Everus Construction Group, Inc. · NYSE:ECG
Everus Construction — Investor Presentation (June 2026)
34 slides from Everus Construction's investor presentation, June 2026
Slide 1: Investor Presentation May/June 2026
Investor Presentation May/June 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation, and oral comments that Everus may make, contain or incorporate by reference certain “forward-looking statements” within the meaning of the securities laws. All statements that reflect Everus’ expectations, assumptions or projections about the future, oth
Slide 3: Our Mission and Values
OUR MISSION Safely Building America’s FutureⓇ as an industry-leading construction services provider while achieving sustained growth. OUR VALUES INTEGRITY RESPECT SAFETY TEAMWORK 3
Slide 4: Leading Construction Services Provider
Leading Construction Services Provider National Platform of 20 (1) Market-Leading Local Brands ~9,400 ~85% ~4,000 ~44,000 No. 12 of 600 Employees Employees in Unions Customers Projects in 2025 Specialty Contractors Electrical & Mechanical Transmission & Distribution T&D Electrical and Revenues: Util
Slide 5: Electrical & Mechanical ("E&M")
Electrical & Mechanical (“E&M”) $3,108M $3,291M(1) $273M 8.8% Revenues Backlog EBITDA EBITDA Margin Segment Overview Services End Markets(2) Construction and maintenance of electrical and Electrical construction communication wiring and infrastructure, fire Fire protection suppression systems, renew
Slide 6: Transmission & Distribution ("T&D")
Transmission & Distribution (“T&D”) $868M ~55% $389M(1) $122M 14.0% Revenues MSA Revenues % Backlog EBITDA EBITDA Margin Segment Overview Services End Markets(2) Construction and maintenance services for Equipment utility and communication infrastructure, as well as transportation-related lighting E
Slide 7: Strong Positioning Across Diversified End Markets
Strong Positioning Across Diversified End Markets Commercial Utility Institutional Industrial Service & Transportation Renewables Other $2,310M $769M $311M $309M $113M $99M $65M LTM Revenues LTM Revenues LTM Revenues LTM Revenues LTM Revenues LTM Revenues LTM Revenues 58% 19% 8% 8% 3% 2% 2% % of Con
Slide 8: Scaled National Platform of Market-Leading Local Brands
Scaled National Platform of Market-Leading Local Brands National Platform Operations across the United States Proven ability to deploy capital for innovation and to set industry standards Systematic platform-wide sharing of best practices and expertise Local Expertise 20 market-leading local brands
Slide 9: Employees Value Execution Relationships
Employees Value Execution Relationships Attract, retain Create long-term Lead the industry Maintain and grow and train value with sustained in safety and consistent customer premier talent profitable growth high-quality execution relationships 9
Slide 10: Value Creation Framework
Value Creation Framework Targeted Commercial Growth Operational Excellence Disciplined Capital Allocation Grow share within existing end Strategically deploy assets in Invest in high-return organic markets higher-margin projects and growth initiatives end markets Further penetrate Pursue strategic a
Slide 11: Multiple Levers to Drive Growth
Multiple Levers to Drive Growth Grow Share Within Further Penetrate Existing End Markets Higher-Growth Submarkets Increase local share through strong Leverage expertise with critical customer relationships and a and complex projects to expand proven track record of execution within higher-growth sub
Slide 12: Operational Excellence Drives Repeatable High-Quality Results
Operational Excellence Drives Repeatable High-Quality Results HIGH-QUALITY OUTCOMES High Employee Leverage Unique Continuously Position Safety as Retention Pre-Construction Train and Develop a Core Value, Design-Assist Workforce Skills Not Only a Priority Capabilities High Customer Retention New Pro
Slide 13: Pre-Fabrication Drives Productivity and Cost Savings
Pre-Fabrication Drives Productivity and Cost Savings Benefits of Pre-Fabrication Early Adopter of Pre-Fabrication Why Everus Wins p Improved safety Project-planning standards that identify pre-fabrication opportunities p Greater labor efficiency and Robust communication and knowledge lower labor cos
Slide 14: Disciplined Capital Allocation For Long-Term Value Creation
Disciplined Capital Allocation For Long-Term Value Creation NEAR-TERM PRIORITIES 1 u Grow share within existing end markets and higher-growth submarkets Organic Growth u Grow with existing customers in new geographies Investment u CapEx target between 2.0% and 2.5% of revenues 2 u Complementary busi
Slide 15: Long-Term Expectations
Employees Value Execution Relationships LONG-TERM EXPECTATIONS 5% – 7% 7% – 9% Organic Revenue CAGR EBITDA CAGR 2.0% – 2.5% 1.5x – 2.0x CapEx as % of Revenue Net Leverage 15
Slide 16: First Quarter 2026 Results
FIRST QUARTER 2026 RESULTS 16
Slide 17: First Quarter 2026 Highlights – Continued Momentum
First Quarter 2026 Highlights – Continued Momentum Strong Revenue Growth Solid EBITDA Growth Revenue growth of 25% driven by Total EBITDA increased 44% from prior continued momentum in E&M (+29%), year, driven by strong revenue growth and particularly data center submarket, and continued efficient p
Slide 18: First Quarter 2026 Highlights – End-Market Strength
