Stantec Inc · TSX:STN
Stantec — Q1 2025 Earnings Presentation
15 slides from Stantec's earnings presentation, May 15, 2025
Slide 1: First Quarter 2025 Results Presentation
First Quarter 2025 Results Presentation May 15, 2025
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 2025 Results
Q1 2025 Results Q1 2025 Net revenue profile $1.6B $252M Net revenue Adjusted EBITDA1 Organic Growth1 Q1 2025 RESULTS increased 13.3%* increased 19.1%* Global 5.9% 24% Acquisition Growth1 3.2% US 16.2% $1.16 52% Adjusted EBITDA Adjusted EPS1 margin1 increased 70 bps* increased 28.9%* Canada 24% * Com
Slide 4: Delivering on M&A, a key growth strategy
Delivering on M&A, a key growth strategy Q1 2025 RESULTS Page Ryan Hanley • 1,400-person architecture and engineering firm • 150-person engineering and environmental • Acquisition will position Stantec to become the second consultancy largest architecture firm in the US • The acquisition is an impor
Slide 5: United States
United States $millions, unless otherwise stated 9.7% ORGANIC GROWTH Net revenue 2.4% Q1 2025 RESULTS $805 $734 ACQUISITION GROWTH 0.8% Q1 2024 Q1 2025 Q1 2025 Highlights • Public and private sector investments primarily across our healthcare, industrial, and science and technology sectors contribut
Slide 6: Canada
Canada $millions, unless otherwise stated ORGANIC GROWTH 15.0% 12.2% Net revenue Q1 2025 RESULTS ACQUISITION GROWTH $324 $372 2.8% Q1 2024 Q1 2025 Q1 2025 Highlights • Continued momentum on wastewater solution projects contributed to 30% organic growth in Water • The ramp up of major power-intensive
Slide 7: Global
Global $millions, unless otherwise stated ORGANIC GROWTH 20.3% 7.5% Q1 2025 RESULTS Net revenue ACQUISITION GROWTH $313 $376 9.4% Q1 2024 Q1 2025 Q1 2025 Highlights • Industry-leading Water business delivered 20% organic growth across the UK, New Zealand, and Australia through long-term framework ag
Slide 8: Q1 2025 Financial Performance
Q1 2025 Financial Performance Vito Culmone Executive Vice President and Chief Financial Officer BMO Convention Centre 8 Calgary, AB, Canada
Slide 9: Q1 2025 Financial results
Q1 2025 Financial results $millions, unless otherwise stated Gross and Project margin Adjusted EBITDA and Adjusted net revenue and % of NR margin as % of NR1 earnings per share1 $1,924 Q1 2025 RESULTS $1,721 $1,553 $1,370 54.3% 54.2% $844 $1.16 $743 $0.90 15.5% 16.2% $212 $252 Q1 2024 Q1 2025 Q1 202
Slide 10: Cash flow, liquidity and capital resources
Cash flow, liquidity and capital resources $millions, unless otherwise stated Operating Capital returned Days sales outstanding cash flow to shareholders Target < 80 days 80 79 Q1 2025 RESULTS 77 77 77 77 $101 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Net debt to adjusted EBITDA1 $68 $43 $22 $
Slide 11: Backlog, Major Projects & Outlook
Backlog, Major Projects & Outlook Gord Johnston President and Chief Executive Officer Great Wolf Resorts 11 Perryville, MD, USA
Slide 12: Backlog
Backlog $billions, unless otherwise stated $7.9 $7.0 12.8%* $1.4 Q1 2025 RESULTS $1.2 Organic Growth* 7.5% $4.8 $4.3 *Compared to Q1 2024 $1.5 $1.7 Global United States Q1 2024 Q1 2025 Canada GWL First Canadian Centre 12 Calgary, AB, Canada
Slide 13: Recent major project awards
Recent major project awards Q1 2025 RESULTS Stantec awarded $1.1B Stantec to lead design for Stantec selected to design major upgrade at Irving Pulp 7-kilometre Dundas Bus Rapid largest PFAS treatment system & Paper westside mill in Transit (BRT) Corridor in in Northwestern US New Brunswick Ontario
Slide 14: Reaffirm 2025 financial targets
Reaffirm 2025 financial targets 2025 Annual Range Q1 2025 RESULTS Net revenue growth 7% to 10% Adjusted EBITDA as % of net revenue1 16.7% to 17.3% Adjusted net income as % of net revenue1 above 8.8% Adjusted EPS growth1 16% to 19% Adjusted ROIC1 above 12% 1. Adjusted EBITDA, adjusted net income, adj
Slide 15: Q&A
Q1 2025 RESULTS Q&A East Valley Bus Maintenance and Operations Facility 15 Tempe, AZ, USA