Wsp Global Inc · TSX:WSP
Wsp Global — Q1 2024 Earnings Presentation
18 slides from Wsp Global's earnings presentation, May 8, 2024
Slide 1: Q1 2024 Results
Q1 2024 Results May 8, 2024
Slide 2: Cautionary Statement and Non-IFRS Measures
CAUTIONARY STATEMENT AND NON-IFRS MEASURES CAUTIONARY STATEMENT — Certain information regarding WSP Global Inc. ("WSP" or the "Corporation") contained herein is not based on historical facts and may constitute forward-looking statements or forward-looking information under Canadian securities laws (
Slide 3: Highlights
3 Q1 2024 Highlights Q1 2024 Results
Slide 4: Highlights
Q1 2024 HIGHLIGHTS Generated solid organic growth in net revenues $3.6B (+2.7% vs Q1 2023 ) across all reportable segments Revenues Net revenue organic growth of 4.6% in the quarter, attributable to all reportable segments. Net revenue organic growth would be ~6.5% if $2.8B (+4.7% vs Q1 2023 ) norma
Slide 5: Project Wins – United Kingdom
PROJECT WINS – UNITED KINGDOM — One of the largest programs ever won by WSP in the UK in terms of scale, revenue, length, and complexity. — The Great Grid Upgrade is a major program to deliver electricity 5 transmission infrastructure across the United Kingdom and enable 50 gigawatts of network capa
Slide 6: Project Wins – United States
PROJECT WINS – UNITED STATES — WSP signed a new 100-million USD program management contract to support LA County Metro on the 15- mile light rail extension to southeast Los Angeles County. 6 — The Gateway Line connects underserved communities from ten cities to downtown Los Angeles. Q1 2024 Results
Slide 7: Project Win – Australia
PROJECT WIN – AUSTRALIA — WSP is supporting the Queensland Train Manufacturing Program which aims to deliver 65 new six-car passenger trains in time for the Brisbane 2032 Olympic and Paralympic Games. 7 — This initiative is a pivotal support system for the region’s growing population and economy. Th
Slide 8: Segment Overview
8 Q1 2024 Segment Overview Q1 2024 Results
Slide 9: Regional Overview: Canada
Q1 2024 REGIONAL OVERVIEW: CANADA 6.9% 18.5% (1.1)% organic growth in adjusted EBITDA organic backlog net revenues margin by contraction in the segment twelve-month period 9 Net Revenues Breakdown – Q1 2024 Power & Energy Transport & 4% Infrastructure Q1 2024 Results 30% The Edmonton Metro Line NW E
Slide 10: Regional Overview: Americas
Q1 2024 REGIONAL OVERVIEW: AMERICAS* 5.7% 18.4% 10.3% organic growth in adjusted EBITDA organic backlog net revenues margin by growth in the segment twelve-month period 10 Net Revenues Breakdown – Q1 2024 Power & Energy Property & 4% Buildings Though the hospital will not officially open Q1 2024 Res
Slide 11: Regional Overview: EMEIA
Q1 2024 REGIONAL OVERVIEW: EMEIA* 3.9% 15.8% 8.2% organic growth in adjusted EBITDA organic backlog net revenues margin by growth in the segment twelve-month period 11 Net Revenues Breakdown – Q1 2024 Power & Energy 7% Transport & Infrastructure Q1 2024 Results 41% In the UK, WSP and Binnies, whole
Slide 12: Regional Overview: APAC
Q1 2024 REGIONAL OVERVIEW: APAC* 0.4% 15.1% (9.4)% organic growth in adjusted EBITDA organic backlog net revenues margin by contraction in the segment twelve-month period 12 Net Revenues Breakdown – Q1 2024 Power & Energy 3% Q1 2024 Results Property & Buildings WSP has been engaged to provide detail
Slide 13: Financial Performance
13 Q1 2024 Financial Performance Q1 2024 Results
Slide 14: Revenues and Net Revenues
REVENUES AND NET REVENUES +2.7% +4.7% $3 585.1 $3 489.5 14 $2 793.3 $2 667.1 Q1 2024 Results Revenues Net Revenues Numbers are quoted in millions of Q1 2023 Q1 2024 dollars (except percentages)
Slide 15: Profitability
PROFITABILITY +22.2% +7.9% $446.1 $413.3 15 $244.3 +50 bps 16.0% $199.9 Q1 2024 Results 15.5% Earnings before net financing expense and income Adjusted EBITDA ($) and adjusted EBITDA margin taxes (%) Numbers are quoted in millions of dollars (except percentages). Q1 2023 Q1 2024
Slide 16: Net Earnings
NET EARNINGS +12.7% +13.3% $193.8 $ 171.1 16 $126.8 $112.5 Q1 2024 Results $1.55 $1.37 per $1.02 per share $0.90 per share per share share (1) Net earnings attributable to shareholders Adjusted net earnings (1) Q1 2023 Q1 2024 Numbers are quoted in millions of dollars (except percentages and per-sha
Slide 17: Days Sales Outstanding (DSO)
DAYS SALES OUTSTANDING (DSO)(1) 85 83 81 79 17 77 77 17 76 76 75 75 74 Q1 2024 Results 73 71 (1) DSO is a supplementary financial measure without a standardized definition within IFRS, which may not be comparable to similar measures 69 presented by other issuers. DSO represents the average number of
Slide 18: Results
Q1 2024 Results May 8, 2024