Granite Construction Incorporated · NYSE:GVA
Granite Construction — Q1 2023 Earnings Presentation
10 slides from Granite Construction's earnings presentation, May 2, 2023
Slide 1: Q1 2023 Earnings Presentation
Granite Construction Q1 2023 Earnings Presentation © 2023 Granite Construction. All Rights Reserved.
Slide 2: Safe Harbor
Safe Harbor Any statements contained in this presentation expectations regarding future events, Form 10-Q. that are not based on historical facts, including occurrences, circumstances, opportunities, statements regarding future events, occurrences, targets, activities, performance, growth, demand, D
Slide 3: Construction Segment
Total Company Construction Segment • Total CAP of $5.1billion, up $619 million or 14% sequentially and an increase of 30% year-over-year CAP by Group $1,028 , $1,431 , $1,750 , 34% California Group 26% 36% $1,440 , 28% • Total CAP of $1.9 billion, up $167 million or 10% sequentially and an Q1 Q1 inc
Slide 4: Materials Segment
Materials Materials Segment Segment Revenue by Product* Revenue by Group • Two bolt-on materials transactions completed in 2023 3% o Brunswick supporting the Nevada region 20% o Coast Mountain Resources supporting the Pacific Northwest region 42% Q1’23 55% Q1’23 53% 27% • Inclement weather significa
Slide 5: Q1 2023 Results
Q1 2023 Results Total Revenue $560 M Construction Revenue $503 M Materials Revenue $57 M Adjusted Net Loss $18 M Lost Hills Pedestrian Bridge Lost Hills, CA Adjusted Diluted EPS $(0.41) Q1 2023 Highlights Adjusted EBITDA Comparable construction revenue, which excludes Inliner, down with Central Grou
Slide 6: Concluding Remarks
Concluding Remarks • Record CAP of $5.1 billion as of the end of Q1 • Public market environment supported the accelerating benefit of the IIJA • Guidance unchanged in 2023 including: ▪ Revenue of $3.4 billion to $3.6 billion ▪ Adjusted EBITDA margin of 7.5% to 9.0% • Bolt-on materials acquisitions c
Slide 7: Thank you. Questions?
Thank you. Questions? © 2023 Granite Construction. All Rights Reserved.
Slide 8: Appendix
Appendix The tables below contain financial information • Other costs, net; The methods used by the Company to calculate calculated other than in accordance with U.S. its non-GAAP financial measures may differ generally accepted accounting principles (“U.S. • Transaction cost which includes intangib
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