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2015 HIGHLIGHTS
FINANCIAL HIGHLIGHTS – CONTINUING OPERATIONS
Revenues increased 9.7 % to $ 327.1 million
Adjusted EBITDA is $ 34.4 million
Net earnings from continuing operations is $ 9.5 million
Earnings per share from continuing operations is $ 0.49
Total debt reduced by $ 25.2 million
Successful refinancing of $ 90.0 million senior lending facilities
Completion of fully subscribed rights offering with over
$ 8.9 million in net proceeds
Redemption of 5.75% of convertible unsecured subordinated
debentures for $ 20.0 million
OPERATIONAL HIGHLIGHTS
Successfully delivered the integrated design, planning, and
operations for the 2015 Toronto Pan Am / Parapan Am Games
Awarded design co-lead for one of North America’s largest
transportation projects, the Eglinton Crosstown Light Rail Transit
Expanded our education offering, IBI Learning+
Two of the world’s largest hospitals, designed by IBI Group,
opened in 2015
Continued to dominate the high-rise residential sector in Canada,
while making a push into key US markets
Delivered the international award-winning traffic management
systems software that keeps Metro Vancouver moving
2015 CONTENTS
INTRODUCTION ......................................................................................2
MOVE .....................................................................................................4
LEARN ...................................................................................................8
LIVE ..................................................................................................... 12
HEAL .................................................................................................... 16
MISSION, VISION, VALUES ....................................................................20
IBI AT A GL ANCE....................................................................................22
THE NOW, THE NEW, AND THE NEXT .................................................... 24
MESSAGE FROM THE CEO ....................................................................26
MESSAGE FROM THE PRESIDENT .........................................................28
MESSAGE FROM THE CHAIR OF THE BOARD ........................................30
2015 FINANCIALS .................................................................................. 31
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TODAY, 80% OF THE
WORLD’S GDP IS
GENERATED IN CITIES.
BY 2050, ALMOST 70%
OF THE WORLD WILL LIVE
IN CITIES.
OUR GLOBAL CITIES MUST
ANSWER THE CALL AND
IBI GROUP IS PRIMED TO
LEAD THE WAY.
Our future is in cities.
As the world shifts toward a level
of urbanism yet unseen, it’s the
makers, builders, and creators
of cities that will shape this bold
new urban world.
2
DEFINING THE
CITIES OF TOMORROW
TOWARDS THE RESILIENT CITY
The lines between the places we live,
learn, work, and heal are becoming
increasingly blurred. IBI Group’s
interdisciplinary expertise in the
residential, transportation, education,
and healthcare sectors, and our
excellence in intelligent systems,
interiors, workplaces, innovation
districts, and global events amongst
others, positions IBI as a world leader
in defining the cities of tomorrow.
TOWARDS THE RESILIENT FIRM
An integrated service offering, sound
financials, and a team of the world’s
leading urbanists places IBI firmly
at the forefront of growth markets
in a rapidly urbanizing world.
MOVING THE WORLD
In 2015, IBI delivered seven of
Canada’s largest infrastructure
projects. These projects
require the transit-oriented
developments and facilities
that IBI has proven can
design and deliver.
FOCUSING ON LEARNERS
IBI is designing for learner-
focused education in local
schools, colleges, and
innovation districts.
CONNECTING HOME
AND COMMUNIT Y
With residential projects
around the world, IBI thinks
about the neighbourhood first.
TRANSFORMING HEALTHCARE
IBI is a leading player in
the design of advanced
healthcare facilities.
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CUMULATIVE
LAND
TRANSPORT
INFRASTRUCTURE
EXPENDITURES
WILL REACH
$120 TRILLION
BY 2050.
E
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The experience of motion…
How we move determines the
form, shape, and success of
our communities. By placing
the experience of mobility at the
centre of the design, planning, and
operation of complex multi-modal
projects, IBI Group is shaping
future urban environments.
4
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THE MANDARIN RESIDENCES AT BRIGHOUSE STATION
RICHMOND, BC, CANADA
EGLINTON CROSSTOWN LIGHT RAIL TRANSIT (ECLRT ) – CHAPLIN STATION
TORONTO, ON, CANADA
.
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A WORLD IN MOTION
IBI Group brings together
the intelligence, buildings, and
infrastructure that constitute
transit-oriented development.
