Capital Markets Overview

Unparalleled Demand Aligned with Aecon's Strengths^ Federal Infrastructure Programs $180B Invest in Canada Plan* 12-year Federal investment plan 2016 to 2028 $15B for public transit projects between 2021 and 2028 with $6B available from 2021 and $3B per year in 2026, 2027 and 2028 $2.75B investment in Universal Broadband Fund over six years $2.2B one-time investment in roads, bridges, water and wastewater plants in municipalities and First Nations communities $8B investment in the Net Zero Accelerator over seven years $15B Invest in Climate Action* $35B Canada Infrastructure Bank $10B investments between 2020 and 2023 announced in October 2020 including i) $1.5B for Zero Emission Buses ii) $2.5B for Clean Power iii) $2B for Broadband iv) $1.5B for Agriculture infrastructure and v) $500M for project acceleration to expedite due diligence and early works construction $1.7B for Lake Erie Connector underwater transmission project between Ontario and Pennsylvania $7.6B BC Budget $7B $0.5B $6B $0.6B $101B $86B Transportation investment over 3 years from 2021 and $147M for broadband $6B Alberta Budget Transportation and public transit investment over 3 years from 2020 plus investment in Edmonton and Calgary LRTS; $1.3B accelerated capital maintenance and renewal budget for 2021; $221M funding for municipalities for transportation and water $101B Quebec Budget Investment in road and transit infrastructure over 10 years from 2021 including $49B investment in road network $86B Ontario Budget Transit and Transportation investment over 10 years from 2020, including $21B in road and highways and $62B in transit. $2.8B additional investment for broadband infrastructure $0.5B Manitoba Budget Transportation investment in 2021 $0.6B Saskatchewan Budget Transportation investment in 2021 ACCON Source: Infrastructure Canada, Canada Infrastructure Bank Investing in New Infrastructure Growth Plan 2020, Ontario Budget 2021, BC Budget 2021, Alberta Budget 2021, Quebec Budget 2021, Manitoba Budget 2021, Saskatchewan Budget 2020 Source: https://www.canada.ca/en/environment-climate-change/news/2020 #Source: Federal Budget 2021 7

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