1. Total of segments measure. Refer to section 8.1, “Net revenues” of WSP’s Management’s Discussion and Analysis for the quarter and year ended December 31, 2024 (“MD&A”) for a reconciliation to revenues.
2. Non-IFRS financial measure without a standardized definition under IFRS, which may not be comparable to similar measures used by other issuers. Refer to section 22, “Glossary of segment reporting, non-IFRS and other financial measures”, of WSP’s MD&A for explanations of the composition and usefulness of this non-IFRS financial measure. Quantitative reconciliations of the non-IFRS financial measure to the most directly comparable IFRS measure are incorporated by reference to sections 8.3, “Adjusted EBITDA” of WSP’s MD&A.
3.Supplementary financial measures. Net revenue organic growth represents the period-over-period change in net revenues, excluding net revenues of businesses acquired or divested in the twelve months following the acquisition or prior to the divestiture, expressed as a percentage of the comparable period net revenues, adjusted to exclude net revenues of divested businesses, all calculated to exclude the impact of foreign exchange. Days Sales Outstanding (DSO) represents the average number of days to convert the Corporation’s trade receivables (net of sales taxes) and costs and anticipated profits in excess of billings, net of billings in excess of costs and anticipated profits, into cash.
4. Non-IFRS ratio without a standardized definition under IFRS, which may not be comparable to similar ratios used by other issuers. Refer to section 22, “Glossary of segment reporting, non-IFRS and other financial measures”, of WSP’s MD&A for explanations of the composition and usefulness of this non-IFRS ratio. Adjusted EBITDA margin is defined as adjusted EBITDA expressed as a percentage of net revenues.
5. EBIT is defined as earnings before net financing expense and income taxes.