From mixed-use development
catalyzed by the Canada Line in
Vancouver to municipal and regional
infrastructure projects like Toronto
Eglinton Crosstown and the Calgary
Green Line in Canada, to large-
scale projects incorporating smart
city technologies in Los Angeles,
Glasgow, and Bhubaneswar,
IBI is keeping the world moving.
And the time is now—globally,
billions of dollars of infrastructure
investment is planned for the
mobility sector over the next
several years.
Transportation is essential to
creating livable, accessible cities
of the future and IBI is a leading
global player.
IBI GROUP
BY THE NUMBERS
80 20
80 BUS RAPID TRANSIT PROJECTS
(TO DATE) INCLUDING 20 UNDERWAY
(2015)
66 12
66 LIGHT RAIL TRANSIT PROJECTS
(TO DATE) INCLUDING 12 UNDERWAY
(2015)
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PAN AM / PARAPAN AM GAMES – SPECTATOR OPERATIONS CONTROL CENTRE
LOCATED AT IBI CORPORATE HEADQUARTERS
TORONTO, ON, CANADA
TODAY,
SUCCESS IS
INCREASINGLY
DEFINED BY
ENTREPRENEURIAL
INNOVATION,
THE KIND OF
AGILE THINKING
PROMOTED IN
MAKER EDUCATION.
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The distribution of learning …
We no longer learn in classrooms
or on university campuses alone.
Enabled by the increasing bonds
between learning, science, and
technology, the industry of learning
is shifting. From innovation districts
to forging new partnerships,
IBI Group is teaming up with top
educators to become thought
leaders in learning.
8
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ALL IMAGES ON THIS SPREAD
DR. KIRK LEWIS CAREER AND TECHNICAL HIGH SCHOOL
PASADENA, T X, USA
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BRINGING GLOBAL
PERSPECTIVES HOME
The experience of learning is
deeply embedded in community
and sense of place. But the future
of learning also means bringing
new perspectives to where and
how we learn. IBI Group’s Learning+
practice taps local practitioners
with deep community roots who
also draw on global best practices.
By partnering with leading educators
to design evolving learning
environments, IBI is helping build a
bright future for the next generation.
IBI GROUP
BY THE NUMBERS
215
EDUCATION PROJECTS IN DESIGN
OR UNDER CONSTRUCTION (2015)
200,000+
IBI CONTRIBUTED TO IMPROVING
LEARNING OUTCOMES FOR
APPROXIMATELY 200,000+
STUDENTS GLOBALLY (2015)
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DEMAND FOR
RESIDENTIAL
SPACE IS RISING,
BOLSTERED BY
INCREASED GDP
PER CAPITA AND
REDUCTION OF
HOUSEHOLD SIZE.
E
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Living beyond four walls …
Bolstered by the global shift
toward densification, demand for
residential space in cities is on the
rise worldwide. Instead of looking
outward, IBI Group is connecting
people to the city ecosystem by
extending the home far beyond
its four walls.
12
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ONE BURRARD PL ACE
VANCOUVER, BC, CANADA
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CONNECTING HOME
AND COMMUNITY
Urban dwellers desire diversity,
visual interest, proximity, and access.
IBI Group’s global projects show
our ability to design scalable mixed-
use communities that are intrinsically
connected to the community.
Our work in education, healthcare,
transportation, and technology,
as well as mixed-use architecture,
allows us to bring the richness
of community, home.
IBI GROUP
BY THE NUMBERS
465
BUILDINGS IN DESIGN OR
UNDER CONSTRUCTION (2015)
92,775
RESIDENTIAL UNITS IN DESIGN
OR UNDER CONSTRUCTION (2015)
4,336
HOTEL UNITS IN DESIGN OR
UNDER CONSTRUCTION (2015)
150,000+
IBI HAS ACCOMMODATED 150,000+
PEOPLE WITH LIVING SPACE (2015)
—A SMALL CIT Y
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THE AGING
POPULATION
IN DEVELOPED
ECONOMIES WILL
REQUIRE MORE
INVESTMENT IN
HEALTHCARE.
L
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The shift toward wellness …
Healthcare should not be
understood as just primary care
in hospitals. From technologically
enabled models that allow
elderly patients to receive high
quality care at home to delivering
sustainable water solutions to
city environments, IBI Group is
leading a global paradigm shift
toward wellness.
