Post on 27-Jul-2020
2016 Annual Meeting of Shareholders June 9, 2016
Welcome and Introductions Report of the Secretary Presentation of Ballot Items Election Results CEO Presentation
AGENDA
2
President & Chief Executive Officer James H. Roberts June 9, 2016
4
SAFE HARBOR 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.
COMMITMENT TO CORE VALUES
5
NAMED BY FORBES® AS ONE OF THE BEST MID-SIZE EMPLOYERS & MOST TRUSTWORTHY COMPANIES
7 STRAIGHT YEARS
Capay Facility VALLEY REGION - CALIFORNIA
6.5
5.6 6.3
5.9 5.2
4.2
3.4 2.9 2.8
2.4 2.5 1.9 2.1 1.9
1.5 1.1 1.0*
SAFETY: INCIDENT RATE DECLINE CONTINUES
* OSHA Recordable Incident Rate; Year-to-date 2016 rate through 5/31/2016. 6
7
2015 RESULTS
$242.2
$303.4
2014 2015
GROSS PROFIT*
$303.4 Million
* Percentages denote gross profit margin as a percentage of revenue
10.7% 12.8%
FINANCIAL RESULTS
8
REVENUE
$2.37 Billion
$2.28
$2.37
2014 2015
EARNINGS PER SHARE*
$1.52
* On a diluted basis
$0.64
$1.52
2014 2015
FINANCIAL STRENGTH
9
$2.7 $2.9
2014 2015
BACKLOG
$2.9 Billion
* Cash and marketable securities.
$358 $359
2014 2015
$359 Million CASH*
strong Backlog trends across end markets & geographies
our Balance Sheet remains a resource
for growth
10
Business Definition Considerations Themes
STRATEGIC OUTLOOK
Granite is in the
business of delivering
infrastructure
solutions for public
and private clients in
North America
12
STRATEGIC CONSIDERATIONS
Execute flawlessly by leveraging people, resources and systems
Create and optimize shareholder value
Monitor, evaluate, refine and communicate on an ongoing basis
13
STRATEGIC THEMES
BUILDING VALUE TOGETHER
14
STAKEHOLDER VALUE IN FOCUS
• Growth creates career opportunities • Talent and capability development • Total reward enhancement • Long-term Company vision, plan
Employees
• Short- and long-term profit, earnings growth • Efficient use of capital • Total Shareholder Return in top 25% of peers • Balanced risk-reward return
Shareholders
PROJECT TOUR
LARGE PROJECTS
I-40/440 Raleigh, NC SOUTHEAST REGION
Southeast Connector Reno, NV WEST REGION
Houston Rapid Transit Houston, TX
CENTRAL REGION
Tappan Zee Bridge Tarrytown, NY
NORTHEAST REGION
OARS Project Columbus, OH KENNY – TUNNEL DIVISION
CONSTRUCTION
Rosamond Solar Project CA CENTRAL REGION
Mormon Island Auxiliary Dam CA VALLEY REGION
SLC Airport Runway UTAH REGION
SunLink™ Tucson Modern Street Car ARIZONA REGION
Chicago Sewer Rehabilitation KENNY – UNDERGROUND DIVISION
Laredo, TX KENNY – POWER DIVISION
Capay Facility CA COASTAL REGION
AC Plant Relocation CA DESERT CITIES REGION
CONSTRUCTION MATERIALS
Coalinga Facility CA CENTRAL REGION
Smith Island AC Plant WASHINGTON REGION
Walker Facility UTAH REGION
President & Chief Executive Officer James H. Roberts June 9, 2016
2016 Annual Meeting of Shareholders June 9, 2016