Quanta Services : Earnings Presentation Q2 2022

Second Quarter 2022

Earnings Call Presentation

August 4, 2022

Notice to Investors

This presentation (and oral statements regarding the subject matter of this presentation) includes forward-looking statements intended to qualify under the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include any statements reflecting Quanta's expectations, intentions, strategies, assumptions, plans or beliefs about future events or performance or that do not solely relate to historical or current facts. Forward-looking statements involve certain risks, uncertainties and assumptions that are difficult to predict or beyond Quanta's control, and actual results may differ materially from those expected, implied or forecasted by our forward-looking statements due to inaccurate assumptions and known and unknown risks and uncertainties. For additional information concerning some of the risks, uncertainties, assumptions and other factors that could affect our forward-looking statements, please refer to Quanta's Annual Report on Form 10-K for the year ended December 31, 2021, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022 (when filed) and other documents filed with the Securities and Exchange Commission, which are available on our website (www.quantaservices.com), as well as the risks, uncertainties and assumptions identified in this presentation. Investors and analysts should not place undue reliance on Quanta's forward-looking statements, which are current only as of the date of this presentation. Quanta does not undertake and expressly disclaims any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this presentation or otherwise, and Quanta expressly disclaims any written or oral statements made by any third party regarding the subject matter of this presentation.

Certain information may be provided in this presentation that includes financial measurements that are not required by, or presented in accordance with, generally accepted accounting principles (GAAP). These non-GAAP financial measures should not be considered as alternatives to GAAP financial measures, such as net income attributable to common stock and cash flow provided by operating activities, and may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. For a reconciliation to the most directly comparable GAAP financial measures, please refer to the accompanying reconciliation tables.

The information contained in this document has not been audited by any independent auditor. This presentation is prepared as a convenience for securities analysts and investors and may be useful as a reference tool. Quanta may elect to modify the format or discontinue publication at any time, without notice to securities analysts or investors.

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Call Participants and Agenda

Duke Austin	•	Introduction and Forward-Looking
President and Chief Executive Officer		Statements Disclaimer
Derrick Jensen	•	2Q22 Results, Operational and Strategic
	Commentary
Executive Vice President - Business Operations
•	Financial Review and Discussion
Kip Rupp	•	Outlook
Vice President, Investor Relations	•	Q&A

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Second Quarter 2022 Overview

• Great start to the year that included many record second quarter and first half results
• Continued solid execution and profitable growth
• • Strong revenue growth in each segment
• Momentum building for profitable growth in 2023
• Strong total backlog(1) of $19.9 billion
• • Record twelve-month backlog
  • Opportunity for new levels of record total backlog in the coming quarters
  • Negotiating several large MSA renewals, have significant levels of limited notices to proceed and are actively pursuing larger electric transmission projects
• Multi-yeargrowth opportunities driven by solutions-based strategy, growth of programmatic spending with existing and new customers and favorable energy transition and technology enablement megatrends

	*Adj.
	EBITDA(1)
*Operating	*Adj.
EPS(1)
Income
$422.1MM
$208.4MM	$1.54
*Revenue	Cash from
Operations
$4.2B	$118.7MM
	Strong
	Results

* Indicates record quarterly result or record second quarter result

SOLID 2022 START, MOMENTUM BUILDING FOR 2023

4	(1) Refer to the appendix for a reconciliation of this non-GAAP financial measure to its most directly comparable GAAP measure.

Electric Power Infrastructure Solutions

• Another solid quarter of profitable growth. Reflects solid and safe execution and robust demand for our services
• Successfully managing through supply chain challenges causing limited delays and resource utilization inefficiencies
• • Expect short-term delays on the timing of certain transmission work
  • Continue to collaborate with customers to provide mitigation solutions
• Demand for our services driven by grid modernization, system hardening initiatives, reputation for solid and safe execution
• • Communications operations continued to execute well
• Signed MSA to provide turnkey engineering, construction and program management solutions in support of the deployment of a national EV direct current (DC) fast charging network
• • Includes one of the world's largest auto manufacturers, North America's largest operator of travel centers and the nation's largest public fast charging EV network
  • Network expected to include as many as 2,000 DC charging stalls at hundreds of travel locations across the United States

CONTINUED STRONG DEMAND FOR QUANTA'S ELECTRIC POWER INFRASTRUCTURE SOLUTIONS

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