Everus Construction (ECG) Investor presentation summary

Strategic positioning and business overview

• Operates a national platform with 21 market-leading local brands and approximately 9,400 employees, serving around 4,000 customers and completing 44,000 projects in 2025.

• Focuses on electrical & mechanical (E&M) and transmission & distribution (T&D) services, with E&M accounting for 80% and T&D for 20% of revenues.

• Maintains a diversified end-market presence, including commercial, utility, industrial, institutional, transportation, and renewables.

• Emphasizes complex project execution, high-quality outcomes, and a proven track record.

• Leverages a scalable national platform with deep local expertise and systematic sharing of best practices.

Financial performance and segment results

• Achieved second quarter 2026 revenue growth of 34% (30% organic), driven by 42% growth in E&M and 7% in T&D.

• Record backlog of $4.55 billion as of June 30, 2026, up 53% year-over-year, led by E&M growth.

• Second quarter EBITDA increased 53% to $128.6 million, with margin expansion to 10.4%.

• E&M segment revenues reached $1,010.3 million (+42%), with EBITDA up 72% and margin up 190 bps; T&D revenues were $227.5 million (+7%), EBITDA up 8%.

• Free cash flow for the first half of 2026 was $167 million, up from $6.5 million the prior year.

Growth strategy and operational excellence

• Pursues growth through share gains in existing markets, penetration of higher-growth submarkets, geographic expansion, and strategic M&A.

• Drives operational excellence via workforce training, sharing of lessons learned, safety focus, and leveraging pre-construction design capabilities.

• Early adopter of pre-fabrication and modular construction, enhancing safety, efficiency, and project quality.

• Recent acquisition of Epsilon Industries for $295 million expands off-site construction capabilities and diversifies end-market exposure.