Quanta Services, Inc. · NYSE:PWR
Quanta Services — Investor Day (March 2026)
87 slides from Quanta Services's investor day presentation, Mar 31, 2026
Slide 1: March 31st 2026 Investor Day
M AR C H 3 1 ST 2026 INVESTOR DAY
Slide 2: Welcome & Introduction
Welcome & Introduction Kip Rupp, CFA, IRC Vi c e P r e s i d e n t , I n ve s t o r R e l a t i o n s 2
Slide 3: Welcome And Introduction
+25% Welcome And Introduction 10-year Adjusted EPS CAGR QUANTA IS NORTH AMERICA’S PREMIER CRITICAL INFRASTRUCTURE SOLUTIONS PROVIDER – DELIVERING CERTAINTY $44.0B Total Backlog at Year-End 2025 Industry leading Best-in-class safety High-performance, operating model and training programs collaborativ
Slide 4: Agenda
Agenda 1 Welcome And Introduction DUKE AUSTIN 2 A Decade Of Execution Driven By Absolute Performance President & Chief Executive Officer 25 Years with Quanta Services 3 Delivering Speed And Certainty - The Power Of Our Compounding Model Capitalizing On Dynamic And Durable Markets Through 4 Our Compo
Slide 5: Notice To Investors
Notice To Investors This presentation (and oral statements regarding the subject matter of this presentation) includes forward-looking statements intended to qualify under the “safe harbor” from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking stat
Slide 6: Investor Day
M AR C H 3 1 ST 2026 INVESTOR DAY
Slide 7: A Decade Of Execution Driven By Absolute Performance
A Decade Of Execution Driven By Absolute Performance DUKE AUSTIN P r e s i d e n t & C h i e f E xe c u t i ve O ff i c e r 7
Slide 8: Driven By Absolute Performance
Driven By Absolute Performance A STEADFAST COMMITMENT TO DELIVER SUCCESS - WITHOUT EXCEPTION We execute with precision, uphold every promise, and consistently operate above the standard. Our mission is to exceed expectations by going beyond the job at hand, creating value through relentless dedicati
Slide 9: What You Will Hear About Today
1 Established long-term track record of operational excellence, accretive capital deployment and consistently compounding profitable growth Differentiated operating model centered around 2 our craft workforce, our execution certainty, our competitive moat, and our financial strength, What You result
Slide 10: Executing On Our Strategic Initiatives
Executing On Our Strategic Initiatives QUANTA HAS A HISTORY OF ACHIEVING AND EXCEEDING AMBITIOUS GROWTH ASPIRATIONS Expect to exceed high-end of our ’22 Investor Day goal 23% Adjusted EPS CAGR Over the last five years, Quanta has $13.00 $12.00 strengthened $10.75 its portfolio and $9.50 unique custo
Slide 11: Delivered On Our 2022 Investor Day Targets A Year Ahead Of Schedule
Delivered On Our 2022 Investor Day Targets A Year Ahead Of Schedule 2022 Investor Day Targets (2022-2026) ACTUAL 2022-2025 5%-8% Organic Revenue4 CAGR 9.9% Double Digit Adjusted EBITDA4 Margins 10.1% Adj. EPS4 Growth > Than Revenue Growth +60 bps Double Digit ROIC4 12.0% Aggregate Free Cash Flow Gen
Slide 12: Consistent Long-Term Track Record Of Compounding Profitable Growth
Consistent Long-Term Track Record Of Compounding Profitable Growth Solutions-based and collaborative Portfolio approach 25% 19% 14% and diversity helps to mitigate risk Adjusted EPS¹ Adjusted EBITDA¹ Revenue 2015-2025 CAGR 2015-2025 CAGR 2015-2025 CAGR Unique customer delivery model 14% 316 bps 710
Slide 13: Confident In Our Ability To Achieve Our 2030 Targets
Confident In Our Ability To Achieve Our 2030 Targets VALUE DRIVERS Leverage Portfolio, People, Scope and Scale 7%-10% 10%-11% $21.60-$26.75 12%-15% Disciplined $10B-$12B Organic Adjusted 2030 Adjusted Target ROIC Acquisition Aggregate Free Revenue CAGR EBITDA Margins EPS Cash Flow Strategy 13
