Slide 1: Teri McKibbon Wayne Gingrich
Teri McKibbon President & Chief Executive Officer Wayne Gingrich Chief Financial Officer
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking information that is based on current expectations, and are subject to a number of uncertainties and risks, and actual results may differ materially. These uncertainties and risks include, but are not limited to: industry cyclicality; competition;
Slide 3: Building Canada Since 1920
Building Canada Since 1920 1920 1930 1940s 1950s 1960s 1970s 1980s 1990s 2000s 2010s H.J. Bird Bird Bird plays a Contributes Expansion Bird begins Ownership Bird plays Acquisition Acquisition establishes Construction major role to the post into foray into transition major role of Rideau of Bird, Com
Slide 4: Why Invest in Bird
Why Invest in Bird VISION: To be a premier Canadian contractor driven by passion & dedication Diversification • Strong balance sheet Profitable Growth Efficient Processes & Cost • $1.4B Backlog that is growing and Structure continues to be diversified and Safe Production balanced in risk profile Cus
Slide 5: Drivers of Improving Performance
Drivers of Improving Performance • Primary focus on improving profitability and predictability • Diversification efforts that will contribute to improved results: • LNG is a catalyst to accelerate industrial recovery – fully mobilized and well-positioned for future work • Nuclear diversification eff
Slide 6: Geographic Diversification
Geographic Diversification 6
Slide 7: Sector Diversification
Sector Diversification Institutional Commercial Industrial
Slide 8: Historical Sector Volume Mix
Historical Sector Volume Mix 100% 20.0% 90% 24% 18.0% 26% 32% 34% 80% 37% 16.0% 56% 56% 53% 70% 60% 58% 14.0% 19% 66% 60% 15% 12.0% 29% 37% 50% 10.6% 20% 10.0% 9.8% 8.2% 8.2% 8.4% 40% 11% 8.0% 11% 15% 17% 8.0% 6.9% 8% 30% 57% 5.8% 6.0% 5.4% 51% 13% 5.0% 20% 39% 43% 4.2% 4.0% 33% 37% 32% 31% 29% 30%
Slide 9: Diversification within Sectors
Diversification within Sectors Construction Equity & Financing Transportation Mining Hydroelectric
Slide 10: Diversification within Sectors
Diversification within Sectors Industrial Process Nuclear Environmental – Water/Wastewater Modularization
Slide 11: Shanghai Production Facility Shipped to North America
Shanghai Production Facility Shipped to North America Transported & Installed Complete with Furniture & Fixtures
Slide 12: Diversification of Work Program
Diversification of Work Program …2018 2019 2020 2021 2022… LNG Canada Cedar Valley Lodge Other LNG Civil Works and Administrative Buildings Bruce Power OPG CNL CRD Residuals Treatment Facility Organics & Biosolids Facilities Green Hamilton Biosolids Water/Wastewater Treatment Plants OPP Phase 2 Roya
Slide 13: Major Pursuits in 2019
Major Pursuits in 2019 Major Pursuits Status LNG Opportunities for Additional and New Work LNG Administration Contracted Packages Buildings and Civil Works MRO/ Sustaining Capital Confederation Phase 2 LRT Awarded Spending is Stable CNL Nuclear Research Prf. Centre Proponent Increased Activity Pump/
Slide 14: Backlog in millions of Canadian dollars
Backlog in millions of Canadian dollars Awarded but not yet contracted “Pending Backlog” $0.6B includes: Confederation Line Extension (CLE) Phase 2; 146% CNL Advanced Nuclear Labs 116% 116% 200 84% 58% 56% 56% 51% 0.0% 200 200 200 -200 200 750 600 600 500 300 -400 -600 1,663 1,441 1,269 1,186 1,296
Slide 15: Adjusted EBITDA in millions of Canadian dollars
Adjusted EBITDA in millions of Canadian dollars $1,800M BIRD CONSTRUCTION - TTM $1,590M $1,600M $1,445M $1,419M $1,364M $1,382M $1,342M $1,400M Higher proportion of Higher mix of P3 projects, Awarded but not $1,200M major industrial in a mature P3 market contracted composed of capex projects (higher
Slide 16: Capitalization
Capitalization in Canadian dollars BDT Share Share price at Close November 8, 2019 $6.80 52 Week High $8.20 52 Week Low $4.88 Shares Outstanding 42.52 million Market Capitalization $289.11 million 2019 Q3 Dividend Declared per Share, Annualized $0.39 Dividend Yield* 5.74% Balance Sheet at September
Slide 17: Thank You
Thank You