Investor Presentaiton
Sustained Momentum, Revenue Growth, Record Combined Backlog
Confidence in 2023 margin improvements
Significant y/y revenue growth
and positive outlook for improved
earnings
$ Growing combined Backlog and
Pending Backlog, strengthening
margin profile with collaborative,
lower-risk projects, and significant
self-perform work
Healthy liquidity position with
strong operational cash flows.
funding growth and supporting
strategic investments in
productivity and capex
Q2 2023 Highlights
$686.4M
Q2 2023 Revenue
$29.5M
Adjusted EBITDA (2)
$3.0B
Backlog(1)
19.0%
$15.7M
bird
$0.26
$0.29
$13.7M
Year-over-year
growth
Net Income
EPS
4.3%
Adjusted EBITDA
Margin (1)
$3.1B
~$1.0B
Pending Backlog(1)
Securements
Q2 2023 Revenue Disaggregation
Construction Management
Integrated Project Delivery
Cost-Plus
46%
Adjusted Earnings (2) Adj. EPS (1)
$80M
Y/y increase in cash
flows from op. activities
Stipulated Sum
Unit Price
Public Private
Partnership
Design-Build-Finance
Complex Design-Build
Specified Design-Build
44% 6% 4%
www.bird.ca
(1) Refer to the Disclaimer slides for more information on Terminology and Non-GAAP & Other
Financial Measures.
(2) Adjusted Earnings and Adjusted EBITDA are non-GAAP financial measures. Refer to the
Disclaimer slides for more information on Terminology and Non-GAAP & Other Financial Measures.
Lower risk
Higher riskView entire presentation