KeyBanc Capital Markets

Engineering, Construction

& Utilities Conference

December 10, 2013

New York, NY

Forward-Looking Statements

Statements contained in this presentation that are not purely historical are forward-looking statements within the meaning of the

Private Securities Litigation Reform Act of 1995, including without limitation, statements regarding the Company’s expectations,

hopes, beliefs, intentions, or strategies regarding the future, and statements regarding future guidance or estimates and non-

historical performance. These forward-looking statements are based on the Company’s current expectations and beliefs

concerning future developments and their potential effects on the Company. The Company’s expectations, beliefs, and projections

are expressed in good faith and the Company believes there is a reasonable basis for them. There can be no assurance that

future developments affecting the Company will be those that we have anticipated. These forward-looking statements involve a

number of risks, uncertainties (some of which are beyond the control of the Company), or other assumptions that may cause

actual results or performance to be materially different from those expressed or implied by such forward-looking statements.

These risks and uncertainties include, but are not limited to, the Company's ability to successfully and timely complete

construction projects; the Company’s ability to win new contracts and convert backlog into revenue; the Company’s ability to

realize the anticipated economic and business benefits of its acquisitions and its strategy to assemble and operate a Specialty

Contractors business segment; the potential delay, suspension, termination, or reduction in scope of a construction project; the

continuing validity of the underlying assumptions and estimates of total forecasted project revenues, costs and profits and project

schedules; the outcomes of pending or future litigation, arbitration or other dispute resolution proceedings; the availability of

borrowed funds on terms acceptable to the Company; the ability to retain certain members of management; the ability to obtain

surety bonds to secure its performance under certain construction contracts; possible labor disputes or work stoppages within the

construction industry; changes in federal and state appropriations for infrastructure projects and the impact of changing economic

conditions on federal, state and local funding for infrastructure projects; possible changes or developments in international or

domestic political, social, economic, business, industry, market and regulatory conditions or circumstances; and actions taken or

not taken by third parties, including the Company’s customers, suppliers, business partners, and competitors and legislative,

regulatory, judicial and other governmental authorities and officials; and other risks and uncertainties discussed under the heading

“Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Securities and Exchange

Commission on February 25, 2013. The Company undertakes no obligation to update or revise any forward-looking statements,

whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

1

Company Overview

Leading global provider of diversified general

contracting, design-build and self-perform

construction services for private and public clients

Over 115 years of successful project execution

Consistently ranked by Engineering News-Record

among the top U.S. contractors

Headquartered in Los Angeles with office locations

throughout the U.S.

Approximately 11,000 employees worldwide

2

Tutor Perini rankings: #1 Builder in Entertainment #1 Specialty Contractor in NY region #2 Builder in Airports

#3 Builder in Bridges

#3 Builder in Transmission Lines

#5 Builder in Electrical*

#6 Domestic Heavy Contractor

#7 Largest Specialty Contractor*

#7 Builder in Sports

#7 Builder in Wastewater Treatment Plants

#8 Builder in Transportation

#8 Builder in Commercial Offices

#9 Builder in Sewerage & Solid Waste

#10 U.S. General Building Contractor

#10 Builder in Mass Transit

#11 Builder in Education

#11 Builder in Retail

#12 Largest General Contractor

* Includes acquired companies

Diverse Geographical Footprint

Well-positioned to capture work in all 50 states and in targeted international markets

3

Current Significant Projects (values shown are approximate)

Leading market position and scale allows TPC to win large complex projects

4

Alaskan Way Viaduct SR-99, Seattle, WA (JV) - $1.4B

California High-Speed Rail, CA (JV) - $1B

San Francisco MTA Central Subway, CA - $840M

Northern CA Hospitals - $800M

Hudson Yards (South Tower & Amtrak Tunnel Box) - $400M

Broward & San Bernardino County Courthouses - $400M

I-95 New Haven, CT (JV) - $350M

Various Higher Education - $350M

Verrazano-Narrows Bridge Rehab, NY - $235M

MTA Signal System Modernization Projects, NY - $225M

Ft. Lauderdale Int’l Airport Runway (JV) - $200M

Business Organization

A Leading Construction Services Firm

Q3-13 LTM Revenue: $4.2B

Q3-13 LTM EBIT(a)(b): $199M

Building Group

Q3-13 LTM Revenue: $1.6B

Q3-13 LTM EBIT: $19M

Q3-13 Backlog: $1.8B

Civil Group

Q3-13 LTM Revenue: $1.3B

Q3-13 LTM EBIT(b): $147M

Q3-13 Backlog: $3.1B

Management Services

Q3-13 LTM Revenue: $182M

Q3-13 LTM EBIT: $12M

Q3-13 Backlog: $303M

Hospitality / Gaming

Municipal / Government

Healthcare

Education

Sports / Entertainment

Bridges & Tunnels

Mass Transit Systems

Highways

Wastewater Treatment

Facilities

Construction and

Design-Build Services for

U.S. Military and

Government Agencies

U.S. Multi-Nationals

Specialty Contractors Group

Q3-13 LTM Revenue: $1.2B

Q3-13 LTM EBIT: $70M

Q3-13 Backlog: $1.7B

Electrical

Mechanical

Plumbing & Heating

Pneumatic Concrete

Placement

(a) Includes corporate expenses of $48.6M.

