Colliers International Group Inc. · TSX:CIGI
Colliers International — Q3 2016 Earnings Presentation
14 slides from Colliers International's earnings presentation, Oct 28, 2016
Slide 1: Third Quarter 2016 Financial Results
Colliers International Group Inc. Third Quarter 2016 Financial Results October 28, 2016
Slide 2: Forward-Looking Statements
Colliers International 2016 Forward - Looking Statements 2 Certain statements included herein constitute “forward - looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward - looking statements involve known and unknown risks, uncertainties an
Slide 3: Third Quarter 2016 Highlights
Colliers International 2016 ▪ Operating results for third quarter o Very strong Q3 2015 results made for tough comparison o Challenging market conditions in the UK and Western Europe o Change in revenue mix impacted margins in Americas and EMEA o Strong internal growth in Asia Pacific region ▪ Compl
Slide 4: Third Quarter 2016 Results Summary
Colliers International 2016 4 YTD 2016 YTD 2015 % Change over YTD 2015 USD LC Revenue 1,320.7 1,165.9 13% 16% Adjusted EBITDA 112.6 102.2 10% 13% Adjusted EBITDA Margin 8.5% 8.8% Adjusted EPS 1.22 1.21 1% GAAP Operating Earnings 70.1 15.4 NM GAAP Operating Earnings Margin 5.3% 1.3% GAAP EPS from con
Slide 5: Third Quarter 2016 Consolidated Revenues
Colliers International 2016 5 % Change over Q3 2015 USD LC Outsourcing & Advisory 17% 18% Sales Brokerage 4% 3% Lease Brokerage 8% 9% Total 10% 11% Outsourcing & Advisory (1) Sales Brokerage Lease Brokerage % Change over YTD 2015 USD LC Outsourcing & Advisory 17% 20% Sales Brokerage 13% 15% Lease Br
Slide 6: Third Quarter Geographic Split
Colliers International 2016 6 Q3 2016 Adjusted EBITDA (1) Third Quarter Geographic Split ( US$ millions) Q3 2016 Revenue Q3 2015 Revenue Q3 2015 Adjusted EBITDA (2) (1) Q3 2016 GAAP Operating Earnings: $22.6M Americas, $4.5M EMEA, $13.1 Asia Pacific (2) Q3 2015 GAAP Operating Earnings: $17.9M Americ
Slide 7: Americas
Colliers International 2016 7 Q3 2016 Q3 2015 Q3 2015 USD LC Internal Growth (LC) Revenue Growth 15% 15% 0% Revenue 8.8% 10.2% Americas (US$ millions) Outsourcing & Advisory (1) Sales Brokerage Lease Brokerage (1) Outsourcing & Advisory services include: Corporate Solutions, Valuation & Advisory Ser
Slide 8: EMEA
Colliers International 2016 8 4.2% 12.3% EMEA (US$ millions) (1) Outsourcing & Advisory services include: Corporate Solutions, Valuation & Advisory Services, Property and Asset Management Services, Project Management, Workplace Solutions, Property Marketing and Research Services. (2) GAAP Operating
Slide 9: Asia Pacific
Colliers International 2016 9 13.3% 9.8% Asia Pacific (US$ millions) (1) Outsourcing & Advisory services include: Corporate Solutions, Valuation & Advisory Services, Property and Asset Management Services, Project Management, Workplace Solutions, Property Marketing and Research Services. (2) GAAP Op
Slide 10: Capitalization & Capital Allocation Overview
Colliers International 2016 10 Highlights ▪ $525 million multi - currency credit f acility put in place on June 1, 2015 with 5 year term ▪ Net debt leverage of 1.1 at September 30, 2016, down from 1.3 at September 30, 2015 ▪ Anticipated capital expenditures of $29 - 32 million for full year 2016 Sep
Slide 11: Looking Ahead
Colliers International 2016 ▪ Q4 Outlook o Revenue pipelines strong, but some uncertainty around completion and timing o Expect both revenues and profits to exceed the record results achieved in Q4 2015 ▪ Q4 Focus o Continue to pursue select recruits in key markets o Continue to strategically invest
Slide 12: Appendix
Appendix
Slide 13: Reconciliation of GAAP earnings to adjusted EBITDA
Colliers International 2016 Reconciliation of GAAP earnings to adjusted EBITDA 13 Three months ended Nine months ended (US$ thousands) September 30, 2016 September 30, 2015 September 30, 2016 September 30, 2015 Net earnings (loss) from continuing operations $ 13,461 $ 18,414 $ 41,250 $ (2,904) Incom
Slide 14: Reconciliation of GAAP earnings to adjusted net earnings and EPS
Colliers International 2016 Three months ended Nine months ended (US$ thousands) September 30, 2016 September 30, 2015 September 30, 2016 September 30, 2015 Net earnings (loss) from continuing operations $ 13,461 $ 18,414 $ 41,250 $ (2,903) Non - controlling interest share of earnings (3,286) (4,566
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