16
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ALL IMAGES ON THIS SPREAD
QUEEN ELIZ ABETH UNIVERSIT Y HOSPITAL / THE ROYAL HOSPITAL FOR CHILDREN
GL ASGOW, SCOTL AND, UK
TRANSFORMING
HEALTHCARE INSIDE AND
OUTSIDE INSTITUTIONS
IBI Group’s Healthcare+ practice
is leading the shift toward wellness
with the design and delivery of two
of the world’s premiere healthcare
facilities—the LEED ® Gold certified
McGill University Health Centre in
Montreal and the Queen Elizabeth
University Hospital / Royal Hospital
for Children, Glasgow.
Contemporary preventative care,
individual wellness, and healthy cities
require smart systems, distributed
healthcare delivery, and patient-
centred, cross-institutional care.
By applying a multidisciplinary
approach to design and application,
IBI is at the forefront of the global
shift toward wellness.
IBI GROUP
BY THE NUMBERS
1,500+
PROJECTS WITHIN THE GLOBAL
HEALTHCARE SECTOR (TO DATE)
1,829,864 SQ FT
SIZE OF THE QUEEN ELIZABETH
UNIVERSIT Y HOSPITAL (QEUH)
IN GL ASGOW (COMPLETED 2015)
1,109 240
1,109 ADULT BEDS AND 240 CHILDREN
BEDS PROVIDED BY THE QEUH (2015)
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OUR MISSION
Defining the Cities of Tomorrow
We define how cities look, how cities
feel, and how cities work.
OUR VISION
We are the global partner to plan,
design, build, and sustain the
cities of tomorrow.
We are holistically minded, design
inspired, and technology driven.
OUR VALUES
Integrity
We do what is right.
Partnerships
We work together.
Excellence
We pursue design excellence.
Innovation
We embrace ingenuity.
Community
We build community.
KING BLUE
TORONTO, ON, CANADA
20
Cities aren’t born,
they’re made.
From the roads, highways, transit lines, and
master plans that are the foundation of the
city to the buildings that transform space
into the places in which we move, live, learn,
and heal—at IBI Group, we make cities.
But cities cannot run on form and function
alone. They must be smart. We need
thinking cities, armed with intelligent
systems to improve sustainability, economic
competitiveness, and the quality of life for
those who call the city home—its people.
At IBI, we make cities.
People give them life.
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Founded 1974
Publicly Traded since 2004
2015 Revenues from
Continuing Operations:
$ 327.1 Million
IBI Group is the eighth largest
architecture firm in the world.
—World Architecture 100, 2015
CORPORATE HEAD OFFICE: TORONTO
COUNTRIES
REGIONS
OFFICES
EMPLOYEES
11 6
THREE SECTORS OF EXPERTISE
63
2400
Intelligence
Buildings
Infrastructure
Software
Systems Design
Systems Integration
Architecture
Interior Design
Mechanical,
Structural, and
Electrical
Engineering
Civil Engineering
Landscape Architecture
Planning
Transportation
Urban Design
CANADA WEST
20% OF REVENUES
CANADA EAST
34% OF REVENUES
USA WEST
14% OF REVENUES
USA EAST
17% OF REVENUES
INTERNATIONAL
5% OF REVENUES
UK /IREL AND
10% OF REVENUES
EUROPE
MIDDLE EAST
INDIA
CHINA
MEXICO
CARIBBEAN
22
2015 HIGHLIGHTS
2015 PAN AM / PARAPAN AM GAMES
TORONTO, ON, CANADA
Client Ministry of Transportation, Ontario
Integrating planning, design, and operations into
one offering, IBI helped deliver a successful Games.
INDIA SMART CITIES CHALLENGE
BHUBANESWAR, INDIA
Client JLL India
IBI envisioned the creation of an integrated city
operations and maintenance centre, as well
as transformation of the heart of the city into
a 965-acre district.
LOS ANGELES COUNT Y 511
TRAVELER INFORMATION SYSTEM (TIS)
LOS ANGELES, CA, USA
Client LA METRO / LA SAFE
IBI is the prime contractor for the development,
deployment, and operation of this TIS for the
five-county Greater Los Angeles area.
AVORA AT PORT IMPERIAL
NEW JERSEY, NJ, USA
Client Landsea Holdings Corp.
From a green roof to floor plates that shift
with the orientation of the sun, this LEED ® Silver
condominium rises high above the Hudson.
EGLINTON CROSSTOWN
LIGHT RAIL TRANSIT (ECLRT)
TORONTO, ON, CANADA
Client Metrolinx
IBI was awarded design co-lead for Toronto’s
ECLRT, a 19 km LRT line that includes 25
stations—one of North America’s largest
transportation projects.
