Slide 1: Q4 2021 & F2021 Results
Q4 2021 & F2021 Results March 9, 2022
Slide 2: Cautionary Statement and Non-IFRS Measures
Q4 2021 & CAUTIONARY STATEMENT AND NON-IFRS MEASURES F2021 Results CAUTIONARY STATEMENT • Certain information regarding WSP contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, strategic ambitions, objectives, expectations, opinions, fo
Slide 3: A Strong Finish to the Year
Q4 2021 & A STRONG FINISH TO THE YEAR F2021 Results • Strong Q4 2021 performance • Robust full year performance ◦ Organic revenue growth in all segments ◦ Increased backlog(1) organically by 10.1% year over year 3 ◦ Improved margin profile • Successful delivery of the 2019-2021 strategic ambitions •
Slide 4: Q4 2021 Key Events
WS) Q4 2021 Key Events
Slide 5: Leadership Position in the Transition to a Clean Economy
LEADERSHIP POSITION IN THE TRANSITION TO A CLEAN ECONOMY • Inclusion in S&P’s Sustainability Yearbook, also receiving a coveted Industry Mover award. 5 • Named by Verdantix as one of the leading providers of ESG and Sustainability consulting, solidifying our position at the forefront of our industry
Slide 6: Major Q4 2021 Project Wins - United States
Q4 2021 & MAJOR Q4 2021 PROJECT WINS - UNITED STATES F2021 Results Clean Path New York Infrastructure Program • This project will enable the delivery of more than 7.5 million megawatt-hours of emissions-free energy into New York City, 100% of which will be generated in New York State. • It will help
Slide 7: Major Q4 2021 Project Wins - Americas
Q4 2021 & MAJOR Q4 2021 PROJECT WINS - AMERICAS F2021 Results Firmina Subsea Fibre Optic Cable • Running from the East Coast of the United States to Las Toninas in Argentina, with additional landings in Praia Grande, Brazil, and Punta del Este, Uruguay, • Firmina is the longest cable in the world 7
Slide 8: Fiscal 2021 Overview
WS) Fiscal 2021 Overview
Slide 9: Fiscal 2021 Regional Overview: Canada
Q4 2021 & F2021 Results FISCAL 2021 REGIONAL OVERVIEW: CANADA • 8.1 % organic growth in net revenues • 20.9 % adjusted EBITDA margin by segment • Backlog(1) organic growth of 13.6% since December 31, 2020 Net revenues breakdown - Fiscal 2021 Earth & Environment 36% 9 Industry 1% Resources Property &
Slide 10: Fiscal 2021 Regional Overview: Americas
Q4 2021 & F2021 Results FISCAL 2021 REGIONAL OVERVIEW: AMERICAS • 2.6 % organic growth in net revenues • 19.7 % adjusted EBITDA margin by segment • Backlog organic growth of 7.6% since December 31, 2020 Net revenues breakdown - Fiscal 2021 Earth & Environment 10 26% Property & Resources Buildings 2%
Slide 11: Fiscal 2021 Regional Overview: EMEIA
Q4 2021 & F2021 Results FISCAL 2021 REGIONAL OVERVIEW: EMEIA • 2.5 % organic growth in net revenues • 14.6 % adjusted EBITDA margin by segment • Backlog organic growth of 10.8% since December 31, 2020 Net revenues breakdown - Fiscal 2021 Earth & Environment 11% 11 Property & Industry Buildings 3% 34
Slide 12: Fiscal 2021 Regional Overview: APAC
Q4 2021 & F2021 Results FISCAL 2021 REGIONAL OVERVIEW: APAC • 2.3 % organic growth in net revenues • 18.6 % adjusted EBITDA margin by segment • Backlog organic growth of 13.2% since December 31, 2020 Net revenues breakdown - Fiscal 2021 Property & Buildings 12 31% Earth & Environment 16% Resources 4
Slide 13: Q4 2021 & F2021 Financial Performance
Q4 2021 & F2021 Financial 13 Performance
Slide 14: A Solid Financial Performance Across the Board
Q4 2021 & A SOLID FINANCIAL PERFORMANCE ACROSS THE BOARD F2021 Results • Revenues and net revenues(1) for the quarter reached $2.9 billion and $2.1 billion, up 28.6% and 27.2%, respectively, compared to Q4 2020. • Revenues and net revenues for the year reached $10.3 billion and $7.9 billion, up 16.8
Slide 15: Revenues and Net Revenues
Q4 2021 & REVENUES AND NET REVENUES F2021 Results REVENUES NET REVENUES 16.8% 14.7% $10,279.1 $8,803.9 $7,869.6 $6,859.1 15 28.6% 27.2% $2,891.0 $2,248.3 $2,147.4 $1,688.3 Q4 Fiscal Year Q4 Fiscal Year Numbers are quoted in million of dollars (except percentages).
Slide 16: Profitability
Q4 2021 & F2021 Results PROFITABILITY EARNINGS BEFORE NET FINANCING EXPENSE AND ADJUSTED EBITDA* ($) AND ADJUSTED EBITDA MARGIN* (%) INCOME TAXES 25.5% $1,322.5 $1,053.7 57.7% 16 $724.6 2020 37.8% 2021 75.9% $459.4 15.4% 16.8% $361.2 $262.1 $185.2 $105.3 15.5% 16.8% Q4 Fiscal Q4 Fiscal Numbers are q
Slide 17: Net Earnings
Q4 2021 & NET EARNINGS F2021 Results NET EARNINGS ATTRIBUTABLE TO SHAREHOLDERS ADJUSTED NET EARNINGS* 50.3% (in millions of $ and per share) (in millions of $ and per share) $592.9 71.6% $473.6 $394.6 2020 17 2021 83.9% $276.0 84.6% $171.7 $3.59 $5.09 $126.7 $2.51 $4.07 $93.0 $68.9 $1.08 $1.46 $0.61
Slide 18: Backlog
Q4 2021 & BACKLOG F2021 Results $10,425.6 $10,032.6 $9,632.4 +23.8% Backlog growth from December 31, 2020 of which 10.1% is organic growth 18 $8,421.3 $8,430.9 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Numbers are quoted in millions of dollars (except percentages).
Slide 19: Days Sales Outstanding (DSO)
Q4 2021 & DAYS SALES OUTSTANDING (DSO) (1) F2021 Results 70 68 66 19 63 63 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 (1) Supplemental financial measure. DSO represents the average number of days to convert the WSP's trade receivables (net of sales taxes) and costs and anticipated profits in excess of
Slide 20: Financial Outlook & Actual Results
Q4 2021 & FINANCIAL OUTLOOK & ACTUAL RESULTS F2021 Results Latest 2021 target ranges Actual results in 2021 Net Revenues $7.5 billion and $8.0 billion $7.9 billion Adjusted EBITDA $1.30 billion to $1.32 billion $1.32 billion DSO 73 to 77 days 66 days 20 Net Capital Expenditures $150 million and $170
Slide 21: Q&A
Q&A