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SNC LAVALIN FOR IMMEDIATE RELEASE Press Release SNC - Lavalin Reports First Quarter 2021 Results MONTREAL : May 14 , 2021 - SNC - Lavalin Group Inc. ( TSX : SNC ) , a fully integrated professional services and project management ( " PS & PM ” ) company with offices around the world , today announced its results for the first quarter ended March 31 , 2021 . First Quarter Highlights and Key Metrics from Continuing Operations • • • • Net income from continuing operations attributable to SNC - Lavalin shareholders of $ 67.7 million , or $ 0.39 per diluted share . SNCL Engineering Services delivers solid Q1 results Revenues of $ 1.5 billion . Segment Adjusted EBIT ( 1 ) of $ 132.8 million , representing a 8.8 % margin . Segment Adjusted EBIT to revenue ratio ( 2 ) of 8.6 % , 13.9 % and 5.8 % for EDPM , Nuclear and Infrastructure Services , respectively , in line with Company's targets . Net cash generated from operating activities of $ 118 million . Bookings of $ 1.7 billion , representing a 1.15 booking - to - revenue ratio ( 6 ) . Backlog at $ 11.1 billion as at March 31 , 2021 . SNCL Projects backlog continues to decrease LSTK construction contracts backlog reduced by $ 241.5 million in the quarter to $ 1.6 billion as at March 31 , 2021 . Financial position remains strong As at March 31 , 2021 , the Company had cash and cash equivalents of $ 702.7 million and a net recourse debt to EBITDA ratio ( 7 ) of 1.8 ( calculated in accordance with the Company's Credit Agreement ) . 2021 Outlook for SNCL Engineering Services maintained SNCL Engineering Services revenue for 2021 forecast to grow by a low single digit percentage , compared to 2020 , and Segment Adjusted EBIT to revenue ratio ( 2 ) expected to be between 8 % and 10 % . Investor day to be held on September 28 , 2021 • SNC - Lavalin's management will provide an update on the Company's strategy and outlook , including growth opportunities in EDPM , Nuclear and Infrastructure Services . 455 , René - Lévesque Blvd. West , Montreal , Quebec , Canada , H2Z 1Z3 514.393.1000 1