Supplemental Guarantor Condensed Consolidating Financial Statements

In December 2009, ABL, the wholly-owned and principal operating subsidiary of the Company, engaged in the refinancing of the current debt outstanding through a private placement bond offering of $350.0 aggregate principal amount of senior unsecured notes due in fiscal 2020. See the Debt and Lines of Credit footnote for further information on the refinancing activities.

In accordance with the registration rights agreement by and between ABL and the Guarantors and the initial purchases of the Notes, ABL and the Guarantors to the Notes filed a registration statement with the SEC for an offer to exchange the Notes for an issue of SEC-registered notes with identical terms. Due to the filing of the registration statement and offer to exchange, the Company determined the need for compliance with Rule 3-10 of SEC Regulation S-X (“Rule 3-10”). In lieu of providing separate audited financial statements for ABL and ABL IP Holding, the Company has included the accompanying Condensed Consolidating Financial Statements in accordance with Rule 3-10(d) of SEC Regulation S-X. The column marked “Parent” represents the financial condition, results of operations, and cash flows of Acuity Brands. The column marked “Subsidiary Issuer” represents the financial condition, results of operations, and cash flows of ABL. The column entitled “Subsidiary Guarantor” represents the financial condition, results of operations, and cash flows of ABL IP Holding. Lastly, the column listed as “Non-Guarantors” includes the financial condition, results of operations, and cash flows of the non-guarantor direct and indirect subsidiaries of Acuity Brands, which consist primarily of foreign subsidiaries. Eliminations were necessary in order to arrive at consolidated amounts. In addition, the equity method of accounting was used to calculate investments in subsidiaries. Accordingly, this basis of presentation is not intended to present the Company's financial condition, results of operations, or cash flows for any purpose other than to comply with the specific requirements for parent-subsidiary guarantor reporting.

CONDENSED CONSOLIDATING BALANCE SHEETS



	At August 31, 2013
	Parent			Subsidiary Issuer		Subsidiary Guarantor		Non- Guarantors			Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	331.0		$	0.8	$	—	$	27.3		$	—		$	359.1
Accounts receivable, net	—			270.8		—		47.5			—			318.3
Inventories	—			191.2		—		11.8			—			203.0
Other current assets	4.4			23.0		—		5.7			—			33.1
Total Current Assets	335.4			485.8		—		92.3			—			913.5
Property, Plant, and Equipment, net	0.4			118.1		—		29.4			—			147.9
Goodwill	—			517.0		2.7		48.5			—			568.2
Intangible assets	—			99.9		119.2		26.0			—			245.1
Other long-term assets	3.8			19.4		—		5.9			—			29.1
Investments in and amounts due from subsidiaries	701.5			170.7		118.2		(61.5		)	(928.9		)	—
Total Assets	$	1,041.1		$	1,410.9	$	240.1	$	140.6		$	(928.9	)	$	1,903.8

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	1.6		$	233.2	$	—	$	14.7		$	—		$	249.5
Other accrued liabilities	17.0			95.0		—		24.7			—			136.7
Total Current Liabilities	18.6			328.2		—		39.4			—			386.2
Long-Term Debt	—			353.6		—		—			—			353.6
Deferred Income Taxes	(32.5		)	85.8		—		0.6			—			53.9
Other Long-Term Liabilities	61.5			33.6		—		21.5			—			116.6
Total Stockholders’ Equity	993.5			609.7		240.1		79.1			(928.9		)	993.5
Total Liabilities and Stockholders’ Equity	$	1,041.1		$	1,410.9	$	240.1	$	140.6		$	(928.9	)	$	1,903.8

CONDENSED CONSOLIDATING BALANCE SHEETS



	At August 31, 2012
	Parent			Subsidiary Issuer		Subsidiary Guarantor		Non- Guarantors			Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	246.6		$	—	$	—	$	37.9		$	—		$	284.5
Accounts receivable, net	—			228.2		—		35.6			—			263.8
Inventories	—			183.8		—		10.3			—			194.1
Other current assets	4.5			26.2		—		5.9			—			36.6
Total Current Assets	251.1			438.2		—		89.7			—			779.0
Property, Plant, and Equipment, net	—			109.6		—		29.6			—			139.2
Goodwill	—			516.1		2.7		36.1			—			554.9
Intangible assets	—			104.5		122.0		4.3			—			230.8
Other long-term assets	3.6			20.8		—		8.6			—			33.0
Investments in and amounts due from subsidiaries	621.7			115.6		98.1		(43.0		)	(792.4		)	—
Total Assets	$	876.4		$	1,304.8	$	222.8	$	125.3		$	(792.4	)	$	1,736.9

