Bird Construction (BDT) Investor presentation summary

Strategic position and growth

• National specialty-contractor platform with 6,000+ employees, 18 offices and operations, and exposure across Industrial, Buildings and Infrastructure.

• TTM revenue CAGR was 20% and adjusted EBITDA CAGR was 30% from Q3 2020 to Q3 2026.

• Strategy targets a balanced one-third mix across the three businesses, with Infrastructure growth supporting a more balanced portfolio.

Backlog and delivery model

• Combined Backlog reached $13.0B at September 30, 2026: $6.4B backlog and $6.6B Pending Backlog; recurring revenue is ~ $1.5B over the next four years.

• Q3 2026 securements were $1.6B, with a 135% TTM book-to-bill ratio; embedded margins were above the prior-year level.

• More than 80% of Combined Backlog is collaborative delivery; 98% of 2025 revenue came from medium- to lower-risk contract types.

• Work spans 10 strategic end markets, with diversified exposure across sectors, regions, customers, and public and private markets.

Strategic partnerships and markets

• Marten Falls First Nation partnership supports early community-readiness work and potential long-term enabling infrastructure in the Ring of Fire region.

• Bell AI Fabric partnership names the contractor as preferred construction partner for Canadian AI data-centre projects; Bell indicated line of sight to monetizing ~800 MW of power over time.

• The 300 MW Sherwood facility near Regina is the first Bell AI Fabric project, with selection as lead construction manager under a construction management contract.

• Data centres represented less than 10% of Combined Backlog; the Canadian proposed pipeline was ~19 GW across more than 150 facilities, subject to project conversion conditions.