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WSP Global investor presentation dated May 2020.
May 6th, 2020Q1 2020 Results
2CAUTIONARY STATEMENT AND NON -IFRS MEASURES
CAUTIONARY STATEMENT
— Certain information regarding WSP contained herein may constitute forward -looking statements .Forward -looking statements may
include estimates, plans, objectives, expectations, opinions, forecasts, projections, guidance orother statements that arenot statements of
fact, including statements regarding the sufficiency ofWSP’s liquidity and working capital requirements forthe foreseeable future,
objective forsecond quarter tomaintain theCorporation’s free cash flow inexcess ofnetearnings and anadjusted EBITDA margin profile
similar tosame quarter last year and WSP's expectation regarding timing ofarevised outlook .Forward -looking statements made bythe
Corporation inthis presentation arebased onanumber ofassumptions believed bythe Corporation tobereasonable asatMay 6,2020 ,
including assumptions about general economic and political conditions ;the state ofthe global economy and the economies ofthe
regions inwhich the Corporation operates ;thestate ofand access toglobal and local capital and credit markets ;theanticipated impacts
ofCOVID -19ontheCorporation’s businesses, operating results, cash flows and/or financial condition, including the effect ofmeasures
implemented asaresult ofCOVID -19.
— Although WSP believes that the expectations reflected insuch forward -looking statements arereasonable, itcan give noassurance that
such expectations will prove tohave been correct .These statements aresubject tocertain risks and uncertainties and may bebased on
assumptions that could cause actual results todiffer materially from those anticipated orimplied inthe forward -looking statements,
including risks relating tothe COVID -19pandemic .WSP's forward -looking statements are expressly qualified intheir entirety bythis
cautionary statement .The complete version ofthe cautionary note regarding forward -looking statements aswell asadescription ofthe
relevant assumptions and risk factors likely toaffect WSP's actual orprojected results areincluded intheManagement’s Discussion and
Analysis for the year ended December 31,2019 and for the quarter ended March 28,2020 ,which are available onSEDAR at
www .sedar .com .The forward -looking statements contained inthis presentation aremade asofthedate hereof and WSP does notassume
any obligation toupdate orrevise any forward -looking statements, whether asaresult ofnew information, future events orotherwise
unless expressly required byapplicable securities laws .
— The Corporation reports itsfinancial results inaccordance with IFRS .However, inthis presentation, the following non-IFRS measures are
used bytheCorporation :netrevenues ;adjusted EBITDA ;adjusted EBITDA margin ;adjusted netearnings ;adjusted netearnings pershare ;
backlog ;free cash flow ;days sales outstanding (“DSO”) and net debt toadjusted EBITDA ratio .Additional details forthese non-IFRS
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