Quarterly Reports 2012

(in millions of CA$, except per share amounts)

• For the third quarter of 2012, net income attributable to SNC-Lavalin shareholders was $114.9 million ($0.76 per share on a diluted basis), compared to $124.5 million ($0.82 per share on a diluted basis) for the comparable quarter of 2011.
• For the nine-month period ended September 30, 2012, net income attributable to SNC-Lavalin shareholders was $214.5 million ($1.42 per share on a diluted basis), compared to $302.8 million ($1.99 per share on a diluted basis) for the same period of 2011.
• Net income excluding Infrastructure Concession Investments was $84.0 million for the third quarter of 2012, compared to $98.9 million for the corresponding period of 2011. SNC-Lavalin's net income from Infrastructure Concession Investments was $30.9 million for the third quarter ended September 30, 2012, compared to $25.6 million for the same quarter of 2011.
• Revenues for the nine-month period ended September 30, 2012, increased by 11.3% to $5.7 billion, compared to $5.1 billion for the same period of 2011.
• Revenue backlog remained strong, totalling $9.9 billion at the end of September 2012, compared to $10.1 billion at the end of December 2011.
• Financial position remained solid with cash and cash equivalents of $1.1 billion at September 30, 2012.
• Return on average shareholders' equity was 14.2% for the 12-month period ended September 30, 2012.
• The Board of Directors declared a cash dividend of $0.22 per share for the third quarter of 2012.