Slide 1: WSP at a Glance
WSP AT A GLANCE 2016 Engineering and Construction Conference March 29, 2016
Slide 2: A Leading Global Professional Consulting Firm
2 A LEADING GLOBAL PROFESSIONAL CONSULTING FIRM Top PM/CM firm - # 1 Top “pure play” firm - # 2 • Transportation - # 2 Focus on professional • Buildings - # 4 services (no construction risk) • Power - # 4 Solid technical expertise Global presence Best services engineer Diversified across var
Slide 3: Our Diversified Platform Supports Our Strategy
3 OUR DIVERSIFIED PLATFORM SUPPORTS OUR STRATEGY Americas Transportation 30% and Infrastructure 47% EMEIA 38% Property and Buildings 31% Canada 18% Industrial and Energy 15% APAC Environment 14% Industrial 7% 7% Power and Energy 4% Oil and Gas 3% Mining 1%
Slide 4: Our Positioning in Value Chain
4 OUR POSITIONING IN VALUE CHAIN MATERIALS AND EQUIPMENT WE HAVE A HORIZONTAL ENGINEERED SUPPLIERS PRODUCTS FEE-FOR-SERVICE MODEL PROJECT/ PROGRAM OPERATION AND PLANNING DESIGN MAINTENANCE MANAGEMENT FOR CONSTRUCTION GOVERNMENTS CONTRACTORS ARCHITECTS AND AGENCIES AND DEVELOPERS
Slide 5: Key 2015 Achievements
5 KEY 2015 ACHIEVEMENTS Size of the firm Strong global organic doubled growth and results Acquisitions in Improvement of Canada , the Nordics underlying operations and the United States margins
Slide 6: A Solid and Sustained Performance
6 A SOLID AND SUSTAINED PERFORMANCE NET REVENUES** ADJUSTED EBITDA** SOLID BALANCE SHEET (NET DEBT/ADJUSTED EBITDA**) 4 850,0* 490,0* 4 486,8 441,5 CAGR CAGR 52% 64% 253,5 2 349,9 1 677,2 180,6 125,4 1 020,1 2,0 1,8 1,8 1,5 12 13 14 15 16E 12 13 14 15 16E 12 13 14 15 * Mid-point of 2016 guidance pro
Slide 7: 2015 Strategic Plan Scorecard
7 2015 STRATEGIC PLAN SCORECARD Measure 2015 Target range Result Net revenues* Between $4,100 million and $4,600 million Adjusted EBITDA* Between $390 million and $430 million Tax rate Approximately 25% Between 20% to 29%, the first quarter Seasonality and adjusted EBITDA* fluctuations being t
Slide 8: Looking Ahead
BeWSP | BABYeore
Slide 9: 2016 Outlook
9 2016 OUTLOOK Net revenues* Between $4,600 million and $5,100 million Adjusted EBITDA* range Between $465 million and $515 million Q1: 16% to 18%1 ) Seasonality and adjusted EBITDA* Q2: 24% to 26% fluctuations Q3: 31% to 33% Q4: 28% to 30% Tax rate 26% to 28% DSO* 80 to 85 days Amortization of inta
Slide 10: Focus on Organic Growth and Margin Improvement
10 FOCUS ON ORGANIC GROWTH AND MARGIN IMPROVEMENT ORGANIC GROWTH Additional services to existing clients and new client Partner with contractors and developers for alternative delivery and P3 projects Build on our world-class position in specific market segments Develop emerging regions with
Slide 11: 2016 Operational Outlook
11 2016 OPERATIONAL OUTLOOK Country/Region 2016 organic growth Canada United States United Kingdom Nordics Middle East Africa Australia Asia/China
Slide 12: 2018 Strategic Plan and Objectives Reaffirmed
12 2018 STRATEGIC PLAN AND OBJECTIVES REAFFIRMED OPERATIONAL EMPLOYEES EXCELLENCE CLIENTS GROWTH • 45,000 • 10% • $1.3B • 11% EMPLOYEES REVENUES THROUGH EBITDA FROM ACQUISITIONS MARGIN GLOBAL CLIENTS • 5% • >1 ANNUAL CASH FLOW / ORGANIC NET INCOME GROWTH • < 85 DAYS • $6.0B DSO NET REVENUES
Slide 13: Well-Defined M&A Targets and Process
13 WELL-DEFINED M&A TARGETS AND PROCESS GEOGRAPHIES SECTORS • US • Tier 1 • South America Transportation, Buildings, Infrastructure, • Central and Northern Europe Environment • UK • Canada • Tier 2 Power/Energy, Industrial, • Australia Water/Wastewater TARGETING/IDENTIFICATION INTEGRATION DISCUSSION
Slide 14: Why Invest in WSP?
14 WHY INVEST IN WSP? Strong and experienced management team Diversified business model with full service capabilities Recurrent revenue and strong cash flow generation Leadership positions in attractive end markets Good organic growth opportunities Well-defined growth strategy Proven
Slide 15: Thank You
BeWSP | BABYeore