WSP Global Inc.

Good day and thank you for standing by. Welcome to the WSP Global Inc. second quarter 2026 results conference call and webcast. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, please press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 1 again. Please note that today's conference is being recorded. I would now like to invite the conference over to your first speaker, Quentin Weber, Head of Investor Relations. Please go ahead.

Good day and thank you for joining our call. Today we will discuss our Q2 2026 results and performance, followed by a Q&A session. Alexandre L'Heureux, our President and CEO, and Alain Michaud, our CFO, are joining us this morning. Please note that this call is also accessible via webcast on our website. During the call, we make forward-looking statements. Actual results could differ from those expressed or implied. We undertake no obligation to update or revise any of these statements. Relevant factors that could cause actual results to differ materially from those in the forward-looking statements are listed in the MD&A for the quarter ended June 26, 2026, and the financial year ended December 31, 2025, which can be found on CEDAR Plus and on our website. During the call, we may refer to specific non-IFRS financial measures. These measures are defined in the MB&A for the quarter ended June 26, 2026. Our MB&A includes reconciliations of non-IFRS financial measures to the most directly comparable IFRS measures. Management believes that these non-IFRS measures and other financial measures provide useful information to investors regarding the corporation's financial conditions and results of operation as they provide additional key metrics of its performance. These non-IFRS measures are not recognized under IFRS, do not have any standardized meaning prescribed under IFRS and may differ from similarly named measures reported by other issuers and accordingly may not be comparable. These measures should not be considered as a substitute for the related financial information prepared by IFRS. With that, I will now turn the call over to Alexandre.

