Slide 1: Third Quarter Fiscal 2025
Third Quarter Fiscal 2025 NETWORK RAIL, SOUTHERN REGION United Kingdom AECOM was appointed as an ecosystem delivery partner for VolkerRail as part of the Southern Renewals Enterprise for Network Rail’s Southern Region, designing major track improvements for England’s busiest passenger railway corrid
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: Outperforming on All Key Financial Metrics
Outperforming on All Key Financial Metrics Accelerating 1 Growth 2 Outperformed Margin Targets 3 Record Profitability 4 Unprecedented Visibility Driven by 8% growth in the Exceeded our 17% target Delivered 10% adjusted2 Record backlog, driven by Americas, our largest and more than a year ahead of EB
Slide 5: Increased Fiscal 2025 Guidance for a Third-Consecutive Quarter
Increased Fiscal 2025 Guidance for a Third-Consecutive Quarter Original FY’25 Guidance New FY’25 Guidance YoY Change • Increased guidance for a third consecutive quarter, reflecting Net Service 5 – 8% 5 – 8% -- YTD outperformance and Revenue1 Growth strong visibility Segment Adj.2 16.1% 16.5% +70 bp
Slide 6: Strategic Accomplishments
Strategic Accomplishments bps +420 • Industry-leading margins exceeded 17% target. 15.8% 16.5% 14.7% 14.2% • Led by record investments in business 13.8% 1 Delivering on Organic Growth Investments development, leading technical expertise, and project delivery efficiencies. 12.3% • Achieved double-dig
Slide 7: Unprecedented Visibility Afforded by Secular Demand Drivers
Unprecedented Visibility Afforded by Secular Demand Drivers Long-Term Secular Megatrends • Passage of One Big Beautiful Bill and One Canadian Economy Act strengthens commitments to infrastructure. Global U.S. & Canada • With only 36% of IIJA funding in our primary end markets spent, substantial 1 In
Slide 8: Capital Allocation Update
Capital Allocation Update Net Leverage9 Delivered strong cash flow 0.8x • Year-to-date free cash flow8 increased 27% over the prior year. 0.6x • Continue to expect to convert 100% of adjusted net income to free cash flow8 in FY’25. Maintained strong balance sheet Q3'24 Q3'25 • Net leverage9 of 0.6x
Slide 9: Our Model for Compounding Long-Term Value
Our Model for Compounding Long-Term Value On track to meet and exceed our annual framework for value creation Annual Organic NSR1 Growth Annual Segment Adj.2 Operating Margin3 and Adj.2 EBITDA Margin7 Expansion Annual Adj.2 EPS and Free Cash Flow8 per Share Annual Free Cash Flow8 Conversion of Adj.
Slide 10: Performance Update
Performance Update Delivering a better world A=COM
Slide 11: Q3’25 Financial Performance by Segment
Q3’25 Financial Performance by Segment Americas Segment International Segment • Delivering Growth: NSR1 increased 8%. • Delivering Growth: NSR1 increased 3%. • Margin Expansion: Adj.2 operating margin increased 120 • Margin Expansion: Adj.2 operating margin increased 20 bps to 20.5%, a third quarter
Slide 12: Historical Backlog and Book-to-Burn Performance
Historical Backlog and Book-to-Burn Performance Enterprise Book-to- 1.4x 1.1x 1.0x 1.0x 1.2x 1.0x 1.1x 1.1x 1.1x 1.0x Burn5 1.2x Enterprise TTM 1.1x 1.1x 1.1x 1.1x 1.1x 1.1x 1.1x Book-to-Burn5 $23.8 $23.9 $23.9 $24.3 $24.6 $23.0 $23.2 $23.2 $23.3 $23.4 $17.0 $17.4 $17.4 $17.5 $17.8 $18.0 $16.9 $16.9
Slide 13: We Are Outperforming Our Sector
We Are Outperforming Our Sector LEADING PROFITABILITY SUBSTANTIAL VS. PEERS VALUATION GAP 16.1% 16.3% 15.8% 15.9% 15.1% 15.4% Peer Avg10: 14.7% 15.0% 15.8x 14.5% 12.5x FY'23 Q1'24 TTM Q2'24 TTM Q3'24 TTM FY'24 Q1'25 TTM Q2'25 TTM Q3'25 TTM ACM Peers 10 Segment Adjusted2 Operating Margin3 (on Net Ser
Slide 14: Margin Reconciliation Bridge
Margin Reconciliation Bridge Q3’25 FY'25E Net Service Revenue (NSR) $1,937.5 Income from Operations as a % of Revenue 6.8% Segment AOI $331.6 Pass-through revenues 8.8% Corporate net expenses 1.0% Adjusted EBITDA $312.8 Segment Adjusted Operating Income as a % of 16.5% Net Service Revenue NCI net of
Slide 15: Appendix
Appendix Delivering a better world A=COM
Slide 16: Who We Are
#1 #2 #3 Who We Are Design Firm Water Environmental Firm Airports Education Program Management Marine and Ports We are the trusted global Transportation Green Contractor Water Treatment and Desalination General Building Hazardous Waste infrastructure leader. Environmental Wastewater Treatment Plants
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. 9% Water 7% Program 24% Europe, Governments 19% 8% Transportation 17%
Slide 18: 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 19: Regulation G Information
Regulation G Information Page 19
Slide 20: Regulation G Information
Regulation G Information Page 20
Slide 21: A=COM ovreiier ora
A=COM ovreiier ora