Wsp Global Inc · TSX:WSP
Wsp Global — Q3 2022 Earnings Presentation
19 slides from Wsp Global's earnings presentation, Nov 9, 2022
Slide 1: Q3 2022 Results
Q3 2022 Results November 9, 2022
Slide 2: Cautionary Statement and Non-IFRS Measures
Q3 2022 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: Q3 2022 Highlights
WSP) Q3 2022 Highlights
Slide 4: Results in Line with Expectations
Q3 2022 Results RESULTS IN LINE WITH EXPECTATIONS • Continued momentum ◦ Solid organic net revenue growth ◦ Improvements in adjusted EBITDA and 4 adjusted net earnings ◦ Healthy backlog ◦ Grown workforce by approximately 10,500 people in 2022 • Approach 2023 with confidence and with a solid balance
Slide 5: A Disciplined Approach to Capital Allocation
Q3 2022 Results A DISCIPLINED APPROACH TO CAPITAL ALLOCATION • Completed six acquisitions E&I during the course of Q3 2022 • Opportunistic and disciplined M&A strategy 5 • Continue to allocate capital to maximize shareholder value • In a good position to continue to grow
Slide 6: Major Q3 2022 Project Wins - New York Penn Station
Q3 2022 Results MAJOR Q3 2022 PROJECT WINS - NEW YORK PENN STATION • Opportunity to completely redesign New York Penn Station. • The project involves providing a preliminary design for the transformation of Penn Station as a single-level facility centered around a grand train hall with a 450-foot-lo
Slide 7: Major Q3 2022 Project Wins - Boeing Company
Q3 2022 Results MAJOR Q3 2022 PROJECT WINS - BOEING COMPANY • WSP was selected to provide environmental, health, and safety services, as well as sustainability- related due diligence activities for various Boeing sites across the world. 7 • Opportunity to leverage our global platform and allow us to
Slide 8: Q3 2022 Overview
WSP) Q3 2022 Overview
Slide 9: Regional Overview: Canada
Q3 2022 Results Q3 2022 REGIONAL OVERVIEW: CANADA • 7.2 % organic growth in net revenues • 25.2 % adjusted EBITDA margin by segment • Organic backlog(1) growth of 1.4% in the twelve-month period 9 WSP is providing compliance monitoring and annual reporting at 22 landfill sites, with the potential op
Slide 10: Regional Overview: Americas
Q3 2022 Results Q3 2022 REGIONAL OVERVIEW: AMERICAS • 7.5 % organic growth in net revenues • 20.9 % adjusted EBITDA margin by segment • Organic backlog growth of 24.1% in the twelve-month period 10 WSP was selected to help the City and County of Denver to help plan for and secure IIJA funding and, o
Slide 11: Regional Overview: EMEIA
Q3 2022 Results Q3 2022 REGIONAL OVERVIEW: EMEIA • 8.9 % organic growth in net revenues • 15.0 % adjusted EBITDA margin by segment • Organic backlog growth of 18.9% in the twelve-month period 11 WSP is working with the Swedish Transport Administration on the Expansion from two to four railway tracks
Slide 12: Regional Overview: APAC
Q3 2022 Results Q3 2022 REGIONAL OVERVIEW: APAC • 9.4 % organic growth in net revenues • 21.0 % adjusted EBITDA margin by segment • Organic backlog growth of 2.0% in the twelve-month period 12 WSP is contributing to transform how people cross the Waitematā Harbour (via mass rapid transit, active mod
Slide 13: Q3 2022 Financial Performance
Q3 2022 13 Financial Performance
Slide 14: Revenues and Net Revenues
Q3 2022 Results REVENUES AND NET REVENUES REVENUES NET REVENUES(1) +9.3% +8.3% 14 Numbers are quoted in millions of dollars (except percentages). (1) Quantitative reconciliations of net revenues to revenues are incorporated by reference to section 8.1, “Net revenues”, of WSP’s Management's Discussio
Slide 15: Profitability
Q3 2022 Results PROFITABILITY EARNINGS BEFORE NET FINANCING EXPENSE ADJUSTED EBITDA(1) ($) AND ADJUSTED EBITDA MARGIN(1) (%) AND INCOME TAXES +7.8% +6.9% 15 18.6% 18.6% Numbers are quoted in million of dollars (except percentages). (1) Non-IFRS financial measure or non-IFRS ratio without a standardi
Slide 16: Net Earnings
Q3 2022 Results NET EARNINGS NET EARNINGS ATTRIBUTABLE TO SHAREHOLDERS ADJUSTED NET EARNINGS(1) +7.6% -8.3% 16 $1.53 $1.59 $1.18 $1.05 per share per share per share per share Numbers are quoted in million of dollars (except percentages and per share amounts). (1) Non-IFRS financial measure or non-IF
Slide 17: Backlog
Q3 2022 Results BACKLOG(1) +15.2% organic backlog growth in the twelve-month period 17 Numbers are quoted in millions of dollars (except percentages). (1) This presentation incorporates by reference section 19, “Glossary of segment reporting, non-IFRS and other financial measures”, of WSP’s MD&A for
Slide 18: Days Sales Outstanding (DSO)
Q3 2022 Results DAYS SALES OUTSTANDING (DSO)(1) 18 (1) This presentation incorporates by reference section 19, “Glossary of segment reporting, non-IFRS and other financial measures”, of WSP’s MD&A for the quarter and nine-month period ended October 1, 2022, filed on SEDAR at www.sedar.com, which exp
Slide 19: Closing Remarks
Closing Remarks