November 2014
WE ARE WSP November 2014 2 WSP AT A GLANCE The leading global - - PowerPoint PPT Presentation
WE ARE WSP November 2014 2 WSP AT A GLANCE The leading global - - PowerPoint PPT Presentation
WE ARE WSP November 2014 2 WSP AT A GLANCE The leading global design advisory company, with revenues from professional services. Everybody bigger than us has other related activities and at least $2bn of their revenues from
WSP AT A GLANCE
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The leading global design advisory company, with revenues from professional services. Everybody bigger than us has other related activities and at least $2bn of their revenues from construction activities We plan, design, engineer and manage buildings, transport, infrastructure, industrial, environmental and energy projects
$4.5B 2013 Revenues* $296M 2013 EBITDA* $1.9B Backlog
*2013 pro forma (including Parsons Brinckerhoff)
A TRUE GLOBAL PLAYER
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*Including special administrative regions of Macau and Hong Kong SAR
31,500 Employees 500 Offices 39 Countries
A LOW RISK CONSULTING BUSINESS MODEL
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Infrastructures (Transportation/ Municipal Infra) 46% Buildings 25% Industrial/ Energy 21% Environment 8%
Industrialized: 85% Emerging (Colombia, Middle East, Africa and Asia): 15%
1WSP’s 2014 LTM net revenues data is pro forma to include Focus, which was acquired in April 2014
Geographic Net Revenues Breakdown1
Canada 21% U.S. 27% U.K. 16% Europe 12% Australia 9% Asia 7% Rest of World 8%
A Diversified Expertise
FAVORABLE LONG-TERM DRIVERS
PROPERTY/ BUILDINGS Economic growth Population growth Social infrastructure Commercial development INFRASTRUCTURE Urbanization Mobility Aging transportation assets Aging water/waste water infrastructure Impacts of climate change as opportunities within the water market INDUSTRIAL & ENERGY Natural resources Power demand Asset productivity Technology Industry ENVIRONMENT Climate change Sustainability Permitting Social acceptability Corporate governance
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PARSONS BRINCKERHOFF, LEVERAGING REVENUE SYNERGY OPPORTUNITIES
TWO SIMILAR OPERATING MODELS
TRANSPORTATION ASIA PACIFIC SOUTH AMERICA CANADA USA AMERICAS EMEIA UK CENTRAL EUROPE MIDDLE EAST & INDIA
CORPORATE GROUP
NORDICS AUSTRALIA/NZ GREATER CHINA AFRICA SOUTH EAST ASIA MINING BUILDINGS ENVIRONMENT OIL AND GAS ENERGY AND POWER
Corporate group Regions with local P&L and support functions Global and regional market leaders
WATER
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COMPLEMENTARY EXPERTISE ACROSS REGIONS
8 BUILDINGS INFRASTRUCTURE INDUSTRIAL
AND ENERGY
ENVIRONMENT
U.S.
- Canada
- U.K./Europe
- Australia/NZ
- Asia
- ROW
- INCREASED REGIONAL OPPORTUNITIES IN EACH REGION
AND SEGMENT WHERE BOTH FIRMS OPERATE
- WSP
- Parsons Brinckerhoff
MAIN AREA OF EXPERTISE PER REGION
CANADA
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Hawkesbury Wastewater Treatment Plant – WSP project
US, SOUTH AMERICA AND THE CARIBBEAN
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Port of Miami tunnel - Parsons Brinckerhoff project
EUROPE, MIDDLE EAST, INDIA, AFRICA
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London Bridge Station – WSP project
ASIA PACIFIC
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Australia - New Zealand Jacinth Ambrosia Mine- Parsons Brinckerhoff project
FINANCIAL DATA
KEY Q3 2014 FINANCIAL DATA*
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*WSP on a standalone basis, prior to Parsons Brinckerhoff transaction which closed on October 31, 2014
$630.7 M Revenues +28.6% $537.4 M Net revenues +31.8% $66.4 M EBIDTA +32.3% $1.9 B Backlog +2.7%
ADDITIONAL FINANCIAL CONSIDERATIONS*
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Acquisition immediately mid-single digit accretive to WSP’s EPS, with accretion increasing to mid-teens once synergies are fully realized Pro forma Net Debt / Normalized EBITDA at approximately 2x at closing, in line with WSP’s target level of 1.5x-2x 88,464,083 shares outstanding No change to dividend policy
THANK YOU!
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