Investor Presentation
in millions of Canadian Dollars
Capital Allocation Highlights
Balancing profitable growth, significant financial strength,
investments in the business and M&A
Cash Generation
M&A
bird
CON
ISTRUCTIO
INC.
Operating Cashflow (1)
$140
Positioned to execute on the right
M&A opportunities
$120
$100
$80
$60
$114
$103
$40
$72
$20
$19
$18
2020 2021
2022
2022 Q1 2023 Q1
90% Cash/
10% Equity
$30
Capex
$25
$20
$15
$28
$10
$14
$5
$12
$5
$8
$-
2020
2021
2022
2022 Q1 2023 Q1
TRINITY
DAGMAR
AJAX-ONT
Post acquisition
growth and
strong profitability
stuartolson
Opportunistic on the right larger
scale acquisitions
Dividends
10% dividend increase -
on positive outlook in
December 2022
Increased monthly dividend
commenced with March 2023
dividend, paid in April
Expected dividend payout ratio
below 40% of net income for
the year
$ $0.0358
per month, per share
(1) Operating cash flow - Refer to the consolidated statement of cash flows - "Cash flows from operations before changes in non-cash working capital".
(2) Capital expenditures ("Capex") - Refer to the consolidated statement of cash flows - "Additions to property and equipment and intangible assets".
www.bird.ca
BIRD CONSTRUCTION INC.
INVESTOR PRESENTATION
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