Overview Key strengths Key risks Good market share in the North American water and wastewater pipeline infrastructure segment. Relatively small scale in the engineering and construction (E&C) services industry. Relatively stable revenue streams from government and municipality customers. Certain exposures to the midstream oil and gas end market. Potential for cost overruns on its fixed-price contracts. sustained end-market demand will likely support an increase in Aegion's revenue in 2022. Given the continued solid demand for the maintenance and rehabilitation of aging water infrastructure, we expect the company will continue to increase its revenue in 2022. In addition, we believe the funding provided by the bipartisan Infrastructure Investment and Jobs Act to support the maintenance of the U.S.' water infrastructure could