Financial Data and Key Metrics Changes - The company reported a 5% increase in Net Service Revenue (NSR) when adjusted for fewer billable days, with a record first quarter NSR and adjusted EBITDA of $287 million, exceeding expectations [5][6] - Adjusted operating margin increased by 100 basis points to 16.4%, marking a new first quarter record [5][6] - Adjusted EPS rose to $1.29, surpassing expectations [6] Business Line Data and Key Metrics Changes - In the Americas, NSR increased by 9%, with adjusted operating margin at 19.9%, up 120 basis points from the prior year [17] - International NSR was essentially flat after adjusting for fewer billable days, consistent with expectations, but backlog increased by 25% [18][10] Market Data and Key Metrics Changes - U.S. market conditions are strong, bolstered by the recent passage of federal funding bills, with over half of the IIJA funding yet to be spent [8][9] - In the U.K., significant wins include the Scottish Water project, while the Middle East saw substantial wins, including a leading design role on the Dubai Metro [9][10] - Australia reported a new multi-year high in backlog, particularly in the transportation sector [10] Company Strategy and Development Direction - The company will continue to own and operate the construction management business, recognizing its high quality and strong backlog [12] - Investments in program management, advisory services, AI, and technology are aimed at unlocking greater value for clients and achieving multi-year financial targets [5][12] - The company aims for annual revenue growth of 5%-8% and a 20% margin exit rate by fiscal 2028 [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term value creation opportunities, citing a strong backlog and expected increases in award activity in the U.S. [4][5] - The company anticipates revenue trends to improve as the year progresses, supported by strong demand for infrastructure investment [10][12] Other Important Information - The company announced an increased share repurchase authorization to $1 billion, having repurchased over $300 million in the first quarter [5][17] - The integration of acquired AI technology is progressing well, with a focus on enhancing workflows in the facilities market [11][53] Q&A Session Questions and Answers Question: Thoughts on the decision to keep the construction management business - Management highlighted the construction management business as a high-quality industry leader with great backlog and cash flow, emphasizing opportunities for collaboration with the rest of the company [21][22] Question: Evolution of demand environment in the U.S. - Management noted continued strength in the Americas market, particularly in design, with a robust pipeline up 20% year-over-year [23][24] Question: AI's impact on AECOM - Management clarified that AI investments are expected to enhance value for clients, leading to potential increases in productivity and profitability [33][35] Question: Update on integration of acquired AI technology - Integration has gone exceptionally well, with a focus on facilities market workflows and positive momentum across the organization [51][52] Question: Trends in international bookings - Management indicated strong book-to-burn ratios and a healthy pipeline, with expectations for continued growth in international markets [96][97]

Core Viewpoint - The company is preparing for the 2025 annual shareholders' meeting, focusing on maintaining shareholder rights and ensuring orderly proceedings during the meeting [1][2][3]. Group 1: Shareholder Meeting Procedures - The meeting will be held on June 25, 2025, at 14:00, combining on-site and online voting methods [2][3]. - Shareholders must register to speak and are prohibited from recording or disrupting the meeting [2][3]. - The meeting will include the announcement of attendees, reading of meeting guidelines, and deliberation of proposals [3]. Group 2: Company Performance and Strategy - In 2024, the company achieved a record new contract amount of 4.059 billion yuan, a year-on-year increase of 15.77% [5]. - The company is focusing on urban construction and development, leveraging regional resources and academic advantages to enhance service levels [4][5]. - The company aims to expand its service capabilities across the entire project lifecycle, including planning, financing, design, construction, and management consulting [16]. Group 3: Financial Performance - For the year 2024, the company reported total assets of approximately 12.16 billion yuan and total liabilities of about 7.95 billion yuan [22]. - The net profit attributable to the parent company for 2024 was approximately 143.46 million yuan, with a proposed cash dividend of 2 yuan per 10 shares [24][22]. - The company’s operating income for 2024 was approximately 4.17 billion yuan, with an operating profit of about 302.39 million yuan [22]. Group 4: Future Plans - The company plans to enhance its governance capabilities and improve communication with shareholders, focusing on quality development and risk management [16][18]. - The 2025 financial budget includes projected revenues of 1.05 billion yuan from consulting services and 400 million yuan from environmental services [25]. - The company intends to apply for a guarantee limit of up to 7 billion yuan for subsidiaries with a debt ratio exceeding 70% [25][26].