wsp press conference today

Discover our people, purpose and stories that have helped shape the organization we are today and are inspiring the one we will become.With Future Ready we see the future more clearly and challenge our teams across the world to advise…With an intimate sense of local realities, we look at complex problems from different angles and deliver solutions that break paradigms.Helping clients globally to prepare, respond and recoverRead inspiring articles that challenge the status quo by reframing current issues, sparking fresh conversations and finding new solutions.Driving optimal outcomes for projects and communitiesJoin a collaborative team of experts that thrives on complex challenges and unconventional thinking.Care to join us in doing purposeful, sustainable work that helps shape communities and the future?…We are committed to delivering sustainable value to our shareholders and exceptional professional services to our clients.We released our 2020 second quarter results on August 5, 2020 after market close.Stay up to date with our latest global news, events, awards and more.With the spread of the COVID-19 pandemic, our global healthcare network and specialist teams have…Contact us to find out how our diversified offering, world-class expertise and geographical reach can assist you in achieving your vision.Acting locally means being present in our communities. And at some point in time, when things pick up, clearly, we should see those costs repairing in the P&L.Having said all that, we have a plan to make some significant headways on the operational excellence front. But if that growth is not quality growth and it's not converting in cash, what's the point? Just look at in our recent acquisition, the environmental sector and the work that we were able to win in countries where our -- the past acquisitions are not operating in.

We need to challenge the way we're conducting business. I mean we're now #6 in the world. Backlog organic growth reached 4.3% compared to December 31, 2019, and 5.2% compared to June 29, 2019.Let's move on to profitability. So I only have real -- just want to ask, and maybe one for you and the same for Alain. I'd say that a good portion of them are permanent. Adjusted EBITDA is expected to range between $1 billion and $1.050 billion.Turning to tax. That's the purpose of -- that's why we're here.

Adjusted EBITDA margin for the quarter reached 15.8% compared to 15% in Q2 2019. Having said all that, there's still some uncertainty at this point in time, but do I feel better -- or let's put it this way, more in control today than we were back in March? WSP has once again ranked #2 on the list of top 225 international design firms, while maintaining the #1 spot for our work in the transportation sector. Also softness in the private sector affected our planning and advisory services in the property and building market sector. Or is it too early to determine that?--------------------------------------------------------------------------------Alexandre J. L'Heureux, WSP Global Inc. - President, CEO & Director [29]--------------------------------------------------------------------------------I think it's too early.

We'll go through our process in the fall and fingers crossed essentially.--------------------------------------------------------------------------------Benoit Poirier, Desjardins Securities Inc., Research Division - VP and Industrials, Transportation, Aerospace, Industrial Products & Special Situation Analyst [18]--------------------------------------------------------------------------------Okay.

Or you're at a different perspective having been newer to the team?----------------------------------------------------------------------------------------------------------------------------------------------------------------No, very similar to Alex. But just as far as the 2019-2021 plan and the -- your ambitions around some of the strategic shifts in mix in areas that you would like to grow in over the course of that plan. As COVID-19 reach pandemic status, I reaffirmed our commitment during our call last quarter to being operationally resilient to continue meetings the need -- to continue meeting, sorry, the needs of our clients and communities during those unprecedented times. Always dangerous to draw conclusion on one given quarter. Also please do bear in mind that we've not considered any acquisition, disposal or any other transaction that may occur after today's date. The subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures.Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. A total of 85,731,872 common shares (representing approximately 81% of all issued and outstanding common shares of the Corporation) were represented at the Meeting. Organic growth or acquisition growth. Weber.----------------------------------------------------------------------------------------------------------------------------------------------------------------Good morning. Higher amortization and depreciation. Our second ambition was to maintain our EBITDA margins for the quarter at the level -- at a level similar to the same period in '19 before taking any COVID-19 measures. So I think we need to take a prudent approach to all of this and see what -- when we do have more visibility in the second half of this year, what 2021 will look like.----------------------------------------------------------------------------------------------------------------------------------------------------------------And your next question comes from the line of Frederic Bastien with Raymond James.--------------------------------------------------------------------------------Frederic Bastien, Raymond James Ltd., Research Division - MD & Equity Research Analyst [56]--------------------------------------------------------------------------------Guys, a lot of good questions have been asked already.

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