11 slides from Coor Service Management Holding Ab's earnings presentation, Jul 19, 2016
Slide 1: Q2 Report 2016
Q2 Report 2016 Coor Mikael Stöhr, President and CEO Olof Stålnacke, CFO and IR Manager
Slide 2: Coor is the Nordic market leader in IFM
Coor is the Nordic market leader in IFM • No.1 in Nordic IFM (Integrated Facility Management) NET SALES BY COUNTRY 6% • Tailored customer proposition - 9% TOTAL • Soft FM, hard FM and strategic advisory services 7,6 57% 28% bnSEK • Both self-delivery and subcontracting Sweden Norway Denmark Finland
Slide 3: A strong start to 2016
A strong start to 2016 KEY TARGETS Q2 2016 Q2 2015 LTM MID-LONG TERM Organic 10% 9% 6% 4-5% Growth Organic net sales growth over a business cycle EBITA- ~5.5% Margin 6.0% 5.0% 5.4% Adjusted EBITA margin Cash 99% 150% 99% >90% (Adj EBITDA – CAPEX Conversion* – ΔWC) / Adj EBITDA Capital <3.0x structur
Slide 4: Business highlights Q2
Business highlights Q2 BUSINESS HIGHLIGHTS Q2 New important contracts signed and ramping up ‒ NKS (Sweden) ‒ Tele2 (Sweden) ‒ UCC (Denmark) ‒ Steady stream of small and mid-sized contracts in all countries New service solutions released ‒ Automated cleaning robot ‒ Climate smart meeting services
Slide 5: Country by country
Country by country SWEDEN NORWAY DENMARK FINLAND 57% 28% 9% 6% SHARE OF NET SALES SHARE OF NET SALES SHARE OF NET SALES SHARE OF NET SALES Q2 Q2 2015 Q2 Q2 2015 Q2 Q2 2015 Q2 Q2 2015 Organic Growth 11% -1% Organic Growth 22% 46% Organic Growth -17% 1% Organic Growth -9% -4 % EBITA Margin 10.2% 9.4%
Slide 6: Contract portfolio development
Contract portfolio development H1 CONTRACT PORTFOLIO CHANGES* MSEK . *Changes in the contract portfolio comprise of all contracts with annual sales exceeding SEK 10 million and are reported on a six-monthly basis. For new agreements which have been concluded during the period, the contracted or esti
Slide 7: Profit & Loss Statement
Profit & Loss Statement P&L Q2 YTD LTM FY (SEK m) 2016 2015 Chg. 2016 2015 Q2 2015 Net sales 1 905 1 786 119 3 764 3 634 7 612 7 482 Adjusted Gross Profit 257 212 45 497 437 953 893 Adjusted gross margin 13,5% 11,9% 1,6% 13,2% 12,0% 12,5% 11,9% Adjusted EBITA 114 88 25 224 188 410 374 Adjusted EBITA
Slide 8: Balance Sheet
Balance Sheet ASSETS June Dec EQUITY & LIABILITIES June Dec (SEK m) 2016 2015 2015 (SEK m) 2016 2015 2015 Tangible assets 72 74 71 Total equity 2 649 2 724 2 733 Intangible assets 3 837 3 999 3 866 Financial assets 272 292 282 Borrowings 1 403 1 402 1 367 Total non-current assets 4 182 4 365 4 219 O
Slide 9: Cash Flow
Cash Flow Q2 LTM (SEKm) 2016 2015 Chg. Q2 Adjusted EBITDA 124 101 23 456 Capex -24 -13 -11 -69 Changes in working capital 67 95 -28 65 Adjusted cash flow from operating activities 166 182 -16 452 Cash conversion (%) 135% 181% -46% 99% IACs and transaction costs incl non-P&L -5 -134 129 -33 Adjustmen
Slide 10: Summary Q2
Summary Q2 Organic 10% in Q2 Growth 6% LTM Cash 99% LTM Conversion 99% Interesting business Opportunities opportunities across the Nordics | 10
Slide 11: Q&A
Q&A SERVICE with IQ jaa