Myr Group, Inc. · NASDAQ:MYRG
Myr — Q1 2025 Earnings Presentation
23 slides from Myr's earnings presentation, May 1, 2025
Slide 1: Q1 2025 Investor Presentation
Q1 2025 INVESTOR PRESENTATION Q1 | May 2025 | NASDAQ: MYRG 1
Slide 2: Safe Harbor Notice
SAFE HARBOR NOTICE FORWARD-LOOKING STATEMENTS. Various statements in this announcement, including those that express a belief, expectation, or intention, as well as those that are not statements of historical fact, are forward-looking statements. The forward-looking statements may include projection
Slide 3: MYR Group Inc. - A Market Leader in Electrical Construction
MYR GROUP INC. - A MARKET LEADER IN INVESTMENT HIGHLIGHTS ELECTRICAL CONSTRUCTION. CONTINUED GROWTH Strong presence in key markets with healthy organic and acquisitive growth MYR Group Inc. is a holding company of subsidiaries that has delivered some of the SUPERIOR SAFETY CULTURE largest and most n
Slide 4: Ranked Among Top U.S. Specialty Electrical Contractors
RANKED AMONG TOP 5 U.S. SPECIALTY ELECTRICAL CONTRACTORS $3.38B 03/31/2025 LTM 29 YEARS IN A ROW $3.36B 2024 $3.64B 2023 $3.01B 2022 $2.50B 2021 $2.25B 2020 CAGR 10.1% 4
Slide 5: What We See: Outlook
WHAT WE SEE OUTLOOK. • T&D primarily consists of small to medium-sized projects, with some larger High Voltage Direct Current (HVDC) transmission projects. We execute routine maintenance work under long-term Master Services Agreement (MSAs). Strong, long-term drivers will continue to increase T&D sp
Slide 6: Depth & Breadth of Expertise
ELECTRICAL CONSTRUCTION PROJECT DELIVERY DEPTH & BREADTH OF EXPERTISE. Industry leader and trusted partner Strong, long-standing customer alliances Experience with small to large, fast-track projects RECENT PROJECT AWARD HIGHLIGHTS Deliver highest quality services with skilled experts • CSI Electric
Slide 7: Business Segment Update: Transmission & Distribution
BUSINESS SEGMENT UPDATE TRANSMISSION & DISTRIBUTION (T&D). • T&D March 31, 2025 LTM revenue of $1.85B • $873M T&D segment backlog as of March 31, 2025* • Strong, long-standing relationships with a diverse customer base where approximately 60% of business is performed under Master Service Agreements
Slide 8: T&D Market Outlook
STRONG LONG-TERM DRIVERS T&D MARKET OUTLOOK. Actual and Projected Transmission Investment of Investor-Owned Electric Companies • U.S. electricity demand is anticipated to rise after two decades of relative stability. A Grid Strategies report noted that the five-year load growth forecast has increase
Slide 9: Business Segment Update: Commercial & Industrial
BUSINESS SEGMENT UPDATE COMMERCIAL & INDUSTRIAL (C&I). • C&I March 31, 2025 LTM revenue of $1.53 billion • $1.77B C&I segment backlog as of March 31, 2025 • Growth in our core markets is driven by increasing investments in data centers, transportation, clean energy, and healthcare, as well as reshor
Slide 10: C&I Market Outlook
ACTIVE MARKET DRIVERS C&I MARKET OUTLOOK. MYR Group’s C&I segment sees steady bidding opportunities in our core markets and we continue to be well diversified. • FMI anticipates continued, but slower, growth in the construction and engineering industry with 2 percent growth in overall construction s
Slide 11: Data Center Market Expansion
MARKET OPPORTUNITIES FOR BOTH T&D AND C&I DATA CENTER MARKET EXPANSION. DATA CENTERS DRIVING INCREMENTAL INFRASTRUCTURE INVESTMENT • A new report on U.S. data center energy usage found that data center electricity usage climbed from 58 C Three’s 2024 North American Electric Transmission Market Forec
Slide 12: Clean Energy Generation Mix
