Arcosa, Inc. · NYSE:ACA
Arcosa — Investor Presentation (November 2025)
35 slides from Arcosa's investor presentation, Nov 10, 2025
Slide 1: Moving Infrastructure Forward | November 2025 Investor Presentation
MOVING INFRASTRUCTURE FORWARD | NOVEMBER 2025 INVESTOR PRESENTATION EXHIBIT 99.1
Slide 2: Forward Looking Statements
2 I MOVING INFRASTRUCTURE FORWARD I 2025 FORWARD LOOKING STATEMENTS Some statements in this release, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward- looking statements include statements about Arcosa’s esti
Slide 3: How to Find Us
HOW TO FIND US OUR WEBSITE www.arcosa.com NYSE TICKER ACA HEADQUARTERS Arcosa, Inc. 500 North Akard Street, Suite 400 Dallas, TX 75201 INVESTOR CONTACT InvestorResources@arcosa.com 3 I MOVING INFRASTRUCTURE FORWARD I 2025
Slide 4: Table of Contents
01 03 04 OVERVIEW FINANCIAL HIGHLIGHTS 02 OUTLOOK TABLE OF CONTENTS 4 I MOVING INFRASTRUCTURE FORWARD I 2025 STRATEGIC TRANSFORMATION
Slide 5: Overview
OVERVIEW 01
Slide 6: Arcosa's Value Proposition
ARCOSA’S VALUE PROPOSITION FOCUSED on margin expansion and cash flow generation EXPERIENCED management team with history of managing through economic cycles LEADING businesses serving critical infrastructure markets TRACK RECORD of executing on strategic priorities DISCIPLINED CAPITAL allocation pro
Slide 7: Arcosa at a Glance
ARCOSA AT A GLANCE Revenues, Adjusted Net Income, and Adjusted EBITDA are for the twelve months ended 09/30/2025. See Adjusted Net Income and Adjusted EBITDA reconciliations in Appendix. Headcount is as of 12/31/2024. Adjusted Net Income Adjusted EBITDA Infrastructure-related Segments Employees Year
Slide 8: Business Overview
BUSINESS OVERVIEW ENGINEERED STRUCTURES TRANSPORTATION PRODUCTSCONSTRUCTION PRODUCTS Revenues and Adjusted Segment EBITDA and Margin for twelve months ended 9/30/2025. See Adjusted Segment EBITDA reconciliation in Appendix. NATURAL & RECYCLED AGGREGATES SPECIALTY MATERIALS & ASPHALT CONSTRUCTION SIT
Slide 9: Strategic Transformation
STRATEGIC TRANSFORMATION 02
Slide 10: Arcosa's Long-Term Vision
10 I MOVING INFRASTRUCTURE FORWARD I 2025 ARCOSA’S LONG-TERM VISION Reduce the complexity and cyclicality of the overall business Integrate sustainability initiatives into our long-term strategy Improve long-term returns on invested capital Grow in attractive markets where we can achieve sustainable
Slide 11: Significant progress advancing our long-term vision
Construction Products 33% Engineered Structures 38% Transportation Products 29% We have made significant progress advancing our long-term vision 11 I MOVING INFRASTRUCTURE FORWARD I 2025 % Adjusted EBITDA, excluding corporate costs LTM Q3 20252018 Construction Products 56% Engineered Structures 34%
Slide 12: Ongoing Investment in Construction Products Platform
~$2.7 billion of investment in Construction Products acquisitions as we seek to expand our growth platforms 12 I MOVING INFRASTRUCTURE FORWARD I 2025 ONGOING INVESTMENT IN OUR CONSTRUCTION PRODUCTS PLATFORM Q4 2024Q2 2022Q3 2021Q2 2021Q3 2020Q1 2020Q4 2018KEY ACQUISITIONS Natural Aggregates Recycled
Slide 13: Completed Stavola acquisition and sale of Steel Components
Enhances Arcosa’s overall profitability and financial profile Extends footprint into the nation’s largest MSA with a scaled and vertically integrated aggregates and FOB asphalt operation FY 2024: COMPLETED THE ACQUISITION OF STAVOLA (OCTOBER 1) AND SALE OF STEEL COMPONENTS (AUGUST 16) 13 I MOVING IN
