Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q1 2018 Earnings Presentation
11 slides from Coor Service Management Holding Ab's earnings presentation, April 2018
Slide 1: Q1 Report 2018
Q1 Report 2018 Mikael Stöhr, President and CEO Olof Stålnacke, CFO and IR Director April, 2018
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) TURNOVER BY COUNTRY 7% • Tailored customer proposition - 11% TOTAL • Soft FM, hard FM and strategic advisory services 8.0 58% 24% bnSEK • Both self-delivery and subcontracting Sweden Norway Denmark Finland
Slide 3: A quarter with strong growth from new contracts and finalized acquisitions
A quarter with strong growth from new contracts and finalized acquisitions KEY TARGETS Q1 2018 Q1 2017 LTM MID-LONG TERM Organic 10% 3% 7% 4-5% Growth Organic net sales growth over a business cycle Acquired 4% N/A 1% N/A Growth EBITA- ~5.5% Margin 5.4% 6.6% 5.8% Adjusted EBITA margin Cash >90% Conve
Slide 4: Business highlights Q1
Business highlights Q1 BUSINESS HIGHLIGHTS Q1 Significant ramp-up of new and renegotiated contracts ‒ ABB (Sweden, Norway, Finland) ‒ NKS (Sweden) ‒ Sokotel (Finland) ‒ Bergen University (Norway) ‒ Copenhagen Municipality (Denmark) Steady stream of new contracts signed in all countries, e.g. ‒ S
Slide 5: Country by country
Country by country SWEDEN NORWAY DENMARK FINLAND 58% 24% 11% 7% SHARE OF NET SALES SHARE OF NET SALES SHARE OF NET SALES SHARE OF NET SALES Q1 18 LTM Q1 18 LTM Q1 18 LTM Q1 18 LTM Organic Growth 7% 7% Organic Growth 13% 3% Organic Growth 10% 12% Organic Growth 25% 16% EBITA Margin 10.4% 9.9% EBITA M
Slide 6: Profit & Loss Statement
Profit & Loss Statement P&L Q1 LTM FY (SEK m) 2018 2017 Chg. Q1 2017 Net sales 2 127 1 857 271 7 993 7 722 Adjusted EBITA 115 123 -8 460 468 Adjusted EBITA margin 5,4% 6,6% -1,2% 5,8% 6,1% EBIT 57 77 -19 249 268 Financial net -33 -5 -28 -52 -24 Income tax expense -7 -16 9 -47 -56 Net income 17 55 -3
Slide 7: Cash flow
Cash flow CASH FLOW LTM Q1 2018 |7
Slide 8: Cash Flow
Cash Flow Q1 LTM FY (SEKm) 2018 2017 Chg. Q1 2017 Adjusted EBITDA 130 135 -5 512 517 Capex -22 -12 -10 -85 -75 Changes in working capital -153 -49 -105 -15 89 Adjusted operating cash flow -45 74 -119 412 531 Cash conversion (%) -35% 55% -90% 80% 103% Other operating items -39 -28 -12 -124 -112 Cash
Slide 9: Balance Sheet
Balance Sheet Q1 Dec (SEK m) 2018 2017 2017 Net Working Capital -500 -501 -630 NWC, % of NS (LTM) -6,3% -6,8% -8,2% Equity/Assets Ratio 40% 46% 40% Cash 293 633 709 Net debt 1119 771 699 Leverage 2,18x 1,56x 1,35x
Slide 10: Summary Q1 2018
Summary Q1 2018 Organic 10% in Q1 10% Q1 2018 growth 7% LTM 7% LTM EBITA 5.4% in Q1 margin 5.8% LTM Cash 80% conversion 80% LTM Interesting business Opportunities opportunities across the Nordics | 10
Slide 11: SERVICE with IQ
Q&A SERVICE with IQ jaa
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