Earnings release
Page 1
SNC LAVALIN FOR IMMEDIATE RELEASE Press Release • • . • • • SNC - Lavalin Reports Second Quarter 2021 Results SNCL Engineering Services revenue of $ 1.5 billion , an increase of 2.4 % , or 6.8 % based on constant currency ( 9 ) , compared to Q2 2020 SNCL Engineering Services backlog reached $ 11.1 billion , an increase of 1.1 % compared to June 30 , 2020 ; LSTK construction backlog reduced by $ 202.4 million from the prior quarter SNCL - Engineering Services Segment Adjusted EBIT ( ¹ ) of $ 145.1 million , representing a 9.6 % margin , improved 63 basis points Segment Adjusted EBIT to segment revenue ratio ( 2 ) of 9.1 % , 14.2 % and 7.9 % for EDPM , Nuclear and Infrastructure Services , respectively Net income from continuing operations attributable to SNC - Lavalin shareholders of $ 29.2 million , or $ 0.17 per diluted share , compared to a net loss of $ 25.3 million , or $ ( 0.14 ) in Q2 2020 Closed the sale of a substantial portion of the Resources Oil & Gas business Reaffirming outlook of SNCL Engineering Services revenue for full year 2021 to increase by a low single digit percentage , reflecting current currency rates , compared to 2020 , and for its Segment Adjusted EBIT to segment revenue ratio ( 2 ) to be between 8 % and 10 % - MONTREAL : July 30 , 2021 – SNC - Lavalin Group Inc. ( TSX : SNC ) , a fully integrated professional services and project management company with offices around the world , today announced its results for the second quarter ended June 30 , 2021 . IFRS Financial Highlights Revenue Attributable to SNC - Lavalin Shareholders Q2 2021 Q2 2020A YTD 2021B YTD 2020A , B 1,797,789 1,659,953 3,617,528 3,528,472 Net income ( loss ) from continuing operations : From PS & PM 26,124 ( 31,894 ) 87,155 ( 10,905 ) From Capital Total 3,068 29,192 6,595 9,780 ( 13,444 ) ( 25,299 ) 96,935 ( 24,349 ) Diluted EPS from continuing operations : From PS & PM ( $ ) 0.15 ( 0.18 ) 0.50 ( 0.06 ) From Capital ( $ ) 0.02 0.04 0.06 ( 0.08 ) Total ( $ ) 0.17 ( 0.14 ) 0.55 ( 0.14 ) Net income ( loss ) from discontinued operations 16,523 Net income ( loss ) 45,715 Net cash generated from operating activities Backlog from continuing operations as of June 30 78,124 ( 86,348 ) 21,825 ( 153,262 ) ( 111,647 ) 118,760 129,818 83,736 ( 177,611 ) 153,172 13,012,100 13,771,000 455 , René - Lévesque Blvd. West , Montreal , Quebec , Canada , H2Z 1Z3 514.393.1000 1