Aecon Group Inc. · TSX:ARE

Aecon — Q2 2018 Earnings Presentation

16 slides from Aecon's earnings presentation, Jul 27, 2018

  1. Slide 1: Aecon Group Inc. Q2 2018 Results Presentation

    AECON GROUP INC. (TSX:ARE) Q2 2018 RESULTS PRESENTATION JULY 27, 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 Conventional Industrial Mine Site Installation (Non-Mining) Major Projects East Major Projects West 14% 8% 44% 12% Contract Mining 12% Transportation Utilities Nuclear 44% 39% 27%

  4. Slide 4: Q2 2018 Financial Results - Reported

    Q2 2018 Financial Results - Reported

  5. Slide 5: Q2 2018 Financial Results – Adjusted

    Q2 2018 Financial Results – Adjusted

  6. Slide 6: Q2 2018 and Q2 2018 TTM Reconciliation

    Q2 2018 and Q2 2018 TTM Reconciliation ▪

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

    Revenue and Adj. EBITDA Margin by Segment

  8. Slide 8: Infrastructure Q2 2018 Results

    Infrastructure Q2 2018 Results $1,003 $1,046 $320 $237 Q2 17 Q2 18 Q2 17 TTM Q2 18 TTM $50 $49 $18 $9 Q2 17 Q2 18 Q2 17 TTM Q2 18 TTM $1,874 $2,953 $160 $906 Q2 17 Q2 18 Q2 17 TTM Q2 18 TTM

  9. Slide 9: Industrial Q2 2018 Results

    Industrial Q2 2018 Results $442 $420 $2,066 $1,668 Q2 17 Q2 18 Q2 17 TTM Q2 18 TTM $19 $137 $14 $101 Q2 17 TTM Q2 18 TTM Q2 17 Q2 18 $1,847 $1,604 $695 $520 Q2 17 Q2 18 Q2 17 TTM Q2 18 TTM

  10. Slide 10: Concessions Q2 2018 Results

    Concessions Q2 2018 Results ▪ ▪ ▪

  11. Slide 11: Record Backlog with Diversified Profile

    Record 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 BALANCE SHEET (SMM) DEBT 10 ADJUSTED EBITDA“ * Cash’ Working Capital Long-Term Debt - Finance Leases - Equipment & Other Asset Loans LT Debt excluding Convertible Debentures Convertible Debentures (Face Value) - Due December 2018 (5.5%) Total Convertible Debenture

  14. Slide 14: Cash Position

    Cash Position FREE CASH FLOW (SMM) KEY DRIVERS FOR FREE CASH FLOW MOMENTUM a2 2018 Y/E TIM 2017 Pen . os . Adjusted EBITDA 1618 1565 Significant working capital improvement in 2018 YTD Cash interest up due to interest expense on non- Cash Interest Expense (net) (31.2) (22.7) recourse project debt fo

  15. Slide 15: Outlook

    Outlook Backlog and Revenue Growth Expected in 2018 and Beyond $6.4 billion backlog at June 30, 2018 with further growth expected based on robust pipeline of opportunities F.G. Gardiner Expressway Rehabilitation Project ($248 million) awarded in July 2018 Mainline pipeline activity expected to contr

  16. Slide 16: Aecon

    ACVPCON ADAM BORGATTI Senior Vice President, Corporate Development & Investor Relations 416.297.2610 | aborgatti@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, B

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