Wsp Global Inc · TSX:WSP

Wsp Global — GENIVAR — Shareholder Meeting (2012)

53 slides from Wsp Global's shareholder meeting presentation, 2012

  1. Slide 1: 2012 Annual Meeting

    2012 ANNUAL MEETING Welcome

  2. Slide 2: Richard Bélanger, Chairman of the Board

    Richard Bélanger Chairman of the Board

  3. Slide 3: Board Members

    3 Board Members  PIERRE SECCARECCIA Corporate Director  Director since 2006  Chairman of the Audit Committee  Independent

  4. Slide 4: Board Members

    4 Board Members  PIERRE SIMARD President, Champlain Financial Corporation (Canada)  Director since 2007  Member of the Audit Committee  Member of the Governance and Compensation Committee  Independent

  5. Slide 5: Board Members

    5 Board Members  PIERRE SHOIRY President and CEO, GENIVAR Inc.  Director since 2006  Non independent

  6. Slide 6: Board Members

    6 Board Members  RICHARD BÉLANGER President, Toryvel Group Inc.  Director since 2007  Chairman of the Board  Member of the Audit Committee  Independent

  7. Slide 7: Board Members

    7 Board Members  LAWRENCE SMITH, QC Partner, Bennett Jones LLP  Director since 2007  Chairman of the Governance and Compensation Committee  Independent

  8. Slide 8: Board Members

    8 Board Members  ALI ETTEHADIEH Executive Vice Président, GENIVAR Inc.  Director since 2006  Non independent

  9. Slide 9: Board Members

    9 Board Members  GRANT G. MCCULLAGH Chairman and CEO, Global Integrated Business Solutions LLC  Director since 2011  Member of the Governance and Compensation Committee  Independent

  10. Slide 10: Richard Bélanger, Chairman of the Board

    Richard Bélanger Chairman of the Board

  11. Slide 11: 2011 Highlights

    2011 Highlights =] GENIVAR

  12. Slide 12: 2011 Highlights

    12 2011 Highlights  Preparation and strengthening of the foundations  Integration of acquisitions  Strengthening of the financial bases  An industry undergoing consolidation

  13. Slide 13: Governance

    13 Governance  Modification of Board Committees to leverage Directors’ expertise  Risk Committee lead by GENIVAR managers and reporting to the Audit Committee 2012 OBJECTIVES  Continue to guide and support the Management Team  Maintain strict transparency and independence rules  Integrate men/w

  14. Slide 14: Meeting Procedures

    Meeting Procedures =] GENIVAR

  15. Slide 15: Today's Agenda

    15 Today’s Agenda  Financial Statements  Election of Directors  Appointment of Auditors  Varia  Management Team Presentation  Questions and Answers

  16. Slide 16: Meeting Procedures

    16 Meeting Procedures  Quorum  Declaration of Mailing  Voting Procedures

  17. Slide 17: 2011 Financial Statements

    2011 Financial Statements =] GENIVAR

  18. Slide 18: Items Requiring a Vote

    Items Requiring a Vote =] GENIVAR

  19. Slide 19: Election of Directors

    Election of Directors =] GENIVAR

  20. Slide 20: Election of Directors

    20 Election of Directors RICHARD BÉLANGER GRANT MCCULLAGH MARC RIVARD PIERRE SECCARECCIA PIERRE SHOIRY PIERRE SIMARD LAWRENCE SMITH

  21. Slide 21: Marc Rivard

    21 Marc Rivard  Chief Operating Officer of GENIVAR  25 years of experience in the engineering services industry  B. Sc. in Electrical Engineering from the University of New Brunswick  Member of the Professional Engineers of Ontario and the Ordre des Ingénieurs du Québec

  22. Slide 22: Election of Directors

    Election of Directors =] GENIVAR

  23. Slide 23: Election of Directors

    23 Election of Directors RICHARD BÉLANGER GRANT MCCULLAGH MARC RIVARD PIERRE SECCARECCIA PIERRE SHOIRY PIERRE SIMARD LAWRENCE SMITH

  24. Slide 24: Appointment of Auditors

    Appointment of Auditors =] GENIVAR

  25. Slide 25: Appointment of Auditors

    25 Appointment of Auditors  PricewaterhouseCoopers LLP/s.r.l./s.e.n.c.r.l., Chartered Accountants

  26. Slide 26: Management Team Presentation

    Management Team Presentation

  27. Slide 27: Pierre Shoiry, President and Chief Executive Officer

    Pierre Shoiry President and Chief Executive Officer

  28. Slide 28: Our Projects at a Glance

    28 Our Projects at a Glance

  29. Slide 29: Gaspé Mines, a Winning Project

    29 Gaspé Mines, a Winning Project

  30. Slide 30: Gaspé Mines, a Winning Project

    30 Gaspé Mines, a Winning Project The rehabilitation of the Gaspé Mines has “set a benchmark for future mine decommissioning projects.”

