Atkinsrealis Group Inc. · TSX:ATRL
Atkinsrealis — SNC-Lavalin Group — Q2 2015 Earnings Presentation
14 slides from Atkinsrealis's earnings presentation, Aug 6, 2015
Slide 1: Second Quarter 2015 Conference Call Presentation
› SECOND QUARTER 2015 › Conference Call Presentation › August 6th, 2015
Slide 2: Agenda
Agenda Forward-looking Statements • Denis Jasmin, Vice-President, Investor Relations CEO Remarks • Robert G. Card, President and Chief Executive Officer Financial Review • Alain-Pierre Raynaud, Executive Vice-President and Chief Financial Officer Q&A with CEO, CFO and Neil Bruce, Chief Operating Off
Slide 3: Forward-looking statements
Forward-looking statements Reference in this presentation, and hereafter, to the “Company” or to “SNC-Lavalin” means, as the context may require, SNC-Lavalin Group Inc. and all or some of its subsidiaries or joint arrangements, or SNC-Lavalin Group Inc. or one or more of its subsidiaries or joint ar
Slide 4: CEO Remarks
CEO REMARKS ROBERT G. CARD PRESIDENT AND CHIEF EXECUTIVE OFFICER
Slide 5: Financial Review
FINANCIAL REVIEW ALAIN-PIERRE RAYNAUD EXECUTIVE VICE-PRESIDENT AND CHIEF FINANCIAL OFFICER
Slide 6: Consolidated income statement
Consolidated income statement (in millions CAD$) Second Quarter June YTD 2015 2014 2015 2014 Revenues Services 941.3 558.7 1,810.9 1,062.2 Packages 1,030.8 625.0 2,008.8 1,235.2 Operations and Maintenance (O&M) 219.8 284.0 577.2 659.2 Infrastructure Concession Investments (ICI) 58.5 228.8 110.6 460.
Slide 7: Net income adjusted
Net income adjusted (in millions CAD$ except per share amount) Six Months Ended June 30, 2015 Charges related to the Acquisition of Kentz Net income, restructuring One-time net foreign Net income, as reported and right-sizing plan Acquisition-related exchange gain adjusted Amortization of announceme
Slide 8: SG&A trend by quarter
E&C SG&A trend by quarter ICI (in millions CAD$) YTD 2015: $430M YTD 2014: $395M 242 225 223 204 207 208 187 176 211 202 186 199 191 218 162 177 18 23 31 14 10 8 17 5 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 2013 2014 2013 2014 2014 2015 2014 2015 SG&A / Revenue % 9.0% 10.2% 10.6% 8.6% 10.9% 9.2% 12.3% 9.9% 8
Slide 9: Segment EBIT
Segment EBIT (in millions CAD$) Six months ended June 30th 2014 Mainly due to AltaLink -190 sale in 2014 Six months ended June 30th 2015 285 Mainly due to Kentz acquisition, which was completed on Aug. 22, 2014 Mainly reflecting lower Mainly due to: SG&A Mass transit : Challenging soil conditions re
Slide 10: Revenue backlog – bookings of $2.9B in Q2
Revenue backlog – bookings of $2.9B in Q2 O&M (in billions CAD$) Packages 12.4 12.3 Services 1.9 1.9 1.9 1.9 8.2 6.4 5.7 1.8 5.7 2.0 52 5.2 4.8 4.7 4.8 4.1 4.5 4.7 1.5 1.6 June 2015 December 2014 June 2014 The Eglinton Crosstown Light Rail Transit project reached financial close in July 2015, theref
Slide 11: Financial position
Financial position (in millions CAD$) June 30 December 31 2015 2014 Assets Cash and cash equivalents 934 1,702 Other current assets 3,469 3,266 Property and equipment 249 246 ICI accounted for by the equity or cost methods 857 803 Goodwill 2,946 2,798 Intangible assets related to Kentz acquisition 2
Slide 12: Cash flows – 2015
Cash flows – 2015 (in millions CAD$) 2,000 217 -725 1,500 -41 1,000 -343 -163 235 52 1 702 1,702 500 934 0 Cash as at EBITDA Net change Acquisition of Interest and Net increase in Dividends paid Other Cash as at December From E&C in non-cash property and income recourse debt (-76.0M) & June 30, 2015
Slide 13: 2015 outlook
2015 outlook The Company is maintaining its previously announced 2015 outlook for the adjusted EPS from E&C, which is expected to be in the range of $1.30 to $1.60 1. The Company is also maintaining its 2015 outlook for the reported IFRS EPS, which is expected to be in the range of $1.80 to $2.10. 1
Slide 14: Q&A
Q&A