Stantec Inc · TSX:STN
Stantec — FY2024 Earnings Presentation
17 slides from Stantec's earnings presentation, Feb 25, 2025
Slide 1: Q4 and Year End 2024 Results Presentation
Q4 and Year End 2024 Results Presentation February 25, 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- Q4 AND YEAR END 2024 looking statements sinc
Slide 3: Record 2024 Results
Record 2024 Results 2024 Net revenue profile $5.9B $980M Q4 AND YEAR END 2024 Net revenue Adjusted EBITDA1 Organic Growth1 increased 15.8%* increased 18.0%* Global 7.4% 24% Acquisition Growth1 7.5% US 16.7% $4.42 52% Adjusted EBITDA Adjusted EPS1 margin1 increased 30 bps* increased 20.4%* Canada 24%
Slide 4: United States
United States $millions, unless otherwise stated Q4 2024 • 10.3% organic FY2024 • 8.6% organic Growth • 1.4% acquisition Growth • 3.3% acquisition 13.3% Q4 AND YEAR END 2024 Net revenue $3,041 14.1% $2,684 Net revenue $662 $755 Q4 2023 Q4 2024 2023 2024 2024 Highlights • Water delivered double-digit
Slide 5: Canada
Canada $millions, unless otherwise stated Q4 2024 • 9.1% organic FY2024 • 6.0% organic Growth • 8.5% acquisition Growth • 8.5% acquisition Q4 AND YEAR END 2024 14.5% Net revenue 17.6% $1,246 $1,427 Net revenue $307 $361 Q4 2023 Q4 2024 2023 2024 2024 Highlights • Public sector investment in western
Slide 6: Global
Global $millions, unless otherwise stated Q4 2024 • 7.3% organic FY2024 • 5.8% organic Growth • 21.8% acquisition Growth • 16.3% acquisition Q4 AND YEAR END 2024 23.2% Net revenue 32.6% Net revenue $1,399 $1,136 $273 $362 Q4 2023 Q4 2024 2023 2024 2024 Highlights • Buildings achieved 20% organic gro
Slide 7: Recent Sustainability highlights
Recent Sustainability highlights Ranked 1st among industry peers and 8th overall Corporate Knights 2025 Global 100 Most Sustainable Corporations in the World Q4 AND YEAR END 2024 Ranked 14th TIME’s 2024 listing of the World’s Most Sustainable Companies Don Lowry Retired from Stantec’s Board January
Slide 8: Q4 and FY2024 Financial Performance
Q4 and FY2024 Financial Performance Vito Culmone Executive Vice President and Chief Financial Officer Agave Amenity Space 8 Chicago, IL, USA
Slide 9: Q4 2024 Results
Q4 2024 Results Q4 2024 Net revenue profile $1.5B $247M Q4 AND YEAR END 2024 Net revenue Adjusted EBITDA1 Organic Growth1 increased 19.0%* increased 26.7%* Global 9.3% 25% Acquisition Growth1 7.6% US 16.7% $1.11 51% Adjusted EBITDA Adjusted EPS1 margin1 increased 100 bps* increased 35.4%* Canada 24%
Slide 10: 2024 Financial results
2024 Financial results $millions, unless otherwise stated Gross and Project margin Adjusted EBITDA and Adjusted diluted net revenue and % of NR margin as % of NR1 earnings per share1 54.5% Q4 AND YEAR END 2024 $7,500 54.2% $3,196 $6,480 $2,745 $5,867 $5,066 $4.42 $3.67 16.7% 16.4% $980 $831 2023 202
Slide 11: 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 (YTD) Target < 80 days 83 Q4 AND YEAR END 2024 79 80 $603 77 77 77 $520 $10 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 $94 $85 Net debt to ad
Slide 12: Backlog, Major Projects & Outlook
Backlog, Major Projects & Outlook Gord Johnston President and Chief Executive Officer Vancouver, BC, Canada 12
Slide 13: Backlog
Backlog $billions, unless otherwise stated $7.2 $7.3 $7.8 24.1%* Q4 AND YEAR END 2024 $7.0 $1.4 $6.4 $6.3 $1.4 $1.2 $1.3 Organic Growth* $1.0 $1.0 8.5% $4.7 Acquisition Growth* $4.2 $4.2 9.7% $4.3 $4.1 $4.0 * Relative to 2023 $1.6 $1.7 $1.7 $1.7 Global $1.3 $1.3 United States Q3 2023 Q4 2023 Q1 2024
Slide 14: Major project awards
Major project awards Q4 AND YEAR END 2024 Appointed to Thames Selected to design 1,000 Provide design and engineering Water’s £400 million Asset, bed student housing services for Silicon Box’s €3.2 Capital & Engineering complex for The University billion semiconductor assembly Framework for AMP8 of
Slide 15: Regional 2025 Outlook
Organic growth expected to be in the mid to high single digits in each of our geographies, driven by: Regional 2025 Outlook United States • Continuing strong momentum as reflected in record-high backlog • Macro factors of aging infrastructure, water infrastructure, data centres, and energy infrastru
Slide 16: 2025 Financial targets
2025 Financial targets 2025 Annual Range Q4 AND YEAR END 2024 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, adjuste
Slide 17: Q&A
Q4 AND YEAR END 2024 Q&A Loyola Dr. Interchange Design Build Project 17 Kenner, LA, USA