Aecon Group Inc T.ARE

Alternate Symbol(s): AEGXF

Industrials Conglomerates

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.

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Aecon Group Inc > 2 Key Drivers

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Comment by Gabrielon Jul 25, 2024 8:52am

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Post# 36147622

RE:RE:RE:RE:2 Key Drivers

Right Alex. This is a company turning as the CEO had indicated on March 8.

Construction: The road is clear to 2025 with about 6B in collaborative progressive design-build projects kicking in, and not accounted for in the backlog. These are the small modular reactor system at Scarborough and its stations, the GO train expansion and the Contrecur terminal.

Concessions: The CAGR is above 10% with adjusted EBITDA in the 100m range for 2025. Brookfield is trading at 27x EPS.

Return to shareholders: Over 5% dividend yield and 5% in the share repurchase program.

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