Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — FY2020 Earnings Presentation
14 slides from Coor Service Management Holding Ab's earnings presentation, Feb 11, 2021
Slide 1: Year-end Report January - December 2020
1 Year-end Report January - December 2020 AnnaCarin Grandin, President and CEO Klas Elmberg, CFO and IR Director February 11, 2021
Slide 2: Coor is the Nordic market leader in IFM
Coor is the Nordic market leader in IFM |2 TURNOVER BY COUNTRY • Tailored customer proposition - 7% • Coor aims to create the happiest, healthiest and most prosperous 20% workplace environment in the Nordic Region TOTAL 9.6 51% • Broad service offering within workplace services, property bnSEK servi
Slide 3: COVID-19, Q4 summary
COVID-19, Q4 summary |3 COOR’S NUMBER ONE PRIORITY IS THE HEALTH AND SAFETY OF OUR EMPLOYEES AND OUR CUSTOMERS’ EMPLOYEES ▪ Coor’s service deliveries contribute to maintaining ▪ Cost reductions to minimize negative financial impact critical functions in our community ‒ Furloughs affect 2% of all emp
Slide 4: 2020 – a showcase of strength for Coor's business model and organisation despite the pandemic
2020 – a showcase of strength for Coor’s business |4 model and organisation despite the pandemic KEY TARGETS Q4 2020 Q4 2019 FY 2020 MID-LONG TERM Organic -7% 3% -7% 4-5% Growth Organic net sales growth over a business cycle Acquired Growth 1% 2% 2% N/A EBITA- ~5.5% Margin 6.2% 5.6% 5.8% Adjusted EB
Slide 5: Business highlights and significant events
Business highlights and significant events |5 BUSINESS HIGHLIGHTS AND SIGNIFICANT EVENTS Q4 ▪ COVID-19, covered on page 3 ▪ Organisational changes - increased focus on service development, innovation, digitalization and sustainability ‒ Central Service Development Teams strengthened and to be mirror
Slide 6: Well positioned for the future
Well positioned for the future |6 COOR, AS A PROFESSIONAL FM PROVIDER AND MARKET LEADER IN IFM, IS NEEDED AS A PARTNER TO THE BUSINESS AND PUBLIC SECTORS IN THE NORDIC REGION Nordic FM Market, BnSEK ▪ Outsourcing trend continues and historical “crisis” has driven new, large outsourcing deals The Mar
Slide 7: Country by country
Country by country |7 SWEDEN NORWAY DENMARK FINLAND 51% 22% 20% 7% SHARE OF NET SALES SHARE OF NET SALES SHARE OF NET SALES SHARE OF NET SALES Q4 20 Q4 19 Q4 20 Q4 19 Q4 20 Q4 19 Q4 20 Q4 19 Organic Growth -10% 6% Organic Growth -8% 0% Organic Growth 1% 1% Organic Growth 4% -15% Acquired Growth 1% 3
Slide 8: Contract Portfolio Development
Contract Portfolio Development |8 2020 CONTRACT PORTFOLIO CHANGES
Slide 9: Profit & Loss Statement
Profit & Loss Statement | 9 P&L Q4 YTD (SEK m) 2020 2019 Chg. 2020 2019 Chg. Net sales 2 489 2 732 -244 9 591 10 313 -722 Adjusted EBITA 153 152 2 556 549 7 Adjusted EBITA margin 6,2% 5,6% 0,6% 5,8% 5,3% 0,5% EBIT 82 74 8 318 299 19 Financial net -18 -17 -1 -66 -71 5 Income tax expense -15 -16 1 -61
Slide 10: Cash Flow
Cash Flow | 10 CASH FLOW LTM Q4 2020
Slide 11: Cash flow
Cash flow | 11 Q4 YTD (SEKm) 2020 2019 Chg. 2020 2019 Chg. Adjusted EBITDA 205 205 -1 756 749 7 Capex -15 -22 7 -70 -68 -2 Changes in working capital 62 183 -121 133 101 32 Adjusted operating cash flow 252 366 -114 818 781 37 Cash conversion (%) 123% 178% -55% 108% 104% 4% Other operating items -40
Slide 12: Balance Sheet
Balance Sheet | 12 Dec 31 (SEK m) 2020 2019 Net Working Capital -881 -774 NWC, % of NS (LTM) -9,2% -7,5% Equity/Assets Ratio 34% 29% Cash 396 497 Net debt 1 207 1 741 Leverage 1,6x 2,3x COOR’S FINANCING ▪ RCF of 1 500 MSEK, unutilized credit facility corresponds to approximately 1 250 MSEK. Duration
Slide 13: Summary Q4
Summary Q4 Total | 13 “Variable volumes impacted by COVID-19 -7% +1% -7% Growth but subscription volumes remain strong” Q4 Org. Q4 Acq. FY Total “Strong business acumen with a capacity 6.2% 5.8% EBITA margin to adapt rapidly” Q4 LTM “Strong cash flow focus across the 108% Cash conversion organisatio
Slide 14: 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 — FY2020 Earnings Presentation on 6ix