The Goldfield — Goldfield — Investor Presentation (March 2017)
22 slides from The Goldfield's investor presentation, Mar 15, 2017
Slide 1: The Goldfield Corporation Investor Presentation March 2017
THE GOLDFIELD CORPORATION Setting the pace for our national energy infrastructure system NYSE MKT: GV Investor Presentation March 2017
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995 throughout this document. You can identify these statements by forward-looking words such as “may,” “will,” “expe
Slide 3: Goldfield (NYSE MKT: GV)
Goldfield (NYSE MKT: GV) Constructs and maintains energy infrastructure systems for the power utility industry, supporting the delivery of energy including: NYSE MKT: GV 3 • transmission lines • distribution systems • substations • drilled pier foundations • barehanded and hot work
Slide 4: Why Goldfield?
Why Goldfield? • A Leader In Electrical Grid Infrastructure • Large modern fleet of equipment with dedicated service and maintenance in each location to maximize efficiency and minimize downtime • Strong Geographic Footprint • Southeast and mid-Atlantic regions of the United States and Texas • Favor
Slide 5: Strong Long-Term Financial Performance
$0.03 $0.47 $0.18 $0.00 $0.19 $0.52 $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 2011 2012 2013* 2014* 2015 2016 $32.8 $81.6 $89.2 $98.4 $120.6 $130.4 $0 $40 $80 $120 $160 2011 2012 2013 2014 2015 2016 Strong Long-Term Financial Performance 5NYSE MKT: GV M ill io ns Consolidated Revenue EPS from Contin
Slide 6: Strong Long-Term Financial Performance
Strong Long-Term Financial Performance 6NYSE MKT: GV M ill io ns Net Income (Loss) EBITDA† † Appendix contains reconciliations from the non‐GAAP measures to the GAAP measures *2014 and 2013 operations adversely affected primarily by severe weather conditions and unexpected issues in Texas - - - 5-Ye
Slide 7: Strong Shareholder Return Metrics
Strong Shareholder Return Metrics 7NYSE MKT: GV 12.7% 12.8% 16.8% 0% 5% 10% 15% 20% 2014 2015 2016 13.5% 14.9% 19.1% 0% 5% 10% 15% 20% 25% 2014 2015 2016 5-Year ROIC (for each year) 5-Year ROE (for each year) 6.1% 6.4% 8.5% 0% 2% 4% 6% 8% 10% 2014 2015 2016 5-Year ROA (for each year) $15.3 $27.3 $31
Slide 8: Peer Group
Peer Group 8NYSE MKT: GV Market Cap $664M MYR Group Inc. through its subsidiaries, provides specialty electrical construction services. The Company performs construction services in two segments: Transmission and Distribution and Commercial and Industrial. Market Cap $3,71M EMCOR Group, Inc. is an e
Slide 9: A Premier Electrical Infrastructure Company
Goldfield, through its operating subsidiary, Power Corporation of America, serves investor owned and municipal utilities as well as government agencies. Because it operates in both union and non-union environments, Goldfield can meet its customers’ demands while delivering safe, high-quality constru
Slide 10: Comprehensive Service Offering
Comprehensive Service Offering 10 Distribution Telecom/Fiber Storm Restoration Transmission Foundations Substations NYSE MKT: GV
Slide 11: Goldfield History
Southeast Power formed, solidifying market position in Southeastern U.S. Goldfield History Goldfield incorporated Acquired Frontier Airlines and took control of General Host Dubbed by Time as one of the fastest growing conglomerates Acquired Mamba Engineering which entered Goldfield into electrical
Slide 12: Strong Geographic Reach
Office Locations Melbourne, FL Port Orange, FL Titusville, FL Spartanburg, SC Bastrop, TX Jacksonville, FL Strong Geographic Reach • Large, modern fleet of equipment reduces downtime and improves safety, worker efficiency and competitive edge to execute projects of all sizes and complexity • Dedicat
Slide 13: Project Milestones
Project Milestones 13NYSE MKT: GV • Prime electrical contractor for construction of Walt Disney World’s Magic Kingdom and Epcot Center 1970 -1980 • Electrical contractor for NASA in building of shuttle runway lighting and various electrical construction projects for NASA rocket launch pads 1974 • Co
Slide 14: High Quality Customer Base
High Quality Customer Base We commit only to the work we can properly supervise, equip and complete to our customer’s satisfaction and timetable 14NYSE MKT: GV
Slide 15: Favorable Industry Dynamics
Favorable Industry Dynamics • Recent presidential executive order to prioritize and jumpstart infrastructure projects around the country • Transmission investments are projected at $22 billion in 2017 and $21 billion in 2018 driven by need to ensure grid reliability, integration of renewable energy,
Slide 16: Favorable Regional Dynamics
Favorable Regional Dynamics 16NYSE MKT: GV Duke Energy • Constructing two 280-megawatt combined-cycled natural gas units in Asheville, NC to replace one 376-megawatt coal plant to be retired in 2020 • Building a 1,640 megawatt combined-cycle natural gas plant in FL to replace two 1960s-era coal plan
Slide 17: Proven Performance
$12.2 $76.4 $74.5 $275.0 $202.9 $190.0 $0 $50 $100 $150 $200 $250 $300 2011 2012 2013 2014 2015* 2016* 146 133 172 195 258 292 0 50 100 150 200 250 300 350 2011 2012 2013 2014 2015 2016 Proven Performance 17NYSE MKT: GV M ill io ns Projects Awarded Backlog - - - 5-Year CAGR of 15% - - - 5-Year CAGR
Slide 18: Long-Term Value Creation
Long-Term Value Creation 18NYSE MKT: GV Grow in existing markets and expand into adjacent geographic markets which are aligned with capabilities Leverage long-term customer relationships to support customers’ growth and expansion Organic Growth Evaluate targeted, niche companies typically under the
Slide 19: Dedication to Safety
Dedication to Safety • Member of the Electrical Transmission & Distribution Partnership – a formal collaboration of industry stakeholders including premier electrical contractors, OSHA, EEI, IBEW and NECA working together to improve safety for workers • Proactive approach to safety with Zero Inciden
Slide 20: Appendix
Appendix NYSE MKT: GV 20
Slide 21: Appendix: Definitions
Appendix NYSE MKT: GV 21 Definitions Consolidated Revenue 5-Year CAGR - Compound annual growth rate of consolidated revenue for the previous five years of the calculated period EPS from Continuing Operations 5-Year CAGR - Compound annual growth rate of earnings per share for the previous five years
Slide 22: Appendix: EBITDA Reconciliation
Appendix NYSE MKT: GV 22 EBITDA Reconciliation 2016 2015 2014 2013 2012 2011 Net income (GAAP as reported) $12,999,749 $4,493,142 ($319,061) $3,783,303 $11,961,229 $873,724 Interest expense, net of amount capitalized 591,176 667,596 681,101 594,632 348,372 168,165 Provision for income taxes, net 7,7