Atkinsrealis Group Inc. · TSX:ATRL
Atkinsrealis — Q3 2026 Earnings Presentation
22 slides from Atkinsrealis's earnings presentation, Nov 5, 2026
Slide 1: Q3 Conference Call Presentation
Q3 CONFERENCE CALL PRESENTATION November 5, 2026
Slide 2: Forward-Looking Statements, Forward-Looking Financial Information and Outlook
2 Forward-Looking Statements, Forward-Looking Financial Information and Outlook References in this presentation to the “Company”, “AtkinsRéalis”, “we”, “us” and “our” mean, as the context may require, AtkinsRéalis Group Inc. and all or some of its subsidiaries or joint arrangements or associates, At
Slide 3: Third Quarter Highlights
3 Third Quarter Highlights ▪ Quarterly record high revenue of $3.1B 10.7% 8.7% ▪ Quarterly record high Adjusted EBITDA Revenue growth (YoY) Organic revenue growth1 (YoY) ▪ Strong increase in Adjusted diluted EPS ▪ Continue to execute on our disciplined capital allocation strategy, including $301M $3
Slide 4: Engineering Services Regions
4 Engineering Services Regions 3.2% 18.0% Organic revenue (vs 17.2% Q3 2025) growth1 (YoY) Segment Adjusted EBITDA margin2 Revenue3 ($M) Backlog3 ($M) +6% 0% 1,939 2,057 13,045 13,073 Q3 2025 Q3 2026 30-Sep-25 30-Sep-26 1Organic revenue growth is a non-IFRS ratio. Please refer to endnote 1 on slide
Slide 5: Canada
5 Canada Revenue ($M) +19% 19.1% 420 Organic revenue 352 growth1 (YoY) Transportation Buildings & Power & Places Renewables 17.9% (vs. 17.2% Q3 2025) Q3 2025 Q3 2026 Backlog ($M) Segment Adjusted EBITDA margin2 Industrial Defence Water -6% 7,833 7,375 Q3 Key Highlights ▪ Continued growth and positiv
Slide 6: UKI
6 UKI Revenue ($M) +5% 3.4% 714 752 Organic revenue growth1 (YoY) Transportation Defence Buildings & Places 19.4% (vs. 18.6% Q3 2025) Q3 2025 Q3 2026 Backlog ($M) Segment Adjusted EBITDA margin2 Water Power & +9% Renewables 1,904 2,074 Q3 Key Highlights ▪ Backlog and pipeline provide a solid platfor
Slide 7: USLA
7 USLA Revenue ($M) +5% 2.2% 540 565 Organic revenue growth1 (YoY) Transportation Buildings & Industrial Places 18.6% (vs. 15.8% Q3 2025) Q3 2025 Q3 2026 Backlog ($M) Segment Adjusted EBITDA margin2 Water Minerals & +6% Metals 1,786 1,894 Q3 Key Highlights ▪ Continued strength in power and transport
Slide 8: AMEA
8 AMEA Revenue ($M) (12.4)% 333 -4% 320 Organic revenue contraction1 (YoY) Transportation Buildings & Industrial Places 12.9% (vs. 16.3% Q3 2025) Q3 2025 Q3 2026 Backlog ($M) Segment Adjusted EBITDA margin2 Power & Defence +14% Renewables 1,730 1,521 Q3 Key Highlights ▪ Ongoing Middle East conflict
Slide 9: Nuclear
9 Nuclear 10.2% 11.3% 25.0% Organic revenue (vs 11.1% Q3 2025) (vs 26.2% Q3 2025) growth1 (YoY) Segment Adjusted Segment Adjusted EBIT margin2 EBITDA margin3 Revenue ($M) Backlog ($M) +10% -20% 658 5,425 596 4,345 Q3 2025 Q3 2026 30-Sep-25 30-Sep-26 1Organic revenue growth is a non-IFRS ratio. Pleas
Slide 10: Nuclear Q3 Key Highlights
10 Nuclear Q3 Key Highlights CANDU® ▪ Signed as part of a JV a 3-year $1.7B contract with Ontario Power Generation to begin Unit 5 work associated with the Pickering Nuclear Generating Hinkley Point C Station refurbishment Somerset, England ▪ Continued progress on the licensing for CANDU in the U.S.
Slide 11: CANDU Delivers Revenue Today and into the Future
11 CANDU Delivers Revenue Today and into the Future Total $0.9B $1.9B $3.2B $5.0B $4.3B Dec. 31 Dec. 31 Dec.31 Dec. 31 Sept. 30 Bright Future Nuclear Backlog 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Darlington 1 to 4 Life Extension Bruce 3 to 8 Projects Pickering 5 to 8 Phase Phas
Slide 12: Financial Performance
12 FINANCIAL PERFORMANCE
Slide 13: Q3 Selected Financial Metrics
13 Q3 Selected Financial Metrics in $M, except otherwise indicated Q3 2026 Q3 2025 Change Revenue Revenue Engineering Services Regions1 2,057.2 1,939.3 6% Nuclear 658.2 596.5 10% All other segments 394.0 272.0 45% Total Revenue 3,109.4 2,807.8 11% Profitability Segment Adjusted EBIT Engineering Serv
Slide 14: Cash Flow, Capital Resources and Liquidity
14 Cash Flow, Capital Resources and Liquidity in $M, except otherwise indicated Net Cash Flow from Capital Returned to Net Limited Recourse and Recourse Operating Activities Shareholders and M&A Debt to Adjusted EBITDA Ratio1 123 Dividends 395 2025-2027 Target: Buybacks 1.0x to 2.0x Acquisitions 47
Slide 15: 2026 Revised Outlook
15 2026 Revised Outlook1 Growth Pillars Other Metrics Low single 16.5 - 17.5% $125M - 135M $175M - 200M digit % Segment Adjusted EBITDA to segment Corporate selling, general and Acquisition of property and equipment Prior: 5-7% net revenue ratio2 administrative expenses and additions to Engineering
Slide 16: Conclusion
16 CONCLUSION
Slide 17: Conclusion
17 Conclusion ▪ Strong third quarter performance, with improved profitability, and record quarterly revenue and Adjusted EBITDA ▪ Navigating challenges in the Middle East, but taking the actions necessary to position the AMEA business for continued growth ▪ AI infrastructure is driving significant d
Slide 18: Questions & Answers
18 QUESTIONS & ANSWERS
Slide 19: 2025-2027 Financial Targets
19 2025-2027 FINANCIAL TARGETS
Slide 20: Financial Targets 2025-2027
20 Financial Targets 2025-20271 set in 2024, subsequently revised and updated 2 Revised 2025 – 2027 2025 Targets2 Actuals Engineering Services Regions Organic revenue growth3 CAGR 2025 – 2027 Between 5% and 7% 0.9% Initial: >8% Segment Adjusted EBITDA to segment net revenue ratio3 by 2027 Between 17
Slide 21: Contact Us
Contact Us Denis Jasmin CPA, F.CIRI Vice-President, Investor Relations +1 514 393 8000 ext. 57553 Send Investor Relations an email: Book a call with Investor Relations: www.atkinsrealis.com/investors
Slide 22: Endnotes
22 Endnotes (See also the cautionary statement regarding non-IFRS financial measures and ratios, supplementary financial measures, total of segments measures and non-financial information at slide 2 of this presentation.) 1. Organic revenue growth (contraction) ratio is a non-IFRS ratio comparing or