Wsp Global Inc · TSX:WSP
Wsp Global — Shareholder Meeting (2014)
42 slides from Wsp Global's shareholder meeting presentation, 2014
Slide 1: Welcome - 2014 Annual Meeting of Shareholders
WELCOME 2014 ANNUAL MEETING OF SHAREHOLDERS
Slide 2: Christopher Cole, Chairman of the Board
CHRISTOPHER COLE CHAIRMAN OF THE BOARD
Slide 3: Richard Bélanger, Lead Independent Director
RICHARD BÉLANGER LEAD INDEPENDENT DIRECTOR
Slide 4: Today's Agenda
4 TODAY’S AGENDA ► Financial statements ► Election of directors ► Appointment of auditors ► Advisory resolution on executive compensation ► Varia
Slide 5: Meeting Procedures
gsWSP MEETING PROCEDURES
Slide 6: 2013 Financial Statements
gsWSP 2013 FINANCIAL STATEMENTS
Slide 7: Items Requiring a Vote
gsWSP ITEMS REQUIRING A VOTE
Slide 8: Election of Directors
gsWSP ELECTION OF DIRECTORS
Slide 9: Election of Directors
9 ELECTION OF DIRECTORS CHRIS COLE RICHARD BÉLANGER BIRGIT NØRGAARD GRANT MCCULLAGH JOSÉE PERREAULT PIERRE SECCARECCIA PIERRE SIMARD PIERRE SHOIRY
Slide 10: Appointment of Auditors
gsWSP APPOINTMENT OF AUDITORS
Slide 11: Appointment of Auditors
11 APPOINTMENT OF AUDITORS PricewaterhouseCoopersLLP/s.r.l./s.e.n.c.r.l., Chartered Accountants
Slide 12: Advisory Resolution on Executive Compensation
ADVISORY RESOLUTION ON EXECUTIVE COMPENSATION
Slide 13: Advisory Resolution on Executive Compensation
13 ADVISORY RESOLUTION ON EXECUTIVE COMPENSATION “Resolved, on an advisory basis and not to diminish the role and responsibilities of the Board of Directors, that the Shareholders accept the approach to executive compensation disclosed in the Corporation’s Circular delivered in advance of the 2014 a
Slide 14: Adjournment of Formal Part of the Meeting
ADJOURNMENT OF FORMAL PART OF THE MEETING
Slide 15: Corporate Presentation
gsWSP CORPORATE PRESENTATION
Slide 16: Pierre Shoiry, President and CEO
PIERRE SHOIRY PRESIDENT AND CEO
Slide 17: Our Growth Strategy
17 OUR GROWTH STRATEGY ► Our people ► Our clients ► Our operational excellence ► Our expertise
Slide 18: Our Brand
18 OUR BRAND
Slide 19: Our People
19 OUR PEOPLE ► OBJECTIVES – Foster a performance- driven, passionate and customer-oriented culture – Strive to be the preferred employer for existing, and future staff ► STATUS – Mission, Vision and Values – Human resources expertise
Slide 20: Our Mission and Vision
20 OUR MISSION AND VISION ► OUR MISSION “Be a solution-driven advisor with outstanding expertise” ► OUR VISION “Always be the first choice for clients, partners and employees”
Slide 21: Our Values
OUR VALUES INNOVATIVE UNITED CARING TRUSTWORTHY PASSIONATE j»wsP 21
Slide 22: Our Clients
22 OUR CLIENTS ► OBJECTIVES – To prioritize client relationship development both locally and globally – To be the first choice for all customers, large and small ► STATUS – Global connectivity – Expand global reach
Slide 23: Serving Our Clients Across the Globe
23 SERVING OUR CLIENTS ACROSS THE GLOBE
Slide 24: Our Operational Excellence
24 OUR OPERATIONAL EXCELLENCE ► OBJECTIVE – Optimize project delivery efficiency and operational costs – Deliver projects and services of the highest quality, on time and on budget ► STATUS – Training for professionals – Low cost design centers – Centers of excellence
