Moving Infrastructure Forward - Investor Presentation
Capital Allocation Priorities
Balanced capital allocation strategy across organic investments and
acquisitions
Organic investments
Balance between growth and
maintenance investments
Capital expenditures averaged
~$84M annually in 2016 and 2017
-
Construction Products: $47M
(includes reserve investments)
Energy: $26M
Transportation: $11M
Target short cash payback periods
for internal investments
ā
ā
Acquisitions
Invest in acquisitions that will:
-
-
Enhance our strategic position
Reduce the cyclicality of the total
portfolio
Current pipeline of potential
acquisitions in construction, energy,
and transportation markets
Acquisitions likely to be a
combination of bolt-ons and
strategic acquisitions
Return of capital
to shareholders
Anticipate paying quarterly
dividends following the
distribution
Expect share repurchase
authorization
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/ Moving Infrastructure Forward - Investor Presentation, October 2018
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