Investor Presentaiton
Capital Allocation
We have continued to follow a disciplined approach to allocate capital across organic investments,
acquisitions, and return to shareholders
Organic investments
$61M of Capital Expenditures YTD
and expect $80-$85M of CapEx in
2019
Full year expectations up slightly due
to new growth projects to expand
product lines and capacity in
Construction Products and utility
structures
~$60M Maintenance
-
~$20-$25M Growth Projects
Acquisitions
$31M of acquisitions YTD:
3 aggregates acquisitions to
expand geographic footprint in
TX and Louisiana
1 marine winch acquisition to
expand our product line in
marine winches
Active pipeline across aggregates,
specialty materials, and utility
structures
ā
Return of capital
to shareholders
As of 3Q19, repurchased ~$14
million of shares at an average
price of $28.77 per share under
Company's $50 million
authorization since its approval
in December 2018
Paid $7.4M of dividends YTD
All CapEx projects expected to meet
high return threshold and compete for
available capital
18
/ Moving Infrastructure Forward - Investor Presentation, November 2019
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