Slide 14: $1.2B Acquisition of Stavola
$1.2B ACQUISTION OF STAVOLA, A LEADING PROVIDER OF CONSTRUCTION MATERIALS OPERATING IN THE NORTHEAST BY THE NUMBERS COMPANY HIGHLIGHTS Operates third largest quarry in production in the region, allowing it to serve both external customers and internal asphalt demand Founded in 1948 with over 75 year
Slide 15: Stavola Expands and Diversifies Geographic Footprint
15 I MOVING INFRASTRUCTURE FORWARD I 2025 STAVOLA EXPANDS AND DIVERSIFIES CONSTRUCTION PRODUCTS’ GEOGRAPHIC FOOTPRINT Our Aggregates Business Now Serves 13 of the 50 Largest MSAs Natural Aggregates Recycled Aggregates Asphalt Stavola Locations Incremental Presence from Stavola Construction Products
Slide 16: Stavola Extends Footprint into Nation's Largest MSA
STAVOLA EXTENDS ARCOSA’S FOOTPRINT INTO THE NATION’S LARGEST MSA 16 I MOVING INFRASTRUCTURE FORWARD I 2025 Infrastructure 75–85% Residential 10–20% Non-residential 5–15% Aggregates Demand Asphalt Demand Infrastructure 80–90% Residential 5–10% Non-residential 5–10% Stavola’s Core Markets Are Over-Ind
Slide 17: Stavola Enhances Scale and Margin Profile
Construction Products Pro Forma for Stavola1 Legacy Construction Products1 LTM REVENUE LTM ADJUSTED EBITDA LTM ADJ. EBITDA MARGIN STAVOLA ENHANCES SCALE AND MARGIN PROFILE OF OUR CONSTRUCTION PRODUCTS PORTFOLIO 17 I MOVING INFRASTRUCTURE FORWARD I 2025 Aggregates4 ~56% Asphalt ~14% Other2 ~12% % Rev
Slide 18: Outlook
OUTLOOK 03
Slide 19: On track for double-digit growth in 2025
We remain on track for double-digit growth in 2025 (1)Margin excludes the Steel Components business, which was divested on August 16, 2024 and included in continuing operations until the date of sale. Full year 2025 guidance ranges are inclusive of direct tariff impacts, as currently outlined, which
Slide 20: Market Outlook
MARKET OUTLOOK CONSTRUCTION PRODUCTS ENGINEERED STRUCTURES TRANSPORTATION PRODUCTS 20 I MOVING INFRASTRUCTURE FORWARD I 2025 • On track for HSD aggregates pricing growth for 2025 • Infrastructure spending supported by federal funding from IIJA and healthy state DOT budgets • $350B of IIJA funds for
Slide 21: Construction Products Market Outlook
CONSTRUCTION PRODUCTS MARKET OUTLOOK 21 I MOVING INFRASTRUCTURE FORWARD I 2025 Source: USGS – National Minerals Information Center Aggregates industry has positive fundamentals and beneficial pricing dynamics Texas is an important market for aggregatesAggregates pricing is consistently positive ■ In
Slide 22: Engineered Structures Market Outlook
ENGINEERED STRUCTURES MARKET OUTLOOK 22 I MOVING INFRASTRUCTURE FORWARD I 2025 (1) Power Insights (2025); (2) U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) The outlook for utility transmission and wind towers remains positive with the anticipated increase in load growt
Slide 23: Transportation Products Market Outlook
Total U.S. and Canada Electric Transmission: Reported CAPEX ($B) TRANSPORTATION PRODUCTS MARKET OUTLOOK 23 I MOVING INFRASTRUCTURE FORWARD I 2025 (1) The Waterways Journal: Mississippi River System Barge Fleet Survey, 2024 Positive outlook as fleet replacement needs sustain market recovery for barge
Slide 24: Financial Highlights
04 Xo FINANCIAL HIGHLIGHTS
Slide 25: Strong Track Record of Growth and Margin Expansion
