Primoris Services Corporation · NYSE:PRIM
Primoris Services — Rhapsody Acquisition — CJS Securities' New Ideas Conference 2008
11 slides from Primoris Services's conference presentation, Aug 11, 2008
Slide 1: CJS Securities' "New Ideas" Conference
CJS Securities’ “New Ideas” Conference August 12, 2008 Rhapsody Acquisition Corp. (“Primoris”) Nasdaq Global Market: PRIM; PRIMW; PRIMU One of the Largest Specialty Contractors in the Western United States, Focused on the Growing Power & Energy Industries
Slide 2: Safe Harbor
Safe Harbor Primoris This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, about Rhapsody Acquisition Corp., a Delaware corporation ("Primoris” or “the Company’), which merged with Primoris Corporation, a Nevada corporati
Slide 3: Company Snapshot
Company Snapshot Primoris = Recently became public via SPAC merger = Growing company in a growing industry; ~75% of 2007 revenue attributable to power & energy sectors = Diversified project mix and expansive geographic coverage throughout the Western U.S., with strategic presence in Florida, Texas,
Slide 4: Significant Growth
Significant Growth (FY 2005 — 2007) Revenue Sm mnon) GR ano $600: - $4394 $600) $362.5 $400: $300- $200: $100: 80: 2008 2006 EBITDA”) 2008 2006 2007 (1) Refers to Old Pamors without taking ino account the merger (2) Pleas refer fo EBITDA fotnote on page 10 zi
Slide 5: Merger Transaction
Merger Transaction Primori Merger completed in July 2008 = Old Primoris stakeholders represent approximately 79.3% ownership in the combined entity immediately after the merger. Twelve month lock-up agreements in place = Management has significant ownership of the Company following the merger-— appr
Slide 6: Company Structure
Company Structure Primoris Two Business Segments with Primary Markets in the Growing Energy and Power Industries Primoris 86% of Revenue 14% of Revenue AB GE AB ores 2 Leading west One of the largest Leading water (One of fve primary ‘coast underground industrial contractors, ‘and wastewater pafhing
Slide 7: Construction Services
Primoris Construction Services Underground- installs, replaces, repairs and rehabilitates crude, natural gas, refined products, wateriwastewater pipelines and electric and communication underground installations. ‘One of the largest pipeline contractors in the Western U.S. «Primarily serves oil and
Slide 8: Engineering
Engineering Primoris Specializes in designing, supplying, and installing high-performance furnaces, heaters, burner management systems, and related combustion technologies for clients in the oil refining, petrochemical and power generation industries. = Launched in 2002 through the formation of Onqu
Slide 9: Summary Financial Data
Summary Financial Data {in thousands) ‘Total lites and shareholders equity (1) _ Refers to Old Piers without taking nto account the merger Primoris Corporation'") Condensed Consolidated Summary of Operations Three months 2008 Revenue $169,381 Cost of revenue 153.178 Gross profit 16.213 Selling, gene
Slide 10: Summary Financial Data: EBITDA
Primoris Summary Financial Data EBITDA Three months ended March 31 2008 2007 Th thousands) NNetincome from continuing operations $9,782 $3283 Interest, net ™ 65 Provision for income taxes 195 198 Depreciation and amortization 1ae7 1192 EBITDA from continuing operations 1101 4.04 STOR elongate act pn
Slide 11: imoris
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Rhapsody Acquisition — CJS Securities' New Ideas Conference 2008 on 6ix