IBI HEALTHCARE CHALLENGE
GLOBAL INTERNAL EVENT
The Healthcare Challenge harnessed the talent,
energy, and creativity across the firm to initiate real
world solutions that address global health issues.
IBI AT A GLANCE
We are a globally
integrated architecture,
planning, engineering,
and technology firm.
We design every aspect
of a truly integrated city
for people to live, work,
and play.
“IBI today not only has the
capability to define the cities
of tomorrow, it has the sound
corporate infrastructure in
place to define a sustainable
future of its own.”
—Turnaround Management Association
(TMA) International Turnaround Company
of the Year, 2015
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THE NOW, THE NEW, AND THE NEXT
In 2015, IBI Group experienced the first full year
under our new Strategic Plan and we exceeded
almost all the goals set out in the plan for the year.
Looking forward, the long-term outlook for our industry
is bright.
Global investment in infrastructure, buildings, and
intelligence remains high in emerging and maturing markets,
while deepening public-private partnerships are opening
up new pathways for public and private sector investment.
Of particular relevance to IBI Group is transit-oriented
development. Expanding means and modes of
transportation are producing new hubs of urban growth
with demand for transportation infrastructure, mixed-
use housing, education, and healthcare facilities to
name a few.
The IBI Group Strategic Plan provides a platform for these
core business lines to grow, and for IBI to become a global
leader in defining the livable communities of today, and the
resilient cities of tomorrow.
WORKING THE STRATEGIC PLAN IN 2016
In each quarter of 2015, the firm achieved year over
year growth.
We have continued to roll out structural and operational
changes for marketing our services, supporting our
talent, and implementing new design technologies.
This year, our finance, legal, and technology teams
implemented new processes to help the firm manage
risk, simplify procedures, and create the conditions
to stimulate growth.
In 2016, we will look to expand our core practices and
deepen client engagement in key growth markets such
as the United States.
Other areas of focus will be the impact of climate change,
shifting demographics, and emerging technologies
on our markets, our clients, and our services.
IBI is strongly positioned in all of our markets with major
transportation projects coming on-stream in Canada,
and expanding healthcare, hospitality, residential projects,
and smart city initiatives around the world.
24
2015 GOALS, STRATEGIES, AND PERFORMANCE
GOALS
STRATEGIES
2015 METRICS
2015 PERFORMANCE
GROW TH
A FOCUSED APPROACH
INCREASE OUR TOP-LINE
Grow our fee-
based professional
services business.
Focus on major revenue
generators, pursue areas
that have potential for
substantial growth, and
concentrate on higher
margin services.
REVENUE CONSISTENT
WITH INDUSTRY NORMS
2015 REVENUE
OF $ 3 27.1 MILLION
FINANCIALS
Provide a stable,
sustainable
financial base.
EFFICIENT AND
SUSTAINABLE
Continue to improve our
financial operations and
work on a sustainable
and productive long-
term relationship with
capital markets.
ACHIEVE AN EBITDA
CONSISTENT WITH
INDUSTRY NORMS,
WHICH ARE T YPICALLY
8 –12%
REDUCE DAY SALES
OUTSTANDING (DSO)
OPERATIONS
Maximize efficiency
and effectiveness.
GLOBAL FIRM,
PROFESSIONALLY
MANAGED
Consolidate / regionalize
services, implement
effective internal processes
and systems, and improve
operational efficiency
and responsiveness.
INCREASE FEE REVENUE
SHARE ON PROJECTS BY
LEVERAGING INTERNAL
EXPERTISE
INCREASE
COLL ABORATION
BET WEEN OFFICES
TALENT
THOUGHT LEADERSHIP
REDUCE VOLUNTARY
Nurture and
develop our internal
pool of talent.
Encourage a culture of
curiosity and innovation,
engage, support and
mentor staff, and hire
the best and brightest.
TURNOVER
DEVELOP GREATER
DIVERSIT Y AMONG STAFF
EBITDA 10.5%
DSO REDUCED TO 85 DAYS
• CREATED PRACTICE
LEADER ROUNDTABLE
DISCUSSIONS
• ESTABLISHED TASK FORCE
TO ENHANCE CROSS-
BORDER IDEA-SHARING
• ADOPTION OF UNIVERSAL
DESIGN TECHNOLOGY
• LAUNCHED GLOBAL,
CROSS-SECTORAL DESIGN
COMPETITION
VOLUNTARY TURNOVER
REDUCED BY 3.4 %
FOSTER EMERGING
TALENT THROUGH
SCHOL ARSHIP AND
LEADERSHIP PROGRAMS
AGILIT Y
Increase flexibility,
adaptability,
and resilience.
