Energy Services of America (ESOA) Investor presentation summary

Business overview and market position

• Provides industrial and infrastructure construction services across water, natural gas, electrical, mechanical, and general contracting sectors in the mid-Atlantic and Central U.S.

• Operates through three business models: water & natural gas distribution, natural gas transmission, and electrical, mechanical & general construction.

• Serves blue-chip clients in utilities, power, automotive, and manufacturing, including AEP, Dominion, Toyota, Dow, and Nucor.

• Maintains long-standing relationships with leading utilities and industrial manufacturers.

• Member of the Russell 2000 index, supporting institutional ownership and liquidity.

Financial performance and growth

• Achieved record FY2025 revenue of $411M, a 3.4x increase since FY2020; trailing twelve months revenue at $467.4M as of 6/30/26.

• Adjusted EBITDA reached $33.1M (7.1% margin) for TTM ended 6/30/26, with management targeting $50M within 12–18 months.

• Backlog at $286.6M as of 6/30/26, up 10% in nine months and 4.5x since FY2020, providing strong revenue visibility.

• Net debt reduced to ~$30M at 6/30/26, down from $60M at 9/30/25; book value per share increased 27% in six months to $4.51.

• Annualized dividend rate doubled in FY2025 and increased again in Q3 FY2026; active share repurchase program ongoing.

Strategic initiatives and growth levers

• Pursues organic growth by expanding newer subsidiaries and deepening customer relationships in infrastructure and manufacturing.

• Executes a disciplined M&A strategy, acquiring and integrating companies to broaden services and geographic reach.

• Recent acquisitions include West Virginia Pipeline, Tri-State Paving & Sealcoating, Heritage Painting, Tribute Contracting, and Rigney Digital Systems.

• Satellite offices in MI, OH, TN, and KY support expansion into adjacent markets.

• Insider ownership stands at ~26% of shares outstanding, aligning management with shareholder interests.