Slide 1: Q2 2026 Results Presentation
Q2 2026 August 13, 2026 Results Presentation
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- looking statements since a number of factors
Slide 3: Second Quarter 2026 Results
Second Quarter 2026 Results Q2 2026 Net Revenue Profile $1.8B 11.5% Global Net revenue increase* 25% Organic Growth1 $333M 17.1% 3.7% Adjusted EBITDA increase* US 18.7% 90 bps 52% Acquisition Growth1 Adjusted EBITDA margin increase* 7.1% $1.61 18.4% Canada Adjusted EPS increase* 23% * Compared to Q2
Slide 4: United States
United States $millions, unless otherwise stated $925 $820 12.8% 12.8% Acquisition growth Net revenue Q2 2025 Q2 2026 Q2 2026 Highlights • Page contributed double-digit growth in net revenue with significant projects and awards. • Demand for large wastewater treatment projects, continued to drive Wa
Slide 5: Canada
Canada $millions, unless otherwise stated $403 $394 2.4% Organic Growth 2.4% Net revenue Q2 2025 Q2 2026 Q2 2026 Highlights • Double-digit organic growth in Water was driven by biosolids projects and continued momentum on wastewater solution projects. • Robust organic net revenue growth was also ach
Slide 6: Global
Global $millions, unless otherwise stated $453 12.8% Organic Growth $383 18.1% 2.3% Net revenue Acquisition growth Q2 2025 Q2 2026 Q2 2026 Highlights • Industry-leading Water business delivered over 20% organic growth through long-term framework agreements and public sector investment in water infra
Slide 7: Q2 2026 Financial Performance
Q2 2026 Financial Performance Vito Culmone Executive Vice President and Chief Financial Officer 7
Slide 8: Q2 2026 Financial results
Q2 2026 Financial results $millions, unless otherwise stated Gross and Project margin Adjusted EBITDA and Adjusted net revenue and % of NR margin as % of NR1 earnings per share1 $2,228 $1,964 54.5% $1,781 $1,597 54.2% $971 $865 18.7% 17.8% $1.61 $333 $1.36 $284 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 202
Slide 9: 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 Target < 75 days 77 74 75 73 73 $235 69 $176 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Net debt to adjusted EBITDA1 $68 $116 Target Range 1.
Slide 10: Backlog, Major Projects & Outlook
Backlog, Major Projects & Outlook Gord Johnston President and Chief Executive Officer 10
Slide 11: Backlog
Backlog $billions, unless otherwise stated $9.2 $7.9 $1.9 Year-Over-Year: $1.5 7.0% Organic Growth $5.5 7.8% $4.6 Acquisition growth 17.5% $1.8 $1.8 Global United States Q2 2025 Q2 2026 Canada University of Manitoba – Stanley Pauley Engineering Building 11 Manitoba, Canada
Slide 12: Recent major project awards
Recent major project awards Stantec’s Buildings team was Stantec’s Water team was selected to Stantec’s Buildings team continues selected to provide architecture, provide preliminary design and to see momentum in social engineering, and integrated design evaluation services at the Drake Water infras
Slide 13: 2026 Financial targets
2026 Financial targets 2026 Annual Revised Range targets Net revenue growth 8.5% to 11.5% – Adjusted EBITDA as % of net revenue1 17.6% to 18.2% 17.8% to 18.3% Adjusted net income as % of net revenue1 at or above 9.5% – Adjusted EPS growth1 15% to 18% – Adjusted ROIC1 above 13% – 1. Adjusted EBITDA,
Slide 14: Thank you!
Gord Johnston President & CEO Thank you!
Slide 15: Question Period
TK WSE Question Period aie