Tutor Perini Corporation · NYSE:TPC
Tutor Perini — Investor Presentation (August 2023)
14 slides from Tutor Perini's investor presentation, August 2023
Slide 1: Investor Presentation August 2023
Investor Presentation August 2023 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 • Increased infrastructure spending has already begun and is expected to be Tutor Per
Slide 4: Diverse Geographic Footprint
Diverse Geographic Footprint 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) ➢ Various New York MTA East Side Access Projects – $3.4B ➢ Los Angeles MTA Purple Line Sections 2 & 3 (JV) – $3.3B ➢ California High-Speed Rail (JV) – $3.2B ➢ Newark Airport Terminal One, NJ (JV) – $1.6B ➢ San Francisco MTA Central Su
Slide 6: Segment Overview
Segment Overview (revenues LTM through Q2-23; backlog as of quarter-end)) A Leading Construction Services Firm Revenue: $3.8B Q2-23 Backlog: $10.9B ---------------------------------------- Segments ------------------------------------------- Civil Building Specialty Contractors Revenue: $1.8B Revenu
Slide 7: Civil Segment Drives TPC's Profitability
Civil Segment Drives TPC’s Profitability ◼ Construction and rehabilitation of critical infrastructure, including highways, bridges, Focused on Large and Highly Visible Projects tunnels, mass-transit systems and military defense facilities ◼ TPC’s highest-margin segment (targeting 10% to 12% segment
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 — Significant volume of prospective projects, especially in C
Slide 9: Specialty Contractors Segment
Specialty Contractors Segment Specialty Contractors Success Drivers ◼ One of the largest electrical contractors 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 (approximate values) Example Projects: LAMTA Purple Line Sections 2 & 3 Tunnels, stations and systems Los Angeles, CA Project value: $3.7B SFMTA Central Subway Underground stations, tracks and systems San Francisco, CA Project value: $1.2B New York MTA E
Slide 11: Core Strengths Provide Significant Benefits
Core Strengths Provide Significant Benefits Core Strengths Benefits Realized ➢ Cost estimating ➢ Greater project cost and schedule ➢ Self-perform capabilities certainty ➢ Diverse construction experience – Civil, ➢ Durable competitive advantage Building and Specialty Contractors ➢ Higher profit margi
Slide 12: Backlog of $10.9B at Q2-23, up 27% Y/Y
Backlog of $10.9B at Q2-23, up 27% Y/Y Provides Good Revenue Visibility Backlog by Segment Backlog by Customer Specialty Contractors 17% $1.8B Private State and Local 20% Building Government $2.2B 41% Civil 69% $4.5B 42% $7.5B $4.6B Federal Gov't 11% $1.2B Large pipeline of prospective projects over
Slide 13: Why Invest in Tutor Perini?
Why Invest in Tutor Perini? ➢ Resilient to the effects of an economic downturn and managing effectively through current inflationary environment ➢ Market leader with strong résumé of successfully completed projects ➢ Well-positioned to benefit from years of pent-up demand and anticipated spending on
Slide 14: Contact: Jorge Casado Vice President, Investor Relations
Contact: Jorge Casado Vice President, Investor Relations (818) 408-5746 Jorge.Casado@tutorperini.com 15