3. Kiewit
Overview
• $10.3 B revenue in 2014
– 3rd largest contractor in US - ENR
• 12,000 staff & 21,000 craft
– Over 78 M man-hours
• 100% owned by current employees
– Approx. 3,200 shareholders
• Founded in 1884
4. Business
Segments:
Market
Focus
MINING
MINING
BUILDING
BUILDING
OIL,
GAS
&
CHEMICAL
POWER
ENERGY
WATER/WASTEWATER
TRANSPORTATION
INFRSTRUCTURE
KIEWIT
CORPORATION
• Air
• Bridge
• Marine
and
port
facili@es
• Rail
• Roads
• Tunnels
• Gas
• AQCS
• Power
delivery
• Renewables
• Nuclear
• Upstream
—
Offshore
• Upstream
—
Oil
sands
• Midstream
• Downstream
• Dam
• Desalina@on
• Water
supply
• Wastewater
• Commercial
• Data
center/mission
cri@cal
• Government
• Healthcare
• Hospitality
• Manufacturing/industrial
• Mixed
use/retail
• Sports
and
entertainment
• Transit
facili@es
• Contract
mining
• Mine
infrastructure
• Mine
planning
• Ore
processing
• Owned
opera@ons
5. M&A
Criteria
• Core
competencies
• Culture
/
core
values
• Access
to
new
market
or
geography
• Business
we
know
and
understand
• Create
value
and
build
sustainable
compe@@ve
advantage
• Strong
management
team
willing
to
stay
post-‐acquisi@on
• Appropriate
return
on
capital
6. Acquisi@ons
2007
Trois-‐Rivieres,
Quebec
Industrial
construc@on
&
maintenance
–
OGC,
power,
manufacturing
2008
Steamboat
Springs,
CO
Industrial
construc@on
–
power,
process,
mining
2010
Eden
Prairie,
MN
Mechanical/Industrial
contractor
–
OGC
&
power
7. Organic
• Kiewit
Offshore
Services
Ingleside,
TX
-‐
2001
• An@cipated
increased
drilling
ac@vity
in
GOM
&
deepwater
worldwide
• Western
Australia
-‐
Opened
office
in
Perth
in
2009
• Capitalize
on
increasing
demand
for
commodi@es
8. Future
Plans
• Kiewit
Midstream
– Design,
build,
own,
operate
midstream
assets
– Acquire
exis@ng
assets
and
/
or
companies
• Mexico?
Other
Geographic
Markets?
– Opening
up
of
Mexican
oil
and
gas
market
to
foreign
and
private
investment
for
first
@me
in
75+
years
– How
to
par@cipate?