Kent Buys SNC-Lavalin's Energy Unit

The transcript discusses a company's aggressive growth strategy, aiming to increase revenues to a billion dollars by 2025, with a focus on expansion in the Americas and consolidation in the Middle East. It highlights a significant order backlog and outlines the company's service lines. The discussion also covers the US market's potential contribution to revenue, the impact of oil prices, and the strategic acquisition that enhances the company's energy transition capabilities. The conversation touches on the scale of the renewables market and the company's plans in Saudi Arabia, emphasizing partnerships with major oil companies.

What is the primary goal of the company's growth strategy?

• To reduce operational costs

• To increase revenues to a billion dollars by 2025

• To expand into the Asian market

• To focus solely on renewable energy

How much is the company's current backlog?

• $2 billion

• $750 million

• $500 million

• $1.3 billion

Which region is expected to contribute a third of the company's revenues?

• Africa

• Asia

• Europe

• United States

What is a key feature of the recent acquisition?

• It limits operations to the UK

• It reduces the company's workforce

• It combines multiple energy sectors including offshore wind and low carbon

• It focuses on coal energy

What percentage of the UK's offshore wind projects has WS Atkins been involved in?

• 50%

• 30%

• 70%

• 90%

Which company is a significant client for the business in Saudi Arabia?

• BP

• Saudi Aramco

• Shell

• Exxon

How many employees are expected to be in Saudi Arabia?

• 5,000 to 6,000

• 3,500 to 4,500

• 2,500 to 3,500

• 1,000 to 2,000