Slide 1: Q4 and Year 2012 Results
Q4 and Year 2012 Results March 13, 2013
Slide 2: Agenda
AGENDA Q4 and Year 2012 in Review Q4 and Year 2012 Financial Results 2013 Guidance Questions and Answers 2
Slide 3: Q4 and Year 2012 in Review
Q4 and Year 2012 in Review 3
Slide 4: A Strong 2012 Performance
A STRONG 2012 PERFORMANCE We successfully acquired WSP and are actively progressing the integration and implement revenue synergy strategies We posted record $1.2 billion revenues and EBITDA of $125.4 million We strengthened our balance sheet by significantly reducing our debt with a strong fo
Slide 5: Q4 and Year 2012 Results
Q4 and Year 2012 Results 5
Slide 6: Revenue and Net Revenues
REVENUE AND NET REVENUES Revenues* 1,257.5 Net Revenues* 1,020.1 2012 organic growth generated by 651.9 529.0 WSP stood at 4.9% without 516.5 411.9 the effect of exchange rate movement year-over- 172.0 132.7 year. Q4 11 Q4 12 2011 2012 Q4 11 Q4 12 2011 2012 Q4 12 VS. Q4 11 2012 VS. 2011 Q4 12 vs. Q4
Slide 7: EBITDA Without Unusual Items
EBITDA WITHOUT UNUSUAL ITEMS 125.4 89.7 45.3 21.5 Q4 12 months 2011 2012* 7 *2012 figures includes 5 months of WSP
Slide 8: Adjusted Net Earnings and Net EPS
ADJUSTED NET EARNINGS AND NET EPS Adjusted Net Earnings* Adjusted Net EPS* 61.4 1.64 1.52 42.9 26.5 0.52 0.37 10.0 Q4 12 months Q4 12 months 2011 2012 2011 2012 8 *2012 figures include 5 months of WSP
Slide 9: Days Sales Outstanding
DAYS SALES OUTSTANDING 116 117 110 108 107* Q4 inflow 105 of approx. 102 $54M 2012 objective 97* Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Canadian operations only 9 *Includes 2 months of WSP in Q3 2012 and 3 months in Q4 2012
Slide 10: Backlog
BACKLOG 1,360.0 1,420.6 WSP backlog 499.7 540.6 419.3 454.0 468.8 409.6 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012* Q4 2012* 10
Slide 11: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION (in millions of dollars) Q4 2012 Total assets $1,812.0 Financial liabilities $254.8 Less: Cash and cash equivalents ($127.7) Net debt 127.1 2012 EBITDA* 125.4 Net debt / EBITDA* 0.8x 11 *Without Unusual Items
Slide 12: Payout Ratios
PAYOUT RATIOS (in millions of dollars, except percentages and per share data) Q4 2012 Adjusted net EPS $0.52 Funds from operations per share* $0.93 Free cash flow per share* $1.93 Dividend declared $0.375 Dividend paid net of DRIP $0.24 Payout ratios - Dividend declared on adjusted net EPS 72% - Div
Slide 13: Selected Projects
SELECTED PROJECTS 13
Slide 14: Canada
CANADA Facilities design provider for BC Hydro for the next five years. 14
Slide 15: United States
UNITED STATES Mechanical, electrical, plumbing and structural professional services for a 2,100,000-ft2 mixed-use project including three buildings with residential, retail and amenity areas. 15
Slide 16: Northern Europe
NORTHERN EUROPE Detail design of Slussen bus terminal, one of Stockholm’s busiest junctions, where approximately 300,000 travelers pass each day. 16
Slide 17: United Kingdom
UNITED KINGDOM Detailed design for the main contractor of the London Bridge redevelopment project, aimed at significantly increasing passenger flows through central London. 17
Slide 18: Rest of World
REST OF WORLD Design and supervision of the mechanical, electrical and plumbing professional services, as well as structural design and LEED sustainability for the Al Nasseria Community Mall in Sharjah (UAE). 18
Slide 19: 2013 Outlook
2013 OUTLOOK 19
Slide 20: 2013 Outlook
2013 OUTLOOK Net revenues $1,500 million to $1,700 million EBITDA margin range Approx. 10.5% of net revenues Tax rate Approx. 24% Between 20% to 29%, the first Seasonality and EBITDA fluctuations quarter being the lowest and the third quarter being the highest Free cash-flow as a percentage of net e
Slide 21: 2013 Outlook - Canada
2013 OUTLOOK - CANADA Flat organic growth Political challenges Continued international competition 21
Slide 22: 2013 Outlook – United States
2013 OUTLOOK – UNITED STATES Solid organic growth Economy in general expected to be impacted by federal, state and local governments continuing to face budget deficits 22
Slide 23: 2013 Outlook – United Kingdom
2013 OUTLOOK – UNITED KINGDOM Stable performance Fall statement: ongoing commitment to infrastructure Energy Bill to reform electricity market 23
Slide 24: 2013 Outlook – Northern Europe
2013 OUTLOOK – NORTHERN EUROPE Sweden stable. Recently announced budget, which promised further investments in Mining and Infrastructure Germany and Finland stable, impacted by economic slowdown in the European Union 24
Slide 25: 2013 Outlook – Rest of the World
2013 OUTLOOK – REST OF THE WORLD Middle East - Solid performance Australia and New Zealand – Solid performance - macroeconomic fundamentals still very good; low levels of government debt and unemployment Asia – Improving outlook - price of iron ore and GDP increasing South Africa - Public sector par
Slide 26: Questions and Answers
Questions and Answers 26
Slide 27: Thank You
2A GENIVAR