Wsp Global Inc · TSX:WSP
Wsp Global — Q1 2022 Earnings Presentation
19 slides from Wsp Global's earnings presentation, May 11, 2022
Slide 1: Q1 2022 Results
Q1 2022 Results May 11, 2022
Slide 2: Cautionary Statement and Non-IFRS Measures
Q1 2022 Results CAUTIONARY STATEMENT AND NON-IFRS MEASURES CAUTIONARY STATEMENT • Certain information regarding WSP contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, strategic ambitions, objectives, expectations, opinions, forecasts,
Slide 3: Q1 2022 Highlights
WS) Q1 2022 Highlights
Slide 4: Robust Q1 2022 Results
Q1 2022 Results ROBUST Q1 2022 RESULTS • Strong start to the year ◦ Double-digit organic net revenue growth ◦ Significant increase in backlog 4 ◦ Solid improvement in adjusted EBITDA, adjusted EBITDA margin and adjusted net earnings per share • Solid foundation for the start of our new strategic cyc
Slide 5: Major Q1 2022 Project Wins - Canada
Q1 2022 Results MAJOR Q1 2022 PROJECT WINS - CANADA 5 GO Expansion – On-Corridor Works Project • This project will transform GO Rail from a peak period commuter service to an all-day, frequent metro-style service, operating in both directions and provide significant improvements to rail service in t
Slide 6: Major Q1 2022 Project Wins - Europe
Q1 2022 Results MAJOR Q1 2022 PROJECT WINS - EUROPE Offshore Innovative Energy Hub • WSP was awarded the Offshore Environmental Baseline project and the management of the permitting process for the AGNES project, an offshore innovative energy hub developed in the Adriatic Sea. 6 • AGNES includes the
Slide 7: Major Q1 2022 Project Wins - Australia
Q1 2022 Results MAJOR Q1 2022 PROJECT WINS - AUSTRALIA Hospital Redevelopment • This redevelopment will transform services at the hospital – delivering a new 12 storey clinical services tower and main entrance, an additional 130 beds and new mental health and oncology services. 7 • Once completed, t
Slide 8: Q1 2022 Overview
WS) Q1 2022 Overview
Slide 9: Q1 2022 Regional Overview: Canada
Q1 2022 Results Q1 2022 REGIONAL OVERVIEW: CANADA • 22.4 % organic growth in net revenues • 19.6 % adjusted EBITDA margin by segment, a 420 bps increase compared to Q1 2021 • Organic backlog(1) growth of 13.2% in the twelve-month period Net revenues breakdown - Q1 2022 Earth & Environment 39% 9 Indu
Slide 10: Q1 2022 Regional Overview: Americas
Q1 2022 Results Q1 2022 REGIONAL OVERVIEW: AMERICAS • 12.6 % organic growth in net revenues • 16.9 % adjusted EBITDA margin by segment, a 70 bps increase compared to Q1 2021 • Organic backlog growth of 17.8% in the twelve-month period Net revenues breakdown - Q1 2022 Earth & Environment 10 26% Prope
Slide 11: Q1 2022 Regional Overview: EMEIA
Q1 2022 Results Q1 2022 REGIONAL OVERVIEW: EMEIA • 5.7 % organic growth in net revenues • 15.4 % adjusted EBITDA margin by segment, a 10 bps contraction compared to Q1 2021 • Organic backlog growth of 14.0% in the twelve-month period Net revenues breakdown - Q1 2022 11 Earth & Environment 13% Indust
Slide 12: Q1 2022 Regional Overview: APAC
Q1 2022 Results Q1 2022 REGIONAL OVERVIEW: APAC • 20.3 % organic growth in net revenues • 16.4 % adjusted EBITDA margin by segment, a 140 bps increased compared to Q1 2021 • Organic backlog growth of 14.9% in the twelve-month period Net revenues breakdown - Q1 2022 Property & Buildings 12 30% Earth
Slide 13: Q1 2022 Financial Performance
Q1 2022 Financial 13 Performance
Slide 14: Revenues and Net Revenues
Q1 2022 Results REVENUES AND NET REVENUES REVENUES NET REVENUES(1) +28.8% +26.0% $2,711.8 $2,104.8 $2,100.0 14 $1,666.8 Q1 2021 Q1 2022 Numbers are quoted in millions of dollars (except percentages). (1) Quantitative reconciliations of net revenues to revenues are incorporated by reference to sectio
Slide 15: Profitability
Q1 2022 Results PROFITABILITY EARNINGS BEFORE NET FINANCING EXPENSE ADJUSTED EBITDA(1) ($) AND ADJUSTED EBITDA MARGIN(1) (%) AND INCOME TAXES +34.7% +21.9% $324.6 15 $241.0 $157.2 $129.0 14.4% 15.5% Numbers are quoted in million of dollars (except percentages). Q1 2021 Q1 2022 (1) Non-IFRS financial
Slide 16: Net Earnings
Q1 2022 Results NET EARNINGS NET EARNINGS ATTRIBUTABLE TO SHAREHOLDERS ADJUSTED NET EARNINGS(1) +44.8% +8.1% $136.4 $95.0 $94.2 $87.9 16 $0.77 $0.80 $0.83 $1.16 per share per share per share per share Q1 2021 Q1 2022 Numbers are quoted in million of dollars (except percentages and per share amounts)
Slide 17: Backlog
Q1 2022 Results BACKLOG(1) $11,021.4 $10,425.6 $10,032.4 +15.8% $9,632.4 organic backlog growth in the twelve-month period 17 $8,430.9 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Numbers are quoted in millions of dollars (except percentages). (1) This presentation incorporates by reference section 19, “
Slide 18: Days Sales Outstanding (DSO)
Q1 2022 Results DAYS SALES OUTSTANDING (DSO)(1) 73 70 70 68 66 18 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 (1) This presentation incorporates by reference section 19, “Glossary of segment reporting, non-IFRS and other financial measures”, of WSP’s MD&A for the quarter ended April 2, 2022, filed on SE
Slide 19: Q&A
Q&A