Myr Group, Inc. · NASDAQ:MYRG
Myr — Q4 2025 Earnings Presentation
21 slides from Myr's earnings presentation, Feb 26, 2026
Slide 1: Q4 2025 Investor Presentation
Q4 2025 INVESTOR PRESENTATION Q4 | MARCH 2026 | NASDAQ: MYRG 1
Slide 2: Safe Harbor Notice
SAFE HARBOR NOTICE FORWARD-LOOKING STATEMENTS. Various statements in this announcement, including those that express a belief, expectation, or intention, as well as those that are not statements of historical fact, are forward-looking statements. The forward-looking statements may include projection
Slide 3: MYR Group Inc. - A Market Leader in Electrical Construction
MYR GROUP INC. - A MARKET LEADER IN INVESTMENT HIGHLIGHTS ELECTRICAL CONSTRUCTION. CONTINUED GROWTH Strong presence in key markets with healthy organic and acquisitive growth opportunities MYR Group Inc. is a holding company of subsidiaries that has delivered some of the SUPERIOR SAFETY CULTURE larg
Slide 4: Ranked Among Top U.S. Specialty Electrical Contractors
RANKED AMONG TOP 5 U.S. SPECIALTY ELECTRICAL CONTRACTORS $3.66B 2025 30 YEARS IN A ROW $3.36B 2024 $3.64B 2023 $3.01B 2022 $2.50B 2021 $2.25B 2020 CAGR 10.2% 4
Slide 5: What We See: Outlook
WHAT WE SEE OUTLOOK. • T&D primarily consists of small to medium-sized projects, with some larger High Voltage Direct Current (HVDC) transmission projects. We execute routine maintenance work under long-term Master Service Agreements (MSAs). Strong, long-term drivers will continue to increase T&D sp
Slide 6: Depth & Breadth of Expertise
ELECTRICAL CONSTRUCTION PROJECT DELIVERY DEPTH & BREADTH OF EXPERTISE. Industry leader and trusted partner Strong, long-standing customer alliances Experience with small to large, fast-track projects Deliver highest quality services with skilled experts Strong execution of large projects on stand-al
Slide 7: Business Segment Update: Transmission & Distribution (T&D)
BUSINESS SEGMENT UPDATE TRANSMISSION & DISTRIBUTION (T&D). • Full-year 2025 revenue of $2.00B • Backlog of $1.02B as of December 31, 2025* • Strong, long-standing relationships with a diverse customer base where approximately 60% of business is performed under Master Service Agreements • Acquired th
Slide 8: T&D Market Outlook
STRONG LONG-TERM DRIVERS T&D MARKET OUTLOOK. • U.S. electricity usage is expected to grow by 1 percent in 2026 and 3 percent in 2027, following two years of consumption growth. This would be the strongest four-year growth period since 2000. The driving factor is increased demand from “large computin
Slide 9: Business Segment Update: Commercial & Industrial (C&I)
BUSINESS SEGMENT UPDATE COMMERCIAL & INDUSTRIAL (C&I). • Full-year 2025 revenue of $1.66B • Backlog of $1.80B as of December 31, 2025 • Growth in our core markets is driven by increasing investments in data centers, transportation, clean energy, and healthcare, as well as reshoring of manufacturing,
Slide 10: C&I Market Outlook
STRONG, DIVERSE CORE MARKETS C&I MARKET OUTLOOK. MYR GROUP CORE C&I MARKETS MYR Group’s C&I segment sees steady bidding opportunities in its core markets Data Centers and continues to be well diversified. Airport Projects Transportation Healthcare • FMI’s latest survey of nonresidential construction
Slide 11: Data Center Market Expansion
