The following is a summary of the AtkinsRéalis (SNCAF) Q1 2024 Earnings Call Transcript:

Financial Performance:

• AtkinsRéalis reported a 19% increase in Q1 revenue with a 19.5% increase in segment-adjusted EBIT to approximately $187 million.

• Operating cash flow improved considerably to $37 million, aligned with expectations of delivering over $400 million for the full year.

• The company's backlog grew to $15 billion, marking a 26% growth YoY.

• The net limited recourse and recourse debt to adjusted EBITDA ratio stood at 1.7 times, within their target range of 1.5 to 2 times.

Business Progress:

• AtkinsRéalis witnessed significant opportunities for growth in its core Engineering and Nuclear services.

• Notable success was seen in Canada, the UK, Ireland, the US, Latin America, and the EMAE region, with substantial organic revenue growth in each market.

• The company launched the Canadians for CANDU campaign, promoting the deployment of CANDU nuclear technology for emission reduction efforts.

• The 'Pivoting to Growth' strategy saw implementation with a focus on organic growth across multiple geographies, particularly in nuclear and transport markets.

• AtkinsRéalis is actively strategizing to attract and retain suitable talent for its nuclear division.

• A plan to exit a global business (the Linx [ph]) is in progress, showcasing a strategic shift in business focus.

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