AECOM Wins Design Role in Sydney Water Infrastructure Plan

Core Insights - AECOM has secured a long-term partnership with Sydney Water to support a major capital investment program over the next 10 years, focusing on climate resilience and infrastructure renewal [1][2][3] Group 1: Partnership and Project Scope - The partnership with Sydney Water is aimed at addressing population growth, aging infrastructure, and environmental pressures while supporting economic growth [2][5] - AECOM will act as a Design Development Partner, assisting in planning and design across various water projects, including pipelines and treatment plants [4][6] Group 2: Backlog and Market Position - AECOM has reported a total backlog of $23.88 billion at the end of the first quarter of fiscal 2025, reflecting a growth from$23.32 billion in the prior year, with a 55.2% contracted backlog growth [8] - The company has achieved a 100% win rate in its largest strategic pursuits, indicating strong competitive advantages in securing large, complex projects [8] Group 3: Financial Performance - AECOM's net service revenues (NSR) grew by 5.5% on an adjusted basis in the first quarter of fiscal 2025, despite a year-to-date share price decline of 18.6% [11] - The company is expected to benefit from infrastructure investment driven by new U.S. administration policies, supporting growth in fiscal 2025 and beyond [11]