Investor Presentaiton

Cash Flow and Liquidity Highlights We have the liquidity to fund our disciplined growth plans Cash Flow and Balance Sheet Highlights Available Liquidity at end of Q3 ($M's) ☐ ▪ $219M of YTD September 2019 Operating Cash Flow ▪ $108M of debt at end of Q3, substantially all at a fixed rate of ~4% through 2023 ■ Positive net cash position, after subtracting debt ■Long-term net debt to EBITDA target of 2 to 2.5x provides significant capacity for growth 17 / Moving Infrastructure Forward - Investor Presentation, November 2019 389 Cash 128 Revolver Capacity 261 Q3-19 ARCOSA

View entire presentation