Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q3 2019 Earnings Presentation
11 slides from Coor Service Management Holding Ab's earnings presentation, Nov 7, 2019
Slide 1: Q3 Report 2019
Q3 Report 2019 Mikael Stöhr, President and CEO Klas Elmberg, CFO and IR Director November 7, 2019
Slide 2: Coor is the Nordic market leader in IFM
Coor is the Nordic market leader in IFM |2 TURNOVER BY COUNTRY • Tailored customer proposition - 7% 19% • Workplace services, property services and TOTAL strategic advisory services 10 bnSEK 49% • Both self-delivery and subcontracting 25% Sweden Norway Denmark Finland TURNOVER BY CONTRACT TYPE 40% T
Slide 3: Substantial increase in operating profit, strong cash flow and acquisition of Norrlands Miljövård
Substantial increase in operating profit, strong cash |3 flow and acquisition of Norrlands Miljövård KEY TARGETS Q3 2019 Q3 2018 LTM MID-LONG TERM Organic 10% 7% 4-5% Growth 5% Organic net sales growth over a business cycle Acquired Growth 0% 13% 5% N/A EBITA- ~5.5% Margin 5.1% 4.3% 5.2% Adjusted EB
Slide 4: Business highlights Q3
Business highlights Q3 |4 BUSINESS HIGHLIGHTS Q3 ▪ Successful renegotiations. Approximately 500 MSEK of yearly volumes prolonged in immediate connection to Q3 ‒ Volvo Cars (SE) ‒ Aker Solutions (NO) ‒ Velux (DK) ▪ Ongoing integration of major contracts, ramping up in Q4 ‒ Danish Police (DK) ‒ ICA (S
Slide 5: Country by country
Country by country |5 SWEDEN NORWAY DENMARK FINLAND 49% 25% 19% 7% SHARE OF NET SALES SHARE OF NET SALES SHARE OF NET SALES SHARE OF NET SALES Q3 19 Q3 18 Q3 19 Q3 18 Q3 19 Q3 18 Q3 19 Q3 18 Organic Growth 6% 4% Organic Growth 6% 17% Organic Growth 3% 24% Organic Growth -8% 17% Acquired Growth n/a n
Slide 6: Profit & Loss Statement
Profit & Loss Statement | 6 P&L Q3 YTD LTM FY (SEK m) 2019 2018 Chg. 2019 2018 Chg. Q3 2018 Net sales 2 490 2 369 121 7 581 6 876 705 10 194 9 489 Adjusted EBITA 127 102 25 398 355 43 533 490 Adjusted EBITA margin 5,1% 4,3% 0,8% 5,2% 5,2% 0,1% 5,2% 5,2% EBIT 70 37 33 224 164 61 279 219 Financial net
Slide 7: Cash Flow
Cash Flow |7 CASH FLOW LTM Q3 2019
Slide 8: Cash flow
Cash flow | 8 Q3 LTM FY (SEKm) 2019 2018 Chg. Q3 2018 Adjusted EBITDA 179 119 59 697 558 Capex -12 -10 -2 -70 -84 Changes in working capital 1 -35 35 106 -27 Adjusted operating cash flow 167 74 93 732 447 Cash conversion (%) 94% 62% 31% 105% 80% Other operating items -28 -35 6 -182 -182 Cash flow fr
Slide 9: Balance Sheet
Balance Sheet | 9 Sep 30 Dec 31 (SEK m) 2019 2018 2018 Net Working Capital -573 -454 -626 NWC, % of NS (LTM) -5,6% -5,0% -6,6% Equity/Assets Ratio 29% 35% 33% Cash 483 335 435 Net debt 1 855 1 516 1 318 Leverage 2,6x 2,8x 2,4x
Slide 10: Summary Q3 2019
Summary Q3 2019 | 10 5 % Organic 5% 0% 12 % Growth 0 % Acquired Organic Acquired LTM 12 % LTM total % 5.1 % in Q3 EBITA margin 5.2 % LTM Cash conversion 105% 105 % LTM Interesting business Opportunities opportunities across the Nordics
Slide 11: Q&A
Q&A } 41 SERVICE with IQ G& coor
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