Overview March 2018 Our Guiding Principles We value our people - PowerPoint PPT Presentation

Overview March 2018

Our Guiding Principles We value our people and our reputation. 2 We are locally dedicated with international scale. We are future-focused and challenge the status quo. We foster collaboration in everything we do. We have an empowering culture and hold ourselves accountable.

We are Our Brand 3

WSP is… — A global professional service firm headquartered in Canada, specializing in providing technical expertise and strategic advice to clients in the Transport & Infrastructure, Property & Buildings, Environment, Industry & Energy sectors — More than 42,000 employees, active in 40 countries 4 — Generating more than $CAD5.3 billion in net revenues and $CAD555.2 million in adjusted EBITDA in 2017 — A pure play consulting and design firm, no construction risk — Led by an experienced board & management team and supported by long term shareholders

A global player of over 42,000 professionals 8,000 5,140 CANADA NORDICS 7,800 UK 3,400 IRELAND ASIA 720 5 CONTINENTAL EUROPE 7,000 US 4,600 AUSTRALIA NEW ZEALAND 2,220 2,500 620 MIDDLE EAST INDIA CENTRAL & SOUTH SOUTH AMERICA AFRICA

A global player with attractive geographic and business mix 11% 14% 10% 18% ENVIRONMENT APAC INDUSTRY & ENERGY* CANADA 6 By operating By market segment segment 50% 37% 31% 29% TRANSPORT & EMEIA PROPERTY & INFRASTRUCTURE AMERICAS BUILDINGS Percentage of net revenues – Based on Fiscal 2017 results *Includes Industry, Resources and Power & Energy

Our positioning in the infrastructure and construction value chain MATERIALS AND EQUIPMENT ENGINEERED SUPPLIERS PRODUCTS WE HAVE A HORIZONTAL FEE-FOR-SERVICE MODEL 7 CONSTRUCTION SERVICES PLANNING DESIGN (Construction/Project Management) CONTRACTORS AND OPERATION AND ARCHITECTS DEVELOPERS MAINTENANCE

Our expertise is widely recognized 2017 ENR Rankings Top 1 international design firm 8 Top 1 international design firm in transport Top 2 international design firm in buildings

A young and experienced leadership team ROBERT Steeve Robitaille PAUL DOLLIN BRUNO ROY ALEXANDRE OUELLETTE Chief Legal Officer Chief Operating Officer Chief Financial Officer L’HEUREUX and Executive Vice Chief Corporate Services President and CEO President, Mergers Officer and Acquisitions 9 MAGNUS DAVID GREGORY HUGO MAYER TSUI BLASUTTA KELLY Nordics Asia Canada Americas ISABELLE ADJAHI FANNIE JACQUES Senior VP, IR & Communications VP, HR Global TOM SMITH DAVE MARK GUY Property and NAYSMITH MCALISTER TEMPLETON Buildings UK Transport ANZ and Infrastructure

A proven and sustained performance 5,356.6 4,895.1 4,486.8 555.2 499.0 10 441.5 WSP 2,349.9 Acquisition 12.3% 253.5 1,677.2 180.6 PB 9.8% 10.8% Acquisition 1,020.1 10.8% 10.2% 125.4 10.4% 2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017 NET REVENUES* ADUSTED EBITDA* AND ADJUSTED EBITDA MARGIN* * In millions CAD – Non-IFRS measures

Our strategy

Our strategy Where we compete How we compete • Pure play consulting & Four pillars: design firm without construction exposure • Growth (M&A, organic) 12 • Leading presence in Transport & Infrastructure • People & Expertise and Property & Buildings • Operational Excellence • Focus on mature geographies with niche • Clients growth in emerging markets

Where we compete: Advantages of diversification Exposure to various economies and risk mitigation Opportunity to better service local and international clients 13 Access to pool of talent Knowledge sharing Leverage best business practices Communities of practice Cross-selling opportunities Opportunity to develop professionally and international careers Lower-cost design centres

How we compete: our 2015-2018 Strategic Plan CLIETS OPERATIONAL GROWTH CLIENTS EMPLOYEES EXCELLENCE CONSOLIDATE AND EXPAND $6.0B 11% 1 st OUR EXPERTISE IN OUR CORE 14 SECTORS (T&I, P&B, ENV.) CHOICE FOR ALL CLIENTS, NET REVENUES EBITDA MARGIN LARGE OR SMALL OPPORTUNISTIC DEVELOPMENT IN SELECTED $ 1.3B > 100% GEOGRAPHIES 10% IN OTHER SECTORS THROUGH ACQUISITIONS CASH FLOW/NET INCOME OF OUR REVENUES < 85 DAYS F ROM GLOBAL 45,000 5% CLIENTS EMPLOYEES ANNUAL ORGANIC GROWTH DAYS SALES OUTSTANDING (DSO)

