MYR : First Quarter 2025 Investor Presentation

Published: 2025-05-05 22:03:19 ET MYRG

Published on 05/05/2025 at 22:03

INVESTOR PRESENTATION

1

Q 1 | May 2025 | NASDAQ: MYRG

MYR GROUP INC. - A MARKET LEADER IN

INVESTMENT HIGHLIGHTS

65+

MYR Group Inc. is a holding company of subsidiaries that has delivered some of the largest and most notable electrical infrastructure and commercial and industrial projects throughout the United States and Canada, since 1891.

TRANSMISSION & DISTRIBUTION (T&D)

OFFICE LOCATIONS

3

CONTINUED GROWTH

Strong presence in key markets with healthy organic and acquisitive growth

SUPERIOR SAFETY CULTURE

Performance that exceeds industry standards;

2024 stats: TCIR - 0.78 LTIR - 0.10

STRONG FINANCIALS

Strong balance sheet to support future growth and projects of any magnitude with proven execution of corporate strategy

EXTENSIVE RESOURCES & EXPERTISE

Dedicated workforce of 8,500+ employees, centralized operations for greater efficiency and cross-collaboration and one of the largest centralized, specialized fleet in the industry

LONG-STANDING CUSTOMERS

Established client relationships and alliance partnerships across the U.S. and Canada (some held for 50+ years), and more than 90% return clients in both segments

ESSENTIAL CLEAN ENERGY CONTRACTOR

Superior electrical services that support the clean energy transformation and growing electricity demand

EXPERIENCED LEADERSHIP

Executive team that averages more than 29 years of industry experience

COMMERCIAL & INDUSTRIAL (C&I)

TRANSMISSION STREET LIGHTING DISTRIBUTION STORM RESTORATION SUBSTATION STORAGE & SOLAR

COMMERCIAL

INDUSTRIAL TRANSPORTATION

DATA CENTERS

SOLAR

EV CHARGING

Reportable Segments: T&D and C&I

U.S. SPECIALTY ELECTRICAL CONTRACTORS

03/31/2025 LTM

$3.36B

2024

$3.01B

$3.64B

2023

$2.25B

2020

$2.50B

2021

2022

4

CAGR 10.1%

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 Services Agreement (MSAs). Strong, long-term drivers will continue to increase T&D spending.

The core markets we serve in C&I remain active, with multiple growth drivers and notable strength in data center and transportation opportunities.

Reshoring of manufacturing continues to create opportunities in our markets, and both MYR Group business segments are well-positioned to benefit from this.

AI is driving growth in data centers and power demand. Data centers have been an important and growing end market for our C&I segment for a long time, while new interconnections, substations and infrastructure upgrades to data centers pose additional opportunities for our T&D segment.

Strong balance sheet with $379M in availability under our $490M credit facility and debt to LTM EBITDA leverage of 0.68x, which management believes will enable us to meet our working capital needs, support organic growth, pursue acquisitions, and opportunistically repurchase shares.

5

Disclaimer

MYR Group Inc. published this content on May 05, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 06, 2025 at 01:53 UTC.