(b) Excludes Civil Group litigation charge of $5M in Q4-12.

5

Building Group

Based in Southern Florida

Education and Municipal Projects

Operating companies share expertise across regions

Building Construction Success Drivers

Deep customer relationships & end market expertise

Diversification across end markets

Integrated business model with significant self-perform capabilities

Key strength in conceptual estimating

Expertise in large-scale complex projects

$9.5B bid pipeline over next 12 months

Q3-13 Backlog by End Market: $1.8B

Top Healthcare Builder in California

Large Corporate Customer Base

6

Condos

Hospitality & Gaming

Industrial

Office

Healthcare

Other

Government

Education

Private / Non-Residential and

Public Projects

Expertise in Hospitality & Gaming,

Design-Build, & Accelerated Delivery

Southeastern U.S. Focus

Private / Non-Residential and

Public Projects

37%

27%

14%

4%

2% 3%

1%

11%

Civil Group

Civil construction fuels TPC’s growth

Construction and rehabilitation of highways, bridges, tunnels,

mass transit systems, and wastewater treatment facilities

Focused on large-scale complex projects ($100M to $1B+)

Centralized estimation capabilities & sizeable equipment fleet

Strong self-performance capabilities

Q3-13 Backlog by End Market: $3.1B

Bridges

Mass Transit

Highways

Other

7

Civil Construction Success Drivers

$9B bid pipeline over next 12 months

Strong bipartisan support for infrastructure spending

Financial strength key to obtaining bonding and pre-bid

qualification

Successful bidding often linked to self-performance capabilities

Past performance on similar civil projects

Centrally managed equipment fleet

54%

29%

12%

6%

Condos

Mass Transit

Specialty Contractors Group

Specialty Construction provides unique capabilities that will continue to fuel growth

Q3-13 Backlog by End Market: $1.7B

Based in New York, NY & Houston, TX

Electric / Power Subcontractor

Based in Los Angeles, CA

Expertise in Pneumatic Concrete Placement

Based in New York, NY & Las Vegas, NV

Expertise in Plumbing, HVAC, & Heavy Mechanical

Hospitality & Gaming Transportation

Education

Other

Industrial

Office

Wastewater

8

Electrical

Mechanical

Shotcrete

Specialty Contractors Success Drivers

Strong electrical and mechanical proficiencies

Self-performing more work obtained by the Building, Civil,

and Management Services groups

Continuing to grow and serve existing external customers

Focused on New York, Southeast, & Western U.S.

Healthcare

27%

17%

14% 11%

8%

6%

3% 3%

8% 5%

Management Services Group

Management Services Success Drivers Q3-13 Backlog by Client: $303M

Well-positioned to work on large overseas U.S. government construction programs

Established track record on large government contracts

Established local presence

Largest contractor working in Guam; $250M+ in military

construction projects proposed for FY14

Positioned to quickly mobilize on Middle East projects

Past performance and execution success with outstanding

ratings on similar projects is key

Surety and Other

U.S. Navy

U.S. Army Corps of

Engineers

USAID

9

Construction and design-build services to various

U.S. military and government agencies, surety companies,

& multi-national corporations

Currently participating in 11 multi-year ID/IQ contracts

(>$15B total cap.)

Pursuing selective private international opportunities

U.S. Coast Guard

41%

28%

20%

11%

5%

Integrated Project Approach Success

Key Success Drivers

Integrated service capabilities

proved a competitive advantage

Greater control over schedule

Greater visibility into price

Collaborative bidding approach

Demonstrated execution capabilities

including Building, Civil, & Specialty

Contracting services

Leveraged capabilities of acquired

electrical, mechanical and Shotcrete

expertise in bidding

10

Example Projects:

Hudson Yards Development Midtown Manhattan, NY

Total project expected to exceed $4B

SFMTA Central Subway Underground stations, tracks & systems

San Francisco, CA

Project value: $840M

Core Strengths Providing

Significant Benefits

Core Strengths

Durable competitive advantage

Higher profit margin opportunities

Reduced risk profile

Larger project pursuits with less

competition

Joint ventures opportunities with

other contractors

Rapid mobilization of resources

to best market opportunities

Large public-private partnership

projects

Benefits Realized

11

Cost estimating

Construction risk management

Project management talent & depth

Sizeable equipment fleet

Advanced self-perform capabilities

Broad geographic footprint

Diverse construction experience –

Building & Civil

Strong balance sheet and bonding

capacity

TPC’s competitive strengths provide opportunities for higher margins

Major Growth Opportunities

12

Civil – Transportation

California High-Speed Rail Program ($1.022B JV)

Bridges, Roads, Highways, & Mass Transit Systems

San Francisco MTA Central Subway ($840M)

