Slide 1: Granite Construction Q3 2023 Earnings Presentation
Granite Construction Q3 2023 Earnings Presentation © 2023 Granite Construction. All Rights Reserved.
Slide 2: Safe Harbor
Safe Harbor Any statements contained in this presentation “should,” “could,” “would,” "guidance," with the Securities and Exchange Commission, that are not based on historical facts, including “continue,” and the negatives thereof or other particularly those described in our Annual statements regard
Slide 3: Executing on the Strategic Plan
Executing on the Strategic Plan Transformed CAP portfolio Focused Core Investments Driving Growth through Footprint Expansion • Moved away from complex design- • Continued investment in our • Positioned to explore footprint build projects Materials business to support our expansion opportunities in
Slide 4: Construction Segment
Construction Segment Total Company CAP by Group • Total CAP of $5.6 billion, up $147 million or 3% sequentially and an increase of 37% YOY $997 , $1,526 , $1,428 , $1,811 , 25% 37% 26% 32% • Expect to continue grow CAP and revenue in Q4’23 Q3 Q3 2023 California Group 2022 $1,553 , $2,345 , • Total C
Slide 5: Materials Segment
Materials Materials Segment Segment Revenue by Product* Revenue by Group • Total volumes and orders strong throughout Q3 3% 9% • Revenue and gross profit increased YOY driven by higher 30% asphalt and aggregate sales prices YTD YTD 51% 2023 67% 40% 2023 • Expect to realize further material price inc
Slide 6: Q3 2023 Results
Q3 2023 Results Total Revenue $1,117 M Construction Revenue $946 M Materials Revenue $171 M Adjusted Net Income $75 M Adjusted Diluted EPS Laguna Seca Raceway Pedestrian Bridge $1.69 Monterey, CA Adjusted EBITDA Q3 2023 Highlights $124 M • Revenue and gross profit increased YOY, driven by strong per
Slide 7: Concluding Remarks
Concluding Remarks • Q3 top- and bottom-line growth in alignment with 2023 guidance and 2024 targets • Record CAP of $5.6 billion as of the end of Q3 • Remaining selective in project bidding while improving margins • Public market environment supported by the accelerating benefit of the IIJA • Stron
Slide 8: Thank you. Questions?
Thank you. Questions? © 2023 Granite Construction. All Rights Reserved.
Slide 9: Appendix
Appendix The tables below contain financial information calculated • Other costs, net as described above; As a result, any non-GAAP financial measures provided by other than in accordance with U.S. generally accepted • Transaction costs which includes acquired the Company may not be comparable to si
Slide 10: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation © 2023 Granite Construction. All Rights Reserved. 10
Slide 11: Adjusted NI Reconciliation
Adjusted NI Reconciliation © 2023 Granite Construction. All Rights Reserved. 11