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	0.8		$	218.0	$	—	$	13.9		$	—		$	232.7
Other accrued liabilities	12.6			103.2		—		16.3			—			132.1
Total Current Liabilities	13.4			321.2		—		30.2			—			364.8
Long-Term Debt	—			353.5		—		—			—			353.5
Deferred Income Taxes	(32.0		)	68.2		—		(2.8		)	—			33.4
Other Long-Term Liabilities	61.0			64.7		—		25.5			—			151.2
Total Stockholders’ Equity	834.0			497.2		222.8		72.4			(792.4		)	834.0
Total Liabilities and Stockholders’ Equity	$	876.4		$	1,304.8	$	222.8	$	125.3		$	(792.4	)	$	1,736.9

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME



	Year Ended August 31, 2013
	Parent			Subsidiary Issuer			Subsidiary Guarantor		Non- Guarantors			Eliminations			Consolidated
Net Sales:
External sales	$	—		$	1,851.4		$	—	$	237.7		$	—		$	2,089.1
Intercompany sales	—			—			31.8		85.0			(116.8		)	—
Total Sales	—			1,851.4			31.8		322.7			(116.8		)	2,089.1
Cost of Products Sold	—			1,088.6			—		247.9			(85.0		)	1,251.5
Gross Profit	—			762.8			31.8		74.8			(31.8		)	837.6
Selling, Distribution, and Administrative Expenses	28.0			542.6			2.9		65.9			(31.8		)	607.6
Intercompany charges	(37.5		)	32.8			—		4.7			—			—
Special Charge	—			6.5			—		2.0			—			8.5
Operating Profit	9.5			180.9			28.9		2.2			—			221.5
Interest expense (income), net	9.4			22.1			—		(0.3		)	—			31.2
Equity earnings in subsidiaries	(127.4		)	(2.1		)	—		—			129.5			—
Miscellaneous (income) expense, net	—			(1.0		)	—		(1.8		)	—			(2.8		)
Income (Loss) before Provision for Income Taxes	127.5			161.9			28.9		4.3			(129.5		)	193.1
Provision for Income Taxes	0.1			51.5			11.6		2.5			—			65.7
Net Income	$	127.4		$	110.4		$	17.3	$	1.8		$	(129.5	)	$	127.4

Other Comprehensive Income/(Expense) Items:
Foreign Currency Translation Adjustments	$	(1.9	)	$	(1.9	)	$	—	$	—		$	1.9		$	(1.9	)
Defined Benefit Pension Plans, net	$	24.0		$	17.3		$	—	$	7.2		$	(24.5	)	$	24.0
Other Comprehensive Income/(Expense) Items after Provision for Income Taxes	$	22.1		$	15.4		$	—	$	7.2		$	(22.6	)	$	22.1
Other Comprehensive Income/(Expense)	$	149.5		$	125.8		$	17.3	$	9.0		$	(152.1	)	$	149.5

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME



	Year Ended August 31, 2012
	Parent			Subsidiary Issuer			Subsidiary Guarantor		Non- Guarantors			Eliminations			Consolidated
Net Sales:
External sales	$	—		$	1,726.4		$	—	$	207.3		$	—		$	1,933.7
Intercompany sales	—			—			30.2		67.5			(97.7		)	—
Total Sales	—			1,726.4			30.2		274.8			(97.7		)	1,933.7
Cost of Products Sold	—			1,002.9			—		210.3			(67.5		)	1,145.7
Gross Profit	—			723.5			30.2		64.5			(30.2		)	788.0
Selling, Distribution, and Administrative Expenses	25.4			508.4			3.5		59.6			(30.2		)	566.7
Intercompany charges	(35.4		)	30.7			—		4.7			—			—
Special Charges	—			12.4			—		0.9			—			13.3
Operating Profit (Loss)	10.0			172.0			26.7		(0.7		)	—			208.0
Interest expense (income), net	8.9			22.2			—		(0.4		)	—			30.7
Equity earnings in subsidiaries	(115.4		)	1.3			—		0.1			114.0			—
Miscellaneous (income) expense, net	(0.3		)	(2.1		)	—		0.7			—			(1.7		)
Income before Provision for Income Taxes	116.8			150.6			26.7		(1.1		)	(114.0		)	179.0
Provision for Income Taxes	0.5			49.2			10.8		2.2			—			62.7
Net Income	$	116.3		$	101.4		$	15.9	$	(3.3	)	$	(114.0	)	$	116.3