Verrazano-Narrows Bridge Rehab ($235M)

Amtrak Underground Tunnel Box at Hudson Yards ($133M)

Platform at Hudson Yards ($600M)

Hurricane Sandy Relief Funding ($60B+ approved)

Performed $150M+ in Sandy-related projects to date

Well-positioned for numerous upcoming projects

Buildings

Hudson Yards Development Project

TPC awarded South Tower construction contact

Several additional large awards pending (up to $3B)

$9.5B bid pipeline, including various Hospitality and Gaming projects

69%

21%

6% 4%

92%

5% 3%

86%

11%

3%

Diversified Mix of Customers

and End Markets

Revenue by Segment

Q3-13 LTM

Revenue by Customer

Achieving a balanced customer base while expanding segment diversification

State &

Local Gov’t

Federal Gov’t

Private

Federal Gov’t

State &

Local Gov’t

Private

Building

Civil Management Services

Building

Civil

Management Services

Specialty

State &

Local Gov’t

Federal Gov’t

Private

Civil

Building

Management Services

2010 2007

2010 2007 Q3-13 LTM

47% 44%

9%

Specialty

13

36%

59%

5%

37%

30%

29%

4%

Healthcare

Strong Backlog & Pending Awards (as of Q3-13)

Pending awards of $4.5B

Strongest backlog since 2008 - provides improved revenue & profit visibility

Backlog of $6.9B

Industrial

Government

Transportation

Bridges

Other

Education

Hospitality

& Gaming

Government

Transportation

Mixed-Use

Building

Condo

Other

Office

Wastewater

Hospitality & Gaming

14

Education 40%

14%

11%

13%

6%

4%

4%

2% 1% 2% 2%

66% 10%

7%

3%

3%

7%

2%

2% 1% Condo/Res Industrial Office

Historical Financials

Revenue EBITDA (a) ($ in millions)

3.6%

4.2%

4.9%

6.3%

6.8%

(a) EBITDA is a non-GAAP financial measure; see reconciliation to GAAP

measure in appendix.

(b) Excludes non-cash goodwill and intangible asset

impairment charge of $377M and Civil Group litigation charge of $5M.

(c) Excludes Civil Group litigation charge of $5M.

15

EB

ITD

A M

arg

in

EB

ITD

A

Re

ve

nu

e

(b) (c)

$251

$201

$220 $222

$241

4.9%

6.3% 5.9%

5.4% 5.8%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

$0

$50

$100

$150

$200

$250

$300

2009 2010 2011 2012 Q3-13 LTM

$5,152

$3,199

$3,716

$4,111 $4,191

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

2009 2010 2011 2012 Q3-13 LTM

Historical Financial Overview Revenue & Margins by Business Group ($ in millions)

Building Group Civil Group

16

(a) Excludes non-cash goodwill and intangible asset impairment charge of $377M and Civil Group litigation charge of $5M.

(b) Excludes Civil Group litigation charge of $5M.

(b)

Management Services Group Specialty Contractors Group

(a)

(a)

(a)

(a)

$2,224 $1,825

$1,468 $1,552

4.0%

2.5%

-0.3%

1.2%

-0.4%

0.6%

1.6%

2.6%

3.6%

4.6%

5.6%

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

2010 2011 2012 Q3-13 LTM

Op

era

tin

g M

arg

in

Reve

nu

e

$667

$885

$1,248 $1,259 13.2%

8.9% 9.4%

11.7%

0.0%

3.0%

6.0%

9.0%

12.0%

15.0%

18.0%

$0

$500

$1,000

$1,500

2010 2011 2012 Q3-13 LTM

Op

era

tin

g M

arg

in

Reve

nu

e

$113

$802

$1,183 $1,198

5.6%

8.2%

6.7% 5.8%

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

2010 2011 2012 Q3-13 LTM

Op

era

tin

g M

arg

in

Reve

nu

e

$196 $203 $212

$182

11.3% 11.0%

5.8%

6.6%

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

$0

$100

$200

$300

2010 2011 2012 Q3-13 LTM

Op

era

tin

g M

arg

in

Reve

nu

e

Guidance (as of November 4, 2013)

* Assumptions:

Includes $0.71 ($56M) of depreciation and amortization expense

Includes $0.57 ($45M) of interest expense

Includes potential earn-out contingencies from recent acquisitions

37-38% effective tax rate

49 million average diluted shares outstanding

17

FY13 Guidance

Revenue Range EPS Range*

$4.5B - $5.0B $1.65 - $1.90

Why Invest in Tutor Perini?

18

Market leader with strong resume of successfully completed projects

Consistent record of profitability and liquidity

$6.9B backlog (highest since Q3 2008) + $4.5B in pending awards

Mega-scale project awards = increased growth and profit outlook

Strong $24B bid pipeline of large civil and building projects

Poised to benefit from construction market rebound

Contact:

Jorge Casado

Director, Investor Relations

(818) 408-5746

Jorge.Casado@tutorperini.com