Annual Report

Over the past year, in the face of a public health emergency and unprecedented operating conditions due to a once-in-a-century pandemic, AECOM consistently delivered for our people, clients, communities and stockholders. We have put forward a new strategic approach to help carry us through the pandemic and best address the evolving challenges faced by our clients and a warming planet. We are optimistic about the future and continue to work toward a world where infrastructure creates opportunity for everyone.

Troy Rudd
Troy Rudd. CEO

RAPID RESPONSE

We quickly activated our disaster resilience teams to help federal, state and local clients expand healthcare capacity in the first months of the pandemic. We provided design, engineering, consultancy, construction management and project management services to assess and modify existing facilities, and design and build new temporary hospitals, alternate care facilities and testing locations. Our work continues at the forefront of phased pilots for early detection and real-time monitoring of COVID-19 in wastewater, including developing sampling protocols and data normalization approaches.

FINANCIAL PERFORMANCE

Despite the challenges presented by the COVID-19 pandemic, our teams made exceptional contributions to their clients and our business that resulted in strong financial performance in fiscal 2020. We exceeded our guidance on nearly every key financial metric.

14%
Adjusted
EBITDA growth
$341
Free cash flow
(millions)
13%
Increase in
project backlog
$2.15
Adjusted earnings
per share
23%
FY21 adjusted earnings
per share growth
(mid-point of guidance)

LEADING THE WAY WITH
SUSTAINABLE SOLUTIONS

As a Professional Services firm, it is important that we are a leader in ESG, acknowledging the biggest impact we can have is by providing sustainable support and advice to clients. Our approved science-based targets align with the Paris Agreement and are aimed at preventing the worst effects of climate change. At the end of the fiscal year, we achieved a 24% reduction in our Scope 1 and 2 emissions and a 5% reduction in supply chain emissions compared to FY18 — showing early achievement of our Scope 1 and 2 target and that we are on track to achieve our supply chain target on schedule. These results demonstrate a consistent effort to improve efficiency in our business, and we are constantly looking to improve our data quality and emissions performance.

SAFEGUARDING OUR PEOPLE,
THE ENVIRONMENT AND OUR CLIENTS

In fiscal year 2020, our key safety metrics improved, reflecting a world-class level of safety performance, our restructuring activities and an industry-leading level. Building on our strengths, we are proactively training our professionals, investigating and managing near-miss incidents and providing avenues for identifying safety concerns and improvements. We have further developed our pandemic preparedness and resiliency processes through cross-functional collaboration to protect the safety and well-being of our people, protect the environment and maintain business continuity. We remain dedicated to safely delivering projects, continually monitoring our safety performance to ensure that we meet clients’ expectations.

ADVANCING EQUITY,
DIVERSITY & INCLUSION

The foundation of our continuing success as a premier professional consultancy is the ability to attract and retain the industry’s best talent by offering a culture of respect and empowerment, enabling professional growth and development and delivering a world of opportunity. In 2020, global social justice movements put equity, diversity and inclusion (ED&I) at the forefront of discussions. While ED&I has always been at the heart of our values and the culture we are fostering, we took action this year to renew and reenergize our efforts to advance ED&I both at AECOM and within our industry, beginning with our pledge to build diverse talent, expand understanding enrich communities and think without limits.