Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q2 2017 Earnings Presentation
12 slides from Coor Service Management Holding Ab's earnings presentation, Jul 20, 2017
Slide 1: Q2 Report 2017
Q2 Report 2017 Mikael Stöhr, President and CEO Olof Stålnacke, CFO and IR Director July 20, 2017
Slide 2: Coor is the Nordic market leader in IFM
Coor is the Nordic market leader in IFM • No.1 in Nordic IFM (Integrated Facility Management) TURNOVER BY COUNTRY 7% • Tailored customer proposition - 10% TOTAL • Soft FM, hard FM and strategic advisory services 7,5 59% 24% bnSEK • Both self-delivery and subcontracting Sweden Norway Denmark Finland
Slide 3: Improved profitability in all Nordic countries
Improved profitability in all Nordic countries KEY TARGETS Q2 2017 Q2 2016 LTM MID-LONG TERM Organic 3% 9% 1% 4-5% Growth Organic net sales growth over a business cycle EBITA- ~5.5% Margin 6.1% 6.0% 6.1% Adjusted EBITA margin Cash 98% 99% 98% >90% (Adj EBITDA – CAPEX Conversion – ΔWC) / Adj EBITDA C
Slide 4: Business highlights Q2
Business highlights Q2 BUSINESS HIGHLIGHTS Q2 ▪ Continued integration of large Nordic IFM-agreements underway ‒ ABB (New agreement: Sweden, Norway, Finland) ‒ NKS (Agreement under ramp-up in Sweden) ▪ Steady stream of small and mid-sized contracts signed in all countries. Total early volume 265 MSEK
Slide 5: Country by country
Country by country SWEDEN NORWAY DENMARK FINLAND 59% 24% 10% 7% SHARE OF NET SALES SHARE OF NET SALES SHARE OF NET SALES SHARE OF NET SALES Q2 17 Q2 16 Q2 17 Q2 16 Q2 17 Q2 16 Q2 17 Q2 16 Organic Growth 3% 11% Organic Growth -1% 25% Organic Growth 10% -17% Organic Growth 13% -9% EBITA Margin 10.2% 1
Slide 6: Contract portfolio development
Contract portfolio development H1 2017 CONTRACT PORTFOLIO CHANGES MSEK |6
Slide 7: Profit & Loss Statement
Profit & Loss Statement P&L Q2 YTD LTM FY (SEK m) 2017 2016 Chg. 2017 2016 Chg. Q2 2016 Net sales 1 900 1 808 92 3 757 3 575 182 7 453 7 272 Adjusted EBITA 115 109 7 238 216 22 458 435 Adjusted EBITA margin 6,1% 6,0% 0,1% 6,3% 6,0% 0,3% 6,1% 6,0% EBIT 68 61 7 144 122 22 264 242 Financial net 0 -20 1
Slide 8: Cash flow
Cash flow CASH FLOW H1 2017 MSEK |8
Slide 9: Cash flow
Cash flow Q2 LTM (SEKm) 2017 2016 Chg. Q2 2017 Adjusted EBITDA 127 117 10 504 Capex -19 -24 5 -64 Changes in working capital 35 61 -27 55 Adjusted operating cash flow 143 154 -12 495 Cash conversion (%) 112% 131% -19% 98% Other operating items -24 -20 -4 -110 Cash flow from operations 119 135 -16 38
Slide 10: Balance Sheet
Balance Sheet Jun Dec (SEK m) 2017 2016 2016 Net Working Capital -532 -473 -552 NWC, % of NS (LTM) -7,1% -6,5% -7,6% Equity/Assets Ratio 42% 46% 44% Cash 460 396 603 Net debt 930 1 015 807 Leverage 1,84x 2,33x 1,70x | 10
Slide 11: Summary Q2 2017
Summary Q2 2017 Growth 3% net sales growth 6% EBITA growth Cash 98% LTM 98% conversion Interesting business Opportunities opportunities across the Nordics | 11
Slide 12: Q&A
Q&A SERVICE with IQ
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