Colliers International Group Inc. · TSX:CIGI
Colliers International — Q2 2015 Earnings Presentation
12 slides from Colliers International's earnings presentation, Aug 5, 2015
Slide 1: Second Quarter 2015 Financial Results
Colliers International Group Inc. Second Quarter 2015 Financial Results August 5, 2015
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements included herein constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
Slide 3: Second Quarter 2015 Results
Second Quarter 2015 Results * Debut earnings report for Colliers as an independent public company © Spin-off of FirstService was completed on June 1, 2015 = Very strong operating results for second quarter despite significant F/X headwinds © 65% of Q2 2015 revenues were generated outside the US * Ac
Slide 4: Second Quarter 2015 Results Summary
Second Quarter 2015 Results Summary (US$ millions, except per share amounts) % Change over Q2 2014 @2 2015 @2 2014 7 uo | tc Revenue 409.8 3885 1% 22% ‘Adjusted EBITDA 448 343 20% 46% GAAP EPS (1.00) (0.05) NM Adjusted EPS 058 044 32% Revenue 745.8 668.0 12% 22% ‘Adjusted EBITDA 594 487 21% 34% GAAP
Slide 5: Second Quarter 2015 Consolidated Revenues
Second Quarter 2015 Consolidated Revenues (US$ millions) Q2 Revenue YTD Revenue 409.8 368.5 Outsourcing & Advisory © Sales Brokerage LeaseBrokerage 2015 2014 2015 2014 Internat Internat ‘kchangeoverazz0t4 uso tc Growniucy xchange overvrozs _uso____uc_Growinitc) OusourengeAdvaory [31% [46% 20% Ousour
Slide 6: Americas
Americas (US$ millions) + 4% internal revenue growth in local currencies and 3% growth from recent acquisitions + Internal growth was driven by Outsourcing & Advisory, particularly valuations and project management Revenue Adjusted EBITDA (Adjusted EBITDA Mergin) 74 Outsourcing & Advisory Sales Brok
Slide 7: EMEA
EMEA (US$ millions) = 31% internal revenue growth in local currencies and 39% growth from recent acquisitions = Internal growth was driven by strong Lease Brokerage and Sales Brokerage activity, particularly in the UK market + Adjusted EBITDA was up 95% from prior year quarter due to strong contribu
Slide 8: Asia Pacific
Asia Pacific (US$ millions) + 13% internal revenue growth in local currencies and 2% growth from recent acquisitions + Internal growth was driven by Lease Brokerage and Sales Brokerage activity, particularly in Australia and New Zealand Revenue Adjusted EBITDA (Adjusted EBITDA Margin) 987 one Outsou
Slide 9: Capitalization & Capital Allocation Overview
Capitalization & Capital Allocation Overview (US$ millions) June 30,2015 __December31, 2014 Cash s 1237 8 90.0 Total Debt 2814 254.0 Net Debt s 2574 $s 1640 Redeemable non-contr oe 1338 1501 Shareholder's equity 1083 2332 ‘Total capitalization s 4995 8 5473 Net debt/ pro forma Adjusted EBITDA 157 1.
Slide 10: Appendix
Appendix
Slide 11: Reconciliation of GAAP earnings to adjusted EBITDA
Reconciliation of GAAP earnings to adjusted EBITDA ‘Three months ended (USS thousands) June 30, 2015 June 30, 2014 Net earings (loss) from continuing operations, $ (21,359) $ 13837 Incometax 3,365 3,287 Other income, net 10) (ay Interestexpense, net 1.556 1,680 Operating eamings (16,748) 18,663 Depr
Slide 12: Reconciliation of GAAP earnings to adjusted net earnings and adjusted earnings per share
Reconciliation of GAAP earnings to adjusted net earnings and adjusted earnings per share ‘Three months ended (USS thousands) June 30, 2015 ‘June 30, 2014 Net eamings (loss) rom continuing operations, S (21,359) S 13837 Non-controlling interest share of earnings 7,421) (6,166) Amortization of intangi
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