Wsp Global Inc · TSX:WSP
Wsp Global — Shareholder Meeting (May 2022)
49 slides from Wsp Global's shareholder meeting presentation, May 12, 2022
Slide 1: 2022 Annual Meeting of Shareholders
2022 Annual Meeting of Shareholders MAY 12, 2022
Slide 2: Christopher Cole, Chairman of the Board
2 Christopher Cole 2022 ANNUAL MEETING OF SHAREHOLDERS Chairman of the Board
Slide 3: Meeting agenda
Meeting agenda 3 1 Financial Statements 2 Election of Directors 3 Appointment of the Auditor 2022 ANNUAL MEETING OF SHAREHOLDERS 4 Advisory Resolution on Executive Compensation 5 Varia
Slide 4: Rules of conduct
Rules of conduct 4 Duration of the Meeting Voting 2022 ANNUAL MEETING OF SHAREHOLDERS Question Period Please refer to the rules of conduct on the web portal
Slide 5: Christopher Cole, Chairman of the Board
5 Christopher Cole 2022 ANNUAL MEETING OF SHAREHOLDERS Chairman of the Board
Slide 6: Pierre Shoiry, Vice Chairman of the Board
6 Pierre Shoiry 2022 ANNUAL MEETING OF SHAREHOLDERS Vice Chairman of the Board
Slide 7: Meeting Procedures
Meeting Procedures 7 Appointment of President and Secretary Appointment of Scrutineers 2022 ANNUAL MEETING OF SHAREHOLDERS Notice of Annual Meeting and Quorum List of Shareholders: corporatecommunications@wsp.com
Slide 8: Appointment of Chair and Secretary
Appointment of Chair and Secretary 8 Pierre Shoiry Vice Chairman of the Board To act as Chair of the formal part of the meeting 2022 ANNUAL MEETING OF SHAREHOLDERS Philippe Fortier Chief Legal Officer and Corporate Secretary To act as Secretary of the meeting
Slide 9: Appointment of Scrutineers
Appointment of Scrutineers 9 Bertrand Gély and Mathias Jalali from TSX Trust will be acting as scrutineers for the meeting. 2022 ANNUAL MEETING OF SHAREHOLDERS
Slide 10: Philippe Fortier, Chief Legal Officer and Corporate Secretary
10 Philippe Fortier 2022 ANNUAL MEETING OF SHAREHOLDERS Chief Legal Officer and Corporate Secretary
Slide 11: Notice of Annual Meeting
Notice of Annual Meeting 11 The notice of meeting was sent to all shareholders entitled to receive it as of March 30th, 2022. The financial statements for the year 2021 were sent 2022 ANNUAL MEETING OF SHAREHOLDERS to all shareholders who requested to receive a copy. The notice of meeting contains i
Slide 12: List of Shareholders
List of Shareholders 12 Please contact us via e-mail if you wish to examine the list of shareholders of WSP as at March 30, 2022, being the record date for this meeting. 2022 ANNUAL MEETING OF SHAREHOLDERS corporatecommunications@wsp.com
Slide 13: Quorum
Quorum 13 A quorum is present at this annual shareholder meeting of WSP. 2022 ANNUAL MEETING OF SHAREHOLDERS
Slide 14: Pierre Shoiry, Vice Chairman of the Board
14 Pierre Shoiry 2022 ANNUAL MEETING OF SHAREHOLDERS Vice Chairman of the Board
Slide 15: 2021 Financial Statements
15 2022 ANNUAL MEETING OF SHAREHOLDERS Statements 2021 Financial
Slide 16: Voting Procedures
Voting Procedures 16 One share equals one vote Each item on the agenda will be determined by a majority of votes cast 2022 ANNUAL MEETING OF SHAREHOLDERS To simplify the voting procedures, the same two shareholders will propose and second each motion: - Quentin Weber - Brittany Forget-Brooks
Slide 17: Election of Directors
17 2022 ANNUAL MEETING OF SHAREHOLDERS Directors Election of
Slide 18: Election of Directors
18 Christopher Pierre Alexandre Cole Shoiry L’Heureux Election of Directors 2022 ANNUAL MEETING OF SHAREHOLDERS Louis-Philippe Linda Suzanne Carrière Smith-Galipeau Rancourt Paul Birgit Raymond Nørgaard
Slide 19: Appointment of the independent auditor
19 Appointment of the independent auditor 2022 ANNUAL MEETING OF SHAREHOLDERS
Slide 20: Appointment of the independent auditor
Appointment of the independent auditor 20 PricewaterhouseCoopers LLP, Chartered Professional Accountants 2022 ANNUAL MEETING OF SHAREHOLDERS
Slide 21: Non-Binding Advisory Vote on Executive Compensation
21 Non-Binding Advisory Vote on Executive 2022 ANNUAL MEETING OF SHAREHOLDERS Compensation
Slide 22: Non-Binding Advisory Vote on Executive Compensation
Non-Binding Advisory 22 Vote on Executive Compensation “Resolved, on an advisory basis and not to diminish the role and responsibilities of the Board of Directors, that the Shareholders accept the approach to executive compensation disclosed in the Corporation’s Circular 2022 ANNUAL MEETING OF SHARE
Slide 23: Voting Results
Voting Results 23 Based on preliminary voting results, all items to be voted on at the meeting have been approved. 2022 ANNUAL MEETING OF SHAREHOLDERS The final voting results will be filed on SEDAR within the next 24 hours.
