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Black Box Corporation Bank of America Merrill Lynch 2012 Smid Cap Conference June 6, 2012

Black Box Corporation Bank of America Merrill Lynch 2012 Smid Cap Conference June 6, 2012. Black Box Corporation (BBOX).

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Black Box Corporation Bank of America Merrill Lynch 2012 Smid Cap Conference June 6, 2012

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  1. Black Box CorporationBank of America Merrill Lynch 2012 Smid Cap Conference June 6, 2012

  2. Black Box Corporation (BBOX) Forward-Looking Statements - Any forward-looking statements contained in this presentation are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and speak only as of the date of this presentation. You can identify these forward-looking statements by the fact that they use words such as "should," "anticipate," "estimate," "approximate," "expect," "target," "may," "will," "project," "intend," "plan," "believe" and other words of similar meaning and expression in connection with any discussion of future operating or financial performance. Forward-looking statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. Risk factors are included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2012 and our other filings with the Securities and Exchange Commission (the “SEC”). We can give no assurance that any goal, plan or target set forth in forward-looking statements can be achieved and readers are cautioned not to place undue reliance on such statements, which speak only as of the date made. We undertake no obligation to release publicly any revisions to forward-looking statements as a result of future events or developments. GAAP Reconciliation -This presentation also includes, as a supplement to United States Generally Accepted Accounting Principles (“GAAP”), certain non-GAAP financial measures. These non-GAAP financial measures exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. Pursuant to the requirements of the SEC’s Regulation G, we provide in our SEC filings additional information regarding these non-GAAP financial measures, including a reconciliation of them to their most comparable GAAP financial measures, management’s explanations regarding the use and usefulness of non-GAAP financial measures and the limitations associated with the use of non-GAAP financial measures. The Company's non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measurements, and should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP. 2 Company Confidential

  3. Communications System Integrator • Design • Source • Implement • Maintain • Complex • Communications Solutions • Financially Strong and Stable • Public company (NASDAQ: BBOX) since 1994 • $1+ billion in annual revenue • Strong operating profits • Positive cash flow for 36 consecutive years Company Confidential

  4. Black Box Network Services (BBOX) • Deep Organic Resources • 4,300 team member • 3,000 engineers and technicians Key Differentiators • Technology Independent and many more… • Broad Geographic Footprint • 200 offices worldwide • 150 countries Company Confidential

  5. Company Confidential Black Box Platforms Technology Products Communication Services • Power of the platforms – high barriers to entry • Scale – multi-office, multi-product and diverse skills • Flexibility – capture innovation without increasing risk • Leverage – shared service infrastructure • Black Box is comprised of 2 platforms for building growth. Each platform allows us to leverage and evolve current capabilities to capture market share in the most promising market segments.

  6. Company Confidential Technology Products Platform P R O D U C T S Products added to platform as market is proven Wireless Networking Switches & Routers Cabling Infrastructure Cabinets & Racks Future Products Digital Signage Virtualization P L A T F O R M Global sales and distributionFree 24/7/365 tech support Custom solutions Same day delivery Lifetime warranties Quality control Global product management & sourcing

  7. Company Confidential Communications Services Platform S E R V I C E S Services added to platform as market is proven Unified Communications Communications Lifecycle Services Data Center Services In-building Wireless Video \ AV Services Structured Cabling Future Services P L A T F O R M Engineering and design Network Operations Centers Technical certifications Local & national sales teams Remote monitoring On-site serviceteams Technology Partner Centers of Excellence

  8. Company Confidential Product / Service Lifecycle Introduction Growth Maturity End of Life Structured Cabling Video Services Cabling Switches & Routers TDM Data Center Services Digital Signage Unified Communications Virtualization Services In-Building Wireless Mobility Services • Black Box’s robust platforms allow for a distribution of offerings across all stages of the product/service life cycle.

  9. Strategic Pillars • Strengthen the platforms through internal investment and partner relationships • Add high growth products and services by developing and acquiring new capabilities • Generate additional leverage in our shared service infrastructure Company Confidential

  10. Financial Overview Company Confidential

  11. Well-Diversified Revenues Revenue by Industry 11 Source: Derived from the Company’s 2011 Annual Report. Company Confidential

  12. Well-Diversified Revenues Revenue by Client Type Revenue by Geography Revenue by Client Size (1) (1) Large Companies include those with revenues greater than $1 billion, including federal governments Medium companies include those with revenues between $100 million and $1 billion, including state governments Small companies include those with revenues less than $100 million, including local governments Source: Derived from Company’s 20111Annual Report. Company Confidential

  13. Backlog & Maintenance Revenue Backlog represents expected revenue related to executed client purchase orders or contracts that are estimated to be complete within 180 days of quarter end. Source: Derived from Company data. Company Confidential

  14. Revenue & Adjusted Operating Income Margins Organic Growth 3% (10%) (13%) 9% (5%) * See attached reconciliation Source: Derived from Company data and Company’s 2012 Form 10-K. Company Confidential

  15. GAAP/Non-GAAP Reconciliation Source: Derived from Company data and Company’s 2012 Form 10-K. Company Confidential

  16. Balance Sheet Metrics Source: Derived from Company data and Company’s 2012 Form 10-K . Company Confidential

  17. Consistent Positive Cash Flow 17 Source: Derived from Company data and Company’s 2012 Form 10-K. Company Confidential

  18. Deployment of Capital 2010 – 2012 Deployment as a % of Free Cash Flow 2012 Cash Flow Highlights • 28¢ per share annual dividend - 1.3% yield • 17% increase over F2011 • Quarterly dividend increased 14% to 8¢ per share in 1Q13. • $15M for stock repurchases • Additional 1M share approval in F13 • Invested $41M in strategic acquisitions of quality companies in high growth markets Source: Derived from Company data and Company’s 2012 Form 10-K. Company Confidential

  19. Liquidity At March 31, 2012 • $22 million in cash • $400 million syndicated line of credit • $180M drawn down • Leverage ratio - 1.7, Covenant < 3.5 • Interest Coverage Ratio – 18.8, Covenant > 3.5 • Borrowing rate – LIBOR + 1.125% = 1.6% • Expires March 2017 Company Confidential

  20. Proposition to shareholders • Competitive advantage in key differentiators • Technology independent • Broad geographic footprint • Deep organic resources • Robust service and product delivery platforms • Scale • Flexibility • Leverage • Balanced deployment of capital • Investment in business • Return for shareholders

  21. NASDAQ: BBOX

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