International Workplace Group Plc · LSE:IWG
International Workplace — Investor Day (2023)
22 slides from International Workplace's investor day presentation, 2023
Slide 1: IWG Investor Day
IWG Investor Day 2025
Slide 2: Caution statement
IWG Investor Day 2023 Caution statement No representations or warranties, express or This presentation may contain forward- The Company undertakes no obligation to implied are given in, or in respect of, this looking statements that are based on current revise or update any forward-looking presentat
Slide 3: Agenda
IWG Investor Day 2023 Agenda Founder & Chief Chief Development Chief Commercial Chief Executive Officer, Senior Vice President, Chief Executive Officer, Chief Financial Officer Executive Officer Officer Officer North America Human Resources Worka
Slide 4: Mark Dixon, Founder & Chief Executive Officer
IWG Investor Day 2023 Mark Dixon Founder & Chief Executive Officer
Slide 5: Hybrid working…
5 IWG Investor Day 2023 Hybrid working… • 30%+ of workers will adopt hybrid long-term • 50% lower cost opex… zero capex • Total addressable market = $2.0 TRN1 • What workers want / easier to hire anywhere • Prof Bloom of Stanford’s research found employees consider hybrid the equivalent of a 7-8% pa
Slide 6: – the new normal
6 IWG Investor Day 2023 – the new normal of employees want of companies report of companies are flexibility in when and better retention thanks planning a full shift where they work1 to flexible working to flexible working3 options2 Evolution of hybrid working Traditional approach to Digital-first a
Slide 7: Market opportunity
IWG Investor Day 2023 arket opportunity Total market • Studies show companies moving Hybrid to hybrid need more flexible space • No. 1 market share globally 4 • No.1 in 120 countries 3 Market Size, $trn 2 1 0 2010 2023 2030 2050 * Source: IWG internal data
Slide 8: IWG at a glance: locations, countries, users
IWG 8 IWG Investor Day 2023 3,455 locations 600 pipeline signed 120/44 countries/languages 1m+ rooms 8m users 500,000 companies
Slide 9: IWG Investor Day 2023
9 IWG Investor Day 2023 * Source: Illustration purposes only
Slide 10: Only global platform
10 IWG Investor Day 2023 only global platform Hugely fragmented market 3,455 500 216 • Lead the market 89 on innovation 61 15 • Multiple products 14 developed 13 13 • Well established 12 R&D team 11 • Data-rich history 10 10 of activity 5 0 500 1000 1500 2000 2500 3000 3500 4000 Source: WeWork estim
Slide 11: Managed and franchised, Company owned, Worka: diverse sources of cash
11 IWG Investor Day 2023 3 divisions… 3 diverse sources of cash Managed and Company Worka – franchised owned digital tools and services • C$50m contribution •c$700m • C$200m contribution in FY2023 in FY2023 in FY2023 Before depreciation and SG&A
Slide 12: Designed for each price point and work style
12 IWG Investor Day 2023 Designed for each price point and work style Luxury High design CBD Intensive work Suburbs Basic work Rural Studios Airports Value Workshops Roadside Railways Core brands
Slide 13: Who are our clients
13 IWG Investor Day 2023 Who are our clients Includes 83% of the Fortune 500 Multi-nationals Regional enterprises National corporates Small and Medium businesses Sole traders Freelancers Potential to leverage IWG’s strong relationship with its customers to support cross-sell opportunities
Slide 14: Managed and franchised: very fast growth, capital light, risk light
14 IWG Investor Day 2023 • Very fast growth 70k • Capital light • Risk light 60k • Providing service to investors and landlords • Significant investment in sales, support and opening management 50k • Significant cost advantages in supply chain and logistics 40k • Rapid, low cost, best-in-class new c
Slide 15: Company owned: significant cash contributor
15 IWG Investor Day 2023 1000 • Significant cash contributor 800 • c$700m contribution in FY 2023 $m • Fully risk managed 600 • Highly flexible, either through flexible rents or structure 400 200
Slide 16: Worka: partners, tools and software
16 IWG Investor Day 2023 • 20,000 partners • Tools and software • Yield management • Bookings and reservations service • Sustainability, consulting and products • Work from home products • Many basic services to our industry
Slide 17: Full office range, 1m+ rooms, work from home
17 IWG Investor Day 2023 Work from home Full office range Full IT & tech platform. Disaster recovery support 500,000 1m+ rooms Full service services users Global call Complete moving & Meeting & conference Full support management services. logistics service rooms 14,000 rooms business services Digit
Slide 18: 150 revenue lines on platform
IWG Investor Day 2023 150 revenue lines on platform Technology services Parking revenue in Coffee & tea revenue Printing revenue revenue in 2023 2023 in 2023 in 2023 Source: Internal estimations
Slide 19: Integrated technology and global platform infrastructure
19 IWG Investor Day 2023 Integrated technology Global platfoom infrastructure Systems Customer apps Operation centres Service centre Global infrastructure Global centre search Operating manual and New AR and collections capabilities Centre Opening methodology accounting support State-of-the-art tech
Slide 20: Why IWG is different
IWG Investor Day 2023 Why IWG is different Profitability Positive Negative Leases Totally flexible Mostly inflexible Sub-letting exposure None High Ancillary Revenues High Low Countries >120 Far fewer Suburban exposure High Low Cost Base Low High
Slide 21: Slaying the myths
IWG Investor Day 2023 Slaying the myths Savings the primary driver Everything back to normal It’s what people want Temporary problem Productivity improved “Back to work” IT innovations continue “The return to the office” to push adoptions Almost all companies adopting
Slide 22: Investment case
IWG Investor Day 2023 Investment case 1 Market leader in a future 2 Fast capital light 3 Significant cash 4 Global network and mega industry – Hybrid growth generation whilst coverage advantage work / Platform work growing 5 50% US 6 Structural cost 7 Most tenured advantage and experienced managemen