Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q1 2017 Earnings Presentation
11 slides from Coor Service Management Holding Ab's earnings presentation, May 2017
Slide 1: Q1 Report 2017
Q1 Report 2017 Mikael Stöhr, President and CEO Olof Stålnacke, CFO and IR Director May, 2017
Slide 2: Coor is the Nordic market leader in IFM
Coor is the Nordic market leader in IFM TURNOVER BY • No.1 in Nordic IFM (Integrated Facility Management) COUNTRY 7% • Tailored customer proposition - 10% • Soft FM, hard FM and strategic advisory services TOTAL 7,7 54% • Both self-delivery and subcontracting 29% bnSEK Sweden Norway Denmark Finland
Slide 3: Improved profitability and good market prospects
Improved profitability and good market prospects KEY TARGETS Q1 2017 Q1 2016 LTM MID-LONG TERM Organic 1% 3% 2% 4-5% Growth Organic net sales growth over a business cycle EBITA- ~5.5% Margin 6.2% 6.0% 5.8% Adjusted EBITA margin Cash >90% Conversion 103% 108% 103% (Adj EBITDA – CAPEX – ΔWC) / Adj EBI
Slide 4: Business highlights Q1
Business highlights Q1 BUSINESS HIGHLIGHTS Q1 Integration of large Nordic IFM-agreements underway ‒ ABB (New agreement: Sweden, Norway, Finland) ‒ NKS (Agreement under ramp-up in Sweden) ‒ SAS (Prolonged agreement: Sweden, Norway, Denmark) ‒ Tieto (Prolonged agreement: Sweden, Norway, Denmark) S
Slide 5: Country by country
Country by country SWEDEN NORWAY DENMARK FINLAND 54% 29% 10% 7% SHARE OF NET SALES SHARE OF NET SALES SHARE OF NET SALES SHARE OF NET SALES Q1 17 Q1 16 Q1 17 Q1 16 Q1 17 Q1 16 Q1 17 Q1 16 Organic Growth 5% 7% Organic Growth -7% 11% Organic Growth 7% -22% Organic Growth 2% -12% EBITA Margin 11.3% 11.
Slide 6: Profit & Loss Statement
Profit & Loss Statement P&L Q1 LTM FY (SEK m) 2017 2016 Chg. Q1 2016 Net sales 1 930 1 859 70 7 701 7 631 Adjusted EBITA 119 111 8 448 440 Adjusted EBITA margin 6,2% 6,0% 0,2% 5,8% 5,8% EBIT 72 65 7 249 242 Financial net -5 -19 14 -61 -75 Income tax expense -14 -11 -3 -46 -43 Net income 52 34 18 143
Slide 7: Cash flow
Cash flow CASH FLOW LTM Q1 2017 |7
Slide 8: Cash flow
Cash flow Q1 LTM (SEKm) 2017 2016 Chg. Q1 2017 Adjusted EBITDA 132 122 10 497 Capex -13 -15 2 -72 Changes in working capital -57 -105 49 87 Adjusted operating cash flow 62 2 60 511 Cash conversion (%) 47% 2% 46% 103% Other operating items -28 -15 -13 -111 Cash flow from operations 34 -13 47 400 Cash
Slide 9: Balance Sheet
Balance Sheet Mar Dec (SEK m) 2017 2016 2016 Net Working Capital -442 -346 -500 NWC, % of NS (LTM) -5,7% -4,6% -6,5% Equity/Assets Ratio 46% 46% 44% Cash 633 419 603 Net debt 771 965 808 Leverage 1,55x 2,23x 1,66x | 9
Slide 10: Summary Q1 2017
Summary Q1 2017 EBITA 6.2 % in Q1 margin 5.8% LTM Cash 103% LTM 103% conversion Interesting business Opportunities opportunities across the Nordics | 10
Slide 11: Q&A
Q&A SERVICE with IQ jaa
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