Q4 and Full Year 2023 Investor Presentation slide image

Q4 and Full Year 2023 Investor Presentation

bird Business Strategy Profitability. Discipline. Diversification and Growth. The Company plans to retain in excess of two-thirds of net income to support continued growth beyond 2024. Profitability Margin Accretion Strategy The Company remains focused on margin accretion by leveraging the following: Disciplined project selection Risk-balanced mix of projects Collaborative contracts Improving margins in core businesses M&A in sectors with accretive margin profiles Growth in higher margin sectors (more complex work) Increase self-perform and cross-selling of additional Bird scopes and services Growing recurring revenue at accretive margins Gaining leverage on cost structure Diversification and Growth Organic Growth Strategy Bird continues to leverage its strong reputation as a partner of choice for complex projects to support growth. Industrial growth in Ontario and BC Grow mechanical and electrical nationally Grow to a national, full-service civil infrastructure and utilities provider Expand nuclear portfolio Growth in energy transition and electrification-related projects Data-related facilities and infrastructure M&A Strategy M&A targets sectors with specialized capabilities and higher-margin potential, with a strong cultural fit. Expanding full-service offering and cross-selling additional services and scopes to existing clients Growing recurring revenue opportunities Target capabilities: Civil infrastructure (specialized and light civil), process mechanical, electrical, MRO services, utilities (telecom, advanced wireless, underground), nuclear, and renewables Q4 and Full Year 2023 Investor Presentation 7
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