Atkinsrealis Group Inc. · TSX:ATRL
Atkinsrealis — SNC-Lavalin Group — Q3 2015 Earnings Presentation
15 slides from Atkinsrealis's earnings presentation, Nov 5, 2015
Slide 1: Third Quarter 2015 Conference Call Presentation
› Third Quarter 2015 › Conference Call Presentation › November 5th, 2015
Slide 2: Agenda
Agenda • Forward-looking Statements › Denis Jasmin, Vice-President, Investor Relations CEO Remarks › Neil Bruce, President and Chief Executive Officer Financial Overview › Alain-Pierre Raynaud, Executive Vice-President and Chief Financial Officer Q&A 2
Slide 3: Forward-looking statements
Forward-looking statements Reference in this presentation, and hereafter, to the “Company” or to “SNC-Lavalin” means, as the context may require, SNC-Lavalin Group Inc. and all or some of its subsidiaries or joint arrangements, or SNC-Lavalin Group Inc. or one or more of its subsidiaries or joint ar
Slide 4: CEO Remarks
CEO Remarks Neil Bruce,, President and Chief Executive Officer
Slide 5: Financial Overview
Financial Overview Alain-Pierre Raynaud, Executive Vice-President and Chief Financial Officer
Slide 6: Third Quarter 2015 Results
Third Quarter 2015 Results › Reported IFRS net income attributable to SNC-Lavalin shareholders of $224.2 million, or $1.49 per diluted share, compared with $60.0 million, or $0.39 per diluted share › Net gain on an ICI disposal of $145.7 million, or $0.96 per diluted share › Adjusted net income from
Slide 7: Third Quarter 2015 Financial Performance
Third Quarter 2015 Financial Performance E&C ICI Total Q3 2015 Q3 2014 Q3 2015 Q3 2014 Q3 2015 Q3 2014 Revenues 2,376 1,761 57 243 2,433 2,004 Segment EBIT 155 66 225 182 380 248 EBITDA, 119 24 221 162 340 186 As reported EBITDA, 138 68 47 166 185 234 Adjusted EBITDA margin 6% 4% n/a n/a 8% 12% Net
Slide 8: Segment EBIT – Q3
Segment EBIT – Q3 (in millions CAD$) +43 2015 Includes a gain on disposal of an 225 ICI of $174M, partially offset by 2014 the sale of AltaLink in Q4 2014 Mainly due to Kentz acquisition, which was 182 completed on Aug. 22, 2014 Q3 2015 included unfav. reforecasts of $16.5M, while Q3 2014 included u
Slide 9: Restructuring Update
Restructuring Update › $13.4 million ($10.2 million after taxes) of charges recorded in Q3, relating to previously announced restructuring and right-sizing plan $21.6 million ($16.6 million after taxes) YTD 2015 › Launched “Step Change” program in October 2015 › Expect to spend a further approximate
Slide 10: Cash flows – Q3 2015
Cash flows – Q3 2015 (in millions CAD$) 1,550 1,500 27 55 1,450 1,400 1,350 1,300 1,250 1,200 174 601 1,456 1 150 1,150 1,100 340 1,050 145 1,000 950 72 900 850 934 0 Cash as at EBITDA From Gain on sale Net decrease in Dividends paid Cash proceed on Net change in Other Cash as at June 30, 2015 E&C (
Slide 11: Revenue backlog
Revenue backlog (in billions CAD$) By Category and Segment 13.0 29% 12.5 56% 15% 12.0 Services O&M Packages 11.5 15% 3% 31% 11.0 Sept. '14 Dec. '14 March '15 June '15 Sept. '15 20% 31% Oil & Gas I&C Power M&M O&M 11
Slide 12: Outlook
Outlook › Maintaining 2015 adjusted EPS from E&C guidance range to $1.30 to $1.60 per diluted share Expects to be at the lower end of the range › Increasing 2015 reported IFRS EPS guidance range to $2.40 to $2.70 from $1.80 to $2.10 per diluted share Mainly due to the third quarter net gain on dispo
Slide 13: Net income reconciliation – Q3
Net income reconciliation – Q3 (in millions CAD$ except per share amount) Thrid Quarter Ended September 30, 2015 Charges related to the Acquisition of Kentz Net income, restructuring Net gain on ICI Net income, as reported and right-sizing plan Acquisition-related disposals adjusted Amortization of
Slide 14: Net income reconciliation – 9 months
Net income reconciliation – 9 months (in millions CAD$ except per share amount) Nine Months Ended September 30, 2015 Charges related to the Acquisition of Kentz Net income, restructuring Net gain on ICI One-time net foreign Net income, as reported and right-sizing plan Acquisition-related disposals
Slide 15: Questions & Answers
») Questions & Answers