Aecon Utilities Investment Overview
Solid Backlog & Growing Recurring Revenue Profile
Current backlog excludes Aecon's share of the GO Expansion On Corr, Scarborough Subway Extension SRS and Darlington SMR projects
Total BacklogⓇ ($M)
At September 30
Backlog Duration ($M)
Recurring Revenue ($M)
At September 30
$6,043
$6,275
$6,202
$6,043
$6,275
$6,202
$667
$803
$1,124
$96
$78
$102
$1,306
$84
$1,866
$2,006
$1,732
$69
$1,479
$1,378
$57
$5,965
$6,179
$6,100
2021
2022
2023
■Construction
■Concessions
$1,040
$734
$3,237
$610
$2,857
$2,659
2021
2022
2023
12 Months 13-24 Months Beyond 24 Months
47% Fixed Price
(58% at September 30, 2022)
Backlog Contract Type At September 30, 2023
53% Cost Plus/ Unit Price
(42% at September 30, 2022)
46% Fixed Price
(51% same period last year)
Q3 2023 TTM Revenue+
*These projects were awarded in a collaborative model and are currently in the development and alliance phases. Further detail on these projects is provided on Slide 10.
+ TTM Revenue contract mix reflects inclusion of recurring revenue (Cost Plus/Unit Price) and timing of backlog work off.
This is a non-GAAP financial measure. Refer to page 2 in this presentation.
ACCON
Q3 2021 TTM
Q3 2022 TTM Q3 2023 TTM
■Construction ■Concessions
54% Cost Plus/Unit Price
(49% same period last year)View entire presentation