MARKET OPPORTUNITIES FOR BOTH T&D AND C&I CLEAN ENERGY GENERATION MIX. The generation mix across the U.S. and Canada is changing as traditional baseload generation resources retire and clean energy provides an • Energy storage capacity installation rose 83 percent year-over-year in Q3 of 2024 and in
Slide 13: Clean Energy Transformation Partner
CLEAN ENERGY TRANSFORMATION PARTNER. We don’t just create connections that empower people – we create connections that help our partners achieve their energy goals. 13
Slide 14: Building a Sustainable Future with Corporate Responsibility
BUILDING A SUSTAINABLE FUTURE WITH CORPORATE RESPONSIBILITY. Reducing Our Impact On Projects Keeping Safety at Our Core - Recycling scrap material - Behavioral commitment to safety - Environmental compliance - Strong culture built on leadership, employee dedication, top-notch training programs, indu
Slide 15: Dividend-Adjusted Stock Return
DELIVERING STRONG RETURNS DIVIDEND-ADJUSTED STOCK RETURN. Dividend-Adjusted Stock Return (01/02/2020 - 03/31/2025) MYRG Div.-Adj. Return EME Div.-Adj. Return PWR Div.-Adj. Return MTZ Div.-Adj. Return DY Div. Adj.-Return 900.0% Dividend Adjusted Stock Return 800.0% Stock Price as of: MYRG EME PWR MTZ
Slide 16: Financial Snapshot
DELIVERING STRONG RETURNS FINANCIAL SNAPSHOT. We achieved solid financial results in the first quarter of 2025, with increases in revenue, net Q1 2025 RESULTS income, and consolidated gross profit compared to the same period of 2024. Our backlog at the end of the first quarter was $2.64 billion, whi
Slide 17: Balance Sheet Strength
WELL-POSITIONED TO SUPPORT ADDITIONAL GROWTH BALANCE SHEET STRENGTH. CAPEX Investment CAPEX Spend CAPEX % of Rev • Low debt leverage Millions $100 $84.7 10.0% • Strong balance sheet with $379M in availability $77.1 $80 $75.9 8.0% under our $490M credit facility $63.2 $60 $44.4 $52.4 6.0% • Substanti
Slide 18: Financial Performance
DEMONSTRATES STRONG, LONG-TERM EXECUTION FINANCIAL PERFORMANCE. Revenue by Work Type Backlog Backlog > 12 Mo 12 Mo. Backlog 11.7% CAGR Trans. Dist. C&I 10.1% CAGR $3,000 $2,640 $2,576 Millions $3,644 $2,502 $2,512 $4,000 $3,380 $3,362 $2,500 Millions $3,500 $3,009 $2,000 $1,789 $3,000 $2,498 $1,649
Slide 19: Experienced Leadership Team
EXECUTIVES & BOARD OF DIRECTORS EXPERIENCED LEADERSHIP TEAM. MYR Group Inc. has a strong team of BOARD OF DIRECTORS STATISTICS experienced leaders that make up our executive team and Board of Directors. We believe diversity of our leadership is a critical component of creating long-term 43% 29% 86%
Slide 20: Creating Shareholder Value
CREATING SHAREHOLDER VALUE. Strategic expansion of geographic footprint into new markets in the U.S. and Canada Invest in additional fleet and labor resources to ORGANIC GROWTH expand capacity Expand in new and existing markets Leverage extensive bid knowledge and long-term that align with core capa
Slide 21: Reconciliation of Non-GAAP Measures
DEMONSTRATES STRONG LONG-TERM EXECUTION RECONCILIATION OF NON-GAAP MEASURES. EBITDA FREE CASH FLOW ($ In Millions, Except Per Share Amounts)* FY LTM LTM 2020 2021 2022 2023 2024 3/31/2025 2025 Net Income $ 58.8 $ 85.0 $ 83.4 $ 91.0 $ 30.3 $ 34.6 Net cash flow from operating activities $ 162.7 Intere
Slide 22: Financial Ratios Definitions
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Slide 23: NASDAQ: MYRG myrgroup.com
NASDAQ: MYRG HEADQUARTERS JENNIFER HARPER 12121 Grant Street, Suite 610 MYR Group Inc., Vice President, myrgroup.com Thornton, CO 80241 Investor Relations and Treasurer Investorinfo@myrgroup.com Investorinfo@myrgroup.com 23