Slide 1: TechEx Initiative
TechEx Initiative TechEx is our operating model for initiatives spanning from a technical learning framework to technical career pathing and enhancing cross-team collaboration, to further extend our competitive advantage and elevate our culture.
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 Chief Financial & Chief Executive Officer President Operations Officer Page 2
Slide 4: Increased Our Fiscal 2024 Adjusted EBITDA Guidance Mid Point
Increased Our Fiscal 2024 Adjusted EBITDA Guidance Mid Point Increased Guidance $1,070M- 8-10% $1,105M 15.6% $4.35-$4.55 8% $964M $3.71 $886M $3.40 5% 14.7% 14.2% FY’22 FY’23 FY’24E FY’22 FY’23 FY’24E FY’22 FY’23 FY’24E FY’22 FY’23 FY’24E Net Service Revenue1 Growth Segment Adjusted2 Operating Margi
Slide 5: Our Q2’24 Financial Performance Highlights
Our Q2’24 Financial Performance Highlights 15.4% $268M $1.04 8% 15.1% $0.92 7% 15.0% $244M 14.5% Q2’23 Q2’24 Q2’23 Q2’24 Q2’23 Q2’24 Q2’23 Q2’24 Q2’23 Q2’24 Segment Adjusted2 Adjusted EBITDA Net Service Revenue1 Growth Adjusted2 EBITDA4 Growth Adjusted2 EPS Growth Operating Margin3 Margin5 Growth wa
Slide 6: Our Strategy Continues to Deliver Results
Our Strategy Continues to Deliver Results Expanding our addressable market through Winning What Matters ✓ Program Management and Advisory to elevate the value of our technical expertise Prioritizing our time and capital on highest-retuning 2x 3x ✓ Our share of wins valued at Our share of wins valued
Slide 7: Program Management Is Elevating the Value of Our Technical Resources
Program Management Is Elevating the Value of Our Technical Resources CHALLENGE: OPPORTUNITY: Capitalizing on our world-class Program Management and Advisory • Projects are increasing in size services to elevate the value of our technical expertise and best position ourselves to and complexity addres
Slide 8: Unprecedented Long-Term Funding Commitments
Unprecedented Long-Term Funding Commitments CAD 56B 10-year Canadian Infrastructure Budget Water #1 Transportation #1 $1.2T Infrastructure Investment and Jobs Act +51% Roads, Bridges and Major 10-Year, AUD 120B Infrastructure Investment Projects Commitment Increase Over +$83% Public Transit 5-Year F
Slide 9: Leader in Every Market Poised to Benefit from Accelerating Growth
Leader in Every Market Poised to Benefit from Accelerating Growth Multi-Decade Megatrends Our Leading Position Our Market Presence #1 Water #1 Transportation 1 Investments in Global Infrastructure #1 Mass Transit #1 Airports 10% #1 Highways Water 24% #1 General Building Transportation 28% #1 Environ
Slide 10: Our Cash Flow and Capital Allocation Highlights
Our Cash Flow and Capital Allocation Highlights 1 Organic Growth Investments • • Our highest-returning use of capital We are re-investing in business development, technical and digital 40%+ ROIC from Investments In Organic capabilities, and career development Growth training more than ever before 2
Slide 11: Record Backlog Position
Record Backlog Position Total backlog has grown substantially over the past two years and is at a record level $23.3 $23.7 $23.0 $23.2 $23.2 $23.0 $22.0 $21.1 $21.4 $21.1 $21.0 $20.5 $6.4 $6.1 $6.3 $6.3 $6.4 $19.0 $5.7 $5.4 $5.1 $5.6 $5.2 $17.0 $15.0 $13.0 $16.9 $16.9 $16.9 $17.0 $17.4 $16.0 $16.0 $
Slide 12: Q2’24 Professional Services Financial Results