Other Comprehensive Income/(Expense) Items:
Foreign Currency Translation Adjustments	$	(8.2	)	$	(8.2	)	$	—	$	—		$	8.2		$	(8.2	)
Defined Benefit Pension Plans, net	$	(22.7	)	$	(13.9	)	$	—	$	(7.4	)	$	21.3		$	(22.7	)
Other Comprehensive Income/(Expense) Items after Provision for Income Taxes	$	(30.9	)	$	(22.1	)	$	—	$	(7.4	)	$	29.5		$	(30.9	)
Other Comprehensive Income/(Expense)	$	85.4		$	79.3		$	15.9	$	(10.7	)	$	(84.5	)	$	85.4

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME



	Year Ended August 31, 2011
	Parent			Subsidiary Issuer			Subsidiary Guarantor		Non- Guarantors			Eliminations			Consolidated
Net Sales:
External sales	$	—		$	1,603.4		$	—	$	192.3		$	—		$	1,795.7
Intercompany sales	—			—			27.7		71.8			(99.5		)	—
Total Sales	—			1,603.4			27.7		264.1			(99.5		)	1,795.7
Cost of Products Sold	—			934.1			—		203.4			(71.8		)	1,065.7
Gross Profit	—			669.3			27.7		60.7			(27.7		)	730.0
Selling, Distribution, and Administrative Expenses	25.3			483.8			4.6		55.3			(27.7		)	541.3
Intercompany charges	(35.8		)	30.9			—		4.9			—			—
Operating Profit	10.5			154.6			23.1		0.5			—			188.7
Interest expense (income), net	8.4			21.8			—		(0.3		)	—			29.9
Equity earnings in subsidiaries	(103.9		)	(3.1		)	—		0.1			106.9			—
Miscellaneous (income) expense, net	(0.3		)	1.6			—		(0.1		)	—			1.2
Income before Provision for Income Taxes	106.3			134.3			23.1		0.8			(106.9		)	157.6
Provision for Income Taxes	0.8			41.9			9.3		0.1			—			52.1
Net Income	105.5			92.4			13.8		0.7			(106.9		)	105.5

Other Comprehensive Income/(Expense) Items:
Foreign Currency Translation Adjustments	$	9.9		$	9.9		$	—	$	—		$	(9.9	)	$	9.9
Defined Benefit Pension Plans, net	$	7.6		$	5.0		$	—	$	2.2		$	(7.2	)	$	7.6
Other Comprehensive Income/(Expense) Items after Provision for Income Taxes	$	17.5		$	14.9		$	—	$	2.2		$	(17.1	)	$	17.5
Other Comprehensive Income/(Expense)	$	123.0		$	107.3		$	13.8	$	2.9		$	(124.0	)	$	123.0

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	Year Ended August 31, 2013
	Parent			Subsidiary Issuer			Subsidiary Guarantor		Non- Guarantors			Eliminations			Consolidated
Net Cash Provided by Operating Activities	$	83.7		$	46.4		$	—	$	14.3		$	(12.1	)	$	132.3
Cash Provided by (Used for) Investing Activities:
Purchases of property, plant, and equipment	(0.4		)	(36.9		)	—		(3.3		)	—			(40.6		)
Proceeds from sale of property, plant, and equipment	—			7.6			—		—			—			7.6
Investments in subsidiaries	—			(13.1		)	—		—			13.1			—
Acquisitions of business and intangible assets	—			(3.7		)	—		(21.8		)	—			(25.5		)
Net Cash Used for Investing Activities	(0.4		)	(46.1		)	—		(25.1		)	13.1			(58.5		)
Cash Provided by (Used for) Financing Activities:
Proceeds from stock option exercises and other	14.9			—			—		—			—			14.9
Repurchases of common stock	—			—			—		—			—			—
Excess tax benefits from share-based payments	8.6			—			—		—			—			8.6
Intercompany dividends	—			—			—		(12.1		)	12.1			—
Intercompany capital	—			—			—		13.1			(13.1		)	—
Dividends paid	(22.4		)	—			—		—			—			(22.4		)
Net Cash Provided by (Used for) Financing Activities	1.1			—			—		1.0			(1.0		)	1.1
Effect of Exchange Rate Changes on Cash	—			0.5			—		(0.8		)	—			(0.3		)
Net Change in Cash and Cash Equivalents	84.4			0.8			—		(10.6		)	—			74.6
Cash and Cash Equivalents at Beginning of Period	246.6			—			—		37.9			—			284.5
Cash and Cash Equivalents at End of Period	$	331.0		$	0.8		$	—	$	27.3		$	—		$	359.1

