Myr Group, Inc. · NASDAQ:MYRG
Myr — Investor Presentation (August 2025)
22 slides from Myr's investor presentation, Aug 8, 2025
Slide 1: Investor Presentation Q2 August 2025
1 INVESTOR PRESENTATION Q2 | AUGUST 2025 | NASDAQ: MYRG Q 2 2 0 2 5
Slide 2: Safe Harbor Notice: Forward-Looking Statements
2 Various statements in this announcement, including those that express a belief, expectation, or intention, as well as those that are not statements of historical fact, are forward-looking statements. The forward-looking statements may include projections and estimates concerning the timing and suc
Slide 3: Investment Highlights: A Market Leader in Electrical Construction
3 65+ OFFICE LOCATIONS MYR Group Inc. is a holding company of subsidiaries that has delivered some of the largest and most notable electrical infrastructure and commercial and industrial projects throughout the United States and Canada, since 1891. MYR GROUP INC. - A MARKET LEADER IN ELECTRICAL CONS
Slide 4: Revenue growth and ranking among top U.S. specialty electrical contractors
4 $3.45B 06/30/2025 LTM $2.25B 2020 $2.50B 2021 $3.01B 2022 $3.36B 2024 RANKED AMONG TOP 5 U.S. SPECIALTY ELECTRICAL CONTRACTORS 29 YEARS IN A ROW $3.64B 2023 CAGR 10.0%
Slide 5: Market and business drivers
5 • T&D primarily consists of small to medium-sized projects, with some larger High Voltage Direct Current (HVDC) transmission projects. We execute routine maintenance work under long-term Master Services Agreement (MSAs). Strong, long-term drivers will continue to increase T&D spending. • The core
Slide 6: Electrical Construction Project Delivery: Depth & Breadth of Expertise
6 ELECTRICAL CONSTRUCTION PROJECT DELIVERY DEPTH & BREADTH OF EXPERTISE. A person in a safety vest and helmet looking at a construction vehicle Description automatically generated MAINE POWER RELIABILITY PROG. Maine; $200M+; 4-year project 210 miles of 345kV & 115kV transm. line CENTRAL 70 TRANSPORT
Slide 7: Business Segment Update: Transmission & Distribution
7 • LTM revenue of $1.90B as of June 30, 2025 • Backlog of $927M as of June 30, 2025* • Strong, long-standing relationships with a diverse customer base where approximately 60% of business is performed under Master Service Agreements • Acquired the Powerline Plus Companies in January 2022 BUSINESS S
Slide 8: T&D Market Outlook: Strong Long-Term Drivers
8Source: The C Three Group/Yes Energy, North American Electric Distribution Market Forecast, October 2024 “IOU spend increased a record 18.6% in 2023 fueled by inflation, resiliency spend, and customer growth.” U.S. and Canadian Electric Distribution Actual and Forecasted Capital Expenditures STRONG
Slide 9: Business Segment Update: Commercial & Industrial
9 • LTM revenue of $1.55 billion as of June 30, 2025 • Backlog of $1.72B as of June 30, 2025 • Growth in our core markets is driven by increasing investments in data centers, transportation, clean energy, and healthcare, as well as reshoring of manufacturing, and we remain well diversified across ou
Slide 10: C&I Market Outlook: Strong, Diverse Core Markets
10 Data Centers Airport Projects Transportation Healthcare Clean Energy, Storage & EV Charging E-Commerce Water/Wastewater Facilities Industrial Facilities MYR GROUP CORE C&I MARKETS STRONG, DIVERSE CORE MARKETS C&I MARKET OUTLOOK. • FMI anticipates 1% growth of the engineering and construction indu
Slide 11: Data Center Market Expansion
11 MARKET OPPORTUNITIES FOR BOTH T&D AND C&I DATA CENTER MARKET EXPANSION. AI Driven Demand Increased Cloud Services Greater Data Storage Needs Deceleration of Power Efficiency Gains Crypto Mining Operations DATA CENTER DRIVERS DATA CENTERS DRIVING INCREMENTAL INFRASTRUCTURE INVESTMENT C Three’s 202
Slide 12: Clean Energy Generation Mix
12 MARKET OPPORTUNITIES FOR BOTH T&D AND C&I CLEAN ENERGY GENERATION MIX. New Generation to Support Load Growth Renewable Portfolio Standards State Tax Incentives Federal Tax Credits Clean Power Portfolios Customer Demand for Clean Power CLEAN ENERGY DRIVERS UTILITY-SCALE SOLAR INSTALLATIONS AND FOR
Slide 13: Clean Energy Transformation Partner
13 We don’t just create connections that empower people – we create connections that help our partners achieve their energy goals. CLEAN ENERGY TRANSFORMATION PARTNER.
