Safe-Harbor Statement

This presentation contains forward-looking statements that are subject to risks and uncertainties and which reflect management's current beliefs and estimates of future economic circumstances, industry conditions, Company performance, financial results and planned financing. You can find a discussion of many of these risks and uncertainties in the annual, quarterly and current reports that the Company files with the Securities and Exchange Commission.

Investors should understand that a number of factors could cause future economic and industry conditions, and the Company's actual financial condition and results of operations, to differ materially from management's beliefs expressed in the forward-looking statements contained in this presentation. These factors include but are not limited to those outlined in the "Risk Factors" sections of the Company's most recent annual report on Form 10-K filed with the Securities and Exchange Commission and the Company's quarterly report on Form 10-Q for the fiscal quarter ended February 29, 2020, and investors are urged to review these factors when considering the forward-looking statements contained in this presentation.

For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

Global Platforms Rooted in Innovation and Sustainable Solutions

Lindsay Revenue Mix

(Fiscal 2019)

U.S. Irrigation

Founded

Key Statistics*

1955

Global Mfg. Locations

7 Countries

Employees

~1,100

Market cap

~$1.0B

Headquarters

Omaha, NE

* As of 7/1/2020

Executing Long-Term Value Creation

  • • Deepening customer relationships through technology differentiation

  • • Solutions and growth aligned to market megatrends…. designed to sustain and protect our evolving world

  • • Foundation for Growth initiative driving margin expansion

  • • Empowered global culture through Vision, Values and Behaviors Framework

Innovative Market Leader

ONE LINDSAY

Innovative Market Leader- Sustainable Solutions- Sustainable Solutions

Financial Highlights

($ in millions, except per share amounts)

FY17

FY18

$ in millions, except per share amounts)

Revenue1

$518.0

$547.7

FY19

$444.1

Operating Margin2

7.8%

8.9%

5.4%

Diluted EPS2

$2.17

$2.94

$1.45

2019 was a year of transition and transformation

  • • Unresolved trade issues and lower commodity prices negatively impacted the U.S. agricultural market and irrigation segment results

  • • Implementation of new commercial strategy for Road Zipper System®

  • • Transition of road safety product portfolio to meet new MASH standards

  • • Implementation of transformational Foundation for Growth initiative

  • 1. Approximately $78 million of the decrease in revenues in FY19 was attributable to business divestitures that were part of the Company's Foundation for Growth initiative.

  • 2. Please see Reg G reconciliation of GAAP operating income, net earnings and earnings per share to adjusted figures at end of presentation.

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Lindsay Corporation published this content on 09 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 July 2020 14:30:01 UTC