WSP Global (WSP) AGM 2025 summary

Opening remarks and agenda

• The meeting was held in a hybrid format, allowing both in-person and virtual participation, and conducted in English and French with simultaneous translation available.

• The agenda included receiving audited financial statements, electing directors, appointing the auditor, a non-binding advisory vote on executive compensation, and other business.

• Voting was facilitated both in-person and online, with results to be published within 24 hours.

Financial performance review

• Record net revenues and adjusted EBITDA were achieved in 2024, both exceeding the high end of the outlook.

• Revenues reached approximately $16 billion and net revenues $12 billion, up 12% from 2023; adjusted EBITDA grew to $2.2 billion, up 14%.

• Adjusted EBITDA margin improved to 18%, and adjusted net earnings rose 18% due to acquisitions and productivity gains.

• Over the 2022-2024 cycle, net revenue increased by 55%, adjusted EBITDA by 65%, and adjusted EPS by 60%.

• Q1 2025 results were strong, with increased project requests and a positive outlook despite macroeconomic uncertainties.

Board and executive committee updates

• Louis-Philippe Carrière and Birgit Nørgaard retired from the board after years of service; Eric Lamarre was welcomed as a new board member, pending shareholder approval.

• The board reaffirmed its commitment to strong governance and ethical leadership.