Slide 24: Adjournment of the Formal Part of the Meeting
24 Adjournment of the Formal Part of the Meeting 2022 ANNUAL MEETING OF SHAREHOLDERS
Slide 25: Christopher Cole, Chairman of the Board
25 Christopher Cole 2022 ANNUAL MEETING OF SHAREHOLDERS Chairman of the Board
Slide 26: Forward-looking statements
Forward-looking statements 26 Certain information regarding WSP contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, strategic ambitions, objectives, expectations, opinions, forecasts, projections, guidance, outlook or other statements
Slide 27: Alexandre L'Heureux, President & Chief Executive Officer
27 Alexandre L’Heureux 2022 ANNUAL MEETING OF SHAREHOLDERS President & Chief Executive Officer
Slide 28: Our Achievements Expanded our Horizons
28 Our Achievements Expanded our Horizons People & Culture Expertise Clients Operational Excellence 17 successful Strong brand Delivered on financial 55,000 acquisition with a reputation ambitions People Globally integrations, for excellence including Golder Robust balance sheet to support growth 3
Slide 29: A Diversified and More Resilient Platform
A Diversified and More Resilient Platform 29 EMEIA 31% Americas 35% OECD countries Good 92% Focus on geographic mature, stable mix economies APAC Non- 17% OECD 29 countries 2022 ANNUAL MEETING OF SHAREHOLDERS Canada 8% 17% Strategic Advisory Transport & Services Infrastructure 45% Private 45% sector
Slide 30: Global leader in ESG & Sustainability Consulting with Golder
30 With the addition of GOLDER, we are now a global leader in ESG & Sustainability Consulting — 14,000 environmental experts globally 2022 ANNUAL MEETING OF SHAREHOLDERS — World-class expertise in underground and above ground engineering — Strengthened global presence
Slide 31: Focus on acquisition growth
Focus on acquisition growth 31 17 acquisitions over 2019-2021 strategic cycle 2022 ANNUAL MEETING OF SHAREHOLDERS Smart Navigation * * Asset purchase
Slide 32: What We Stand For
What We Stand For 32 — WSP exists to future-proof our cities and environments. — To collaborate. To rethink. To innovate. 2022 ANNUAL MEETING OF SHAREHOLDERS — While never compromising on integrity, quality or safety. — This is what propels us – now, and in the future.
