Astec Industries, Inc. · NASDAQ:ASTE
Astec Industries — Baird Industrial Conference 2022
12 slides from Astec Industries's conference presentation, Nov 9, 2022
Slide 1: Baird Industrial Conference presenters
Barry Ruffalo, CEO Steve Anderson, SVP
Slide 2: About Astec and Revenue Mix
ABOUT Revenue Mix ~$1.1 BILLION in FY2021 Astec is a leading manufacturer of equipment for asphalt road building, aggregate processing and concrete production. Products include rock crushing Headquarters and screening plants, hot mix asphalt (HMA) facilities, concrete plants, milling Chattanooga, TN
Slide 3: Key Investment Highlights
Leadership positions within attractive niche markets in industries Key Investment 1 benefiting from long-term secular trends including population growth, Highlights urbanization and aging infrastructure Industry-leading reputation for innovation, high-quality products and 2 superior customer service
Slide 4: The Rock to Road Portfolio
The ROCK to ROAD Infrastructure PORTFOLIO Solutions ASPHALT & CONCRETE PROCESSING, INDUSTRIAL HEATING and CONSTRUCTION MACHINERY Materials Solutions CRUSHING & SCREENING FOR RAW MATERIALS 4
Slide 5: 32 Locations Worldwide
32 Locations Worldwide 24 Manufacturing/Sales Locations 8 Sales Only Locations Strategic Focus Areas | Australia | India | Latin America | Middle East | Northern Africa
Slide 6: Our Profitable Growth Strategy
Our Profitable Growth Strategy SIMPLIFY FOCUS GROW Leverage Actions Taken to Utilize OneASTEC Business Drive Growth through Further Simplify the Business Model to Enhance Efficiency Organic and Inorganic • Leverage global footprint and across the Organization Opportunities (Rock to Road) scale while
Slide 7: Disciplined Capital Deployment Framework
Disciplined Capital Deployment Framework 20% Plant, Property & •Internal investments targeting return objectives of Equipment >14% ROIC •Acquired MINDS Automation 3/22/22 ($19.3M Acquisitions purchase price) to build digital platform 4% USE OF CASH 44% •Future acquisitions to align with growth strat
Slide 8: Federal Highway Investment
Federal Highway Investment 8
Slide 9: Federal-Aid Highway Formula Funds Committed by States
Federal-Aid Highway Formula Funds Committed by States, through August $60 $60.0 $52.6 $50 $50.0 $42.4 $41.6 $40 $40.0 In billions $30 $30.0 $20 $36.9 $40.0 $20.0 $35.2 $10 $10.0 $0 $0.0 FY 2020 FY 2021 FY 2022 Formula Funds Committed YTD Total Funds Available Source: U.S. Treasury data, Treasury acc
Slide 10: Value of State & Local Government Contract Awards
Value of State & Local Government Contract Awards, YTD through August $60 $55.5 $50 $44.4 $46.1 $40.3 $41.4 Billions of $ $40 $35.9 $30 $20 $13.2 $14.5 $11.9 $13.0 $12.2 $15.0 $10 $0 2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022 Highways Bridges Source: ARTBA analysis of data from Dodg
Slide 11: 50 Years of Connecting the World
50 Years of Connecting the World Founded in 1972 by inventor and entrepreneur Dr. J. Don Brock Innovative products have revolutionized the Rock-to-Road value chain Launched Simplify, Focus and Grow initiative in 2019 to enhance stakeholder value 11
Slide 12: Questions and Answers
X ASTEC Questions and Answers