A NET WORKED AND
DIVERSIFIED COMPANY
Diversify our regional
services, strengthen our
cross-sector initiatives,
share resources and
information, and
collaborate across
geographies.
INCREASE OUR
INTELLIGENCE REVENUE
SHARE IN THE BUILDINGS
AND INFRASTRUCTURE
SECTORS
• INTELLIGENCE REVENUE
INCREASING
• CONTINUING WORK ON
NEW BUSINESS MODELS
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“… the firm is
stronger than ever
and well prepared
to anticipate
and respond to
evolving trends and
economic forces.”
26
MESSAGE FROM THE CEO,
SCOTT STEWART
2015 was a year where IBI Group was able to put challenges
of the past behind us, and concentrate on positioning the
firm to take advantage of the bright prospects that our sector
holds for the future. It was, in short, a very good year.
The financial highlights of 2015 are significant:
• Adjusted EBITDA grew from $ 23.7 million in 2014 to $ 34.4 million in 2015, a 45.1% increase;
• DSO’s were reduced from 100 days at the beginning of the year to 85 days,
a 15.0% reduction;
• Total debt was reduced by $ 25.2 million, a 13.3% reduction;
• Total fee revenue for 2015 was $ 327.1 million, an increase of 9.7% over 2014;
• We put in place a $ 90 million senior lending facility providing financing through to June 2018.
The growth of our professional practice is equally impressive in scope
and diversity as witnessed by the opening of two of the largest hospitals
in the world (the Queen Elizabeth University Hospital / Royal Hospital for
Children in Glasgow and the McGill University Health Centre in Montreal),
both designed by IBI; the design and supervision of over 90,000 residential
units across North America; our role as the co-design lead on the Eglinton
Crosstown LRT, one of the largest transportation infrastructure projects
in North America; the design of over 215 schools accommodating some
200,000 students; and the delivery of the new transportation management
and control system for Metro Vancouver, recognized as the best new
system in the world by the ITS World Congress. These projects are but
a sample of the firm’s body of work, but illustrate the focus on urban
environments and the themes of ‘move, live, learn, and heal.’
The firm continued its investment in corporate services and staff
development including an Enterprise Resource Planning (ERP) system
to improve management information and project controls; project
management training to improve the quality of our services; and
investments in new technologies and procedures to support collaboration
and improve efficiency and quality across the firm. There has been a major
focus on communications, outreach, and engagement with staff including
town hall meetings, roundtable discussions, special committees, and
internal design competitions. We have also announced an IBI scholarship
program, investing in future leaders of the firm. The result—a more skilled
and engaged workforce and a more agile and resilient organization.
As we look to 2016 and beyond, IBI is well positioned for the future.
Our backlog is the highest it has ever been, urbanization continues as
a compelling movement worldwide, and major investments are planned
and required in urban infrastructure. There are challenges, but the firm
is stronger than ever and well prepared to anticipate and respond to
evolving trends and economic forces.
SCOTT STEWART
CEO
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MESSAGE FROM THE PRESIDENT,
DAVID THOM
2015 was the first full year of application of our three year
Strategic Plan. It is proving to be an effective blueprint to
guide our day-to-day operations and has enabled us to
meet our yearly goals for growth, financial performance,
operational efficiency, nurturing of talent, and agility in
responding to constantly changing market conditions.
This was a pivotal year in aligning our practice areas with the issues
that impact our clients—resilience, adaptability, responsiveness,
user experience, and quality of life.
• Our education practice, IBI Learning+, has experienced significant
growth. Using thought leadership and application of global best
practices, we are making our mark on learning.
• We have enhanced the capabilities of our health practice,
IBI Healthcare+ to span large hospitals, small community
facilities, assisted living, and seniors housing.
•
Leveraging IBI Group services through an integrated offering that
combines urban design, landscape architecture, and interiors,
we have successfully exported our Mixed-Use Urban High-Rise
expertise into US markets, including New York City, San Francisco,
and Southern California.