STRONG TRACK RECORD OF GROWTH AND MARGIN EXPANSION WHILE TRANSFORMING PORTFOLIO (1) Margin excludes the gain on land sale in 2023. See Adjusted EBITDA and Adjusted Segment EBITDA reconciliations in Appendix. 25 I MOVING INFRASTRUCTURE FORWARD I 2025 73 92 138 180 199 223 282 353 82 129 116 125 149 1
Slide 26: Q3 2025 Consolidated Results
Q3 2025 CONSOLIDATED RESULTS (1)Margin excludes the Steel Components business, which was divested on August 16, 2024 and included in continuing operations until the date of sale. See Adjusted Net Income and Adjusted EBITDA reconciliations in Appendix. REVENUES ($M) ADJUSTED EBITDA ($M) 26 I MOVING I
Slide 27: Disciplined Cash Culture and Track Record of Deleveraging
27 I MOVING INFRASTRUCTURE FORWARD I 2025 $M’s Ratio at year end Spun debt free with $200M of cash Sale of Storage Tanks for $275M 6 construction bolt-ons totaling ~$120M, including expansion in Florida DISCIPLINED ‘CASH CULTURE’ AND TRACK RECORD OF DELEVERAGING FOLLOWING PAST ACQUISITIONS Free Cash
Slide 28: Appendix
APPENDIX
Slide 29: Guidance Summary for 2025
GUIDANCE SUMMARY FOR 2025 ADJUSTED EBITDA COMMENTARY CAPITAL EXPENDITURES OTHER • $575M to $585M range for full year 2025, previously $555M to $585M • 2024 full year Adjusted EBITDA was $439M, excluding $8M from the divested Steel Components business • Full year 2025 capex of $145M to $155M TAX RATE
Slide 30: Non-GAAP Measures
NON-GAAP MEASURES Refer to slides that follow for accompanying reconciliations “EBITDA” is defined as net income plus interest, taxes, depreciation, depletion, and amortization. “Adjusted EBITDA” is defined as EBITDA adjusted for certain items that are not reflective of the normal earnings of our bu
Slide 31: Reconciliation of Adjusted EBITDA and Adjusted Net Income
Reconciliation of Adjusted EBITDA and Adjusted Net Income 31 Moving Infrastructure Forward (1) Includes the impact of the fair value markup of acquired long-lived assets. (2) Expenses associated with acquisitions and divestitures, including the cost impact of the fair value markup of acquired invent
Slide 32: Reconciliation of Adjusted Segment EBITDA
32 Moving Infrastructure ForwardI MOVING INFRASTRUCTURE FORWARD I 2025 Reconciliation of Adjusted Segment EBITDA (1) Includes the impact of the fair value markup of acquired long-lived assets. (2) Expenses associated with acquisitions and divestitures, including the cost impact of the fair value mar
Slide 33: Reconciliation of Net Debt to Adjusted EBITDA and Free Cash Flow
33 Moving Infrastructure ForwardI MOVING INFRASTRUCTURE FORWARD I 2025 Reconciliation of Net Debt to Adjusted EBITDA and Free Cash Flow ($’s in millions) (unaudited) (1) These periods include pro forma adjustments for acquisitions completed during the period, as previously disclosed. As of September
Slide 34: Reconciliation of Stavola and Steel Components Adjusted EBITDA
34 Moving Infrastructure ForwardI MOVING INFRASTRUCTURE FORWARD I 2025 Reconciliation of Stavola and Steel Components Adjusted EBITDA (in millions) (unaudited) Twelve Months Ended December 30, Three Months Ended September 30, 20242024 Steel components: $ (19.5)$ (25.4)Operating Loss 5.91.1Add: Depre
Slide 35: N. Akard Street, Suite Dallas, Texas 75201 (972) -6500 ir.arcosa.com
500 N. Akard Street, Suite 400 Dallas, Texas 75201 (972) 942-6500 ir.arcosa.com