Aecon Group Inc. · TSX:ARE
Aecon — Investor Presentation (November 2010)
16 slides from Aecon's investor presentation, Nov 22, 2010
Slide 1: Building Things That Matter
Building Things That Matter November 22, 2010 1
Slide 2: Forward Looking Information
Forward Looking Information The information in this presentation includes certain forward-looking statements. These “forward-looking” statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. uncertainties Rec
Slide 3: Capital Market Metrics and Company Statistics
Capital Market Metrics and Company Statistics Revenue $2.26 billion One-Year Share Price Performance Backlog $2.72 billion Market Capitalization $561 million 52 Week Range $9.80 - $15.29 Shares Outstanding 58.5 million Avg. Daily Volume (3 months) 341,878 Updated 11-22-2010 Annual Dividend $0.20 / s
Slide 4: Building Strength For Over 130 Years
Building Strength For Over 130 Years 4
Slide 5: A Balanced Investment: Scale, Growth & Diversification
A Balanced Investment: Scale, Growth & Diversification A leadership position in its chosen markets • Top Three Contractors in Canada (largest publicly traded) • Among Canada’s leaders in: - civil construction / mining - pipe fabrication - utilities tiliti construction t ti - module d l assemblybl -
Slide 6: A Balanced Investment: Scale, Growth & Diversification
A Balanced Investment: Scale, Growth & Diversification Q3 TTM Revenue by Geography Q3 TTM Revenue by Sector Quebec & Transport'n Eastern Canada Western Canada 8% 28% 38% Ontario 47% Social Oil Sands 21% 16% Other Energy Utilities 14% 7% Other 14% Q3 TTM Revenue by Public/Private Indirect Public/Util
Slide 7: Strategic Plan Drives Success
Strategic Plan Drives Success 1 Invest in our people ■ Recognized one of the Best Employers in Canada 4 years in a row ■ It is our people who customers and shareholders are investing in 2 Leverage our capabilities ■ Vertically integrated, full service company with turnkey capabilities ■ Focus on val
Slide 8: 5 Year Revenues & EBITDA
5 Year Revenues & EBITDA ($ MILLIONS) 8
Slide 9: Transportation & Social Infrastructure: Accelerated Investment
Transportation & Social Infrastructure: Accelerated Investment Aging civil infrastructure across Canada, with an ‘infrastructure deficit’ of more than $100 billion 59% of our civil infrastructure is over 40 years old 79% is past its prime/ life expectancy Government commitment to infrastructure
Slide 10: Oils Sands: Powerful Growth
Oils Sands: Powerful Growth Oil sands production is projected to increase by over 90% in the next 10 years (and 130% in 15 years) In 10 years, 25% of oils sands production will come from units not yet under construction (40% in 15 years) Canadian Oil Production (2005-2025) 4,500 Tot: 4,336 4,000
Slide 11: Utilities & Water/Wastewater: A Bright Future
Utilities & Water/Wastewater: A Bright Future Utilities Water/Wastewater Stable, ongoing relationships Municipal underfunding has created significant demand across Canada Increasingly conducted through supplier- of-choice arrangements Successful alliance in Western Canada with EPCOR / Stante
Slide 12: Reporting Segments
Reporting Segments $ at Sept 30, 2010 (millions) Infrastructure Buildings Industrial Concessions TTM Revenue $959 $537 $925 $95 TTM Op. Profit $75 $(28) $31 $23 Backlog Revenue $1,080 $574 $871 n/a Capabilities ■ Heavy Civil Construction ■ Construction Management ■ Industrial Construction ■ Domestic
Slide 13: Strong Q3 Backlog
Strong Q3 Backlog Backlog Revenue Industrial Buildings Infrastructure Backlog Duration $million $3,000 $2,500 $2,000 12 - 24 Months $532 million (21%) $1,500 $ $1,000 > 24 Months $332 million < 12 Months (13%) $500 $1.7 billion (66%) $0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 14: Considerable Financial Flexibility and Low Leverage
Considerable Financial Flexibility and Low Leverage ($ millions) Sept 30, 2010 Sept 30, 2009 Consolidated Consolidated Cash (including restricted cash & marketable securities) 237 393 Cash (excluding restricted cash, market securities & amounts in JVs / SPVs) 15 228 Working Capital 29 297 Total Asse
Slide 15: In Summary . . .
In Summary . . . An industry leader in a growing sector of the Canadian economy Well diversified operations by region, customer and sector Significant management, board and employee holdings Member of S&P/TSX Composite Index Good trading liquidity Strong financial fundamentals 15
Slide 16: Building Things That Matter
Building Things That Matter 16