Capital Markets Overview & Strategic Monetization Transactions
Diverse Business Model
Q3 2023 TTM Revenue
Q3 2023 TTM Operating Profit
$4,692 M+
$92 M+
$54 M+
Concessions
Construction 03 2023 TIMA, EBITDA
Urban Transportation
Solutions
13%*
Civil
31%*
ACCON
رہہ
Nuclear Power
15%*
SKYPORT
*
Utilities
19%*
MOSAIC
TRANSIT GROUP
ONXPRESS
TRANSPORTATION PARTNERS
HOW
NNI&
CROSSLIN
TRANSIT SOLUTIONS
BRIDGING
NORTHAMERICA
Industrial
22%*
GRANDLINQ
CONTRACTORS
Q3 2023 TTM Revenue
Q3 2023 TTM Adj. EBITDA
Q3 2023 TTM Operating Profit
$91 M+
$89 M+
@
$177 M**
BERMUDA
INTERNATIONAL AIRPORT
50.1%^%
FINCH
WEST LRT
33.3%
GO RAIL NETWORK
ON-CORRIDOR
28.0%^
EGLINTON
LRT
25.0%^
GORDIE HOWE
INTERNATIONAL BRIDGE
20.0%^
WATERLOO
LRT
10.0%^
ONEIDA ENERGY
STORAGE L.P.
8.35%^
+ Before corporate costs and eliminations.
* % of Q3 2023 TTM Construction revenue; Civil sector includes Roads and Highways operations, which contributed 9% of Construction segment revenue.
^ % of Aecon equity ownership in Infrastructure Project Companies and Operators.
* CC&L Infrastructure acquired a 49.9% interest in the concessionaire, which closed in Q3 2023. Aecon Concessions retains the management contract for the airport and joint control of Skyport with a 50.1% retained interest.
This is a non-GAAP financial measure. Refer to page 2 in this presentation.
* Operating profit for Concessions segment includes a gain related to the sale of a 49.9% interest in the Bermuda International Airport concessionaire of $139 million, including a fair value remeasurement gain of $80.4 million on Aecon's 50.1% retained interest in the concessionaire.View entire presentation