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© 2022 Valmont®Industries, Inc.Valmont Industries, Inc. Third Quarter 2022 Earnings Presentation October 27, 2022
© 2022 Valmont®Industries, Inc.Valmont Industries, Inc.
Earnings Presentation
October 27, 2022Disclosure Regarding Forward -Looking Statements
These slides contain (and the accompanying oral discussion will contain) “forward -looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other fa ctors
that could cause the actual results of the Company to differ materially from the results expressed or implied by such stateme nts,
including general economic and business conditions, conditions affecting the industries served by the Company and its subsidi aries
including the continuing and developing effects of the pandemic including the effects of the outbreak on the general economy and
the specific economic responses to the Company’s products and services, the overall market acceptance of such products and
services, the integration of acquisitions and other factors disclosed in the Company’s periodic reports filed with the Securi ties and
Exchange Commission, as well as future economic and market circumstances, industry conditions, company performance and
financial results, operating efficiencies, availability and price of raw materials, availability and market acceptance of new products,
product pricing, domestic and international competitive environments, geopolitical risks and actions and policy changes of do mestic
and foreign governments. Consequently, such forward -looking statements should be regarded as the Company’s current plans,
estimates and beliefs. The Company does not undertake and specifically declines any obligation to publicly release the result s of
any revisions to these forward -looking statements that may be made to reflect any future events or circumstances after the date of
such statements or to reflect the occurrence of anticipated or unanticipated events.
October 27, 2022 | Valmont Industries, Inc. 2STEVE KANIEWSKI
PRESIDENT & CHIEF EXECUTIVE OFFICER
October 27, 2022 | Valmont Industries, Inc. 3
October 27, 2022 | Valmont Industries, Inc. 4•Record sales as strong broad -based demand drove higher volumes despite macroeconomic volatility
•Disciplined pricing strategy to capture delivered value and offset inflation
•Record global backlog of $2.0 billion, reflecting strong market demand
•Delivering differentiated, sustainable solutions to our customersTOTAL 3Q 2022 SALES
•Market fundamentals and farmer sentiment driving robust project
pipeline, most notably in Middle East and Africa
•Pressure on crop yields and expected stock levels due to persistent
drought conditions, keeping global commodity prices elevated
•Typical 3Q seasonality less pronounced as we delivered 2Q backlogINFRASTRUCTURE
•Led by strong underlying demand across global markets for all product lines,
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