Slide 1: Corporate Presentation May 2015
Corporate Presentation May 2015 NYSE: MTZ
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements are based on management’s current expectations and are subject to a number of risks, uncertainties, and assumptions, including market condi
Slide 3: Company Overview
Company Overview MasTec is a leading infrastructure construction company operating mainly throughout North America Consistently ranked among the top specialty contractors by Engineering News-Record – ranked #3 in 2012, 2013 and 2014 Activities include the engineering, building, installation, mai
Slide 4: Transformation Into Higher Growth-Higher Margin Segments
Transformation Into Higher Growth-Higher Margin Segments 2007 Segments-$0.9 Billion Revenue 2014 Segments-$4.6 Billion Revenue(1) Other Oil & Gas Communications Diversification and Communications Organic Growth Electrical Transmission Power Gen Electrical & Industrial Transmission Largest Customer 4
Slide 5: Double-Digit Revenue Growth
Double-Digit Revenue Growth $5.0 $4.6 $4.4 $4.3 Q1-15 YTD ~21% CAGR for Revenue Mix $4.0 2007-2015E $3.7 In Billions $3.0 $2.8 Project Preliminary (2) MSA(1) Guidance (3) $2.1 work 52% $2.0 48% $1.5 $1.3 $0.9 $1.0 $0.0 2007 2008 2009 2010 2011 2012 2013 2014P 2014E Notes: (1) Master Service Agreemen
Slide 6: Strong Adjusted EBITDA Growth
Strong Adjusted EBITDA Growth(1) $449 $450 $425 $425 $400 ~28% CAGR for $350 2007-2015E $336 $300 In Millions $249 Preliminary (2) Guidance (3) $250 $204 $200 $150 $127 $89 $100 $59 $50 $0 Notes: 2007 2008 2009 2010 2011 2012 2013 2014P 2015E (1) Continuing operations (2) Preliminary, subject to aud
Slide 7: Expanding Adjusted EBITDA Margins
Expanding Adjusted EBITDA Margins(1) 12.0% 10.4% 9.7% 9.5% 10.0% 9.2% 8.8% 9.0% 8.5% 8.0% 7.1% 6.3% Preliminary (2) Guidance (3) 6.0% 4.0% 2.0% 0.0% 2007 2008 2009 2010 2011 2012 2013 2014P 2015E Notes: (1) Continuing operations (2) Preliminary, subject to audit conclusion and 10-K filing 7 (3) See
Slide 8: Key Growth Drivers
Key Growth Drivers North American Oil, Gas and Liquids pipelines and facilities Long-haul pipeline award surge expected in late 2015 or early 2016 North American shale basins continuing need for more infrastructure Mexico is an additional area of gas & oil development and infrastructure, with
Slide 9: MasTec Oil & Gas Segment Continues Strong Growth
MasTec Oil & Gas Segment Continues Strong Growth 2014 Revenue(1) increased 6% to $1.7 billion vs. Revenue from Oil & Gas ($ in millions) 2013 The Company has a balanced portfolio of 71% CAGR $1,733 2008 through 2014 $1,629 gathering line, mid-stream, long-haul interstate pipeline and related facilit
Slide 10: Growth Opportunity: Expansion in Mexico
Growth Opportunity: Expansion in Mexico MasTec has a small presence in Mexico today, providing wireless infrastructure services Due to recent energy regulation reforms in Mexico and the US shale gas boom, oil and gas infrastructure investment is forecasted to expand significantly In December 2013, M
Slide 11: The Mexican Natural Gas Pipeline Opportunity is Developing
The Mexican Natural Gas Pipeline Opportunity is Developing Plan 2028 Electrical Power Expansion (2) Planned Combined Cycle Power Plants Recent MasTec Wins Mexican Gas Pipelines (1) Existing First Phase Planned by CFE First Phase Planned by Pemex Sources: (1) Mexico Shale Gas Review, July 12, 2014, C
Slide 12: MasTec is Well Positioned in Electrical Transmission
