Safe Harbor
Except for historical information contained herein, this presentation contains “forward looking statements.” All statements other than statements of historical fact are “forward looking statements” for purposes of federal and state securities laws, including any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Forward looking statements may include the words “may,” “will,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” and other similar words.
Although we believe that the expectations reflected in any of our forward looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward looking statements. Our future financial condition and results of operations, as well as any forward looking statements, are subject to change and to inherent risks and uncertainties, such as those disclosed in this presentation. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in forward looking statements include, among others, the following:
• uncertainties related to appropriations for funding of, or issuing notices to proceed under, government contracts;
• our relationships with governmental agencies that may modify, curtail or terminate our contracts;
• delays in the completion of the budget process of the U.S. government could delay procurement of our services;
• potential adjustments to government contracts which are subject to audits to determine reimbursable contract costs;
• adverse results from losses under fixed-price contracts;
• limited control over operations run through our joint venture entities;
• misconduct by our employees or consultants or our failure to comply with laws or regulations applicable to our business;
• current deficits in our defined benefit plans could grow in the future and create additional costs;
• exposure to legal, political and economic risks in different countries as well as currency exchange rate fluctuations;
• risks related to security in international locations;
• failure to successfully execute our merger and acquisition strategy;
• the need to retain the continued services of our key technical and management personnel and to identify and hire additional qualified personnel;
• uncertainties about security clearances for our employees;
• the competitive nature of our business;
• our liability and insurance policies may not provide adequate coverage;
• unexpected adjustments and cancellations related to our backlog;
• dependence on other contractors or subcontractors who could fail to satisfy their obligations;
• systems and information technology interruption;
• changing client preferences/demands, fiscal position and payment patterns; and
• the continuing economic downturn in the U.S. and international markets and tightening of the global credit markets.
Additional factors that could cause actual results to differ materially from our forward looking statements are set forth in our Annual Report on Form 10-K for the period ended September 30, 2011, and our other filings with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward looking statement.
Non-GAAP Measures
Certain measures contained in these slides and related presentation are not measures calculated in accordance with generally accepted accounting principles (GAAP). They should not be considered a replacement for GAAP results. Non-GAAP financial measures appearing in these slides are identified in the footnotes. A reconciliation of these non-GAAP measures to the most directly comparable GAAP financial measures is available on the Investors section of our Web site at: http://investors.aecom.com.