Aecon Group Inc. · TSX:ARE

Aecon — FY2016 Earnings Presentation

19 slides from Aecon's earnings presentation, Mar 8, 2017

1. Slide 1: 2016 Year End Conference Call Presentation

   AECON GROUP INC. (TSX:ARE) 2016 YEAR END CONFERENCE CALL PRESENTATION MARCH 8, 2017

2. Slide 2: Forward-Looking Information

   Forward-Looking Information

3. Slide 3: 2016 Full Year Highlights & Results

   2016 Full Year Highlights & Results        

4. Slide 4: FY and Q4 2016 Reconciliation

   FY and Q4 2016 Reconciliation 

5. Slide 5: Infrastructure 2016 Results

   Infrastructure 2016 Results

6. Slide 6: Energy 2016 Results

   Energy 2016 Results Revenue ($MM) $1268 47% «= _ S857 2015 2016 Adj. EBITDA ($MM) $577 j : 7 2015 2016 (3.6% margin) (4.3% margin) New Awards ($MM) $3,039 FULL YEAR Annual revenue up by $89M, or 7%, year-over-year 4 $93M in utilities (gas distribution and pipeline activity) A $179M in power & indust

7. Slide 7: Mining 2016 Results

   Mining 2016 Results Revenue ($MM) +22% — $861 : i 2015 2016 Adj. EBITDA ($MM) 415% $912 : i 2015 2016 (11.3% margin) (10.6% margin) New Awards ($MM) $601 +8% i; 2015 2016 FULL YEAR Annual revenue up $155M, or 22%, year-over-year A $255M in site construction in commodity mining sector Y $100M in lowe

8. Slide 8: Concessions 2016 Results

   Concessions 2016 Results Annual revenue down by $0.2M or 5% year-over-year Adjusted EBITDA down $19.5M or 72% year-over-year Prior year EBITDA driven by Aecon’s investment in Quito Airport ($24.6M from Quito operations in 2015) Excluding impact of Quito, Adjusted EBITDA improved by $5.1M due to P3 L

9. Slide 9: Strong Backlog with Diversified Profile

   Strong Backlog with Diversified Profile

10. Slide 10: Infrastructure Outlook

    Infrastructure Outlook        

11. Slide 11: Energy Outlook

    Energy Outlook = $1.375BN Darlington Nuclear Refurbishment Project provides long term consistency Nuclear = Initial opportunities forming for Bruce Power nuclear refurbishment program Refurbishment = Target doubling of nuclear revenue within five years = Master Service Agreements secured in 2016 wil

12. Slide 12: Mining Outlook

    Mining Outlook Oil sands production and reclamation expected to increase following 2016 Alberta wildfires Oil Sands Contract Mining Outlook Strong = Growth anticipated from new site coming online in H2 2017 Commodity Opportunities = Existing potash work will ramp down during Q2 2017 Still in Develop

13. Slide 13: Concessions Outlook

    Concessions Outlook       

14. Slide 14: Strong Balance Sheet and Capital Structure

    Strong Balance Sheet and Capital Structure

15. Slide 15: Outlook – Consolidation of Gains Made in 2016

    Outlook – Consolidation of Gains Made in 2016       

16. Slide 16: Q&A

    O&A

17. Slide 17: Appendix

    APPENDIX

18. Slide 18: 2016 Financial Results

    2016 Financial Results $ Millions * (except EPS, $ per share) REPORTED LIKE FOR LIKE BASIS 2016 2015 Change* 2016 2015 Change+ Revenue 3,213 2,918 a 10% 3,213 2,910 a 10% Gross Profit 312.5 298.1 a 5% 312.5 299.6 a 4% Gross Margin % 9.7% 10.2% Vv 50bps 9.7% 10.3% Vv 60bps Adjusted EBITDA 158.3 169.8

19. Slide 19: Contact

    A@CVCON ADAM BORGATTI Vice President, Corporate Development & Investor Relations 416.297.2610 | aborgatti@aecon.com AECON PACIFIC HEADQUARTERS AECON WEST HEADQUARTERS AECON EAST HEADQUARTERS Four Bentall Centre, Suite 2124 110-9th Avenue SW, Suite 300 20 Carlson Court, Suite 800 1055 Dunsmuir St, PO

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