Slide 33: Trends Transforming Our World / Future Ready Mindset
33 Trends Transforming Our World Future Ready® Mindset — Think beyond the conventional Shifting work Increase infrastructure — Take a generational view environment and talent expectations spending — Become prognosticators Technology and — Design and engineer our future Decarbonization of the global
Slide 34: Ambitious Climate Action: Our Net Zero Commitment
Ambitious Climate Action 34 Our Net Zero Commitment Our targets include: We also commit to better understand the GHG emissions linked to our project advice and — Achieve net zero designs, and to collaborate with our clients and by 2040 across partners to drive emissions reductions WSP’s global 2022
Slide 35: Ratings & Rankings
35 Ratings & Rankings “Low Risk” Score: A- Sustainalytics 2021 CDP Climate ESG Risk Rating1 Change Questionnaire Maintain our CDP Climate Change Questionnaire Score: A or improve “A-” score “Robust” MSCI ESG Rating5 Moody’s ESG Scorecard2 a “low-risk” score on Score: A Maintain the Sustainalytics ES
Slide 36: 2021 Achievements
2021 Achievements 36 People & Culture Clients Developed a Rollout of career Strong brand Boosted client consistent job development with a satisfaction architecture pathway model reputation for 2022 ANNUAL MEETING OF SHAREHOLDERS across regions excellence Achieved Launch of Global favourable 75% of G
Slide 37: 2019-2021 Financial Ambitions
2019-2021 Financial Ambitions 37 2019-2021 Targets Ambitions Achieved Net revenues(4) $8B to $9B $8.1 B Annual net revenue growth(4) >10% 10.3% 2022 ANNUAL MEETING OF SHAREHOLDERS Adj. EBITDA margin(2) % 15% to 16% 16.8% Net debt / adj. EBITDA(3) 1.0x to 2.0x 0.6x DSO(3) < 80 66 FCF(1) / net earning
Slide 38: Future Ready: 2022-2024 Global Strategic Action Plan
Future Ready Putting our ingenuity forward 2022-2024 Global Strategic Action Plan
Slide 39: Our Long-Term Vision
39 Our Long-Term Vision The journey to achieve our long-term vision stretches before us with a clear destination. We cannot predict with certainty when we will arrive, but we know we will get there. We will progress with passion and determination and mark milestones along the way. WSP: The Undispute
Slide 40: The beginning of our journey: 2022-2024 Strategic Action Plan
40 The beginning of our journey 2022-2024 Strategic Action Plan Our Core Pillars 2022-2024 Strategic Objectives People & Culture FOSTER Our Long-Term Vision Expertise LEAD 2022 ANNUAL MEETING OF SHAREHOLDERS The Undisputed Client ELEVATE Leader in Our Industry Operational Excellence TRANSFORM Our Dr
Slide 41: Strategic objectives by pillar: Expertise, Clients, Operational Excellence
Leading through technical Elevating the standard in Driving leading performance excellence and innovation client experience and efficiency through transformation Expertise Clients Dperational Excellence ) Create a fulfilling and inclusive Advance our core sectors, and >) Mature our enterprise-wide S
Slide 42: Our 2024 Financial Ambitions
42 Our 2024 Financial >$10B Net revenues Ambitions > 5% Annual organic net revenue growth By 2024, we intend to grow net 17.5-18.5% Adjusted EBITDA margin(4) revenues in excess of 30%, adjusted EBITDA by 40% and >100% 2022 ANNUAL MEETING OF SHAREHOLDERS Free cash flow (4) to net earnings adjusted ne
Slide 43: Our ESG commitments
Our ESG commitments 43 Environmental Social Governance 40% 5% 100% decrease in absolute yearly increase in completion rate of the 2022 ANNUAL MEETING OF SHAREHOLDERS scope 1 and 2 GHG representation of women Code of Conduct emissions (60% by 2030) and other under- onboarding training represented gro
Slide 44: We are WSP. We are Future Ready.
We are WSP. 44 We are Future Ready . ® Our Core Pillars 2022-2024 Strategic Objectives People & Culture FOSTER Our Long-Term Vision Expertise LEAD 2022 ANNUAL MEETING OF SHAREHOLDERS The Undisputed Client ELEVATE Leader in Our Industry Operational Excellence TRANSFORM Our Driving Forces ESG Innovati
Slide 45: Christopher Cole, Chairman of the Board
45 Christopher Cole 2022 ANNUAL MEETING OF SHAREHOLDERS Chairman of the Board
Slide 46: Question Period
Question Period 46 You can ask your questions via the web portal or by dialing in the number appearing on the left side of your screen. 2022 ANNUAL MEETING OF SHAREHOLDERS Please enter or mention your full name. Any questions we do not get to during the meeting will be answered on WSP’s website.
Slide 47: Thank you!
2022 ANNUAL MEETING OF SHAREHOLDERS 47 Thank you!
Slide 48: Question Today, Imagine Tomorrow
48 Question Today Imagine Tomorrow Create for the future 2022 ANNUAL MEETING OF SHAREHOLDERS
Slide 49: Non-IFRS and other financial measures
Non-IFRS and other financial measures 49 (1) Non-IFRS financial measure without a standardized definition under IFRS, which may not be comparable to similar measures used by other issuers. This presentation incorporates by reference section 22, “Glossary of segment reporting, non-IFRS and other fina