Q Earnings Conference Call Thursday, August 4, We create communities. We are Stantec.

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1 Q Earnings Conference Call Thursday, August 4, 2016 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. 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 Agenda Bob Gomes Highlights from the Quarter Dan Lefaivre Summary of Financial Results Bob Gomes Business Overview

4 Highlights from the Quarter Steady organic gross revenue growth in Infrastructure and US operations 4

5 We are Better Together Positioned us as a leader in water and natural resources sectors Expanded geographic footprint Created a strong foundation for continued sustainable growth 5

6 Financial Results

7 Q2 16 Results In millions of Canadian dollars except for adjusted diluted EPS and percentages *As a % of net revenue ** Non-IFRS measure defined in Q2 16 Management s Discussion and Analysis Q2 16 Q2 15 Q2 16 vs. Q2 15 Gross revenue $1,046.6 $ % Gross margin* 53.6% 54.0% (30.0%) Administrative & marketing* 43.9% 41.2% 39.5% Adjusted EBITDA** $84.6 $ % Net income $21.2 $43.1 (50.8%) Adjusted EPS (diluted)** $0.37 $0.45 (17.8%) Net debt/ebitda**

8 $3.9B BACKLOG $3.0B CONSULTING SERVICES $0.9B CONSTRUCTION SERVICES 8

9 Construction Services GROSS REVENUE BREAKDOWN BY GEOGRAPHY GROSS REVENUE BREAKDOWN BY CLIENT TYPE Gross revenue $140.7 million since close of MWH acquisition UK revenue $58.0 million and US revenue $82.7 million Activity in US waste water projects and UK AMP6 programs 9

10 Business Overview

11 MWH GROSS REVENUE GLOBAL REACH WATER & NATURAL RESOURCES INFRASTRUCTURE CONSTRUCTION SERVICES 11

12 Timeline 2016 Review segments of MWH s business 2017 Integration of MWH into our Consulting Services business 2017 Ongoing integration and review of Global operations 12

13 Acquisitions 13

14 Consulting Services YTD MWH added gross revenue to Infrastructure, Energy & Resources, and Environmental Services 14

15 Buildings Percent of Q2 16 YTD gross revenue Gross revenue essentially flat in Q2 16 vs. Q2 15 and up 7.9% year to date Actively pursuing several design-build P3 projects Revised outlook from moderate organic gross revenue growth to stable 15

16 Energy & Resources Percent of Q2 16 YTD gross revenue Gross revenue increased 2.3% in Q2 16 vs. Q2 15 with MWH acquisition Organic gross revenue retraction of 29.0% in Q2 16 vs. Q2 15 Continue to win smaller oil and gas projects Organic revenue growth in US Power and Mining, offset by organic retraction in Canada 16

17 Environmental Services Percent of Q2 16 YTD gross revenue Gross revenue increased 14.8% in Q2 16 vs. Q2 15 with MWH acquisition Organic gross revenue retraction of 6.0% in Q2 16 vs. Q2 15 Opportunities for growth in Power sector in Canada and the US Opportunities in water, transportation, and wastewater projects Revised outlook from stable organic gross revenue growth to retraction 17

18 Infrastructure Percent of Q2 16 YTD gross revenue Gross revenue increased 63.1% in Q2 16 vs. Q2 15 with MWH acquisition Organic gross revenue growth of 5.3% in Q2 16 vs. Q2 16 and 6.9% year to date Opportunities in US light rail transit, roadways, and bridges 18

19 Canada Gross revenue decreased 12.2% in Q2 16 vs. Q2 15 Moderate growth in Infrastructure; Buildings remained stable; Energy & Resources and Environmental Services retracted Public infrastructure investment is robust; strong growth in Water 19

20 United States Gross revenue up 46.4% in Q2 16 vs. Q2 15 Continued organic gross revenue growth of 3.7% in Q2 16 vs. Q2 15 Growth in Infrastructure, Power, and design-build opportunities 20

21 Global Gross revenue up by $73.0 million in Q2 16 vs. Q2 15 Organic gross revenue retraction in Mining and Buildings Strong activity in UK Water 21

22 Q&A