Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q4 2022 Earnings Presentation
18 slides from Coor Service Management Holding Ab's earnings presentation, Feb 9, 2023
Slide 1: Q4 Report October – December 2022
Q4 Report October – December 2022 AnnaCarin Grandin, President and CEO Andreas Engdahl, CFO February 9, 2023
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 11.8 bnSEK Turnover by Turnover by Turnover by Turnover by country contract type service customer segment Sweden 54% IFM 57% Cleaning 38% Public 31% Denmark 22% Single services 43% Property 30% Manufacturing 22% Energy 15% Norway 18% Workplace 17% IT & Telecom 10% Fin
Slide 5: Growth paves the way for success
Growth paves the way for success Business responsibility Q4 2022 Q4 2021 FY 2022 Mid-long term Organic Growth -1% 8% 5% 4-5% Organic net sales growth over a business cycle Acquired Growth 4% 8% 9% n/a Adj. EBITA-Margin 5.0% 6.0% 5.4% ~5.5% Adj. EBITA margin Cash Conversion1 94% 98% 94% >90% (Adj. EB
Slide 6: Steady improvement in injury frequency
Steady improvement in injury frequency Social and environmental responsibility Q4 2022 Q4 2021 Mid-long term Engaged and 76 78 ≥70 motivated employees1 TRIFR2 ≤3.5 Total Recorded Injury Frequency 7.0 8.9 Total number of accidents x 1,000,000/ number of hours worked Equal opportunities (female/male m
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 Q4 2022
uppdatera Business highlights and significant Coor SmartClimate • Inväntar bild ochPowered bypå förslag LightAir events socialt initiativ från Helena – Q4 2022 deadline 19e april. Important business activities • Won several new midsized contracts; IKEA, Technopolis, SiO, Drammen municipality, Ekerö
Slide 9: FM market historically resilient to economic downturns
9 FM market historically resilient to economic downturns Illustrative • Short-term • Lower demand for variable volume • Reduced scope in subscriptions • Customers consolidate FM spend • Long-term • Variable volume recovery from unmet needs • Subscriptions restored Economic • Increased outsourcing to
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 Q4 Full-year 3500 12000 3000 2022 2021 Chg. 2022 2021 10000 2500 8000 2000 6000 Net sales 3 088 2 901 187 11 789 10 104 1500 4000 1000 Adj. EBITA 153 174 -21 634 631 500 2000 0
Slide 12: Country by country
Country by country SWEDEN DENMARK NORWAY FINLAND Share of Net Sales Share of Net Sales Share of Net Sales Share of Net Sales 54% 22% 18% 6% • Flat organic growth through new • Strong organic growth from new • Negative organic growth explained • Negative organic growth contracts (e.g. Saint Göran con
Slide 13: Contract portfolio & Retention rate
Contract portfolio & Retention rate 2022 Contract portfolio changes1 2022 Retention rate1 (SEK 2.0 bn) SEKm (%) 506 -799 92% 82% 75% -294 New contracts Contracts Net change H1 2022 H2 2022 Net change awarded ended H2 2022 (+8) H2 2022 (+8) H2 2022 (+29) H2 2022 (-21) 1 contracts >5 SEKm per year
Slide 14: Cash Flow LTM, Q4 2022
Cash Flow LTM, Q4 2022 SEK m • Continued strong contribution from operations • M&A – 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) Q4 Full-year 31 Dec 31 Dec 2022 2021 2022 2021 2022 2021 2021 Adj. EBITDA 210 227 851 829 Net Working Capital -1018 -940 -940 Capex -33 -19 -95 -68 NWC, % of NS (LTM) -8,6% -9,3% -9,3% Change in worki
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: Growth paves the way for success
Total Growth paves the way for success Growth EBITA margin Cash conversion Leverage Dividend “Sustainability linked “17 per cent growth in “Large start-ups and “Solid cash flow “Strong dividend yield refinancing 2022” adaptations” generation” of 7,5 per cent ” secured” -1% 4% 17% 5.0% 5.4% 94% 1.9x
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 — Q4 2022 Earnings Presentation on 6ix