Slide 1: Teri McKibbon and Wayne Gingrich
Teri McKibbon President & Chief Executive Officer Wayne Gingrich Chief Financial Officer
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking information that is based on current expectations, and are subject to a number of uncertainties and risks, and actual results may differ materially. These uncertainties and risks include, but are not limited to: industry cyclicality; competition;
Slide 3: Building Canada Since 1920
Building Canada Since 1920 1920 1930 1940s 1950s 1960s 1970s 1980s 1990s 2000s 2010s H.J. Bird Bird Bird plays a Contributes Expansion Bird begins Ownership Bird plays Acquisition Acquisition establishes Construction major role to the post into foray into transition major role of Rideau of Bird, Com
Slide 4: The Build Bird Strategy
The Build Bird Strategy Diversification VISION: Profitable Growth Efficient Processes & Cost Structure To be a Safe Production premier Canadian Customer First Approach Corporate Social Responsibility contractor Integrated Bird driven by passion & Grow Our Talent Drive Positive Engagement dedication
Slide 5: Financial Summary
Financial Summary in Canadian dollars BDT Share Share price at Close June 7, 2019 $5.74 52 Week High $8.36 52 Week Low $5.11 Shares Outstanding 42.52 million Market Capitalization $244.05 million 2019 Q1 Dividend Declared per Share, Annualized $0.39 Dividend Yield* 6.79% Balance Sheet at March 31, 2
Slide 6: Historical Sector Volume Mix
Historical Sector Volume Mix 100% 20.0% 90% 24% 18.0% 26% 37% 34% 80% 16.0% 56% 53% 70% 14.0% 19% 66% 60% 15% 12.0% 37% 20% 50% 9.8% 10.0% 40% 8.2% 8.4% 8.0% 15% 17% 30% 57% 5.8% 6.0% 5.4% 51% 13% 5.0% 20% 43% 4.2% 4.0% 37% 29% 30% 10% 21% 2.0% 0% 0.0% 2012 2013 2014 2015 2016 2017 2018 Industrial C
Slide 7: Adjusted EBITDA in millions of Canadian dollars
Adjusted EBITDA in millions of Canadian dollars BIRD CONSTRUCTION - TTM $1,800M 10.0% EBITDA drivers $1,590M $1,600M $1,445M $1,382M 9.0% 2019 & beyond: $1,419M $1,364M $1,349M8.0% $1,400M • Greater than $600M of $1,200M Higher proportion of Higher mix of P3 projects, Awarded but not 7.0% awards tha
Slide 8: Diversification of Work Program
Diversification of Work Program …2018 2019 2020 2021 2022… LNG Canada Cedar Valley Lodge Additional Scope at LNG Canada and other LNG Bruce Power OPG CNL CRD Residuals Treatment Facility Organics & Biosolids Facilities Green Hamilton Biosolids Water/Wastewater Treatment Plants OPP Phase 2 Royal Colu
Slide 9: Backlog in millions of Canadian dollars
Backlog in millions of Canadian dollars Awarded but not yet contracted “soft backlog” 400% $0.6B includes Confederation Line 350% Extension (CLE) Phase 2 200 300% 1,835 200 1,663 600 250% 1,5921,546 500 300 1,4651,509 1,4121,381 203% 200% 1,341 1,328 1,347 1,297 1,2961,283 1,269 184% 1,2481,244 1,24
Slide 10: Weighted Opportunities Pipeline
Weighted Opportunities Pipeline 10
Slide 11: Status of Major Pursuits in 2019
Status of Major Pursuits in 2019 LNG Cedar OPP Mod CNL Nuclear Confederation Valley Lodge Phase 2 Research Centre Phase 2 LRT Contracted Contracted Prf. Proponent Awarded Darlington Hurontario Comox Halifax WTP LRT WTP Compost 11
Slide 12: Shanghai Production Facility
Shanghai Production Facility Shipped to North America Transported & Installed Complete with Furniture & Fixtures
Slide 13: Drivers of Improving Performance
Drivers of Improving Performance • 2019 and 2020 primary focus on improving profitability and predictability • Diversification efforts that will contribute to improved results: • LNG is a catalyst to accelerate industrial recovery and provides a platform to secure additional work packages • Nuclear
Slide 14: Thank You
Thank You
Slide 15: Appendix
Appendix
Slide 16: Sector Diversification
Sector Diversification Institutional Commercial Industrial
Slide 17: Diversification within Sectors
Diversification within Sectors Construction Equity & Financing Transportation Mining Hydroelectric
Slide 18: Diversification within Sectors
Diversification within Sectors Industrial Process Nuclear Environmental – Water/Wastewater Modularization
Slide 19: Diversifying the Work Program
Diversifying the Work Program 19
Slide 20: Geographic Diversification
Geographic Diversification 20
Slide 21: Construction Industry Outlook
Construction Industry Outlook Institutional >$180B Infrastructure spending by Federal Government in the 11 years (2017-2028) 2019 Federal Budget has added additional $2.2B of Municipal Top-Up funding for local priorities Infrastructure Canada has ‘approved funding’ of $22.9B in specific projec
Slide 22: Construction Industry Outlook continued
Construction Industry Outlook continued MRO/ Sustaining LNG Opportunities Capital Spending Is for Additional and Stable New Work Packages Increased Activity Iron Ore, Pump/Compressor Station Gold and Lithium & Terminal Work Healthy Activity Is Stable Awarded Four Projects Well Positioned for Future