Moving Infrastructure Forward - Investor Presentation
Long Term Capital Structure
Over the long term, Arcosa expects to operate with net leverage in the 2.0x - 2.5x
range, consistent with our industrial peers
Industrial peers net leverage
Net debt / LTM EBITDA
4.2x
3.8x
3.3x
3.0x
3.0x
2.8x
Median: 2.3x
2.7x
2.5x
2.4x
2.1x
1.7x
1.5x
1.5x
1.2x
0.8x
0.1x
Peer A
B C D E F
F G H I J K L M N O
(0.0x)
P
ā
No leverage at spin date
Anticipate target long term leverage of 2.0 - 2.5x Net Debt to EBITDA
Potential for temporary spikes to pursue strategic platform acquisitions
Source: Company filings and FactSet as of 09/10/2018
Notes: Net leverage defined as Net debt / LTM EBITDA as of 6/30/2018; Comparable companies include 18 publicly-traded companies in the construction, energy, and transportation markets
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/ Moving Infrastructure Forward - Investor Presentation, October 2018
(1.0x)
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