Slide 1: Granite Construction Q2 2023 Earnings Presentation
Granite Construction Q2 2023 Earnings Presentation © 2023 Granite Construction. All Rights Reserved.
Slide 2: Safe Harbor
Safe Harbor Any statements contained in this presentation judgment of senior management and reflect our particularly those described in our Annual that are not based on historical facts, including current expectations regarding future events, Report on Form 10-K and Quarterly Reports on statements r
Slide 3: Construction Segment
Construction Segment Total Company CAP by Group • Total CAP of $5.4 billion, up $334 million or 6.5% sequentially and an increase of 29% YOY $1,065 , $1,519 , $1,492 , $1,600 , 25% 36% 28% 29% California Group Q2 Q2 2022 2023 • Total CAP of $2.3 billion, up $432 million or 23% sequentially and an in
Slide 4: Materials Segment
Materials Materials Segment Segment Revenue by Product* Revenue by Group • Volumes rebounded from a wet first quarter o Q2 asphalt volumes flat YOY 2% o Q2 aggregate volumes up 9% YOY led by increases in 12% California, Alaska and Nevada 33% YTD YTD 52% 2023 65% 36% 2023 • Price increases in both as
Slide 5: Q2 2023 Results
Q2 2023 Results Total Revenue $899 M Construction Revenue $749 M Materials Revenue $149 M Adjusted Net Income $46 M Laguna Seca Raceway Pedestrian Bridge Monterey, CA Adjusted Diluted EPS $1.03 Q2 2023 Highlights Adjusted EBITDA • Revenue increased $50 million YOY led by the California and Mountain
Slide 6: Concluding Remarks
Concluding Remarks • Record CAP of $5.4 billion as of the end of Q2 • Public market environment supported the accelerating benefit of the IIJA • Construction segment moving towards 2024 financial targets • Strong materials market and focus to invest in the materials business • Strong performance by
Slide 7: Thank you. Questions?
Thank you. Questions? © 2023 Granite Construction. All Rights Reserved.
Slide 8: Appendix
Appendix The tables below contain financial information measures, to indicate the impact of the financial measures. The methods used by the calculated other than in accordance with U.S. following: Company to calculate its non-GAAP financial generally accepted accounting principles • Other costs, net
Slide 9: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation © 2023 Granite Construction. All Rights Reserved. 9
Slide 10: Adjusted NI Reconciliation
Adjusted NI Reconciliation © 2023 Granite Construction. All Rights Reserved. 10