雷语: NOVEMBER 2020 INVESTOR PRESENTATION A LEADING INFRASTRUCTURE COMP FORWARD-LOOKING STATEMENTS 2 This presentation contains "forward‐looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding Construction Partners, Inc. (the "Company"), its financial condition, its results of operations and the Company's current views based on information currently available. This information is, where applicable, based on estimates, assumptions and analysis that the Company b ...

Construction Partners, Inc. (NASDAQ:ROAD) Q3 2020 Earnings Conference Call August 7, 2020 10:00 AM ET Company Participants Rick Black - Investor Relations Charles Owens - Chief Executive Officer Ned Fleming - Executive Chairman Alan Palmer - Chief Financial Officer Jule Smith - Chief Operating Officer Conference Call Participants Josh Wilson - Raymond James Andrew Wittmann - Baird Michael Feniger - Bank of America Adam Thalhimer - Thompson Davis Brent Thielman - D.A. Davidson Operator Greetings, and welcome ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38479 Construction Partners, Inc. Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR (Exact Name of Registrant as Specified in its Charter) | Delaware | 26-0758017 ...

BAIRD 2020 GLOBAL CONSUMER, TECHNOLOGY & SERVICES CONFERENCE June 2, 2020 FORWARD-LOOKING STATEMENTS 2 This presentation contains "forward‐looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding Construction Partners, Inc. (the "Company"), its financial condition, its results of operations and the Company's current views based on information currently available. This information is, where applicable, based on estimates, assumptions and analysis that the Compa ...

Construction Partners, Inc. (NASDAQ:ROAD) Q2 2020 Earnings Conference Call May 8, 2020 10:00 AM ET Company Participants Rick Black - Investor Relations Charles Owens - President and Chief Executive Officer Ned Fleming - Executive Chairman Alan Palmer - Chief Financial Officer Conference Call Participants Adam Thalhimer - Thompson Davis Michael Feniger - Bank of America Merrill Lynch Andrew Wittmann - Robert W. Baird Noah Merkousko - Stephens Josh Wilson - Raymond James Brent Thielman - D.A. Davidson Operato ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38479 Construction Partners, Inc. (Exact Name of Registrant as Specified in its Charter) | Delaware | 26-075801 ...

Construction Partners, Inc. (NASDAQ:ROAD) Q1 2020 Earnings Conference Call February 7, 2020 10:00 AM ET Company Participants Rick Black – Investor Relations Charles Owens – President and Chief Executive Officer Ned Fleming – Executive Chairman Alan Palmer – Chief Financial Officer Conference Call Participants Adam Thalhimer – Thompson, Davis Michael Feniger – Bank of America Merrill Lynch Andrew Wittmann – Robert W. Baird Noah Merkousko – Stephens Josh Wilson – Raymond James Bill Newby – D.A. Davidson Oper ...

