Slide 1: TD Virtual Engineering & Construction Conference
BIRD CONSTRUCTION INC. TSX: BDT TD VIRTUAL ENGINEERING & CONSTRUCTION CONFERENCE March 31, 2021
Slide 2: Disclaimer
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
Slide 3: Disclaimer: Non-GAAP Measures and Terminology
DISCLAIMER DISCLAIMER NON-GAAP MEASURES AND TERMINOLOGY Throughout this presentation, management uses the following terms which have no standardized meaning prescribed by GAAP and are considered non-GAAP measures. Therefore, these terms may not be comparable with similar terms presented by other com
Slide 4: COVID-19 Update
COVID-19 UPDATE • Pandemic response plan and a rigorous COVID-19 health and safety program in place. EMPLOYEE • Best practices in place for managers and site teams: self-assessment tools, enhanced cleaning protocols and HEALTH AND hygiene measures, physical distancing practices, new COVID-19 measure
Slide 5: Over 100 Years Building Canada
OVER 100 YEARS BUILDING CANADA
Slide 6: Diverse Expertise
DIVERSE BUILDINGS LIGHT INDUSTRIAL NATURAL RESOURCES EXPERTISE Delivering solutions from coast-to-coast, serving a broad scope of end-markets. MODULAR POWER TRANSPORTATION Comprehensive range of construction services from new construction for industrial, commercial, and institutional markets; to ind
Slide 7: Full-Suite Service Offering
FULL-SUITE SERVICE OFFERING DIVERSIFIED REVENUE STREAMS CONSTRUCTION MAINTENANCE, DESIGN-BUILD SELF-PERFORM PUBLIC PRIVATE MANAGEMENT REPAIR & OPERATIONS PARTNERSHIPS (PPP) (MRO) FIXED PRICE / INTEGRATED PROJECT STIPULATED SUM DELIVERY (IPD) COST PLUS INDUSTRIAL SERVICE AGREEMENTS RISK SCALE Reflect
Slide 8: Transformational Acquisition
TRANSFORMATIONAL ACQUISITION $95.7M $1B +$600M +$900M TOTAL BACKLOG PENDING REVENUE 110+ YRS IN CANADA CONSIDERATION BACKLOG 3,000 EMPLOYEES INDUSTRY SAFETY GREATER TOP EMPLOYER COMMUNITY ENHANCED SERVICE LEADER DIVERSIFICATION IN ALBERTA FOCUSED OFFERINGS 8
Slide 9: Leveraging Innovation & Technology
LEVERAGING INNOVATION & TECHNOLOGY BUILDING INFORMATION MAINTENANCE, REPAIR, LEVERAGING SMART BUILDING MODELLING AND VIRTUAL AND OPERATION INNOVATIVE PERFORMANCE DESIGN & CONSTRUCTION MANAGEMENT SOLUTIONS TECHNOLOGY Utilizing integrated multi- Multi-year maintenance and Leveraging a variety of tools
Slide 10: Stack Modular
STACK MODULAR Turnkey solution bridging the gap between site and modular construction. Structural steel modular buildings up to 40-storeys for multi-family, hospitality, senior (long-term care) and student housing, and resource clients. 1ST - PLACE RAPID DELIVERY ACROSS CANADA & THE USA OPPORTUNITIE
Slide 11: Mass Timber
MASS TIMBER Bird is a North American leader in wood construction with unmatched expertise, experience, and supply chain knowledge. >$1.27B COMPLETED OR UNDER CONSTRUCTION >$234M PRECONSTRUCTION >$1.02B OPPORTUNITIES ACROSS CANADA 11
Slide 12: Bringing Value to Communities
BRINGING VALUE TO COMMUNITIES ENVIRONMENTAL SOCIAL CORPORATE STEWARDSHIP RESPONSIBILITY GOVERNANCE LEED certified projects and Support for health care foundations, A strong culture of ethical conduct professionals food and clothing banks, community Recognition of the benefits of First Zero
Slide 13: New Contract Awards
NEW CONTRACT AWARDS CONCRETE FOUNDATIONS AND PAVING AT LNG FACILITY ERIC HAMBER SCHOOL $92M YORK UNIVERSITY NANAIMO CORRECTIONAL $154M MARKDALE HOSPITAL1 CORRECTIONAL EXPANSIONS1 185 ENFIELD PLACE $107M MRO CONTRACT $550M+ 13 (1) Awards subsequent to year-end
Slide 14: Strong Backlog & Pending Backlog
STRONG BACKLOG & PENDING BACKLOG1 in millions of Canadian dollars 59% of Backlog expected to 5,000 convert into Revenue over the 4,500 next 12 months 4,000 DECEMBER 31, 2020 3,500 1,636 1,300 • Year-end Backlog was approx. $2.7B 3,000 • Year-end Pending Backlog was $1.6B 2,500 • Backlog increase of
Slide 15: Increasing Adjusted EBITDA Margin
INCREASING ADJUSTED EBITDA MARGIN in millions of Canadian dollars TRAILING TWELVE MONTH (TTM) ADJUSTED EBITDA 2020 Q4 1,565 1,504 7% 1600 1,419 1,382 1,376 6% 4.2% 1400 5.5% TTM ADJUSTED 1200 5% EBITDA Q4 2020 1000 3.6% 4% 800 3% 9 2.1% 2.3% SEQUENTIAL QUARTERS 600 1.8% OF IMPROVING TTM 2% ADJUSTED
Slide 16: Balanced Capital Allocation Priorities
BALANCED CAPITAL ALLOCATION PRIORITIES in millions of Canadian dollars $16.0 $14.0 $12.0 $10.0 CAPEX (2) $8.0 $6.0 $14.6 $14.4 $14.2 OPERATING $4.0 $2.0 $7.2 CASHFLOW (1) $- 2017A 2018A 2019A 2020A $80.0 $18.0 $70.0 $60.0 $17.5 $50.0 DIVIDENDS $17.0 $40.0 $17.9 $71.7 $16.5 $17.6 $30.0 $20.0 $16.0 $1
Slide 17: Why Invest in Bird
WHY INVEST IN BIRD Maintaining A Strong Balance A Leading Canadian Delivering Long-term Diversified Sheet With Significant Construction Company Shareholder Value National Presence Financial Flexibility Diversifying Book Key Focus On Overall Of Business And Pro Forma Margin Increasing Recurring Reven
Slide 18: Questions
QUESTIONS Teri McKibbon President & Chief Executive Officer Wayne Gingrich Chief Financial Officer