Aecon Group Inc. · TSX:ARE
Aecon — Q1 2016 Earnings Presentation
17 slides from Aecon's earnings presentation, May 2016
Slide 1: Aecon Group Inc. Investor Presentation — May 2016
AECON GROUP INC. (TSX:ARE) INVESTOR PRESENTATION— MAY 2016
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
Slide 3: Aecon Overview & Key Highlights
Aecon Overview & Key Highlights
Slide 4: Diversity & Scale in Aecon's Key Market Segments
Diversity & Scale in Aecon’s Key Market Segments
Slide 5: Q1 2016 Financial Results - Reported
Q1 2016 Financial Results - Reported
Slide 6: Q1 2016 Financial Results – Like for Like
Q1 2016 Financial Results – Like for Like
Slide 7: Revenue Growth with Improved Adjusted EBITDA Margin
Revenue Growth with Improved Adjusted EBITDA Margin
Slide 8: Record Backlog with Increased Visibility
Record Backlog with Increased Visibility
Slide 9: Recurring Revenue Base Expected to Grow in 2016
Recurring Revenue Base Expected to Grow in 2016
Slide 10: Historic Levels of Investment in Canadian Infrastructure
Historic Levels of Investment in Canadian Infrastructure *
Slide 11: Energy Outlook
Energy Outlook $1.375 BN Darlington Nuclear contract will help to double nuclear revenues in 2016 Additional long-term nuclear opportunities at Darlington, Bruce and Pickering sites " Fabrication and modular assembly services expected to remain solid in the first half of 2016 Gas distribution facili
Slide 12: Infrastructure Outlook
Infrastructure Outlook 32% *
Slide 13: 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 the first half of 2017
Slide 14: 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) (
Slide 15: Strong Balance Sheet
Strong Balance Sheet BALANCE SHEET (SMM) DEBT TO ADJUSTED EBITDA Dec 2015 Cash 282.7 6.0x Working Capital 252.9 5.0x Long-Term Debt - Finance Leases 69.3 4.0x - Equipment & Other Asset Loans 92.1 LT Debt excluding Convertible Debentures 161.4 3.0x 4.8x 4.4x 3.4x 2.7x 2.2x 2K 20 Convertible Debenture
Slide 16: Capital Markets Overview
Capital Markets Overview ARE.TSX STATISTICS Price as of May 2, 2016 $16.72 Shares Outstanding 57.3 Million Avg. Daily Volume (@months—Tsx ars) 496,000 (S75 Dividend Yield 2.8%" Market Capitalization ~ S960 Million 52 Week Low/ High $10.25 / $17.42 ANNUAL DIVIDEND HISTORY $0.46 $0.32 80.36 i $0.28 :
Slide 17: Adam Borgatti, Investor Relations
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