Wsp Global Inc · TSX:WSP
Wsp Global — Q4 2024 Earnings Presentation
18 slides from Wsp Global's earnings presentation, Feb 26, 2025
Slide 1: Q4 & F2024 Results
Q4 & F2024 RESULTS FEBRUARY 26, 2025
Slide 2: Cautionary statement and non-IFRS measures
Cautionary statement and non-IFRS measures CAUTIONARY STATEMENT Certain information contained herein is not based on historical or current facts and may constitute forward-looking statements or forward-looking information (collectively, “forward-looking statements”) under Canadian securities laws. F
Slide 3: 2024 Highlights
2024 HIGHLIGHTS 3
Slide 4: F2024 highlights
F2024 highlights $16.2B (+12.0% vs 2023) Revenues $12.2B (+11.7% vs 2023) Net Revenues(2) Quality organic growth in net revenues(1) The 7.5% organic growth of net revenue for full year is attributable to all reportable segments, led by the US and Canada. $2185.7M 18.0% $1.27B (3) Improved adjusted E
Slide 5: Q4 2024 highlights
Q4 2024 highlights $4.7B (+25.3% vs Q4 2023) Revenues $3.4B (+23.1% vs Q4 2023) Net Revenues Quality organic growth in net revenues Net revenue organic growth of 10.0% in the quarter was led by the US and Canada. Improved adjusted EBITDA $634.3M 18.7% $345.4M Adjusted EBITDA in the quarter grew to $
Slide 6: Four core end-markets supported by secular trends
Four core end-markets supported by secular trends EARTH & POWER & TRANSPORTATION PROPERTY ENVIRONMENT ENERGY & INFRASTRUCTURE & BUILDINGS WSP responded to a state of Equipped with state-of-the-art WSP is delivering a Future Ready® WSP is providing telecommunications emergency from the City of Iqalui
Slide 7: Four core end-markets supported by secular trends
Four core end-markets supported by secular trends EARTH & POWER & TRANSPORTATION PROPERTY ENVIRONMENT ENERGY & INFRASTRUCTURE & BUILDINGS Working toward a sustainable supply WSP is one of CNL’s strategic delivery The City of Atlanta’s Department of The $1.1 billion Frankston Hospital of rare earth e
Slide 8: Q4 & F2024 Financial Performance
Q4 & F2024 FINANCIAL PERFORMANCE 8
Slide 9: Revenues and Net revenues
Revenues Net revenues +12% $16,166.8 $14,437.2 +12% $12,172.2 $10,897.0 +25% +23% $4,664.9 $3,724.3 $3,394.0 $2,756.0 Q4 2023 Q4 2024 Fiscal Fiscal Q4 2023 Q4 2024 Fiscal Fiscal 2023 2024 2023 2024 Numbers are quoted in millions of dollars (except percentages) 9
Slide 10: EBIT and Adjusted EBITDA and margin
EBIT Adjusted EBITDA ($) and adjusted EBITDA margin (%) +14% $2,185.7 $1,921.3 +34% $1,268.6 $947.5 +21% 18.0% +64% $634.3 17.6% $524.9 $345.4 $211.0 19.0% 18.7% Q4 2023 Q4 2024 Fiscal Fiscal Q4 2023 Q4 2024 Fiscal Fiscal 2023 2024 2023 2024 Numbers are quoted in millions of dollars (except percenta
Slide 11: Net earnings and adjusted net earnings per share
Net earnings attributable Adjusted net earnings and to shareholders adjusted net earnings per share +24% +18% $1,014.9 $681.4 $860.0 $550.0 +23% +28% $6.90 $8.05 per share per share $4.41 $5.40 $305.3 $166.9 per share per share $247.8 $130.6 $1.28 $1.99 $2.34 $1.05 per share per share per share per
Slide 12: Days sales outstanding (DSO)
Days sales outstanding (DSO)(1) 80 79 Target Range 76 76 72 - 79 72 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 1) DSO is a supplementary financial measure without a standardized definition within IFRS, which may not be comparable to similar measures presented by other issuers. DSO represents the averag
Slide 13: Segment Overview
2024 SEGMENT OVERVIEW 13
Slide 14: Fiscal 2024 segment overview: Canada
Fiscal 2024 segment overview: Canada Net Revenues Breakdown – Fiscal 2024 9.1% Energy Alberta plans to build a large- scale nuclear power plant (4000 MW) in the Peace River area of Northern organic growth in Alberta which could provide up to 30% net revenues of Alberta’s existing electricity 4% gene
Slide 15: Fiscal 2024 segment overview: Americas
Fiscal 2024 segment overview: Americas* Net Revenues Breakdown – Fiscal 2024 10.7% organic growth in net revenues WSP is providing full multi-disciplinary engineering services for the VW 9% PowerCo gigafactory. The battery plant will house the latest in cutting-edge battery cell technology and at 20
Slide 16: Fiscal 2024 segment overview: EMEIA
Fiscal 2024 segment overview: EMEIA* Net Revenues Breakdown – Fiscal 2024 6.4% organic growth in WSP has been appointed by the net revenues Environment Agency to update and 7% maintain existing groundwater models in Lincolnshire and East Anglia, United Kingdom. The project will focus on 16.0% 17% up
Slide 17: Fiscal 2024 segment overview: APAC
Fiscal 2024 segment overview: APAC* Net Revenues Breakdown – Fiscal 2024 0.5% organic growth in WSP is overseeing over 120 projects net revenues 2% to reduce the health and accommodation disadvantages experienced by rural and remote First Nations communities around Australia. 16.0% 32% Co-designed a
Slide 18: Thank you
THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU