2022 Sustainability Report - Building a Sustainable Future
Overview of Aecon Utilities
Large and diverse utility infrastructure provider in Canada with a growing U.S. presence
Financial Highlights
19%^
of Aecon's Construction
Segment Revenue in Q3'23
TTM Period
$361M
Backlog at Q3'23
24%
Electrical Transmission &
Distribution
Services for substations, tower
assembly and installation, including
high-voltage transmission
Diversified Business Across Key End Markets
20%
Renewables/
In-Home Services
Solar, GeoExchange, battery
storage, smart home, hybrid
27%
Telecom
Turnkey fibre installation, legacy
network and 5G network
expansion
heating and HVAC
US Expansion
$693M
Q3'23 TTM Recurring Revenue
(75% of Total
Aecon Utilities Revenue)
29%
Pipeline Distribution
Natural gas gathering systems,
distribution services
maintenance, facilities
construction, water distribution
Significant opportunities through Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL)
Energy Transition
Energy transition is a key theme in all of Aecon Utilities' core end-markets
Revenue ($M)
$918
$928
19% CAGR
$82M
@
$810
$647
$550
Q3'23 TTM Adjusted EBITDA
2019A
2020A
2021A
2022A
Q3' 23 TTM
ACCON
^ After Construction segment intercompany eliminations for Aecon Utilities
This is a non-GAAP financial measure. Refer to page 2 in this presentation.
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