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	Year Ended August 31, 2012
	Parent			Subsidiary Issuer			Subsidiary Guarantor		Non- Guarantors			Eliminations			Consolidated
Net Cash Provided by Operating Activities	$	141.9		$	29.8		$	—	$	2.5		$	(2.0	)	$	172.2
Cash Provided by (Used for) Investing Activities:
Purchases of property, plant, and equipment	—			(27.7		)	—		(3.7		)	—			(31.4		)
Proceeds from sale of property, plant, and equipment	—			0.1			—		—			—			0.1
Investments in subsidiaries	(3.8		)	—			—		—			3.8			—
Acquisitions of business and intangible assets	—			(3.8		)	—		—			—			(3.8		)
Net Cash Used for Investing Activities	(3.8		)	(31.4		)	—		(3.7		)	3.8			(35.1		)
Cash Provided by (Used for) Financing Activities:
Proceeds from stock option exercises and other	7.6			—			—		—			—			7.6
Repurchases of common stock	(9.2		)	—			—		—			—			(9.2		)
Excess tax benefits from share-based payments	4.9			—			—		—			—			4.9
Intercompany dividends	—			—			—		(2.0		)	2.0			—
Intercompany capital	—			3.8			—		—			(3.8		)	—
Dividends paid	(22.0		)	—			—		—			—			(22.0		)
Net Cash (Used for) Provided by Financing Activities	(18.7		)	3.8			—		(2.0		)	(1.8		)	(18.7		)
Effect of Exchange Rate Changes on Cash	—			(2.3		)	—		(1.8		)	—			(4.1		)
Net Change in Cash and Cash Equivalents	119.4			(0.1		)	—		(5.0		)	—			114.3
Cash and Cash Equivalents at Beginning of Period	127.2			0.1			—		42.9			—			170.2
Cash and Cash Equivalents at End of Period	$	246.6		$	—		$	—	$	37.9		$	—		$	284.5

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	Year Ended August 31, 2011
	Parent			Subsidiary Issuer			Subsidiary Guarantor		Non- Guarantors			Eliminations			Consolidated
Net Cash Provided by Operating Activities	$	126.3		$	18.0		$	—	$	16.8		$	—		$	161.1
Cash Provided by (Used for) Investing Activities:
Purchases of property, plant, and equipment	—			(20.0		)	—		(3.3		)	—			(23.3		)
Proceeds from sale of property, plant, and equipment	—			1.2			—		—			—			1.2
Investments in subsidiaries	(90.4		)	—			—		—			90.4			—
Acquisitions of businesses	—			(90.4		)	—		—			—			(90.4		)
Net Cash Used for Investing Activities	(90.4		)	(109.2		)	—		(3.3		)	90.4			(112.5		)
Cash Provided by (Used for) Financing Activities:
Proceeds from stock option exercises and other	6.5			—			—		—			—			6.5
Repurchases of common stock	(61.0		)	—			—		—			—			(61.0		)
Excess tax benefits from share-based payments	5.3			—			—		—			—			5.3
Intercompany capital	—			90.4			—		—			(90.4		)	—
Dividends paid	(22.6		)	—			—		—			—			(22.6		)
Net Cash (Used for) Provided by Financing Activities	(71.8		)	90.4			—		—			(90.4		)	(71.8		)
Effect of Exchange Rate Changes on Cash	—			0.5			—		1.9			—			2.4
Net Change in Cash and Cash Equivalents	(35.9		)	(0.3		)	—		15.4			—			(20.8		)
Cash and Cash Equivalents at Beginning of Period	163.1			0.4			—		27.5			—			191.0
Cash and Cash Equivalents at End of Period	$	127.2		$	0.1		$	—	$	42.9		$	—		$	170.2