Strategies for Sustainable Growth and Resilience
Designed for Resilience Across Cycles
Strategically diversified customer base and business mix to ensure resilience through down cycles
REVENUE GROWTH, PEAK TO TROUGH (2007-2012)1
EBITDA MARGIN, PEAK TO TROUGH (2007-2012)1
Knife River
Peer Group Median
Knife River
Peer Group Median
(18%)
(23%)
(38%)
(43%)
Peer
Range
(480)bps
(760)bps
(840)bps
Peer
Range
(1,460)bps
Source: Company filings.
Peers used for comparison: Granite Construction, Martin Marietta Materials, US Concrete, Vulcan Materials (Excludes peers that were not public over this time period)
Note: EBITDA, Adj. EBITDA and Cash Flow are non-GAAP measures, see Appendix for reconciliation. If available used EBITDA or Adjusted EBITDA as reported by peers; and calculated for Knife River
(Operating Income + DD&A), Granite Construction (Operating Income + DD&A + Restructuring charge), Vulcan Materials' 2007 revenue and Adjusted EBITDA are pro forma adjusted for acquisition of
Florida Rock per company filings.
1 Figures represent the difference between peak and trough values for companies during the years 2007-2012.
KNIFE RIVER
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