Scott Wilson Group plc

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Scott Wilson Group plc

• Interim results for the period
• ended 29 October 2006
• 16 January 2007

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Scott Wilson

• Scott Wilson is a major international consultancy
  offering integrated professional services into
  four principal market sectors transportation,
  property, the environment and natural resources.

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Highlights

• Revenue up by 22.8 to 113.2m
• Underlying operating profit increased by 23.9 to
  7.1m
• Operating margin convergence in UK businesses
• Underlying diluted EPS 7.42p
• Maiden dividend of 1.0p per share
• Order book at record levels (250m)
• Major project wins
• Significant acquisitions

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Strategy

• Five year strategic plan 2007-2012
• Grow to be in the top 5 UK consultants
• Build on core market strengths and
  differentiators
• Improve scale and breadth of service offering
• Manage risk across geography and sectors
• Maximise benefits from global integration
• Achieve clear financial targets
• Organic growth of at least 10 pa
• Operating margin of at least 8 by 2012
• Supplement organic growth with selective
  acquisitions
• Deliver significant returns to shareholders

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Acquisitions since IPO

• Our policy is to make selective acquisitions in
  our target sectors
• Scott Wilson Pavement Engineering Ltd (May 2006)
• 30 minority interest acquired from two founder
  members
• Transport specialisation
• Roscoe Postle Associates (RPA) acquired (June
  2006)
• Specialist consultancy in mineral resources
  evaluation and exploration headquarters in
  Toronto, Canada
• 2.5m turnover

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Acquisitions since IPO (contin)

• Ferguson McIveen LLP (November 2006)
• Leading consultancy in Northern Ireland
• Other offices in Ireland, Glasgow, Chester,
  Guildford, Leeds, Middlesbrough and Swansea
• 14.0m turnover in Property, Environment and
  Natural Resources
• Cameron Taylor Group Limited (December 2006)
• Strong reputation and market presence in the UK
  property sector
• Based in London with 10 UK offices and 330 staff
• 20.5m turnover
• DGP International Ltd (December 2006)
• Particular expertise in the nuclear,
  petrochemical, pharmaceutical, water and waste
  management sectors
• 18.0m turnover in Property, Environment and
  Natural Resources

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Spread of the Business
Before acquisitions
After acquisitions
Natural Resources 10
Natural Resources 11
Environment 10
Environment 11
Property 17
Property 26
Transport 63
Transport 52

• Spread significantly improved by acquisitions
• Increased range of blue chip customers
• Over 5,000 staff
• International now 25 of total

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Major Project Wins (since IPO)
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Order Book Growth
000
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UK Central

• 
  2006 2005 Growth
• Revenue 32.6m 27.3m 19.4
• Operating profit 2.9m 2.3m 25.0
• Operating profit 9.0 8.6
• Overview
• Margin maintained above benchmark
• Dominant position in UK Roads market maintained
  increased activity in other sectors
• Acquisition of DGP International in Dec 06

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including JVs
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UK South

• 
  2006 2005 Growth
• Revenue 21.6m 19.8m 9.1
• Operating profit 1.5m 1.0m 59.7
• Operating profit 7.0 4.8
• Overview
• Margin improved and on track towards benchmark
• Restructuring measures taking effect
• Significant utilisation improvements
• Good balance of public/private/major and
  framework contracts
• Acquisition of Cameron Taylor in Dec 06

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UK Scotland Ireland

• 
  2006 2005 Growth
• Revenue 8.0m 6.5m 23.7
• Operating profit 0.7m 0.7m -7.6
• Operating profit 8.4 11.2
• Overview
• Margin at benchmark level
• Acquisition of Ferguson McIlveen in Nov 06 has
  balanced sectors and enhanced focus on Ireland

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Railways

• 
  2006 2005 Growth
• Revenue 20.3m 14.4m 40.2
• Operating profit 1.6m 1.5m 6.9
• Operating profit 8.0 10.5
• Overview
• Major project wins rapid organic growth
• Margin at UK benchmark level
• Good visibility of work for this year and next
• Order book less dependent on Network Rail
• Expanding international market
• Focus on multi-disciplinary major projects

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International

• 
  2006 2005 Growth
• Revenue 30.7m 24.1m 27.4
• Operating profit 0.4m 0.2m 79.4
• Operating profit 1.3 0.9
• Overview
• Excluding Africa, operating profit is 1.2m and
  3.9
• New business model
• Restructuring and re-focusing producing results
• Focus on major international clients
• Further margin improvement a priority

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including JVs
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Consolidated Income Statement
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Cash Flow
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Summary Group Balance Sheet
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Outlook

• Markets remain strong
• Order book is at a new record level
• First dividend to be paid Feb 2007
• Acquisitions made this year add 52m to turnover
• Prospects for full year are good

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Summary

• Revenue up 22.8
• Operating margins converging
• Order book at record levels
• Major project wins
• Significant acquisitions
• Strong markets
• Prospects for full year are good

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Appendix
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UK Offices
Abingdon Ashford Basildon Basingstoke Belfast Birm
ingham Bristol Cambridge Chelmsford Chester Cheste
rfield Crewe Dublin Edinburgh Glasgow Guildford Hi
gh Wycombe Inverness Leeds Liverpool
London Londonderry Lowestoft Manchester Mansfield
Matlock Middlesbrough Newcastle-upon-Tyne Norwich
Nottingham Peterborough Plymouth Sidcup Swansea Sw
indon Telford Thurso Warrington Westlakes York
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International Offices
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Long Term Market Drivers
Overall London Olympics 2012 Transport UK
Government 180bn 10 year plan Transport for
Londons 81bn plan up to 2025 Local Government
outsourcing Ireland International Property UK
Government investment in Urban Regeneration,
Schools Health Environment Increased
legislation Public sector demands Corporate
reputation Resources Growing global demand for
sustainable energy and resources
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RPA Acqusition
After 5 months

• Growth planned in Toronto and London
• RPA principal transferred to London to
  establish team
• Considering presence in Beijing
• Following global clients
• Sector buoyant, opportunities substantial

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Pensions