MasTec is Well Positioned in Electrical Transmission MasTec Revenue from Electrical Forecasted North American Awards Transmission For Transmission Spending 90% CAGR $474 $429 $27.7 $30.1 2009 through 2014 $22.2 $24.2 $25.2 $ in billions $ in millions $312 $16.4 $198 $67 $19 2011E 2012E 2013E 2014E 2
Slide 13: Communications-Growth in Wireless
Communications-Growth in Wireless Global Mobile Data Traffic, 2014 to 2019 24.3 (Exabytes per Month) 16.1 57% CAGR 2014 through 2019 10.7 6.8 4.2 2.5 2014 2015 2016 2017 2018 2019 Source: Cisco Visual Networking Index: Global Mobile Data Traffic Forecast Update, 2014-2019, February 3, 2015 $883MM
Slide 14: Communications-Growth in 1-Gigabit Fiber
Communications-Growth in 1-Gigabit Fiber New 1 Gigabit Fiber-to-the-home initiative 1-Gigabit Fiber Planned Deployments (1) moving forward in multiple cities.(2) Google announced up to 12 metro markets AT&T announced up to 25 metro markets CenturyLink announced 16 metro markets More carrie
Slide 15: Communications Growth - Install-to-the-Home
Communications Growth - Install-to-the-Home MasTec’s DIRECTV Offerings MasTec’s DIRECTV/AT&T Footprint Exclusive install-to-the-home provider for DIRECTV in all markets MasTec serves High revenue visibility through Master Service Agreement Over ~60% of truck rolls relate to maintenance and upgrades
Slide 16: Power Generation & Industrial
Power Generation & Industrial EBITDA was much improved in 2014(1), but still single digit margin Greatest Market Challenge - uncertainty surrounding extension of the production tax credit (“PTC”) in 2016 and beyond PTC was extended in early 2013, which prompted utilities/developers to increase plans
Slide 17: Growth Opportunity Through Bolt-On Acquisitions
Growth Opportunity Through Bolt-On Acquisitions In addition to organic growth opportunities from MasTec’s position in each of its key end markets, the Company has a proven track record of growth via M&A Focus has shifted from new market entry acquisitions to tuck-in acquisitions generally within exi
Slide 18: Liquidity and Capital Structure
Liquidity and Capital Structure Principal MasTec, Inc. Liquidity and capital structure Balance Rate Maturity Debt Summary - as of March 31, 2015 (2) (In 000s) are in excellent shape today Expanded credit facility in 2014 Revolving Credit Facility $ 303,500 2.52% (1) October 2018 from $750MM to $1B i
Slide 19: MasTec, Inc. Investor Relations Contact
MasTec, Inc. 800 S. Douglas Road, 12th Floor Coral Gables, FL 33134 J. Marc Lewis Vice President-Investor Relations (305) 406-1815 (305) 406-1886 fax marc.lewis@mastec.com www.mastec.com 19
Slide 20: Appendix
Appendix 20
Slide 21: Communications: End-to-End Services
Communications: End-to-End Services 21
Slide 22: Power Generation, Electrical, Renewables & Heavy Industrial: End-to-End Services
Power Generation, Electrical, Renewables & Heavy Industrial: End-to-End Services 22
Slide 23: Gas Pipelines: End-to-End Services
Gas Pipelines: End-to-End Services 23
Slide 24: North American Oil & Gas Production is Changing the Game
North American Oil & Gas Production is Changing the Game 24
Slide 25: Reg. G EBITDA Margin – Continuing Operations
Reg. G EBITDA Margin – Continuing Operations(1)(2) EBITDA and Adjusted EBITDA Reconciliation 2007 % margin 2008 % margin 2009 % margin 2010 % margin 2011 (4) % margin 2012 % margin 2013 % margin 2014P(3) % margin 2015E(4) % margin Revenue $ 932.4 $ 1,250.8 $ 1,482.1 $ 2,143.0 $ 2,831.3 $ 3,726.8 $ 4