2022 Sustainability Report - Building a Sustainable Future
Concessions Q3 2023 Results
Revenue up by $4M, or 21%, quarter-over-quarter
Primarily due to an increase in commercial flight operations at the Bermuda International Airport.
Adjusted EBITDAⓇ up by $6M, or 32%, quarter-over-quarter and
Operating Profit up by $144M, or 1,740%, quarter-over-quarter
Q3 2023*
Revenue ($M)
Q3 2023 TTM*
Revenue ($M)
$74
+23%
$26
$22
+21%
$91
Q3 2022
Adj. EBITDA ($M)
Q3 2023
Q3 2022 TTM
Q3 2023 TTM
Adj. EBITDA ($M)
$89
$27
$68
+32%
$21 +32%
Q3 2023
Q3 2022 TTM
Q3 2023 TTM
Operating Profit ($M)
Operating Profit ($M)
Primarily driven by a gain related to the sale of a 49.9% interest in Skyport of $139.0 million,
including a fair value remeasurement gain of $80.4 million on Aecon's 50.1% retained interest in
Skyport, an improvement in operating results at the Bermuda International Airport, and from an
increase in management and development fees.
Q3 2022
ACCON
Totals and variances may not add due to rounding and eliminations.
This is a non-GAAP financial measure. Refer to Refer to page 2 in this presentation.
$177
+801%
$152.7
+1,740%
$8.3
$20
Q3 2022
Q3 2023
Q3 2022 TTM
Q3 2023 TTM
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