Slide 14: Building a Sustainable Future with Corporate Responsibility
14 BUILDING A SUSTAINABLE FUTURE WITH CORPORATE RESPONSIBILITY. VIEW REPORT Policy & Guidance - Established corporate policies - Promote honest and ethical conduct - Develop employee awareness and compliance Equity & Inclusion - 43% racially/ethnically/gender diverse Board of Directors - Established
Slide 15: Delivering Strong Returns: Dividend-Adjusted Stock Return
15 MYRG - CAGR 36.79% EME - CAGR 39.85% PWR - CAGR 50.10% MTZ - CAGR 19.61% DY - CAGR 35.03% -200.0% 0.0% 200.0% 400.0% 600.0% 800.0% 1000.0% Dividend-Adjusted Stock Return (01/02/2020 - 06/30/2025) MYRG Div.-Adj. Return EME Div.-Adj. Return PWR Div.-Adj. Return MTZ Div.-Adj. Return DY Div. Adj.-Ret
Slide 16: Q2 2025 Results and Financial Snapshot
16 Q2 2025 RESULTS $26.5M Net Income or $1.70 Per Diluted Share $2.64B Backlog $900.3M Revenue Our second quarter performance resulted in quarterly revenues of $900 million and backlog of $2.64 billion with net income, consolidated gross profit, gross margin and EBITDA all increasing compared to the
Slide 17: Balance Sheet Strength
17 41.2% 15.0% 12.4% 11.8% 6.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% EME DY MYRG PWR MTZ 3-Year Average ROIC WELL-POSITIONED TO SUPPORT ADDITIONAL GROWTH BALANCE SHEET STRENGTH. Source: S&P Capital IQ MYR, PWR, MTZ, and EME 3-year period is June 2022 – June 2025 DY 3-year period
Slide 18: Financial Performance
18 $132.4 $164.2 $175.8 $188.2 $117.8 $188.4 $- $50 $100 $150 $200 $250 2020 2021 2022 2023 2024 06/30/25 LTM M ill io n s EBITDA * EBITDA 8.2% CAGR DEMONSTRATES STRONG, LONG-TERM EXECUTION FINANCIAL PERFORMANCE. * For reconciliation of EBITDA to net income, see page 20 QTR YEAR $2,247 $2,498 $3,009
Slide 19: Executives & Board of Directors
19 EXECUTIVE LEADERSHIP Rick Swartz, CEO MYRG: 42 years Industry: 42 years 20 Years EXECUTIVES AVERAGE: With MYR Group MYR Group Inc. has a strong team of experienced leaders that make up our executive team and Board of Directors. We believe diversity of our leadership is a critical component of cre
Slide 20: Creating Shareholder Value
20 CREATING SHAREHOLDER VALUE. Identify and evaluate strategic opportunities in the U.S. and Canada that achieve long-term growth objectives and leverage our core capabilities Focus on acquisitions that meet clear, long-term return thresholds and are compatible with MYR Group’s values and culture Fo
Slide 21: EBITDA and Free Cash Flow Reconciliation
21 Note: LTM diluted weighted average shares outstanding were determined by adding the average shares reported for the last four quarters and dividing by four. EBITDA is not recognized under GAAP and does not purport to be an alternative to net income as a measure of operating performance or to net
Slide 22: Investor Relations Contact
22 JENNIFER HARPER MYR Group Inc., Vice President, Investor Relations and Treasurer Investorinfo@myrgroup.com NASDAQ: MYRG 12121 Grant Street, Suite 610 Thornton, CO 80241 Investorinfo@myrgroup.com HEADQUARTERS myrgroup.com