Atkinsrealis Group Inc. · TSX:ATRL
Atkinsrealis — Q2 2026 Earnings Presentation
22 slides from Atkinsrealis's earnings presentation, Aug 6, 2026
Slide 1: Q2 Conference Call Presentation
Q2 CONFERENCE CALL PRESENTATION August 6, 2026
Slide 2: Forward-Looking Statements, Forward-Looking Financial Information and Outlook
2 Forward-Looking Statements, Forward-Looking Financial Information and Outlook References in this presentation to the “Company”, “AtkinsRéalis”, “we”, “us” and “our” mean, as the context may require, AtkinsRéalis Group Inc. and all or some of its subsidiaries or joint arrangements or associates, or
Slide 3: Second Quarter Highlights
3 Second Quarter Highlights ▪ Significant organic revenue growth ▪ Strong increase in Adjusted EBITDA 10.0% 8.3% Revenue growth (YoY) Organic revenue growth1 (YoY) ▪ Strong increase in Adjusted diluted EPS ▪ Backlog remains strong with new record-high in Engineering Services $271M $293M Regions (10%
Slide 4: Engineering Services Regions
4 Engineering Services Regions 2.2% 16.4% Organic revenue (vs 15.7% Q2 2025) growth1 (YoY) Segment Adjusted EBITDA margin2 Revenue3 ($M) Backlog3 ($M) +5% +3% 1,858 1,950 13,358 13,000 Q2 2025 Q2 2026 30-Jun-25 30-Jun-26 1Organic revenue growth is a non-IFRS ratio. Please refer to endnote 1 on slide
Slide 5: Canada
5 Canada Revenue ($M) +13% 12.7% 366 413 Organic revenue growth1 (YoY) Transportation Buildings & Power & Places Renewables 18.0% (vs. 15.1% Q2 2025) Q2 2025 Q2 2026 Backlog ($M) Segment Adjusted EBITDA margin2 Industrial Defence Water -5% 7,966 7,587 Q2 Key Highlights ▪ Positive outlook and growth
Slide 6: UKI
6 UKI Revenue ($M) +8% 6.4% 670 721 Organic revenue growth1 (YoY) Transportation Defence Buildings & Places 18.0% (vs. 17.2% Q2 2025) Q2 2025 Q2 2026 Backlog ($M) Segment Adjusted EBITDA margin2 Water Power & +8% Renewables 1,937 2,100 Q2 Key Highlights ▪ Robust demand across core markets, driven by
Slide 7: USLA
7 USLA Revenue ($M) +3% (2.2)% 512 529 Organic revenue contraction1 (YoY) Transportation Buildings & Industrial Places 14.5% (vs. 13.7% Q2 2025) Q2 2025 Q2 2026 Backlog ($M) Segment Adjusted EBITDA margin2 Water Minerals & +12% Metals 1,779 1,992 Q2 Key Highlights ▪ New record-high backlog with pros
Slide 8: AMEA
8 AMEA Revenue ($M) (12.3)% 309 -7% 287 Organic revenue contraction1 (YoY) Transportation Buildings & Industrial Places 14.2% (vs. 16.3% Q2 2025) Q2 2025 Q2 2026 Backlog ($M) Segment Adjusted EBITDA margin2 Power & Defence +27% Renewables 1,679 1,318 Q2 Key Highlights ▪ Record-high backlog, includin
Slide 9: Nuclear
9 Nuclear 18.1% 11.5% 25.6% Organic revenue (vs 11.2% Q2 2025) (vs 25.4% Q2 2025) growth1 (YoY) Segment Adjusted Segment Adjusted EBIT margin2 EBITDA margin3 Revenue ($M) Backlog ($M) +18% -25% 671 5,648 567 4,211 Q2 2025 Q2 2026 30-Jun-25 30-Jun-26 1Organic revenue growth is a non-IFRS ratio. Pleas
Slide 10: Nuclear Q2 Key Highlights
10 Nuclear Q2 Key Highlights CANDU® ▪ Progressing on Canadian and international refurbishment projects and Cernavoda New Build ▪ The Government of Canada recognizes CANDU technology as a key pillar of Canada's energy security, economic competitiveness and leadership as a Tier-1 nuclear nation ▪ Form
Slide 11: CANDU Delivers Revenue Today and into the Future
11 CANDU Delivers Revenue Today and into the Future Total $0.9B $1.9B $3.2B $5.0B $4.2B Dec. 31 Dec. 31 Dec.31 Dec. 31 June 30 Bright Future Nuclear Backlog 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Darlington 1 to 4 Life Extension Bruce 3 to 8 Projects Pickering 5 to 8 Phase 1 Pha
Slide 12: Financial Performance
12 FINANCIAL PERFORMANCE
Slide 13: Q2 Selected Financial Metrics
13 Q2 Selected Financial Metrics in $M, except otherwise indicated Q2 2026 Q2 2025 Change Revenue Revenue Engineering Services Regions1 1,950.2 1,857.9 5% Nuclear 671.2 567.3 18% All other segments 363.9 289.8 26% Total Revenue 2,985.3 2,715.0 10% Profitability Segment Adjusted EBIT Engineering Serv
Slide 14: Cash Flow, Capital Resources and Liquidity
14 Cash Flow, Capital Resources and Liquidity in $M, except otherwise indicated Net Cash Flow from Capital Returned to Net Limited Recourse and Recourse Operating Activities Shareholders and M&A Debt to Adjusted EBITDA Ratio1 Dividends 84 1,177 Buybacks 2025-2027 Target: Acquisitions 1.0x to 2.0x 24
Slide 15: 2026 Revised Outlook
15 2026 Revised Outlook1 Growth Pillars Other Metrics 5 - 7% 16.5 - 17.5% $125M - 135M $175M - 200M Organic Segment Adjusted Corporate selling, Acquisition of revenue EBITDA to segment general and property and equipment growth2 net revenue ratio2 administrative expenses and additions to Engineering
Slide 16: Conclusion
16 CONCLUSION
Slide 17: Conclusion
17 Conclusion ▪ Strong second quarter performance, with record Adjusted EBITDA and Engineering Services backlog ▪ Recognition in the Canadian National Energy Strategy of the importance of homegrown CANDU technology in supporting the country's future energy security and economic growth, strengthens o
Slide 18: Questions & Answers
18 QUESTIONS & ANSWERS
Slide 19: 2025-2027 Financial Targets
19 2025-2027 FINANCIAL TARGETS
Slide 20: Financial Targets 2025-2027
20 Financial Targets 2025-20271 set in 2024, updated May 15, 2025 2 Revised 2025 – 2027 2025 Targets2 Actuals Engineering Services Regions Organic revenue growth3 CAGR 2025 – 2027 Between 5% and 7% 0.9% Initial: >8% Segment Adjusted EBITDA to segment net revenue ratio3 by 2027 Between 17% and 18% 16
Slide 21: Contact us
Contact us Denis Jasmin CPA, F.CIRI Vice-President, Investor Relations +1 514 393 8000 ext. 57553 Send Investor Relations an email: Book a call with Investor Relations: www.atkinsrealis.com/investors
Slide 22: Endnotes
22 Endnotes (See also the cautionary statement regarding non-IFRS financial measures and ratios, supplementary financial measures, total of segments measures and non-financial information at slide 2 of this presentation.) 1. Organic revenue growth (contraction) ratio is a non-IFRS ratio comparing or