  31. Slide 31: Our Success is about our Employees

    31 Our Success is about our Employees Hydrogeologist Accounting clerk Office Manager Coordinator Project Assistant Environmental Scientist Project Engineer Manager Software analyst Electrical Engineer Environmental Engineer CAD Technician Agronomist Economist Chief Engineer Assistant Director Team l

  32. Slide 32: Our Employees: The Key to Our Success

    Ou Ou Ou r Success The Source of r Pride r Employees: fhe Key to 32

  33. Slide 33: Our Values

    33 Our Values CLIENT-FOCUS RESPECT EMPOWERMENT TEAM WORK

  34. Slide 34: 2011 Organic Growth by Region

    34 2011 Organic Growth by Region 46,5% 4,2% (-0.7)% (-1.0)% Atlantic Canada Quebec Western Canada Ontario

  35. Slide 35: 2011 Net Revenues by Geography

    35 2011 Net Revenues by Geography Quebec 47% International 2% Atlantic Canada 4% Ontario Western 27% Canada 20%

  36. Slide 36: 2011 Organic Growth by Market Segment

    36 2011 Organic Growth* by Market Segment 11,2% 10,2% 0,6% (-1.4)% (-2.6)% Industrial & Environment Municipal Transportation Building Energy Infrastructure *On net revenues

  37. Slide 37: 2011 Net Revenues by Market Segments

    37 2011 Net Revenues by Market Segments Environment Municipal 10% Infrastructure 17% Industrial & Energy 19% Transportation 23% Building 31%

  38. Slide 38: Acquisitions: 2011/2012 Activities

    38 Acquisitions: 2011/2012 Activities 51 targets 32 LOI 10 transactions in 2011 3 transactions in 2012 Delcom – Décibel – WHW Architects* – Dakins – JMH Environmental – OptiVert – Arcop* – ISAC – Giroux – AE Consultants* Consultores Regionales Associados-CRA – GRB - Smith Carter* * Business partners

  39. Slide 39: A Diversified Customer Base

    39 A Diversified Customer Base  2011 net revenues mix: 52% Public – 48% Private  More than 8,000 clients and more than 17,500 projects ongoing

  40. Slide 40: Targeting New Markets

    40 Targeting New Markets 400 employees 15 employees

  41. Slide 41: Acquisitions: Our Recipe for Success

    41 Acquisitions: Our Recipe for Success Performing and accretive companies Complementary SUCCESSFUL TRANSACTIONS activities and services SUCCESSFUL ACQUISITIONS Successful and respected in their fields Strong portfolio of projects and client base Share our vision and corporate culture 41

  42. Slide 42: Why Consolidation?

    42 Why Consolidation?  Offer better services to our clients  Increase the array of services offered to our clients  Leverage the regional expertise around the globe

  43. Slide 43: Our International Value Proposal

    43 Our International Value Proposal Market and expertise synergies will create potential revenue increase Favorable financial conditions (currency, valuation) EBITDA growth potential Opportunity to increase margins over the long term Culture and values

  44. Slide 44: Alexandre L'Heureux, Chief Financial Officer

    Alexandre L’Heureux Chief Financial Officer

  45. Slide 45: Solid Net Revenues

    45 Solid Net Revenues +12.7% $529,0 $469,5 $395,3 $320,1 $206,6 $128,0 2006 2007 2008 2009 2010 2011 In millions CAD $, for the years ended December 31

  46. Slide 46: Increased EBITDA

    46 Increased EBITDA $89,7 $83,5 $78,6 $68,6 $42,2 $26,0 2006 2007 2008 2009 2010 2011 In millions CAD $, for the years ended December 31

  47. Slide 47: Q1 2012 Net Revenues

    47 Q1 2012 Net Revenues $137,2 $126,7 +8.3% Q1 2011 Q1 2012 In millions $ CAD

  48. Slide 48: Q1 2012 EBITDA

    48 Q1 2012 EBITDA $21,3 $20,0 Q1 2011 Q1 2012 In millions $ CAD

  49. Slide 49: Q1 Net Earnings and Net EPS

    49 Q1 Net Earnings and Net EPS - Capital Raised in December 2011 Has Been Accretively Deployed NET EARNINGS NET EPS $7,2 $0,28 $10,1 $8,9 +13.0% $0,34 - 8.8% $0,31 Q1 2011 Q1 2012 Q1 2011 Q1 2012 Adjusted net earnings Adjusted net EPS Effect of one time deferred income taxe recovery Effect of one ti

  50. Slide 50: Capital Structure Overview

    50 Capital Structure Overview Q1 2012 x Q1 2012 % Cap ($M) TTM EBITDA Total Debt 40.0 8.1% 0.44x Cash (52.6) (10.7%) (0.58x) Net Debt (12.6) (2.6%) (0.14x) Equity 504.8 102.6% 5.55x Total Capitalization 492.2 100.0% 5.41x 50

  51. Slide 51: The Resources to Grow

    51 The Resources to Grow  Canada’s top two institutional investors (CPPIB and CDPQ) have invested a gross amount of $159,705,000 in GENIVAR in December 2011  Steady free cash flow generation: $60.3 million in 2011  We also have access to $275.0 million revolver credit facilities  Annual dividend

  52. Slide 52: Conclusion

    Conclusion =A GENIVAR

  53. Slide 53: Questions and Answers

    Questions and Answers

GENIVAR — Shareholder Meeting (2012) on 6ix