RE:RE:RE:RE:RE:RE:Just added again today!! Yes TPC is in USD.
Aecon's backlog, estimated at $12-14 billion, including $6-8 billion performed in the "collaborative progressive design to construction model" has the potential to generate at least $1.2 billion in EBITDA and likely $1.5 billion IMHO. This projection reflects Aecon's derisked and profit-focused buisness strategy reiterated by the CEO on numerous occasions, at every opportunity.
Therefore, whoever buys Aecon at $2.5 billion is getting this EBITDA projection of $1.2 to 1.5 billion in addition to the whole construction division and its future profit stream and also the concessions business with the remaining stake of the Bermuda airport but also the 2 airports in the Virgin Islands coming along in the next 18 months and the operations and Maintenance of Finch West and Eglington crosstown in the next few months.
For us, retail shareholders, we are paying $1.5 billion for the whole at today's closing price considering 300m cash assets held in joint consortiums to meet working capital needs (this is because large scale infrastructure projects are capital intensive).