Granite Construction Incorporated · NYSE:GVA
Granite Construction — Q3 2015 Earnings Presentation
16 slides from Granite Construction's earnings presentation, November 2015
Slide 1: 2015 Investor Update, Third Quarter – November 2015
2015 INVESTOR UPDATE Third Quarter – November 2015 Coalinga, CA
Slide 2: Safe Harbor
SAFE HARBOR Statements made in this presentation are not based on historical facts, including statements regarding future events, occurrences, circumstances, activities, performance, outcomes and results, that may be forward looking in nature. Under the Private Securities Litigation Reform Act of 19
Slide 3: Vision: one of America's leading infrastructure companies
VISION To be one of America's leading infrastructure companies Proud to be one of the World’s Most Ethical Companies 6 years in a row 3
Slide 4: Construction Industry Sustainability Leader
CONSTRUCTION INDUSTRY SUSTAINABILITY LEADER Commitment to: Safety & Health Compliance & Ethics Community Employees Environment Sustainable Infrastructure Quality 4
Slide 5: Revenue, Gross Profit, SG&A
REVENUE GROSS PROFIT SG&A $751M Total Company $101M Total Company $50M Total Company $101 $751 $56 $720 $80 $590 $569 $66 $52 $67 $50 $420 $49 $40 13.5% 11.6% 13.4% $47 9.3% 9.5% Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 In millions; percentages repres
Slide 6: Net Income, EPS, Cash
NET INCOME* EPS* CASH* $31M Total Company $0.77 $310M As of 9/30/2015 $358 $339 $310 $269 $276 $0.77 $31 $0.38 $0.43 $15 $17 $10 $0.24 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 ($9) ($0.22) * Net Income, Cash & Marketable Securities in millions. Dilute
Slide 7: Backlog $3.1B
BACKLOG $3.1B Total Company $3.1B $3.0B $3.0B $2.9B $2.7B Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 In billions 7 SouthEast Connector | Reno, NV
Slide 8: Funding and Market Trends
FUNDING AND MARKET TRENDS State & Federal Geography End Market Local P3s Strategy Public & Private Private State actions, steady economic improvement spur opportunities; Federal highway bill remains incremental 8
Slide 9: Large Projects $16B
San Clemente Dam | Carmel Valley, CA LARGE PROJECTS $16B In Large Projects to Bid Through 2016 Cal Am Desal Conveyance California Grand Central Terminal New York Loop 202 South Mountain Freeway Arizona Finegayan Utilities Guam Maline Creek CSO Tunnel Missouri USA Parkway Nevada Northeast Boundary Tu
Slide 10: Construction >$450M
CONSTRUCTION >$450M In Construction Projects to Bid through December Dalton Hwy Reconstruction Anchorage Highway 140 Ferguson | Yosemite, CA N. Valleys Integration Main Reno Installation Illinois River Bridge – Kenny Civil Spring Valley Bunker Hill CTP-Federal Seattle Europa Vineyard Estates San Die
Slide 11: Executing on Strategic Plan
EXECUTING ON STRATEGIC PLAN OPTIMIZE GROW OUR OUR LARGE BUSINESS PROJECTS BUSINESS TRANSFORM GROW & GROW OUR THROUGH VERTICALLY DIVERSIFICATION INTEGRATED BUSINESSS 11
Slide 12: Appendix
Appendix Note: The reader is cautioned that any non-GAAP financial measures provided by the Company are provided in addition to, and not as alternatives for, the Company's reported results prepared in accordance with GAAP. Items that may have a significant impact on the Company's financial position,
Slide 13: Revenue, Gross Profit, SG&A (2010-2014)
REVENUE GROSS PROFIT SG&A $2.3B Total Company $250M Total Company $204M Total Company $2.3 $2.3 $250 $248 $2.1 $235 $204 $200 $2.0 $185 $192 $1.8 $185 $162 $178 11% 8% 9% 9% 9% 10% 12% 11% 8% 11% 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 In millions. Years ended Dece
Slide 14: Net Income, EPS, Cash (2010-2014)
NET INCOME* EPS* CASH* $25M In FY 2014 $0.64 In FY 2014 $358M As of 12/31/2014 $433 $396 $407 $358 $346 $1.31 $1.15 $51 $45 $25 $0.64 2010 2011 2011 2012 2012 2013 2014 2014 2010 2011 2011 2012 2012 2013 2014 2014 ($36) ($0.94) 2010 2011 2012 2013 2014 ($59) ($1.56) * Years ended December 31; Net In
Slide 15: EBITDA
EBITDA GRANITE CONSTRUCTION INCORPORATED EBITDA(1) (Unaudited - dollars in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Net income attributable to Granite Construction Incorporated $ 30,759 $ 15,282 $ 31,812 $ 8,370 (2) Depreciation, depletion and a
Slide 16: Investor Update – Investor Relations Contact
2015 INVESTOR Ron Botoff Director of Investor Relations O: (831) 728-7532 E: ronald.botoff@gcinc.com UPDATE Third Quarter – November 2015 Fremont Ave. Bridge | Coastal Region, CA