DABLE TRUSTWORTHY RESPONSIBLE CONSCIENTIOUS DABLE TRUSTWORTHY RESPONSIBLE CONSCIENTIOUS ETHICAL CONSISTENCY

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  • D A B L E T R U S T W O R T H Y R E S P O N S I B L E C O N S C I E N T I O U S E T H I C A L C O N S I S T E N C Y E X C W O R T H Y R E S P O N S I B L E C O N S C I E N T I O U S D E P E N D A B L E R E P U TA B L E R E S P E C T E X C E L

    Q U A L I T Y I N T E G R I T Y R E L I A B I L I T Y C O M M I T M E N T C R E D I B I L I T Y D E D I C AT I O N L O YA L E N T I O U S R E S P O N S I B L E T R U S T W O R T H Y D E P E N D A B L E R E P U TA B L E R E S P E C T E X C E L

    A B L E E T H I C A L E X C E L L E N C E R E S P E C T R E P U TA B L E D E P E N D A B L E T R U S T W O R T H Y R E Y I N T E G R I T Y R E L I A B I L I T Y C O M M I T M E N T C R E D I B I L I T Y D E D I C AT I O N L O YA LT Y E T H I Y E T H I C A L C O N S I S T E N C Y E X C E L L E N C E R E S P E C T R E P U TA B L E D E P E N D A B L E T R U S T T M E N T C R E D I B I L I T Y D E D I C AT I O N L O YA LT Y E T H I C A L C O N S I S T E N C Y E X C E L L E N C E E I L I T Y D E D I C AT I O N R E L I A B I L I T Y C O M M I T M E N T I N T E G R I T Y C O N S C I E N T I O U S I N T E G

    D A B L E T R U S T W O R T H Y R E S P O N S I B L E C O N S C I E N T I O U S E T H I C A L C O N S I S T E N C Y E X C W O R T H Y R E S P O N S I B L E C O N S C I E N T I O U S D E P E N D A B L E R E P U TA B L E R E S P E C T E X C E L

    Q U A L I T Y I N T E G R I T Y R E L I A B I L I T Y C O M M I T M E N T C R E D I B I L I T Y D E D I C AT I O N L O YA L E N T I O U S R E S P O N S I B L E T R U S T W O R T H Y D E P E N D A B L E R E P U TA B L E R E S P E C T E X C E L L E X C E L L E N C E R E S P E C T R E P U TA B L E D E P E N D A B L E T R U S T W O R T H Y R E S P O N S I B L E C Y I N T E G R I T Y R E L I A B I L I T Y C O M M I T M E N T C R E D I B I L I T Y D E D I C AT I O N L O YA LT Y E T H I Y E T H I C A L C O N S I S T E N C Y E X C E L L E N C E R E S P E C T R E P U TA B L E D E P E N D A B L E T R U S T T M E N T C R E D I B I L I T Y D E D I C AT I O N L O YA LT Y E T H I C A L C O N S C I E N T I O U S E X C E L L E N C E I L I T Y D E D I C AT I O N R E L I A B I L I T Y C O M M I T M E N T I N T E G R I T Y S A F E T Y Q U A L I T Y I N T E G

    D A B L E T R U S T W O R T H Y R E S P O N S I B L E C O N S C I E N T I O U S E T H I C A L C O N S I S T E N C Y E X C W O R T H Y R E S P O N S I B L E C O N S C I E N T I O U S D E P E N D A B L E R E P U TA B L E R E S P E C T E X C E L

    Q U A L I T Y I N T E G R I T Y R E L I A B I L I T Y C O M M I T M E N T C R E D I B I L I T Y C O N S C I E N T I O U S E T E N T I O U S R E S P O N S I B L E T R U S T W O R T H Y D E P E N D A B L E R E P U TA B L E R E S P E C T E X C E L L E X C E L L E N C E R E S P E C T R E P U TA B L E D E P E N D A B L E T R U S T W O R T H Y R E S P O N S I B L E C Y I N T E G R I T Y R E L I A B I L I T Y C O M M I T M E N T C R E D I B I L I T Y D E D I C AT I O N L O YA LT Y E T H I

