Slide 1: Q3 Report 2016
Q3 Report 2016 Coor Mikael Stöhr, President and CEO Olof Stålnacke, CFO and IR Director
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: Strong profit growth, improved margins and continuous strong cash flow in the third quarter
Strong profit growth, improved margins and continuous strong cash flow in the third quarter KEY TARGETS Q3 2016 Q3 2015 LTM MID-LONG TERM Organic 1% 6% 5% 4-5% Growth Organic net sales growth over a business cycle EBITA- ~5.5% Margin 5.3% 4.2% 5.7% Adjusted EBITA margin Cash 103% 104% 103% >90% (Adj
Slide 4: Business highlights Q3
Business highlights Q3 BUSINESS HIGHLIGHTS Q3 Steady stream of small and mid-sized contracts in all countries ‒ Aker Solutions, Akastor (Norway) ‒ Uniper, Borealis (Sweden) ‒ UCC, Cabinn (Denmark) ‒ Attendo Care (Finland) New service solution released: Coor Bike2WorkTM Focused push for operati
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 Q3 LTM Q3 Q3 LTM Q3 Q3 LTM Q3 Q3 LTM Q3 Organic Growth 6% 7% Organic Growth 1% 11% Organic Growth -20% -12% Organic Growth -5% -10% EBITA Margin 8.2% 9.5% EBITA
Slide 6: Profit & Loss Statement
Profit & Loss Statement P&L Q3 YTD LTM FY (SEK m) 2016 2015 Chg. 2016 2015 Chg. Q3 2015 Net sales 1 821 1 806 15 5 585 5 440 146 7 627 7 482 Adjusted Gross Profit 227 206 21 724 643 81 974 893 Adjusted gross margin 12,4% 11,4% 1,1% 13,0% 11,8% 1,1% 12,8% 11,9% Adjusted EBITA 97 75 21 321 264 58 431
Slide 7: Financial Net
Financial Net Financial net YTD LTM FY (SEK m) 2016 2015 Chg. Q3 2015 Net Interest -25 -93 68 -35 -104 Borrowing Costs -2 -53 51 -3 -54 Other -3 -14 11 -2 -13 Financial Net excl. FX -29 -161 131 -40 -171 FX Effects -40 43 -83 -26 56 Financial Net -70 -118 48 -66 -115 | 7
Slide 8: Balance Sheet
Balance Sheet ASSETS Sep Dec EQUITY & LIABILITIES Sep Dec (SEK m) 2016 2015 2015 (SEK m) 2016 2015 2015 Tangible assets 69 76 71 Total equity 2 703 2 714 2 733 Intangible assets 3 831 3 935 3 866 Financial assets 278 294 282 Borrowings 1 406 1 385 1 367 Total non-current assets 4 178 4 305 4 219 Oth
Slide 9: Cash Flow
Cash Flow Q3 LTM (SEKm) 2016 2015 Chg. Q3 Adjusted EBITDA 108 87 21 477 Capex -10 -16 6 -63 Changes in working capital -50 -60 10 75 Adjusted cash flow from operating activities 49 12 37 489 Cash conversion (%) 45% 13% 32% 103% IACs and transaction costs incl non-P&L -4 -14 10 -23 Adjustment for ite
Slide 10: Summary Q3
Summary Q3 EBITA 5,3% in Q3 margin 5,7% LTM Cash 103% LTM conversion 103% Interesting business Opportunities opportunities across the Nordics | 10
Slide 11: Q&A
Q&A SERVICE with IQ jaa