15 slides from Coor Service Management Holding Ab's earnings presentation, Apr 24, 2024
Slide 1: Interim report Q1 2024
Interim report Q1 2024 April 24, 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 • Reduce greenhouse s
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 • Continued growth opportunities in the Nordic market with organic growth as priority • Key prolongations • Five-year prolongation with ICA in a partnership-contract • Five-year prolongation with SAAB • Heimstaden in Sweden, Topsoe in Denmark and VTT Technical Research Centre in Finla
Slide 6: Important contract extensions and continued earnings improvement
Important contract extensions and continued earnings improvement Business responsibility Q1 2024 Q1 2023 LTM Mid-long term target Organic growth 2% -1% 3% 4-5% Organic net sales growth over a business cycle Acquired growth 3% 0% 3% n/a Adj. EBITA margin 5.1% 5.1% 4.9% ~5.5% Adj. EBITA margin Cash co
Slide 7: Positive environmental development
Positive environmental development Social and environmental responsibility Q1 2024 Q1 2023 Mid-long term target Engaged and motivated employees1 76 76 ≥70 Employee motivation index (EMI) Safe work environment2 ≤3.5 Total Recorded Injury Frequency (TRIF) 5.9 7.0 Total number of accidents x 1,000,000/
Slide 8: Agenda
1. Key highlights in the quarter Agenda 2. Financial performance 3. Sum-up and Q&A
Slide 9: Sales and Adj. EBITA development
Sales and Adj. EBITA development Profit & Loss Q1 LTM Full-year 2024 2023 Chg. Q1 2023 Net sales 3 124 2 978 146 12 589 12 443 Adj. EBITA 160 152 8 613 606 Adj. EBITA margin 5,1% 5,1% 0,0% 4,9% 4,9% EBIT 125 106 19 383 364 Financial net -39 -31 -8 -152 -144 Income tax expense -24 -20 -4 -69 -65 Net
Slide 10: 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% 24% 17% 6% • Organic growth from new • Negative organic growth from a • Organic growth from several • Organic growth from new contracts such as Swedbank couple of ended
Slide 11: Stable cash conversion
Stable cash conversion Key comments • Continued stable contribution from operations, cash conversion at 90% (LTM) in Q1 2024 • Past due receivables at normal level despite the quarter ending over Easter holiday • Stable pattern on customer payments
Slide 12: Balance sheet
Balance sheet Key comments • Net Working Capital as % of Net Sales (LTM) stable compared to historical numbers • Leverage at 2.4X, a slight decrease compared to previous quarter • Placed two senior unsecured bonds in the amount of 500 mSEK each with maturities of three and five years respectively to
Slide 13: Agenda
1. Key highlights in the quarter 2. Financial performance Agenda 3. Sum-up and Q&A
Slide 14: Summary of the first quarter
Summary of the first quarter Business Profitability Leverage Key prolongations and new contract Action programme proceeding Solid cash flow generation wins according to plan Placed new senior unsecured bonds Continued growth opportunities in the with maturities of three and five years Nordic marke
Slide 15: 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