Wsp Global Inc · TSX:WSP
Wsp Global — Q4 2022 Earnings Presentation
18 slides from Wsp Global's earnings presentation, Mar 8, 2023
Slide 1: Q4 2022 & F2022 Results
Q4 2022 & F2022 Results March 8, 2023
Slide 2: Cautionary Statement and Non-IFRS Measures
Q4 2022 & F2022 CAUTIONARY STATEMENT AND NON-IFRS MEASURES Results CAUTIONARY STATEMENT • Certain information regarding WSP contained herein are not based on historical facts and may constitute forward-looking statements or forward-looking information under Canadian securities laws (collectively, “f
Slide 3: Q4 2022 & F2022 Highlights
WS) Q4 2022 & F2022 Highlights
Slide 4: A Solid Start to Our 2022-2024 Strategic Cycle
Q4 2022 & F2022 A SOLID START TO OUR 2022-2024 STRATEGIC CYCLE Results • Robust Q4 2022 performance with strong organic growth • 2022 accomplishments : ◦ Best net revenue organic growth of the last decade 4 at 7.3% ◦ Improved margin profile ◦ Backlog up 24.8% in the year and organic growth of 7.6% •
Slide 5: A Disciplined Approach to Capital Allocation
Q4 2022 & F2022 A DISCIPLINED APPROACH TO CAPITAL ALLOCATION Results • Strengthened our platform E&I with key acquisitions in key geographies • Announced & completed six acquisitions during the course 5 of 2022* and two in 2023 • Opportunistic and disciplined M&A strategy • Continue to allocate capi
Slide 6: Major Q4 2022 Project Wins - United States
Q4 2022 & F2022 MAJOR Q4 2022 PROJECT WINS - UNITED STATES Results • First University of California medical center to be powered entirely by electricity • The University system has the ambitious goal of achieving carbon neutrality by 2025 6 • The hospital is being delivered as a progressive design b
Slide 7: Major Q4 2022 Project Wins - Australia
Q4 2022 & F2022 MAJOR Q4 2022 PROJECT WINS - AUSTRALIA Results • The Australian government cemented its commitment by declaring the first offshore wind zone in Gippsland, Victoria • WSP is now providing a range of services to major global clients to support their development in the 7 country • Our t
Slide 8: Fiscal 2022 Overview
WS) Fiscal 2022 Overview
Slide 9: Fiscal 2022 Regional Overview: Canada
Q4 2022 & F2022 Results FISCAL 2022 REGIONAL OVERVIEW: CANADA • 8.7 % organic growth in net revenues • 21.9 % adjusted EBITDA margin by segment • Organic backlog(1) contraction of 0.8% in the twelve-month period Net revenues breakdown - Fiscal 2022 Earth & Environment 42% 9 Industry 5% WSP has been
Slide 10: Fiscal 2022 Regional Overview: Americas
Q4 2022 & F2022 Results FISCAL 2022 REGIONAL OVERVIEW: AMERICAS • 5.4 % organic growth in net revenues • 19.8 % adjusted EBITDA margin by segment • Organic backlog growth of 10.6% in the twelve- month period Net revenues breakdown - Fiscal 2022 10 Earth & Environment 31% Property & Buildings 14% WSP
Slide 11: Fiscal 2022 Regional Overview: EMEIA
Q4 2022 & F2022 Results FISCAL 2022 REGIONAL OVERVIEW: EMEIA • 7.4 % organic growth in net revenues • 14.7 % adjusted EBITDA margin by segment • Organic backlog growth of 16.4% in the twelve-month period Net revenues breakdown - Fiscal 2022 Earth & Environment 11 14% Industry 2% Property & Buildings
Slide 12: Fiscal 2022 Regional Overview: APAC
Q4 2022 & F2022 Results FISCAL 2022 REGIONAL OVERVIEW: APAC • 10.0 % organic growth in net revenues • 18.2 % adjusted EBITDA margin by segment • Organic backlog contraction of 4.6% in the twelve-month period Net revenues breakdown - Fiscal 2022 12 Property & Buildings 28% Earth & Environment 19% Ind
Slide 13: Q4 2022 & F2022 Financial Performance
Q4 2022 & F2022 Financial 13 Performance
Slide 14: Revenues and Net Revenues
Q4 2022 & F2022 REVENUES AND NET REVENUES Results REVENUES NET REVENUES* +16.1% +13.8% $11,932.9 $10,279.1 $8,957.2 14 $7,869.6 +23.2% +18.9% $3,560.8 $2,891.0 $2,553.7 $2,147.4 Q4 Fiscal Year Q4 Fiscal Year Numbers are quoted in millions of dollars (except percentages). * Quantitative reconciliatio
Slide 15: Profitability
Q4 2022 & F2022 Results PROFITABILITY EARNINGS BEFORE NET FINANCING EXPENSE AND ADJUSTED EBITDA* ($) AND ADJUSTED EBITDA MARGIN* (%) INCOME TAXES +15.7% $1,530.2 $1,322.5 +3.4% 15 2021 +23.6% $749.1 2022 $724.6 +0.1% 16.8% 17.1% $446.4 $361.2 16.8% 17.5% $185.2 $185.3 Q4 Fiscal Q4 Fiscal Numbers are
Slide 16: Net Earnings
Q4 2022 & F2022 NET EARNINGS Results +16.8% NET EARNINGS ATTRIBUTABLE TO SHAREHOLDERS ADJUSTED NET EARNINGS* (in millions of $ and per share) (in millions of $ and per share) $692.6 +(8.8)% $592.9 $473.6 $431.8 2021 2022 +(5.3)% +21.9% 16 $4.07 $3.59 $5.09 $5.75 $209.3 $171.7 $126.7 $120.0 $1.08 $0.
Slide 17: Days Sales Outstanding (DSO)
Q4 2022 & F2022 DAYS SALES OUTSTANDING (DSO)* Results 75 73 73 70 17 66 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 *This presentation incorporates by reference section 22, “Glossary of segment reporting, non-IFRS and other financial measures”, of WSP’s MD&A for the year ended December 31, 2022, filed o
Slide 18: Closing Remarks
Closing Remarks