Slide 1: Q4 & F2023 Results
Q4 & F2023 Results February 28, 2024
Slide 2: Cautionary Statement and Non-IFRS Measures
CAUTIONARY STATEMENT AND NON-IFRS MEASURES CAUTIONARY STATEMENT — Certain information regarding WSP Global Inc. ("WSP" or the "Corporation") contained herein is not based on historical facts and may constitute forward-looking statements or forward-looking information under Canadian securities laws (
Slide 3: F2023 Highlights
3 Q4 & F2023 Results F2023 Highlights
Slide 4: F2023 Highlights
F2023 HIGHLIGHTS Revenues reaching the high end of $14.4B (+21% vs 2022 ) Revenues Management's revised outlook range Net revenue is up 22% or nearly $2B resulting from strong organic $10.9B (+22% vs 2022 ) growth of 7.3% and strategic acquisitions Net Revenues(1) $1,921.3M (+26% vs 2022 ) Adjusted
Slide 5: Recent Industry Awards and Accolades
RECENT INDUSTRY AWARDS AND ACCOLADES Included in Corporate Knights’ prestigious ranking of the Global 100 Most Sustainable Corporations in the World for 2024, as the 12th most sustainable corporation. 5 Earned placement on the Dow Jones Sustainability North America Index in 2023 for the first time.
Slide 6: Project Wins – Canada
PROJECT WINS – CANADA — WSP is providing full multi-disciplinary engineering and design services on Volkswagen’s first overseas gigafactory for cell manufacturing, with an annual production facility of 90 GWh, and will provide electric batteries for the North 6 American market. — The planned investm
Slide 7: Project Wins – United States
PROJECT WINS – UNITED STATES — Propel NY Energy is a collaboration of the New York Power Authority and New York Transco. — The project will build out the transmission grid in New York, 7 contributing to the achievement of New York's clean energy transition goal of nearly 70% renewable energy sources
Slide 8: Project Wins – United Kingdom
PROJECT WINS – UNITED KINGDOM — WSP has been appointed by National Gas (NGT) to lead the development of best practice guidelines for designing a new hydrogen network structure in the UK. — The partnership will facilitate the 8 exploration of new approaches to design as well as adaption of existing a
Slide 9: Overview
9 Q4 & F2023 Results F2023 Overview
Slide 10: Fiscal 2023 Regional Overview – Canada
FISCAL 2023 REGIONAL OVERVIEW – CANADA 6.8% 22.7% 5.1% organic growth in adjusted EBITDA organic backlog net revenues margin by growth* segment Net Revenues Breakdown – Fiscal 2023 10 Industry Power & Energy 5% Transport & 5% Infrastructure 29% Project Coyote represents only one of WSP in Q4 & F2023
Slide 11: Fiscal 2023 Regional Overview – Americas
FISCAL 2023 REGIONAL OVERVIEW – AMERICAS 7.4% 19.8% 6.3% organic growth in adjusted EBITDA organic backlog net revenues margin by growth* segment 11 Net Revenues Breakdown – Fiscal 2023 Power & Energy Property & 4% Buildings Q4 & F2023 Results 16% WSP is the implementation lead and provides specialt
Slide 12: Fiscal 2023 Regional Overview – EMEIA
FISCAL 2023 REGIONAL OVERVIEW – EMEIA 6.5% 15.3% 9.7% organic growth in adjusted EBITDA organic backlog net revenues margin by growth* segment Net Revenues Breakdown – Fiscal 2023 12 Industry Power & Energy 2% 7% Transport & Infrastructure Q4 & F2023 Results 43% WSP is the lead engineer for low-carb
Slide 13: Fiscal 2023 Regional Overview – APAC
FISCAL 2023 REGIONAL OVERVIEW – APAC 9.3% 18.1% 4.1% organic growth in adjusted EBITDA organic backlog net revenues margin by contraction* segment Net Revenues Breakdown – Fiscal 2023 13 Power & Energy Industry 2% 1% Q4 & F2023 Results WSP is providing multidisciplinary services Property & including
Slide 14: Financial Performance
14 Q4 & F2023 Financial Performance Q4 & F2023 Results
Slide 15: Revenues and Net Revenues
REVENUES AND NET REVENUES +21.0% +21.7% +4.6% $14,437.3 +7.9% 15 $11,932.9 $10,897.0 $8,957.2 Q4 & F2023 Results $3 560.8 $3 724.3 $2 553.7 $2 756.0 Revenues Net Revenues Q4 2022 Q4 2023 Fiscal 2022 Fiscal 2023 Numbers are quoted in millions of dollars (except percentages and per-share amounts).
Slide 16: Profitability
PROFITABILITY +26.5% +25.6% +13.9% +17.6% +55 bps $1,921.3 16 $1,530.2 Q4 & F2023 Results $ 947.5 $ 749.1 +150 bps 17.6% $524.9 $446.4 17.1% $185.3 $211.0 19.0% 17.5% Earnings before net financing expense and income taxes Adjusted EBITDA ($) and adjusted EBITDA margin (%) Q4 2022 Q4 2023 Fiscal 2022
Slide 17: Net Earnings and Adjusted Net Earnings
NET EARNINGS AND ADJUSTED NET EARNINGS +27.4% +24.2% $ 860.0 +8.8% +18.4% $ 692.6 17 $ 550.0 $ 431.8 $6.90 $5.75 per Q4 & F2023 Results per share share $247.8 $ 209.3 $120.0 $130.6 $1.99 $1.68 per per share share Net earnings attributable to shareholders Adjusted net earnings Q4 2022 Q4 2023 Fiscal
Slide 18: Days Sales Outstanding (DSO)
DAYS SALES OUTSTANDING (DSO)(1) 85 83 81 79 18 77 77 18 76 75 Q4 & F2023 Results 75 74 (1) DSO is a supplementary financial measure without a standardized definition within 73 IFRS, which may not be comparable to 73 similar measures presented by other issuers. This presentation incorporates by refer
Slide 19: Closing Remarks
Q4 & F2023 Results 19 Closing Remarks