GENIVAR
Q2 2012 RESULTS
August 10, 2012
2
HIGHLIGHTS OF
THE QUARTER
REVIEW OF OPERATIONS
FINANCIAL RESULTS
STRONG
GROWTH FOR
QUARTER
MARGINS
IMPACTED BY
COMPETITIVE
ENVIRONMENT
BACKLOG
INCREASE
3
Q2 2012 ACHIEVEMENTS
GENIVAR
We have strong operations
• Strong organic growth in Quebec and Atlantic Canada
•
Double digit growth
• Healthy activity in France and Colombia
•
Largest contract ever awarded in the history of GENIVAR
• Strategic alliance with North 46 Architecture Inc.
•
Atlantic-based firm specialized in architecture
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4
STRONGER TOGETHER
WSP + GENIVAR
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FINANCED THROUGH
DEBT AND EQUITY
GENIVAR
• $225.0 million bought deal
• $197.1 million private placement (CPPIB and La Caisse)
• $400.0 million revolving credit facility
• Implementation of a Dividend Reinvestment Plan
• 34.3% of common shares enrolled
• Dividend declared, to be paid in October
• Net cash to be spend lowered to approximately $12.4 million
• Cash payout on EPS at a very reasonable level
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6
Q2 2012 REVENUES AND
NET REVENUES
STRONG GROWTH
Revenues
Net Revenues
$149.6
$181.2
$131.1
$157.5
+14.1%
+15.0%
Q2 2011
In millions $ CAD
Q2 2012
Q2 2011
Q2 2012
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Q2 2012 ADJUSTED EBITDA
MARGINS EXPECTED
TO INCREASE IN H2 12
$21.6
16.5%
NET REVENUES
Q2 2011
In millions $ CAD
$21.0
14.1%
NET REVENUES
Q2 2012
8
Q2 2012 ADJUSTED NET EARNINGS
AND NET EARNINGS PER SHARE
INCLUDE TRANSACTION COSTS
ADJUSTED NET EARNINGS
$9.9
$8.6
ADJUSTED EPS
$0.38
$0.26
Q2 2011
Q2 2012
Q2 2011
26,021,567 shares
in Q2 2011
In millions $ CAD (except per share data)
Q2 2012
32,856,856 shares
in Q2 2012
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Q2 2012 DAYS SALES
OUTSTANDING*
GENIVAR
116
117
110
108
105
Below
100
102
+5.5%
+8.0%
Q1 2011
Q2 2011
*DSO in Canada only
Q3 2011
Q4 2011
Q1 2012
Q2 2012
End of
year
objective
10
Q2 2012 ADJUSTED FUNDS
FROM OPERATIONS
STRONG GENERATION
$16.3
$0.63
ADJUSTED FUNDS
FROM OPERATIONS
PER SHARE
Q2 2011
26,021,567 shares
in Q2 2011
In millions $ CAD (except per share data)
$15.2
$0.46
ADJUSTED FUNDS
FROM OPERATIONS
PER SHARE
Q2 2012
32,856,856 shares
in Q2 2012
11
Q2 2012 BACKLOG
GENIVAR
$427.8
$454.0
$419.3
$468.8*
$409.6
8.0
MONTHS
OF REVENUE
+
$130M
SOFT BACKLOG
Master Service Agreements
& Standing Offers
Q2 2011
Q3 2011
In millions $ CAD
* Not including Colombian contract
Q4 2011
Q1 2012
Q2 2012
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A STRONG PLATFORM
FOR GROWTH
WSP + GENIVAR
13
OUTLOOK
WSP + GENIVAR
A positive outlook
• Strong backlog
• Solid pipeline
• Q3 results to include two months of WSP contribution
• Q4 results to be the first full quarter of the combined entity
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INTEGRATION FOCUSED ON
CROSS-SELLING OPPORTUNITIES
WSP + GENIVAR
INTEGRATION COMMITTEES
MANDATE
•
• ENTERPRISE RISK
MANAGEMENT - INSURANCE
AND GOVERNANCE
Capture the upside by focusing
on revenue synergies, while
efficiently managing back-office
integration
•
Fostering a collaborative
approach
• INTERNAL AUDIT
•
Open all communication
channels
• FINANCE
• LEGAL, TAX AND TREASURY
• IT
• COMMUNICATIONS
• HUMAN RESOURCES
• BUSINESS DEVELOPMENT
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Lou Ruvo Centre, Las Vegas
QUESTIONS
Providenciales International Airport,
Turks and Caicos Islands
Bridge on the 100th Street
and 15th Avenue, Bogota - Colombia