Slide 1: Q1 2026 Results Presentation
Q1 2026 May 14, 2026 Results Presentation
Slide 2: Cautionary statement
Cautionary statement This presentation contains non-IFRS and other financial measures and forward-looking statements, including a discussion of our business targets, expectations, and outlook. We caution readers not to place undue reliance on our forward- looking statements since a number of factors
Slide 3: Solid First Quarter 2026
Solid First Quarter 2026 Q1 2026 Net Revenue Profile $1.7B 9.1% Global Net revenue increase* 25% Organic Growth1 $287M 13.8% 3.6% Adjusted EBITDA increase* US 16.9% 70 bps 53% Acquisition Growth1 Adjusted EBITDA margin increase* 7.2% $1.33 14.7% Canada Adjusted EPS increase* 22% * Compared to Q1 202
Slide 4: United States
United States $millions, unless otherwise stated $893 2.8% Organic Growth 10.9% $805 12.5% Net revenue Acquisition growth Q1 2025 Q1 2026 Q1 2026 Highlights • Water achieved double-digit organic growth due to large wastewater treatment projects. • Work on a major hydropower dam project contributed t
Slide 5: Canada
Canada $millions, unless otherwise stated $376 1.1% Organic Growth 1.1% $372 Net revenue Q1 2025 Q1 2026 Q1 2026 Highlights • Strong organic growth in Water was driven by biosolids projects and continued momentum on wastewater solution projects. • Robust organic net revenue growth was also achieved
Slide 6: Global
Global $millions, unless otherwise stated $426 7.9% Organic Growth 13.2% $376 2.8% Net revenue Acquisition growth Q1 2025 Q1 2026 Q1 2026 Highlights • Industry-leading Water business delivered 15% organic growth through long-term framework agreements and public sector investment in water infrastruct
Slide 7: Real impact.
Real impact. Our 2025 $5.5B 68% in revenue tied to sustainable of our total work supports more Sustainability Report outcomes sustainable communities Our strategy. Our impact. Our shared story. Recognized leadership. A- 4 years Climate Leadership Carbon neutral — score — 8 consecutive years 4 years
Slide 8: Q1 2026 Financial Performance
Q1 2026 Financial Performance Vito Culmone Executive Vice President and Chief Financial Officer 8
Slide 9: Q1 2026 Financial results
Q1 2026 Financial results $millions, unless otherwise stated Gross and Project margin Adjusted EBITDA and Adjusted net revenue and % of NR margin as % of NR1 earnings per share1 $2,068 $1,924 54.0% $1,694 54.3% $1,553 $914 $844 16.9% 16.2% $287 $1.33 $252 $1.16 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 202
Slide 10: Cash flow, liquidity and capital resources
Cash flow, liquidity and capital resources $millions, unless otherwise stated Operating Capital returned Days sales outstanding cash flow to shareholders Target < 75 days 77 77 73 73 74 69 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 $101 Net debt to adjusted EBITDA1 $68 $26 $24 Target Range 1.5
Slide 11: Backlog, Major Projects & Outlook
Backlog, Major Projects & Outlook Gord Johnston President and Chief Executive Officer 11
Slide 12: Backlog
Backlog $billions, unless otherwise stated $9.0 $8.0 Year-Over-Year: $1.7 $1.4 5.4% Organic Growth $5.4 9.1% $4.8 Acquisition growth 13.2% Net revenue $1.8 $1.9 Global United States Q1 2025 Q1 2026 Canada Gross Reservoir 12 Colorado, United States
Slide 13: Recent major project awards
Recent major project awards Stantec’s Buildings team was Stantec’s Infrastructure team, part of In Chile, Stantec’s Energy & selected to provide design services a JV, was selected to lead the design Resources team was selected to for a multibillion-dollar of the first fully electric light rail provi
Slide 14: 2026 Financial targets
2026 Financial targets 2026 Annual Range Net revenue growth 8.5% to 11.5% Adjusted EBITDA as % of net revenue1 17.6% to 18.2% Adjusted net income as % of net revenue1 at or above 9.5% Adjusted EPS growth1 15% to 18% Adjusted ROIC1 above 13% 1. Adjusted EBITDA, adjusted net income, adjusted EPS, and
Slide 15: Question Period
TK WSE Question Period