Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q2 2021 Earnings Presentation
19 slides from Coor Service Management Holding Ab's earnings presentation, Jun 15, 2021
Slide 1: Q2 Report April – June 2021
Q2 Report April – June 2021 AnnaCarin Grandin, President and CEO Klas Elmberg, CFO and IR Director June 15, 2021
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 9.6 SEKbn Turnover by Turnover by Turnover by Turnover by country contract type service customer segment Sweden 50% IFM 58% Cleaning 39% Public 27% Norway 22% Single services 42% Property 31% Manufactoring 23% Oil & Gas 17% Denmark 21% Workplace 18% IT & Telecom 10% F
Slide 5: Strong organic growth in Q2
Strong organic growth in Q2 - all countries contributing in a positive way Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 8% -7% -7% -7% -11%
Slide 6: Strong organic growth and historically high earnings level
Strong organic growth and historically high earnings level… Financial targets Q2 2021 Q2 2020 LTM Mid-long term 4-5% Organic Growth 8% -11% -4% Organic net sales growth over a business cycle Acquired Growth 1% 2% 1% n/a Adj. EBITA-Margin 6.8% 6.2% 6.3% ~5.5% Adj. EBITA margin >90% Cash Conversion1 9
Slide 7: … with continued focus on sustainability
… with continued focus on sustainability Sustainability targets Q2 2021 Q2 2020 Mid-long term Customer Satisfaction1 70 68 ≥70 Engaged and motivated employees1 78 77 ≥70 TRIF2 ≤3.5 Total Recordable 9.1 10.3 Total number of accidents x Injury Frequency 1,000,000/number of hours worked Equal opportuni
Slide 8: Business and market update
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 9: Business highlights and significant events Q2 2021
Business highlights and Coor SmartClimate Powered by LightAir Coor SmartClimate Powered by LightAir significant events Q2 2021 Selection of important wins and prolongations • Won DSB (Danish IFM), Borealis (Swedish security) and Pilke (Finish property) • Prolonged IFM contract with Equinor Productio
Slide 10: Well positioned customer offering supporting the new normal
Well positioned customer offering supporting the new normal Advisory services for strategic Workplace readiness assessment Back to work package workplace change • What is the purpose of the workplace post covid? • How do we make employees want to come back to the office? • What should the distributi
Slide 11: Financial performance
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 12: Sales and Adj. EBITA development
Business Sustainability Sales and Adj. EBITA development Profit & Loss Net Sales Development, SEKm Quarterly net sales LTM (SEK m) Q2 LTM Full-year 3000 12000 2021 2020 Chg. Q2 2020 2500 10000 2000 8000 1500 6000 Net sales 2 445 2 265 180 9 560 9 591 1000 4000 Adj. EBITA 167 141 26 599 556 500 2000
Slide 13: 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% 22% 21% 7% • Positive volume impact with • High level of variable volumes, • Positive organic growth from new • Positive organic driven by partial continued high demand fo
Slide 14: Contract portfolio & Customer concentration
Contract portfolio & Customer concentration Contract portfolio changes during H1 2021 Customer concentration SEKm 26- 38% 1-10 45% 11-25 17%
Slide 15: Cash Flow LTM, Q2 2021
Cash Flow LTM, Q2 2021 SEKm • Continued strong contribution from operations • Financing – mainly related to reduced utilization of RCF and leasing • M&A – fully related R&K in Norway • Ordinary dividend payment of 2,00 SEK/share in May. Extra ordinary dividend payment of 2,40 SEK/share on October 7
Slide 16: Cash conversion & selected balance sheet details
Cash conversion & selected balance sheet details Cash conversion Balance Sheet KPIs (SEKm) Q2 LTM Full-year (SEKm) 30 Jun 31 Dec 2021 2020 Q2 2020 2021 2020 2021 Adj. EBITDA 216 189 797 756 Net Working Capital -708 -703 -881 Capex -16 -16 -57 -70 Change in working capital -178 -140 7 133 NWC, % of N
Slide 17: Sum-up and Q&A
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 18: Strong organic growth and historically high earnings level
Total Strong organic growth and historically high earnings level Growth EBITA margin Cash conversion Leverage “Return of variable “Margin improvements in “Strong cash flow focus volumes and strong “High capacity for M&A” all countries” across the organization” subscription volumes” 8% 1% -5% 6.8% 6.
Slide 19: 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 2021 Earnings Presentation on 6ix