Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q3 2021 Earnings Presentation
17 slides from Coor Service Management Holding Ab's earnings presentation, Nov 9, 2021
Slide 1: Q3 Report July – September 2021
Q3 Report July – September 2021 AnnaCarin Grandin, President and CEO Klas Elmberg, CFO and IR Director November 9, 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 9.7 SEKbn Turnover by Turnover by Turnover by Turnover by country contract type service customer segment Sweden 50% IFM 59% Cleaning 38% Public 28% Norway 23% Single services 41% Property 31% Manufactoring 22% Oil & Gas 18% Denmark 20% Workplace 19% IT & Telecom 10% F
Slide 5: Value-adding acquisitions, organic growth and strong earnings
Value-adding acquisitions, organic growth and strong earnings Financial targets Q3 2021 Q3 2020 LTM Mid-long term 4-5% Organic Growth 5% -7% -1% Organic net sales growth over a business cycle Acquired Growth 1% 2% 1% n/a Adj. EBITA-Margin 6.2% 6.1% 6.3% ~5.5% Adj. EBITA margin >90% Cash Conversion1
Slide 6: Highly satisfied employees and customers
Highly satisfied employees and customers Sustainability targets Q3 2021 Q3 2020 Mid-long term Customer Satisfaction1 74 70 ≥70 Engaged and motivated employees1 78 78 ≥70 TRIF2 ≤3.5 Total Recordable 9.0 10.1 Total number of accidents x Injury Frequency 1,000,000/number of hours worked Equal opportuni
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
Business highlights and significant uppdatera Coor SmartClimate Powered by LightAir Coor SmartClimate Powered by LightAir events Q3 2021 Selection of important wins and prolongations • Won prestige F&B-contract (SW, authority), Seco Tools (SW cleaning) and Evidensia (FI cleaning) • Prolonged IFM con
Slide 9: Two value adding acquisitions, adding both scale and competence
Two value adding acquisitions, adding both scale and competence Technical Management • Acquisition completed end of Sep 30th (in the • Signed Nov 8th Coor P&L from Oct 1st) • Workplace service, mainly cleaning incl. staffing • Technical Property Services in Sweden solutions in mid Sweden • Sharp foc
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 3000 12000 Q3 LTM Full-year 2500 10000 2021 2020 Chg. Q3 2020 2000 8000 1500 6000 Net sales 2 428 2 297 131 9 691 9 591 1000 4000 Adj. EBITA 150 140 11 610 556 500 2000 0 0 Adj.
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 50% 23% 20% 7% • Organic growth through new • High level of variable volumes • Positive organic growth from new • Volumes on par with the level PostNord contract and expanded
Slide 13: Cash Flow LTM
Cash Flow LTM SEKm • Continued strong contribution from operations • Financing – mainly related to reduced utilization of RCF and leasing • M&A – includes R&K in Norway and Veolia Technical Management in Sweden • Ordinary dividend payment of 2,00 SEK/share in May (190 MSEK). Extra ordinary dividend
Slide 14: Cash conversion & selected balance sheet details
Cash conversion & selected balance sheet details Cash conversion Balance Sheet KPIs (SEKm) (SEKm) Q3 LTM Full-year 30 Sep 31 Dec 2021 2020 Q3 2020 2021 2020 2021 Adj. EBITDA 199 189 807 756 Net Working Capital -812 -828 -881 Capex -18 -11 -64 -70 Change in working capital 133 125 16 133 NWC, % of NS
Slide 15: Sum-up and Q&A
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 16: Continued organic growth and high earnings level with room for additional acquisitions
Total Continued organic growth and high earnings level with room for additional acquisitions Growth EBITA margin Cash conversion Leverage “New contracts across the “Margin improvements in “Strong cash flow focus “Capacity for M&A even Nordics and high variable Sweden, Norway and across the organizat
Slide 17: 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.
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