Thank you Quentin and thank you all for joining us this morning. Today I'm very excited that this was an excellent quarter for WSP. WSP exited the second quarter with stronger momentum than when it entered the year. Organic growth accelerated, backlog reached a record level, margin expanded by 90 basis point and TRC is performing as expected. Together, these leading indicators increased our confidence in the outlook for the balance of 2026 and beyond. Let me recap a few highlights from the quarter. First, organic net revenue growth of 5% brought us to the high end of our quarterly outlook range with every reportable segment contributing. We added roughly $800 million of net revenues year-over-year A 23% increase largely reflecting a contribution of our recent highly strategic acquisitions. Second, backlog reached a new record of 20.1 billion at quarter end with organic growth of 5.7% over the last 12 months. Beyond the absolute number, what matters most is that organic backlog growth accelerated to its strongest pace since 2022. In a market where investors are increasingly focused on long-term visibility, we believe our backlog, soft backlog, and pipeline of opportunities provide a clear indication of future growth potential. Our pipeline tells the same story. WSP is involved in some of the largest and more complex projects globally. For example, our top 20 opportunities alone represent more than $4 billion in potential revenue. Importantly, the strongest areas of demand we see today are directly linked to long-term duration investment teams, including AI-enabled digital infrastructure, power generation and transmission, data centers, critical minerals, defense, and nuclear energy. These are complex engineering intensive programs that require multidisciplinary expertise, regulatory capabilities, and large-scale project delivery capacity. Third, our adjusted EBITDA margin expanded by 90 basis points year over year to 19.1%, reflecting our continued and disciplined focus on margin improvement. Adjusted EBITDA grew by 28.8% year over year and exceeded our quarterly outlook range. As we continue our journey on margin expansion, it is becoming increasingly apparent to us that scale creates operational leverage. And fourth, our power and energy platform delivered another quarter of double digit organic growth with global net revenues from our top 40 global power clients rising 30% year over year. TRC's integration remains on plan for completion within the next six months. The acquisition is doing exactly what we acquired it to do strengthened a position in one of the fast-growing and most strategic end markets globally. Let me now provide you with a few comments on our regions, starting with Canada, which delivered on every measure this quarter. Organic growth reached 5.1% and backlog grew by a robust 14.2% over the last 12 months, an outstanding performance. The pipeline in Canada is exceptionally deep and the momentum is broad-based. In defense, we hold a position few can match. WSP is the leading direct provider of engineering and environmental services to Defense Construction Canada with hundreds of projects underway nationwide and over 25 active master service agreements. Our pipeline has doubled in the past year, positioning us as a strategic partner on major current and upcoming opportunities. In mining, our recognized global leadership with more than 5,000 professionals worldwide helped us convert several major opportunities. Capital keeps moving toward critical minerals driven by AI, electrification, grid expansion, and energy transition. This high-margin business has averaged double-digit organic growth over five years, with hard backlog up roughly 25% in the past 12 months. In power and energy, we see a significant increase in demand for our engineering services. Our energy subsector is well ahead of budget, delivering 70% growth year over year. We expect market conditions to remain strong for the remainder of 2026 and into 2027 when increased investment across the energy market in Canada. And in nuclear, WSB is Canada's leader in citing and permitting consulting. We are leading or supporting every impact assessment for proposed new nuclear generation in Canada. Nuclear-related revenue has tripled year-over-year and backlog in this market is at a record. Defence, mining, transportation, power and energy and nuclear together make up one of the most compelling growth profiles in our portfolio in Canada and globally, and we expect that to continue. Turning to the Americas, the depth of our accessible hard and soft backlog together with a robust opportunity pipeline position us well for accelerated growth in the second half and beyond. For example, our U.S. soft backlog on net revenue basis reached $10 billion and is up approximately 9% versus Q1 Pointing to substantial potential for future revenue, and a meaningful portion is expected to convert to accessible work by year-end. In addition, approximately 86% of that sub-backlog sits in framework agreements, which are pre-approved contract vehicles that let task order convert quickly to revenue once client authorized funding. Power and Energy continues to expand rapidly in the U.S., supported by heightened bid and proposal activity with investor-owned utilities. In this market, net revenues and hard backlog from our top 40 global power clients in the U.S. increased 15% and 20% year-over-year, respectively. Our portfolio of clients now include the top 60 U.S. investor-owned utilities, or IOUs, covering the vast majority of the US market. TRC continues to deliver with its hard backlog and sub backlog up 30% and 35% year over year respectively. We have also identified more than 100 collaboration opportunities where WSP and TRC teams are combining expertise, resources, and client relationship to better serve clients. One of them resulted in a significant award from a large IOU to support its $78 billion five-year capital plan with line of sight to more than $10 billion of potential future work. This highlights the scale and the opportunity in power and energy where our expanded platform positioned WSP to capture larger, longer duration mandates. Data centers delivered another period of rapid expansion with revenues up more than 20% year-over-year in the first half of 2026. Our data center sales pipeline is approximately 30% higher than a year ago, reflecting deeper client relationship, broader account penetration, and rising demand for integrated delivery solutions. Ranked number one in data center design by engineering dues record, WSP now support more than six sites with more than one gigawatt of compute power capacity and is a trusted partner to the 70 clients we serve in this sector, which has doubled in the last year. In advanced manufacturing, clients are engaging us across the entire project lifecycle from early planning through design, delivery, and operational readiness, drawing on our integrated multidisciplinary capabilities. WSB is supporting over 200 industrial clients and the backlog is up 29% year over year. The platform continues to deliver strong momentum with revenue growth of more than 20% year over year. Nuclear in the U.S. is scaling just as quickly. We are now supporting 22 new sites across the U.S. spanning site selection, licensing, design and construction support and we recently won a role in the primary design of an industry-first gas-to-nuclear SMR project with Blue Energy at the Port of Victoria site in Texas. Few firms can operate across the full cycle of nuclear program, and that is precisely where the market is heading. Lastly, on water, business is up 20% year over year and is another fast-scaling part of our portfolio. Climbing demand for water infrastructure shows no signs of slowing, with WSP water pipeline up 61% year-over-year as communities invest in aging infrastructure, PFAS, water quality mandates, and climate resilience. In Q2, WSP captured a major program contract with Seattle public utilities worth $100 million. Taking together our hard backlog and soft backlog pipeline of opportunities and newly secure mandates, set us up to grow faster in that market. The CAD $7 billion we deployed in power and energy in recent years to position our U.S. business strategically is really starting to pay off. Turning to AMIA, we delivered organic growth in net revenues of 8.1%, and the future is bright as our backlog grew organically by 10.4%. A special interest, the quarter saw another standout performance from our UK business, which delivered yet another quarter of double-digit net revenue organic growth. Elevated growth is supported by strategic targeted markets such as power and energy, nuclear, defense and security, aviation, and healthcare. EMEA is increasingly winning on the breadth of what it can offer, and with a healthy organic backlog growth profile, The region has the visibility to sustain this trajectory. Finally, in APAC, the region returned to growth for the first time in six quarters, right on plan, powered by a notable turnaround in Australia. In New Zealand, the government's National Land Transport Plan has reduced project investment. While this is expected to have some impact on our business, we are taking steps to mitigate its effects. Overall, the efforts we deployed to recalibrate the business in APAC are showing up in the numbers. In summary, this was an exceptional quarter, and more importantly, clear evidence that our strategy is working and momentum is accelerating. With that, I will now turn it over to Alain, who will walk you through our financial results.