Core Insights - Stantec has been selected to deliver the first phase of the Government of Canada's Arctic Over-the-Horizon Radar (A-OTHR) project, aimed at providing long-range radar coverage for northern regions [1][3] - The project is part of a federal investment to modernize the North American Aerospace Defense Command (NORAD) infrastructure, enhancing the ability to detect aerospace and maritime threats [3][4] Group 1: Project Overview - Defence Construction Canada has chosen Stantec and its consortium partners, including Aecon and Pomerleau, to execute the A-OTHR project under a collaborative integrated project delivery model [2] - Stantec's responsibilities will encompass project management, civil engineering, environmental services, architecture, power engineering, geotechnical engineering, and landscape architecture [5] Group 2: Strategic Importance - The A-OTHR system will establish a long-range surveillance radar network to monitor Arctic routes to major North American population centers, renewing Canada's North Warning System [3] - The project reflects a long-standing partnership between Stantec and Canada's Department of National Defence, emphasizing a commitment to strengthening critical infrastructure [4] Group 3: Project Timeline - A validation phase for the project is set to commence in the first quarter of 2026, with construction expected to begin following the completion of the design development phase [5]

Core Insights - Arcadis reported mixed results for 2025, with net revenues of €3.8 billion reflecting a -0.5% growth for the year, and a fourth quarter operating EBITA margin of 10.8% [2][3][4] Financial Performance - Gross revenues decreased by 2% year-on-year to €4.875 billion, while net revenues fell by 3% to €3.76 billion [4][26] - The fourth quarter net revenues were €887 million, showing a 2.9% organic decline, primarily due to the performance in Property & Investment [5][7] - Operating EBITA margin for the full year was 11.1%, down from 11.5% in 2024, with a fourth quarter margin of 10.8% compared to 12.6% in the previous year [5][6] - Earnings per share (EPS) decreased by 14% to €2.33, while a dividend proposal of €1.05 per share was made, up from €1.00 in 2024 [6][24] Business Segments Resilience - Resilience segment accounted for 38% of net revenues, with a slight decline in net revenues to €1.423 billion, but organic growth of 3.1% was noted [17][18] - Strong performance in the US, Germany, and the Netherlands helped offset slower activity in Environmental Restoration [18] Places - Places segment, representing 36% of net revenues, saw a significant decline of 10% in net revenues to €1.337 billion, with an organic growth of -5.5% [19] - The decline was attributed to pressures in the Property & Investment sector, particularly in Canada and the UK [19][8] Mobility - Mobility segment reported a 5% increase in net revenues to €906 million, with organic growth of 1.1% [20] - Performance was mixed, with strong growth in North America and challenges in the UK due to project winddowns [20] Intelligence - Intelligence segment saw a slight increase in net revenues to €94 million, with organic growth of 5.8% [22] - Key drivers included Enterprise Decision Analytics and Digital Transformation products [22] Strategic Actions - The company undertook significant restructuring, reducing headcount by 1,100 and incurring €77 million in non-operating costs [5][13] - A focus on high-growth markets and simplification of the business model is planned to enhance efficiency and client-centricity [15][16] - 2026 targets include flat organic net revenue growth and an operating EBITA margin of 11.7%-12.0% [16] Cash Flow and Shareholder Returns - Record free cash flow of €344 million was achieved in Q4, contributing to a total of €288 million for the year [23] - A total of €225 million was returned to shareholders through dividends and share buybacks [24]

POWERING FORWARD DECEMBER 15, 2025 – INVESTOR PRESENTATION 1 Cautionary Statement This document has been prepared by WSP Global Inc. ("WSP" or the "Corporation") solely for information purposes. Prospectus Information A final base shelf prospectus of WSP dated August 8, 2024, containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in each of the provinces and territories of Canada. A copy of the final base shelf prospec ...