Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q4 2024 Earnings Presentation
19 slides from Coor Service Management Holding Ab's earnings presentation, Feb 6, 2025
Slide 1: Year-End Report Q4 2024
Year-End Report Q4 2024 Feb 6, 2025 Peter Viinapuu, Acting President and CEO Andreas Engdahl, CFO and IR Director
Slide 2: Coor is the leading FM provider in the Nordics
Coor is the leading FM provider in the Nordics ... with a clear ambition of becoming truly sustainable Agenda • Key highlights • Market • Profitability • Dividend • Financials • Key take aways
Slide 3: Key highlights
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Key highlights Stable market conditions, profitability was largely impacted by operational challenges • Stable market conditions, continued strong customer deliveries in Q4 • Continued successful in
Slide 4: 2024 Contract portfolio changes
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet 2024 Contract portfolio changes Offsetting large IFM losses with diverse new wins SEKm, Customer contracts >5 SEKm per year • Several midsize wins in H2 2024: Gävle municipality, Semco maritime, Tele
Slide 5: Retention and large contract maturity
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Retention and large contract maturity Winning new mid-sized contracts strengthens our position and proves our sustained competitiveness. Solid retention rate with several important large contract pro
Slide 6: Key highlights
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Key highlights Stable market conditions, profitability was largely impacted by operational challenges • Stable market conditions, continued strong customer deliveries in Q4 • Continued successful in
Slide 7: Sweden
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Sweden Operational challenges in parts of the organisation affects profitability negatively, Swedish organisation actively working to strengthen staff planning to restore profitability Organic Adj EB
Slide 8: Denmark
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Denmark Operational challenges in parts of the organisation affects profitability negatively, action plan related to management and improved control being implemented Organic Adj EBITA- Share of grow
Slide 9: Norway
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Norway Margin improvements in a more mature contract portfolio Organic Adj EBITA- Share of growth margin Net Sales 17% -6.1% 4.5% (LY 15%) (LY 4,0%) Q4 2024 • Negative organic growth from lower varia
Slide 10: Finland
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Finland Margins in line with last year Organic Adj EBITA- Share of growth margin Net Sales 6% -7.4% 1.0% (LY 4%) (LY 1,2%) Q4 2024 • Negative organic growth explained by a couple smaller contracts en
Slide 11: Implementation of simplified organisation
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Implementation of simplified organisation Implementation of a simplified organisation to reduce personnel costs, affecting 130 positions and saving approximately SEK 120 million annually • Action pro
Slide 12: Key highlights
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Key highlights Stable market conditions, profitability was largely impacted by operational challenges • Stable market conditions, continued strong customer deliveries in Q4 • Continued successful in
Slide 13: Shareholder remuneration
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Shareholder remuneration • The Board of Directors propose a dividend of 1.50 SEK/share, 1.00 SEK/share as ordinary and 0.50 SEK/share as extra, in total corresponding to 75% of Adjusted Net profit •
Slide 14: Stable market conditions, profitability largely impacted by operational challenges
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Stable market conditions, profitability largely impacted by operational challenges Business responsibility Q4 2024 Q4 2023 FY24 Mid-long term target Organic growth -3% 3% -1% 4-5% Organic net sales g
Slide 15: Net Sales and Adj. EBITA development
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Net Sales and Adj. EBITA development Q4 Full-year Full-year Profit & Loss 2024 2023 Chg. 2024 2023 Net sales 3 192 3 287 -95 12 439 12 443 Adj. EBITA 105 166 -61 546 606 Adj. EBITA margin 3,3% 5,1% -
Slide 16: Cash flow and Balance sheet
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Cash flow and Balance sheet Leverage at financial target of 3.0x, ambition to reduce leverage below 2.5x during 2025
Slide 17: Cash conversion
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Cash conversion Weak cash generation in 2024 driven by working capital build-up, several actions aimed at restoring the level of working capital in 2025 being implemented Cash conversion 90% -11% -9%
Slide 18: Key take aways
Key highlights Financials Key take aways Market Profitability Dividend P&L Cash flow & Balance sheet Key take aways Building a stronger Coor for the future • Still see good underlying growth in a stable market, and Coor is demonstrating continued competitiveness through successful tenders • Focus re
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
Coor Service Management Holding — Q4 2024 Earnings Presentation on 6ix