Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q2 2022 Earnings Presentation
18 slides from Coor Service Management Holding Ab's earnings presentation, Jul 15, 2022
Slide 1: Q2 Report April – June 2022
Q2 Report April – June 2022 AnnaCarin Grandin, President and CEO Klas Elmberg, CFO and IR Director July 15, 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 11.3 bnSEK Turnover by Turnover by Turnover by Turnover by country contract type service customer segment Sweden 52% IFM 59% Cleaning 37% Public 29% Norway 21% Single services 41% Property 31% Manufactoring 24% Energy 17% Denmark 21% Workplace 18% IT & Telecom 10% Fin
Slide 5: Strong growth and normalised profitability
Strong growth and normalised profitability Business sustainability Q2 2022 Q2 2021 LTM Mid-long term 4-5% Organic Growth 9% 8% 8% Organic net sales growth over a business cycle Acquired Growth 11% 1% 8% n/a Adj. EBITA-Margin 5.8% 6.8% 6.1% ~5.5% Adj. EBITA margin >90% Cash Conversion1 97% 94% 97% (A
Slide 6: Environmental targets aligned and approved by SBTi
Environmental targets aligned and approved by SBTi Social and environmental sustainability Q2 2022 Q2 2021 Mid-long term Engaged and 78 78 ≥70 motivated employees1 ≤3.5 TRIF2 8.0 9.1 Total number of accidents x 1,000,000/ Total Recorded Injury Frequency number of hours worked Equal opportunities 49/
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
uppdatera Business highlights and significant Coor • SmartClimate Powered Inväntar bild och bypå förslag LightAir events socialt initiativ från Helena – Q2 2022 deadline 19e april. Selection of important prolongations and wins across the Nordics • Prolongations of IFM-contracts with ABB (Nordic excl
Slide 9: The Office is essential in the "new normal"
9 The Office is essential in the “new normal” 79% companies regarding office +35% important for company culture employees demanding office 59% improvements and location flexibility companies planning structural workplace changes in 2022-23 CURRENT OFFICE THEMES 1 An attraction outweighing benefits o
Slide 10: Financial performance
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 11: Sales and Adj. EBITA development
Business Sustainability Sales and Adj. EBITA development Profit & Loss Net Sales Development, SEKm Quarterly net sales LTM 3500 12000 Q2 LTM Full-year 3000 10000 2500 2022 2021 Chg. Q2 2021 8000 2000 6000 1500 Net sales 2 980 2 445 536 11 264 10 104 1000 4000 500 2000 Adj. EBITA 172 167 4 683 631 0
Slide 12: 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 52% 21% 21% 6% • Organic growth through new • Negative organic growth • Very strong organic growth from • Negative organic growth contracts (e.g., PostNord, Borealis explained
Slide 13: Contract portfolio & Customer concentration
Contract portfolio & Customer concentration Contract portfolio changes during H1 2022 Customer concentration SEKm 26- 39% 1-10 45% 11-25 16%
Slide 14: Cash Flow LTM, Q2 2022
Cash Flow LTM, Q2 2022 SEK m • Continued strong contribution from operations • M&A – related to Veolia Technical Management, Inspira and Centrumstäd in Sweden
Slide 15: Cash conversion & selected balance sheet details
Cash conversion & selected balance sheet details Cash conversion Balance Sheet KPIs (SEK m) (SEK m) Q2 LTM Full-year 30 Jun 31 Dec 2022 2021 Q2 2021 2022 2021 2021 Adj. EBITDA 224 216 890 829 Net Working Capital -783 -708 -940 Capex -20 -16 -72 -68 Change in working capital -136 -178 48 49 NWC, % of
Slide 16: Sum-up and Q&A
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 17: Strong growth and normalised profitability
Total Strong growth and normalised profitability Growth EBITA margin Cash conversion Leverage “Capacity for M&A in “Strong growth, both “Normalization of “Strong cash flow focus addition to dividends of organic and acquired” margins” across the organization” 4,80 SEK/share” 11% 13% 14% 5.8% 6.1% 97%
Slide 18: 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 2022 Earnings Presentation on 6ix