Sterling Infrastructure, Inc. · NASDAQ:STRL
Sterling Infrastructure — Sterling Construction — Merger or Acquisition (November 2007)
7 slides from Sterling Infrastructure's merger presentation, Nov 1, 2007
Slide 1: Sterling Acquires Road and Highway Builders, LLC
EXHIBIT 99.2 NasdaqGS: STRL Acquires Road and Highway Builders, LLC Conference Call Thursday, November 1, 2007 4:30 ET/ 3:30 CT 706-679-0858 >
Slide 2: Forward Looking Statements
Forward Looking Statements This slide presentation includes certain statements that fall within the definition of "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties, including overall economic and market
Slide 3: Road and Highway Builders Overview
Road and Highway Builders Overview § § Headquartered in Reno, Nevada § Long-term aggregates quarry lease near Carson City Projects throughout Nevada § § Heavy civil construction of public works projects § Roads Highways § Owned 50% by Mr. Rich Buenting, CEO of RHB and 50% by Fisher Sand & Gravel Co.
Slide 4: Transaction Rationale
Transaction Rationale § Expands Sterling’s footprint into attractive western market with solid long-term growth prospects in Nevada and adjacent markets. § Proven management team with strong incentives to continue and expand RHB’s success § Expands service lines into aggregates and construction mate
Slide 5: Transaction Overview
Transaction Overview Structure • Purchase of 91.67% equity interest in Road and Highway Builders (“RHB”) – Remaining 8.33% retained by RHB’s continuing CEO subject to a put/call more fully described below Consideration • $53 million, comprised of – $52 million in cash – $1 million in Sterling common
Slide 6: Use of EBITDA & Regulation G Reconciliation
Use of EBITDA & Regulation G Reconciliation This presentation contains references to EBITDA, a non-GAAP financial measure that complies with federal securities regulations when it is defined as net income (the most directly comparable GAAP financial measure) before interest, taxes, depreciation and
Slide 7: Acquires Road and Highway Builders, LLC
NasdaqGS: STRL Acquires Road and Highway Builders, LLC Conference Call Thursday, November 1, 2007 4:30 ET/ 3:30 CT 706-679-0858
Sterling Construction — Merger or Acquisition (November 2007) on 6ix