Slide 14: Delivering Speed And Certainty - The Power Of Our Compounding Model
Delivering Speed And Certainty - The Power Of Our Compounding Model DUKE AUSTIN P r e s i d e n t & C h i e f E xe c u t i ve O ff i c e r KARL STUDER P r e s i d e n t – E l e c t r i c P o we r 14
Slide 15: Unprecedented Demand For Craft Labor
Unprecedented Demand For Craft Labor Demand for Skilled Trade Workers Expected to Soar by 2030 Under High-Growth Scenario1 Structural Workers & Welders Demand for skilled trade workers is expected to Construction Laborers increase dramatically, Heavy Equipment Operators putting critical infrastructu
Slide 16: Our Craft Foundation Is Enhanced With Expanded Capabilities
Our Craft Foundation Is Enhanced With Expanded Capabilities That Differentiate Us In The Marketplace % of Total Project Scopes of Work Quanta’s Integrated Solutions CapEx¹ DIFFERENTIATED APPROACH TO <5% Environmental & Permitting CREATING SCHEDULE CERTAINTY ~5% Right-of-way Acquisition Coordinated,
Slide 17: Quanta’s Evolution To A Partner Providing Speed And Certainty
Quanta’s Evolution To A Partner Structural labor scarcity amplifies our competitive advantage Providing Speed And Certainty in craft-skilled workforce 1998 2008 2019 2025 2030 REVENUE $309M $3.8B $12.1B $28.5B EMPLOYEES 3.3K 14.8K 40.3K 69.5K Continued REVENUE/ Advancement $93K $256K $300K $410K EMP
Slide 18: Durable Model Delivering Speed And Certainty In A Rapidly Transforming World
Durable Model Delivering Speed And Certainty In A Rapidly Transforming World CONTRACTOR APPROACH THE QUANTA SOLUTION Customer identifies need for an No Intermediary 1 infrastructure project QUANTA HAS Quanta’s comprehensive solutions are construction-led from the outset, working ADVANCED AND collabo
Slide 19: Model To Deliver Speed And Certainty While Mitigating Risk
Model To Deliver Speed And Certainty While Mitigating Risk In A Rapidly Transforming World LABOR AND EQUIPMENT CERTAINTY Quanta’s deliberate evolution COST CERTAINTY into a solutions provider and CUSTOMER SUPPLY CHAIN CERTAINTY ability to deliver speed and certainty is a critical differentiator SCHE
Slide 20: Compounding Model Driving Sustainable Advantage And Success
Compounding Model Driving Sustainable Advantage And Success DEL MO SU N IO PP SIT LY CORE ACQUI CHA A critical part of our performance and success is driven by Quanta’s Compounding Model, the IN foundation of which is based on our relentless focus on people and dedication to craft labor CRAFT LABOR
Slide 21: Craft Labor And Culture
Craft Labor And Culture DEL MO SU N IO PP SIT LY CORE ACQUI CHA IN CRAFT LABOR & CULTURE N TE I S Karl Studer GR O N President – Electric Power ATED SOL UTI 21
Slide 22: Focused Strategy To Advance Our Craft Labor Differentiation
Focused Strategy To Advance Our Craft Labor Differentiation STRATEG IES ARE IN PLACE TO ADVANCE QUANTA’S ABILITY TO SCALE CRAFT LABOR CAPACITY, STRENGTHEN LEADERSHIP AND RECOGNIZE TOP TALENT ACROSS THE ORGANIZATION CULTURE CAPACITY CAPABILITY ACCELERATORS Contributes to Building a Developing Field-
Slide 23: Industry Leading Craft-Skilled Labor Innovation Spans Decades
Industry Leading Craft-Skilled Labor Innovation Spans Decades 1997 2015 2018 2021 Quanta Founded on Quanta Advanced Training Quanta Acquires Northwest Quanta Established Nationwide Craft Labor Access Center Established Lineman College Standard for Professional Identifies craft underinvestment 2,300-
Slide 24: Safety Is Integral To Our Culture
Safety Is Integral To Our Culture INNOVATIVE INVESTMENT DRIVING POSITIVE OUTCOMES FOR THE INDUSTRY The Capacity ModelTM Total Number of Automated Total Lives Saved (Including Public) “Stuff that Kills You” External Defibrillators Due to Deployed Automated At Quanta, safety is not (STKY) actual rate
