Tutor Perini Corporation · NYSE:TPC
Tutor Perini — Investor Presentation (November 2021)
15 slides from Tutor Perini's investor presentation, November 2021
Slide 1: Investor Presentation November 2021
Investor Presentation November 2021 Alaskan Way Viaduct (SR 99) Replacement Project, Seattle
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements contained in this presentation that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements regarding the Company’s expectations, hopes, beliefs
Slide 3: Company Overview
Company Overview Leading provider of diversified general contracting, design-build and self-perform construction services for public and private clients • Civil segment infrastructure projects drive profitability • Significant increase in infrastructure spending has already begun, Tutor Perini ran
Slide 4: Diverse Geographic Footprint
Diverse Geographic Footprint Well positioned to capture work in all 50 states and in targeted international markets 4
Slide 5: Representative Significant Projects
Representative Significant Projects (approximate contract values) Various New York MTA East Side Access Projects – $3.2B Los Angeles MTA Purple Line Sections 2 & 3 (JV) – $3.1B California High-Speed Rail (JV) – $2.4B Newark Airport Terminal One, NJ (JV) – $1.4B San Francisco MTA Central Su
Slide 6: Segment Overview and Financials
Segment Overview and Financials (financials are LTM through Q3-21; backlog as of quarter-end)) A Leading Construction Services Firm Revenue: $5.0B Income from Construction Operations (ICO): $244.9M(1) Operating Margin: 4.9%(1) Q3-21 Backlog: $8.4B Civil Segment Building Segment Specialty Contractors
Slide 7: Civil Segment Drives TPC's Profitability
Civil Segment Drives TPC’s Profitability Winning Large and Highly Visible Projects Construction and rehabilitation of critical infrastructure, including highways, bridges, tunnels, mass-transit systems and wastewater treatment facilities TPC’s highest margin segment (typically 10% to 12%) Focu
Slide 8: Building Segment
Building Segment Private / Non-Residential and Building Construction Success Drivers Public Projects Expertise in Hospitality and Gaming, Large and active bid pipeline across diverse end markets Design-Build and Accelerated Delivery — Significant volume of prospective projects in California an
Slide 9: Specialty Contractors Segment
Specialty Contractors Segment Specialty Contractors Success Drivers One of the largest electrical contractors FIVE STAR ELECTRIC in New York City Strong electrical and mechanical proficiencies Solid demand, especially in New York City and California, driven by substantial work being performed
Slide 10: Vertical Integration: A Competitive Advantage
Vertical Integration: A Competitive Advantage (approximate values) Example Projects: Hudson Yards Development Platform, tunnel and buildings Midtown Manhattan, NY Total project volume: $2.4B New York MTA East Side Access Subway stations, tracks and systems Queens to Manhattan, NY Project value: $3.2
Slide 11: Core Strengths Provide Significant Benefits
Core Strengths Provide Significant Benefits Core Strengths Benefits Realized Cost estimating Greater project cost and schedule Self-perform capabilities certainty Diverse construction experience – Civil, Durable competitive advantage Building and Specialty Contractors Higher profit margi
Slide 12: $8.4B Backlog Supports Revenue (as of Q3-21)
$8.4B Backlog Supports Revenue (as of Q3-21) Backlog by Segment Backlog by Customer Specialty Contractors 17% $1.5B Private Building State and Local 17% 29% Government $1.5B $2.4B 73% $6.1B Civil Federal Gov't 54% 10% $4.5B $0.8B $2.1B of new awards were booked in Q3 2021; Decisions and potential aw
Slide 13: Revised FY21 Guidance
Revised Guidance (as of November 3, 2021) Rev ised Revised FY21 Guidance EPS Range $1.70 - $1.85 Assumptions: No new significant or worsening impacts from the COVID-19 pandemic General and administrative expenses of approximately $245M to $255M Includes $115M - $120M of depreciation and amorti
Slide 14: Why Consider Investing in Tutor Perini?
Why Consider Investing in Tutor Perini? Market leader with strong résumé of successfully completed projects Well-positioned to benefit from years of pent-up demand and anticipated incremental spending on U.S. infrastructure projects, particularly if the proposed $1.2T bipartisan infrastructure b
Slide 15: Contact: Jorge Casado, Vice President, Investor Relations
Contact: Jorge Casado Vice President, Investor Relations (818) 408-5746 Jorge.Casado@tutorperini.com 15