    A B L E L O YA LT Y E T H I C A L C O N S I S T E N C Y E X C E L L E N C E R E S P E C T R E P U TA B L E D E P E N D T M E N T C R E D I B I L I T Y D E D I C AT I O N L O YA LT Y E T H I C A L C O N S I S T E N C Y E X C E L L E N C E E I L I T Y D E D I C AT I O N R E L I A B I L I T Y C O M M I T M E N T I N T E G R I T Y S A F E T Y Q U A L I T Y I N T E G

    D A B L E T R U S T W O R T H Y R E S P O N S I B L E C O N S C I E N T I O U S E T H I C A L C O N S I S T E N C Y E X C W O R T H Y R E S P O N S I B L E C O N S C I E N T I O U S D E P E N D A B L E R E P U TA B L E C O N S C I E N T I O U S

    Q U A L I T Y I N T E G R I T Y R E L I A B I L I T Y C O M M I T M E N T C R E D I B I L I T Y D E D I C AT I O N L O YA L E N T I O U S R E S P O N S I B L E T R U S T W O R T H Y D E P E N D A B L E R E P U TA B L E R E S P E C T E X C E L L E X C E L L E N C E R E S P E C T R E P U TA B L E D E P E N D A B L E T R U S T W O R T H Y R E S P O N S I B L E C Y I N T E G R I T Y R E L I A B I L I T Y C O M M I T M E N T C R E D I B I L I T Y D E D I C AT I O N L O YA LT Y E T H I Y E T H I C A L C O N S I S T E N C Y E X C E L L E N C E R E S P E C T R E P U TA B L E D E P E N D A B L E T R U S T T M E N T C R E D I B I L I T Y D E D I C AT I O N L O YA LT Y E T H I C A L C O N S I S T E N C Y E X C E L L E N C E E I L I T Y D E D I C AT I O N R E L I A B I L I T Y C O M M I T M E N T I N T E G R I T Y S A F E T Y Q U A L I T Y I N T E G

    D A B L E T R U S T W O R T H Y R E S P O N S I B L E C O N S C I E N T I O U S E T H I C A L C O N S I S T E N C Y E X C W O R T H Y R E S P O N S I B L E C O N S C I E N T I O U S D E P E N D A B L E R E P U TA B L E R E S P E C T E X C E L

    Q U A L I T Y I N T E G R I T Y R E L I A B I L I T Y C O M M I T M E N T C R E D I B I L I T Y C O N S C I E N T I O U S E T E N T I O U S R E S P O N S I B L E T R U S T W O R T H Y D E P E N D A B L E R E P U TA B L E R E S P E C T E X C E L L E X C E L L E N C E R E S P E C T R E P U TA B L E D E P E N D A B L E T R U S T W O R T H Y R E S P O N S I B L E C

    To learn more about Matrix Service, visit our web site at www.matrixservice.com , or contact us at

    1-866-FOR-MTRX (367-6879).

    CORPORATE HEADQUARTERS: 10701 E. Ute Street,Tulsa, OK 74116

    NASDAQ symbol: MTRX

    Matrix Service Company is an EEO/Affirmative Action Employer and does not discriminate against any employee or applicant for employment

    because of race, color, religion, sex, age, disability or national origin.

    S A F E T Y, I N T E G R I T Y, R E L A T I O N S H I P S , S T E W A R D S H I P, R E S U LT S

  • In fiscal 2007, the remaining $25.0 million of convertible notes were converted into 5.3 million shares of Common Stock.

    The remaining debt relates primarily to a deferred payment obligation on an acquisition, which will be paid in March 2008.

    For the second consecutive year, there were no amounts outstanding under the senior credit facility at year end.We

    believe our $75.0 million revolving line of credit provides us with sufficient liquidity for future growth.