Slide 25: Creating A Solution For Mental Health Challenges In The Construction Industry
Creating A Solution For Mental Health Challenges In The Construction Industry SUICIDE IS HAVING A SIGNIFICANT AND DISPROPORTIONATE IMPACT In 2025, Quanta established the MATES in Construction North America Pilot to add to the Suicide Prevention Learning Toolkit 5x Higher than all MATES in Constructi
Slide 26: Largest Craft-Skilled Workforce Is The Foundation For Growth And Opportunity
Largest Craft-Skilled Workforce Is The Foundation For Growth And Opportunity CAPACITY: Building a Workforce Faster CAPABILITY: Develop & Recognize Field-Based Leaders Hybrid Apprenticeship Programs Focus on General Year End Employee Count Foreman and Combine Time & Competency-Based Progression Super
Slide 27: Capabilities And Strategies Enabling Workforce Multiplier
Capabilities And Strategies Enabling Workforce Multiplier INTEGRATED FABRICATION SOLUTIONS, AI AND TECHNOLOGY INTEGRATION AMPLIFY CRAFT LABOR PRODUCTIVITY, REDUCE PROJECT EXECUTION RISK, AND STRENGTHEN OUR ABILITY TO DELIVER CERTAINTY AT SCALE Integrated Fabrication Solutions AI & Technology Applica
Slide 28: Labor Flexibility Enables Growth And Certainty
Labor Flexibility Enables Growth And Certainty CROSS-MARKET LABOR FLEXIBILITY ENABLES RAPID REDEPLOYMENT ACROSS END MARKETS Growth Utility Scale Battery Large Load Gas LABOR TYPE T&D Substations Solar Storage Center Generation Midstream Labor flexibility allows Quanta to scale rapidly into growing E
Slide 29: Capitalizing On Dynamic And Durable Markets Through Our Compounding Model
Capitalizing On Dynamic And Durable Markets Through Our Compounding Model DUKE AUSTIN P r e s i d e n t & C h i e f E xe c u t i ve O ff i c e r 29
Slide 30: Growing Electrification And Grid Modernization Demand Are Causing Complex Challenges
Growing Electrification And Grid Modernization Demand Are Causing Increasingly Complex Challenges INDUSTRY CHALLENGES Underinvestment Highly constrained grid Explosive load growth in craft labor and generation capacity not seen in decades Insufficient training pipelines and Interconnection backlog,
Slide 31: Significant Total Addressable Market Expansion Requires New Solutions
Significant Total Addressable Market 2026-2030 TAM (TAM) Expansion Requires New Solutions DRIVEN BY END MARKET GROWTH AND EXPANDED Estimated Total Addressable Market1 Per SOLUTIONS Sector, Cumulative 5 Year, $B 2,365 Quanta uniquely addresses an +140% estimated 1020 Growth across sectors +143% from
Slide 32: Utility Relationships Position Us As Leading Solutions Partner To ~$1.5 Trillion TAM
Our Utility Relationships Position Us As The Leading Solutions Partner To A ~$1.5 Trillion TAM Through 2030 Estimated Total Addressable Market1 across Utilities, 2026-2030, $B Aging infrastructure continues to drive ~1,500 sustained growth in utility capex Electrification and load growth Utility & G
Slide 33: Craft Resources And Utility Relationships Unlock Growth And TAM Expansion
Quanta’s Craft Resources And Utility Relationships Unlock Growth And TAM Expansion Opportunities Our Integrated Solutions are Unmatched driving customer success and Craft Resources our ability to expand our TAM Unlocks power sector growth ~$1.5T 1,3 • Grid investment Utility Growth • High voltage tr
Slide 34: Large Load Facilities Require Complex Infrastructure And Power Generation Solutions
