MasTec (MTZ) Investor presentation summary

Strategic positioning

• Positioned as a scaled infrastructure platform serving multiple end markets, with management citing durable growth, operating leverage and margin upside.

• Growth drivers include data-center power demand, grid modernization, broadband expansion and continued investment in renewables and gas infrastructure.

• Diversified exposure across four segments is intended to support multi-cycle revenue visibility and reduce cyclical risk.

• Addressable markets total ~$4.57T cumulatively for 2026–2030; fragmented markets and demand for national-scale execution create growth opportunities.

Scale and execution

• FY25 snapshot: $14.3B revenue, $19.0B backlog, 35,000+ employees, 800+ locations and a $3.9B gross equipment fleet.

• As of September 30, 2026, workforce was ~42,000; the platform had ~$3.3B of gross equipment value based on 2025 actuals.

• More than 40 training centers, ~3,700 unique courses and ~450,000 completed training courses support workforce development.

• Top 10 customers represented 34% of 2025 revenue; average top-10 customer relationship exceeded 20 years.

Segment opportunities

• Power Delivery: $1,095B+ cumulative TAM; demand tied to data centers, electrification, grid resilience, modernization and generation interconnections.

• Clean Energy & Infrastructure: $3,020B cumulative TAM, spanning renewables, data centers, transportation, industrial projects and water infrastructure.

• Communications: $295B cumulative TAM; wireless densification, spectrum deployment, FTTH, rural broadband and data-center fiber interconnections support demand.

• Pipeline Infrastructure: $160B cumulative TAM; new natural-gas takeaway capacity, gas-generation demand and ongoing network maintenance are key drivers.

• Renewables has 10 large-scale BESS projects underway and 1 GWh+ projects in engineering; 15 new service MSAs were signed over the past two years.