Wsp Global Inc · TSX:WSP
Wsp Global — Q3 2021 Earnings Presentation
22 slides from Wsp Global's earnings presentation, Nov 9, 2021
Slide 1: Q3 2021 Results
Q3 2021 Results November 9, 2021
Slide 2: Cautionary Statement and Non-IFRS Measures
Q3 2021 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: Performance in Line with Improved Guidance
Q3 2021 Results PERFORMANCE IN LINE WITH IMPROVED GUIDANCE • Organic revenue growth in all segments • Favorable results from 3 recent acquisitions • Healthy backlog and strong project pipeline
Slide 4: Q3 2021 Key Events
WS) Q3 2021 Key Events
Slide 5: Staying True to Our Purpose
Q3 2021 Results STAYING TRUE TO OUR PURPOSE • Golder continues to deliver results above expectations, fueling continued advancement in the Earth & Environment services sector • Overall proposal activity continues to be robust 5 • With the Congressional passage of the bipartisan Infrastructure Invest
Slide 6: Major Q3 2021 Project Wins - United States
Q3 2021 Results MAJOR Q3 2021 PROJECT WINS - UNITED STATES U.S. Navy's Shipyard Infrastructure Optimization program • Supporting the U.S. Navy’s Shipyard Infrastructure Optimization Program (SIOP), through a joint venture for improvements to dry docks at Pearl 6 Harbor Naval Shipyard and Intermediat
Slide 7: Major Q3 2021 Project Wins - Nordics
Q3 2021 Results MAJOR Q3 2021 PROJECT WINS - NORDICS Energy Island • Denmark is establishing the world's first energy islands, marking the beginning of a new era for large-scale offshore wind power. 7 • WSP will undertake all environmental base line investigations (birds, bats, marine mammals, fish
Slide 8: Major Q3 2021 Project Wins - APAC
Q3 2021 Results MAJOR Q3 2021 PROJECT WINS - APAC Road to Zero - Speed & Infrastructure Program • Providing investigation, design and construction supervision for road safety improvement projects across a series of corridors in New Zealand. 8 • Providing environmental site investigations, geological
Slide 9: Q3 2021 Overview
WS) Q3 2021 Overview
Slide 10: Regional Overview: Canada
Q3 2021 Results Q3 2021 REGIONAL OVERVIEW: CANADA • 7.3% organic growth in net revenues by segment • 23.8% adjusted EBITDA margin by segment • Backlog* organic growth of 15.6% since December 31, 2020 Net revenues* breakdown - Q3 2021 Earth & Environment 42% 10 Industry 1% Resources 9% Power & Proper
Slide 11: Regional Overview: Americas
Q3 2021 Results Q3 2021 REGIONAL OVERVIEW: AMERICAS • 3.9% organic growth in net revenues by segment • 21.4% adjusted EBITDA margin by segment • Backlog* organic growth of 0.2% since December 31, 2020 with significant growth in contract awards not yet included in backlog Net revenues* breakdown - Q3
Slide 12: Regional Overview: EMEIA
Q3 2021 Results Q3 2021 REGIONAL OVERVIEW: EMEIA • 4.5% organic growth in net revenues by segment • 15.2% adjusted EBITDA margin by segment • Backlog* organic growth of 7.5% since December 31, 2020 Net revenues* breakdown - Q3 2021 Earth & Environment 12% 12 Property & Industry Buildings 2% 33% Powe
Slide 13: Regional Overview: APAC
Q3 2021 Results Q3 2021 REGIONAL OVERVIEW: APAC • 2.5% organic growth in net revenues by segment • 21.1% adjusted EBITDA margin by segment • Backlog* organic growth of 9.9% since December 31, 2020 Net revenues* breakdown - Q3 2021 Property & Buildings 13 31% Earth & Environment 18% Resources 4% Powe
Slide 14: Q3 2021 Financial Performance
Q3 2021 Financial 14 Performance
Slide 15: In Line Performance and Narrowed Financial Guidance
Q3 2021 Results IN LINE PERFORMANCE AND NARROWED FINANCIAL GUIDANCE • Adjusted EBITDA margin* of 18.6% in Q3 2021, up 100 bps vs Q3 2020 • Earnings before net financing expense and income taxes of $221.2 million in Q3 2021 • Free cash flow* of $276.2 million for the nine-month period ended Sept. 25t
Slide 16: Revenues and Net Revenues
Q3 2021 Results REVENUES AND NET REVENUES* REVENUES NET REVENUES* +24.0% +20.1% $2,650.2 $2,137.8 $2,026.6 16 $1,687.6 Q3 2020 Q3 2021 Numbers are quoted in millions of dollars (except percentages). *Non-IFRS measure. This measure is defined in section 19, “Glossary of non-IFRS measures and segment
Slide 17: Profitability
Q3 2021 Results PROFITABILITY EARNINGS BEFORE NET FINANCING EXPENSE ADJUSTED EBITDA* ($) AND ADJUSTED EBITDA MARGIN* (%) AND INCOME TAXES +27.1% $377.7 +53.4% 17 $297.1 $221.2 17.6% 18.6% $144.2 Q3 2020 Q3 2021 Numbers are quoted in millions of dollars (except percentages). *Non-IFRS measure. This m
Slide 18: Net Earnings
Q3 2021 Results NET EARNINGS NET EARNINGS ATTRIBUTABLE TO SHAREHOLDERS ADJUSTED NET EARNINGS* (in millions of $ and per share) (in millions of $ and per share) +36.4% +33.3% $179.7 18 $139.0 $131.7 $104.3 $0.92 $1.18 $1.16 $1.53 per share per share per share per share Numbers are quoted in millions
Slide 19: Backlog
Q3 2021 Results BACKLOG* $10,032.4 +19.1% Backlog $9,632.4 growth from December 31, 2020 of which 5.5% is organic growth 19 $8,505.8 $8,421.3 $8,430.9 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Numbers are quoted in millions of dollars (except percentages). * Non-IFRS measure. This measure is defined i
Slide 20: Days Sales Outstanding (DSO)
Q3 2021 Results DAYS SALES OUTSTANDING (DSO)* 73 72 70 68 20 63 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 * Non-IFRS measure. This measure is defined in section 19, “Glossary of non-IFRS measures and segment reporting measures” of WSP's management's discussion and analysis for the quarter and nine-mon
Slide 21: We are confident that we will achieve our 2019-2021 strategic ambitions
Q3 2021 Results We are confident that we will achieve our 2019-2021 strategic ambitions. Our aim We will We will strive to remains to be a continue to All in view Our clients provide an top-tier player build upon our of becoming remain at the environment in every sector diversified and in which we t
Slide 22: Q&A
Q&A