• Bolstered by major wins for some of Canada’s largest transit
systems, our established and award-winning Transportation
practice spans urban policy and planning, transit-oriented
development, architecture, and mobility technologies allowing
for a seamless integration of services.
In parallel with the evolution of the different practice areas, 2015 saw
the first meeting of the One IBI Roundtable—a rotating body of our senior
practitioners from different sectors who meet regularly to discuss future
business drivers, and provide thought leadership and direction across
the firm. Themes included the role of digital technology, collaboration,
and the imperative of innovation to drive top-line growth.
On account of the accomplishments of 2015, the year ahead is promising.
We have greater insight into where future opportunities lie, allowing us
to continue to develop the practice areas that increase our agility and
resilience while focusing on the experience of the end-user. We are
aligning our firm with the realities faced by cities and the needs of our
clients, positioning us as leaders in ‘defining the cities of tomorrow.’
Looking forward to 2016, we are committed to the continued execution
of our Strategic Plan and living our core values of integrity, partnerships,
excellence, innovation, and community.
DAVID THOM
PRESIDENT
28
“We are aligning our
firm with the realities
faced by cities and
the needs of our
clients, positioning
us as leaders in
‘defining the cities
of tomorrow.’ ”
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29
“IBI Group
is shaping
future urban
environments.”
30
MESSAGE FROM THE CHAIR
OF THE BOARD, DALE RICHMOND
The past three years have served as a powerful
demonstration of what vision and leadership can
do for an organization.
Since taking on the leadership of IBI Group in 2013, Scott
Stewart, our CEO, and David Thom, our President, have
successfully positioned IBI for short and long-term growth.
Together, they have led IBI through a transformation, resulting
in the firm earning its place as a world leader in defining the
cities of tomorrow.
Under their leadership, IBI has significantly improved its balance
sheet. Today, revenue has grown, the backlog of work to be
completed is very healthy, and profitability has improved rapidly
with margins exceeding 10%. These accomplishments have
increased our share price to the benefit of all shareholders.
With the continued roll out of the structural and operational
changes that have driven quarter after quarter of positive
growth, all signs point toward a very promising future for IBI.
Working with senior management, the Board will continue
to provide diligent stewardship and oversight to guide IBI
toward a strong and sustainable future.
IBI Group is shaping future urban environments.
DALE RICHMOND
CHAIR OF THE BOARD
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B-37
B-38
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B-39
INDEX
pg.2 Introduction
McKinsey Global Institute. (2011, March).
Urban World: Mapping the Economic Power of Cities,
Exhibit 6. Retrieved from http://www.mckinsey.com/~/
media/McKinsey/dotcom/Insights%20and%20pubs/
MGI/Research/Urbanization/Urban%20world%20
mapping%20economic%20power%20of%20cities/
MGI_urban_world_mapping_economic_power_of_
cities_full_report.ashx
pg.4 Move
United Nations. (2014 Revision n.d.). World Urbanization
Prospects: Figure 2. Retrieved from http://esa.un.org/
unpd/wup/Highlights/WUP2014-Highlights.pdf
OECD/IEA. (2013 n.d.). Global Land Transport
Infrastructure Requirements, Figure 12. Retrieved
from https://www.iea.org/publications/freepublications/
publication TransportInfrastructureInsights_FINAL_
WEB.pdf
pg.8 Learn
“What Would a MakerEd Manifesto Say?” by sciteach212,
Edutopia. Retrieved from http://www.edutopia.org/
discussion/what-would-makered-manifesto-say
pg.12 Live
McKinsey Global Institute. (2012, June). Urban World:
Cities and the Rise of the Consuming Class, Exhibit
A5. Retrieved from http://www.mckinsey.com/~/
media/McKinsey/dotcom/Insights%20and %20pubs/
MGI/Research/Urbanization/Urban%20world%20
-%20Rise%20of%20the%20consuming %20class/
MGI_Urban_world_Rise_of_the_consuming_class_
Full_report.ashx
pg.16 Heal
“World Population Prospects: The 2012 Revision,” by
United Nations, Department of Economic and Social
Affairs. Retrieved from http://esa.un.org/unpd/wpp/
Excel-Data/population.htm
B- 40
BOARD OF DIRECTORS,
IBI GROUP
MANAGEMENT
TEAM
SHAREHOLDER
INFORMATION
Scott Stewart
CEO
David Thom
President
Stephen Taylor
CFO
Kevin Bebenek
Canada East Regional Lead
Mike Pankiw
Canada West Regional Lead
Tim Foley
US East Regional Lead
David Chow
US West Regional Lead
Paul Hewes
United Kingdom / Ireland
Regional Lead
Trevor McIntyre
International Regional Lead
Transfer Agent
CST Trust Company
Toronto, ON
Auditors
KPMG LLP
Toronto, ON
Principal Bank
Toronto Dominion Bank
Securities Exchange Listing
IBI Group shares are traded on
the Toronto Stock Exchange
under the symbol IBG
Investor Relations
Bayfield Strategy, Inc.
