International Workplace Group Plc · LSE:IWG
International Workplace — IWG — Investor Day (December 2023)
30 slides from International Workplace's investor day presentation, Dec 5, 2023
Slide 1: IWG Investment Day 2023 - Thomas Sinclair, Chief Development Officer
IWG Investment Day 2023 Thomas Sinclair Chief Development Officer
Slide 2: The growth opportunity
IWG Investment Day 2023 The growth opportunity $5.7trn $3.4trn $2trn c. $80bn < $2bn c. $120bn Sources: Bloomberg, airbnb S-1 Filing, Uber S-1 Filing Total addressable market Market Cap.
Slide 3: Building a network
IWG Investment Day 2023 Building a network Customer led “The foundation of our platform is our massive network, leading technology, operational excellence, and product expertise.” Sources: Uber S-1 Filing
Slide 4: Building a network
IWG Investment Day 2023 Building a network Customer led Global networks
Slide 5: Building a network
IWG Investment Day 2023 Building a network Customer led Global networks
Slide 6: Building a network
IWG Investment Day 2023 Building a network Customer led Global networks
Slide 7: Building a network
IWG Investment Day 2023 Building a network Customer led Global networks Data driven
Slide 8: Accelerating growth through partnerships
IWG Investors Day 2023 Accelerating growth through partnerships Investment in team… …accelerating signings FTEs Locations 2021 2022 2023e 2024e 2021 2022 2023e 2024e
Slide 9: Why flex, why IWG?
IWG Investors Day 2023 Global Why flex, why IWG? market leader 90% of employees want flexibility in where and when they work “Mom & Pop” Outsource or… 88% of companies Mom & Pop are planning a full shift Yes Outsource/ to flexible In-house working In-house Exposure No distribution No No scale to Fle
Slide 10: Brands and formats
IWG Investors Day 2023 Brands and formats
Slide 11: Best-in-class platform
IWG Investors Day 2023 Best-in-class platform - Phone service provider - Multifunctional tool - Web analytics service - Cloud-based printing - SaaS - Data management tool service - Platform - Event marketing platform - Asset tracking - Web apps Sales & - Data leverage tool Centre - Applicant profile
Slide 12: Track record
IWG Investor Day 2023 Track record Higher Lower revenues costs Best distribution Scale Cover costs Yield management Operating platform Make rent Add-on services Supply chain + 20% premium (often more)
Slide 13: Case Study - Westmont, IL
IWG Investor Day 2023 Case Study Signed March 2023 Westmont, IL
Slide 14: Case Study - Fort Collins, CO
IWG Investor Day 2023 Case Study Signed May 2023 Fort Collins, CO
Slide 15: Case Study - Evergreen, CO
IWG Investor Day 2023 Case Study Signed June 2023 Evergreen, CO
Slide 16: Case Study - Castle Rock, CO
IWG Investor Day 2023 Case Study Signed July 2023 Castle Rock, CO
Slide 17: Case Study - Greenwood Village, CO
IWG Investor Day 2023 Case Study Signed August 2023 Greenwood Village, CO
Slide 18: Case Study
IWG Investor Day 2023 Case Study
Slide 19: Case Study
IWG Investor Day 2023 Case Study
Slide 20: Driving shareholder value
IWG Capital Markets Day 2023 Driving shareholder value 7,000 600 6,000 500 • +1k locations [125k rooms p.a.] 5,000 400 • 10 months to open 4,000 • 12-18 months to maturity Locations 300 3,000 • $750k revenues 200 • Mid-teens fees 2,000 • $100k per location p.a. 100 1,000 0 0 FY22 FY23E FY24E FY25E F
Slide 21: Company owned: stable margins, attractive returns
IWG Investor Day 2023 Company owned Stable margins, attractive returns… C.30% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Sep YTD ann. Strong World-class historical risk investment management Centre #1, Belgium
Slide 22: Company owned: Perception vs. reality
IWG Investor Day 2023 Company owned Perception vs. reality Perception Reality Comment Asset/Liability mismatch Diversified income, perpetuity 8m users, centre #1 High risk World-class risk-management SPVs, pandemic-proof Capital-intensive Increasingly capital-lite High ROI Operational leverage Low b
Slide 23: Company owned - The Engine Room, Battersea Power Station
IWG Investor Day 2023 Company owned The Engine Room, Battersea Power Station, UK
Slide 24: Company owned - The Engine Room, Battersea Power Station
IWG Investor Day 2023 Company owned The Engine Room, Battersea Power Station, UK
Slide 25: Company owned - 1500 K Street Washington DC
IWG Investor Day 2023 Company owned 1500 K Street Washington DC, US
Slide 26: Company owned - Spaces Lisbon Oriente
IWG Investor Day 2023 Company owned Spaces Lisbon Oriente, Portugal
Slide 27: Company owned - Peachtree Street Atlanta
IWG Investor Day 2023 Company owned 191 Peachtree Street Atlanta GA, US
Slide 28: Company owned - Massachusetts Avenue Washington DC
IWG Investor Day 2023 Company owned 600 Massachusetts Avenue Washington DC, US
Slide 29: Company owned - Spaces The Shake, Lille
IWG Investor Day 2023 Company owned Spaces The Shake – Lille, France
Slide 30: Summary
IWG Investor Day 2023 Summary 1 2 3 4 5 THE biggest Significant Programme Highly Will drive opportunity investment starting to attractive shareholder in real estate in strategy deliver model value