Tutor Perini Corporation · NYSE:TPC
Tutor Perini — Investor Presentation (February 2026)
17 slides from Tutor Perini's investor presentation, February 2026
Slide 1: Investor Presentation February 2026
Investor Presentation February 2026 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 ❑ United Kingdom ❑ Uruguay ❑ 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 ➢ Los Angeles MTA Purple Line Sections 2 & 3 (JV) – $3.77B ➢ Manhattan Jail, NY (JV) – $3.76B ➢ Brooklyn Jail, NY – $2.96B ➢ Midtown Bus Terminal Replacem
Slide 6: Segment Overview
Segment Overview (2025 financials; backlog as of year-end 2025) A Leading Construction Services Firm Revenue: $5.5B Q4-25 Backlog: $20.6B. FY25 Book-to-Burn: 1.34x ---------------------------------------- Segments ------------------------------------------- Civil Building Specialty Contractors Reven
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 (12% to 15% margin expected in
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 (Q4 2025)
Financial Highlights (Q4 2025) ∆ from ∆ from Q4-25 FY2025 Q4-24 FY2024 $1.51B $5.54B Revenue (highest quarterly +41.2% +28.1% (new annual record) revenue ever) up from a loss of Operating Income $50.1M up from a loss of ($86.2M) $232.0M ($103.8M) Operating Margin 3.3% up from -8.1% 4.2% up from -2.4
Slide 13: Near-Record $20.6B Backlog at Q4-25
Near-Record $20.6B Backlog at Q4-25 Expected to Drive Double-Digit Revenue and Earnings Growth in 2026 Backlog by Segment Backlog by Customer Specialty Contractors 15% $3.1B Private 14% State and $3.0B Building Local 36% Government $7.3B 78% Federal Civil $15.9B Gov't 8% 49% $1.7B $10.2B ✓ Backlog u
Slide 14: 2026 Guidance
2026 Guidance (as of February 26, 2026) FY26 Guidance* Adjusted EPS** $4.90 - $5.30 (Adjusted EPS for 2026 will exclude the impact of share-based compensation expense, net of related tax benefit, as well as certain pension settlement, debt extinguishment and refinancing costs, net of tax, which are
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 ➢ Near-record
Slide 16: Appendix – Non-GAAP Financial Measures
Appendix – Non-GAAP Financial Measures To supplement our audited 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 com
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