Annual Meeting
May 11, 2016
10:00 am
Dentons Canada LLP
TD North Tower,
Toronto-Dominion Centre
5th Floor, 77 King Street West
Toronto, ON M5K 0A1 Canada
Scott Stewart
Toronto, ON
CEO, IBI Group
David Thom
Vancouver, BC
President, IBI Group
Dale Richmond
Oakville, ON
Independent Director;
Chair of the Board of Directors;
Member of the Audit Committee;
Chair of the Governance and
Compensation Committee
Lorraine Bell
New York City, NY
Independent Director;
Chair of the Audit Committee
Jane Bird
Vancouver, BC
Independent Director;
Member of the Governance
and Compensation Committee
Dr. Juri Pill
Etobicoke, ON
Independent Director;
Member of the Audit Committee;
Member of the Governance and
Compensation Committee
Angela Holtham
Mississauga, ON
Independent Director;
Member of the Audit Committee;
Member of the Governance
and Compensation Committee
Detailed biographies of the Members
of the Board are available in the Annual
Information Form (AIF).
COMMON SHARES TR ADE AS IBG
6.0% JUNE 30, 2018 DEBENTURES WITH A $ 21 CONVERSION PRICE TRADE AS IBG.DB.B
7.0% JUNE 30, 2019 DEBENTURES WITH A $19.17 CONVERSION PRICE TRADE AS IBG.DB.C
7.0% JUNE 30, 2019 DEBENTURES WITH A $ 5 CONVERSION PRICE TRADE AS IBG.DB
All amounts in this repor t are presented in Canadian Dollars (CAD).
S
L
A
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B- 41
CONTACT
CORPORATE HEAD OFFICE
Scott Stewart, CEO
55 St. Clair Avenue West, 7th Floor
Toronto, ON M4V 2Y7 Canada
Tel +1 416 596 1930
CANADA EAST (13 OFFICES)
Kevin Bebenek, Regional Lead
55 St. Clair Avenue West, 7th Floor
Toronto, ON M4V 2Y7 Canada
Tel +1 416 596 1930
CANADA WEST (4 OFFICES)
Mike Pankiw, Regional Lead
Suite 300–10830 Jasper Avenue
Edmonton, AB T5J 2B3 Canada
Tel +1 780 428 4000
US EAST (14 OFFICES)
Tim Foley, Regional Lead
635 Brooksedge Boulevard
Westerville, OH 43081 USA
Tel +1 614 818 4900
US WEST (13 OFFICES)
David Chow, Regional Lead
315 West 9th Street, Suite 600
Los Angeles, CA 90015–4206 USA
Tel +1 213 769 0011
UNITED KINGDOM / IRELAND
(10 OFFICES)
Paul Hewes, Regional Lead
87–91 Newman Street
London W1T 3EY United Kingdom
Tel +44 20 7079 9900
INTERNATIONAL (9 OFFICES)
Trevor McIntyre, Regional Lead
55 St. Clair Avenue West, 7th Floor
Toronto, ON M4V 2Y7 Canada
Tel +1 416 596 1930
For more information about specific offices,
visit www.ibigroup.com/contact
B- 42
ABOUT THIS PUBLICATION
Written and Edited by
Charles Finley and Michelle Connolly
Designed and Produced by
Robyn Gillrie
Portraiture by
Linden Laserna
QA Review by
Jenny Seo
Design Review by
Raisa Hasanen
Production Support by
Tracy Choi and Melanie Carter
Printed by
Hemlock Printers Ltd.
IBI Group’s 2015 Annual Report is printed on
FSC ® Certified Paper. This paper has been certified
to meet the environmental and social standards of
the Forest Stewardship Council ® (FSC) and comes
from well-managed forests and other responsible
sources. Cover enhancements have been created
with a UV spot and flood varnish treatment.
For more information about IBI Group,
please visit www.ibigroup.com
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