Slide 1: Investor Presentation Q4 & FY2025
Investor Presentation Q4 & FY2025
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- INVESTOR PRESENTATION looking statements sin
Slide 3: Global leader in sustainable engineering, design, and environmental services
24% 24% Global leader in sustainable Global Canada engineering, design, and environmental services 2025 Net Revenue by Reportable Segment INVESTOR PRESENTATION TSX / NYSE Locations Employees3 STN 450+ 34,000+ Locations 52% United States Net Revenue1 EV2 Market Cap2 $6.5B C$16.6B C$14.4B US$12.1B US$
Slide 4: Stantec's value proposition
Stantec’s value proposition • Diverse business lines and customers INVESTOR PRESENTATION • Well-positioned for organic growth • Global leader in sustainability • Strong culture & technical expertise • Disciplined capital allocation strategy Loyola Dr. Interchange Design Build Project 4 Kenner, LA, U
Slide 5: Execution of our strategy drives strong results
Execution of our strategy drives strong results Net Revenue Adjusted EBITDA Adjusted EPS ($ millions) & Margin ($ per share) ($ millions & %) 17.6% INVESTOR PRESENTATION $6,495 $5,867 $1,144 16.7% $5.30 $5,066 $980 16.4% $4.42 $4,457 16.2% $831 $724 $3.67 $3.13 2022 2023 2024 2025 2022 2023 2024 202
Slide 6: Business Operating Units overview
Business Operating Units overview 2025 net revenue of $6.5 billion INVESTOR PRESENTATION Water Environmental Infrastructure Buildings Energy & Resources Services $1.4B 22% $1.1B 17% $1.7B 26% $1.5B 24% $0.8B 11% 6
Slide 7: Water
$1.4B 2025 Net Revenue 2025 Net Revenue Water Resources Wastewater Treatment Conveyance By sector INVESTOR PRESENTATION Water Treatment Wet Weather Flow & Urban Stormwater Stantec is recognized as a global leader in Industrial Water the Water business, with over 70 years Client Enterprise Solutions
Slide 8: Environmental Services
$1.1B 2025 Net Revenue 2025 Net Revenue Buildings Power & Dams Water By sector INVESTOR PRESENTATION Oil & Gas Mining Environmental Services helps preserve Community Development and minimize impacts to environmental, Transportation social and cultural resources • Environmental Services provides a wi
Slide 9: Infrastructure
$1.7B 2025 Net Revenue 2025 Net Revenue Roadways Land Development Bridges & Structures By sector INVESTOR PRESENTATION Transit & Rail Urban Places & Parks Infrastructure is a leader in transport and Open Spaces Ports & Marines system design and community development • Stantec’s Infrastructure group
Slide 10: Buildings
$1.5B 2025 Net Revenue 2025 Net Revenue Commercial Civic Healthcare By sector Industrial Buildings INVESTOR PRESENTATION Mission Critical Facilities Education/Institutional Buildings ranked #1 in Architecture and Workplace/Office & Science & Engineering for the last 14 years1 Technology Airports & A
Slide 11: Energy & Resources
$0.8B 2025 Net Revenue 2025 Net Revenue Power & Energy By sector Mining INVESTOR PRESENTATION Waterpower & Dams Oil & Gas Energy & Resources plays a critical role in energy transition • Stantec’s Energy & Resources group delivers utility-scale and microgrid renewable energy generation engineering an
Slide 12: Backlog
Backlog $billions, unless otherwise stated YEAR-OVER-YEAR 9.5% $8.6 GROWTH: $7.8 INVESTOR PRESENTATION 3.6% $1.7 $1.4 ORGANIC $4.7 $5.1 8.1% ACQUISITION $1.7 $1.8 Global United States Canada Q4 2024 Q4 2025 UC Davis Health, Health Administrative Services Building Sacramento, CA, USA 12
Slide 13: Regional 2026 Outlook
Organic growth expected to be in the mid to high single digit range in each of our Regional 2026 Outlook geographies, driven by: United States • Growth is expected to rebound in 2026 supported by strong demand across all business lines INVESTOR PRESENTATION Canada • Driven by public sector spending
Slide 14: 2026 Financial targets
2026 Financial targets 2026 Annual Range INVESTOR PRESENTATION 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 diluted EPS growth1 15% to 18% Adjusted ROIC1 above 13% 1. Adjusted EBITDA, adjusted
Slide 15: Three-year Financial Targets
Three-year Financial Targets Stantec’s Targets (End Of 2026) INVESTOR PRESENTATION 2026 Net revenue $7.5 billion Focus on execution and efficiencies Organic net revenue 3-Year CAGR1 above 7% will drive margin enhancement Project margin as % of net revenue1 53% to 56% Providing strong return economic