AECOM

Reportable Segments

Three Months Ended September 30, 2019

Revenue

Cost of revenue

Gross profit

Equity in earnings of joint ventures

General and administrative expenses

Restructuring costs

Gain (loss) on disposal activities

Impairment of long-lived assets, including goodwill

Income (loss) from operations

Gross profit as a % of revenue

Three Months Ended September 30, 2018

Revenue

Cost of revenue

Gross profit

Equity in earnings of joint ventures

General and administrative expenses

Loss on disposal activities

Income (loss) from operations

Gross profit as a % of revenue

AECOM

Reportable Segments

(in thousands)

Twelve Months Ended September 30, 2019

Revenue

Cost of revenue

Gross profit

Equity in earnings of joint ventures

General and administrative expenses

Restructuring costs

Gain (loss) on disposal activities

Impairment of long-lived assets, including goodwill

Income (loss) from operations

Gross profit as a % of revenue

Contracted backlog

Awarded backlog

Unconsolidated JV backlog

Total backlog

Twelve Months Ended September 30, 2018

Revenue

Cost of revenue

Gross profit

Equity in earnings of joint ventures

General and administrative expenses

Loss on disposal activities

Impairment of assets held for sale, including goodwill

Income (loss) from operations

Gross profit as a % of revenue

Contracted backlog

Awarded backlog

Unconsolidated JV backlog

Total backlog

Reconciliation of Revenue to Amounts Provided by Acquired Companies

Revenue

AECOM Consolidated

Design & Consulting Services

Construction Services

Management Services

AECOM Capital

Reconciliation of Income from Operations to
Adjusted Income from Operations

Income (loss) from operations

)

Noncore operating losses & transaction related expenses

Impairment of long-lived assets, including goodwill

Acquisition and integration-related items

)

)

)

)

)

Restructuring costs

Loss on disposal activities

Amortization of intangible assets

Adjusted income from operations

Reconciliation of Income Before Income Taxes to
Adjusted Income Before Income Taxes

Income (loss) before income tax expense (benefit)

)

)

Noncore operating losses & transaction related expenses

Impairment of long-lived assets, including goodwill

Acquisition and integration-related items

)

)

)

)

)

Restructuring costs

Loss on disposal activities

Amortization of intangible assets

FX gain from forward currency contract

)

Financing charges in interest expense

Adjusted income before income tax expense

Reconciliation of Income Taxes to
Adjusted Income Taxes

Income tax expense (benefit)

)

)

)

Tax effect of the above adjustments*

Revaluation of deferred taxes and one-time tax repatriation charges associated with U.S. tax reform

Valuation allowances and other tax only items

)

)

)

)

Adjusted income tax expense

^{*Adjusts the income tax expense (benefit) during the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above.}

Reconciliation of Noncontrolling Interest to
Adjusted Noncontrolling Interests

Noncontrolling interests in income of consolidated subsidiaries, net of tax

)

)

)

)

)

Acquisition and integration-related items, net of tax

Amortization of intangible assets included in NCI, net of tax

)

)

)

)

)

Adjusted noncontrolling interests in income of consolidated subsidiaries, net of tax

)

)

)

)

)

Reconciliation of Net Income Attributable to AECOM
to Adjusted Net Income Attributable to AECOM

Net income (loss) attributable to AECOM

)

)

Noncore operating losses & transaction related expenses

Impairment of long-lived assets, including goodwill

Acquisition and integration-related items

)

)

)

)

)

Restructuring costs

Loss on disposal activities

Amortization of intangible assets

FX gain from forward currency contract

)

Financing charges in interest expense

Tax effect of the above adjustments ^*

)

)

)

)

)

Revaluation of deferred taxes and one-time tax repatriation charges associated with U.S. tax reform

)

)

Valuation allowances and other tax only items

)

Amortization of intangible assets included in NCI,
net of tax

)

)

)

)

)

Adjusted net income attributable to AECOM

^{* Adjusts the income tax expense (benefit) during the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above.}

Reconciliation of Net Income per Diluted Share
to Adjusted Net Income per Diluted Share

Net income (loss) attributable to AECOM – per diluted share

)

)

Per diluted share adjustments:

Noncore operating losses & transaction related expenses

Impairment of long-lived assets, including goodwill

Acquisition and integration-related items

)

)

)

)

)

Restructuring costs

Loss on disposal activities

Amortization of intangible assets

FX gain from forward currency contract

)

Financing charges in interest expense

Tax effect of the above adjustments ^*

)

)

)

)

)

Revaluation of deferred taxes and one-time tax repatriation charges associated with U.S. tax reform

)

)

Valuation allowances and other tax only items

)

Amortization of intangible assets included in NCI, net of tax

)

)

)

)

)

Adjusted net income attributable to AECOM – per diluted share

Weighted average shares outstanding – diluted

^{* Adjusts the income tax expense (benefit) during the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above.}

Reconciliation of EBITDA to Adjusted Income from Operations

EBITDA ⁽¹⁾

)

Noncore operating losses & transaction related expenses

Impairment of long-lived assets, including goodwill

Acquisition and integration-related items

)

)

)

)

)

Restructuring costs

Loss on disposal activities

FX gain from forward currency contract

)

Depreciation expense included in noncore operating losses, acquisition and integration expenses above

)

)

)

)

)

Adjusted EBITDA

Other income

)

)

)

)

)

FX gain from forward currency contract

Interest income ⁽²⁾

Depreciation ⁽³⁾

)

)

)

)

)

Noncontrolling interests in income of consolidated subsidiaries, net of tax

Acquisition and integration-related items included in NCI, net of tax

)

)

)

)

)

Amortization of intangible assets included in NCI, net of tax