Slide 1: Second Quarter Fiscal 2021
Second Quarter Fiscal 2021 LOWER MANHATTAN COASTAL RESILIENCY PROGRAM United States AECOM is leading the multi-disciplinary coastal protection initiative that spans landscape architecture, planning policy, urban design, architecture and engineering. The 3.5-mile-long project aims to improve access t
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 Executive Officer President Chief Financial Officer Second Quarter Fiscal 2021
Slide 4: Our Second Quarter Accomplishments
Our Second Quarter Accomplishments 13.1% • Proud of how our teams have delivered strong performance against an uncertain backdrop Continued Margin 11.7% – NSR increased by 1% over the prior year Expansion – Further expanded our industry-leading margins with 140 Q2’20 Q2’21 basis points of improvemen
Slide 5: Improving Market Trends and Execution of Our Strategy Providing Confidence
Improving Market Trends and Execution of Our Strategy Providing Confidence State and local clients, our largest public-sector client base, are on O PERATING FROM A P OSITION OF S TRENGTH stronger financial ground following $350 billion of financial support provided in the March COVID Relief bill Deb
Slide 6: Advancing Key Operational Priorities
Advancing Key Operational Priorities Gaining Market Share Leading in ESG Supporting Our Professionals Launched our Sustainable Legacies Investing in technical excellence and to Creating value for our employees and strategy to galvanize our teams’ focus extend our market-leading position our clients
Slide 7: Q2'21 Professional Services Financial Results
Q2’21 Professional Services Financial Results GAAP RESULTS VS. PRIOR YEAR: • Delivered another quarter of results that exceeded TOTAL REVENUE $3.27 billion 1% our expectations on every key financial metric OPERATING INCOME $158 million 43% EPS $0.59 97% – Revenue and NSR both increased by 1%, consis
Slide 8: Q2'21 Segment Results – Americas
Q2’21 Segment Results – Americas GAAP RESULTS VS. PRIOR YEAR: • NSR4 declined by 1% reflecting pre-COVID comps TOTAL REVENUE $2.47 billion (0%) OPERATING INCOME $155 million 10% • Sequential NSR growth of 7% reflects improving market conditions KEY PERFORMANCE INDICATORS VS. PRIOR YEAR (NON-GAAP): •
Slide 9: Q2'21 Segment Results – International
Q2’21 Segment Results – International GAAP RESULTS VS. PRIOR YEAR: TOTAL REVENUE $796 million 3% OPERATING INCOME $46 million 28% • NSR4 increased by 3% over the prior year KEY PERFORMANCE INDICATORS VS. PRIOR YEAR (NON-GAAP): – International performance included growth in each of our U.K., Hong Kon
Slide 10: Cash Flow and Capital Allocation Highlights
Cash Flow and Capital Allocation Highlights Gross Leverage6 • Improved cash flow performance reflects strong execution 3.1x on our priority to improve cash flow phasing – Free cash flow4 of ($11) million in the first half of the year 2.5x marks a substantial improvement from prior years • Continue t
Slide 11: Raising Our Fiscal 2021 Adjusted EPS Guidance
Raising Our Fiscal 2021 Adjusted EPS Guidance $2.65 - $2.85 • Raising our adjusted1 EPS guidance and now Raised Adjusted1 $2.15 expect 28% growth at the mid-point of the range EPS Growth Outlook FY’20 FY’21E – Our guidance only incorporates the benefit of already completed repurchases and a diluted
Slide 12: Appendix
Appendix Second Quarter Fiscal 2021
Slide 13: Footnotes
Footnotes 1 Excludes the impact of non-operating items, such as non-core operating losses and transaction-related expenses, restructuring costs and other items. See Regulation G Information for a complete reconciliation of Non-GAAP measures. 2 Reflects segment operating performance, excluding AECOM
Slide 14: AECOM: The World's Premier Infrastructure Consulting Firm
AECOM: The World’s Premier Infrastructure Consulting Firm We deliver professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. Across the globe, we partner with our clients in the public and private sectors to solve their m
Slide 15: 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 Broad Technical Lower-Risk to Key End Markets Exposure Funding Sources Expertise Business Model Engineers Private Transportation Program 3% 5% 9% State & Local 9% U.S. 19% Managers Cost-Plu
Slide 16: Professional Services Business with a Strong Cash Flow Profile
Professional Services Business with a Strong Cash Flow Profile KEY ATTRIBUTES THAT RESULT IN CONSISTENTLY STRONG CASH PROJECTED FREE CASH FLOW CONVERSION7 (IN MILLIONS) GENERATION: • Broadly diversified by end market, client type and service type $810 ~75% Conversion • High-returning, lower-risk Pro
Slide 17: Regulation G Information
Regulation G Information Reconciliation of Revenue to Revenue, Net of Subcontractor and Other Direct Costs (NSR) Three Months Ended Mar 31, Dec 31, Mar 31, Three Months Ended 2020 2020 2021 Mar 31, Dec 31, Mar 31, 2020 2020 2021 Reconciliation of Segment Income from Operations to Adjusted Income fro
Slide 18: Regulation G Information
Financing charges in interest expense 0.01 0.01 0.02 0.02 0.03 Tax effect of the above adjustments* (0.07) (0.04) (0.04) (0.16) (0.06) Valuation allowances and other tax only items 0.01 (0.02) - 0.01 (0.02) Adjusted net income attributable to AECOM from continuing operations per diluted share $ 0.55
Slide 19: Second Quarter Fiscal 2021
A=COM cries Second Quarter Fiscal 2021