Stantec : Financial Reporting Document

Q1YTD24 Net Revenue by Business Operating Unit, Sector, and Geography*

Q1 2024

Investor Fact Sheet

23% Global
	Q1 24 Net Revenue
	by Reportable Segment
	Percent of net revenue
24% Canada	53% United States

Infrastructure28%

Parks & Open Spaces

Urban Places

Ports & Marines

Bridges & Structures

Transit & Rail

Land Development

Roadways

Water	22% Buildings	21% Environmental Services 18%

Client Enterprise
Solutions
Industrial Water	Wokplace/Office
Wet Weather Flow &
Misison Critical
Urban Stormwater
Facilities	Community Dev
Wastewater Treatment	Airports & Aviation	Mining
Industrial Buildings	Transportation
	Educational/	Oil & Gas
Conveyance	Institutional
	Civic	Water

Water Resources

Commercial

Power & Dams

Water Treatment

Healthcare

Buildings

Energy & Resources	11%

Oil & Gas

WaterPower

& Dams

Mining

Power & Energy

Q1 24 Organic Net Revenue Growth

by Reportable Segment

OVERALL

Q1 24

6.6%

CANADA		UNITED STATES			GLOBAL
Q1 24		Q1 24			Q1 24
1.0%			10.1%		4.6%

*As an approximate percentage of Q1 24 net revenue

Global	Global	Global	Global	Global
	Canada
	Canada
Canada	Canada		Canada

United States	United States	United States	United States
	United States

Q1 24 NET REVENUE ORGANIC GROWTH (RETRACTION)

4.9%	16.2%		9.9%		3.5%	(5.4%)
		Q1 24 NET REVENUE ACQUISITION GROWTH
8.8%	-		15.7%		0.7%	-

Committed to excellence

Gross Revenue and Net Revenue millions (C$)	Diluted EPS (C$)	8.5%
		10.7%	$3.50
$7,000			$4.00
$6,000		10-YEAR	$3.00		10-YEAR
$5,000
	NET REVENUE CAGR*	$2.50		ADJUSTED DILUTED
$4,000		$7 billion in backlog	$2.00		EPS CAGR*
$3,000
	$1.50
$2,000
		$1.00
$1,000	Q	Gross revenue	$0.50	Q	Adjusted diluted EPS*
$0	1	Net revenue	$0.00	1	Diluted EPS *
14 15 16 17 18 19 20 21 22 23 24	14 15 16 17 18 19 20 21 22 23 24
	T T M			T T M

Net Income millions (C$)		Dividend Growth (C$)
$500	10.4%	$0.80	8.6%
$400	$0.70
10-YEAR	$0.60	9.25-YEAR
$300	ADJUSTED NET	$0.50	DIVIDEND CAGR*
INCOME CAGR*	$0.40
$200
	$0.30
$100		$0.20
Adjusted Net Income *	$0.10
Q	Q
1	Net Income	$0.00	1
$0 14 15 16 17 18 19 20 21 22 23 24	14 15 16 17 18 19 20 21 22 23 24
T T M			T TM

Adjusted EBITDA* millions (C$)
$1,000
$800
$600
$400
$200
									Q	Adjusted EBITDA*
$0									1
16	17	18	19	20	21	22	23	24
									T T M

Cash Flow* millions (C$)
$700
$600
$500
$400
$300
$200
$100	Q	Operating cash flow
$0	1	Free cash flow
14 15 16 17 18 19 20 21 22 23 24
	T T M

CAUTIONARY STATEMENTS

Our public communications contain non-IFRS measures and other financial measures and often include written or verbal forward-looking statements. Non-IFRS measures and other financial measures do not have a standardized meaning under IFRS, and therefore, may not be comparable to similar measures presented by other issuers. Forward- looking statements include disclosures regarding anticipated financial performance, possible events, conditions, or results of operations that are based on assumptions about future economic conditions or courses of action and include future-oriented financial information. By their nature, forward- looking statements require us to make assumptions and are subject to inherent risks and uncertainties. For full details of risk factors, forward-looking statements, and non-IFRS measures see our Q1 2024 Management's Discussion and Analysis.

To learn more, please visit stantec.com/investors

*The financial results reflect the continuing operations of the company, except for cash flow which is on a consolidated basis. Adjusted diluted EPS, adjusted EBITDA, adjusted net income, free cash flow, and compound annual growth rate (CAGR), when applied to adjusted measures, are non-IFRS measures and compound annual growth rate (CAGR), organic growth, and acquisition growth are other financial measures. Additional disclosure for these non-IFRS and other financial measures is included in the Definitions of Non-IFRS and Other Financial Measures section of the Q1 2024 Management's Discussion and Analysis, available on SEDAR+, EDGAR, and stantec.com.

Contact Information

Investor Relations [e-mail]