First Quarter 2026 Highlights – End-Market Strength E&M Momentum Free Cash Flow E&M revenues increased 29% driven by First quarter free cash flow was $131.9 million, continued momentum in data center work; compared to cash usage of $8.1 million last year, driven EBITDA increased 52% with 140 bps by
Slide 19: Acquisition of SE&M – E&M Contractor in Southeast Region
Acquisition of SE&M – E&M Contractor in Southeast Region Compelling Transaction Rationale Leading position in pharmaceutical and industrial manufacturing end markets further diversifies revenue mix Company Overview Attractive revenue profile is driven by maintenance and SE&M, founded in 1923 and hea
Slide 20: First Quarter 2026 Performance Summary
First Quarter 2026 Performance Summary Performance First Quarter Revenues First Quarter EBITDA ($MM) highlighted by strong ($MM) $1,036.9 E&M growth, $88.9 continued backlog $826.6 $61.8 momentum, project + 25.4% + 43.9% execution • 25% first quarter revenue growth driven by strong E&M 1Q25 1Q26 1Q2
Slide 21: First Quarter 2026 Segment Summary
First Quarter 2026 Segment Summary E&M Revenues T&D Revenues E&M Highlights ($MM) ($MM) $835.1 • First quarter revenues increased $204.4 29% due to strength in $648.2 $185.0 commercial, particularly in data center submarket + 28.8% + 10.5% • First quarter EBITDA increased 52% on strong revenue growt
Slide 22: First Quarter 2026 Balance Sheet and Liquidity
First Quarter 2026 Balance Sheet and Liquidity Ample financial Net Debt Net Leverage ($MM) flexibility to pursue strategic objectives $242 $228 • 1Q26 net debt of $6 million, $159 1.0x down from 4Q25 reflecting $132 strong operating results and working capital benefits 0.8x $6 • Cash and availabilit
Slide 23: 2026 Financial Guidance
(1) 2026 Financial Guidance 2026 Drivers 2026 Guidance Guidance reflects strong backlog trends, continued business momentum, and inclusion of SE&M Revenues $4.3B – $4.4B Strong demand for E&M driven by (up from $4.1B - $4.2B) data center, hospitality and high tech; T&D driven by grid modernization a
Slide 24: Compelling Investment Thesis
Compelling Investment Thesis Benefit From Multiple Proven Leadership Team Scaled National Platform Skilled Workforce, Diversified Revenue Base Growth Drivers and Executing 4EVER of Market-Leading Local People-First Culture & & Disciplined Capital Industry Megatrends Strategy Brands Repeatable Playbo
Slide 25: Appendix
APPENDIX 25
Slide 26: Non-GAAP Financial Guidance
Non-GAAP Financial Guidance Everus is unable to reconcile forward-looking non-GAAP financial guidance relating to full-year 2026 EBITDA and pro forma net leverage to the respective nearest GAAP measure without unreasonable efforts. Specifically, due to the limited time since the acquisition of SE&M,
Slide 27: Reconciliations of net income to EBITDA and EBITDA margin
Reconciliations of net income to EBITDA and EBITDA margin Reconciliations of net income to EBITDA and EBITDA margin. Three months ended March 31, 2026 2025 Change (In millions, except percentages) Net income $ 58.3 $ 36.7 58.9% Interest expense, net 2.3 4.7 (51.1)% Income taxes 20.3 13.6 49.3% Depre
Slide 28: Reconciliations of net income to EBITDA by segment
Reconciliations of net income to EBITDA by segment Reconciliations of net income to EBITDA by segment. Three months ended March 31, 2026 Three months ended March 31, 2025 Corporate and Corporate and E&M T&D Other Total E&M T&D Other Total (In millions) Net income $ 56.7 $ 15.0 $ (13.4) $ 58.3 $ 36.6
Slide 29: Reconciliations of EBITDA and EBITDA margin by segment
Reconciliations of EBITDA and EBITDA margin by segment Reconciliations of net income to EBITDA and EBITDA margin by segment. Three months ended March 31, 2026 2025 % change (In millions, except percentages) Operating revenues: E&M $ 835.1 $ 648.2 28.8% T&D 204.4 185.0 10.5% Eliminations (2.6) (6.6)
Slide 30: Reconciliations of trailing 12-month EBITDA and net leverage
Reconciliations of trailing 12-month EBITDA and net leverage Reconciliations of trailing 12-month EBITDA as of March 31, 2026 and Dec. 31, 2025. Twelve months Three months Twelve months Three months ended March 31, ended March 31, ended December ended March 31, 2026 2026 31, 2025 2025 (In millions)
Slide 31: Reconciliations of trailing 12-month EBITDA by segment
Reconciliations of trailing 12-month EBITDA by segment Reconciliation of trailing 12-month EBITDA as of March 31, 2026 – E&M. Twelve months Three months Twelve months Three months ended March 31, ended March 31, ended December ended March 31, 2026 2026 31, 2025 2025 (In millions) Net income $ 205.5
Slide 32: Reconciliations of trailing 12-month EBITDA and EBITDA margin by segment
Reconciliations of trailing 12-month EBITDA and EBITDA margin by segment Reconciliations of net income to EBITDA and EBITDA margin by segment. Twelve months ended March 31, 2026 (In millions, except percentages) Operating revenues: E&M $ 3,107.5 T&D 868.0 Eliminations (18.8) Total operating revenues
Slide 33: Reconciliations of free cash flow
Reconciliations of free cash flow Reconciliations of cash provided by operating activities to free cash flow Three months ended March 31, 2026 2025 (In millions) Net cash used in investing activities $ (14.3) $ (14.8) Net cash used in financing activities $ (6.5) $ (4.3) Net cash provided by operati
Slide 34: investors@everus.com
Contact: investors@everus.com 34
Everus Construction Group — Investor Presentation (June 2026) on 6ix