Large Load Facilities Require Complex Infrastructure And Power Generation Solutions That Quanta Is Uniquely Suited To Provide Broad-Based Load Growth Across … Quanta Brings Innovation And Multiple End-Markets1 Industry Leading Solutions At Scale Power Generation Large Load Facility • Renewables (e.g
Slide 35: Expanded Capabilities Position Quanta For Converging Large Load Market
Our Expanded Capabilities Position Quanta To Provide Solutions For The Converging Large Load Market Estimated Total Addressable Market1 for Large- Load Facilities 2026-2030, $B Electrification is increasing large-load 885 demand across industries Large-Load Facilities Technology and automation (and
Slide 36: Positioned To Capture The Majority Of Craft-Led Spend On A Data Center
Positioned To Capture The Majority Of Quanta’s Estimated TAM Craft-Led Spend On A Data Center ~$13.5M Per MW (Excludes outside-the-fence Power & Electrical Infrastructure) Quanta Capabilities 5-10% 10-15% Power & Electrical MEP Equipment Procurement Infrastructure (PDUs, cooling tower, AC units, UPS
Slide 37: Base And Programmatic Growth And Secular Demand Drivers Extend Beyond 2030
Base And Programmatic Growth And Secular Demand Drivers Visibility Extend Well Beyond 2030 Illustrative timeline based on Quanta’s current views and estimates STRATEGIC EXECUTION LONG-TERM OPPORTUNITY Demand Drivers 2025 2030 2035+ Infrastructure Modernization Power Grid Hardening and Resilience Gri
Slide 38: Delivering Speed And Certainty: Supply Chain
Delivering Speed And Certainty DEL MO SU N IO PP SIT LY CORE ACQUI CHA Supply Chain IN CRAFT LABOR & CULTURE DUKE AUSTIN P r e s i d e n t & C h i e f E xe c u t i ve O ff i c e r N TE I S GR O N ATED SOL UTI 38
Slide 39: Integrated Supply Chain Solutions Create Competitive Advantage And Drive Pull-Through
Integrated Supply Chain Solutions Create Competitive Advantage And Drive Pull-Through SUPPLY CHAIN SOLUTIONS Leveraging our scale to Greater field Seamless coordination Stronger strategic drive better commercial coordination; improved across Quanta’s full supplier terms and pricing material availabi
Slide 40: Differentiated Supply Chain Solutions
Differentiated Supply Chain Solutions QUANTA BRINGS A WIDE RANGE OF SUPPLY CHAIN CAPABILITIES TO OUR OPERATING COMPANIES AND CUSTOMERS Warehousing and Procurement Capabilities Manufacturing Capabilities Capital Deployment Priorities Logistics Capabilities Manufactures 5 to 600 MVA (up to 345kV) powe
Slide 41: Strong Track Record of Supply Chain Solutions for Complex Projects
Strong Track Record of Supply Chain Solutions for Complex Projects 551 Miles ~450,000 Tons ~1,900 Miles ~5,700 Miles ~$800 Million SUNZIA Of 525kV HVDC (~900,000,000 lbs.) In material spend Of underground cable Of overhead conductor transmission line of steel used managed by Quanta GATEWAY 416 Miles
Slide 42: Delivering Speed And Certainty: Integrated Solutions
Delivering Speed And Certainty DEL MO SU N IO PP SIT LY CORE ACQUI CHA Integrated Solutions IN CRAFT LABOR & CULTURE DUKE AUSTIN P r e s i d e n t & C h i e f E xe c u t i ve O ff i c e r N TE I S GR O N ATED SOL UTI 42
Slide 43: Enduring Customer Relationships Creating Lasting Value
Enduring Customer Relationships Creating Lasting Value +20,000 Quanta’s Estimated 2025 Aggregate Avg. Craft Employee Count Providing Services to Long-Time Large Customers Quanta Services has worked collaboratively with representative customers such as these for more than 20 years Quanta has deeply i
Slide 44: Integrated Solutions Built To Meet Customer Needs
Integrated Solutions Built To Meet Customer Needs QUANTA’S EVOLUTION INTO AN INTEGRATED SOLUTIONS PROVIDER ALLOWS US TO TAILOR END -TO-END INFRASTRUCTURE SOLUTIONS TO MEET THE NEEDS OF OUR CUSTOMERS CUSTOMER SELF-PERFORM SERVICE LINES SUCCESS A Relentless Critical to Deliver Right Team, Right Focus
