Infrastructure and Energy Alternatives Inc

Infrastructure and Energy Alternatives — FY2020 Earnings Presentation

20 slides from Infrastructure and Energy Alternatives's earnings presentation, Mar 8, 2021

  1. Slide 1: Investor Presentation March 2021

    © 2021. IEA. All Rights Reserved. INVESTOR PRESENTATION MARCH 2021

  2. Slide 2: Forward-looking statements

    © 2021. IEA. All Rights Reserved. 2 All statements, other than statements of historical fact, included in this presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange

  3. Slide 3: Who We Are

    3 © 2021. IEA. All Rights Reserved. Who We Are Infrastructure & Energy Alternatives (Nasdaq “IEA”) Leading North American provider of infrastructure services 65% of revenues derived from renewable energy segment construction “Double-Breasted” workforce allows IEA to perform both union and non-union

  4. Slide 4: Leadership Positions Across Our Core Businesses

    4 © 2021. IEA. All Rights Reserved. LEADERSHIP POSITIONS ACROSS OUR CORE BUSINSSES Services Enabling the Energy Transition Services Improving Transportation Infrastructure Top 20 Rail Infrastructure(3) #2 Wind / Solar EPC(1) Top 3 Coal Ash Remediation(2) Top 20 Highway Construction(3) (1) Based on c

  5. Slide 5: We Are a Direct Beneficiary of Growing Investment in Renewables

    5 © 2021. IEA. All Rights Reserved. WE ARE A DIRECT BENEFICIARY OF GROWING INVESTMENT IN RENEWABLES Contribution to the Cost of a Wind Energy Project(2) Contribution to the Cost of a Solar Energy Project(1) (1) Wood Mackenzie H1 2020 U.S. Solar PV System Pricing, June 2020; estimate for 50 MW site u

  6. Slide 6: Renewables Investment Is Growing Faster Than Investor-Owned Utility Capex

    6 © 2021. IEA. All Rights Reserved. RENEWABLES INVESTMENT IS GROWING FASTER THAN INVESTOR-OWNED UTILITY CAPEX U.S. Utility-Scale Wind and Solar Investment(2) ($ in Billions) U.S. Investor-Owned Utility Capital Expenditures(1) ($ in Billions) (1) EEI Industry Capital Expenditures with Functional Deta

  7. Slide 7: A New Clean Power Plan Could Accelerate Utility-Scale Wind and Solar Deployments

    7 © 2021. IEA. All Rights Reserved. A NEW CLEAN POWER PLAN COULD ACCELERATE UTILITY-SCALE WIND AND SOLAR DEPLOYMENTS Projected Fossil & Nuclear Generation Retirements Through 2025 (GW)(1) 1. U.S. Energy Information Administration (EIA), Annual Energy Outlook 2020, January 2020. Based on natural gas-

  8. Slide 8: Sustained Renewable Energy Growth

    8 © 2021. IEA. All Rights Reserved. U.S. electricity generation from selected fuels AEO2021 reference case Billion kilowatthours SUSTAINED RENEWABLE ENERGY GROWTH 0 1,000 2,000 3,000 4,000 5,000 6,000 2010 2020 2030 2040 2050 2020 history projections natural gas renewables nuclear coal 40% 21% 19% 1

  9. Slide 9: Coal Ash Remediation Is a Large, Multi-Year Opportunity

    9 © 2021. IEA. All Rights Reserved. COAL ASH REMEDIATION IS A LARGE, MULTI- YEAR OPPORTUNITY There are more than 700 coal ash impoundments and landfills… …and only 15% of them have been closed or remediated Coal ash remediation opportunity could exceed $50 billion over the next 10 years(1) Landfills

  10. Slide 10: Intermodal Freight Traffic Is Growing Rapidly

    10 © 2021. IEA. All Rights Reserved. INTERMODAL FREIGHT TRAFFIC IS GROWING RAPIDLY Total U.S. Rail Freight Traffic(1)U.S. Rail Intermodal Traffic (millions of containers)(1) Intermodal traffic is growing rapidly… …represents the majority of all rail freight… …and creates significant environmental be

  11. Slide 11: Strong Commitment to ESG

    11 © 2021. IEA. All Rights Reserved. STRONG COMMITMENT TO ESG Constructed over 21.4 GW of wind and solar projects that annually offset…(1) ▪ CO2 – 29.0 million MT ▪ NOx – 15,867 MT ▪ SO2 – 17,260 MT ▪ PM2.5 – 1,987 MT Employee Safety is Our First PriorityEnabler for Reduced Greenhouse Gas Emissions

  12. Slide 12: Financial & Business Update

    © 2021. IEA. All Rights Reserved. 12 FINANCIAL & BUSINESS UPDATE

  13. Slide 13: Full Year 2020 Results

    © 2021. IEA. All Rights Reserved. 13 FULL YEAR 2020 RESULTS SG&A Expense ($mm) Revenues ($mm) $1,460 $1,753 2019 2020 Adjusted EBITDA ($mm)(1) $101 $128 2019 2020 $120 $113 2019 2020 Key Themes ▪ Strong topline growth driven by renewables business • Record revenues in wind • Solar business ramping ▪

  14. Slide 14: Full Year 2020 Segment Results

    © 2021. IEA. All Rights Reserved. 14 FULL YEAR 2020 SEGMENT RESULTS Key Takeaways ▪ Wind revenues up YOY – new record ▪ Solar revenues up substantially YOY • Faster growing business going forward ▪ Modest increase in gross margins Key Takeaways ▪ Environmental down slightly YOY • Strong bidding envi

  15. Slide 15: Strong Backlog Visibility into 2021

    © 2021. IEA. All Rights Reserved. 15 STRONG BACKLOG VISIBILITY INTO 2021 Next Twelve-Month Backlog ($mm) Total Backlog ($mm) ▪ Slight decrease in 2020 resulting from delayed awards ▪ Strong Renewables business backlog • Record backlog in solar ▪ Growing Rail backlog ▪ Nearly doubled YoY $2,116 $2,17

  16. Slide 16: Financial Guidance

    © 2021. IEA. All Rights Reserved. 16 FINANCIAL GUIDANCE

  17. Slide 17: 2021 Guidance

    © 2021. IEA. All Rights Reserved. 17 ▪ $1.75B - $1.95B in Revenue ▪ $130M - $140M in Adjusted EBITDA 2021 GUIDANCE 2021 Guidance Range(1) ($ in Millions) Low High Revenue $1,750 $1,950 Net Income 5.0 14.0 Interest Expense, Net 61.0 61.0 Depreciation & Amortization 50.0 50.0 Expense for Income Taxes

  18. Slide 18: Appendix

    © 2021. IEA. All Rights Reserved. 18 APPENDIX

  19. Slide 19: Adjusted EBITDA Reconciliation

    © 2021. IEA. All Rights Reserved. 19 Year Ended 12.31.2020 Year Ended 12.31.2019 Net income (loss) $ 728 $ 6,231 Interest expense 61,689 51,260 Provision (benefit) for income taxes 12,580 (1,621) Depreciation expense 47,682 48,220 EBITDA 122,679 104,090 Non-Cash Stock Comp Expenses 4,409 4,016 Acqui

  20. Slide 20: Thank You / IR Contact

    © 2021. IEA. All Rights Reserved. 20 THANK YOU I R C O N T A C T Addo Investor Relations Kimberly Esterkin, Managing Director iea@addoir.com 310.829.5400

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