Slide 1: Investor Presentation July 2020
Investor Presentation July 2020 Alaskan Way Viaduct (SR 99) Replacement Project, Seattle
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 • Significant increase in infrastructure spending has already begun Tutor Perini rank
Slide 4: Diverse Geographical Footprint
Diverse Geographical Footprint Well positioned to capture work in all 50 states and in targeted international markets 4
Slide 5: Significant Projects Driving Performance
Significant Projects Driving Performance (approximate contract values) Los Angeles MTA Purple Line Sections 2 & 3 (JV) – $3.1B Various New York MTA East Side Access Projects – $1.9B California High-Speed Rail (JV) – $2.2B Newark Airport Terminal One, NJ (JV) – $1.4B San Francisco MTA Centr
Slide 6: Segment Overview and Financials
Segment Overview and Financials (financials are LTM through Q2-20; backlog as of quarter-end) A Leading Construction Services Firm Revenue: $4.9B Income from Construction Operations (ICO): $58.7M(1) Operating Margin: 1.2%(1) Q2-20 Backlog: $10.0B Civil Segment Building Segment Specialty Contractors
Slide 7: Civil Segment Drives TPC's Profitability
Civil Segment Drives TPC’s Profitability Winning Large and Highly Visible Projects Construction and rehabilitation of “essential” infrastructure, including highways, bridges, tunnels, mass-transit systems and wastewater treatment facilities TPC’s highest margin segment Focused on large-scale,
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 — Significant volume of prospective projects in California an
Slide 9: Specialty Contractors Segment
Specialty Contractors Segment One of the largest electrical contractors Specialty Contractors Success Drivers FIVE STAR ELECTRIC in New York City Solid demand, especially in New York City and California Electrical contractor with offices in Strong electrical and mechanical proficiencies Hous
Slide 10: Vertical Integration: A Competitive Advantage
Vertical Integration: A Competitive Advantage Example Projects: Hudson Yards Development Platform, tunnel and buildings Midtown Manhattan, NY Total project volume: $2.4B New York MTA East Side Access Subway stations, tracks and systems Queens to Manhattan, NY Project value: $3.0B SFMTA Central Subwa
Slide 11: Core Strengths Provide Significant Benefits
Core Strengths Provide Significant Benefits Core Strengths Benefits Realized Cost estimating Greater project cost and schedule Self-perform capabilities certainty Diverse construction experience – Civil, Durable competitive advantage Building and Specialty Contractors Higher profit margi
Slide 12: Strong $10B Backlog to Drive Growth
Strong $10B Backlog to Drive Growth (as of Q2-20) Backlog by Segment Backlog by Customer Specialty Contractors 22% $2.2B State and Local Building Government 70% Private 23% 23% $7.0B $2.3B $2.3B Civil Federal Gov't 55% 7% $5.5B $0.7B Solid pipeline of prospective bids and awards over the next severa
Slide 13: Guidance
Guidance (as of July 29, 2020) FY20 Guidance EPS Range $1.80 - $2.10 * Assumptions: No new significant impacts from the COVID-19 pandemic General and administrative expenses of approximately $260M to $270M Includes $1.59 ($109M) of depreciation and amortization expense Includes $1.03 ($71M)
Slide 14: Why Invest in Tutor Perini?
Why Invest in Tutor Perini? Market leader with strong résumé of successfully completed projects Vast majority of current projects have been considered “essential” – resilient to impacts of COVID-19 Strong backlog of $10.0B to support growth; 55% comprised of higher-margin civil projects Unpr
Slide 15: Contact: Jorge Casado, Vice President, Investor Relations
Contact: Jorge Casado Vice President, Investor Relations (818) 408-5746 Jorge.Casado@tutorperini.com 15