Investor Presentaiton
GUIDANCE SUMMARY FOR 2023
REVENUE
ADJUSTED
EBITDA
COMMENTARY
$2.25B to $2.30B range for full year 2023
• 2022 full year revenue was $2.05B, excluding $189M from the storage tanks business
• $355M to $370M range for full year 2023
Includes estimated AMP tax credits for wind towers of $17M to $22M, subject to further guidance from the IRS
2022 full year Adjusted EBITDA was $278M, excluding $47M from the storage tanks business
TAX RATE
• We expect a full year 2023 effective tax rate of ~17-19%, including the impact of AMP tax credits
CAPITAL
• $200M-210M in full year 2023, including $90-95M for growth projects
EXPENDITURES
•
Includes investment in brownfield New Mexico wind tower facility announced on March 14, 2023
OTHER
• We expect Adjusted EBITDA for our wind towers business to be above break-even in 2023 before consideration of
the AMP tax credits
29 MOVING INFRASTRUCTURE FORWARD I 2023
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