Q4 and Full Year 2023 Investor Presentation
2024 Outlook:
Sustained Profitable
Growth Momentum
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Substantial 2023 organic Revenue growth and Gross Profit and Adjusted
EBITDA margin accretion provide good momentum entering 2024.
Backlog of contracted work exceeded $3.4 billion, an all-time high for Bird,
while Pending Backlog was $3.0 billion of expected future work including a
robust portfolio of recurring revenue contracts approximating $1.1 billion.
Combined backlog reflects higher embedded margins resulting from Bird's
disciplined project selection, diverse mix of complex projects, and focus on
collaboration and cross-selling.
The combination of Backlog and Pending Backlog, along with a significant
volume of attractive opportunities actively being pursued, provide Bird with
significant visibility into future revenues and profitability.
Top line organic growth is expected to continue through 2024,
with seasonal patterns favouring the second half of the year.
The Company anticipates significant improvements to earnings
and cashflow.
Continuing strategic focus on Adjusted EBITDA margin accretion,
Bird expects Adjusted EBITDA and earnings per share growth to outpace
organic revenue growth in 2024.
2023 Achievements
+18%
Revenue
Growth
% 5.0%
EBITDA
+19%
Gross Profit
Growth
+44%
Net Income
Growth
$3.6B
2023 Securements
Q4 and Full Year 2023 Investor Presentation
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