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Leaders in Sustainability

19 2022 OUTLOOK STN TSX-NYSE 2022 Outlook Strong trends back robust multi-year growth outlook Targets Net revenue growth Adjusted EBITDA as % of net revenue (1) 2022 Annual Range Geography United States 18% to 22% 15.3% to 16.3% Adjusted net income as % of net revenue(1) At or above 7.5% Canada Adjusted ROIC(1) Above 10.5% . 2022 regional outlook High single digit organic growth Record backlog US stimulus spending in H2 2022 • Low single-digit organic growth Reflecting high levels of activity carrying over from 2021 High-single to low double digit organic growth Strong economic recovery Stimulus funds (1) Adjusted EBITDA, adjusted net income, adjusted ROIC, and adjusted diluted EPS are non-IFRS and other financial measures (discussed in the Definition section of our 2021 Annual Report). Global 2022 Adjusted diluted EPS(1) expected to grow by 22% to 26%
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