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Investor Presentaiton

Capital Markets Overview ARE.TSX Statistics as of January 4, 2024 Analyst Coverage^ Firm ATB Capital Analyst Telephone Chris Murray (647) 776-8246 BMO Capital Markets Devin Dodge $13.44 Share Price 5.5% (416) 359-6774 Dividend Yield 61.8 Million Shares Outstanding 0.4 Million ($5.0 Million) Avg. Daily Share Volume (3 months TSX & ATS) - | 52 Week Low/High ~$0.8 Billion Market Capitalization $8.29 / $14.04 Canaccord Genuity CIBC Capital Markets Desjardins Securities National Bank Financial Paradigm Capital Raymond James Jacob Bout Yuri Lynk (514) 844-3708 (416) 956-6766 Benoit Poirier (514) 281-8653 Laurentian Bank Securities Jonathan Lamers (416) 577-1755 Maxim Sytchev (416) 869-6517 Alexandra Ricci (416) 361-6056 Frederic Bastien (604) 659-8232 $0.70 $0.74 $0.74 RBC Dominion Securities Sabahat Khan (416) 842-7880 $0.64 $0.58 $0.46 $0.50 $0.50 Stifel GMP Ian Gillies (416) 943-6108 $0.40 $0.36 $0.32 TD Securities Michael Tupholme (416) 307-9389 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Expected ACCON Annual Dividend History 6 Buy/Outperform Recommendations 6 Hold / Sector Perform Recommendations $13.08 Average Target Price The views of analysts do not necessarily represent the views of Aecon. 28
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