Investor Presentation
What Sets Us Apart
Q1 2023 Revenue
+12.8% Y/Y
Disciplined and
strategic
revenue growth
o Record 2022
Revenue $2.4B;
growth through
strategic
acquisitions,
diversification of
service offerings
and cross-selling.
o Resilient revenue
streams in high
demand sectors,
with a balanced
public/private
client mix.
Q1 2023 TTM Adj.
EBITDA 4.1%
Positive
momentum on
margin growth
o Minimal exposure
to high-risk lump
sum turn-key
projects
• Increased
specialized, self-
perform
capabilities, focus
on higher-margin
potential sectors
and lower risk and
majority
collaborative
contracts
Record Combined
Backlog
Growing
recurring
revenue
。 2023 first quarter-
end Backlog $2.7B,
Pending Backlog
$3.0B
o Risk-balanced
contracts across
sectors and
geographies
o >$1.1B recurring
revenue contracts
at end of first
quarter 2023
Q1 2023 Working
Capital +20% Y/Y
Strong balance
sheet & financial
flexibility
。 Well-positioned
for capital
allocation
priorities
• Very positive
return metrics:
ROE, ROIC,
ROCE(1)
+ Self Perform
Capabilities
Track record of
accretive
M&A
• Successful
integrations,
growing volume of
cross-selling
。 2023 - Trinity
Communications,
key growth market
o 2021 - Dagmar,
delivered strong
post-acquisition
growth
。 2020 -
Transformational
Stuart Olson
Acquisition
bird
+ Growing
National Portfolio
Elevated
sustainability
profile
。 Delivering
energy transition
projects and
sustainable new
build and retrofit
services
。 Implemented
ESG strategy,
positioning for
future reporting
。 2022 ESG
Overview
released May 9,
2023
Outlook: High
single-digit growth
for 2023
Further opportunity
to improve margins
through 2023 & 2024
Strong visibility with
over 70% of
combined backlog in
a collaborative model
www.bird.ca
(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 CONSTRUCTION INC.
Significant portfolio
of sustainability
projects
INVESTOR PRESENTATION
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