Tutor Perini Corporation · NYSE:TPC
Tutor Perini — Investor Presentation (August 2016)
16 slides from Tutor Perini's investor presentation, August 2016
Slide 1: Investor Presentation August 2016
Investor Presentation August 2016
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 global provider of diversified general contracting, design-build and self-perform construction services for private and public clients Tutor Perini rankings (2015/2016): Over 120 years of successful project execution #1 Specialty Contractor in NY region* #4 Domestic Heav
Slide 4: Diverse Geographical Footprint
Diverse Geographical Footprint Well-positioned to capture work in all 50 states and in targeted international markets 3
Slide 5: Significant Projects Driving Performance
Significant Projects Driving Performance (approximate award values) Various New York MTA Projects, NY - $2.2B Alaskan Way Viaduct (SR-99) Replacement, WA (JV) - $1.4B California High-Speed Rail, CA (JV) - $1.3B San Francisco MTA Central Subway, CA - $860M Technology Office Facility, CA - $
Slide 6: Business Organization
Business Organization A Leading Construction Services Firm Q2-16 LTM Revenue: $4.9B Q2-16 LTM EBIT(a)(b): $167M Civil Segment Building Segment Specialty Contractors Segment Q2-16 LTM Revenue: $1.8B Q2-16 LTM Revenue: $1.9B Q2-16 LTM Revenue: $1.2B Q2-16 LTM EBIT: $170.9M(b) Q2-16 LTM EBIT: $39.3M Q2
Slide 7: Civil Segment
Civil Segment Construction and rehabilitation of highways, bridges, tunnels, mass-transit systems and wastewater treatment facilities Focused on large-scale, complex projects ($100M to $1B+) Strong self-performance capabilities Centralized estimation capabilities and sizeable equipment fleet
Slide 8: Building Segment
Building Segment Private / Non-Residential and Public Projects Building Construction Success Drivers Expertise in Hospitality and Gaming, Design-Build and Accelerated Delivery $18B bid pipeline over next one to two years Southeastern U.S. Focus Deep customer relationships and end market ex
Slide 9: Specialty Contractors Segment
Specialty Contractors Segment Electrical Specialty Contractors Success Drivers Based in New York, NY & Houston, TX $3B bid pipeline over next one to two years Electrical / Power Systems Expertise Strong electrical and mechanical proficiencies Self-performing substantial work obtained by th
Slide 10: Integrated Project Approach Success
Integrated Project Approach Success Sample Projects: Hudson Yards Development Platform, tunnel and buildings Midtown Manhattan, NY Total project volume expected to exceed $2B SFMTA Central Subway Underground stations, tracks and systems San Francisco, CA Project value: $860M Hudson Yards Development
Slide 11: Core Strengths Provide Significant Benefits
Core Strengths Provide Significant Benefits Core Strengths Benefits Realized Cost estimating Durable competitive advantage Self-perform capabilities Higher profit margin opportunities Diverse construction experience – Civil and Building Larger project pursuits with fewer competitors Co
Slide 12: $7.3B Backlog to Drive Growth
$7.3B Backlog to Drive Growth (as of Q2-16) Backlog by Segment Backlog by Customer Specialty Contractors Civil Private State and Local Government Building Federal Government $42B pipeline of prospective bids and awards over the next one to two years 11
Slide 13: Financials: Revenue and Adjusted EBITDA
Financials ($ in millions) Revenue Adjusted EBITDA(a) $6,000 $5,600* $300 $287 $5,100* $270 ** 7.0% $5,000 $4,920 $4,492 $250 $244 Adj. EBITDA Margin $4,111 $4,176 $219 $221 6.4% 6.0% Revenue $4,000 Adj. EBITDA $3,716 $200 5.9% 5.8% $185 5.0%** 5.4% $3,000 5.0% $150 $2,000 4.0% $100 3.8% $1,000 $50
Slide 14: Guidance
Guidance (as of August 2, 2016) FY16 Guidance Revenue Range EPS Range* $5.1B - $5.6B $1.90 - $2.20 * Assumptions: Includes $0.48 ($40M) of depreciation and amortization expense (excluding SR-99 project) Includes $0.69 ($58M) of interest expense, of which $0.13 ($11M) will be non-cash 41% effec
Slide 15: Why Invest in Tutor Perini?
Why Invest in Tutor Perini? Market leader with strong résumé of successfully completed projects Domestically focused with limited exposure to economic challenges in Asia and Europe Limited energy sector exposure $7.3B backlog to drive growth $42B pipeline of prospective projects reflects s
Slide 16: Contact: Jorge Casado, Investor Relations
Contact: Jorge Casado Vice President, Investor Relations (818) 408-5746 [email protected]