Investor Presentation
Risk Balanced Business Model Generating Growth and Profitability
Growing TTM Revenue and healthy EBITDA Margin
5-Year Revenue and Adjusted EBITDA Margin
in millions of Canadian dollars
2,438 10%
$2,500
$2,000
1,627
9%
2,251
8%
7%
bird
Improving margins through increased self-perform activity,
strategic organic growth, acquisitions, and diligent cost
management.
Revenue growth through increased organic and acquisitive
diversification, greater depth of cross-selling, strong market
demand.
Percentages of Full Year 2022 Revenue: $2.4B
Public Private Partnership
2%
Design-Build-Finance
Higher risk
5%
Complex Design-Build
56%
$1,500
6%
5.9%
Industrial 42%
1,436
1,349
5%
4.1%
4.7%
$1,000
4%
TTM EBITDA Margin includes
Commercial
CEWS recoveries
15%
3%
3.0%
$500
$0
1.0%
Revenue (TTM)
2%
Institutional
43%
1%
Adj. EBITDA Margin (TTM)
2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
(1) Refer to the Disclaimer slides for more information on Terminology and Non-GAAP & Other Financial Measures.
www.bird.ca
0%
Sectors
Stipulated Sum
Unit Price
Specified Design-Build
36%
Construction Management
Integrated Project Delivery
Lower risk
Cost-Plus
Contract Types
BIRD CONSTRUCTION INC. INVESTOR PRESENTATION
11View entire presentation