Slide 1: Q2 2026 Earnings Call Presentation
Q2 2026 Earnings Call Presentation August 13, 2026 Bird Construction Inc. (TSX:BDT)
Slide 2: Terminology and non-GAAP & other financial measures
Terminology and non-GAAP & other financial measures Disclaimer 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
Slide 3: Why Invest
Why Invest Specialty contractor with national scale, supported by a distributed work program, self-perform depth and exposure to Canada’s priority investment themes. Durable and Visible Growth Strong Financial Discipline • Exposure to massive addressable market aligned to Canada’s • Differentiated s
Slide 4: Financial Highlights Q2 2026
Financial Q2 2026 Highlights Revenue Adj. EBITDA1 & Adj. EBITDA Margin2 22.6% y/y 34.6% y/y • First quarter in Bird's history to exceed $1 billion in revenue $1,000 7.1% $1,043 6.0% 6.5% $74 $851 • Y/y organic revenue growth led by $55 Buildings business, with all $500 3.0% businesses contributing t
Slide 5: Over $12B in Combined Backlog
Over $12B in Combined Backlog Higher Embedded Margins, Collaborative, Distributed, Risk-Balanced, with Robust Demand Across Sectors, Supporting 2027 Targets +43% Book to Bill Ratio1 • Backlog up 30.6% year over year 29% CAGR2 $11.1B $12.0B 139% • Pending Backlog up 57.5% year $1,400 TTM Q2 2026 over
Slide 6: A Business Built for a Distributed Load
A Business Built for a Distributed Load Specialized execution capability, national scale and diversified exposure across Canada’s priority investment themes These attributes are central to how the business is differentiated in the market and reinforce Bird’s position as a specialty contractor with n
Slide 7: Spotlight LCIP Projects
Operational Excellence Driving Growth on Large Capital Investment Projects (LCIPs) Background: client-driven investments ($1B+) split into multiple scopes with successive wins driving business-wide growth and target achievement. Spotlight LCIP Projects Ring of Fire (RoF) Woodfibre LNG Project BHP Ja
Slide 8: Path to 2027
Path to 2027 Risk-Balanced Business Model with a Proven Track Record of Generating Growth and Profitability 2022-2024 2025-2027 • Adj. EBITDA CAGR2 ~30% • Adj. EBITDA (TTM) CAGR1 ~25% • 150bps in 2 years with multiple, incremental drivers • Added 200bps to Adj. EBITDA Margin in 2 years • Double digi
Slide 9: Q2 2026 Financial Highlights
Q2 2026 Financial Highlights Three Months Ended Y/Y Six Months Ended June Y/Y June 30, 2026 Change 30, 2026 Change Revenue $1,043.3 22.6% $1,826.6 16.5% Gross Profit $109.8 21.8% $182.1 15.5% 10.5% of Revenue 2 10.0% of Revenue 2 Adjusted EBITDA1 $73.9 34.6% $111.0 24.8% 7.1% of Revenue 2 6.1% of Re
Slide 10: Strong Cash Generation and Balance Sheet Capacity
Strong Cash Generation and Balance Sheet Capacity Consistent cash generation and disciplined capital management support growth, execution and strategic flexibility. 33% $4.73 27% TTM FCF CAGR¹ TTM FCF / Share3 TTM Adjusted ROE3 Free Cash Flow2 Generation Balance Sheet & Credit Strength $300 $4.73 $5
Slide 11: Deploying Capital to Create Long-Term Shareholder Value
Deploying Capital to Create Long-Term Shareholder Value Strong cash generation and financial flexibility support disciplined investment in growth, strategic acquisitions and shareholder returns. Uses of capital Capital Expenditures2 (2022 – Q2 2026 YTD) $40 $30 Reinvest in the Business $20 $41 • Equ
Slide 12: Outlook
Outlook • Record combined backlog of $12.0B with $1.8B of securements in the quarter, outpacing work executed by $707M; a lower-risk collaborative mix and stronger margins give visibility to future performance. • Revenue growth and margin accretion Q2 pace expected to hold, driving full-year growth
Slide 13: Key Takeaways
Key Takeaways Specialty contractor with national scale, supported by a distributed work program, self-perform depth and exposure to Canada’s priority investment themes. 1 Durable, multi-year growth visibility underpinned by ~$12B combined backlog 2 Strategic partnerships with Marten Falls First Nati
Slide 14: Appendix
Appendix Q2 2026 14 Earnings Call Presentation
Slide 15: Capital Markets Overview
$67.44 ~1.25% ~$3.74B Capital Share Price1 Dividend Yield Market Capitalization1 Markets Overview $22.40/$78.64 52 Week Low / High1 55,403,298 Shares Outstanding1 Organic and M&A Firm Analyst Contact Revenue Growth ATB Capital Chris Murray 647.776.8246 cmurray@atb.com BMO Capital Markets John Gibson