2011 Annual Report
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AECOM 2011 Annual Report Excellence People GrowthGrowth GrowthInnovation InnovationExcellence PeopleGrowth InnovationPeople Growth People Innovation Excellence Innovation InnovationExcellenceGrowth PeopleExcellenceGrowthInnovationPeople Innovation PeoplePeopleGrowth People People Growth People ExcellenceInnovationPeople Growth InnovationGrowth Growth GrowthPeople Excellence Growth ExcellenceInnovation Innovation PeopleExcellenceInnovationPeopleExcellenceInnovation Growth InnovationGrowthPeopleExcellenceExcellence GrowthGrowthOurInnovation AECOMExcellence PeopleGrowth Innovation InnovationExcellence Excellence Excellence2011 AnnualInnovation ReportPeople Excellence People ExcellenceInnovationInnovationPeopleInnovation ExcellenceInnovation Growth Growth People People People Innovation Excellence Excellence People Growth GrowthGrowth People InnovationPeopleInnovation Growth ExcellencePeople PeopleExcellence ExcellenceGrowth Innovation Growth Excellence Growth People Innovation Excellence Excellence Growth Excellence Innovation People Our AECOM: Global reach, local delivery With clients on all seven continents and a local presence of more than 45,000 employees in more than 130 countries, AECOM understands how to deliver innovative solutions needed for the world’s most complex projects. From around the corner to around the globe, AECOM’s professionals work to create, enhance and sustain the world’s built, natural and social environments. As a professional technical and management support services firm for public and private sector clients around the world, we are fortu- nate that all of our people have an opportunity to make the world a better place in which to live and work. During the last several years, AECOM has evolved and thrived despite the economic uncertainty seen throughout much of the world. Growth and financial performance In fiscal years 2009 and 2010, we unified As a result, AECOM was well positioned our operations and our brand to create an for fiscal year 2011 as we successfully organization strongly positioned to integrated our previous acquisitions and continue our professional success and also added India’s Spectral Services — a growth around the globe. We remained a renowned green building engineering firm trusted partner to many of our clients with approximately 500 employees — to during a period of financial turmoil and our team. This balanced mixture of won work on some of the world’s most organic and acquisitive growth enabled important projects. us to deliver record new wins of US$9.3 billion, backlog of US$15.6 billion and an We also began to see an economic earnings increase of 14 percent, with recovery in parts of the world and we earnings per share of US$2.33 during made pivotal acquisitions in our fiscal year 2011. transportation, facilities, government services, and energy end markets. We ended the year with US$457 million in cash and our operating income rose by 24 Our results during this time reflected the percent to US$421 million. Revenue for importance of these decisions. Our fiscal year 2011 was US$8.0 billion — 23 revenue grew 25 percent from US$5.2 percent higher than fiscal year 2010. billion to US$6.5 billion, and our backlog expanded 71 percent from US$8.6 billion to US$14.7 billion. Vision 2020 update Positioning for future success We at AECOM know we must be prepared innovation as well as our sustainable Global construction market forecasts for to successfully meet the evolving needs solutions. Last year, we partnered the year 2020 are estimated at US$12 of our clients and the ever-changing with companies such as IBM to help trillion. We are well positioned to capture nature of our end markets. That’s why we create “Smarter Cities” that can these opportunities in high-growth end developed our Vision 2020 strategic anticipate problems before they markets and geographies. We are growth strategy during 2010. We are happen. Examples include deploying continuing to focus our global resources proud of our work during 2011 to advance water-maintenance crews to repair on our best and most profitable this strategy, which is built on the pillars pumps before they break; alerting opportunities across our diversified end of People, Innovation, Excellence and fire crews to broken fire hydrants at markets and geographies. It is our Growth. an emergency scene; or anticipating diversity that makes us strong and traffic congestion. positions us favorably in the world’s most − By increasing the opportunities robust and well-funded infrastructure − Excellence is about being the best available to our people, everyone markets. in everything that we do. AECOM’s involved with our company benefits. To unyielding focus on excellence has been do this, we have initiated formal efforts The past several years have allowed us to a key differentiator to our clients since to enable our employees’ growth, capture some significant opportunities in our company was first established in including a professional development high-growth markets such as construction, 1990. Our excellent work has led to program, succession planning, and a energy, mining, building design and recognitions such as Engineering News- focus on diversity and inclusion. And intelligence. As a result, we are positioned Record magazine ranking AECOM in the while there is still progress to be made, to maintain this momentum of growth with top spot of 21 industry categories, in our efforts have been recognized. We our balanced business model. Our key addition to being named the number were again named one of the Financial areas of geographic focus include the one design firm overall. AndFortune Times’ Best Workplaces and made emerging markets of Africa, Asia, India, magazine ranked us number 353 on its Newsweek’s “Greenest Big Companies” Eastern Europe and Latin America. Fortune 500 listing of America’s largest list for the fourth consecutive year. corporations. In addition, AECOM recently launched its − Our world is rapidly changing. Today, − We are at an important point in global corporate account management there are 21 cities with more than 10 AECOM’s journey. By leveraging program, which focuses on building million people, and many societies our diversified business model, our trusted-advisor relationships with some struggle to keep pace with ever- clients, employees, stakeholders and of the largest companies in the world accelerating global technology. communities, we persevered through a — companies that can greatly benefit We must meet the challenges of a challenging environment and enjoyed from our global platform of services changing industry by continuing to significant growth last year. delivered with our firm’s knowledge of demonstrate our global capacity for local requirements and challenges. Providing solutions Embodying Social Responsibility “Our AECOM” Report From rebuilding the World Trade Center During 2012 we are reaffirming our Having a global reach brings with it a site in New York City to designing the mission, culture, spirit and passion duty to local responsibility. At AECOM, world’s longest cable-stayed bridge in within AECOM. Part of this renewed we embrace good corporate citizenship. China, to helping clients plan for the emphasis is finding ways to better align Around the world, you’ll find our people upcoming Olympics in London and Rio de our business efforts with our culture and making a difference in local Janeiro, our work greatly affects the advance our organization. communities. During 2011, employees world we live in today. AECOM’s gave their time and financial resources to employees — including architects, Since the founding of AECOM in 1990, we Engineers Without Borders, Water for engineers, designers, planners, have built our company on a solid People, natural disaster relief efforts scientists and management and foundation of diversification and sound and a variety of other philanthropic construction services professionals Core Values that have guided our organizations. — continue to provide solutions for a business ever since. Our unwavering better tomorrow. commitment to these Core Values in AECOM is positioned well for 2012, 2020, everything we do establishes our and beyond. As we continue on our commitment to never compromise our journey, we will remain focused on integrity. For this reason, we were named delivering excellent service and by Ethisphere magazine as one of the innovative solutions to our clients, being World’s Most Ethical Companies for 2011. the place to grow professionally by employees, and maintaining a valuable We have grown quickly and achieved investment for our shareholders. many successes; however, we can always continue to better our performance. While we continue to foster our commitment to the highest performance standards, we understand the importance of investing in career and professional development opportunities for our employees around the world. Our capabilities Architecture Government Building Engineering Mining Construction Services Oil + Gas Design + Planning Program, Cost, Consultancy Economics Program Management Energy Transportation Environment Water UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark one) ፤ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2011 OR អ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-52423 AECOM TECHNOLOGY CORPORATION (Exact name