.4 million1

•Deployed capital for share repurchases, two acquisitions in the Irrigation segment, and

investments in existing factories in the U.S., Poland, and the United Arab Emirates

•The sale of Donhad Pty. Ltd, the mining consumables business in Australia, was approved

by Australian regulatory authorities, with expected closing by April 30

•Incurred pre-tax restructuring expense of $4.4 million during the quarter, predominately

cash, equivalent to $0.15 per share, after -tax

•Increasing 2018 annual guidance for GAAP diluted EPS to a range of approximately

$7.70 -$7.80, and adjusted diluted EPS to a range of approximately $8.00 -$8.10, to reflect

capital deployment activities during the quarter, and approximately $ 10.0 million of

restructuring charges

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