Slide 1: First Quarter Fiscal 2025
First Quarter Fiscal 2025 AUSTIN LIGHT RAIL United States The Company will serve as delivery partner for the Austin Transit Partnership, providing program management and an array of technical services on the first phase of an approximately 10-mile light rail system in Texas’s capital.
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 Financial & Chief Executive Officer President Operations Officer Page 3
Slide 4: First Quarter Fiscal 2025 Highlights
First Quarter Fiscal 2025 Highlights • NSR1 growth accelerated to 5.5%, incl. 9% growth in $1.31 Delivered strong the Americas design business $1.05 1 performance on all key financial metrics • • Margins set new first quarter records 8% adj.2 EBITDA3 growth and 25% adj.2 EPS growth Q1’24 Q1’25 (Reco
Slide 5: Limited Exposure to Markets with Greatest Budget Uncertainty
Limited Exposure to Markets with Greatest Budget Uncertainty • Our revenue mix is highly diversified by client, market sector and geography. • As a result, our direct exposure to the agencies likely to face the most budget scrutiny is minimal. • The Inflation Reduction Act (IRA) is not material to u
Slide 6: Increased Fiscal 2025 Guidance: Expecting Another Record Year
Increased Fiscal 2025 Guidance: Expecting Another Record Year FY’25 Guidance YoY Change • Continue to expect fiscal 2025 to be a record year for all key Net Service Revenue1 Growth 5 – 8% -- financial metrics Segment Adj.2 Operating • Guidance reflects the benefits 16.1% +30 bps Margin7 of the diver
Slide 7: Strategic Accomplishments
Strategic Accomplishments Operating from a Position of Investing in the Business Adjusted2 EPS Strength • Q1’25 results exceeded expectations • Expanding our industry-leading margins, AGR enabling record business development and 19% C on all key financial metrics and increased our guidance for FY’25
Slide 8: Expanding Advisory Services: Water & Environment Advisory Business
Expanding Advisory Services: Water & Environment Advisory Business • Created a Water and Environment Advisory as our next $1 Current NSR 3 Years Long-Term NSR Goal billion organic growth platform ~$200 million 2x Growth $1 billion • Pursuing a white space growth opportunity while building on domain
Slide 9: Strong End Markets Supported by Long-Term Growth Drivers
Strong End Markets Supported by Long-Term Growth Drivers Secular Driver U.S. and Canada U.K. and Ireland • IIJA is continues to benefit markets; less • 1.4x book-to-burn across the region, reflecting than 35% of funding has been spent strong alignment with key growth markets Global • Strong state an
Slide 10: Capital Allocation Update
Capital Allocation Update Net Leverage9 Strong Cash Flow & Balance Sheet • Free cash flow4 increased 28% to $111 million in Q1 0.9x 0.8x • Continue to expect to convert 100% of adj. net income to free cash flow in FY’25 • Net leverage9 of 0.8x and high cost of debt certainty Executing on Our Returns
Slide 11: Long-Term Algorithm for Double-Digit Profit Growth
Long-Term Algorithm for Double-Digit Profit Growth Consistent performance delivered by an industry-leading professional services infrastructure consulting firm 5 – 8% Annual Organic NSR1 Growth Minimum 20 – 30+ bps of Annual Margin Delivering Expansion Double-Digit Annual Adjusted EPS j Highly Cash-
Slide 12: Performance Update
Performance Update Delivering a better world A=COM
Slide 13: Q1'25 Financial Performance by Segment
Q1’25 Financial Performance by Segment Americas Segment International Segment • Delivering Growth: NSR1 up 8%, including 9% in design • Delivering Growth: NSR1 up 2% • Margin Expansion: Adj.2 operating margin up 40 bps to • Margin Expansion: Adj.2 operating margin up 20 basis 18.7%, a first quarter
Slide 14: Historical Backlog and Book-to-Burn Performance
Historical Backlog and Book-to-Burn Performance Enterprise Book-to- 1.3x 1.4x 1.1x 1.0x 1.0x 1.2x 1.0x 1.1x 1.1x Burn6 Enterprise 1.2x TTM Book-to- 1.1x 1.1x 1.1x 1.1x 1.1x Burn6 $23.3 $23.8 $23.4 $23.9 $23.9 $23.0 $23.2 $23.2 $22.0 $16.9 $16.9 $16.9 $17.0 $17.4 $17.4 $17.4 $17.5 $16.3 $5.7 $6.1 $6.
Slide 15: We Are Outperforming Our Sector
We Are Outperforming Our Sector LEADING PROFITABILITY SUBSTANTIAL VS. PEERS VALUATION GAP 17.9x 15.8% 15.9% 15.1% 15.4% 14.7% 15.0% Peer Avg11: 13.5% 13.9x FY'23 Q1'24 TTM Q2'24 TTM Q3'24 TTM FY'24 Q1'25 TTM ACM Peers 11 Segment Adjusted2 Operating Margin7 (on Net Service Revenue1) EV / Adj. EBITDA
Slide 16: Margin Reconciliation Bridge
Margin Reconciliation Bridge EBITDA Margin Bridge Q1’25 FY'25E Net Service Revenue (NSR) $1,801.3 $7,630.0 Segment AOI $277.7 $1,229.5 Adjusted EBITDA $271.4 $1,192.5 NCI net of NCI Interest Income $9.9 $55.0 Adj. EBITDA Incl. NCI $281.3 $1,247.5 Segment AOI Margin 15.4% 16.1% Adj. EBITDA Incl. NCI
Slide 17: Appendix
Appendix Delivering a better world A=COM
Slide 18: Who We Are
Who We Are #1 Water #2 Program Management #3 Bridges We are the trusted global Transportation Environmental Firm General Design Firm Marine and Ports infrastructure leader. Water Transmission Lines and Aqueducts General Building Across the globe, we partner with our clients in the Water Treatment an
Slide 19: 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 Deep Technical Lower-Risk to Key End Markets Exposure Funding Sources Expertise Business Model Engineers U.S. Non-U.S. 10% Water 6% Program 7% 26% 17% Europe, Governments 19% Transportation
Slide 20: Business Segment Mix
Business Segment Mix Americas Segment International Segment 8% 11% 23% 2% 11% Water 10% 29% Water Transportation Transportation 8% 28% Facilities Facilities 22% Environment / Energy Environment / Energy 35% 15% U.K. & Ireland Australia-New Zealand U.S. Middle East Canada 19% Hong Kong 88% Latin Amer
Slide 21: Footnotes
Footnotes 1 Revenue, less pass-through revenue; growth rates are presented on a constant-currency basis. 2 Excludes the impact of certain items, such as restructuring costs, amortization of intangible assets, non-core AECOM Capital and other items. See Regulation G Information for a reconciliation o
Slide 22: Regulation G Information
Regulation G Information Page 22
Slide 23: Regulation G Information
Regulation G Information Page 23
Slide 24: A=COM ovreiier ora
A=COM ovreiier ora