Q2’24 Professional Services Financial Results GAAP RESULTS: • Extended our track record of delivering on our financial TOTAL REVENUE $3.94 billion +13% and strategic commitments OPERATING INCOME $200 million +2% EPS $0.81 (4%) ‒ Strong Revenue Growth: Net service revenue1 growth increased by 9% afte
Slide 13: Q2’24 Segment Results – Americas
Q2’24 Segment Results – Americas GAAP RESULTS • Delivering Growth: Second quarter net service TOTAL REVENUE $3.04 billion +16% revenue1 growth was 10%, with strength in Water, OPERATING INCOME $189 million +6% Transportation, and Environment KEY PERFORMANCE INDICATORS (NON-GAAP): • Strong Profitabil
Slide 14: Q2’24 Segment Results – International
Q2’24 Segment Results – International GAAP RESULTS: TOTAL REVENUE $905 million +5% • Delivering Growth: Second quarter net service revenue1 increased by 6% over the prior year OPERATING INCOME $81 million +35% KEY PERFORMANCE INDICATORS (NON-GAAP): ‒ Growth would have been 8% if not for fewer workin
Slide 15: Attractive Balance Sheet and Debt Profile
Attractive Balance Sheet and Debt Profile A strong balance sheet with historically attractive cost of funds and no material near-term debt maturities DEBT BREAKDOWN: AECOM MATURITY PROFILE: Funded Amount Rate Maturity (millions) 1 $1.5B REVOLVER T-SOFR + 122.5 2029 1 TERM LOAN A $750 T-SOFR + 122.5
Slide 16: Appendix
Appendix Delivering a better world A=COM
Slide 17: 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 18: Awards and recognition
Across the globe, we partner with our clients in the public and private sectors to solve their most complex challenges and pioneer innovative solutions. K YR Recognized with the Equality Ranked as a Military Friendly Featured on Fortune’s 100 Award by the Human Employer 18 years in a row “World’s Mo
Slide 19: Why Invest in AECOM?
Why Invest in AECOM? • Narrowed our focus on the fastest-growing markets and largest clients • Winning what matters at a record pace, particularly on our largest and most critical pursuits ~90% Share of profit from the resilient Americas, U.K. and Ireland, and Australia markets • Eliminated the barr
Slide 20: AECOM’s Commitment to Value Creation
AECOM’s Commitment to Value Creation FY’24E LONG-TERM ANNUAL GROWTH Net Service Revenue1 Growth 8-10% +5 – 8% Segment Adj.2 Operating Margin3 Expansion 90+ bps 20 – 30+ bps Adj.2 EPS and Free Cash Flow6 Double-Digit 20%* per Share Growth Growth Free Cash Flow6 Conversion 100%+ 100%+ Return on Invest
Slide 21: We Are Substantially Outperforming Our Sector
We Are Substantially Outperforming Our Sector LEADING PROFITABILITY SUBSTANTIAL HIGHEST RETURNS VS. PEERS VALUATION GAP 17.3% 16.8x 15.4% 15.4% 15.0% Peer Avg: 10 13.9% Peer Avg: 10 12.8x 13.8% 13.6% FY'23 Q1'24 Q2'24 ACM Peer Avg 10 ACM Peer Avg 10 FY'23 FY'23 Adjusted EBITDA Margin5 Return on Inve
Slide 22: 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 Non-U.S. Engineers Water U.S. Governments Program 8% 10% 6% 20% 24% Transportation Europe, 30%
Slide 23: Winning What Matters
Winning What Matters PUBLIC ASSISTANCE PROGRAM M80 RING ROAD COMPLETION GREAT GRID UPGRADE SAN DIEGO AIRPORT’S NEW T1 DCS – ENVIRONMENT DCS - TRANSPORTATION DCS – ENVIRONMENT DCS – TRANSPORTATION Leading the Atlantic zone of FEMA’s Lead consultant and the only designer for Design and consenting serv
Slide 24: Regulation G Information
Regulation G Information Page 23
Slide 25: Regulation G Information
Regulation G Information Page 24
Slide 26: A=COM ovreiier ora
A=COM ovreiier ora