Investor Presentaiton
What Sets Us Apart
Q2 2023 Revenue
+19.0% 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.
Q2 2023 TTM Adj.
EBITDA 4.2%
Positive
momentum on
margin growth
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.
+19% YTD Growth in
Combined Backlog
Significant
recurring revenue
contracts
o 2023 second
quarter-end Backlog
$3.0B, Pending
Backlog $3.1B.
o Risk-balanced
contracts across
sectors and
geographies.
o $1.1B recurring
revenue contracts
at end of second
quarter 2023.
Q2 2023 Working
Capital +10% Y/Y
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
• Successful
integrations,
growing volume of
cross-selling.
o 2023 - Trinity
Communications,
key growth market.
o 2021 - Dagmar,
delivered strong
post-acquisition
growth.
。 2020 -
Transformational
Stuart Olson
Acquisition.
bird
+ Growing Energy
Transition 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.
2023 Outlook: Low
double-digit organic
growth for 2023
www.bird.ca
Further opportunity
to improve margins
through 2023 & 2024
Strong future revenue
visibility with over 70%
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 CONSTRUCTION INC.
Significant portfolio
of sustainability
projects
INVESTOR PRESENTATION
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