President and Chief Executive Officer James H. Roberts

Transcription

1 President and Chief Executive Officer James H. Roberts D.A. Davidson 14 th Annual Engineering & Construction Conference September 11, 2015 FDOT I-4 Ultimate Improvement 1 P3 Orange County to Seminole County, FL

2 Forward Looking Statements This presentation contains forward-looking statements. Forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from these statements and should be considered in conjunction with cautionary statements and risk factor discussions in our filings with the SEC, including our last annual report on Form 10K and subsequent reports on Form 10Q. Granite assumes no obligation to update any of these forward-looking statements or information. Any non-gaap financial measures provided by the Company are provided in addition to, and not as alternatives for, the Company's reported results prepared in accordance with GAAP. Items that may have a significant impact on the Company's financial position, results of operations and cash flows must be considered when assessing the Company's actual financial condition and performance regardless of whether these items are included in non- GAAP financial measures. The methods used by the Company to calculate its non-gaap financial measures may differ significantly from methods used by other companies to compute similar measures. As a result, any non-gaap financial measures provided by the Company may not be comparable to similar measures provided by other companies. 2

3 Agenda Granite Today Top Trends Executing Our Plan FMI Dump Pocket Excavation Morenci, AZ 3

4 USACE - Folsom Dam Folsom, CA Granite Today 4

5 Granite Today: Core Values a Driving Force Left Coast Lifter crane in New York Harbor (Tappan Zee Bridge) New York, NY 5

6 Granite Today: Safety is a Core Value * * Year to date, through July 31,

7 Granite Today: Execution Drives Results 2015 Year-to-date: Best first-half start since 2009 Five consecutive quarters of margin improvement in vertically integrated business Early-stage portfolio weighting impacts Large Project Construction segment Record Company backlog of $3.0 billion 7

8 USACE - Folsom Dam Folsom, CA Top Trends 8

9 Top Trends: Economic Improvement Steady, modest economic growth: Stable, competitive bidding environments Downturn adjusted market capacity Healthy state and local budgets 9

10 Top Trends: Economic Improvement Vertically integrated business benefits: Construction Materials segment benefitting from committed volume Key geographies benefitting Improved fixed-asset utilization Diversification boosts Construction segment results 10

11 Top Trends: Robust Large Project Opportunities Diverse project bidding: Team early, be choosy Short-list or go TIFIA* P3s* International competition increasing Margin alignment with risk * Transportation Infrastructure Finance and Innovation Act; Public-Private Partnerships. 11

12 Top Trends: Transportation Funding Notable headwind; coming catalyst: Federal (in)action State, local authorities take action Taxiways and runways 12

13 Airport Taxiway Anchorage, AK Executing Our Plan 13

14 Executing Our Plan: Poised for Growth Efficiency in execution: Cost control discipline Investing in our people Culture of Continuous Improvement Strategic investment drives recurring savings, bottom-line returns Growing team, growing business 14

15 Executing Our Plan: Outlook Steady, improving business environment: Maintained guidance after Q2 results Continued steady growth Potential incremental catalysts in focus 15

16 Houston Rapid Transit (HRT) D-B Houston, TX President and Chief Executive Officer James H. Roberts D.A. Davidson 14 th Annual Engineering & Construction Conference September 11,