Slide 1: Q1 2022 Earnings Presentation
Q1 2022 Earnings Presentation May 12, 2022
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains non-IFRS and other financial measures and forward-looking statements, including a discussion of our business targets, expectations, and outlook. We caution readers not to place undue reliance on our forward-looking statements since a number of factors
Slide 3: Q1 2022 Milestones
Q1 2022 Milestones Q1 2022 Cardno Barton Willmore 2021 Sustainability U P D AT E AC Q U I S I T I O N REPORT • Integration well under way • The UK's leading planning and • 53% of gross revenue aligned • Financial performance in line with design consultancy firm with UN SDGs expectations strengthens
Slide 4: Solid Q1 2022 earnings
Solid Q1 2022 earnings EPS Adj KEY DRIVERS Net Revenue Adj EBITDA(1) | Margin Diluted(1) | Diluted $1,050M $152M | 14.5% $0.61 | $0.40 Re-shoring of strategic domestic production to ▲ 19.5% ▲ 17.9% ▲ 22.0% (Adjusted) strengthen local supply chain resilience Q1 2022 Increased earnings on the strength
Slide 5: United States
United States Gross and net revenue ($ millions) $3.3 Billion Q1 2022 BACKLOG Gross Revenue Net Revenue • 3.5% organic growth; achieved in every business operating unit • 13.2% acquisition growth • Environmental Services – the biggest contributor to revenue growth • Buildings – returned to organic g
Slide 6: Canada
Canada Gross and net revenue ($ millions) $1.2 Billion Q1 2022 BACKLOG Gross Revenue Net Revenue • 7.0% organic growth; achieved in every business operating unit • Environmental Services – double-digit growth • Infrastructure – strong housing market; public spending on roadways and transportation •
Slide 7: Global
Global Gross and net revenue ($ millions) $0.9 Billion Q1 2022 BACKLOG Gross Revenue Net Revenue • 13.4% organic growth; achieved in every business operating unit • 36.8% acquisition growth • Water – UK AMP 7 in full swing • Infrastructure – post-pandemic recovery in New Zealand and the UK • Buildin
Slide 8: Q1 2022 Financial Performance
Q1 2022 Q1 2022 CPS Energy Headquarters San Antonio, Texas, US Financial Performance Theresa Jang - Executive Vice President and Chief Financial Officer 8
Slide 9: Q1 2022 Financial Results
Q1 2022 Financial Results Gross revenue ($)(1) Net revenue ($)(1) Q1 2022 Project margin ($ and %)(1) Adjusted EBITDA ($) and Adjusted EBITDA margin (%)(1) 9 (1) Dollars in millions except percentages; adjusted EBITDA and adjusted EBITDA margin are non-IFRS measures discussed in the Definitions sect
Slide 10: Q1 2022 Financial Results (cont'd)
Q1 2022 Financial Results (cont’d) Net income ($)(1) Diluted earnings per share ($)(1) Q1 2022 Adjusted net income ($)(1) Adjusted diluted earnings per share ($)(1) 10 (1) Dollars in millions except per share amounts; adjusted net income and adjusted diluted earnings per share are non-IFRS measures
Slide 11: Other Financial Highlights
Q1 2022 Other Financial Highlights Quarterly and TTM Operating cash flow ($) (1) Capital returned to shareholders ($) (1) $703 $530 $468 $51 $397 $347 $29 $162 $56 $78 $101 $6 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Cash from Ops Cash from Ops (TTM) Dividends Share Buybacks Net debt to adjus
Slide 12: Record backlog
Record backlog Backlog ($)(1) 5,444 5,134 4,688 4,607 4,566 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 • 6.0% growth since December 31, 2021 • 6.8% organic growth; achieved in every regional and business operating unit • Represents approximately 14 months of work (1) Dollars in millions. Roxbur
Slide 13: 2022 Outlook
2022 Outlook Infrastructure Stimulus Supply Chain Resilience and Climate Change and People Spending Food Security Sustainability KEY TRENDS ENTERING 2022 US - US$1.2 trillion • Semiconductors • Water scarcity • Corporate culture UK - £257 billion • Electric vehicle battery • Extreme weather • Strong
Slide 14: Q&A
Q&A Q1 2022 Gregory County Pumped Storage Iowa, United States 14