Aecom · NYSE:ACM
Aecom — Investor Presentation (March 2015)
16 slides from Aecom's investor presentation, Mar 10, 2015
Slide 1: AECOM March 2015
AECOM March 2015
Slide 2: Safe Harbor
Safe Harbor Except for historical information contained herein, this presentation contains “forward - looking statements.” All statements other than statements of historical fact are “forward - looking statements” for purposes of federal and state securities laws, including any projections of earnin
Slide 3: A Leading Global Engineering and Construction Services Company
Vision: Become the world’s leading fully integrated infrastructure firm. Leading provider of infrastructure services with skillsets enhanced through the URS combination. Services span the life-cycle of a project from conception and financing through design, construction, and management services. Glo
Slide 4: Q1 FY15 Operational Achievements
Q1 FY15 Operational Achievements Page 4 Delivered on cash and debt reduction: Generated $253 million of free cash flow and reduced debt by ~$350 million1. Returned to positive organic growth: Delivered 3% constant currency organic revenue growth led by Construction Services (+25%) and improved DCS p
Slide 5: URS Integration Update
URS Integration Update We are executing against our plan to deliver synergies, leverage growth opportunities, and reduce our debt. Page 5 $275 million total synergy target on track. Making progress on labor, non-labor, and real estate savings. Accelerating real estate synergies. Attractive financial
Slide 6: Cash Generation and Capital Allocation Highlights
Cash Generation and Capital Allocation Highlights Q1 FY15 Highlights Closed financing of URS transaction. Generated $253 million of FCF1 in Q1 FY15. Repaid approximately $350 million in debt subsequent to closing the URS transaction in October. FY2012-FY2014 Highlights Repurchased $660 million of st
Slide 7: Positioned for Domestic Infrastructure Growth
Positioned for Domestic Infrastructure Growth AECOM holds the leading position in several market categories. Page 7 An estimated $3.6 trillion1 is needed to maintain domestic infrastructure. Congress working towards a funding solution to support a multi-year highway authorization. Power & chemical o
Slide 8: Design and Consulting Services (~45% of Revenue)
Design and Consulting Services (~45% of Revenue) Page 8 #1 global design firm1 with top rankings in key end markets: Facilities; Transportation; Water & Environmental; Power & Energy. Strengthened competitive position in the Americas. Concentrated in regions with strong funding (e.g., New York, Los
Slide 9: Construction Services (~35% of Revenue)
Construction Services (~35% of Revenue) Page 9 Leading vertical construction platform enhanced with the addition of legacy URS Oil & Gas and Energy & Construction businesses. Built on a heritage of delivering large, complex, and often unique projects. Managing the business to respond to commodity pr
Slide 10: Management Services (~20% of Revenue)
Management Services (~20% of Revenue) Page 10 Management Services extends AECOM’s integrated model beyond design and construction through life-cycle management and support for government and commercial clients. Expanded federal capabilities. Minimal overlap. AECOM’s diversification strategy accelera
Slide 11: Fiscal 2015 Financial Outlook
Fiscal 2015 Financial Outlook Adjusted EPS1 of $2.75-$3.35. Assumptions: Effective tax rate2 of approximately 30%. FY15 share count of approximately 151 million. 50 weeks of URS contribution. Approximately $210 million in depreciation expense. Capital expenditures of approximately $170 million. Appr
Slide 12: Q1 FY15 Business Highlights & Outlook
Q1 FY15 Business Highlights & Outlook Construction Services Private construction activity driving growth. Recent Hunt acquisition performing ahead of plan. Larger international opportunities emerging. O&G pressured by reductions to capex within the NA market. Design & Consulting Services Delivered A
Slide 13: Executing Our Strategy – Diversified Platform
Executing Our Strategy – Diversified Platform 1The average represents 8 industry peers, including AECOM. Company Diversification Government 17% Infrastructure 26% Infrastructure 28% Government 20% Page 13 Energy 49%
Slide 14: Diversified, Lower Risk Business Model
Diversified, Lower Risk Business Model Page 14 Note: End Markets, Geographies and Funding Sources estimates based on Q1 FY15 pro forma revenue where work is performed and including full-quarter results for URS. Contract Type estimate based on Q1 FY15 backlog. Power Environmental Transportation Facil
Slide 15: Appendix: Free Cash Flow Reconciliation
Appendix: Free Cash Flow Reconciliation Page 15 Reconciliation of Net Cash Porvided by Operating Activities to Free Cash Flow Three months ended $ millions September 30, 2012 September 30, 2013 September 30, 2014 December 31, 2014 Net cash provided by operating activies $433.4 $408.6 $360.6 $282.6 C
Slide 16: Thank you!
100K Employees 150+ Countries $19 Billion Serving clients in over 150 countries around the world Nearly 100,000 dedicated professionals globally $19 billion in pro-forma revenue for LTM ended Dec. 31, 2014 Note: Figures include pro-forma estimates for URS and Hunt Construction Group. Thank you! Page