BIRD CONSTRUCTION INC.

As a leading builder in Canada with offices coast-to-coast, Bird Construction has been providing construction services to a long list of new and repeat clients since 1920. Reflecting its broad scope, Bird's clients include leading firms in the energy, mining, commercial, institutional, retail, multi-tenant residential, industrial, water and wastewater, renewables, nuclear, and civil sectors.

Today, Bird is a publicly-traded corporation with employees forming a strong shareholder group. This enhances the degree to which employees at all levels commit to our clients. A hands-on approach to the business has given Bird an edge in being able to make decisions quickly and adapt to the requirements of our clients. Bird has been proudly building Canada for over a century. From providing key infrastructure to building military bases, complex industrial facilities, and thousands of homes, Bird has made an impact in the industrial, commercial, institutional, and mining sectors. Bird Construction has been providing construction services to a long list of new and repeated clients since 1920. They have now joined forces with Stuart Olson to further broaden our scope and service offering for clients including leading firms in the commercial, institutional, retail, multi-tenant residential, industrial, mining, water and wastewater, energy, renewables, nuclear, and civil sectors.

Bird’s 2022-2024 Strategic Plan, approved in the third quarter, focuses on the further development of the Company’s team, strong project execution, and the diversification of service offerings across Canada. Management believes that the achievement of its strategic objectives in three years will position Bird as a leader across the industry with world-class safety, high employee engagement, and collaboration across Bird’s teams and operating groups.

The plan keeps true to Bird’s roots of providing superior client service, delivering first- class project execution, and maintaining a strong balance sheet with a balanced approach to capital allocation. Further details of the plan were presented as a part of Bird’s investor day materials, which can be found under the “Investors” section on the Company’s website. Bird’s Strategic Plan is built upon the three pillars of Team, Perform, and Diversify:

1. The Company will focus on internal partnerships and shifting from a district focus to a national focus by leveraging cross-selling opportunities between teams, as well as sharing expertise in certain sectors nationally.

2. The Company will maintain a diligent focus on capitalizing on cross-selling opportunities, increasing its project self-perform capabilities, pursuing higher margin potential projects, and providing innovative client solutions. The harmonization and development of new processes, tools, and systems to support consistent performance and efficiency will ensure that Bird employees will have a common and nimble technology platform that provides the necessary agility, consistency, and innovation required to successfully respond to the constantly evolving landscape.

3. Within the industrial sector, Bird will pursue a strategy of continued organic growth coupled with increasing the geographic balance of operations through expansion. This will be supported by strategic, accretive acquisitions, and by providing existing service offerings to long-standing clients’ eastern operations. The augmentation of self-perform maintenance, repair, and operations services provides a source of consistent recurring revenue.

The commercial systems business will expand targeted capabilities nationally and grow in markets with limited competition. This will include the expansion of the specialized security and facilities maintenance services portfolios with current clients, as well as expanding mechanical service offerings nationally. The recent acquisition of Dagmar provides a platform to expand Bird’s national civil capabilities, including self-perform capacity, across key civil infrastructure sub-sectors including road, bridge, rail, and underground utility installation. In addition to enhancing Bird’s competitive position nationally, it also contributes to increased diversification in a growing end-market with a strong outlook bolstered by government infrastructure commitments.