Slide 45: Service Line Expertise Provides Comprehensive Solutions
Service Line Expertise Provides Comprehensive Solutions Markets SERVICE LINES Service Line Utility Load Center Generation Midstream Industrial Examples Unmatched breadth of self-performed Engineering & capabilities across our core markets Front-End Services Enhances ability to provide Right-of-Way c
Slide 46: Full Scope Delivery Model For SunZia
Full Scope Delivery Model For SunZia Quanta utilized the expertise of more than 25 operating companies and as many as 4,000 people to self-perform ~90% of the entire project, which delivered CERTAINTY 916 3,515 MW 551 Miles ~2,500+ ~450,000 T Wind Turbines Total installed wind Of DC line on lattice
Slide 47: Representative Total Solutions Utility Partnership
Representative Total Solutions Utility Partnership LONG-TERM PARTNERSHIP FRAMEW ORK SPANNING For the Customer CONSTRUCTION, SUPPLY CHAIN, AND GRID EXPANSION Capital Plan Certainty Addresses unprecedented load growth driven by data centers and electrification End-to-end EPC partner for 765kV and othe
Slide 48: Integrated Customer Model For NiSource
Integrated Customer Model For NiSource Advancing a long-standing customer into a collaborative, solutions-based partnership Quanta expanded a <$100 mm/year customer into a multi-billion-dollar solution • Collaboration and early involvement with NiSource drove value and provided certainty Deployed in
Slide 49: Delivering Speed And Certainty: Strategic CORE Acquisition Model
Delivering Speed And Certainty DEL MO SU N IO PP SIT LY CORE ACQUI CHA Strategic CORE IN Acquisition Model CRAFT LABOR & CULTURE DUKE AUSTIN P r e s i d e n t & C h i e f E xe c u t i ve O ff i c e r N TE I S GR O N ATED SOL UTI 49
Slide 50: Strategic CORE Acquisition Model Driving Value
Culture C We honor and preserve the local identity, reputation and leadership that made the acquired company a success Strategic CORE Acquisition Model Owner-Operators Driving Value O We value owner-operators with an entrepreneurial drive and instinct, who thrive in a decentralized model Quanta’s st
Slide 51: Strategy Drives Our Proven Track Record Of Value Creating Acquisitions
Strategy Drives Our Proven Track Record Of Value Creating Acquisitions STRATEGY ACQUISITION & INVESTMENTS MADE TO ENABLE STRATEGY 765kV & High Voltage Transmission Generation Large Load Centers Supply Chain Quanta has a proven track record of deploying capital to acquire high-quality, proven compani
Slide 52: CORE Acquisition Strategy Unlocks Growth Potential
CORE Acquisition Strategy Unlocks Growth Potential Revenue CAGR Select Synergy Quanta Operating Since Acquisition1 Proof Points Units Collaboration ~$470 million of pull- Acquired company through backlog for growth typically +31% other operating >10 accelerates with capital companies investment and
Slide 53: Our Compounding Model Drives Performance And Success
Our Compounding Model CRAFT LABOR & CULTURE Drives Performance And Success COMPETITIVE DIFFERENTIATION & VALUE-ADDED SOLUTIONS CERTAINTY Our Craft-Skill + + Supply Chain and + = A Culture of Integrated Solutions CORE acquisitions capabilities have Compounding profitable Excellence is our drives cust
Slide 54: The Next 5 Years: How We Compound
The Next 5 Years How We Compound JAYSHREE DESAI C h i e f F i n a n c i a l O ff i c e r 54
Slide 55: Strategy Drives Financial Consistency And Durability
Craft Workforce Built for Versatility Strategic investment in craft-led capabilities has expanded portfolio versatility, 1 with recent electrical and mechanical platform acquisitions serving as meaningful accelerants — backed by best-in-class operators with proven track records. Capital Discipline a
