2022
ANNUAL REPORT
CEO MESSAGE
Acuity Brands Fiscal Year 2022 Overview
We have successfully positioned the Company at the intersection of sustainability and
technology. Our businesses develop the technology that saves our customers energy and
reduces their carbon emissions. We are positioned for long-term growth by taking advantage
of two of the most important mega-trends: minimizing the impacts of climate change and
maximizing the impacts of technology.
Our organization is clear on how we create value. We create value by growing net sales,
turning profits into cash, and not growing the balance sheet as fast. We have overhauled
our total rewards framework so that everyone in the organization is aligned with this.
We have made investments in our current business, have successfully made and integrated
acquisitions, and have repurchased approximately 20% of our Company, creating permanent
shareholder value.
Neil Ashe
Chairman, President, CEO
AYI Fiscal 2022 Performance
$11.08
$4.0B
$512M
16%
Diluted EPS
Net Sales
Net Sales Growth1
Share Repurchases
Operating Profit
$510M
$260M
Free Cash Flow2
1 Versus AYI Fiscal 2021 Performance
2 See Appendix A to the fiscal 2022 Proxy Statement for a reconciliation to the most directly comparable GAAP financial measure
AYI Key Fiscal 2022 Achievements
•
Successfully positioned the Company at the
intersection of sustainability and technology
• Created permanent value through the
repurchase of approximately 20% of our
•
Delivered strong fiscal 2022 performance –
full-year net sales over $4 billion for first time,
improved operating profit, and increased
diluted EPS
• Prioritized product vitality and service and
received several industry awards at ABL
•
Rolled out new and upgraded Distech™ and
Atrius™ products at ISG
outstanding shares since May 2020
• Integrated North American OSRAM
DS acquisition and rebranded the
OPTOTRONICS™ products under
our eldoLED™ family
• Operated the Company as a
values-driven organization
• Continued building a strategic
leadership team
Our Shared Values
INTEGRITY
TIME
CURIOSITY
CUSTOMER
OBSESSED
PEOPLE
COMMUNITY
OWNER’S
MINDSET
About Acuity
Acuity Brands, Inc. (NYSE: AYI) is a
market-leading industrial technology
company. We use technology to
solve problems in spaces and light.
Through our two business segments,
Acuity Brands Lighting and Lighting
Controls (ABL) and the Intelligent
Spaces Group (ISG), we design,
manufacture, and bring to market
products and services that make
a valuable difference in people’s
lives. We achieve growth through
the development of innovative new
products and services, including
lighting, lighting controls, building
management systems, and location-
aware applications.
Acuity Brands, Inc. achieves
customer-focused efficiencies that
allow the Company to increase
market share and deliver superior
returns. The Company looks to
aggressively deploy capital to grow
the business and to enter attractive
new verticals.
Acuity Brands, Inc. is based in
Atlanta, Georgia, with operations
across North America, Europe, and Asia.
Over
13,000
associates
worldwide
7
countries
18
manufacturing
facilities
8
distribution
centers
Segment Performance
Acuity Brands Lighting and Lighting Controls (ABL)
Provides sustainable, inspiring, and intelligent lighting solutions
that enrich the communities where people live, learn, work, and play.
Our strategy of increasing product vitality, elevating service levels,
and using technology to differentiate our solutions is working by
creating more sustainable options for our customers. Our broad
portfolio in both lighting and lighting controls technology provides
customers with a broad choice of industry-leading options.
Intelligent Spaces Group (ISG)
Delivers intelligent solutions that are smarter, safer, greener.
Our Intelligent Spaces Group has differentiated
technology in building controls and management
systems with Distech, and, with Atrius, we are beginning
to effectively demonstrate the benefits of connecting
the edge to the cloud.
ABL
$3.8B
Net sales
16%
Net sales growth3
$216M
Net sales
14%
Net sales growth4
ISG
3 Versus ABL Fiscal 2021 Performance
4 Versus ISG Fiscal 2021 Performance
ESFX LED Floodlight
Our recently released
Lithonia Lighting® ESFX
LED Floodlight offers a
wide array of options,
including lumen and color.
Atrius® Building Insights
Atrius® Building Insights, a cloud-
based energy management
information system, unveiled new
features to simplify Scope 1, 2, 3,
and total portfolio emissions.
Service & Product Vitality Awards
EarthLIGHT Highlights
Sustainability
NET
ZERO
Net Zero
Establishing our ambition
to achieve Net Zero
emissions by 2040.
Carbon Reduction
Reducing carbon emissions
and waste at our production
and distribution facilities.
Technology
Introducing technology solutions
such as the new sustainability and
ESG reporting features of Atrius®
Building Insights.
Safety
Enhancing our Environmental
Health and Safety (EHS) program.
Culture
DEI
Advancing our DEI Strategy
and further evolving our
values-driven culture.
Governance
Oversight
Continued refreshment
of our Board membership.
Forward Looking Statements: Any statements related to future plans, execution, expectations, targets, permanent value, and opportunities are “forward-looking statements” within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. They are based on management’s beliefs and assumptions and information currently available to
management. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information is not a
guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information. A number of important factors could cause actual events to differ
materially from those contained in or implied by the forward-looking statements, including those factors discussed in our annual report on Form 10-K for the fiscal year ended August 31, 2022, filed on October
26, 2022, and those described from time to time in our other filings with the U.S. Securities and Exchange Commission (the “SEC”), which can be found at the SEC’s website www.sec.gov. We do not undertake any
obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of events, or otherwise.
1170 Peachtree Street, NE
Suite 2300
Atlanta, Georgia 30309