Arcosa, Inc. · NYSE:ACA
Arcosa — Merger or Acquisition (March 2021)
13 slides from Arcosa's merger presentation, Mar 22, 2021
Slide 1: Arcosa to Acquire StonePoint Materials
Arcosa to Acquire StonePoint Materials March 22, 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements Some statements in this presentation, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Arcosa’s estimates, expectations, beliefs, intenti
Slide 3: Transaction Summary
Transaction Summary Arcosa to acquire StonePoint Materials, a top 25 U.S. construction aggregates company ▪ Leading supplier of aggregates and related products, with approximately 9 million tons of annual aggregates production StonePoint ▪ Operations: 4 active limestone quarries, 10 sand & gravel mi
Slide 4: StonePoint Materials Highlights
StonePoint Materials Highlights Acquisition accelerates Arcosa’s growth in Construction Products Strategic Rationale ~$125M ~$30M Projected 2021 Projected 2021 ✓ Premier, scaled aggregates platform that continues Arcosa’s Revenues Adjusted EBITDA evolution to a higher margin, higher growth, and less
Slide 5: Strong Position in Aggregates and Related Offerings
Strong Position in Aggregates and Related Offerings StonePoint sells a range of construction materials used in infrastructure, residential, and non-residential markets EBITDA by Product Type Limestone Asphalt Estimated 2021 3 limestone quarries in TN / KY 4 asphalt plants in TN/KY 1 limestone mine i
Slide 6: Attractive and Complementary Geographic Presence
Attractive and Complementary Geographic Presence Acquisition expands Arcosa’s Construction Materials operations in the Gulf Coast as well as into attractive new markets Geography Value Proposition ▪ Louisiana: New ▪ Platform complementary to Arcosa’s Orleans, Baton footprint in Texas and Louisiana,
Slide 7: Strengthens Arcosa's Construction Materials Platform
Strengthens Arcosa’s Construction Materials Platform StonePoint enhances the scale of our constructions materials platform and accelerates the shift to a higher margin, more stable portfolio We have continued to build out a world-class …and the StonePoint acquisition further accelerates the shift to
Slide 8: StonePoint Investment Highlights
StonePoint Investment Highlights Premier asset that Market-leading aggregate accelerates growth and Significant amount of positions in attractive Gulf scale of Arcosa’s high-quality reserves (40+ Coast and Tennessee / construction materials years) Kentucky Regions platform Supplements pipeline of Ex
Slide 9: Arcosa's Long-Term Strategy
Arcosa’s Long-Term Strategy Grow in attractive markets Reduce the complexity Improve long-term Integrate Environmental, where we can achieve and cyclicality of the returns on invested Social, and Governance sustainable competitive overall business capital initiatives (ESG) into our advantages long-t
Slide 10: Appendix
Appendix 10 / Moving Infrastructure Forward
Slide 11: Non-GAAP Measures
Non-GAAP Measures Refer to slides that follow for accompanying reconciliations “Pro-Forma Adjusted EBITDA” is defined as StonePoint's net income plus interest expense, income taxes, depreciation, depletion, and amortization, pro-forma adjustments for acquisitions made during the period, acquisition-
Slide 12: Reconciliation of StonePoint Pro-Forma Adjusted EBITDA
Reconciliation of StonePoint Pro-Forma Adjusted EBITDA Reconciliation of Adjusted Segment EBITDA ($’s in millions) ($’s in millions) Year Ended December 31, (unaudited) (unaudited) 2020 2019 2018 Trailing Twelve Months Ended Construction Products Operating Profit $ 74.7 $ 52.7 $ 50.4 December 31, Ma
Slide 13: Reconciliation of Net Debt to Adjusted EBITDA
Reconciliation of Net Debt to Adjusted EBITDA ($’s in millions) (unaudited) Pro-Forma for December 31, 2020 December 31, 2020 (1) StonePoint Pro-Forma Total debt $ 254.5 Cash and cash equivalents 95.8 Net Debt $ 158.7 $ 375.0 $ 533.7 Adjusted EBITDA (trailing twelve months) $ 291.4 $ 27.6 $ 319.0 Ne