Financial Data and Key Metrics Changes - Net sales for Q1 2021 were $792 million, a decrease of 5% compared to the prior year, primarily due to a 4% decrease in product prices and mix, and a 1% decrease in sales volume [11][12] - Gross profit margin remained consistent at 42%, despite lower sales, with reported operating profit of $86 million compared to $84 million in the prior year [14][15] - Diluted earnings per share increased by 9% to $1.57, while adjusted diluted EPS was $2.03, a decrease of $0.10 from the prior year [15][16] Business Line Data and Key Metrics Changes - Independent sales network net sales were $599 million, down 3% due to pandemic impacts [12] - Direct sales network experienced a 9.5% decline to $76 million, attributed to postponed large industrial projects [12] - Retail sales channel saw a 3% increase to $55 million, driven by higher demand for residential products [12] Market Data and Key Metrics Changes - The company noted broad disparity in performance across geographies, with sales regions ranging from up 15% to down 13% [56] - The backlog remains strong, with optimism for project releases as conditions improve [29] Company Strategy and Development Direction - The company plans to reorganize into two units: Acuity Brands Lighting and Intelligent Buildings, to better meet customer needs and enhance innovation [24] - Focus on digital transformation to improve customer-centric sales and operations, including enhancements to product catalog and communication with contractors [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for improvement in 2021, despite ongoing uncertainty in end markets [23] - The company is committed to maintaining gross margins and managing costs effectively while continuing to invest in product development [18][34] Other Important Information - The company repurchased 2.6 million shares for approximately $255 million, with a remaining authorization for 5.1 million shares [16][23] - The company successfully issued a $500 million bond at a 2.15% coupon rate to refinance existing debt [8][23] Q&A Session Summary Question: Commentary on the environment and backlog - Management noted consistent performance in the independent sales network and a strong backlog, with optimism for project releases despite pandemic-related delays [28][29] Question: Pricing and cost inflation outlook - Management indicated plans to manage price increases to offset rising input costs, particularly in steel and aluminum [33][34] Question: Margin outlook amidst commodity impacts - Management expressed confidence in maintaining gross profit margins despite commodity cost pressures, with proactive pricing strategies in place [44][46] Question: Share repurchase strategy - Management stated intentions to continue share repurchases opportunistically, depending on market conditions and stock price dislocations [47][49] Question: Stability in end markets - Management highlighted flexibility in product offerings to adapt to various end markets, with cautious optimism for recovery in 2021 [52][54]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________ Form 10-K __________________________________________________________ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended August 31, 2020. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . _______________________ ...

Acuity Brands, Inc. (NYSE:AYI) Q4 2020 Earnings Conference Call October 8, 2020 10:00 AM ET Company Participants Pete Shannin - Vice President, Investor Relations, Corporate Development Neil Ashe - President and Chief Executive Officer Karen Holcom - Senior Vice President and Chief Financial Officer Richard Reece - Executive Vice President Conference Call Participants Tim Wojs - Baird Ryan Merkel - William Blair Christopher Glynn - Oppenheimer Deepa Raghavan - Wells Fargo Jeff Osborne - Cowen and Compa ...

Acuity Brands, Inc. (NYSE:AYI) Q3 2020 Earnings Conference Call June 30, 2020 10:00 AM ET Company Participants Pete Shannin - Vice President, Investor Relations and Corporate Development Neil Ashe - President and Chief Executive Officer Karen Holcom - Senior Vice President and Chief Financial Officer Richard Reece - Executive Vice President Conference Call Participants John Walsh - Credit Suisse Deepa Raghavan - Wells Fargo Securities, LLC. Christopher Glynn - Oppenheimer & Co Inc. Tim Wojs - Robert W. Bair ...

Table of Contents Title of each class Trading symbol Name of each exchange on which registered Common stock, $0.01 par value per share AYI New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ Form 10-Q _____________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2020. OR ☐ TRANSITION REPORT PURSUA ...

Financial Data and Key Metrics Changes - Net sales for Q2 2020 were $824 million, a decrease of 3.5% compared to the same period last year [11] - Overall net sales volume declined approximately 7%, while the price mix of products sold was favorable by approximately 1% [11] - Gross profit was $344 million, up approximately $10 million from the year-ago period, with a gross profit margin of 41.7%, an increase of 260 basis points year-over-year [16] - Reported operating profit was $81 million compared to $96 million in the prior year, with an adjusted operating profit of $102 million compared to $112 million [17] - Diluted EPS for the second quarter was $1.44, down $0.23 from the prior year, while adjusted diluted EPS was $1.84 compared to $1.99 [18] - Generated $250 million of net cash flow from operating activities during the first half of fiscal 2020, up $26 million or 14% compared to the prior year [18] Business Line Data and Key Metrics Changes - Net sales through the independent sales network, which represents approximately 72% of total net sales, increased 4% year-over-year [13] - Sales in the Contractor Select products grew by 30% this quarter [9] - Direct sales network net sales were down 16% year-over-year, primarily due to the completion of larger infrastructure projects in the previous year [13] - Retail channel net sales declined by 23% compared to the prior year, attributed to the company's exit from certain products and the impact of tariffs [14] - Corporate accounts channel sales decreased by almost $20 million compared to the previous year due to the completion of certain projects [15] Market Data and Key Metrics Changes - Demand for private nonresidential construction, particularly lighting, was down in the low single-digit percentage range year-over-year [12] - The company faced year-over-year revenue declines in retail and corporate accounts due to strategic changes and project timing [9][12] Company Strategy and Development Direction - The company is focusing on digital transformation and adapting to a pull-based market environment [27][29] - Plans to leverage its market leadership in lighting and technology to enhance competitiveness and explore new business opportunities [26][29] - The management emphasizes the importance of maintaining a strong balance sheet and liquidity during the COVID-19 pandemic [19][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and ability to navigate the challenges posed by the COVID-19 pandemic [20][21] - The company is preparing for various scenarios and is focused on ensuring liquidity while positioning itself for future growth [23][30] - Management acknowledged the potential for a rebound in demand post-pandemic, particularly in renovation projects [50] Other Important Information - The company has a total debt outstanding of $406 million and additional borrowing availability of approximately $396 million under its bank credit facility [19] - The management highlighted the adaptability and durability of the business model, which allows for efficient cash generation [26][30] Q&A Session Summary Question: Where in your business do you see revenue opportunity and where do you see the biggest challenges? - Management identified opportunities in product portfolio development and supply chain strength, while challenges include scaling the business appropriately [32][33] Question: Are you seeing push outs and cancellations in the retail segment? - Management noted consistent results in retail but expects demand shocks to impact the segment [34][35] Question: To what extent might this entail a fundamental margin reset over time? - Management is evaluating the adaptability of the business model and aims for efficient competition across market segments [37][39] Question: How are you managing your inventory levels in the coming months? - Management is maintaining supply for Asian finished goods and ensuring access to necessary components while building to demand [77][78]

Table of Contents Title of each class Trading symbol Name of each exchange on which registered Common stock, $0.01 par value per share AYI New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ Form 10-Q _____________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 29, 2020. OR ☐ TRANSITION REPORT P ...