Slide 25: Training Our Employees
25 TRAINING OUR EMPLOYEES
Slide 26: Centers of Excellence
26 CENTERS OF EXCELLENCE Scandinavia UK • Industrial • Buildings • Rail • Environment • Bridges • Rail Canada • Aviation • Energy US • Environment • Roads and Asia-Pacific • Mining bridges • Buildings • Oil and gas • Buildings
Slide 27: Our Expertise
27 OUR EXPERTISE ► OBJECTIVE – Build a global services firm ► STATUS – Strategic acquisitions – Solid leadership team
Slide 28: Recent Acquisitions
28 RECENT ACQUISITIONS 100 employees Infrastructure and Buildings 1,800 employees Oil and Gas/Geomatics
Slide 29: A Strong Management Team
A STRONG MANAGEMENT TEAM sleval = S00 C10 Be IRV Communications = “zi Treasury Ethies/Risks j»wsP
Slide 30: Alexandre L'Heureux, Chief Financial Officer
ALEXANDRE L’HEUREUX CHIEF FINANCIAL OFFICER
Slide 31: 2013 Final Scorecard
31 2013 FINAL SCORECARD Results Not met Met Exceeded Net revenues $1,677 million EBITDA Margin* 10.8% Tax rate 25.3% Q1: 22% Seasonality and EBIDTA Q2: 24% fluctuations Q3: 28% Q4: 26% Free cash flow as percentage 129.8% of net earnings DSO 91 days Amortization of intangible 1.3% asset
Slide 32: Revenues and Net Revenues
32 REVENUES AND NET REVENUES Revenues Net Revenues 2,016.0 1,677.2 1,257.5 1,020.1 +64.4% +60.3% 2012 2013 In millions $
Slide 33: EBITDA and EBITDA Margin
33 EBITDA AND EBITDA MARGIN 180.6 10.8% margin 108.6 10.6% margin 2012 2013 In millions $
Slide 34: 2014 Started on a Strong Note
34 2014 STARTED ON A STRONG NOTE ► EPS, EBITDA per share and funds from operations are higher than a year ago ► Our balance sheet continued to strengthen with improved DSO ► Our EBITDA margin compared well to Q1 2013
Slide 35: Revenues and Net Revenues
35 REVENUES AND NET REVENUES Revenues Net Revenues 511.1 478.7 +6.8% 440.6 +8.3% 406.8 Q1 2013 Q1 2014 In millions $
Slide 36: EBITDA and EBITDA Margin
36 EBIDTA AND EBIDTA MARGIN 42.1 9.6% margin 37.1 9.1% margin Q1 2013 Q1 2014 In millions $
Slide 37: Net Earnings Attributable to Shareholders and Per Share Data
37 NET EARNINGS ATTRIBUTABLE TO SHAREHOLDERS AND PER SHARE DATA Net Earnings Net Earnings per share (attributable to shareholders) (attributable to shareholders) 17.3 14.5 +19.3% 0.33 0.28 +17.9% Q1 2013 Q1 2014 In millions $ *Including the impact of foreign exchange
Slide 38: A Record Backlog
38 A RECORD BACKLOG 1,723.1 1,552.7 1,535.1 1,496.8 1,427.3 10.1 months of revenues Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 In millions $
Slide 39: On Target to Meet 2015 DSO Objective
39 ON TARGET TO MEET 2015 DSO OBJECTIVE 3 days decrease over 12 months 97 95 93 94 91 90 85 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 2015 Objective
Slide 40: Expectations for the Future
40 EXPECTATIONS FOR THE FUTURE ► We are confident in 2015 financial objective ► We remain true to our financial and investment philosophy ► We want to reward investors with stock appreciation and yield
Slide 41: Questions and Answers
gsWSP QUESTIONS AND ANSWERS
Slide 42: Thank You
THANK YOU