Tutor Perini Corporation · NYSE:TPC
Tutor Perini — Investor Presentation (August 2025)
17 slides from Tutor Perini's investor presentation, August 2025
Slide 1: Investor Presentation August 2025
Investor Presentation August 2025 I-74 Mississippi River Bridge, Bettendorf, IA – Moline, IL
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 • Substantially increased infrastructure spending already underway, significantly boo
Slide 4: Diverse Geographic Footprint
Diverse Geographic Footprint Other international projects in: ❑ Canada ❑ Uruguay ❑ Middle East ❑ Indo-Pacific 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; Newark Terminal A recently completed) ➢ California High-Speed Rail (JV) – $3.9B ➢ Manhattan Jail, NY (JV) – $3.76B ➢ Los Angeles MTA Purple Line Sections 2 & 3 (JV) – $3.7B ➢ Brooklyn Jail, NY – $2.96B ➢ Midtown Bus Terminal Replaceme
Slide 6: Segment Overview
Segment Overview (Revenue figures are LTM through Q2-25; backlog as of quarter-end) A Leading Construction Services Firm Revenue: $4.8B Q2-25 Backlog: $21.1B (new record); Q2-25 Book-to-Burn: 2.2x ---------------------------------------- Segments ------------------------------------------- Civil Bui
Slide 7: Civil Segment Drives TPC's Profitability
Civil Segment Drives TPC’s Profitability ◼ Construction and rehabilitation of critical infrastructure, including mass-transit Focused on Large and Highly Visible Projects systems, highways, bridges, tunnels and military defense facilities ◼ TPC’s highest-margin segment (historically 8% to 12% segmen
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 ◼ Strong customer relationships and end market expertise ◼ Le
Slide 9: Specialty Contractors Segment
Specialty Contractors Segment ◼ One of the largest electrical contractors Specialty Contractors Success Drivers in New York City ◼ Strong electrical and mechanical proficiencies ◼ Work in California and the Northeast largely driven by substantial work being performed for the Civil and Building group
Slide 10: Vertical Integration: A Competitive Advantage
Vertical Integration: A Competitive Advantage Integrated civil, building and specialty service capabilities provide: • Greater schedule control • Increased price visibility • Collaborative bidding approach LAMTA Purple Line Sections 2 & 3 Tunnels, Stations, & Systems Los Angeles, CA PROJECT VALUE: $
Slide 11: Core Strengths Provide Significant Advantages
Core Strengths Provide Significant Advantages Strengths Advantages ➢ Cost estimating ➢ Self-perform capabilities ➢ Greater project cost and schedule certainty ➢ Diverse and extensive construction experience – Civil, Building, and Specialty Contractors ➢ Durable competitive advantage ➢ Project select
Slide 12: Financial Highlights (Q2 2025)
Financial Highlights (Q2 2025) ∆ ∆ Q2-25 1H25 from Q2-24 from 1H24 Revenue $1.37B +21.8% $2.62B +20.4% Operating Income $76.4M +88.7% $141.8M +58.7% Operating Margin 5.6% +200 bps 5.4% +130 bps GAAP EPS $0.38 +1,800% $0.90 +190.3% Adjusted EPS* $1.41 +314.7% $2.06 +182.2% Operating Cash Flow $262.4M
Slide 13: Record $21.1B Backlog at Q2-25
Record $21.1B Backlog at Q2-25 Expected to Drive Strong Revenue Growth and Profitability Over Next Several Years Civil and Specialty Contractors Backlog by Customer Segments at Record Backlog Specialty Contractors 14% $3.0B Private Building 15% State and Local 33% $3.2B Government $6.9B 77% $16.2B F
Slide 14: Increased Guidance
Increased Guidance (as of August 6, 2025) FY25 Guidance EPS Range* GAAP EPS $1.70 - $2.00 (up from prior GAAP EPS guidance of $1.60 to $1.95) Adjusted EPS** $3.65 - $3.95 (Adjusted EPS excludes impact of share-based compensation expense, net of related tax benefit) * Assumptions: ➢ General and admin
Slide 15: Why Invest in Tutor Perini?
Why Invest in Tutor Perini? ➢ Market leader with strong résumé of successfully completed projects ➢ Well-positioned to benefit from years of pent-up demand and substantial new investments on U.S. infrastructure projects, particularly supported by the $1.2T Bipartisan Infrastructure Law ➢ Record back
Slide 16: Appendix – Non-GAAP Financial Measures
Appendix – Non-GAAP Financial Measures To supplement our unaudited condensed consolidated financial statements presented under GAAP, we are presenting Adjusted EPS, which is a non-GAAP financial measure. This non- GAAP financial measure is intended to provide additional insight that facilitates the
Slide 17: Contact: Jorge Casado, Senior Vice President, Investor Relations
Contact: Jorge Casado Senior Vice President, Investor Relations (818) 408-5746 Jorge.Casado@tutorperini.com 17