MARKET OPPORTUNITIES FOR BOTH T&D AND C&I DATA CENTER MARKET EXPANSION. • Data centers, a subsegment of the office sector, has the highest anticipated growth according to FMI’s first quarter DATA CENTER DRIVERS engineering and construction outlook. They estimated that data center market spending was
Slide 12: Clean Energy Transformation Partner
CLEAN ENERGY TRANSFORMATION PARTNER. We don’t just create connections that empower people – we create connections that help our partners achieve their energy goals. 12
Slide 13: Building a Sustainable Future with Corporate Responsibility
BUILDING A SUSTAINABLE FUTURE WITH CORPORATE RESPONSIBILITY. Reducing Our Impact On Projects Keeping Safety at Our Core - Recycling scrap material - Behavioral commitment to safety - Environmental compliance - Strong culture built on leadership, employee dedication, top-notch training programs, indu
Slide 14: Dividend-Adjusted Stock Return
DELIVERING STRONG RETURNS DIVIDEND-ADJUSTED STOCK RETURN. Dividend-Adjusted Stock Return (01/02/2020 - 12/31/2025) MYRG Div.-Adj. Return EME Div.-Adj. Return PWR Div.-Adj. Return MTZ Div.-Adj. Return DY Div. Adj.-Return 1200.0% Dividend Adjusted Stock Return Stock Price as of: MYRG EME PWR MTZ DY PW
Slide 15: Financial Snapshot
DELIVERING STRONG RETURNS FINANCIAL SNAPSHOT. We closed out 2025 with strong fourth quarter financial results, delivering annual Q4 2025 RESULTS revenues of $3.66 billion. Fourth quarter net income was $36.5 million, representing a 129.1 percent increase over the fourth quarter of 2024, with revenue
Slide 16: Balance Sheet Strength
WELL-POSITIONED TO SUPPORT ADDITIONAL GROWTH BALANCE SHEET STRENGTH. CAPEX Investment CAPEX Spend CAPEX % of Rev • Low debt leverage $100 $94.4 10.0% $84.7 • Strong balance sheet with $408M in availability Millions $77.1 $75.9 $80 8.0% under our $490M credit facility and $150M $60 $44.4 $52.4 6.0% c
Slide 17: Financial Performance
DEMONSTRATES STRONG, LONG-TERM EXECUTION FINANCIAL PERFORMANCE. Backlog Backlog > 12 Mo 12 Mo. Backlog 11.3% CAGR Revenue by Work Type $2,824 $3,000 $2,576 Millions $2,502 $2,512 Trans. Dist. C&I 10.2% CAGR $2,500 $4,000 $3,644 $3,658 s $3,362 $2,000 $1,789 n $3,500 $3,009 $1,649 o ill i $3,000 $2,4
Slide 18: Experienced Leadership Team
EXECUTIVES & BOARD OF DIRECTORS EXPERIENCED LEADERSHIP TEAM. MYR Group Inc. has a strong team of BOARD OF DIRECTORS STATISTICS experienced leaders that make up our executive team and Board of Directors. We believe diversity of our leadership is a critical component of creating long-term 25% 38% 88%
Slide 19: Creating Shareholder Value
CREATING SHAREHOLDER VALUE. Strategic expansion of geographic footprint into new markets in the U.S. and Canada Invest in additional fleet and labor resources to ORGANIC GROWTH expand capacity Expand in new and existing markets Leverage extensive bid knowledge and long-term that align with core capa
Slide 20: Reconciliation of Non-GAAP Measures
DEMONSTRATES STRONG LONG-TERM EXECUTION RECONCILIATION OF NON-GAAP MEASURES. EBITDA FREE CASH FLOW ($ In Mi l l i ons , Except Per Sha re Amounts )* FY FY 2020 2021 2022 2023 2024 2025 2025 Net Income $ 58.8 $ 85.0 $ 83.4 $ 91.0 $ 30.3 $ 118.4 Net cash flow from operating activities $ 326.6 Interest
Slide 21: NASDAQ: MYRG myrgroup.com
NASDAQ: MYRG HEADQUARTERS JENNIFER HARPER 12121 Grant Street, Suite 610 MYR Group Inc., Vice President, myrgroup.com Thornton, CO 80241 Investor Relations and Treasurer Investorinfo@myrgroup.com Investorinfo@myrgroup.com 21