2020 Year-in-Review

IBI Group is a technology-driven design firm with global architecture, engineering, planning, and technology expertise delivered across three core sectors: Intelligence, Buildings and Infrastructure.

2020 MD&A + Financials2021 Annual Meeting
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Our Professionals

Our professionals have a broad range of academic backgrounds and experience in architecture, engineering, interior design, landscape architectureplanning and urban design, and systems and technology, among many other areas of expertise, all contributing to our three core sectors.

Our Clients

Our clients include national, provincial, state and local government agencies and public institutions, as well as leading privatesector companies in the real estate, land and infrastructure development, construction, transportation and communications sectors, and in a variety of other adjacent industries.

Financial Highlights

As cities transform at a rapid pace, IBI is proud to lead the revolution, using technology to better design solar-powered buildings, plan public transit, and empower change management, among countless other applications. We have always believed in the power of technology and today, more than ever, we are dedicated to harnessing its potential.

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$393.2 Million

Net Revenue (M)

$61.0 Million

Adjusted EBITDA1,2 (M)

$15.5 Million

Adjusted EBITDA1,2 Margin

$57.2 Million

Net Debt1 (M)


Net Debt to Adjusted EBITDA1 multiple

$53.7 Million

Cash Flow from Operating Activities (M)


2013 – 2020

Net Revenue Contribution by Sector
CAGR on Adjusted EBITDA1,2
2013 – 2020

(1) Non-IFRS Measures and Forward Looking Statement Advisory: The Company uses certain terms in this report and within the MD&A, such as ‘adjusted EBITDA’, which does not have a standardized or prescribed meaning under International Financial Reporting Standards (IFRS), and, accordingly this measurement may not be comparable with the calculation of similar measurements used by other companies. For a reconciliation of each non-IFRS measure to its nearest IFRS measure, please refer to the “Definition of Non-IFRS Measures” section in the MD&A for applicable definitions, calculations, rationale for use and reconciliations to the most directly comparable measure under IFRS. Non-IFRS measures are provided as supplementary information by which readers may wish to consider the Company’s performance but should not be relied upon for comparative or investment purposes.

(2) Adjusted EBITDA net of IFRS-16 impacts

Get the Full Picture

Learn more about IBI’s financial performance through 2020 in our MD&A and Financial Statements for the year ended December 31, 2020.