Slide 56: Strong Track Record Of Driving Compounding Growth
Strong Track Record Of Driving Compounding Growth Revenue Total Backlog(1) ($ in Billions) ($ in Billions) 14% 17% CAGR CAGR $28.5 $23.7 $44.0 $20.9 $34.5 $17.1 $30.1 $24.1 $11.2 $12.1 $11.2 $13.0 $19.3 $7.6 $7.7 $9.5 $12.3 $15.0 $15.1 $9.4 $9.7 $11.2 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 '15
Slide 57: Delivering On Our Five-Year Plans
Delivering On Our Five-Year Plans >12.0% >10.0% $12.65 - $13.35 $13.00 Delivering against $12.00 prior five-year plans reflecting ambitious goals Strategic focus on and investments made to $8.00 10.0% 10.1%1 drive total solutions platforms $4.91 Maintained a $3.98 strong balance sheet and financial
Slide 58: 2026 – 2030: Expecting Continued Profitable Growth
2026 – 2030: Expecting Continued Profitable Growth EST. 2026-2030 Organic Target OI Target Adjusted Possible Upside Drivers Revenue CAGR Margin EBITDA Margin • Increased total solutions adoption • Gas generation projects • 765kV and high voltage transmission ELECTRIC 9.0% 10.5% 11.75% • Data center
Slide 59: Key Markets Revenue Growth Ranges
Key Markets Revenue Growth Ranges APPROXIMATE KEY MARKETS ’25-’30E CAGR % OF 2025 REVENUE Electric Grid & Gas Utility 50% 7.5% – 10.0% Power Generation & Energy Storage 25% 7.5% – 12.5% Technology & Load Center 10% 20.0% – 25.0% Communications 5% 5.0% – 7.5% Industrial & Other 5% < 5% Pipeline Servi
Slide 60: Robust Cash Generation Coupled With Leverage Capacity Amplifies Return Opportunities
Robust Cash Generation Coupled With Leverage Capacity Amplifies Return Opportunities Free Cash Flow (FCF) Bank Leverage Ratio Based on Conversion (FCF / Adj. EBITDA)1 Maturities of Fixed Debt 2.0x 55%-60% ~$10B-$12B Maintaining Leverage Between 1.5x of available cumulative free cash flow 1.5x – 2.0x
Slide 61: Strong Track Record Of Strategic And Opportunistic Capital Deployment
Strong Track Record Of Strategic And Opportunistic Capital Deployment BELIEVE OPPORTUNISTIC CAPITAL DEPLOYMENT OFFERS BETTER VALUE CREATION Capital Deployment Priorities Select Historical Capital Deployment Capital Aggregate Deployment Capital Deployed Priorities ($ in Thousands) 1 Organic Growth •
Slide 62: Dividend Growth Another Tool For Stockholder Value
Dividend Growth Another Tool For Stockholder Value INTEND TO INCREASE OUR DIVIDEND AT A DOUBLE -DIGIT CAGR THROUGH 2030 Dividend Per Share Targeting Double-Digit Annual Dividend Growth 16% CAGR $0.44 $0.40 $0.36 $0.32 $0.28 $0.24 $0.20 $0.16 2019 2020 2021 2022 2023 2024 2025 2026 1 2027E 2028E 2029
Slide 63: Operating Strength and Disciplined Capital Deployment Driving Expanding Returns
Operating Strength and Disciplined Capital Deployment Driving Expanding Returns BILLIONS DEPLOYED IN STRATEGIC ACQUISITIONS WHILE ROIC EXPANDED — DEMONSTRATING THE QUALITY OF OUR EXECUTION AND CAPITAL ALLOCATION ROIC Key Takeaways 12%-15% Expect to meaningfully 12.0% improve ROIC over the next five
Slide 64: Multiple Levers To Compound Attractive Adj. EPS Growth
ACHIEVABLE TARGET Multiple Levers To Compound THROUGH A COMBINATION OF: Attractive Adj. EPS Growth Organic Growth 7%-10% TARGET FULL STACK Adj. EBITDA Margin Expansion Up to 80 bps Capital Deployment $21.60-$26.75 1.5-2.0x Leverage Supply Chain Solutions $10.75 Active Market Opportunities +20% 765kV
Slide 65: Compelling Organic Growth Enhanced With Capital Deployment
Compelling Organic Growth Enhanced With Capital Deployment 2030E Executing On Our Strategic Playbook Delivers Sustainable Growth And Value Creation Adjusted Adjusted EPS Organic EBITDA Opportunity w/ ROIC Revenue² Margin Capital Deployment¹ $43.9B – $49.0B 10% – 11% $21.60 – $26.75 12% – 15% 7% – 10
