Acuity Brands

2016 Annual Report

Financial Highlights

We delivered another record financial performance.

2016

The Numbers

(in millions of dollars, except earnings per share)
for the year ended August 31

Operations 
2016(1)
2015(2)
% Change 
Net sales $3,291.3 $2,706.7 22%
Gross profit % 43.6% 42.3%  
Operating profit $475.2 $376.3 26%
Operating profit % 14.4% 13.9%  
Net Income $290.8 $222.1 31%
Diluted earnings per share $6.63 $5.09 30%
Diluted weighted average number of shares outstanding
(in millions)		 43.8 43.4  
Return on average shareholders’ equity 19.3% 17.7% 9%
Cash provided by operating activities $345.7 $288.9 20%
Depreciation and amortization $62.6 $45.8 37%
Capital expenditures $83.7 $56.5 48%
Financial Position 
2016(1)
2015(2)
% Change
Total assets $2,948 $2,407 22%
Total cash $413 $757 (45%)
Total debt $355 $352 1%
Total stockholders’ equity $1,660 $1,360 22%
Ratio of total debt to capital 17.6% 20.6%  
Operating working capital as a percentage of net sales(3) 14.2% 12.0%  

(1) 2016 results include pre-tax special charges associated with streamlining initiatives of $15.0 million, pre-tax amortization of acquired intangible assets of $21.4 million, pre-tax share-based compensation expense of $27.7 million, pre-tax acquisition-related items of $10.8 million, and pre-tax impairment of intangible asset of $5.1 million, totaling $1.21 per share.

(2) 2015 results include pre-tax special charges associated with streamlining initiatives of $12.4 million, pre-tax amortization of acquired intangible assets of $11.0 million, pre-tax share-based compensation expense of $18.2 million, non-tax deductible acquisition-related professional fees of $3.2 million, and a pre-tax net loss of $2.6 million associated with financial instruments to hedge the foreign currency exposure related to the acquisition of Canadian-based Distech Controls, Inc., totaling $0.74 per share.

(3) Operating working capital is defined as net receivables plus inventories minus accounts payable.

2016

At A Glance

Revenues ($ in millions)

$1,934

$2,089

$2,394

$2,707

$3,291

’12
’13
’14
’15
’16

Diluted EPS  

$2.72

$2.95

$4.05

$5.09

$6.63

’12
’13
’14
’15
’16

Operating Profit ($ in millions)

$208.0

10.8%

$221.5

10.6%

$299.1

12.5%

$376.3

13.9%

$475.2

14.4%

’12
’13
’14
’15
’16

Free Cash Flow ($ in millions)

$140.8

$91.7

$197.8

$232.4

$262.0

’12
’13
’14
’15
’16

Margins

Free Cash Flow is defined as cash provided by operating
activities minus purchases of property, plant, and equipment.

5-Year

Cumulative Total Return*

Among Acuity Brands, Inc., the S&P 500 Index, the Dow Jones US Electrical Components & Equipment Index,
and the Dow Jones US Building Materials & Fixtures Index

Acuity Brands, Inc.

Dow Jones US Electrical Components & Equipment Index

S&P 500 Index

Dow Jones US Building Materials & Fixtures Index

  8/11 8/12 8/13 8/14 8/15 8/16
Acuity Brands, Inc. $100 $141 $189 $275 $434 $614
S&P 500 Index $100 $118 $140 $175 $176 $198
Dow Jones US Electrical Components & Equipment Index $100 $124 $155 $194 $175 $200
Dow Jones US Building Materials & Fixtures Index $100 $150 $190 $238 $275 $341

*Assumes $100 invested on August 31, 2011 in stock or index, including reinvestment of dividends.