Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q1 2022 Earnings Presentation
16 slides from Coor Service Management Holding Ab's earnings presentation, Apr 29, 2022
Slide 1: Q1 Report January – March 2022
Q1 Report January – March 2022 AnnaCarin Grandin, President and CEO Klas Elmberg, CFO and IR Director April 29, 2022
Slide 2: Introduction and Coor’s triple bottom line
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 3: Coor is the Nordic market leader in Integrated facility management
Coor is the Nordic market leader in Integrated facility management… ... with a clear ambition of becoming truly sustainable • Customer centric business model and decentralized organization • Broad service offering within workplace services, property services and strategic advisory services • Leading
Slide 4: A well balanced portfolio
A well balanced portfolio TOTAL 10.7 bnSEK Turnover by Turnover by Turnover by Turnover by country contract type service customer segment Sweden 51% IFM 60% Cleaning 37% Public 28% Norway 22% Single services 40% Property 32% Manufactoring 24% Energy 18% Denmark 21% Workplace 19% IT & Telecom 10% Fin
Slide 5: Strong start to the year
Strong start to the year Business sustainability Q1 2022 Q1 2021 LTM Mid-long term 4-5% Organic Growth 11% -7% 8% Organic net sales growth over a business cycle Acquired Growth 13% 0% 6% n/a Adj. EBITA-Margin 6.3% 6.0% 6.3% ~5.5% Adj. EBITA margin >90% Cash Conversion1 93% 98% 93% (Adj. EBITDA – CAP
Slide 6: The sustainability culture future proof Coor
The sustainability culture future proof Coor Social and environmental sustainability Q1 2022 Q1 2021 Mid-long term Engaged and 78 78 ≥70 motivated employees1 ≤3.5 TRIF2 8.1 9.8 Total number of accidents x 1,000,000/ Total Recorded Injury Frequency number of hours worked Equal opportunities 50/50 50/
Slide 7: Business and market update
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 8: Business highlights and significant events
Business highlights and Coor • SmartClimate Powered Inväntar bild och bypå förslag LightAir significant events socialt initiativ från Helena – deadline 19e april. Q1 2022 Selection of important prolongations and wins • Won Skanska (Swedish IFM), City of Gothenburg (Swedish Cleaning), Normal (Norwegi
Slide 9: Financial performance
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 10: Sales and Adj. EBITA development
Business Sustainability Sales and Adj. EBITA development Profit & Loss Net Sales Development, SEKm Quarterly net sales LTM 3500 12000 Q1 LTM Full-year 3000 10000 2022 2021 Chg. Q1 2021 2500 8000 2000 6000 Net sales 2 955 2 330 625 10 728 10 104 1500 4000 1000 2000 Adj. EBITA 187 139 48 679 631 500 0
Slide 11: Country by country
Country by country SWEDEN NORWAY DENMARK FINLAND Share of Net Sales Share of Net Sales Share of Net Sales Share of Net Sales 51% 22% 21% 6% • Organic growth through new • Slight negative organic growth • Positive organic growth from new • Positive organic growth driven contracts (e.g., PostNord, Mic
Slide 12: Cash Flow LTM, Q1 2022
Cash Flow LTM, Q1 2022 SEK m • Continued strong contribution from operations • M&A – related to Veolia Technical Management and Inspira in Sweden
Slide 13: Cash conversion & selected balance sheet details
Cash conversion & selected balance sheet details Cash conversion Balance Sheet KPIs (SEK m) (SEK m) Q1 LTM Full-year 31 Mar 31 Dec 2022 2021 Q1 2021 2022 2021 2022 Adj. EBITDA 240 187 881 829 Net Working Capital -910 -891 -940 Capex -15 -15 -68 -68 Change in working capital -44 -2 6 49 NWC, % of NS
Slide 14: Sum-up and Q&A
Introduction and Coor’s triple bottom line Business and market update Financial performance Sum-up and Q&A
Slide 15: High growth, improved earnings and strong cash flow
Total High growth, improved earnings and strong cash flow Growth EBITA margin Cash conversion Leverage “New contracts and C19 “Capacity for M&A in “Stellar performance from “Strong cash flow focus recovery together with addition to dividends of the Swedish organisation” across the organization” M&A-
Slide 16: Q&A
Q&A Coor aims to create the happiest, healthiest and most prosperous workplace environments in the Nordic region. We strive tirelessly to build the teams and full-service solutions that enable our customers to do what they do best.
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