Slide 1: Q1 2015 results
Q1 2015 results May 12 , 2015
Slide 2: Q1 2015 Performance
2 Q1 2015 PERFORMANCE Strong organic growth across all segments Margin increase of almost 1% a compared to Q1 2014, in legacy WSP business Strong backlog representing 9.6 months of revenues Integration progressing as planned
Slide 3: Update on Parsons Brinckerhoff Integration
3 UPDATE ON PARSONS BRINCKERHOFF INTEGRATION Unified budgetary process Unified financial reporting structure Benchmarking of operations worldwide DURING THE QUARTER, C$2.8 M IN INTEGRATION COSTS ON TRACK TO DELIVER EXPECTED US$25M COST SYNERGIES, HALF OF WHICH IS EXPECTED TO BE REALIZED BY THE
Slide 4: Regional Organic Growth Performance
REGIONAL ORGANIC GROWTH* PERFORMANCE REGION PERFORMANCE 3.4% organic growth Canada Encouraging activity in Quebec and positive momentum in Ontario Expected slowdown in Alberta (oil and gas) US 10.2% organic growth ccrd integration to drive revenue synergies UK 13.2% organic growth Sweden 11.0% organ
Slide 5: Acquisitions
ACQUISITIONS REGION FIRM EMPLOYEES SPECIALTY Environment Geotechnical Canada SPL 250 Buildings science Sweden FLK Sverige AB 50 Mechanical
Slide 6: Revenues and Net Revenues
6 REVENUES AND NET REVENUES Revenues Net Revenues +132.6% +174.6% 1,403.7 1,024.8 511,1 440,6 Q1 14 Q1 15 Q1 14 Q1 15
Slide 7: EBITDA and EBITDA Margin
7 EBITDA AND EBITDA MARGIN 85,3 +102.6% 42,1 9.6% 8.3% Q1 14 Q1 15
Slide 8: Net Earnings Attributable to Shareholders and EPS
8 NET EARNINGS ATTRIBUTABLE TO SHAREHOLDERS AND EPS* Net Earnings EPS +83.8% +9.1% 31,8 17,3 0,33 0,36 Q1 14 Q1 15 Q1 14 Q1 15 *Excluding non-underlying items (net of income taxes)
Slide 9: Financial Expenses
9 FINANCIAL EXPENSES 10,7 3,6 Q1 14 Q1 15
Slide 10: Financial Position and Net Debt/TTM EBITDA Ratio
10 FINANCIAL POSITION AND NET DEBT/TTM EBITDA RATIO (in millions of dollars) Q1 2015 Financial liabilities $1,068.5 Less: Cash and ($187.0) cash equivalents Net debt $881.5 TTM EBITDA $296.8 Net debt / TTM EBITDA 2.97x Net debt /TTM EBITDA, incorporating full 12-month EBITDA for 2.15x all acquisitio
Slide 11: Stable DSO
11 STABLE DSO 85 86 85 82 STABLE 77 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015
Slide 12: Backlog
12 BACKLOG 9.6 months 4,674.4 of revenues 3,935.1 1,832.2 1,881.8 1,723.1 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 In millions $
Slide 13: Dividend and Payout Ratio
13 DIVIDEND AND PAYOUT RATIO Q1 2015 EPS* $0.36 Funds from operations per share* $0.74 Dividend declared $0.375 Dividend paid net of DRIP $0.18 PAYOUT RATIOS* - Dividend declared on funds from operations* 51% - Dividend paid net of DRIP on EPS 50% * Excluding non-underlying items
Slide 14: 2015 Outlook
2015 OUTLOOK PARSONS g=»WSP | BRINCKERHOFF
Slide 15: 2015 Outlook Reiterated
2015 OUTLOOK REITERATED Between $4,100 million Net revenues and $4,600 million Between $390 million EBITDA margin range and $430 million Tax rate Approximately 25% From 20% to 29%, the first Seasonality and EBITDA fluctuations quarter being the lowest and the third quarter being the highest Free cas
Slide 16: Questions and Answers
QUESTIONS AND ANSWERS PARSONS g=»WSP | BRINCKERHOFF