Capital Markets Overview
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Diverse Capital Allocation Program Focus on Profitable Growth and Risk
Management to drive Shareholder Returns
Profitable Growth
Preserve Financial
Strength
M$
Enhance
Shareholder
Returns
Support capital expenditures and investments
in new projects, technology and equipment
Investment in value creating Concessions portfolio
Tuck-in acquisitions to expand capabilities and
geographic end markets
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Strong and liquid balance sheet to support pursuit
and execution of major projects and concessions
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Lead joint ventures, attract the right partners and
achieve desired project credit ratings
Demonstrate resiliency and capacity to absorb
working capital and risk management requirements
Balanced and Diversified
Capital Allocation
ACCON
Capital Expenditures & Investments &
$525 million over the last 5 years+
Dividends
$
$167 million over the last 5 years+
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Dividends have increased 9 of the last 10 years with
13% CAGR*
Diluted Earnings per Share has grown at 23% CAGR
over the last 5 years#
5 year Total Shareholder Return of 25%
M&A >$35 million over the last three
years for five strategic, tuck-in acquisitions
NCIB
>$23 million between November 2019
and March 2020
2011 to 2021 annual dividend
# CAGR of full year Diluted EPS from 2015 to 2020; excludes one-time gain on sales of Quito International Airport & IST in 2015
& Includes investments in plant property and equipment, technology and equity investments in concessions projects
@December 31, 2015 to December 31, 2020
+ Q4 2016 to Q3 2021
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