Myr Group, Inc. · NASDAQ:MYRG
Myr — Investor Presentation (November 2018)
23 slides from Myr's investor presentation, Nov 14, 2018
Slide 1: November Update | Q3 2018 Investor Presentation
NOVEMBER UPDATE | NASDAQ: MYRG Q3 2018 INVESTOR PRESENTATION
Slide 2: Forward-Looking Statements
Forward - Looking Statements Various statements in this communication, including those that express a belief, expectation, or intention, as well as those tha t are not statements of historical fact, are forward - looking statements. The forward - looking statements may include projections and estima
Slide 3: Table of Contents
│ Page 3 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. Company Overview Strategy Market Overview Financial Performance Investment Outlook Appendix TABLE OF CONTENTS
Slide 4: Company Overview
│ Page 4 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. Company Overview │ Strategy │ Market Overview │ Financial Performance │ Investment Outlook │ Appendix $1.40B 2017 Revenue $1.14B 2016 $1.06B 2015 $944M 2014 $903M 2013 $999M 2012 $780M 2011 $597M 2010 • AMONG TOP 5 ENR U.S. Specialty E
Slide 5: A Market Leader Positioned for Growth
• Growing revenues • Backlog at an all - time high • Stable balance sheet to support growth • Since going public in August 2008, MYR has had no loss quarters, goodwill impairment charges, or extraordinary losses │ Page 5 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. A MARKET LEADER POSITIO
Slide 6: Comprehensive North American Service Offerings
│ Page 6 • Transmission up to 765kV • Overhead Distribution • Underground Distribution • Foundations & Caissons • Directional Boring • Substation & Collector Systems • EPC Services • PCS / Cellular Towers • Emergency Storm Response • Fiber Optics • Underground Gas Distribution • Educational / Medica
Slide 7: Future Growth and Value Creation Opportunities
│ Page 7 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. FUTURE GROWTH AND VALUE CREATION OPPORTUNITIES • Strategic expansion of MYR Group’s geographic footprint into new markets • Invest in additional fleet and labor resources to expand capacity • Leverage extensive bid knowledge and long -
Slide 8: MYR Group's Strong Competitive Advantage
MYR Group’s Strong Competitive Advantage • Added multiple new locations in the past several years through organic growth and four acquisitions • History of successful, quality project execution throughout our 125+ years in business - most importantly the most recent ten year s • Centrally managed fl
Slide 9: 2018 Acquisition
│ Page 9 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. 2018 Acquisition Company Overview │ Strategy │ Market Overview │ Financial Performance │ Investment Outlook │ Appendix Geographic Expansion Enhance End Market Exposure Service Offering Expansion Grow Skilled Workforce July 2018 • Expan
Slide 10: T&D Market Conditions Remain Favorable
│ Page 10 Source: U.S. Department of Energy | March 2018 Transmission Data Review Miles of Planned Transmission Lines Expected to be completed by 2020 “Planned […] refers to projects where: (a) Permits have been approved (b) A design is complete, or (c) The project is necessary to meet a regulatory
Slide 11: T&D Market Conditions Remain Favorable
│ Page 11 Source: The C Three Group, 2018 North American Electric Distribution Market Forecast, September 2018 Historical and Projected Transmission Investment (Nominal Dollars) Source: EEI Transmission Projects: At A Glance, September 2017 (Note: r=revised) Transmission Spend Drivers System Reliabi
Slide 12: Expanding C&I Market
C&I’s Strong $623.8MM Backlog as of 09/30/2018 is Driven by: Hospitals Data Centers Airport Projects Transportation Work Aerospace Water / Waste Water Upgrades │ Page 12 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. EXPANDING C&I MARKET Company Overview │ Strategy │ Market Overview │ Finan
Slide 13: Strong Long-Term Financial Performance
│ Page 13 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. STRONG LONG - TERM FINANCIAL PERFORMANCE Company Overview │ Strategy │ Market Overview │ Financial Performance │ Investment Outlook │ Appendix $597 $780 $999 $903 $944 $1,062 $1,142 $1,403 $1,458 $- $200 $400 $600 $800 $1,000 $1,200 $
Slide 14: Balance Sheet Strength to Support Additional Growth
• Little off - balance - sheet leverage • Limited goodwill • Modest debt leverage • Strong liquidity position • Substantial bonding capacity • Investment in specialty equipment contributed to top - line organic growth and supports future organic growth • Executed two new equipment notes totaling $24
Slide 15: Delivering Strong Returns
│ Page 15 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. DELIVERING STRONG RETURNS Company Overview │ Strategy │ Market Overview │ Financial Performance │ Investment Outlook │ Appendix MYR closed on its 144A private placement in December 2007; approximately 17.8 million shares of stock were
Slide 16: Investment Outlook
│ Page 16 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. INVESTMENT OUTLOOK Company Overview │ Strategy │ Market Overview │ Financial Performance │ Investment Outlook │ Appendix • Solid execution of corporate strategy has solidified MYR Group’s position as a market leader in large transmiss
Slide 17: Appendix
Appendix │ Page 17 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. Company Overview │ Strategy │ Market Overview │ Financial Performance │ Investment Outlook │ Appendix
Slide 18: Corporate Governance Overview
│ Page 18 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. CORPORATE GOVERNANCE OVERVIEW EXPERIENCED BOARD WITH INDEPENDENT OVERSIGHT • 9 of 10 directors are independent • 6 of 10 directors have significant energy / utility experience • Independent Chairman of the Board • Audit, Compensation
Slide 19: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM │ Page 19 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. Company Overview │ Strategy │ Market Overview │ Financial Performance │ Investment Outlook │ Appendix • Experienced management team averages more than 25 years with MYR Group and approximately 32 years in o
Slide 20: Service Offerings
SERVICE OFFERINGS Transmission Renewables Distribution Traffic Signalization Telecommunications Substation Foundations Industrial Storm Restoration EPC Commercial Smart Grid │ Page 20 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. Company Overview │ Strategy │ Market Overview │ Financial Pe
Slide 21: MYR Group Customer Sample
MYR GROUP CUSTOMER SAMPLE │ Page 21 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. Company Overview │ Strategy │ Market Overview │ Financial Performance │ Investment Outlook │ Appendix
Slide 22: EBITDA Reconciliation
EBITDA RECONCILIATION │ Page 22 Investor Presentation │ NOVEMBER │ ©2018 MYR GROUP INC. Company Overview │ Strategy │ Market Overview │ Financial Performance │ Investment Outlook │ Appendix Note: LTM diluted weighted average shares outstanding were determined by adding the average shares reported fo
Slide 23: Financial Ratio Definitions
FINANCIAL RATIO DEFINITIONS │ Page 23 S&P Capital IQ Disclaimer of Liability Notice . This may contain information obtained from third parties, including ratings from credit ratings agencies such as Standard & Poor’s. Reproduction and distribution of third party content in any form is prohibited exc