Aecon Group Inc. · TSX:ARE

Aecon — Investor Presentation (March 2016)

21 slides from Aecon's investor presentation, March 2016

1. Slide 1: Aecon Group Investor Presentation — March 2016

   AECON GROUPING. (TSKARE) INVESTOR PRESENTATION — MARCH 2016

2. Slide 2: Forward-Looking Information

   Forward-Looking Information The information in this presentation includes certain forward-looking statements. These “forward-looking” statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. In addition to ev

3. Slide 3: Aecon Overview & Key Highlights

   Aecon Overview & Key Highlights     2

4. Slide 4: 2015 Investment Highlights

   2015 Investment Highlights     3

5. Slide 5: Delivering on Aecon's 2015 Objectives

   Delivering on Aecon’s 2015 Objectives 4

6. Slide 6: Market Recognition of Aecon's Performance and Outlook

   Market Recognition of Aecon’s Performance and Outlook 5

7. Slide 7: Diversity & Scale in Aecon's Key Market Segments

   Diversity & Scale in Aecon’s Key Market Segments 6

8. Slide 8: Largest Contracts Secured in Aecon's History

   Largest Contracts Secured in Aecon’s History         7

9. Slide 9: 2015 Financial Results

   2015 Financial Results $ Millions " (except EPS, $ per share) REPORTED LIKE FOR LIKE BASIS 2015 2014 Change 2015 2014 Change Revenue 2,918 2,614 a 12% 2,910 2,543 a 14% Gross Profit 298.1 271.0 a 10% 299.6 256.7 a 17% Gross Margin % 10.2% 10.4% V 0.2bps 10.3% 10.1% 4 0.2bps Adjusted EBITDA 169.8 170

10. Slide 10: Revenue Growth with Improved EBITDA Margins

    Revenue Growth with Improved EBITDA Margins    9

11. Slide 11: Record Backlog with Increased Visibility

    Record Backlog with Increased Visibility 10

12. Slide 12: Recurring Revenue Base Expected to Grow in 2016

    Recurring Revenue Base Expected to Grow in 2016 11

13. Slide 13: Historic Levels of Investment Planned for Canadian Infrastructure

    Historic Levels of Investment Planned for Canadian Infrastructure 12 **

14. Slide 14: Record RFQ Success Rate Driving P3 Bid Pipeline

    Record RFQ Success Rate Driving P3 Bid Pipeline 13

15. Slide 15: Energy Outlook

    Energy Outlook        43% * 14

16. Slide 16: Infrastructure Outlook

    Infrastructure Outlook       33% 15

17. Slide 17: Mining Outlook

    Mining Outlook " Current backlog and other non-oil related work is expected to sustain the Mining segment in 2016 = Aecon is involved in a number of projects that are moving through engineering and feasibility stages = Existing potash work will be steady through 2016 and into early 2017 = Flexible c

18. Slide 18: Free Cash Flow Profile

    Free Cash Flow Profile FREE CASH FLOW (SMI) KEY DRIVERS FOR FREE CASH FLOW MOMENTUM Y/E Y/E . . Dec 2015 Dec 2014 Cash interest expense expected to decrease in Adjusted EBITDA 169.8 170.2 2016 following repayment of convertible debentures in October 2015 and anticipated Cash Interest Expense (net) (

19. Slide 19: Strong Balance Sheet & Deleveraging Profile

    Strong Balance Sheet & Deleveraging Profile 18

20. Slide 20: Capital Markets Overview

    Capital Markets Overview ARE.TSX STATISTICS | ANALYST COVERAGE Firm Analyst Telephone Price as of March 1, 2016 $14.39 AltaCorp Capital Chris Murray (647) 776-8246 BMO Capital Markets Bert Powell (416) 359-5301 . _ ‘Canaccord Genuity Yuri Lynk (514) 844-3708; Shares Outstanding 56.8 Million ‘CIBC Wo

21. Slide 21: Aecon Investor Relations Contact

    ACVCON ADAM BORGATTI Vice President, Corporate Development & Investor Relations 416.297.2610 | aborgatti@aecon.com 1055 Dunsmuir Street, Suite 2124 110-9th Avenue SW, Suite 300 20 Carlson Court, Suite 800 Vancouver, BC V7X 1KB Calgary, AB T2P 0T1 Toronto, ON M9W 7K6 aecon.com

Aecon Group — Investor Presentation (March 2016) on 6ix