Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q1 2021 Earnings Presentation
17 slides from Coor Service Management Holding Ab's earnings presentation, Apr 26, 2021
Slide 1: Q1 Report January – March 2021
Q1 Report January – March 2021 AnnaCarin Grandin, President and CEO Klas Elmberg, CFO and IR Director April 26, 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 9.4 bnSEK Turnover by Turnover by Turnover by Turnover by country contract type service customer segment Sweden 51% IFM 58% Cleaning 39% Public 28% Norway 21% Single services 42% Property 31% Manufactoring 23% Oil & Gas 17% Denmark 21% Workplace 18% IT & Telecom 10% F
Slide 5: Improved earnings and increased focus on sustainability and innovation
Improved earnings and increased focus on sustainability and innovation Financial targets Q1 2021 Q1 2020 LTM Mid-long term 4-5% Organic Growth -7% -2% -8% Organic net sales growth over a business cycle Acquired Growth 0% 2% 1% n/a Adj. EBITA-Margin 6.0% 4.8% 6.1% ~5.5% Adj. EBITA margin >90% Cash Co
Slide 6: Improved earnings and increased focus on sustainability and innovation
Improved earnings and increased focus on sustainability and innovation Sustainability targets Q1 2021 Q1 2020 Mid-long term Customer Satisfaction1 70 68 ≥70 Engaged and motivated employees1 78 77 ≥70 TRIF2 ≤3.5 Total Recordable 9.8 10.6 Total number of accidents x Injury Frequency 1,000,000/number o
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 Coor SmartClimate Powered by LightAir Coor SmartClimate Powered by LightAir significant events Q1 2021 Selection of important prolongations and wins • Won PostNord (Nordic IFM-contract), KAB (Denmark F&B), Matkahuolto (Finland, mainly cleaning) • Prolonged IFM contract with S
Slide 9: Well positioned for the future
Well positioned for the future Coor, as a professional FM provider and market leader in IFM, is needed as a partner to the business and public sectors in the Nordic region Nordic FM Market, BnSEK The Market On-site Service Technology Services • Outsourcing trend continues and • Trend of remote worki
Slide 10: Financial performance
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 11: Profit & Loss Statement
Business Sustainability Profit & Loss Statement Profit & Loss Net Sales Development, SEK m (SEK m) Q1 LTM FY Quarterly net sales LTM 2021 2020 Chg. Q1 2020 3000 12000 2500 10000 2000 8000 Net sales 2 330 2 541 -210 9 381 9 591 1500 6000 Adj. EBITA 139 122 17 573 556 1000 4000 Adj. EBITA margin 6.0%
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 51% 21% 21% 7% • Negative impact on variable • Negative impact on variable • Positive organic growth from the • Positive organic growth driven by volume due to COVID-19, mainl
Slide 13: Cash Flow LTM, Q1 2021
Cash Flow LTM, Q1 2021 SEK m • Continued strong contribution from operations • Financing – mainly related to reduced utilization of RCF, -600 MSEK • M&A – fully related R&K in Norway
Slide 14: Cash conversion & selected balance sheet details
Cash conversion & selected balance sheet details Cash conversion Balance Sheet KPIs (SEK m) Q1 LTM FY (SEK m) Mar 31 Dec 31 2021 2020 Q1 2020 2021 2020 2020 Adj. EBITDA 187 173 770 756 Net Working Capital -891 -852 -881 Capex -15 -28 -58 -70 Change in working capital -2 86 45 133 NWC, % of NS (LTM)
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: Improved earnings and strong cash flow
Total Improved earnings and strong cash flow Growth EBITA margin Cash conversion Leverage “Variable volumes “Strong business acumen impacted by Covid-19 but “Strong cash flow focus with a capacity to adapt “High capacity for M&A” subscription volumes across the organization” rapidly” remain strong”
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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