Raymond James' 12th Annual North American Equities Conference. We create communities. We are Stantec.

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1 Raymond James' 12th Annual North American Equities Conference We create communities. We are Stantec.

2 Cautionary Statement Our public communications will contain non-ifrs measures and written or verbal forward-looking statements, including a discussion of our goals and our growth strategies. Certain information has been adjusted for the November 14, 2014, two-for-one share split. Figures for 2012 are restated for IFRS 10 and 11. We caution readers not to place undue reliance on our forward-looking statements since a number of factors could cause actual future results to differ materially from the targets and expectations expressed. For a discussion of risk factors and non-ifrs measures, see our 2015 Annual Report, which is available on SEDAR, EDGAR, and

3 WE ARE STANTEC 1. WHO WE ARE 3. WHAT WE HAVE ACCOMPLISHED 4. WHERE WE ARE GOING

4 WHO WE ARE Our business is people Engineering Architecture Interior Design Landscape Architecture Surveying Environmental Sciences Project Management Project Economics Project concept. Planning. Design. Construction. Commissioning.

5 WHO WE ARE Stantec at a glance STN 22, TSX & NYSE CDN 3.3B Q2 16 TTM Gross Revenue Employees globally CDN 3.6B June 30, 2016 Market Cap Locations worldwide 62 YEARS Of uninterrupted profitability

6 WHO WE ARE Our values set us apart WE PUT PEOPLE FIRST People Creative solutions Local community presence WE ARE BETTER TOGETHER Full integration Single brand & platform Diversification Balanced Leadership Model Local & global client focus WE DO WHAT IS RIGHT Business conduct WE ARE DRIVEN TO ACHIEVE Top-tier position

7 WHO WE ARE Our business model is diversified Gross Revenue Breakdown by Business Operating Units Gross Revenue Breakdown by Geographies Project Lifecycle PLANNING DESIGN CONSTRUCTION MAINTENANCE As a percentage of Q2 16 YTD gross revenue

8 WHO WE ARE Gross Revenue Breakdown by Business Operating Units As a percentage of Q2 16 YTD gross revenue

9 WHO WE ARE Gross Revenue Breakdown by Geographies As a percentage of Q2 16 YTD gross revenue

10 WHERE WE ARE Buildings 10

11 WHERE WE ARE Buildings As an approximate percentage of Q2 16 YTD gross revenue YTD GROSS REVENUE BREAKDOWN BY REGIONAL OPERATING UNITS YTD GROSS REVENUE BREAKDOWN BY CLIENT TYPE

12 WHERE WE ARE Energy & Resources

13 WHERE WE ARE Energy & Resources As an approximate percentage of Q2 16 YTD gross revenue YTD GROSS REVENUE BREAKDOWN BY REGIONAL OPERATING UNITS YTD GROSS REVENUE BREAKDOWN BY CLIENT TYPE

14 WHERE WE ARE Environmental Services 14

15 WHERE WE ARE Environmental Services As an approximate percentage of Q2 16 YTD gross revenue YTD GROSS REVENUE BREAKDOWN BY REGIONAL OPERATING UNITS YTD GROSS REVENUE BREAKDOWN BY CLIENT TYPE

16 WHERE WE ARE Infrastructure

17 WHERE WE ARE Infrastructure As an approximate percentage of Q2 16 YTD gross revenue YTD GROSS REVENUE BREAKDOWN BY REGIONAL OPERATING UNITS YTD GROSS REVENUE BREAKDOWN BY CLIENT TYPE

18 WHAT WE HAVE ACCOMPLISHED We focus on performance

19 WHAT WE HAVE ACCOMPLISHED Total and Organic Growth quarter over quarter

20 WHAT WE HAVE ACCOMPLISHED Gross Revenue & Net Revenue millions (C$) 15% 10-YEAR GROSS REVENUE CAGR

21 WHAT WE HAVE ACCOMPLISHED Gross Revenue Backlog millions (C$) 19% 10-YEAR GROSS REVENUE BACKLOG CAGR

22 WHAT WE HAVE ACCOMPLISHED Margin Profile EBITDA margin profile for engineering and construction firms (% of Gross Revenue)

23 WHAT WE HAVE ACCOMPLISHED EPS and Shares Outstanding millions (C$) 7% 10-YEAR DILUTED EPS CAGR

24 WHAT WE HAVE ACCOMPLISHED Dividend Growth (C$) 10% 4-YEAR DIVIDEND CAGR

25 WHAT WE HAVE ACCOMPLISHED Cash Flow millions (C$)

26 WHAT WE HAVE ACCOMPLISHED Capital Structure NEW CREDIT FACILITIES $C800M revolving credit facility Expires 2020 $C450M term loan Three tranches due 2018, 2019, 2020 NET DEBT/EBITDA TTM 2.6 times at June 30, Strong cash flow generation and growth prospects Less than 2.0x expected EBITDA by the end of 2017 Strong balance sheet provides flexibility to continue executing growth strategy Consistent dividend payout ratio policy and corresponding dividend growth 1 Includes MWH TTM EBITDA

27 WHAT WE HAVE ACCOMPLISHED We are continuing our evolution

28 WHAT WE HAVE ACCOMPLISHED We have a proven track record

29 WHAT WE HAVE ACCOMPLISHED Welcome to the Stantec community BURY 3000 Employees March 2016 MWH 6800 Employees May 2016 VOA 280 Employees May 2016 EDWARDS & ZUCK 120 Employees Letter of Intent

30 WHERE WE ARE GOING A strategic fit STRATEGIC PLAN OBJECTIVES Consider larger/ mega-deal domestic acquisitions MWH FIT Largest deal in Stantec s history with 6,800 employees Pursue international opportunities Global platform in stable countries Evolve our approach to APD in certain sectors Full life cycle offering in water sector in response to APD

31 WHERE WE ARE GOING Why water? Water-related infrastructure investment required will amount to $126 billion by Aging infrastructure Population distribution and growth Climate change Environmental sustainability Affordability Regulatory pressures 1 American Society of Civil Engineers

32 WHERE WE ARE GOING We are expanding our depth and breadth

33 WHERE WE ARE GOING To be a top ten global design firm Top North American Design Firms 1 Top 150 Global Design Firms Our business objective is to be a Top Ten Global Design Firm 1 According to Engineering News-Record and internal analysis

34 WHERE WE ARE GOING Next steps TRANSACTION CLOSED MAY 6 EXPLORE KEY PURSUITS COMPLETION OF COMBINED OPERATING STRUCTURE PHASED INTEGRATION PLAN SYNERGIES THROUGH OPTIMIZATION OF CORPORATE COSTS TARGETED INTEGRATION OF MWH AMERICAS IN 2017

35 WHERE WE ARE GOING We are well positioned Diversified across sectors, regions, and project lifecycle Proven track record Objective: top-tier position in each market and region we serve Robust capital structure to continue dividend growth and disciplined acquisition strategy