Construction Partners Investor Presentation — August 2021

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Construction Partners, Inc. Announces

Fiscal 2021 Third Quarter Results

Company Reports Record Backlog of $823 Million

Company Revises FY 2021 Outlook Ranges

DOTHAN, Ala., Aug. 6, 2021 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD)

("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in

the construction and maintenance of roadways across five southeastern states, today

reported financial and operating results for the fiscal quarter ended June 30, 2021.

Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "Our

business performed very well in the quarter, generating top-line revenue growth of more

than 20% versus the comparable prior year quarter. Across our footprint, we continued to

win new project work, and importantly, we grew backlog to a record $823 million by the end

of the third quarter. This growth of backlog, combined with a bright outlook for infrastructure

funding at both the state and federal levels, has compelled us to invest this fiscal year in our

people and technology to prepare for and support future growth. While this investment for

future growth adversely impacts profitability in the short term, we see these investments as

vital as we continue to scale the business and grow through organic expansion and

acquisition opportunities."

Revenues for the third fiscal quarter of 2021 were $261.7 million, an increase of 20.6%

compared to the third fiscal quarter of last year. Gross profit was $36.6 million in the third

fiscal quarter of 2021, compared to $36.9 million in the third fiscal quarter of last year.

General and administrative expenses were $23.2 million for the third fiscal quarter of 2021,

compared to $16.9 million in the third fiscal quarter of last year. The increase in general and

administrative expenses was primarily due to additional payroll costs associated with

acquisitions completed during fiscal 2021, as well as compensation-related initiatives.

Net income was $9.3 million for the third fiscal quarter of 2021, compared to net income of

$15.8 million in the third fiscal quarter of last year.

for the third fiscal quarter of 2021 was $29.0 million, compared to $32.0

million for the third fiscal quarter of last year.

Project backlog was $822.9 million at June 30, 2021, compared to $651.2 million at June 30,

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