Quanta Services : May / June 2021 Investor Presentation

Investor

Presentation

May 11, 2021

Repeatable. Sustainable. RESILIENT

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 risk 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, 2020, Quanta's Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 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 measures should not be considered as alternatives to GAAP measures, such as net income 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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KEY TAKEAWAYS

1	Quanta is a services company and the leading specialty infrastructure
solutions provider for the utility, communications and energy industries
2	We self-perform ~85% of our work, which we believe mitigates project
risks and ensures efficiency, safety and cost-certainty for our
	customers
3	Infrastructure opportunities are significant and sustainable. Quanta has
meaningful exposure to highly predictable, largely non-discretionary
	spend across multiple end-markets
4	Quanta is levered to favorable long-term trends such as utility grid
modernization, system hardening, renewables integration, electric
	vehicles, electrification, communications/5G and outsourcing
5	Our portfolio approach has resulted in a strong historical growth and
financial profile with continued opportunity for growth, improved

profitability and solid cash flow over a multi-year period

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WHO IS QUANTA SERVICES?

Leading Specialty Infrastructure Solutions Provider

Recognized market leader in the utility, communications and energy infrastructure industries

Est. more than 70% of 2021 revenues from regulated utilities

Entrepreneurial business model and culture

Largest and preferred employer of craft skilled labor in the industry. We typically self-perform~85% of our work - mitigates risk and provides cost certainty to customers

Strong scope and scale with deep customer relationships. Est. +90% of 2021 revenues from repeatable and sustainable activity

Industry leading safety and

training results	Strong financial
and programs	profile

Solid Performance	12%	+9%	+15%
Through the Cycle

2010 - 2020

Revenue	Adj. EBITDA(1)	Adj.
CAGR	CAGR	EPS(1)
		CAGR
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(1) Refer to appendix for a reconciliation of this non-GAAP measure to its most directly comparable GAAP measure.

CORPORATE RESPONSIBILITY & SUSTAINABILITY

Quanta is Focused on Long-Term Corporate Responsibility and Sustainability

Quanta's sustainability mission centers on collaborating with our customers to meet their needs and creating value for stakeholders, while focusing on employee safety and conducting our business in a socially, economically and environmentally responsible manner

People	Planet	Principles
• Safety drives everything we do - our employees are our #1	• Many of the services we provide facilitate efficient	• Committed to strong corporate governance standards
asset	and safe delivery of clean energy and the migration	• Independent Chairman of the Board and 90%
• Have incrementally invested +$100mm in training and	towards a lower-carbon economy	independent board members
	• 20% female board members
safety initiatives for our employees	• Quanta has an industry-leading reputation for
• Annual election of directors, with four new directors
• Job training for +13,000 people in Quanta training facilities	environmental stewardship during its projects
added since 2016
in 2020	• We recognize the importance of minimizing our
• +97% approval of executive compensation at 2020
• +40,000 Quanta employees received safety training in 2020	environmental impact
annual meeting
• Committed to compliance with environmental rules
• In response to COVID-19, provided +75K standard masks,	• 20% of 2020 target annual cash incentive and 20% of
+150K N95 masks and +20K gallons of sanitizer to	and regulations	2021 target long-term equity incentive based on
employees in the field in 2020	• Expect +90% of fleet will utilize GPS-based	achievement of quantifiable safety and sustainability
• Committed to diversity and inclusion and creating a work	technology for emissions, utilization and efficiency	performance goals
measurement and planning by the end of 2021	• Annual stockholder engagement
environment with equal opportunity for success
	• Robust stock ownership requirements for directors
• Committed to supporting the communities where we live
	and officers
and work
Quanta's 2019 Corporate Responsibility Report
https://esg.quantaservices.com/

Quanta's MSCI ESG rating as of 2020. The use by Quanta of any MSCI ESG Research LLC or its affiliates ("MSCI") data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Quanta by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided 'as-is' and without warranty. MSCI names and logos are trademarks or service marks of MSCI.

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