Stantec (STN) Investor presentation summary

Strategic positioning and business overview

• Operates as a global leader in sustainable engineering, design, and environmental services with over 450 locations and 34,000+ employees worldwide.

• Diverse business lines and customer base, emphasizing organic growth, sustainability, and disciplined capital allocation.

• Recognized for technical expertise and a strong culture, with a focus on delivering value through integrated solutions.

Financial performance and targets

• Achieved 2025 net revenue of $6.5B, with the United States contributing 52%, Canada 24%, and global operations 24%.

• Adjusted EBITDA margin improved to 17.6% in 2025, with adjusted EPS reaching $5.30.

• Backlog grew to $8.6B in Q4 2025, up 9.5% year-over-year, driven by both organic and acquisition growth.

• 2026 financial targets include net revenue growth of 8.5%-11.5%, adjusted EBITDA margin of 17.6%-18.2%, and adjusted ROIC above 13%.

• Three-year targets project net revenue of $7.5B by 2026, with organic net revenue CAGR above 7% and free cash flow to net income above 1.0x.

Business segment highlights

• Water: $1.4B in 2025 net revenue, delivering solutions for safe, reliable water and sanitation globally.

• Environmental Services: $1.1B in 2025 net revenue, focusing on conservation, ecosystem restoration, and permitting.

• Infrastructure: $1.7B in 2025 net revenue, leading in transport system design and sustainable community development.

• Buildings: $1.5B in 2025 net revenue, ranked #1 in architecture and engineering for 14 years, specializing in net-zero and adaptive reuse.

• Energy & Resources: $0.8B in 2025 net revenue, supporting energy transition with a strong renewable energy project backlog.