Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q3 2022 Earnings Presentation
17 slides from Coor Service Management Holding Ab's earnings presentation, Oct 27, 2022
Slide 1: Q3 Report July – September 2022
Q3 Report July – September 2022 AnnaCarin Grandin, President and CEO Andreas Engdahl, acting CFO October 27, 2022
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 11.6 bnSEK Turnover by Turnover by Turnover by Turnover by country contract type service customer segment Sweden 54% IFM 58% Cleaning 38% Public 30% Denmark 22% Single services 42% Property 31% Manufacturing 24% Energy 16% Norway 19% Workplace 18% IT & Telecom 10% Fin
Slide 5: Strong growth, large start-ups and adaptations
Strong growth, large start-ups and adaptations Business sustainability Q3 2022 Q3 2021 LTM Mid-long term 4-5% Organic Growth 1% 5% 7% Organic net sales growth over a business cycle Acquired Growth 10% 1% 10% n/a Adj. EBITA-Margin 4.4% 6.2% 5.6% ~5.5% Adj. EBITA margin >90% Cash Conversion1 91% 94% 9
Slide 6: Retained gold rating from EcoVadis
Retained gold rating from EcoVadis Social and environmental sustainability Q3 2022 Q3 2021 Mid-long term Engaged and 76 78 ≥70 motivated employees1 TRIF2 ≤3.5 Total Recorded Injury Frequency 7.9 9.0 Total number of accidents x 1,000,000/ number of hours worked Equal opportunities (female/male mgrs.
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 Q3 2022
uppdatera Business highlights and significant Coor • SmartClimate Powered Inväntar bild och bypå förslag LightAir events socialt initiativ från Helena – Q3 2022 deadline 19e april. Selection of important prolongations and wins across the Nordics • Prolongation of Swedish IFM-contract with Volvo Cars
Slide 9: Well positioned service offering in current energy crisis
9 Our Well positioned service challenges offering in current energy crisis 30-40% of global energy consumption are SmartCharge related to buildings Source: The International Energy Agency
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 Q3 LTM Full-year 3500 12000 3000 2022 2021 Chg. Q3 2021 10000 2500 8000 2000 6000 Net sales 2 766 2 428 338 11 602 10 104 1500 4000 1000 Adj. EBITA 122 150 -28 655 631 500 2000
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% 19% 5% • Organic growth through new • Very strong organic growth from • Negative organic growth • Negative organic growth contracts (e.g. Micasa Fastigheter new contra
Slide 13: Cash Flow LTM, Q3 2022
Cash Flow LTM, Q3 2022 SEK m • Continued strong contribution from operations • M&A – related to Veolia Technical Management, Inspira and Centrumstäd in Sweden
Slide 14: Cash conversion & selected balance sheet details
Cash conversion & selected balance sheet details Cash conversion Balance Sheet KPIs (SEK m) (SEK m) Q3 LTM Full-year 30 Sep 31 Dec 2022 2021 Q3 2021 2022 2021 2021 Adj. EBITDA 178 199 869 829 Net Working Capital -883 -812 -940 Capex -27 -18 -81 -68 Change in working capital 92 133 7 49 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: Strong growth, large start-ups and adaptations
Total Strong growth, large start-ups and adaptations Growth EBITA margin Cash conversion Leverage “Capacity for M&A in “Continued strong “Large start-ups, inflation “Strong cash flow focus addition to dividends of growth” and adaptations” across the organization” 4,80 SEK/share” 1% 10% 20% 4.4% 5.6%
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.
Coor Service Management Holding — Q3 2022 Earnings Presentation on 6ix