Coor Service Management Holding Ab · OMXSTO:COOR

Coor Service Management Holding Ab — FY2019 Earnings Presentation

12 slides from Coor Service Management Holding Ab's earnings presentation, Feb 12, 2020

  1. Slide 1: Year-end Report January-December 2019

    Year-end Report January-December 2019 Mikael Stöhr, President and CEO Klas Elmberg, CFO and IR Director February 12, 2020

  2. 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% 18% • Coor aims to create the happiest, healthiest and most TOTAL prosperous workplace environment in the Nordic Region 10 bnSEK 50% • Broad service offering within workplace services, property 25% se

  3. Slide 3: Another strong year for Coor – continued growth and all time high EBITA

    Another strong year for Coor – continued growth and all |3 time high EBITA KEY TARGETS Q4 2019 Q4 2018 FY2019 MID-LONG TERM Organic 3% 9% 5% 4-5% Growth Organic net sales growth over a business cycle Acquired Growth 2% 11% 2% N/A EBITA- ~5.5% Margin 5.6% 5.2% 5.3% Adjusted EBITA margin Cash 104% 80%

  4. Slide 4: Business highlights Q4

    Business highlights Q4 |4 BUSINESS HIGHLIGHTS Q4 and FY ▪ Successful renegotiations. The prolongation of Saab in Q4 concluded a successful year in terms of renegotiations ‒ Approximately 2 bnSEK volumes renegotiated (e.g. Volvo Cars, Aker Solutions, Velux, Aibel , NCC) ‒ 93% retention rate in both 2

  5. Slide 5: Country by country

    Country by country |5 SWEDEN NORWAY DENMARK FINLAND 50% 25% 18% 7% SHARE OF NET SALES SHARE OF NET SALES SHARE OF NET SALES SHARE OF NET SALES Q4 19 Q4 18 Q4 19 Q4 18 Q4 19 Q4 18 Q4 19 Q4 18 Organic Growth 6% 4% Organic Growth 0% 16% Organic Growth 3% 14% Organic Growth -15% 20% Acquired Growth 3% n

  6. Slide 6: Contract Portfolio Development

    Contract Portfolio Development |6 FY 2019 CONTRACT PORTFOLIO CHANGES Contracts >5 MSEK in annual sales

  7. Slide 7: Profit & Loss Statement

    Profit & Loss Statement | 7 P&L Q4 FY (SEK m) 2019 2018 Chg. 2019 2018 Chg. Net sales 2 732 2 613 119 10 313 9 489 824 Adjusted EBITA 152 135 17 549 490 60 Adjusted EBITA margin 5,6% 5,2% 0,4% 5,3% 5,2% 0,2% EBIT 74 55 19 299 219 80 Financial net -17 5 -23 -71 -62 -9 Income tax expense -16 -18 2 -59

  8. Slide 8: Cash Flow

    Cash Flow CASH FLOW FY 2019 |38 1400 1200 732 1000 “108 800 600 435 400 200 497 -380 Ingoing cash Operations Financing Dividends Outgoing cash Gi coor

  9. Slide 9: Cash flow

    Cash flow | 9 Q4 FY (SEKm) 2019 2018 Chg. 2019 2018 Chg. Adjusted EBITDA 205 154 52 749 558 190 Capex -22 -24 2 -68 -84 16 Changes in working capital 183 188 -5 101 -27 128 Adjusted operating cash flow 366 317 49 781 447 334 Cash conversion (%) 178% 206% -28% 104% 80% 24% Other operating items -45 -

  10. Slide 10: Balance Sheet

    Balance Sheet | 10 Dec 31 (SEK m) 2019 2018 Net Working Capital -774 -626 NWC, % of NS (LTM) -7,5% -6,6% Equity/Assets Ratio 29% 33% Cash 497 435 Net debt 1 741 1 318 Leverage 2,3x 2,4x

  11. Slide 11: Summary 2019

    Summary 2019 | 11 9% FY Total 5% 2% 9% Growth 5% FY Organic Organic Acquired Total 2% FY Acquired % 5.6% in Q4 12% EBITA margin FY EBITA 5.3% FY Growth Cash conversion 104% 104% LTM Interesting business Opportunities opportunities across the Nordics

  12. Slide 12: Q&A

    Q&A } 12 SERVICE with IQ G& coor

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