Slide 66: Key Takeaways
1 Successful ten year track record of executing against our strategies to deliver 25% compounding EPS growth 2 Well-positioned to achieve continued profitable growth, underpinned by the drivers Key of our embedded business and our strategic initiatives Takeaways Portfolio of capabilities and workf
Slide 67: GQ wants
GQ wants INVEST IN PEOPLE BRING IN INTEGRATED ENHANCE LEVERAGE BECOME THE DRIVE & CRAFT SOLUTIONS & CUSTOMER SUPPLY CHAIN SOLUTION EXECUTION SKILLED LABOR SERVICE LINES. SOLUTIONS. > | PROVIDER CERTAINTY. Se Yi) j=) ) aw)
Slide 68: Wrap Up: A Compelling Investment Case
Wrap Up: A Compelling Investment Case Duke Austin P r e s i d e n t & C h i e f E xe c u t i ve O ff i c e r 68 INVESTOR DAY 2022 68
Slide 69: A Compelling Investment Case
Leading provider of integrated energy infrastructure 1 solutions, powered by craft-skilled labor and advanced capabilities Uniquely positioned to capture durable TAM 2 growth across converging utility, generation, and technology markets Certainty-driven solutions reinforced by our A Compelling 3 ope
Slide 70: Q&A
GQ wants Q&A 70
Slide 71: Connect With Quanta Services Social Media Channels
CONNECT WITH QUANTA SERVICES SOCIAL MEDIA CHANNELS @QuantaIR @Quanta_Services Quanta Services, Inc. INVESTOR CONTACT CORPORATE OFFICE Kip Rupp, CFA, IRC 2727 North Loop West Houston, TX 77008 Vice President – Investor Relations 713-629-7600 713-341-7260 www.quantaservices.com Sean Eastman Director –
Slide 72: Reconciliation Tables and Cautionary Statement Regarding Forward-Looking Statements
Reconciliation Tables and Cautionary Statement Regarding Forward- Looking Statements and Information 72
Slide 73: Cautionary Statement About Forward-looking Statements And Information
Cautionary Statement About Forward-looking Statements And Information This presentation (and oral statements regarding the subject matter of this presentation) contains forward-looking statements intended to qualify for the “safe harbor” from liability established by the Private Securities Litigatio
Slide 74: Cautionary Statement About Forward-looking Statements And Information
Cautionary Statement About Forward-looking Statements And Information • Trends and growth opportunities in relevant markets, including Quanta's ability to obtain future project awards; • Delays, deferrals, reductions in scope or cancellations of anticipated, pending or existing projects as a result
Slide 75: Cautionary Statement About Forward-looking Statements And Information
Cautionary Statement About Forward-looking Statements And Information • The potential that Quanta's participation in joint ventures or similar structures exposes Quanta to liability or harm to its reputation as a result of acts or omissions by partners; • The inability or refusal of customers or thi
Slide 76: Reconciliation of Adjusted Net Income From Continuing Operations Attributable to Common Stock
Reconciliation of Adjusted Net Income From Continuing Operations Attributable to Common Stock For the year ended December 31, (dollars in thousands) (Unaudited) 2015 2016 2017 2018 2019 2020 2021 2021 Target Reconciliation of adjusted net income from continuing operations attributable to common stoc
Slide 77: Reconciliation of Adjusted Net Income From Continuing Operations (Continued)
Reconciliation of Adjusted Net Income from Continuing Operations Attributable to Common Stock (Continued) For the year ended December 31, (dollars in thousands) (Unaudited) 1. Row not utilized for 2026 estimated amounts. See cumulative income tax row below Note: Adjusted net income from continuing o
