Investor Presentaiton
KEY STRATEGIES FOR SUSTAINABLE SUCCESS
Grow Base
Business
Improve
Margins
Expand Service
Offerings
Develop Craft
Skilled Labor
Disciplined & Value
Creating Capital
Deployment
+$11B
Estimated increase in base
business revenues (1) from
2016-2023E (based on
midpoint of 2023E
revenues)
Represents +16% CAGR
Est. to account for +85%
of 2023E revenues
Base business growth has
increased earnings stability
Consolidated
Adjusted
EBITDA
Margin (2)
9.5%
7.6%
2016
2023E
Exited LATAM and other
international operations to
focus on North America
and Australia
Opportunity for continued
improvement of
Underground Utility &
Infrastructure Solutions
segment margins going
forward
Strategic initiatives designed
to improve margins and
returns across the portfolio
Acquired leadership position
in renewable generation
infrastructure solutions
BLATTNER
Oct. 2021
COMPANY Acquisition
Acquired a leading gas LDC
services presence in the New
York metro market with
the acquisition of
2019
Acquisition
Largely organic expansion of
U.S. communications services
market, supplemented with
select acquisitions
Acquired a leading position in
downstream industrial services
STRONGHOLD 2017
-Companies-
Acquisition
+$150M incremental
investment in training and
safety
Including the strategic
acquisition of Northwest
Lineman College (NLC)
NLC
2018
Acquisition
Incremental job training for
+26,000 people at Quanta
facilities in 2022, including
employees and industry
personnel
+67%
from
2016
47,300
YE employee
count (2022)
Strategic initiatives with trade
associations, unions, universities
and military programs, driving
labor pool diversity
Working capital to support
differentiated self-perform
model and growth
~$3.6B
Cash for acquisitions and
strategic investments that
further our strategic goals
from 2018-2022
~$955 mm
Repurchases of PWR stock
since 2017 ($500 million
available under stock
repurchase authorization as of
the end of 3Q23)
Initiated quarterly cash
dividend in 1Q19.
Have since
increased by 100%
(1) Base business is driven by multi-year trends and multi-year spending programs, which generally have minor year-to-year fluctuations outside of larger macroeconomic impacts. Base business includes services
performed under contracts with values less than $100 million for Electric Power Solutions and less than $75 million for Underground Utility and Infrastructure Solutions. Base business for the Renewable Energy
Infrastructure Solutions segment includes renewable generation contracts for Blattner and other renewable related projects less than $100 million in contract value.
QUANTA (2) Refer to appendix for a reconciliation of this non-GAAP financial measure to its most directly comparable GAAP financial measure. Based on the midpoint of 2023E adjusted EBITDA as of November 2, 2023.
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