Atkinsrealis Group Inc T.ATRL

Alternate Symbol(s): SNCAF

Industrials Conglomerates

Atkinsrealis Group Inc., formerly SNC-Lavalin Group Inc., is a professional services, and project management company. It delivers end-to-end services across the whole life cycle of an asset including consulting, and advisory and environmental services. Its segments include Engineering Services; Nuclear; O&M; Linxon; LSTK Projects, and Capital. The Engineering Services segment includes consultancy, engineering, design and project management services. The Nuclear segment supports clients across the entire nuclear lifecycle with the full spectrum of services from consultancy, EPCM services, field services, technology services, spare parts, reactor support and decommissioning and waste management. The O&M segment consists of providing operations, maintenance, and asset management solutions. The Linxon segment offers engineering, procurement, management, and construction services. The LSTK Projects is comprised of the remaining LSTK construction contracts of the Company.

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Atkinsrealis Group Inc > Peer Upgrades.

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Comment by Gabrielon Feb 08, 2021 9:40am

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Post# 32499245

RE:Peer Upgrades.

Thanks.
Analysts are waiting for color on the LSTK drama.

Really it comes down to confirming the cost of completing the LSTK (about 100m as of 32/12) and the reorientation of resources to just delivering engineering services to the oil and gas and mining industries.

Also a reconfirmation that Infrastructure LSTK projects are projected to be cash flow positive over the cycle. They are in partnership with other major players like Aecon and SNC is not alone here. Plus they have always been profitable. Note that these should not be qualified as LSTK as they include an O&M component I believe so they are not turn key by definition. This was confirmed by a colleague.

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