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AECOM uses balanced capital allocation strategy to drive organic growth, improved profitability and cash flow

  AECOM uses balanced capital allocation strategy to drive organic growth,
  improved profitability and cash flow

                Company reaffirms its fiscal year 2013 targets

Business Wire

LOS ANGELES -- December 04, 2012

AECOM Technology Corporation (NYSE: ACM), a leading provider of professional
technical and management support services for public and private clients in
over 130 countries around the world, continues to successfully execute on its
strategy for profitable growth, balanced capital allocation and disciplined
financial management, John M. Dionisio, AECOM chairman and chief executive
officer, will tell analysts at the company’s annual analyst event today in New
York City. The event will also feature presentations from other members of
AECOM’s senior leadership team, including: Michael S. Burke, president; Jane
Chmielinski, chief operating officer; Fred Werner, president, EMEA; and
Stephen M. Kadenacy, executive vice president and chief financial officer.

“Since our founding 22 years ago, we have grown rapidly to become our clients’
trusted architects, engineers, construction managers, and operations and
maintenance experts,” said Dionisio. “We are the number one global design firm
in the world, and we believe there are ample opportunities to expand further
during the next decade, both in emerging and mature markets.”

The company’s long-term growth plan is focused on organic expansion and
targets a greater mix of revenue and profit from multinational corporations,
high-margin technical and construction services, and emerging markets such as
Africa, China, India, the Middle East, Eastern Europe, Latin America and
natural-resource rich economies.

“We are focused on growing the business profitably, increasing our returns on
investment and maximizing value for our shareholders,” said Burke. “Over the
next 5 years, we expect to generate at least $1 billion in free cash flow^(1),
which will support our balanced capital allocation priorities, including
organic investments, acquisitions and share repurchase.”

A live webcast of the analyst event, which begins at 6:30 p.m. Eastern, as
well as presentation materials, will be accessible by visiting the Investors
page on AECOM's website at http://investors.aecom.com. An archived version of
the webcast will also be available following today’s session.

About AECOM

AECOM is a global provider of professional technical and management support
services to a broad range of markets, including transportation, facilities,
environmental, energy, water and government. With approximately 45,000
employees around the world, AECOM is a leader in all of the key markets that
it serves. AECOM provides a blend of global reach, local knowledge, innovation
and technical excellence in delivering solutions that create, enhance and
sustain the world's built, natural, and social environments. A Fortune 500
company, AECOM serves clients in more than 130 countries and had revenue of
$8.2 billion during the 12 months ended Sept. 30, 2012. More information on
AECOM and its services can be found at www.aecom.com.

            AECOM expects to generate net cash provided by operating
            activities in excess of $1 billion over the next five years. Free
            cash flow, which is a non-GAAP measure, is defined as net cash
            provided by operating activities less payments for capital
            expenditures. The company anticipates that the cumulative net cash
   (1)  provided by operating activities over the next five years, reduced
            by payments for capital expenditures over the same period of time,
            will also be in excess of $1 billion. AECOM believes that non-GAAP
            financial measures such as free cash flow also provide a
            meaningful perspective on its business results as the company
            utilizes this information to evaluate and manage the business.


Forward-Looking Statements: All statements in this press release other than
statements of historical fact are "forward-looking statements" for purposes of
federal and state securities laws, including any projections of earnings, free
cash flow, profit margins and statements of plans for future operations and
growth, including with respect to our share repurchase program. AECOM believes
that non-GAAP financial measures such as EBITDA and free cash flow also
provide a meaningful perspective on its business results as the company
utilizes this information to evaluate and manage the business. Actual results
could differ materially from those projected or assumed in any of our
forward-looking statements. Important factors that could cause actual results
to differ materially from our forward-looking statements are set forth in our
annual report on Form 10-K for the fiscal year ended Sept. 30, 2012, and our
other reports filed with the U.S. Securities and Exchange Commission. AECOM
does not intend, and undertakes no obligation, to update any forward-looking
statement.

NR 12-1201

Contact:

AECOM Technology Corporation
Media:
Paul Gennaro, 212-973-3167
SVP & Chief Communications Officer
Paul.Gennaro@aecom.com
or
Investors:
Lynn Antipas Tyson, 646-432-8428
SVP, Investor Relations
Lynn.Tyson@aecom.com
 
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