HUMAN RESOURCES WELCOME TO THE TEAM

BARRY HENNINGS President/CEO

All companies must grow to be successful and to provide growth and advancement opportunities for their employees. Our 2022 was a remarkable year for Omega in both revenue growth and employee growth. As we finish the first half of 2023, this year is shaping up to be another banner year for Omega in supporting the growth trend. Some highlights of our continued growth include:

Corporate

• Almost 100% YOY revenue growth in 2022 to $410 million

• 15% growth in employees to 121 full-time employees

• Right-sizing overhead to support growth

• Maintained strong backlog going into 2023

Winston- Salem Office

• Completed 2 expansions for added personnel

• Added 33 new employees In 2022

Savannah office

• Moved into our new office building at 110 Park of Commerce Drive

• Increased backlog

• 16 Savannah office and field employees

Upstate Office

• Opened Upstate office in Greenville under Don Warren’s leadership

• Focus on Design-Build industrial and manufacturing sector

• Moved into 2500-square-foot, renovated office space at 750 Executive Center Drive

• Added in-house BIM capability

• 8 Upstate office and field employees

Omega’s personnel prior to 2015 consisted mostly of legacy Omega employees and approximately fifty former John S. Clark employees. Opening the Savannah and Upstate offices included the addition of employees outside this circle. With these new employees came outside perspectives on operations, policies, and procedures that provided us with an opportunity to reassess and improve. These insights have been positive for Omega’s growth, progression, and strategic planning.

The first quarter of 2023 was a great start to the year with a 94% increase in revenue over the first quarter of 2022. A solid backlog and continuous opportunities in NC, SC, GA, and VA encourage optimism in the short term and support an outlook for a mild recession, especially in our primary markets.

Christopher Chung, CEO of the leading economic development organization in North Carolina, EDPNC, reported to attendees at the recent MFGCON conference in Winston-Salem that his organization was currently competing for 240 potential new and expansion projects in North Carolina with the potential for 89,000 new jobs and $103 billion in capital investments. Christopher also stated that he has not seen evidence of a significant slowdown in project activity yet. Unforeseen conditions could arise that would put a damper on activity, but planning for growth by utilizing the best information available and maintaining a conservative approach should serve us well.

We have been fortunate to add team members who embrace a culture of care, investment, relationships, integrity, and operational excellence. With growth, there is always some risk so it is important for all employees to understand, appreciate, embrace, and practice our Core Values.

We are excited about the Omega team and the opportunities for the future.

Human Resources Update

Our 2023 Annual Project Manager and Superintendent Meeting was held earlier this year in February at the Masonic Center in Winston Salem. We had our best turnout ever with over 90 employees in attendance. If you were unable to attend or would like to review, the recording of the annual meeting can be found on the Intranet/ Employee Portal.

We are still looking for great people to add to the Omega family and have been hot on the recruiting trail, attending events at Appalachian State, Georgia Southern, East Carolina, Wake Tech, and UNC-Charlotte. Omega offers a bonus to employees for referring candidates to Omega. The details of this program can be found on the Employee Portal under Employee Referral Program.

Thank you all for the work that you do every day!

401(K) RESOURCE CENTER

The resource center includes:

• 4-minute video on plan rules and plan highlights

• Link to Empower 401k website with participant hotline, in case of website-related questions

• Link to schedule a one-on-one meeting with me or someone on my team

• There is also a “Rollover Instructions” document that provides employees with a step-by-step process on how to rollover funds, as well as Empower Rollover Team contact information

• Several quick videos about budgeting, how to save, diversification, etc.

To access the webpage, click here or scan below: Omega Construction, Inc. 401k Resource Center

WE ARE PROUD TO WELCOME THE FOLLOWING TEAM MEMBERS TO THE OMEGA FAMILY:

Tashawna Looper

Project Coordinator - Upstate Division

Jason McCraw

Project Manager - Triad Division

Sam Taylor

Field Engineer - Triad Division

Brandon Parsley

Superintendent - Triad Division

Matt Soloman

Senior Preconstruction ManagerUpstate Division

Tim Appleton

Project Manager - Upstate Division

Lane Horton

Project Engineer - Triad Division

Luke Calvert

Project Engineer - Upstate Division

Danita Ward

Project Risk Manager - Triad Division