Acuity Brands (AYI) 8-K Regulation FD Disclosure

EXHIBIT 99.2

Robert W. Baird Industrial Conference

November 7, 2007

Vernon J. Nagel

Chairman, President, & CEO

Forward Looking Statement

This presentation contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Statements made herein that may be considered forward-looking include statements incorporating terms such as “expects,” “believes,” “intends,” “anticipates” and similar terms that relate to future events, performance, or results of the Company, including, without limitation, statements made regarding the forecast for the non-residential construction market and expected future results.

Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the historical experience of Acuity Brands and management’s present expectations or projections. These risks and uncertainties include, but are not limited to, customer and supplier relationships and prices; competition; ability to realize anticipated benefits from initiatives taken and timing of benefits; market demand; litigation and other contingent liabilities; and economic, political, governmental, and technological factors affecting the Company’s operations, tax rate, markets, products, services, and prices, among others. Please see the other risk factors more fully described in the Company’s SEC filings including the Annual Report on Form 10-K filed with the Securities and Exchange Commission on October 30, 2007.

2

Topics

•  2007 Achievements

•  Company Overview

•  Market Overview

•  Profitable Growth Strategy

3

2007

Key Achievements

•  Strategic clarity

•  Operational improvements

•  Record financial results

4

5

Strategic Clarity

Spin-off	Reason
•  October 31, 2007 •  Tax-free •  Zep Inc. •  NYSE: ZEP •  $62.5M cash dividend	•  Different industry dynamics •  Greater focus •  Strategic •  Tactical •  Pursue separate strategies •  Better alignment of associates and shareholders •  Transparency to investors

6

Operational Improvements

•  Products and services

•  Pricing

•  Productivity

•  Access to market

7

8

9

Proformas

	{	Cash	$	281M
August 31, 2007		Total Assets	$	1,437M
		Debt	$	364M
		Equity	$	595M
Diluted Shares O/S				42.5M	(a)
Corporate expense run rate			$	20-$22M	(b)
Gross Interest expense			$	34M
Fiscal 2008 Unusual Items
Spin-off costs			$	4-5M
Restructuring charge			$	8M+

(a) Assume Zep distribution dividend used to finance Q1 share repurchases.

(b) Corporate expense consists primarily of public company expense and LTIP. FY 2008 forecasted Corporate expense by quarter: Q1—$8M; Q2—$7M; Q3—$6M; Q4—$5M.

10

Company Overview

•  Acuity Brands—holding company

•  Operating subsidiary—ABL

•  NYSE: AYI

11

12

13

14

15

Market Overview

• Size

      • Trends

        • Outlook

16

17

Market Overview

	•  Positive AlA Billings Index
	•  Stable office vacancy rates
	•  Solid leasing/rental income fundamentals for commercial real estate
	•  Low unemployment
	•  Low interest rate environment

18

19

20

U.S. Outlook

	Product Market	Market Size		Application	’08-’11 Est. Annualized Growth Rate*
	C&I	$	4.5B	Office, Retail Education, Hospital	+1.8	%
	Outdoor	$	2.2B	Streets, Highways, Parking Lots	+1.4	%
	Industrial	$	1.1B	Manufacturing, Warehouse	+3.2	%

ABL holds the #1 position in each of the

product markets in the U.S.

* Source: NEMA and Global Insight

21

Profitable Growth Strategy

22

Profitable Growth Strategy

Vision

Market leader of lighting and lighting

related products and services delivering

consistent upper-quartile performance

23

24

Profitable Growth Strategy

Focus	Tactical Implementation
Operational excellence	•     Lean tools
	•     3 C’s
	•  Customersatisfaction
	•  Globally competitiveCoststructure
	•  Cultureof continuous improvement
Organic growth	•     Product innovation
	•     Superior customer service
	•     Expand market presence
	•  NYC office
	•  Sales force/marketing expansion
Strategic opportunities	•     Acquisitions/alliances
	•     Retrofit
	•     Complimentary products
	•     Adjacent markets

25

Profitable Growth Strategy

Financial Goals

•   Margins	>10%
•   EPS Growth	15%+
•   ROE	20%+
•   Cash Flow	Exceed net income

“Consistent Upper-Quartile Performance”

26

Conclusion

Investment Considerations

•     Market leader	}	Compelling long-term investment
•     Superior customer value proposition
•     Strong operational focus
•     Growth-oriented organization

27

28