Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q2 2024 Earnings Presentation
17 slides from Coor Service Management Holding Ab's earnings presentation, Jul 12, 2024
Slide 1: Interim report Q2 2024
Interim report Q2 2024 July 12, 2024 AnnaCarin Grandin, President and CEO Andreas Engdahl, CFO and IR Director
Slide 2: Coor is the leading FM provider in the Nordics
Coor is the leading FM provider in the Nordics ... with a clear ambition of becoming truly sustainable ~13,000 employees Business Social Environmental • Stable financial • Engaged and • Responsible development motivated employees consumption • High customer • Zero accidents and • Net Zero 2040 satis
Slide 3: Net Sales segmentation
Net Sales segmentation Net Sales (LTM) 12.6 bnSEK
Slide 4: Agenda
1. Key highlights in the quarter 2. Financial performance Agenda 3. Sum-up and Q&A
Slide 5: Key highlights
Key highlights • Successful prolongations • 18 months prolongation of IFM contract with the Danish Police • Contracts prolonged with Attendo, SSAB in Finland, Vasakronan in Sweden, Storebrand and Ringnes in Norway and Falck in Denmark • Strong retention rate, 94% H1 2024 • Extended partnership with
Slide 6: Exploring technological trends in buildings and facility management
Exploring technological trends - in buildings and facility management • Third report in our "Join the Workplace Revolution" series describing trending technology in property and facility management • New technology is shaping the future of FM • Coor's key takeaways • AI is coming • Confidence in exp
Slide 7: First half of the year with successful contract extensions
First half of the year with successful contract extensions Business responsibility Q2 2024 Q2 2023 LTM Mid-long term target Organic growth -1% 2% 2% 4-5% Organic net sales growth over a business cycle Acquired growth 1% 2% 3% n/a Adj. EBITA margin 5,1% 5,1% 4,9% ~5,5% Adj. EBITA margin Cash conversi
Slide 8: Positive sustainability trends
Positive sustainability trends Social and environmental responsibility Q2 2024 Q2 2023 Mid-long term target Engaged and motivated employees 1 - 761 ≥70 Employee motivation index (EMI) Safe work environment2 ≤3.5 6.0 6.8 Total number of accidents x 1,000,000/ Total Recorded Injury Frequency (TRIF) nu
Slide 9: Agenda
1. Key highlights in the quarter Agenda 2. Financial performance 3. Sum-up and Q&A
Slide 10: Sales and Adj. EBITA development
Sales and Adj. EBITA development Profit & Loss Q2 LTM 2024 2023 Chg. 2024 2023 Net sales 3 180 3 162 18 12 607 12 443 Adj. EBITA 161 161 0 613 606 Adj. EBITA margin 5,1% 5,1% 0,0% 4,9% 4,9% EBIT 131 94 37 420 364 Financial net -48 -35 -13 -164 -144 Income tax expense -23 -17 -6 -75 -65 Net income 60
Slide 11: By geographic region
By geographic region SWEDEN DENMARK NORWAY FINLAND Share of Net Sales Share of Net Sales Share of Net Sales Share of Net Sales 53% 23% 18% 6% • Negative organic growth during • Negative organic growth from a • Strong organic growth in the • Flat organic growth where small the quarter from net negati
Slide 12: Contract concentration & maturity
Contract concentration & maturity 2024 Contract portfolio changes1 Large2 contract maturity SEKm 1 1 Customer contracts >5 SEKm per year 2 Customer contracts > 100 SEKm per year
Slide 13: Stable cash conversion
Stable cash conversion Key comments • Continued stable contribution from operations, cash conversion at 92% (LTM) in Q2 2024 • Stable pattern on customer payments
Slide 14: Balance sheet
Balance sheet Key comments • Net Working Capital as % of Net Sales (LTM) stable compared to historical numbers • Leverage at 2.7X, an increase compared to previous quarter driven by dividend pay out • Issue of subsequent senior unsecured bond of SEK 250 million
Slide 15: Agenda
1. Key highlights in the quarter 2. Financial performance Agenda 3. Sum-up and Q&A
Slide 16: Summary of the second quarter
Summary of the second quarter Business Customer retention Cash flow Several new wins in small and Several successful prolongations in the Solid cash flow generation and stable midsized segment and expanded first half of 2024 payment patterns relationship with ICA Strong retention rate, 94% YTD Conti
Slide 17: Q&A
Q&A Coor aims to create the happiest, healthiest and most prosperous workplace environments in the Nordic region We strive tirelessly to build the teams and full-service solutions that enable our customers to do what they do best
Coor Service Management Holding — Q2 2024 Earnings Presentation on 6ix