Stantec Inc · TSX:STN
Stantec — Q3 2025 Earnings Presentation
14 slides from Stantec's earnings presentation, November 2025
Slide 1: Investor Presentation Third Quarter 2025
Investor Presentation Third Quarter 2025
Slide 2: Cautionary statement
Cautionary statement This presentation contains non-IFRS and other financial measures and forward-looking statements, including a discussion of our business targets, expectations, and outlook. We caution readers not to place undue reliance on our forward- INVESTOR PRESENTATION looking statements sin
Slide 3: Global leader in sustainable engineering, design, and environmental services
24% 24% Global leader in sustainable Global Canada engineering, design, and environmental services Q3 2025 TTM Net Revenue by Reportable Segment INVESTOR PRESENTATION TSX / NYSE Locations Employees3 STN 450+ 34,000+ Locations 52% United States Net Revenue1 EV2 Market Cap2 $6.3B C$18.3B C$15.9B US$12
Slide 4: Stantec's value proposition
Stantec’s value proposition • Diverse business lines and customers INVESTOR PRESENTATION • Well-positioned for organic growth • Global leader in sustainability • Strong culture & technical expertise • Disciplined capital allocation strategy Loyola Dr. Interchange Design Build Project 4 Kenner, LA, U
Slide 5: Execution of our strategy drives strong results
Execution of our strategy drives strong results Net Revenue Adjusted EBITDA Adjusted EPS ($ millions) & Margin ($ per share) ($ millions & %) INVESTOR PRESENTATION $6,334 17.5% $5,867 $5.16 16.7% $1,107 $5,066 $980 $4.42 16.4% $4,457 16.2% $831 $3.67 $724 $3.13 2022 2023 2024 Q3 2025 2022 2023 2024
Slide 6: Business Operating Units overview
Q3 2025 TTM Business Operating Units overview net revenue of $6.3 billion INVESTOR PRESENTATION Water Environmental Infrastructure Buildings Energy & Resources Services $1.4B 22% $1.1B 18% $1.7B 27% $1.4B 22% $0.7B 11% 6
Slide 7: Water
$1.4B Q3 2025 TTM Net Revenue Q3 2025 Net Revenue Water Resources Wastewater Treatment Conveyance By sector INVESTOR PRESENTATION Water Treatment Wet Weather Flow & Urban Stormwater Stantec is recognized as a global leader Industrial Water in the Water business, with 70 years Client Enterprise Solut
Slide 8: Environmental Services
$1.1B Q3 2025 TTM Net Revenue Q3 2025 Net Revenue Buildings Power & Dams Water By sector INVESTOR PRESENTATION Oil & Gas Mining Environmental Services helps preserve Community Development and minimize impacts to environmental, Transportation social and cultural resources • Environmental Services pro
Slide 9: Infrastructure
$1.7B Q3 2025 TTM Net Revenue Q3 2025 Net Revenue Roadways Land Development By sector INVESTOR PRESENTATION Transit & Rail Bridges & Structures Infrastructure is a leader in transport Urban Places & Parks and Open Spaces system design and community development • Stantec’s Infrastructure group is at
Slide 10: Buildings
$1.4B Q3 2025 TTM Net Revenue Q3 2025 Net Revenue Commercial Civic Healthcare By sector Industrial Buildings INVESTOR PRESENTATION Educational/Institutional Mission Critical Facilities Buildings ranked #1 in Architecture and Workplace/Office & Science & Engineering for the last 13 years1 Technology
Slide 11: Energy & Resources
$0.7B Q3 2025 TTM Net Revenue Q3 2025 Net Revenue Power & Energy By sector Mining INVESTOR PRESENTATION Waterpower & Dams Oil & Gas Energy & Resources plays a critical role in energy transition • Stantec’s Energy & Resources group delivers utility-scale and microgrid renewable energy generation engi
Slide 12: Backlog
Backlog $billions, unless otherwise stated YEAR-OVER-YEAR 14.9% $8.4 GROWTH: INVESTOR PRESENTATION 5.6% $7.3 $1.6 $1.4 ORGANIC $4.2 $5.1 6.8% ACQUISITION $1.7 $1.7 Global United States Canada Q3 2024 Q3 2025 201 Portage Podium Redevelopment 12 Winnipeg, MB, Canada
Slide 13: Revised 2025 financial targets
Revised 2025 financial targets Previously 2025 Published Range Annual Range INVESTOR PRESENTATION Net revenue growth 10% to 12% 10% to 12% Adjusted EBITDA as % of net revenue1 17% to 17.4% 17.2% to 17.5% Adjusted net income as % of net revenue1 above 8.8% above 8.8% Adjusted diluted EPS growth1 18.5
Slide 14: Three-year Financial Targets
Three-year Financial Targets Stantec’s Targets (End Of 2026) INVESTOR PRESENTATION 2026 Net revenue $7.5 billion Focus on execution and efficiencies Organic net revenue 3-Year CAGR1 above 7% will drive margin enhancement Project margin as % of net revenue1 53% to 56% Providing strong return economic