Investor Presentaiton
Regulation G Information
FY2023 GAAP EPS Guidance based on Adjusted EPS Guidance
(all figures approximate)
GAAP EPS Guidance
Adjusted EPS excludes:
Amortization of intangible assets
Amortization of deferred financing fees
Non-core AECOM Capital, YTD Actual
Restructuring expenses
Tax effect of the above items
Adjusted EPS Guidance
FY2023 GAAP Net Income Attributable to AECOM from Continuing Operations Guidance
based on Adjusted EBITDA Guidance
(in millions, all figures approximate)
GAAP net income attributable to AECOM from continuing operations guidance*
Adjusted net income attributable to AECOM from continuing operations excludes:
Amortization of intangible assets
Amortization of deferred financing fees
Non-core AECOM Capital, YTD Actual
Tax effect of the above items
Restructuring expenses
Fiscal Year End 2023
$3.15 to $3.40
$0.12
$0.04
$0.01
$0.35 to $0.28
($0.12) to ($0.10)
$3.55 to $3.75
Fiscal Year End 2023
$444 to $480
$17
$5
$2
$50 to $40
Adjusted net income attributable to AECOM from continuing operations
Adjusted EBITDA excludes:
Depreciation
Adjusted interest expense, net
($18) to ($16)
$500 to $528
Tax expense, including tax effect of above items
Adjusted EBITDA Guidance
* Calculated based on the mid-point of AECOM's fiscal year 2023 EPS guidance
Page 21
Mar 31,
2022
Three Months Ended
Dec 31,
2022
Mar 31,
2023
Reconciliation of Net Income Attributable to AECOM from Continuing Operations per Diluted Share to
Adjusted Net Income Attributable to AECOM from Continuing Operations per Diluted Share
Net income attributable to AECOM from continuing
operations per diluted share
$
0.34 $ 0.62 $
0.84
Per diluted share adjustments:
Non-core AECOM Capital (income) loss
(0.01)
(0.02)
0.04
Restructuring costs
Amortization of intangible assets
0.51
0.27
0.03
0.03
0.03
0.03
Financing charges in interest expense
0.01
0.01
0.01
Tax effect of the above adjustments*
(0.06)
(0.07)
(0.03)
Valuation allowances and other tax only items
0.01
Adjusted net income attributable to AECOM from continuing
operations per diluted share
$
0.83 $ 0.84
$
0.92
Weighted average shares outstanding - basic
Weighted average shares outstanding - diluted
141.1
142.6
138.7
140.6
138.9
140.3
* Adjusts the income taxes during the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above.
Reconciliation of Net Income Attributable to AECOM from Continuing Operations to EBITDA to
Adjusted EBITDA and to Adjusted Income from Operations
Net income attributable to AECOM from continuing
operations
$ 49.0
$ 87.5 $ 118.2
Income tax expense
36.0
25.8
41.1
Depreciation and amortization
43.7
43.4
44.0
Interest income²
(1.8)
(5.9)
(9.8)
$152
$120
Interest expense
24.2
36.7
42.4
$163 to $175
Amortized bank fees included in interest expense
(1.2)
(1.2)
(1.2)
EBITDA
$ 149.9
$
186.3
$935 to $975
$ 234.7
Non-core AECOM Capital (income) loss
(0.9)
(3.2)
5.6
Restructuring costs
73.3
37.5
4.0
Adjusted EBITDA
$ 222.3
$
220.6 $ 244.3
Other income
(3.3)
(7.9)
(12.3)
Depreciation¹
(37.8)
(37.7)
(38.4)
Interest income²
Noncontrolling interests in income of consolidated
subsidiaries, net of tax
1.8
5.9
9.8
5.6
9.6
8.1
Amortization of intangible assets included in NCI,
net of tax
0.1
0.2
$ 188.7
$
190.7
$
0.1
211.6
Adjusted income from operations
1 Excludes depreciation from discontinued operations
2 Included in other income
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