Myr Group, Inc. · NASDAQ:MYRG
Myr — Q3 2025 Earnings Presentation
22 slides from Myr's earnings presentation, November 2025
Slide 1: Q3 2025 Investor Presentation
Q3 2025 INVESTOR PRESENTATION Q 3 | N O V E M B ER 2 0 2 5 | N A S D A Q : M Y R G 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 5 U.S. Specialty Electrical Contractors
RANKED AMONG TOP 5 U.S. SPECIALTY ELECTRICAL CONTRACTORS $3.51B 09/30/2025 LTM 29 YEARS IN A ROW $3.36B 2024 $3.64B 2023 $3.01B 2022 $2.50B 2021 $2.25B 2020 CAGR 9.9% 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 Service Agreements (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 Deliver highest quality services with skilled experts Strong execution of large projects on stand-al
Slide 7: Business Segment Update: Transmission & Distribution (T&D)
BUSINESS SEGMENT UPDATE TRANSMISSION & DISTRIBUTION (T&D). • LTM revenue of $1.92B as of September 30, 2025 • Backlog of $929M as of September 30, 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. • Power consumption is expected to reach record highs in 2025 and 2026. The Energy Information Administration projected consumption would hit 4,189 billion kilowatt hours in 2025 and 4,278 billion kilowatt hours in 2026. (Reuters.com and EIA.gov, July 202
Slide 9: Business Segment Update: Commercial & Industrial (C&I)
BUSINESS SEGMENT UPDATE COMMERCIAL & INDUSTRIAL (C&I). • LTM revenue of $1.59 billion as of September 30, 2025 • Backlog of $1.73B as of September 30, 2025 • Growth in our core markets is driven by increasing investments in data centers, transportation, clean energy, and healthcare, as well as resho
Slide 10: C&I Market Outlook
STRONG, DIVERSE CORE MARKETS C&I MARKET OUTLOOK. MYR GROUP CORE C&I MARKETS MYR Group’s C&I segment sees steady bidding opportunities in its core markets Data Centers and continues to be well diversified. Airport Projects Transportation Healthcare • FMI’s latest survey of nonresidential construction
Slide 11: Data Center Market Expansion
MARKET OPPORTUNITIES FOR BOTH T&D AND C&I DATA CENTER MARKET EXPANSION. • Data centers were the highest growth segment in FMI’s third quarter engineering and construction outlook. They estimated DATA CENTER DRIVERS that data center market spending will be 32% higher this year than last year and cont
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 CLEAN ENERGY DRIVERS baseload generation resources retire and clean energy provides an increasingly New Generation to Support Load Growth large percentage o
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 - 09/30/2025) MYRG Div.-Adj. Return EME Div.-Adj. Return PWR Div.-Adj. Return MTZ Div.-Adj. Return DY Div. Adj.-Return 1000.0% PWR - CAGR 49.83% Dividend Adjusted Stock Return Stock Price as of: MYRG
Slide 16: Financial Snapshot
DELIVERING STRONG RETURNS FINANCIAL SNAPSHOT. Our third quarter performance resulted in quarterly revenues of $950 million and Q3 2025 RESULTS year-over-year increases in net income, consolidated gross profit, gross margin, and EBITDA.” Mr. Swartz continued, “By enhancing relationships with our pref
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 10.0% $84.7 $77.1 $75.9 $76.8 • Strong balance sheet with $400M in availability $80 8.0% under our $490M credit facility $60 $44.4 $52.4 6.0% • Substanti
Slide 18: Financial Performance
DEMONSTRATES STRONG, LONG-TERM EXECUTION FINANCIAL PERFORMANCE. Backlog Revenue by Work Type Backlog > 12 Mo 12 Mo. Backlog 10.6% CAGR $3,000 $2,663 $2,576 Millions Trans. Dist. C&I 9.9% CAGR $2,502 $2,512 $2,500 $4,000 $3,644 $3,362 $3,514 $1,789 Millions $3,500 $3,009 $2,000 $1,649 $3,000 $2,498 $
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 25% 38% 88
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 9/30/2025 9/30/2025 Net Income $ 58.8 $ 85.0 $ 83.4 $ 91.0 $ 30.3 $ 97.8 Net cash flow from operating activities $ 232.9 I
Slide 22: 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 22