Slide 1: Second Quarter Fiscal 2025
Second Quarter Fiscal 2025 LA28 OLYMPIC AND PARALYMPIC GAMES United States AECOM has been named the Official Venue Infrastructure Partner for the LA28 Games, with an unprecedented scope that includes architecture, engineering, planning, program management, and construction management.
Slide 2: Disclosures
Disclosures Forward-Looking Statements All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitabili
Slide 3: Today's Participants
Today’s Participants Troy Rudd Lara Poloni Gaurav Kapoor Chairman & Chief Financial & President Chief Executive Officer Operations Officer Page 3
Slide 4: Second Quarter Fiscal 2025 Highlights
Second Quarter Fiscal 2025 Highlights $5.10 - $5.20 • Raised guidance for the second consecutive quarter 1 Raised financial guidance for fiscal 2025 • Continue to expect record NSR, margins, profitability and cash flow $4.52 (Record Expected • Expect another year of double-digit adj. EPS growth FY’2
Slide 5: Increased Fiscal 2025 Guidance: Expecting Another Record Year
Increased Fiscal 2025 Guidance: Expecting Another Record Year • Increased guidance reflects Original FY’25 Guidance New FY’25 Guidance YoY Change outperformance year-to-date, and record backlog and Net Service 5 – 8% 5 – 8% -- pipeline support our growth Revenue1 Growth expectations Segment Adj.2 16
Slide 6: Strategic Accomplishments
Strategic Accomplishments Leading the Industry Investing in the Business Adjusted2 EPS • Delivered strong results on all key • Industry-leading margins expanded 90 bps financial metrics and increased guidance AGR • Invested at a record rate in organic growth 19% C • Ranked #1 overall design firm by
Slide 7: Strong End Markets Supported by Long-Term Growth Drivers
Strong End Markets Supported by Long-Term Growth Drivers U.S. and Canada U.K. and Ireland Secular Drivers Remain Firmly Intact • Record Americas backlog, driven by a 1.2 • U.K. backlog at an all-time high book-to-burn ratio • AMP8 water investment to more than double • Less than 35% of IIJA funding
Slide 8: Capital Allocation Update
Capital Allocation Update Net Leverage9 Strong Cash Flow & Balance Sheet • Free cash flow4 increased 141% to $178 million in Q2 0.9x 0.7x • Continue to expect to convert 100% of adj. net income to free cash flow in FY’25 • Net leverage9 of 0.7x and certainty on the low cost of our debt. Executing on
Slide 9: Long-Term Algorithm for Double-Digit Profit Growth
Long-Term Algorithm for Double-Digit Profit Growth Consistent performance delivered by an industry-leading professional services infrastructure consulting firm 5 – 8% Annual Organic NSR1 Growth Minimum 20 – 30+ bps of Annual Margin Delivering Expansion Double-Digit Annual Adjusted EPS j Highly Cash-
Slide 10: Performance Update
Performance Update Delivering a better world A=COM
Slide 11: Q2'25 Financial Performance by Segment
Q2’25 Financial Performance by Segment Americas Segment International Segment • Delivering Growth: NSR1 increased 6% • Delivering Growth: NSR1 increased 1% • Margin Expansion: Adj.2 operating margin increased 130 • Margin Expansion: Adj.2 operating margin increased 10 bps to 19.4%, a second quarter
Slide 12: Historical Backlog and Book-to-Burn Performance
Historical Backlog and Book-to-Burn Performance Enterprise Book-to- 1.3x 1.4x 1.1x 1.0x 1.0x 1.2x 1.0x 1.1x 1.1x 1.1x Burn6 1.2x Enterprise TTM Book-to-Burn 1.1x 1.1x 1.1x 1.1x 1.1x 1.1x $23.8 $23.9 $23.9 $24.3 $23.0 $23.2 $23.2 $23.3 $23.4 $22.0 $16.9 $16.9 $17.0 $17.4 $17.4 $17.4 $17.5 $17.8 $16.3
Slide 13: We Are Outperforming Our Sector
We Are Outperforming Our Sector LEADING PROFITABILITY SUBSTANTIAL VS. PEERS VALUATION GAP 15.0x 15.8% 15.9% 16.1% 15.1% 15.4% 14.7% 15.0% Peer Avg11: 12.1x 13.5% ACM Peers11 FY'23 Q1'24 TTM Q2'24 TTM Q3'24 TTM FY'24 Q1'25 TTM Q2'25 TTM Segment Adjusted2 Operating Margin7 (on Net Service Revenue1) EV
Slide 14: Margin Reconciliation Bridge
Margin Reconciliation Bridge EBITDA Margin Bridge Q2’25 FY'25E Net Service Revenue (NSR) $1,867.1 $7,630.0 Segment AOI $299.9 $1,231.5 Adjusted EBITDA $289.7 $1,195.0 NCI net of NCI Interest Income $14.7 $50.0 Adj. EBITDA Incl. NCI $304.4 $1,245.0 Segment AOI Margin 16.1% 16.1% Adj. EBITDA Incl. NCI
Slide 15: Appendix
Appendix Delivering a better world A=COM
Slide 16: Who We Are
Who We Are #1 Design Firm #2 Program Management #3 Bridges We are the trusted global Water Environmental Firm Water Transmission Lines Marine and Ports infrastructure leader. Transportation and Aqueducts Water Treatment and Across the globe, we partner with our clients in the General Building Desali
Slide 17: As a Professional Services Business, AECOM Is Poised to Thrive
As a Professional Services Business, AECOM Is Poised to Thrive Attractive Exposure Balanced Geographic Diverse Deep Technical Lower-Risk to Key End Markets Exposure Funding Sources Expertise Business Model Engineers U.S. Non-U.S. 10% Water 7% Program 26% Europe, Governments 19% 7% Transportation 17%
Slide 18: Business Segment Mix
Business Segment Mix Americas Segment International Segment 8% 11% 23% Water Water 8% 2% Transportation 11% 29% Transportation 6% 29% Facilities Facilities Environment / Energy 22% Environment / Energy 18% U.K. & Ireland 35% Middle East U.S. Australia-New Zealand Canada Hong Kong Latin America 20% 8
Slide 19: Footnotes
Footnotes 1 Revenue, less pass-through revenue; growth rates are presented on a constant-currency basis. 2 Excludes the impact of certain items, such as restructuring costs, amortization of intangible assets, non-core AECOM Capital and other items. See Regulation G Information for a reconciliation o
Slide 20: Regulation G Information
Regulation G Information Page 20
Slide 21: Regulation G Information
Regulation G Information Page 21
Slide 22: A=COM ovreiier ora
A=COM ovreiier ora