EMCOR : Corporate Overview (EME Corporate Overview Presentation February 2025 FINAL)
EME
EMCOR GROUP, INC.
February 26, 2025
KEY TAKEAWAYS
1
EMCOR installs, services, operates, maintains, and protects complex and dynamic systems and critical
infrastructure for facilities in multiple growth sectors of the economy
Expertise in managing skilled trade labor performing complex installations and service across
2 mechanical, electrical, air conditioning, heating, fire protection, lighting, security, and power generation systems
3
Operates at the intersection of long-term megatrends and sectors, including energy transition and
expansion; sustainability and efficiency; and reshoring and nearshoring
4
Resilient and flexible business model with demonstrated ability to pivot to diverse, high-growth sectors
such as data centers, semiconductors, healthcare, life sciences, and EV value chain
5
Mission First, People Always commitment drives our ability to attract, invest in, and retain talent, while
prioritizing the health and safety of our workforce
Track record of disciplined execution has resulted in strong operating cash flow generation and a liquid
6 balance sheet that supports a balanced capital allocation strategy and makes us a valued business partner on large, complex projects
3
EMCOR GROUP, INC.
February 26, 2025
EMCOR AT A GLANCE
Key Highlights
$14.6B
2024 Revenue
MechanicalElectrical
Air Conditioning
Lighting
$10.1B
RPOs1
HeatingSecurity
Fire Protection
Power Generation
~40,4001
Employees
105%
Operating Cash
Flow Conversion2,3
>89M
Hours Worked3
1. As of 12/31/24
4 2. Operating cash flow conversion defined as operating cash flow / operating income 3. For the twelve-month period ended 12/31/24
EMCOR GROUP, INC.
February 26, 2025
BROAD CONSTRUCTION AND SERVICES PLATFORM
Construction Services
Mechanical
Electrical
Selected Areas of Expertise
Mechanical and electrical contractors with
decades of experience in multiple U.S. sectors
~67%
HVAC
High / Low
Fire
Lighting and
Plumbing
of 2024 Revenue
Voltage
Protection
Control Systems
Building Services
U.S.
U.K.
Provider of mechanical services and
construction, site-based facility management
and maintenance, and energy efficiency
services
~24%
of 2024 Revenue
Selected Areas of Expertise
Building Control
Retrofit
Energy Conservation
IAQ
HVAC
Systems
Projects
and Efficiency
Services
Services
Industrial Services
Provider of process turnaround services in
Selected Areas of Expertise
North America
~9%
Heat Exchanger
Renewable
Turnaround
Specialty
of 2024 Revenue
Services / Fabrication
Energy and Solar
Services
Welding
5
EMCOR GROUP, INC.
February 26, 2025
WELL-POSITIONED TO BENEFIT FROM MULTIPLE TRENDS DRIVING PROFITABLE ORGANIC GROWTH
Data Centers
and
Connectivity
Re-Shoring
and
Nearshoring
Electrification
and
EV Value Chain
Energy Efficiency
and
Sustainability
»
Hyperscalers
»
Semiconductor
»
EV & EV Battery
»
Healthcare,
»
Colocation Providers
Manufacturing
Manufacturing
Manufacturing,
Institutional, &
»
Enterprise
»
Pharmaceuticals
»
Electrical Charging
other Commercial
Beneficiaries
»
Technology & Financial
»
Life Sciences
Stations
»
Multisector
Companies
»
Medical Devices
»
Large-Scale Solar
Retrofit Projects
»
Government
»
Computer &
Projects
Electronics
»
Refineries
Construction
Construction
Construction
Construction
Services
Services
Services
Services
Alignment
Building Services
Building Services
Industrial
Building Services
Services
Relevant RPO
Categories
(Sequential / y/y change)1
Network &
Communications
+31% / +80%
High-Tech Manufacturing:
-18% / -30%
Manufacturing and Industrial:
-6% / +7%
Mech. Services:
-6% / +2%
Healthcare:
+8% / +26%
6
1. As of 12/31/24
EMCOR GROUP, INC.
February 26, 2025
WELL-POSITIONED TO BENEFIT FROM EXPECTED ENERGY EFFICIENCY AND SUSTAINABILITY TRENDS
Justin Sant: Portland VA Hospital Retrofit
U.S. Building Services
Mechanical Services
6%
21%
Mechanical Services
$3.1B1
Commercial Site-Based Services
73%
Government Site-Based Services
~2,500 HVAC Technicians
~450 Controls Technicians
~350 Energy Engineers (LEED)
~4,000 Vehicles on Road Daily
7 1. Revenues as of 12/31/24
EMCOR GROUP, INC.
February 26, 2025
EMCOR'S DIVERSE BUSINESS MIX
Broad Construction and
Services Platform
2024 Revenue By Segment
3%
9% 23%
21%
$14.6B
44%
Diverse Remaining Performance Obligations (RPOs) by Sector
($ Millions) (Unaudited)
$11,000
$10,000
$10,102
4%
$8,847
2%
$9,000
3%
7%
$8,000
$7,459
9%
$7,000
11%
$6,000
13%
$5,000
10%
$4,000
$3,000
28%
$2,000
$1,000
13%
$0
12/31/2022
12/31/2023
12/31/2024
Electrical Construction
Commercial
Manufacturing and Industrial
Mechanical Construction
Network and Communications
Water and Wastewater
Building Services
High-Tech Manufacturing
Transportation
Industrial Services
Healthcare
Hospitality and Entertainment
UK Building Services
Institutional
Short Duration Projects
8
EMCOR GROUP, INC.
February 26, 2025
PARTICIPATING IN DIVERSE AND RESILIENT SECTORS
Diverse Remaining Performance Obligations (RPOs)
+20% CAGR
$10.1B
4%
2%
3%
Expanded Disclosure
Since 2023
$4.0B
7%
10%
8%
12%
13%
9%
40%
7%
9%
11%
13%
10%
28%
13%
Commercial
Commercial
Healthcare
Network and
Institutional
Communications
Manufacturing and
High-Tech
Manufacturing
Industrial
Water and Wastewater
Transportation
Hospitality and
Entertainment
Short Duration Projects
Warehouses, office,
retail, and
restaurants
Data centers, data and fiber projects, network cabling, and telecommunications
Semiconductor manufacturing, biotech, life sciences, pharmaceutical, and EV and battery facilities
Demonstrated ability to
pivot business and
workforce to enhance
exposure to resilient and
growing sectors
Expanded sector disclosure, breaking out Network and Communications and High-Tech Manufacturing from Commercial
✓
Limited exposure to new
office construction
projects
✓
Record RPOs, along with a
strong and diverse
pipeline, provide solid near-term line of sight
9
EMCOR GROUP, INC.
LOCAL EXECUTION, NATIONAL REACH
Corporate Headquarters
Construction Services
Building Services
Industrial Services
February 26, 2025
Strategic
Locations in
Key
Geographies
UK
~420
U.S. Locations
~100
Operating
Subsidiaries
Select
Subsidiaries
Construction Services
Building Services
Industrial Services
10
Disclaimer
EMCOR Group Inc. published this content on February 26, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on February 26, 2025 at 20:12:06.594.