Aecon Group Inc. · TSX:ARE

Aecon — Q1 2018 Earnings Presentation

16 slides from Aecon's earnings presentation, Apr 25, 2018

  1. Slide 1: Aecon Group Inc. Q1 2018 Results Presentation

    AECON GROUP INC. (TSX:ARE) Q1 2018 RESULTS PRESENTATION APRIL 25, 2018

  2. Slide 2: Forward-Looking Information

    Forward-Looking Information

  3. Slide 3: Resilient Business Model With Three Diverse Segments

    Resilient Business Model With Three Diverse Segments

  4. Slide 4: Q1 2018 Financial Results - Reported

    Q1 2018 Financial Results - Reported 4

  5. Slide 5: Q1 2018 Financial Results – Adjusted

    Q1 2018 Financial Results – Adjusted 5

  6. Slide 6: Q1 2018 and Q1 2018 TTM Reconciliation

    Q1 2018 and Q1 2018 TTM Reconciliation ▪

  7. Slide 7: Revenue and Adj. EBITDA Margin by Segment

    Revenue and Adj. EBITDA Margin by Segment

  8. Slide 8: Infrastructure Q1 2018 Results

    Infrastructure Q1 2018 Results

  9. Slide 9: Industrial Q1 2018 Results

    Industrial Q1 2018 Results Revenues ($MM) $531 -28% 7 sss1 Q117 Q118 Adj. EBITDA ($MM) $31 -28% 7 sm Qii7 Q118 (6.8% margin) (5.8% margin) New Awards ($MM) $347 +46% $238 7 Qi17 Q1 18 FIRST QUARTER* Revenue down by $150M, or 28%, year-over-year y $76M in conventional industrial from lower site const

  10. Slide 10: Concessions Q1 2018 Results

    Concessions Q1 2018 Results ▪ ▪ ▪

  11. Slide 11: Strong Backlog with Diversified Profile

    Strong Backlog with Diversified Profile

  12. Slide 12: Recurring Revenue Poised to Continue Growth

    Recurring Revenue Poised to Continue Growth 12

  13. Slide 13: Balance Sheet and Capital Structure

    Balance Sheet and Capital Structure 3.0x 2.7x 2.5x 2.0x 2.0x 2.0x 1.9x 2.0x 1.9x 1.5x 1.2x 1.0x 1.0x 0.9x 0.9x 0.8x 0.5x 0.5x 0.4x 0.3x 0.1x 0.0x 2014 2015 2016 2017 Q1 2018 TTM LT Debt to Adj. EBITDA (excl. Converts) LT Debt to Adj. EBITDA (incl. Converts) Net Debt to EBITDA

  14. Slide 14: Cash Position

    Cash Position FREE CASH FLOW (SMM) KEY DRIVERS FOR FREE CASH FLOW MOMENTUM Qi 2018 Y/E era . oe . TIM oo Significant working capital improvement in 2017 Adjusted EBITDA 153.3. 156.5 Cash interest up due to interest expense on non- Cash Interest Expense (net) (326) (22.7) Tecourse project debt for Be

  15. Slide 15: Outlook

    Outlook Backlog Growth Expected in 2018 and Beyond $4.6 billion backlog at March 31, 2018 with further growth expected to drive backlog to record levels in Q2 2018 = Site C generating station and spillways civil works project added $482M to backlog in Q1 2018, Réseau express métropolitain Montreal L

  16. Slide 16: Aecon contact details

    ACCON STEPHEN KING Director, Corporate Development & Investor Relations 416.297.2600 x3825 | sking@aecon.com AECON PACIFIC HEADQUARTERS AECON WEST HEADQUARTERS AECON EAST HEADQUARTERS 1055 Dunsmuir Street, Suite 2124 110-9th Avenue SW, Suite 300 20 Carlson Court, Suite 800 Vancouver, BC V7X 1G4 Calg

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