Q4 and Full Year 2023 Investor Presentation
What Sets Us Apart
Q4 2023 Revenue
+22% Y/Y
Disciplined and
strategic
revenue growth
• Strong organic
revenue growth
within a wide
range of sectors.
o Diverse revenue
streams in high-
demand, higher-
margin sectors,
with a balanced
public/private
client mix.
。 Continued focus
on organic and
M&A growth
Full Year 2024
Adj. EBITDA 5.0%
Continued focus
on margin
accretion
o Minimal exposure
to high-risk lump
sum turn-key
projects and
interest rate
sensitive sectors.
• Increased
specialized, self-
perform
capabilities, focus
on higher-margin
potential sectors
and collaborative
contracts.
+26% Growth in
Combined Backlog
Growing, diverse
combined
backlog
o 2023 Year End
Backlog $3.4B,
Pending Backlog
$3.0B.
o Risk-balanced
contracts across
sectors and
geographies.
o ~$1.1B recurring
revenue contracts,
with future growth
through NorCan
acquisition.
2023 Working
Capital +27% from
Dec. 31, 2022
Strong balance
sheet & financial
flexibility
。 Well-positioned
for capital
allocation
priorities.
。 Very positive
return and capital
efficiency metrics:
Current Ratio,
ROE, ROIC,
ROCE(1)
Track Record for
Strong Integration
and Retention
Track record of
accretive
M&A
o 2024 - NorCan,
key market for
recurring revenue
growth.
o 2023 - Trinity
Communications,
key growth market.
o 2021 - Dagmar,
delivered strong
post-acquisition
growth.
。 2020 -
Transformational
Stuart Olson
Acquisition.
Robust Backlog of
Sustainability-related
Projects
Elevated
sustainability
profile
。 Delivering
energy transition
projects and
sustainable new
build and retrofit
services.
。 Implemented
ESG strategy,
positioning for
future reporting.
。 2023 ESG
Overview to be
released May 14,
2023.
Positioned for
continued revenue
growth through 2024
EBITDA Margin is
expected to further
improve through
2024
Strong future revenue
visibility with over 75%
of combined backlog
in a collaborative
model
(1) Financial metrics: Return on Equity (ROE), Return on Invested Capital (ROIC), Return on Capital Employed (ROCE).
Positioned for
growth and
positive FCF
generation
Accretive, tuck-ins in
key sectors; remain
open to large
opportunities and
will be opportunistic
Bird's ESG program
remains aligned to
business, client, and
industry demands.
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