    L E D E P E N D A B L E T R U S T W O R T H Y R E S P O N S I B L E C O N S C I E N T I O U S C O M M I T M E N T C D I B I L I T Y D E D I C AT I O N L O YA LT Y E T H I C A L C O N S I S T E N C Y E X C E L L E N C E R E S P E C T R C T R E P U TA B L E D E P E N D A B L E T R U S T W O R T H Y R E S P O N S I B L E C O N S C I E N T I O U S D E H I C A L C O N S I S T E N C Y E X C E L L E N C E E X C E L L E N C E C O N S C I E N T I O U S R E S P O N S I B L E

    I N T E G R I T Y C O N S C I E N T I O U S I N T E G R I T Y R E L I A B I L I T Y C O M M I T M E N T D E D I C AT I O N T I O U S E T H I C A L C O N S I S T E N C Y E X C E L L E N C E R E S P E C T R E P U TA B L E D E P E N D A B L E L E R E S P E C T E X C E L L E N C E S A F E T Y Q U A L I T Y I N T E G R I T Y R E L I A B I L I T Y C O M M I T M E N T C R E D I B I L I T Y D E D I C AT I O N L O YA LT Y E T H I C A L C O N S I S T E N C Y E X C E L L E N C E R E

    N D A B L E R E P U TA B L E R E S P E C T E X C E L L E N C E G U I D I N G P R I N C I P L E S Q U A L I T Y I N T E B L E T R U S T W O R T H Y R E S P O N S I B L E C O N S C I E N T I O U S C O M M I T M E N T C R E D I B I L I T Y

    D I B I L I T Y D E D I C AT I O N L O YA LT Y E T H I C A L C O N S I S T E N C Y E X C E L L E N C E R E S P E C T R C T R E P U TA B L E D E P E N D A B L E T R U S T W O R T H Y R E S P O N S I B L E C O N S C I E N T I O U S D E H I C A L C O N S C I E N T I O U S E X C E L L E N C E C O N S C I E N T I O U S R E S P O N S I B L E T R U S T W O R

    I N T E G R I T Y S A F E T Y Q U A L I T Y I N T E G R I T Y R E L I A B I L I T Y C O M M I T M E N T D E D I C AT I O N T I O U S E T H I C A L C O N S I S T E N C Y E X C E L L E N C E R E S P E C T R E P U TA B L E D E P E N D A B L E

    2005 204 235

    Construction Services Repair & Maintenance Services

    2006 250244

    2007 274366

    REVENUE (millions)

    5004003002001000 600 700

    2005 -2.24

    2006 0.35

    2007 0.74

    FULLY DILUTED EPS

    0.00-0.50-1.00-1.50-2.00-2.50 0.50 1.00

    2005 30.0

    2006 25.0

    2007 4.3

    DEBT (millions)

    50.040.030.020.010.0 60.0

    Senior Credit Facility Convertible Notes Other Debt

    70.0 80.0 90.0

    42.8 6.3

    5.3

    $100.00

    5 YEAR PERFORMANCE

    Matrix Service Company Construction & Engineering NASDAQ

    5/31/2002 5/30/2003 5/28/2004 5/31/2005

    5/31/2002 5/30/2003 5/31/2004 5/31/2005

    $200.00

    $300.00

    $400.00

    $500.00

    $600.00

    $ 100.00 $ 100.00 $ 100.00

    $157.07 $ 85.51 $ 99.31

    $ 224.08 $ 95.10 $ 124.43

    $ 86.49 $ 136.98 $ 129.14

    2005 15

    2006 230

    2007 314

    BACKLOG (millions)

    25020015010050 300 350 400

    201

    18

    0

    43

    Construction Services Repair & Maintenance Services

    5/31/2006

    $ 247.96 $ 211.11 $ 136.60

    5/31/2007

    $ 535.08 $ 253.00 $ 164.16

    5/28/2006 5/31/2007

    Backlog has continued to increase and is $56.4 million at May 31, 2007, an increase of $108.0 million, or 43.5% from

    May 31, 2006. The increase occurred despite recognizing a record amount of backlog into revenue in fiscal 2007. New

    contracts increased from $355.1 million in fiscal 2006 to $550.3 million in fiscal