Wsp Global Inc · TSX:WSP
Wsp Global — Merger or Acquisition (December 2020)
20 slides from Wsp Global's merger presentation, Dec 3, 2020
Slide 1: Creating the Leading Advisor to the World's Green Transition
Creating the Leading Advisor to the World’s Green Transition December 3, 2020 00
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains information or statements that are or may be "forward-looking statements" within the meaning of applicable Canadian securities laws. When used in this presentation, the words "may", "will", "should", "expect", "plan", "anticipate", "believe", "es
Slide 3: Non-IFRS Measures & Advisories
Non-IFRS Measures & Advisories The Corporation reports its financial results in accordance with IFRS. In this presentation, the following non-IFRS measures are used by the Corporation: net revenues; adjusted EBITDA; adjusted EBITDA margin; adjusted net earnings; adjusted net earnings per share; and
Slide 4: Agenda
Agenda ALEXANDRE L’HEUREUX President & CEO ALAIN MICHAUD CFO Agenda 1 Transaction Overview and Strategic Rationale 2 Creating the Leading Global Environmental Consulting Firm 3 Closing Remarks and Q&A 33
Slide 5: Transaction Overview and Strategic Rationale
Transaction Overview and Strategic Rationale 4
Slide 6: Transaction Summary
Transaction Overview and Strategic Rationale Transaction Summary Synergies and Immediately US$1.14B Adj. EPS Improves WSP’s $310M (C$1.5B) Golder’s Enterprise Value New Strategic Investors Support Accretion (1,2) Profile WSP Global Inc. to acquire #18 Trending toward higher end Transaction supported
Slide 7: Transaction Timeline
Transaction Overview and Strategic Rationale Transaction Timeline • Subject to customary closing conditions including Golder shareholder approvals (by 75% of the votes cast by shareholders of Golder) and applicable regulatory approvals • Transaction expected to close in the first half of the second
Slide 8: Golder at a Glance – North American Player With a Global Footprint
Transaction Overview and Strategic Rationale Golder at a Glance – North American Player With a Global Footprint • Pure play environmental organization with ~7,000 people across more than 30 countries Award Winning Advisory Firm • Cutting-edge expertise in earth sciences and environmental consulting
Slide 9: Complementary Expertise and Strong Focus on Strategic Advisory Services
Transaction Overview and Strategic Rationale Complementary Expertise and Strong Focus on Strategic Advisory Services Climate Change, Energy & Air Quality, Noise, Environmental Net Revenue Sustainability Acoustics & Vibration ~25% Environmental Management, Engineering & Water & Waste Management Due D
Slide 10: Achieving 2021 Objectives
Transaction Overview and Strategic Rationale Achieving our Strategic Ambitions 2021 Strategic Objectives Pro Forma Q3 2020(2) Geographies 10% Non-OECD Countries 10% Maintains OECD revenue targets OECD Countries Non-OECD Countries 90% Achieving 2021 Objectives Sectors 35% Env., Water, Power & Energy,
Slide 11: Cultural Alignment with Complementary Visions and Values
Transaction Overview and Strategic Rationale Cultural Alignment with Complementary Visions and Values We are the sum of our collective passion, vision Our core values have fueled our success for more than and expertise half a century Integrity We are honest, reliable, ethical and trustworthy We valu
Slide 12: The Case for Sustainability and ESG Matters
Transaction Overview and Strategic Rationale The Case for Sustainability and ESG Matters “How companies identify and address issues such as diversity & inclusion, human capital, and climate change can significantly contribute to value creation or erosion. Companies have an Significant business (Nov.
Slide 13: Expanding Our Horizons at the Right Time
Transaction Overview and Strategic Rationale Expanding Our Horizons at the Right Time TIMING IS RIGHT WHY WSP + GOLDER? For the world to reprioritize climate change Leadership position in Environment, Buildings, Transportation • >$10 trillion in global COVID stimulus could be pivotal and Infrastruct
Slide 14: Creating the Leading Global Environmental Consulting Firm
Creating the Leading Global Environmental Consulting Firm 13
Slide 15: Capitalizing on a Fast Growing Market
Creating the Leading Global Environmental Consulting Firm Capitalizing on a Fast Growing Market Environmental Consulting Disciplines that Contribute to Sustainable Infrastructure Development Environmental Management Climate Change Environmental & Social Impact Earth Sciences & Compliance +50% +26% +
Slide 16: Creating the Leading Global Environmental Consulting Firm
Creating the Leading Global Environmental Consulting Firm Creating the Leading Global Environmental Consulting Firm (in US$ billions) Environment Analyst 2019/20 Environment Consulting Ranking by Gross Revenue Top 6 firms represents ~30% Represents estimated 2019 - 2021 of the global environmental $
Slide 17: Market Leading Environmental Geographic Footprint
Creating the Leading Global Environmental Consulting Firm Market Leading Environmental Geographic Footprint Pro Forma Net Revenue(1) and Market Leadership Americas / Canada EMEIA APAC WSP Golder WSP Golder WSP Golder $0.6B $0.7B $0.3B $0.1B $0.1B $0.2B $1.3B $0.4B $0.3B Market Leadership Market Lead
Slide 18: Project Life Cycle: Strategic Involvement at Every Stage
Creating the Leading Global Environmental Consulting Firm Project Life Cycle: Strategic Involvement at Every Stage Full Suite of Services Throughout WSP and Golder: Select Landmark Projects Project Lifecycle Microsoft Giant Mine ESG & Climate Change Advisory Services Drone-Supported Remediation Proj
Slide 19: Highly Complementary Customer Base
34% Public Private 66% Creating the Leading Global Environmental Consulting Firm Attractive customer mix comprised of Fortune 500 clients and governments Highly Complementary Customer Base • Diversified client base that includes many Fortune 500 customers • Balanced client base with large public sec
Slide 20: Thank you!
Thank you! rN WS|?) & £5 GOLDER