Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q2 2023 Earnings Presentation
19 slides from Coor Service Management Holding Ab's earnings presentation, Jul 14, 2023
Slide 1: Interim report Q2 2023
Interim report Q2 2023 July 14, 2023
Slide 2: Agenda
1. Key highlights in the quarter 2. Coor’s triple bottom line Agenda 3. Financial performance 4. Sum-up and Q&A AnnaCarin Grandin, President and CEO Andreas Engdahl, CFO and IR Director
Slide 3: Agenda
1. Key highlights in the quarter 2. Coor’s triple bottom line Agenda 3. Financial performance 4. Sum-up and Q&A
Slide 4: Key highlights in the second quarter
Key highlights in the second quarter Business responsibility Social responsibility Growth opportunities • Won several small and midsized • Continued strong results in the ahead contracts, e.g. Fabege and employee survey 2023 • Continued strong sales pipeline National Agency for Education in across t
Slide 5: Simply by Coor
Simply by Coor Simplifies work life for service users by gathering all workplace services in one digital interface • Fully integrated with all services delivered by Coor e.g., • Food & Beverages: Lunch, catering, takeaway • Service requests, fault reporting • Concierge, wellness services • Workplace
Slide 6: Agenda
1. Key highlights in the quarter 2. Coor’s triple bottom line Agenda 3. Financial performance 4. Sum-up and Q&A
Slide 7: Historically strong turnover with continued high business activity
Historically strong turnover with continued high business activity Business responsibility Q2 2023 Q2 2022 LTM Mid-long term target 4-5% Organic Growth 2% 9% 0% Organic net sales growth over a business cycle Acquired Growth 2% 11% 4% n/a Adj. EBITA-Margin 5,1% 5,8% 4,9% ~5,5% Adj. EBITA margin >90%
Slide 8: Strong results in the employee survey 2023
Strong results in the employee survey 2023 Social and environmental responsibility Q2 2023 Q2 2022 FY 2022 Mid-long term target Engaged and motivated employees1 76 76 76 ≥70 Employee motivation index (EMI) Safe work environment2 ≤3,5 Total Recorded Injury Frequency (TRIF) 6,8 8,0 7,0 Total number of
Slide 9: Agenda
1. Key highlights in the quarter 2. Coor’s triple bottom line Agenda 3. Financial performance 4. Sum-up and Q&A
Slide 10: Quarterly Net sales and Organic growth
Quarterly Net sales and Organic growth bnSEK Key comments • Organic growth in Q2 driven by high variable volumes and several new midsized contracts, partly offset by the ended contract with Volvo Group as well as completed large maintenance stops in the Norwegian Oil & Gas industry in Q2 2022 • Aver
Slide 11: Net Sales segmentation
Net Sales segmentation Net Sales (LTM) 12.0 bnSEK
Slide 12: Quarterly EBITA and margin
Quarterly EBITA and margin Key comments • EBITA and margin in line with previous quarter • Volume mix and use of resources fully normalized vs LY • Average adjusted EBITA margin since IPO at ~5.5%
Slide 13: By geographic region
By geographic region SWEDEN DENMARK NORWAY FINLAND Share of Net Sales Share of Net Sales Share of Net Sales Share of Net Sales 53% 24% 17% 6% • Organic growth from new • Continued organic growth from • Negative organic growth • Organic growth driven by several contracts and high variable successive
Slide 14: Contract portfolio & maturity
Contract portfolio & maturity 2023 Contract portfolio changes1 Large2 contract maturity SEKm 190 -25 165 New Contracts Net change contracts ended H1 2023 (+14) awarded H1 2023 (-2) H1 2023 (+16) 1 Customer contracts >5 SEKm per year 2 Customer contracts > 100 SEKm per year 3 Ericsson
Slide 15: Stable cash conversion
Stable cash conversion Key comments • Continued stable contribution from operations, cash conversion at 90% (LTM) in Q2 2023 • Stable pattern on customer payments • M&A related to Skaraborgs Städ in Sweden
Slide 16: Balance sheet
Balance sheet Key comments • Net Working Capital as % of Net Sales (LTM) at -7%, in line with Q2 last year • Balance sheet normalized compared to pandemic period that had lower variable volumes • Leverage at 2.6X, increase vs previous quarter from distributing ordinary dividends and finalizing acqui
Slide 17: Agenda
1. Key highlights in the quarter 2. Coor’s triple bottom line Agenda 3. Financial performance 4. Sum-up and Q&A
Slide 18: Summary of the second quarter
Summary of the second quarter Net Sales Margin Cash flow Sustainability “Historically strong sales” “Focus on profitability” “Solid cash flow generation “High Employee Motivation and stable payment Index at 76” patterns”
Slide 19: 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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