Growth: a successful track record of acquisitions More than 100 well-integrated acquisitions since the 2006 IPO 555.2 499.0 5,356.6 441.5 4,895.1 4,486.8 253.5 15 180.6 2,349.9 108.6 1,677.2 89.7 83.5 78.6 68.6 42.2 1,020.1 529.0 26.0 395.3 469.5 320.1 128.0 206.6 14 4 10 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Net revenues EBITDA

Growth: we have a well-defined road map 2006-2017 TODAY 2015-2018 A STRATEGY OF FROM LOCAL TO A TRULY CONTINUITY TO EXPAND NATIONAL, MULTI-DISCIPLINARY 16 OUR STRATEGIC TO INTERNATIONAL FIRM SERVICES OFFERING TO CLIENTS More than 90 acquisitions 42,000 employees Major acquisitions TTM net revenues Our objectives $5.3 B WSP 9,000 people (2012) 45,000 employees TTM adjusted EBITDA Focus 1,800 people (2014) $6.0B in net revenues $552.5 M Parsons Brinckerhoff 13,500 people (2014) ($1.3B through acquisitions) ENR Global Ranking 5% annual organic growth MMM 2,000 people (2015) Top International Design Firms in 11% adjusted EBITDA margin Mouchel 2,000 people (2016) Transportation - #1 Opus 3,000 people (2017) Top International Design Firms - # 1 Continue to consolidate the industry to create the best professional services firm in each of our geography and sector

Growth: the benefits of consolidation CLIETS INTEGRATED SCALE EXPERTISE SERVICES Cover the project Size of project is Acquire best in class lifecycle with full increasing expertise suite of services Financial strength Benefit of 17 is an asset knowledge sharing, collaboration and Offer a one-stop Geographic and cross-selling shop market diversification Access low cost Develop a provide resilience production centers multidisciplinary and improve offering Ability to mobilize competitiveness depth of workforce

Growth: our recipe for successful combinations — Performing and accretive companies — Complementary activities and services — Successful and respected in their fields — Strong portfolio of projects and client base — Share our vision and corporate culture 18

Growth: Acquisitions will be key to our continued success EXPANDING GEOGRAPHICALLY ADDING SPECIFIC EXPERTISE SUBSCALE IN CERTAIN SECTORS 19 EXPANDING SUBSCALE GEOGRAPHICALLY IN CERTAIN SECTORS TRANSPORTATION BUILDINGS INFRASTRUCTURE ENVIRONMENT

We have the resources to grow Q4 2017 (in $M,CAD) Financial liabilities $1,229.9 Less: Cash ($185.1) Net debt $1,044.8 20 TTM adjustedEBITDA* $555.2 Net debt / TTM adjustedEBITDA* (adjusted for 12-month net revenues for 1.8x all acquisitions) Adequate flexibility to pursue our acquisition growth strategy * In millions CAD – Non-IFRS measures

2018 Outlook

2018 Outlook Net revenues* Between $5,700 million and $5,900 million Adjusted EBITDA* Between $610 million and $660 million Q1: 18% to 21% Seasonality and adjustedEBITDA* Q2: 25% to 28% fluctuations Q3: 26% to 29% Q4: 24% to 27% Taxrate 23% to 25% 22 DSO* 80 to 85 days Amortization of intangibleassets related Between $60 and $70 million toacquisitions Capitalexpenditures Between $115 and $125 million Net debt to adjustedEBITDA* 1.5x to 2.0x Acquisition and reorganization costs* Between $40 million and $50 million 1) * Non-IFRS measure. 1) Due mainly to personnel and real estate integration costs related to the acquisition of Opus completed in Q4 2017, and to real estate integration costs pertaining to the Mouchel acquisition completed in Q4 2016

2018 Regional operational outlook NORDICS CANADA Significant increase in Solid backlog and good prospects headcount should translate into higher utilization rates UK ASIA 23 Large public sector Continued slowdown in work AMERICAS buildings market Continuing concerns Strong US Transportation and over Brexit Infrastructure spending MIDDLE EAST Difficult Integration of POCH and ConCol economic expected to deliver synergies and conditions improvement in operating AUSTRALIA SOUTH margins Transportation is the fastest growing AFRICA segment of all our businesses worldwide Difficult economic conditions