Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Coor — Q4 2021 Earnings Presentation
17 slides from Coor Service Management Holding Ab's earnings presentation, Feb 10, 2022
Slide 1: Q4 Report October – December 2021
Q4 Report October – December 2021 AnnaCarin Grandin, President and CEO Klas Elmberg, CFO and IR Director February 10, 2022
Slide 2: Introduction and Coor's triple bottom line
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 3: Coor is the Nordic market leader in Integrated facility management
Coor is the Nordic market leader in Integrated facility management… ... with a clear ambition of becoming truly sustainable • Customer centric business model and decentralized organization • Broad service offering within workplace services, property services and strategic advisory services • Leading
Slide 4: A well balanced portfolio
A well balanced portfolio TOTAL 10.1 SEKbn Turnover by Turnover by Turnover by Turnover by country contract type service customer segment Sweden 50% IFM 60% Cleaning 37% Public 28% Norway 23% Single services 40% Property 32% Manufactoring 23% Oil & Gas 18% Denmark 21% Workplace 19% IT & Telecom 10%
Slide 5: A successful year with high business activity
A successful year with high business activity Financial targets Q4 2021 Q4 2020 FY 2021 Mid-long term 4-5% Organic Growth 8% -7% 3% Organic net sales growth over a business cycle Acquired Growth 8% 1% 3% n/a 6.0% 6.2% 6.2% ~5.5% Adj. EBITA-Margin Adj. EBITA margin >90% Cash Conversion1 98% 108% 98%
Slide 6: Highly satisfied employees and customers
Highly satisfied employees and customers Sustainability targets Q4 2021 Q4 2020 Mid-long term Customer Satisfaction1 74 70 ≥70 Engaged and motivated employees1 78 78 ≥70 TRIF2 ≤3.5 Total Recorded 8.9 9.9 Total number of accidents x Injury Frequency 1,000,000/number of hours worked Equal opportunitie
Slide 7: Business and market update
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 8: Business highlights and significant events in Q4 2021
Business highlights and significant events in Q4 2021 Selection of important wins and prolongations • Won Bygningsstyrelsen (Denmark IFM), GoCo (Sweden F&B), Coop Netto (Sweden Property), Ringnes (Norway IFM) • Prolonged contract with GKN (Sweden IFM), Öresundsbron (Sweden Property), BioTech company
Slide 9: Financial performance
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 10: Sales and Adj. EBITA development
Business Sustainability Sales and Adj. EBITA development Profit & Loss Net Sales Development, SEKm Quarterly net sales LTM 3500 12000 3000 Q4 LTM Full-year 10000 2500 2021 2020 Chg. Q4 2020 8000 2000 6000 1500 Net sales 2 901 2 489 412 10 104 9 591 1000 4000 500 2000 Adj. EBITA 174 153 21 631 556 0
Slide 11: Country by country
Country by country SWEDEN NORWAY DENMARK FINLAND Share of Net Sales Share of Net Sales Share of Net Sales Share of Net Sales 50% 23% 21% 6% • Organic growth through new • Organic growth despite having the • Positive organic growth from new • Volumes stable vs Q4 LY, excl Fx contracts (e.g., PostNord
Slide 12: Contract portfolio & Customer concentration
Contract portfolio & Customer concentration 2021 contract portfolio changes1 Largest customers part of sales 26- 38% 1-10 46% 11-25 16% 1 contracts >5 SEKm per year
Slide 13: Cash Flow LTM
Cash Flow LTM SEKm • Continued strong contribution from operations • Financing – mainly related to changes in utilization of the RCF • M&A – includes R&K in Norway as well as Veolia Technical Management and Inspira in Sweden
Slide 14: Cash conversion & selected balance sheet details
Cash conversion & selected balance sheet details Cash conversion Balance Sheet KPIs (SEKm) (SEKm) Q4 LTM Full-year 31 Dec 2021 2020 Q4 2020 2021 2020 Adj. EBITDA 227 205 829 756 Net Working Capital -940 -881 Capex -19 -15 -68 -70 Change in working capital 95 62 49 133 NWC, % of NS (LTM) -9.3% -9.2%
Slide 15: Sum-up and Q&A
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 16: A successful year with high business activity makes Coor well positioned for the future
Total A successful year with high business activity makes Coor well positioned for the future Growth EBITA margin Cash conversion Leverage Dividend “New contracts across the “Capacity for M&A even “Normalization of margins “Strong cash flow focus “Increased dividend to Nordics and M&A-volumes after
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.