Wsp Global Inc · TSX:WSP
Wsp Global — Q2 2021 Earnings Presentation
22 slides from Wsp Global's earnings presentation, Aug 10, 2021
Slide 1: Q2 2021 Results
Q2 2021 Results August 10, 2021
Slide 2: Cautionary Statement and Non-IFRS Measures
Q2 2021 Results CAUTIONARY STATEMENT AND NON-IFRS MEASURES CAUTIONARY STATEMENT • Certain information regarding WSP contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, strategic ambitions, objectives, expectations, opinions, forecasts,
Slide 3: Robust Results and a Solid Performance
Q2 2021 Results ROBUST RESULTS AND A SOLID PERFORMANCE • Strong contribution from recent acquisitions • Better than anticipated 3 organic growth • Improved margins • Healthy backlog and strong project pipeline
Slide 4: Q2 2021 Key Events
WS) Q2 2021 Key Events
Slide 5: Becoming a Leading Global Environment Firm
Q2 2021 Results BECOMING A LEADING GLOBAL ENVIRONMENT FIRM • Release of our 2020 Environmental, Social and Governance (ESG) Report • Named, for the third year in a row, by World Finance Magazine as the 5 Most Sustainable Company in the Engineering Industry • Recognized as one of Corporate Knight’s B
Slide 6: Major Q2 2021 Project Wins - Australia
Q2 2021 Results MAJOR Q2 2021 PROJECT WINS - AUSTRALIA M6 Motorway Extension Stage 1 • Detailed design services for the F6 tunnel extension that covers the 6 roadway from the Sydney Airport to Kogarah. • The project is part of a staged delivery of the M6 Motorway aimed at reducing travel time from t
Slide 7: Major Q2 2021 Project Wins - United Kingdom
Q2 2021 Results MAJOR Q2 2021 PROJECT WINS - UNITED KINGDOM Leeds Teaching Hospitals NHS Trust • Significant win in the Hospitals of the Future program, part of the government’s commitment to build 40 hospitals by 2030. 7 • WSP is part of the expert team appointed by the Leeds Teaching Hospitals NHS
Slide 8: Major Q2 2021 Project Wins - United States
Q2 2021 Results MAJOR Q2 2021 PROJECT WINS - UNITED STATES Clipper Customer Service Center • WSP was selected to design, install, train and transition Metropolitan Transportation Corporation's existing Clipper program to an omni-channel Phase 2 Customer Service Center (CSC). 8 • WSP will operate and
Slide 9: Q2 2021 Overview
WS) Q2 2021 Overview
Slide 10: Regional Overview: Canada
Q2 2021 Results Q2 2021 REGIONAL OVERVIEW: CANADA • 13.0% organic growth in net revenues by segment • 20.9% adjusted EBITDA margin by segment • Backlog* organic growth of 8.6% since December 31, 2020 Net revenues* breakdown - Q2 2021 Earth & Environment 39% 10 Industry 1% Resources 9% Property & Pow
Slide 11: Regional Overview: Americas
Q2 2021 Results Q2 2021 REGIONAL OVERVIEW: AMERICAS • 0.6% organic growth in net revenues by segment • 21.0% adjusted EBITDA margin by segment • Backlog* organic contraction of 6.4% since December 31, 2020 • Volume of unfunded contract awards not yet included in backlog is at a record high in the U.
Slide 12: Regional Overview: EMEIA
Q2 2021 Results Q2 2021 REGIONAL OVERVIEW: EMEIA • 5.2% organic growth in net revenues by segment • 14.0% adjusted EBITDA margin by segment • Backlog* organic growth of 8.5% since December 31, 2020 Net revenues* breakdown - Q2 2021 Earth & Environment 12 13% Industry Property & 2% Buildings 34% Powe
Slide 13: Regional Overview: APAC
Q2 2021 Results Q2 2021 REGIONAL OVERVIEW: APAC • 0.9% organic contraction in net revenues by segment • 17.4% adjusted EBITDA margin by segment • Backlog* organic growth of 5.4% since December 31, 2020 Net revenues* breakdown - Q2 2021 Property & Buildings 13 30% Earth & Environment 18% Resources 5%
Slide 14: Financial Performance
Q2 2021 Financial 14 Performance
Slide 15: Robust Results and Increased Financial Guidance
Q2 2021 Results ROBUST RESULTS AND INCREASED FINANCIAL GUIDANCE • Adjusted EBITDA margin* of 16.9% for Q2 2021 • Earnings before net financing expense and income taxes of $189.2 million for Q2 2021 • Free cash flow* of $137.9 million for the six-month period ended June 26th, 2021 • Cash inflows from
Slide 16: Revenues and Net Revenues
Q2 2021 Results REVENUES AND NET REVENUES* REVENUES NET REVENUES* +19.3% +16.1% $2,633.1 $2,207.8 $2,028.8 16 $1,747.1 Q2 2020 Q2 2021 Numbers are quoted in millions of dollars (except percentages). *Non-IFRS measure. This measure is defined in section 19, “Glossary of non-IFRS measures and segment
Slide 17: Profitability
Q2 2021 Results PROFITABILITY EARNINGS BEFORE NET FINANCING EXPENSE ADJUSTED EBITDA* ($) AND ADJUSTED EBITDA MARGIN* (%) AND INCOME TAXES +24.1% $342.6 +55.2% $276.1 17 $189.2 15.8% 16.9% $121.9 Q2 2020 Q2 2021 Numbers are quoted in millions of dollars (except percentages). *Non-IFRS measure. This m
Slide 18: Net Earnings
Q2 2021 Results NET EARNINGS NET EARNINGS ATTRIBUTABLE TO SHAREHOLDERS ADJUSTED NET EARNINGS* (in millions of $ and per share) (in millions of $ and per share) $147.3 $120.0 $106.6 18 $88.6 $0.83 $1.03 $1.00 $1.26 per share per share per share per share Q2 2020 Q2 2021 Numbers are quoted in millions
Slide 19: Backlog
Q2 2021 Results BACKLOG* $9,632.4 +14.4% Backlog growth from December 31, 2020 $8,611.0 19 $8,505.8 $8,421.3 $8,430.9 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Numbers are quoted in millions of dollars (except percentages). * Non-IFRS measure. This measure is defined in section 19, “Glossary of non-IF
Slide 20: Days Sales Outstanding (DSO)
Q2 2021 Results DAYS SALES OUTSTANDING (DSO)* 72 72 70 68 20 63 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 * Non-IFRS measure. This measure is defined in section 19, “Glossary of non-IFRS measures and segment reporting measures” of WSP's management's discussion and analysis for the quarter ended June 2
Slide 21: We are well positioned to achieve our 2019-2021 strategic ambitions
Q2 2021 Results We are well positioned to achieve our 2019-2021 strategic ambitions. Our aim We will We will strive to remains to be a continue to All in view Our clients provide an top-tier player build upon our of becoming remain at the environment in every sector diversified and in which we the p
Slide 22: Q&A
Q&A