Moving Infrastructure Forward - Investor Presentation

Liquidity and balance sheet capacity to pursue growth Strong Available Liquidity Position ~$200M of cash expected at separation ■ No material outstanding debt anticipated at time of separation ■ Unencumbered balance sheet 5-Year Credit Facility $400M five-year credit facility expected ■ Lender group to be comprised of leading relationship banks Appropriate Use of Leverage Long term target leverage of 2.0 - 2.5x Net Debt to EBITDA, implying $400-500M of capacity Note: Net debt defined as Total Debt minus Cash 63 / Moving Infrastructure Forward - Investor Presentation, October 2018 ARCOSA

View entire presentation