WE ARE WSP November 2014 2 WSP AT A GLANCE The leading global - - PowerPoint PPT Presentation

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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


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November 2014

WE ARE WSP

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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)

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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

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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

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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

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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

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CANADA

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Hawkesbury Wastewater Treatment Plant – WSP project

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US, SOUTH AMERICA AND THE CARIBBEAN

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Port of Miami tunnel - Parsons Brinckerhoff project

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EUROPE, MIDDLE EAST, INDIA, AFRICA

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London Bridge Station – WSP project

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ASIA PACIFIC

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Australia - New Zealand Jacinth Ambrosia Mine- Parsons Brinckerhoff project

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FINANCIAL DATA

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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%

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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

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THANK YOU!

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