Slide 1: Aecon Group Inc. Investor Presentation – April 2017
AECON GROUP INC. (TSX:ARE) INVESTOR PRESENTATION – APRIL 2017
Slide 2: Forward-Looking Information
Forward-Looking Information 1
Slide 3: 2016 Full Year Highlights & Results
2016 Full Year Highlights & Results 2
Slide 4: We ARE Diverse
We ARE Diverse INFRASTRUCTURE 32%* Rail & Transit Roads, Bridges and Tunnels Hydroelectric Water Treatment Airports Heavy Civil 32% Social Infrastructure 15% Transportation/Transit 53% ACCON ENERGY 42%* Gas Pipelines & Stations Power Generation Utilities Programs Oil Development Fabrication and Modu
Slide 5: 2016 Financial Results
2016 Financial Results $ milions $,$ per share REPORTED LIKE FOR LIKE BASIS" 2016 2015 Change* 2016 2015 Changet Revenue 3,213 2,918 a 10% 3,213 2,910 a 10% Gross Profit 312.5 298.1 a 5% 312.5 299.6 a 4% Gross Margin % 9.7% 10.2% v 50bps 9.7% 10.3% Vv 60bps Adjusted EBITDA 158.3 169.8 Vv 7% 158.3 14
Slide 6: We ARE Growing
We ARE Growing REVENUE ($MM)* ADJUSTED EBITDA ($MM)* $172 $158 $147 A $110 al | 2014 2015 2016 2014 2015 2016 2016 Excluding One-Time Items* 4.3% margin 5.0% margin 4.9% margin 5.4% margin BACKLOG ($MM)* ADJUSTED EPS FULLY DILUTED* $4,204 $0.92 $0.77 vee A $0.46 A 383% ($0.12) a 2014 2015 2016 2014
Slide 7: We ARE Making Progress
We ARE Making Progress REVENUE ($ MILLIONS) EXCLUD ENERGY INFRASTRUCTURE MINING TOTAL ENERGY INFRASTRUCTURE MINING TOTAL * 2015 Results exclude IST and Quiport IST was sold in April 2015 and Quiport was sold in December 2015, and classified as asset held-for-sale effective June 8, 2015 04 2016 374 2
Slide 8: Strong Backlog with Diversified Profile
Strong Backlog with Diversified Profile 7
Slide 9: Recurring Revenue Poised to Grow
Recurring Revenue Poised to Grow 8
Slide 10: Unprecedented Infrastructure Investment
Unprecedented Infrastructure Investment 9
Slide 11: Infrastructure Outlook
Infrastructure Outlook 10
Slide 12: Diverse Energy Market Opportunities
Diverse Energy Market Opportunities 11
Slide 13: Energy Outlook
Energy Outlook = $1.375BN Darlington Nuclear Refurbishment Project provides long term consistency Nuclear . = Initial opportunities forming for Bruce Power nuclear refurbishment program Refurbishment pp 9 prog = Target doubling of nuclear revenue within five years = Master Service Agreements secured
Slide 14: Growth and Recovery in Contract Mining
Growth and Recovery in Contract Mining Source: Canadian Association of Petroleum Producers, June 2016 Sources: Factset, February 2017 13
Slide 15: Mining Outlook
Mining Outlook Oil Sands Contract . Mining Outlook Strong Commodity . Opportunities Still in . Development Phase . International Mining " Projects Mine Site Development ACCON Oil sands production and reclamation expected to increase following 2016 Alberta wildfires Growth anticipated from new site c
Slide 16: Strong Balance Sheet and Capital Structure
Strong Balance Sheet and Capital Structure 15
Slide 17: Capital Markets Overview
Capital Markets Overview ARE.TSX STATISTICS Price as of April 4, 2017 $17.13 Shares Outstanding 57.9 Million Avg. Daily Volume (8months-TSX & ATS) 640,000 ($10 Million) Dividend Yield 2.9%* Market Capitalization ~$990 Million 52 Week Low/ High $13.07 / $19.19 ANNUAL DIVIDEND HISTORY so.4g $0.50 $0.4
Slide 18: Appendix
APPENDIX ACCON
Slide 19: Q4 2016 Results
Q4 2016 Results $ Millions Revenue Gross Profit Gross Margin % Adjusted EBITDA Adjusted EBITDA Margin % Operating Profit New Awards Backlog Reported Three months ended Like for Like Three months ended December 31 December 31* 2016 2015 Change* 2016 2015 Changet 845 874 3% 845 874 3% 101.6 95.2 7% 10
Slide 20: FY and Q4 2016 Reconciliation
FY and Q4 2016 Reconciliation 19
Slide 21: Aecon contact details
ACPCON ADAM BORGATTI Vice President, Corporate Development & Investor Relations 416.297.2610 | aborgatti@aecon.com AECON PACIFIC HEADQUARTERS AECON WEST HEADQUARTERS AECON EAST HEADQUARTERS Four Bentall Centre, Suite 2124 110-9th Avenue SW, Suite 300 20 Carlson Court, Suite 800 1055 Dunsmuir St, PO