Slide 1: Q2 2023 Earnings Presentation
Q2 2023 Earnings Presentation August 10, 2023 Bird Construction Inc. (TSX:BDT) BIRD CONSTRUCTION INC. INVESTOR PRESENTATION 1
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements and information (“forward-looking statements”) within the meaning of applicable Canadian securities laws. The forward-looking statements contained in this presentation are based on the expectations, estimates and projections of managem
Slide 3: Disclaimer: Terminology and Non-GAAP & Other Financial Measures
Disclaimer TERMINOLOGY AND NON-GAAP & OTHER FINANCIAL MEASURES Throughout this presentation, management uses certain terminology and financial measures that do not have standard meanings under IFRS and are considered specified financial measures. These include non-GAAP financial measures, non-GAAP f
Slide 4: Disclaimer: Terminology and Non-GAAP Measures (continued)
Disclaimer TERMINOLOGY AND NON-GAAP & OTHER FINANCIAL MEASURES (continued) • “Current Ratio” is a supplementary financial measure representing the percentage derived by dividing total current assets by total current liabilities. • “General and Administrative expenses as a percentage of revenue” is a
Slide 5: Positioned For Growth on Strong Business Foundation
Positioned For Growth on Strong Business Foundation Bird Construction | TSX: BDT Bird is a leading Canadian construction service and maintenance A healthy and safe Team of 5000+ company, providing integrated solutions and delivering best-in- work environment is experienced class execution through a
Slide 6: Sustained Momentum, Revenue Growth, Record Combined Backlog
Sustained Momentum, Revenue Growth, Record Combined Backlog Confidence in 2023 margin improvements Significant y/y revenue growth Q2 2023 Highlights and positive outlook for improved earnings $686.4M 19.0% $13.7M $0.26 Q2 2023 Revenue Year-over-year Net Income EPS growth Growing combined Backlog and
Slide 7: What Sets Us Apart
What Sets Us Apart Track Record for Q2 2023 Revenue Q2 2023 TTM Adj. +19% YTD Growth in Q2 2023 Working Strong Integration + Growing Energy +19.0% Y/Y EBITDA 4.2% Combined Backlog Capital +10% Y/Y and Retention Transition Portfolio Disciplined and Positive Significant Strong balance Track record of
Slide 8: Highly Collaborative, Diverse Backlog Mix
Highly Collaborative, Diverse Backlog Mix Strong visibility to continued revenue and margin growth Backlog expected to Collaborative Growing Portfolio of Recurring Revenue delivery models in 67% convert into >70% Backlog and Pending Contracts in Pending Backlog Revenue over the next 12 months Backlo
Slide 9: Expanded Capabilities Aligned to High Growth Sectors
Expanded Capabilities Aligned to High Growth Sectors Executing Well on Strategic Pillars Positioned for growth with a significant pipeline of projects and a robust bidding environment for TEAM disciplined pursuit of new work. • World class safety program • Highly engaged, high-performance team with
Slide 10: Energy Transition Partner Delivering critical energy solutions
Energy Transition Partner Delivering critical energy solutions The evolving energy landscape demands significant investment in electrical infrastructure to achieve decarbonization goals. Bird has been a key long-term partner for many clients constructing and maintaining the energy systems that power
Slide 11: Q2 2023 Financial Highlights
Q2 2023 Financial Highlights Three Months Ended Six Months Ended Y/Y Change Y/Y Change June 30, 2023 June 30, 2023 $ Millions (except per share amounts) Revenue $686.4 19.0% $1,222.9 16.8% Gross Profit $54.5 25.5% $94.4 11.0% 7.9% of Revenue (1) 7.7% of Revenue (1) General and Administrative $36.2 1
Slide 12: Sustained, Strong Financial Position
Sustained, Strong Financial Position Q2 2023 in millions of Canadian dollars June 30, 2023 23.4% 1.22 0.08x Accessible cash $ 55 Long-term Loans & Current Adjusted Net Debt/ Borrowings to Equity(1) Ratio(1) TTM Adjusted EBITDA(1) Restricted cash $ 31 Held in joint operations accounts $ 22 Syndicated
Slide 13: Capital Allocation Highlights
Capital Allocation Highlights Balancing profitable growth, significant financial strength, investments in the business and M&A Cash Generation Dividends M&A Operating Cashflow(1) – 10% dividend increase – Positioned to execute on the right $140 on positive outlook in M&A opportunities $120 December
Slide 14: Growth and Margin Trends Support 2023 Outlook
Growth and Margin Trends Support 2023 Outlook – High demand for Bird’s services and disciplined project selection driving growth: significant government funding for infrastructure and institutional projects; active commodities market with a significant pipeline of major projects; solid opportunities
Slide 15: Appendix
We bring life to vision Creating great things with you Appendix
Slide 16: Revenue, Net Income, and Adjusted Earnings
Revenue, Net Income, and Adjusted Earnings REVENUE NET INCOME ADJUSTED EARNINGS(1) $0.96 $2,500 $60 $1.00 $60 $1.00 $0.93 $0.92 $0.86 $0.80 $0.90 $0.90 $50 $0.80 $50 $2,000 $0.80 $0.80 $0.70 $0.70 $40 $40 $1,500 $0.60 $0.60 +16% $30 $0.50 $30 $0.50 $2,378 $2,220 $0.38 $0.39 $1,000 $50 $0.35 $0.40 $5
Slide 17: Q4 & Full Year 2022 Results Presentation
Q4 & Full Year 2022 Results Presentation March 8th, 2023 Bird Construction Inc. (TSX:BDT) Q2 2023 Results Presentation Bird Construction Inc. (TSX:BDT) 17