Coor Service Management Holding Ab · OMXSTO:COOR

Coor Service Management Holding Ab — FY2015 Earnings Presentation

15 slides from Coor Service Management Holding Ab's earnings presentation, February 2016

  1. Slide 1: Coor Service Management Year-End Report January – December 2015

    Coor Service Management Year-End Report January – December 2015 Mikael Stöhr, President and CEO Olof Stålnacke, CFO Thomas Backteman, IR-Manager February 2016

  2. Slide 2: Coor is the Nordic market leader in IFM

    Coor is the Nordic market leader in IFM Business highlights Pan-Nordic footprint Net sales1 No.1 in Nordic IFM (Integrated Facility Management) 7% 12% 53% Tailored customer proposition Sweden Norway Soft FM, hard FM and strategic advisory services 28% Denmark Finland Both self-delivery and subcontra

  3. Slide 3: A strong conclusion to a strong year

    A strong conclusion to a strong year Key targets Q4 FY 2015 Q3 Medium- to long-term Organic +6% +10% +6% 4-5% Growth Organic net sales growth over a business cycle EBITA- Margin 5.4% 5.0% 4.2% ~5.5% Adjusted EBITA margin Cash 104% 104% 111% >90% conversion* (Adj EBITDA – CAPEX – ΔWC) / Adj EBITDA Ca

  4. Slide 4: Business Highlights

    Business Highlights Business highlights • Further important contract extensions ─ Saab (SWE) ─ Borealis (SWE) • 90 percent contract retention rate in 2015 ─ Total volumes of 2.9 bnSEK renegotiated in 2015 ─ High retention testament to strong customer relations across Nordics • Steady stream of new s

  5. Slide 5: Country by country

    Country by country Sweden Norway Denmark Finland Q4 FY15 Q4 FY15 Q4 FY15 Q4 FY15 Net Sales Growth +5% +2% Net Sales Growth +3% +31% Net Sales Growth +9% +11% Net Sales Growth -11% -3% Organic Growth +5% +2% Organic Growth +11% +36% Organic Growth +9% +8% Organic Growth -12% -6% EBITA Margin 8.6% 8.7

  6. Slide 6: Contract portfolio development

    Contract portfolio development FY 2015 Contract portfolio changes MSEK 685 -385 300 Contracts Contractsawarded awarded (+10) (10) Contractsterminated Contracts terminated (8)(-8) Net Net change (+2) Change (+2) | 6

  7. Slide 7: Profit & Loss Statement

    Profit & Loss Statement Q4 FY (SEKm) 2015 2014 Chg. 2015 2014 Chg. Net sales 2 042 1 967 75 7 482 6 844 638 Adjusted Gross Profit 250 227 23 893 809 84 Gross margin 12,2% 11,5% 0,7% 11,9% 11,8% 0,1% Adjusted EBITA 110 112 -2 374 354 20 EBITA margin 5,4% 5,7% -0,3% 5,0% 5,2% -0,2% IACs -10 -22 12 -36

  8. Slide 8: Items Affecting Comparability

    Items Affecting Comparability 2015 2014 (SEKm) FY FY Addici - M&A 0 -6 Statoil -13 -54 Other -12 -17 Total integration -25 -76 Total restructuring -6 -11 Cinven monitoring fees -2 -4 Other -3 -3 Total other -5 -7 Total IACs -36 -94 Transaction costs -79 -12 Total IACs including transaction costs -11

  9. Slide 9: Balance Sheet

    Balance Sheet ASSETS December EQUITY & LIABILITIES December (SEKm) 2015 2014 (SEKm) 2015 2014 Tangible assets 71 78 Total equity 2 733 1 178 Intangible assets 3 867 4 104 Financial assets 281 13 Borrowings 1 367 2 805 Total non-current assets 4 219 4 195 Other non-current liabilities 51 63 Total non

  10. Slide 10: Cash Flow

    Cash Flow Q4 FY (SEKm) 2015 2014 Chg. 2015 2014 Chg. Adjusted EBITDA 123 125 -2 423 403 20 Capex -14 -10 -4 -50 -32 -18 Changes in working capital 163 185 -22 69 63 6 Adjusted cash flow from operating activities 272 300 -28 442 434 8 Cash conversion (%) 221% 241% -20% 104% 108% -3% IACs and transact

  11. Slide 11: LTM P&L – Normalized

    LTM P&L – Normalized FY FY (SEKm) Actual 2015 Normalized P&L normalized for: Net sales 7 482 7 482 Adjusted Gross Profit 893 893 • Transaction costs Gross margin 11,9% 11,9% • Statoil integration cost Adjusted EBITA 374 374 • Current financing EBITA margin 5,0% 5,0% • Tax asset recognition IACs -36

  12. Slide 12: LTM Cash Flow – Normalized

    LTM Cash Flow – Normalized FY FY (SEKm) Actual 2015 Normalized Adjusted EBITDA 423 423 Cash Flow Capex -50 -50 normalized for: Changes in working capital 69 69 Adjusted cash flow from operating activities 442 442 • Transaction costs Cash conversion (%) 104% 104% and IPO related flows IACs and transa

  13. Slide 13: Summary Q4 and full year 2015

    Summary Q4 and full year 2015 Organic 6% in Q4 growth 10% FY2015 Cash 104% Conversion 104% FY2015 Interesting business Opportunities opportunities across the Nordics | 13

  14. Slide 14: Q&A

    Q&A SERVICE with IQ

  15. Slide 15: Disclaimer

    Disclaimer Disclaimer statement Some statements herein are forward-looking and the actual outcome could be materially different. In addition to the factors explicitly commented upon, the actual outcome could be materially affected by other factors, for example the effect of economic conditions, exch

Coor Service Management — FY2015 Earnings Presentation on 6ix