Sterling Infrastructure, Inc. · NASDAQ:STRL
Sterling Infrastructure — Sterling Construction — Q1 2022 Earnings Presentation
18 slides from Sterling Infrastructure's earnings presentation, May 2, 2022
Slide 1: 1st Quarter Earnings Call
We build and service the infrastructure that enables our economy to run, our people to move, and our country to grow. 1ST QUARTER EARNINGS CALL May 3, 2022
Slide 2: Disclosure: Forward-Looking Statements
DISCLOSURE: Forward-Looking Statements This presentation contains, and the officers and directors of the Company may from time to time make, statements that are considered forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forwa
Slide 3: WHO is Sterling?
WHO is Sterling? + E-Infrastructure Solutions + Highest margins in portfolio + Fastest growing segment in revenue growth + Expanded geographic footprint to cover blue-chip customers in all major East Coast markets + Develop advanced, large-scale site development systems & services for data centers,
Slide 4: WHY Sterling?
WHY Sterling? + Our strategic elements, our blueprint for bottom-line growth, reducing risk and consistently outperforming peers: + Solidify the Base + Grow High-Margin Products + Expansion into Adjacent Markets + We build value for investors seeking high margins, healthy cash flow, proven performan
Slide 5: Strategic Execution | Proven Results | Strong Growth
Strategic Execution | Proven Results | Strong Growth 5S t e r l i n g : F i r s t Q u a r t e r 2 0 2 2 Strategic Elements: Solidify the Base | Grow High-Margin Products | Expansion into Adjacent Markets Key Objectives: Bottom-line Growth | Risk Reduction | Exceed Peer Performance 2015 Margins Trans
Slide 6: ESG at Sterling: The Sterling Way
ESG at Sterling: The Sterling Way At Sterling, we understand that what we do has an immediate and significant positive impact on improving human conditions + We build our businesses around meeting the needs of the people we serve providing infrastructure solutions and services for the betterment of
Slide 7: First Quarter 2022 Results
+ First Quarter 2022 Results S t e r l i n g : F i r s t Q u a r t e r 2 0 2 2 7
Slide 8: First Quarter 2022 Results
First Quarter 2022 Results 8S t e r l i n g : F i r s t Q u a r t e r 2 0 2 2 Revenues: $410.3 million Net Income: $19.3 million Diluted EPS: $0.64 cents + Backlog: $1.53 billion with 12.8% margin(1) + Combined Backlog: $1.67 billion with 12.6%(1) + Cash & Cash Equivalents: $80.4 million(1) + Cash f
Slide 9: Quarterly Consolidated and Segment Results
9S t e r l i n g : F i r s t Q u a r t e r 2 0 2 2 Quarterly Consolidated and Segment Results ( 1 ) S e e E B I T D A R e c o n c i l i a t i o n o n p a g e 1 6 . ($ in millions) Q1 2022 Q1 2021 Revenues $ 410.3 $ 315.3 Gross Profit 56.1 45.0 G&A Expense (23.1) (17.1) Intangible Amortization (3.6)
Slide 10: Increased EBITDA and Cash Flow Drives Liquidity Strategy
10S t e r l i n g : F i r s t Q u a r t e r 2 0 2 2 Increased EBITDA and Cash Flow Drives Liquidity Strategy We expect to pursue strategic uses of our liquidity, such as, strategic acquisitions, investing in capital equipment and managing leverage. Capital allocation focus + Long-term shareholder va
Slide 11: Contact Us
+ Contact Us Sterling Ron Ballschmiede, Chief Financial Officer Mary Morley, Investor Relations Sterling Construction Company, Inc. Tel: (281) 214-0777 The Equity Group Inc. Jeremy Hellman Tel: (212) 836-9626 jhellman@equityny.com S t e r l i n g : F i r s t Q u a r t e r 2 0 2 2 11
Slide 12: Appendix
+ Appendix S t e r l i n g : F i r s t Q u a r t e r 2 0 2 2 12
Slide 13: Strategy Driving Profitable Growth
13S t e r l i n g : F i r s t Q u a r t e r 2 0 2 2 Strategy Driving Profitable Growth
Slide 14: 2022 Modeling Considerations
14S t e r l i n g : F i r s t Q u a r t e r 2 0 2 2 2022 Modeling Considerations(1) ( 1 ) I n m i l l i o n s e x c e p t f o r E P S a n d p e r c e n t a g e s . ( 2 ) E x c l u d e s g r o w t h r e l a t e d t o t h e a c q u i r e d P e t i l l o b u s i n e s s o f a p p r o x . $ 2 2 5 M f o
Slide 15: 2022 Modeling Considerations Continued
15S t e r l i n g : F i r s t Q u a r t e r 2 0 2 2 2022 Modeling Considerations Continued* * I n M i l l i o n s e x c e p t f o r p e r c e n t a g e s . NON-CASH ITEMS FY 2022 Expectations FY 2021 Depreciation & Amortization $50 to $54 $34.2 Debt Issuance Cost Amortization $2 to $3 $2.2 Stock-bas
Slide 16: 16S
16S t e r l i n g : F i r s t Q u a r t e r 2 0 2 2
Slide 17: 17S
17S t e r l i n g : F i r s t Q u a r t e r 2 0 2 2
Slide 18: Thank You
We build and service the infrastructure that enables our economy to run, our people to move, and our country to grow. THANK YOU
Sterling Construction — Q1 2022 Earnings Presentation on 6ix