Page 1

AECOM Press Release Investor Contact : Will Gabrielski Senior Vice President , Finance , Investor Relations 213.593.8208 William.Gabrielski@aecom.com Media Contact : Brendan Ranson - Walsh Vice President , Global Communications & Corporate Responsibility 213.996.2367 Brendan.Ranson - Walsh @ aecom.com AECOM unveils plan to more than double adjusted earnings per share and free cash flow from FY'20 to FY'24 LOS ANGELES ( February 16 , 2021 ) — AECOM ( NYSE : ACM ) , the world's premier infrastructure consulting firm , will host a virtual Investor Day today at noon Eastern Time . Key Themes of the Event • • • A growth strategy that is focused on capitalizing on existing strengths as the leading transportation , water and environment consulting firm to best advise clients who are increasingly investing to address critical ESG and sustainability priorities . New organization structure to complement a strong growth - oriented leadership team and a strategy that is focused on growing advisory , program management and digital consulting practices to leverage the Company's strengths and to address clients ' most complex and challenging projects . Technology and innovation deployed at scale to transform how the Company works and delivers , leveraging its leadership position to accelerate design efficiencies and to increase quality and value for clients . Key Financial Highlights and Targets Commitment to outgrow the industry organically by executing the Company's growth plan . • Setting a target to achieve a 15 % + segment adjusted¹ operating income margin² by fiscal 2024 . • • • • • Continued focus on investing in growth and innovation to support organic growth , and leveraging a culture of continuous improvement to ensure even more efficient delivery and higher margins . More than doubling adjusted¹ EPS and free cash flow³ from fiscal 2020 to fiscal 2024 , including greater than $ 4.30 of adjusted EPS and greater than $ 680 million of free cash flow in fiscal 2024 . Deliver $ 2.5 billion of cumulative free cash flow³ from fiscal 2021 to fiscal 2024 , supported by a reiterated expectation to convert 75 % of adjusted EBITDA5 to attributable , unlevered free cash flow on a normalized basis4 . Returning substantially all cash and free cash flow to investors through stock repurchases to enhance value created by the Company's strategy . Increasing the Company's long - term aspirational segment adjusted¹ operating margin² target to 17 % as the organization challenges what is possible for the Professional Services business . " We are as focused as ever on accelerating revenue growth and delivering against our new financial targets , " said Troy Rudd , AECOM's chief executive officer . “ Our leadership team is committed to advancing our growth strategy by prioritizing investments in the best markets and opportunities , driving collaboration across our global platform and leading in key markets with strong demand drivers , such as our clients ' growing focus on ESG , sustainability and decarbonization . It bears repeating , we are the number one environment consulting firm , number one transportation design firm , number one facilities design firm , and we hold many top water and green design rankings . We have an enviable position from which to operate and we are focused on capitalizing on these advantages to set the new standard of excellence in the Professional Services industry . " " Today we are making a substantial commitment to further our margin ambitions and deliver substantial per share earnings and free cash flow growth , " said Gaurav Kapoor , AECOM's chief financial officer . " We are proud of our accomplishments to date , but we are most energized by the growth strategy we are unveiling at today's event and what it means for shareholder valuation creation over time . " AECOM reiterated its financial guidance for fiscal 2021 that includes an expectation for adjusted¹ EPS of between $ 2.60 and $ 2.80 and adjusted¹ EBITDA of between $ 790 million and $ 830 million , which would reflect 26 % and 9 % year - over-