Slide 78: Reconciliation of Adjusted Diluted Earnings per Share From Continuing Operations
Reconciliation of Adjusted Diluted Earnings per Share From Continuing Operations Attributable to Common Stock For the year ended December 31, (Unaudited) Note: Adjusted diluted earnings per share from continuing operations is defined as diluted earnings per share adjusted for the after-tax impact of
Slide 79: Reconciliation of Adjusted Diluted Earnings per Share (Continued)
Reconciliation of Adjusted Diluted Earnings per Share From Continuing Operations Attributable to Common Stock (Continued) For the year ended December 31, (Unaudited) 1. Row not utilized for 2026 estimated amounts. See cumulative income tax row below Note: Adjusted diluted earnings per share from con
Slide 80: Reconciliation of EBITDA and Adjusted EBITDA
Reconciliation of EBITDA and Adjusted EBITDA For the year ended December 31, (dollars in thousands) (Unaudited) 2015 2016 2017 2018 2019 2020 2021 2021 Target Net income from continuing operations attributable to common stock (as defined by GAAP) $ 120,286 $ 198,725 $ 314,978 $ 293,346 $ 402,044 $ 4
Slide 81: Reconciliation of EBITDA and Adjusted EBITDA (Continued)
Reconciliation of EBITDA and Adjusted EBITDA (Continued) For the year ended December 31, (dollars in thousands) (Unaudited) Note: Adjusted EBITDA is defined as EBITDA adjusted for certain items. EBITDA is defined as earnings before interest and other financing expenses, taxes, depreciation and amort
Slide 82: Reconciliation of Free Cash Flow
Reconciliation of Free Cash Flow For the year ended December 31, (dollars in thousands) (Unaudited) Note: Free cash flow is defined as net cash provided by operating activities less net capital expenditures. Net capital expenditures is defined as capital expenditures less proceeds from sale of prope
Slide 83: Reconciliation of Organic Revenues
Reconciliation of Organic Revenues Note: Organic revenues is defined as total revenues less revenues attributable to businesses acquired within the previous period being measured against 83 INVESTOR DAY 2022 83
Slide 84: Reconciliation of Net Operating Profit After Tax, Average Invested Capital and ROIC
Reconciliation of Net Operating Profit After Tax, Average Invested Capital and Return on Invested Capital For the Years Ended December 31, (dollars in thousands) (Unaudited) 2021 2021 without Blattner 2021 Target Adjusted EBITDA (a non-GAAP measure) $ 1,259,185 $ 1,205,720 $ 1,260,262 Less: Deprecia
Slide 85: Reconciliation of Net Operating Profit After Tax and ROIC (Continued)
Reconciliation of Net Operating Profit After Tax, Average Invested Capital and Return on Invested Capital For the year ended December 31, (dollars in thousands) (Unaudited) Note: Return on invested capital is defined as net operating profit divided by average invested capital 1. During the year ende
Slide 86: Reconciliation of Backlog
Reconciliation of Backlog For the year ended December 31, (dollars in thousands) (Unaudited) 2018 (1) 2019 2020 2021 12 Month Total 12 Month Total 12 Month Total 12 Month Total Total Remaining performance obligations 3,097,004 4,681,471 3,153,816 5,302,451 2,838,363 3,985,384 4,819,551 5,895,395 Est
Slide 87: Estimated Long-Term Non-GAAP Financial Measures
ESTIMATED LONG-TERM NON-GAAP FINANCIAL MEASURES We have not provided the most directly comparable GAAP financial measures, or a quantitative reconciliation thereto, for the forward-looking information for the 2026 Target adjusted diluted earnings per share or return on invested capital amounts or th