Coor Service Management Holding Ab · OMXSTO:COOR

Coor Service Management Holding Ab — Q3 2015 Earnings Presentation

14 slides from Coor Service Management Holding Ab's earnings presentation, November 2015

  1. Slide 1: Coor Service Management Third Quarter 2015 presentation

    Coor Service Management Third Quarter 2015 presentation Mikael Stöhr, President and CEO Olof Stålnacke, CFO Thomas Backteman, IR-Manager November 2015

  2. Slide 2: Coor is the Nordic market leader in IFM

    Coor is the Nordic market leader in IFM Business highlights Pan-Nordic footprint Net sales1 No.1 in Nordic IFM (Integrated Facility Management) 7% 12% Sweden Tailored customer proposition Norway 52% Denmar k Soft FM, hard FM and strategic advisory services 29% Both self-delivery and subcontracting F

  3. Slide 3: Continued growth and strong results in Norway in Q3

    Continued growth and strong results in Norway in Q3 Key targets Q3 Q2 YTD Medium- to long-term Organic +6% +9% +12% 4-5% Growth Organic net sales growth over a business cycle EBITA- Margin 4.2% 5.0% 4.8% ~5.5% Adjusted EBITA margin Cash 111% 150% N/A >90% conversion* (Adj EBITDA – CAPEX – ΔWC) / Adj

  4. Slide 4: Business Highlights Q3

    Business Highlights Q3 Business highlights Q3 • Important contract extensions ─ Danish Police (DK) ─ Vasakronan (SWE) ─ Large engineering company (SWE) ─ Other small and mid-sized contracts (Cross-Nordic) • New IFM contract with Aker Solutions in Norway • Start-up activities for Statoil off-shore •

  5. Slide 5: Country by country

    Country by country Sweden Norway Denmark Finland Q3 YTD Q3 YTD Q3 YTD Q3 YTD Net Sales Growth +/-0%+/-0% Net Sales Growth +14% +46% Net Sales Growth +8% +11% Net Sales Growth -4% +/-0% Organic Growth +/-0%+/-0% Organic Growth +22% +49 % Organic Growth +6% +7% Organic Growth -6% -4% EBITA Margin 6.2%

  6. Slide 6: Profit & Loss Statement

    Profit & Loss Statement Q3 YTD (SEKm) 2015 2014 Chg. 2015 2014 Chg. Net sales 1 806 1 728 78 5 440 4 877 563 Gross income 218 198 19 679 620 59 Gross margin 12,0% 11,5% 0,6% 12,5% 12,7% -0,2% Selling and administrative expenses -130 -106 -25 -379 -341 -38 Adjusted EBITDA 87 93 -5 300 278 22 Deprecia

  7. Slide 7: Items Affecting Comparability

    Items Affecting Comparability 2014 2015 (SEKm) FY YTD Addici - M&A -6 0 Statoil -54 -12 Other -17 -12 Total integration -76 -24 Total restructuring -11 0 Cinven monitoring fees -4 -2 Other -3 0 Total other -7 -2 Total IACs -94 -26 Transaction costs -12 -78 Total IACs including transaction costs -106

  8. Slide 8: Balance Sheet

    Balance Sheet ASSETS September EQUITY & LIABILITIES September (SEKm) 2015 2014 (SEKm) 2015 2014 Tangible assets 76 81 Total equity 2 714 1 358 Intangible assets 3 935 4 308 Financial assets 294 14 Borrowings 1 385 2 839 Total non-current assets 4 305 4 403 Other non-current liabilities 53 97 Total n

  9. Slide 9: Cash Flow

    Cash Flow Q3 YTD FY (SEKm) 2015 2014 Chg. 2015 2014 Chg. LTM Adjusted EBITDA 87 93 -5 300 278 22 425 Capex -16 -9 -7 -37 -23 -14 -46 Changes in working capital -60 105 -165 -94 -122 28 91 Adjusted cash flow from operating activities 12 189 -178 169 134 36 469 Cash conversion (%) 13% 204% -191% 56% 4

  10. Slide 10: LTM P&L – Normalized

    LTM P&L – Normalized LTM LTM (SEKm) Actual Q3 Normalized Net sales 7 406 7 406 P&L normalized for: Gross income 918 918 Gross margin 12,4% 12,4% • Transaction costs • Statoil integration cost Adjusted EBITA 376 376 EBITA margin 5,1% 5,1% • Current financing IACs -48 -20 • Tax asset recognition Trans

  11. Slide 11: LTM Cash Flow – Normalized

    LTM Cash Flow – Normalized LTM LTM (SEKm) Actual Q3 Normalized Adjusted EBITDA 425 425 Cash Flow Capex -46 -46 normalized for: Changes in working capital 91 91 Adjusted cash flow from operating activities 469 469 • Transaction costs Cash conversion (%) 111% 111% and IPO related flows IACs and transa

  12. Slide 12: Summary Q3

    Summary Q3 Organic 6% in Q3 growth 12% LTM Cash 111% Conversion 111% LTM Interesting business Opportunities opportunities across the Nordics | 12

  13. Slide 13: Q&A

    Q&A SERVICE with IQ

  14. Slide 14: Disclaimer

    Disclaimer Disclaimer statement Some statements herein are forward-looking and the actual outcome could be materially different. In addition to the factors explicitly commented upon, the actual outcome could be materially affected by other factors, for example the effect of economic conditions, exch

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