Bird Construction Inc. · TSX:BDT
Bird Construction — Merger or Acquisition (September 2025)
16 slides from Bird Construction's merger presentation, Sep 3, 2025
Slide 1: Bird Acquisition Overview
We bring life to vision Creating great things with you Add your own photo here using template on Slide 1 Bird Acquisition Overview September 4, 2025 Bird Construction Inc. (TSX:BDT)
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements and information (“forward-looking statements”) within the meaning of applicable Canadian securities laws. The forward-looking statements contained in this presentation are based on the expectations, estimates and projections of managem
Slide 3: Disclaimer: Terminology and Non-GAAP & Other Financial Measures
Disclaimer TERMINOLOGY AND NON-GAAP & OTHER FINANCIAL MEASURES 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 4: Fraser River Pile & Dredge (FRPD): At A Glance
Fraser River Pile & Dredge (FRPD): At A Glance Highly experienced Versatile marine Safety leader in marine Strong Indigenous Broad client base across workforce of 300+ salaried, and land construction infrastructure, land Partnerships sectors, and strong hourly and craft equipment fleet foundations a
Slide 5: Strategic Rationale: Catalyst for Growth
Strategic Rationale: Catalyst for Growth Leveraging reputation, expertise, cross selling opportunities, and increasing market demand one One Team: Culture One Mission: Execution One Goal: Performance One Bird Market Demand One of the most Strong market reputation Accretive to Bird’s EBITDA C
Slide 6: Strategic Alignment: Catalyst for Growth
Strategic Alignment: Catalyst for Growth Geographic reach and operating footprint Fox Lake Ferry Crossing Churchill Port Diavik Mine Tompkins Landing Expansion St. Lawrence River Dredging WAC Bennet Dam Port of Montreal Lajoie Dam Centerm Expansion Fairview Terminal Expansion Mission Forcemain Pattu
Slide 7: Project Highlights
Project Highlights Marine Infrastructure: Ports & Terminals Infrastructure: Roads & Bridges • Centerm Expansion Project • Port Mann Bridge / Highway 1 • Fairview Container Terminal – Improvement Project Phase II • Holdom Overpass • Vancouver Shipyard Outfitting Pier • Pattullo Bridge Replacement – •
Slide 8: Transaction Overview
Transaction Overview Purchase Price and Financial Impact • Estimated aggregate consideration of $82.3M • On a pro forma basis, FRPD is expected to generate approximately $160M of revenue and $20M of Adjusted EBITDA (1) on an annual basis • Expected to be accretive to Bird's Adjusted Earnings Per Sha
Slide 9: Furthering Bird's Strategy to Expand its National Full-service Infrastructure Vertical
Furthering Bird’s Strategy to Expand its National Full-service Infrastructure Vertical Acquisition aligns with Bird’s M&A strategy Strengthens Bird’s national infrastructure • FRPD is one of the most experienced marine infrastructure presence and adds national marine and dredging teams in Canada, co
Slide 10: Combined Operations Overview
Combined Operations Overview FRPD further diversifies Bird’s revenue between Infrastructure, Buildings and 2024 Revenue Breakdown Industrial – progressing toward Bird’s FY2024 Revenue $3.4B long-term strategic goal of evenly Industrial Buildings Infrastructure balanced revenue across the groups. 43%
Slide 11: A Highly Complementary Business Combination
A Highly Complementary Business Combination Full-Year 2025 Revenue ($B) Key Benefits 2025 Full Year Estimates(3) $3.5 $3.7 • On a pro forma basis, FRPD is Adj. Adj. +4.6% expected to generate Revenue EBITDA EBITDA approximately $160M of revenue BDT.TO ($M) ($M) Margin and $20M of Adjusted EBITDA(1)
Slide 12: Acquisition Clearly Aligned with Bird's M&A Criteria
Acquisition Clearly Aligned with Bird’s M&A Criteria Strategic Criteria Achieves sector & geographic growth Expanded infrastructure presence in Canada and adds national marine construction and land foundation capabilities Enhances presence and capabilities in an existing geography New offerings
Slide 13: Key Takeaways
Key Takeaways Highly strategic, complementary acquisition aligned with Bird’s M&A criteria that 1 expands the Company’s infrastructure presence in Canada and adds National marine construction and land foundation capabilities Increases exposure to key secular tailwinds that position Bird to capitaliz
Slide 14: Thank you
Thank you FRPD Acquisition Investor Presentation
Slide 15: Significant Demand Trends in British Columbia and Nationally for Public and Private Clients
Significant Demand Trends in British Columbia and Nationally for Public and Private Clients Government Investment • $45.9B in capital spending planned over next three years in BC Budget 2025, which includes investment in roads, bridges, health, education, and housing BC Provincial infrastructure to
Slide 16: Bird Construction at-a-glance
at-a-glance A leading collaborative construction and maintenance company operating from coast-to-coast-to-coast TSX: BDT $3.4B $98M Toronto, ON Q2’25 TTM Q2’25 TTM Calgary, AB Revenue Net Income Headquarters $4.6B $3.8B $1.3B1 Backlog2 Pending Market cap Jun. 30, 2025 Backlog2 Jun. 30, 2025 6,000+ e
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