[PART I. FINANCIAL INFORMATION](index=6&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This section presents the company's unaudited consolidated financial information for the period, including statements and management's discussion and analysis [Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited consolidated financial statements for the three months ended December 31, 2019, including balance sheets, income statements, equity, and cash flows, with explanatory notes [Consolidated Balance Sheets](index=6&type=section&id=Consolidated%20Balance%20Sheets) This table provides a snapshot of the company's financial position, detailing assets, liabilities, and equity as of December 31, 2019, and September 30, 2019 | Balance Sheet Items (in thousands) | Dec 31, 2019 (unaudited) (in thousands) | Sep 30, 2019 (in thousands) | | :--- | :--- | :--- | | **Total current assets** | $234,501 | $279,966 | | **Total assets** | $524,548 | $531,769 | | **Total current liabilities** | $102,886 | $128,173 | | **Total liabilities** | $175,364 | $188,219 | | **Total stockholders' equity** | $349,184 | $343,550 | [Consolidated Statements of Income](index=7&type=section&id=Consolidated%20Statements%20of%20Income) This table presents the company's financial performance, including revenues, gross profit, operating income, net income, and diluted EPS for the three months ended December 31, 2019 and 2018 | Income Statement Items (in thousands) | Three Months Ended Dec 31, 2019 (in thousands) | Three Months Ended Dec 31, 2018 (in thousands) | | :--- | :--- | :--- | | **Revenues** | $175,314 | $154,327 | | **Gross profit** | $23,757 | $21,128 | | **Operating income** | $6,953 | $7,031 | | **Net income** | $5,461 | $5,154 | | **Diluted EPS** | $0.11 | $0.10 | [Consolidated Statements of Stockholders' Equity](index=8&type=section&id=Consolidated%20Statements%20of%20Stockholders'%20Equity) This section details changes in stockholders' equity, primarily driven by net income for the quarter - Total stockholders' equity increased from **$343.6 million** at September 30, 2019, to **$349.2 million** at December 31, 2019, primarily driven by net income of **$5.5 million** for the quarter[14](index=14&type=chunk) [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) This table summarizes the cash inflows and outflows from operating, investing, and financing activities for the three months ended December 31, 2019 and 2018 | Cash Flow Items (in thousands) | Three Months Ended Dec 31, 2019 (in thousands) | Three Months Ended Dec 31, 2018 (in thousands) | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $1,547 | $1,211 | | **Net cash used in investing activities** | $(40,351) | $(5,070) | | **Net cash provided by (used in) financing activities** | $7,628 | $(3,711) | | **Net change in cash and cash equivalents** | $(31,176) | $(7,570) | | **Cash and cash equivalents, end of period** | $49,443 | $91,567 | [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) These notes provide detailed explanations of the company's accounting policies, significant transactions, and other financial information supporting the consolidated financial statements - The company operates as an infrastructure and road construction company across Alabama, Florida, Georgia, North Carolina, and South Carolina, with business typically seasonal, showing higher activity in the third and fourth fiscal quarters due to warmer and drier weather[17](index=17&type=chunk)[19](index=19&type=chunk) - On October 1, 2019, the company acquired an HMA manufacturing plant and paving company in Palm City, Florida, for **$17.7 million**, paid from cash on hand, expecting geographic synergies with existing Florida operations[48](index=48&type=chunk) - As of December 31, 2019, the company reported approximately **$456.5 million** in backlog, with **$327.2 million** anticipated to be recognized as revenue during the remainder of fiscal year 2020[53](index=53&type=chunk) - The effective income tax rate for the three months ended December 31, 2019, was **19.5%**, a decrease from **24.3%** in the prior year, primarily due to a **$0.4 million** benefit from an amended state return and net operating loss carryforwards[62](index=62&type=chunk) - The company adopted ASC Topic 842 on October 1, 2019, recognizing operating lease right-of-use assets of **$9.1 million** and total operating lease liabilities of **$9.3 million** on the balance sheet[45](index=45&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the first quarter fiscal 2020 financial results, highlighting revenue growth, key performance indicators, liquidity, capital resources, and risk management [Results of Operations](index=30&type=section&id=Results%20of%20Operations) This section analyzes the company's financial performance, detailing revenue growth, gross profit, net income, and Adjusted EBITDA for the quarter | Metric (in thousands) | Q1 2020 (3 mos ended 12/31/19) (in thousands) | Q1 2019 (3 mos ended 12/31/18) (in thousands) | % Change | | :--- | :--- | :--- | :--- | | **Revenues** | $175,314 | $154,327 | 13.6% | | **Gross Profit** | $23,757 | $21,128 | 12.4% | | **Net Income** | $5,461 | $5,154 | 6.0% | | **Adjusted EBITDA** | $17,208 | $14,712 | 17.0% | - Revenue for Q1 2020 increased by **$21.0 million** (**13.6%**) year-over-year, comprising **$13.1 million** from acquisitions and **$7.9 million** from organic growth[86](index=86&type=chunk) - General and administrative expenses rose by **18.6%** to **$17.1 million**, driven by increased payroll and benefits (**$1.4 million**), acquisition costs (**$0.8 million**), and higher stock compensation expense (**$0.4 million**)[88](index=88&type=chunk) - Adjusted EBITDA Margin improved to **9.8%** from **9.5%** in the prior-year quarter, primarily due to higher gross profit and increased depreciation, depletion, and amortization[94](index=94&type=chunk) [Liquidity and Capital Resources](index=32&type=section&id=Liquidity%20and%20Capital%20Resources) This section discusses the company's cash flow, debt compliance, and future capital expenditure plans - Net cash used in investing activities significantly increased to **$40.4 million** from **$5.1 million** in the prior-year quarter, driven by a **$17.7 million** acquisition and **$16.2 million** in property, plant, and equipment purchases, including an **$11.5 million** equipment lease buyout[99](index=99&type=chunk) - The company complied with all BBVA Credit Agreement financial covenants as of December 31, 2019, maintaining a fixed charge ratio of **3.51-to-1.00** (minimum **1.20**) and a consolidated leverage ratio of **0.73-to-1.00** (maximum **2.75**)[103](index=103&type=chunk) - For fiscal year 2020, total capital expenditures are projected to be between **$44.0 million** and **$47.0 million**, excluding the **$11.5 million** spent on equipment lease buyouts in Q1[106](index=106&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=36&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, Construction Partners, Inc. is not required to provide the information requested under this item - As a smaller reporting company under Rule 12b-2 of the Exchange Act, the company is exempt from providing quantitative and qualitative disclosures about market risk[114](index=114&type=chunk) [Controls and Procedures](index=36&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures and concluded they were effective as of December 31, 2019 - The CEO and CFO concluded that as of December 31, 2019, the company's disclosure controls and procedures were effective in ensuring timely recording, processing, and reporting of material information[115](index=115&type=chunk) - New controls were implemented during the quarter in relation to the adoption of the new lease accounting standard, ASC Topic 842[116](index=116&type=chunk) [PART II. OTHER INFORMATION](index=37&type=section&id=PART%20II.%20OTHER%20INFORMATION) This section covers other required disclosures, including legal proceedings, risk factors, equity sales, defaults, mine safety, and exhibits [Legal Proceedings](index=37&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in routine litigation and government inquiries in the ordinary course of business, with management believing no pending matters will have a material adverse effect - Management, in consultation with legal counsel, believes no pending litigation, disputes, or claims would materially adversely affect the company's financial condition, cash flows, or results of operations if decided adversely[120](index=120&type=chunk) [Risk Factors](index=37&type=section&id=Item%201A.%20Risk%20Factors) This section refers to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the fiscal year ended September 30, 2019, indicating no material changes - No material changes have occurred to the risk factors previously disclosed in the company's 2019 Form 10-K[121](index=121&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=37&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the reported quarter, the company did not sell any unregistered equity securities nor did it repurchase any of its own equity securities - The company did not sell any unregistered equity securities during the period[122](index=122&type=chunk) - The company did not purchase any of its equity securities during the quarter[123](index=123&type=chunk) [Defaults Upon Senior Securities](index=37&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities during the period - None[124](index=124&type=chunk) [Mine Safety Disclosures](index=37&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) Information regarding mine safety violations and other regulatory matters as required by the Dodd-Frank Act is included in Exhibit 95.1 of this report - Information regarding mine safety violations is provided in Exhibit 95.1 to this Quarterly Report on Form 10-Q[125](index=125&type=chunk) [Other Information](index=37&type=section&id=Item%205.%20Other%20Information) There is no other information to report for this item - None[126](index=126&type=chunk) [Exhibits](index=38&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate governance documents, loan agreements, officer certifications, and XBRL data files - Exhibits filed with this report include CEO and CFO certifications (Exhibits 31.1, 31.2, 32.1, 32.2), Mine Safety Disclosures (Exhibit 95.1), and various XBRL files[127](index=127&type=chunk)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Commission file number: 001-38479 CONSTRUCTION PARTNERS, INC. (Exact name of registrant as specified in its charter) Delaware (State or Other Jurisdiction of Incorporation or Organization) 26-0758017 (I.R.S. Employer Identification Number) (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUA ...

Construction Partners, Inc. (NASDAQ:ROAD) Q4 2019 Earnings Conference Call December 10, 2019 11:00 AM ET Company Participants Rick Black - Investor Relations Charles Owens - President & Chief Executive Officer Ned Fleming - Executive Chairman Alan Palmer - Chief Financial Officer Conference Call Participants Andrew Wittmann - Robert W. Baird & Company Josh Wilson - Raymond James Noah Merkousko - Stephens Inc. Brent Thielman - D.A. Davidson Adam Thalhimer - Thompson Davis Operator Greetings, and welcome to t ...