Slide 1: Intuit Dome
INTUIT DOME United States AECOM served as lead designer and construction manager of Intuit Dome, home of the LA Clippers. The iconic new arena opened in August and raised the bar for every major sports franchise in the world with regard to sustainability through design and fan experience.
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 3
Slide 4: Fourth Quarter and Fiscal 2024 Highlights
Fourth Quarter and Fiscal 2024 Highlights AECOM: The Leader Across Exceeded Guidance Every Market Served Fiscal 2024 Q4 2024 Initial Most Recent Guidance Guidance Actual YoY Change Actual YoY Change Segment Adj.1 Segment Adj.1 15.6% 15.6% 15.8% +110 bps 16.7% +150 bps Operating Margin2 Operating Mar
Slide 5: Fiscal 2025 Guidance: Expecting Another Record Year
Fiscal 2025 Guidance: Expecting Another Record Year FY’25 Guidance YoY Change • Expect fiscal 2025 to be a Net Service Revenue7 record year for all key 5 – 8% -- financial metrics Growth • Record backlog and pipeline Adj. EBITDA Margin8 16.3% +30 bps support our growth expectations Adj.1 EBITDA3 $1,
Slide 6: Strategic Accomplishments
Strategic Accomplishments Delivering on Our Commitments Gaining Market Share Adjusted1 EPS • Exceeded financial guidance in FY’24, • #1 in Water by ENR (up from #2) contributing to 21% adjusted EPS • #2 in Program Management by ENR (up $4.52 CAGR since FY’20 from #4) $3.40 $3.71 • Investing in key i
Slide 7: Expanding Advisory Services: Environment & Water Advisory Business
Expanding Advisory Services: Environment & Water Advisory Business • Created a new Water and Environment Advisory organic Current NSR 3 Years Long-Term NSR Goal growth platform $200 million 2x Growth $1 billion • Led by Jill Hudkins, former President of Tetra Tech • Pursuing a white space growth opp
Slide 8: Robust End Markets Supported by Long-Term Growth Drivers
Robust End Markets Supported by Long-Term Growth Drivers Secular Driver U.S. and Canada U.K. and Ireland • IIJA is still ramping up • Autumn Budget creates certainty and includes • Strong state and local budgets £170 billion across our largest markets, and Global key phases of HS2 are advancing • Ca
Slide 9: Increased Share Repurchase Authorization and Dividend
Increased Share Repurchase Authorization and Dividend Net Leverage9 Record Free Cash Flow 0.9x 0.8x • Free cash flow4 increased 20% in fiscal 2024 to a new record • Free cash flow4 per share increased 23% Executing on Our Returns-Based Capital Allocation Policy • Returned ~$560 million to investors
Slide 10: Margin Reconciliation Bridge
Margin Reconciliation Bridge EBITDA Margin Bridge Q4'24 FY'24 FY'25E Net Service Revenue (NSR) $1,812.2 $7,165.0 $7,630.0 Segment AOI $302.6 $1,130.7 $1,227.0 Adjusted EBITDA $289.9 $1,094.8 $1,190.0 NCI net of NCI Interest Income $13.2 $53.5 $55.0 Adj. EBITDA Incl. NCI $303.1 $1,148.3 $1,245.0 Segm
Slide 11: Long-Term Algorithm for Double-Digit Profit Growth
Long-Term Algorithm for Double-Digit Profit Growth Consistent performance delivered by an industry-leading professional services infrastructure consulting firm 1 5 – 8% Annual Organic NSR7 Growth Minimum 20 – 30+ bps of Annual Margin 2 Delivering Expansion Double-Digit Annual Adjusted EPS Highly Cas
Slide 12: Performance Update
Performance Update Delivering a better world A=COM
Slide 13: Q4'24 and FY'24 Financial Performance by Segment
Q4’24 and FY’24 Financial Performance by Segment Americas Segment International Segment • Delivering Growth: NSR7 up 4% in Q4 and 6% in FY’24 • Delivering Growth: NSR7 up 6% in Q4 and up 7% in FY’24 • Margin Expansion: Adj.1 operating margin in Q4 up 260 • Margin Expansion: Adj.1 operating margin of
Slide 14: Historical Backlog and Book-to-Burn Performance
Historical Backlog and Book-to-Burn Performance Quarterly Enterprise 1.3x 1.4x 1.1x 1.0x 1.0x 1.2x 1.0x 1.1x Book-to-Burn6 1.2x Enterprise TTM Book-to- 1.1x 1.1x 1.1x 1.1x Burn6 $23.2 $23.2 $23.3 $23.8 $23.4 $23.9 $23.0 $22.0 $6.1 $6.3 $6.3 $6.4 $6.4 $6.0 $6.4 $5.7 $16.3 $16.9 $16.9 $16.9 $17.0 $17.
Slide 15: We Are Outperforming Our Sector
We Are Outperforming Our Sector LEADING PROFITABILITY SUBSTANTIAL VS. PEERS VALUATION GAP 18.4x 16.5% 16.7% 15.4% 15.4% 15.0% Peer Avg11: 14.2x 13.5% 11 FY'23 Q1'24 Q2'24 Q3'24 Q4'24 ACM Peers EV / EBITDA (FY’24E) Adjusted EBITDA Margin8 (on Net Service Revenue7) Note: Some peer data may not match p
Slide 16: Appendix
Appendix Delivering a better world A=COM
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 Non-U.S. Engineers Water U.S. 10% 6% Governments Program 26% Transportation 18% Europe, 7% 31%
Slide 18: Business Segment Mix
Business Segment Mix Americas Segment International Segment 11% 8% 23% Water 2% 28% Water 9% 10% Transportation Transportation 8% 27% Facilities Facilities Environment / New Energy 24% Environment / New Energy 34% U.K. & Ireland 19% Australia-New Zealand U.S. Hong Kong 19% Canada Middle East 88% 18%
Slide 19: Footnotes
Footnotes 1 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 of non-GAAP measures to the comparable GAAP measures. 2 Reflects segment operating performance,
Slide 20: Regulation G Information
Regulation G Information Page 20
Slide 21: Regulation G Information
Regulation G Information Page 21
Slide 22: A=COM vreiier ora
A=COM vreiier ora