Colliers International Group Inc. · TSX:CIGI
Colliers International — Investor Presentation (March 2021)
23 slides from Colliers International's investor presentation, March 2021
Slide 1: Investor Presentation
March 2021 Investor Presentation
Slide 2: Basis of Presentation; Forward-Looking Statements
Colliers 2 Basis Of Presentation • All amounts in millions of US Dollars unless otherwise noted. • Adjusted EBITDA (“ EBITD ”) and Adjusted EPS (“ EPS”) are non-GAAP measures. For reconciliations to the most directly comparable GAAP measures see Appendix. • Total shareholder return CAGR computed aft
Slide 3: The World of Colliers
The World of Colliers Global leader in diversified services Professional Investment Property Services Management 67 15,000 $40B Countries1 professionals AUM 42,000 2B transactions square feet managed 1 Includes affiliates
Slide 4: Investment Highlights
Colliers 4 Investment Highlights Well positioned for growth Proven track record Enterprising culture Compelling growth ~20% CAGR over 26 years Significant insider ownership “Th Co W y” Global platform Asset-light model Recurring earnings Geographic & service Strong cash flow and 61% of AEBITDA diver
Slide 5: 16 Year Record of Success
Colliers 5 16 Year Record of Success Historical Revenue Growth (in US$ millions) Growth leader in global property services $2,787 “The Colliers Way” Internal Growth Acquisitions $289 • Decentralized operations • Target, acquire, integrate • Multiple growth engines • More than $2.0B invested 2004 202
Slide 6: Culture Counts
Colliers 6 “Culture Counts” Enterprising culture, partnership philosophy, growth mindset & bias for action Total Shareholder Returns Far Outpace The Market CIGI NASDAQ Composite 11,700% 20% CAGR 1,630% Jan-95 Jan-95 Feb-21 Jan-20
Slide 7: Geographic Diversification
Colliers 7 Geographic Diversification 2020 Revenue By Geography 2020 AEBITDA By Geography 60% 53% 12% 18% 17% 6% 16% 18% Americas EMEA APAC Investment Management
Slide 8: Service Diversification
Colliers 8 Service Diversification Rapidly growing Recurring Revenues/AEBITDA 2020 Revenue By Service 2020 AEBITDA By Service 45% 43% 24% 51% 61% 39% Recurring Recurring 6% 25% 18% Outsourcing & Advisory Leasing Capital Markets Capital Markets & Leasing Investment Management
Slide 9: Professional Property Services
Colliers 9 Professional Property Services Fully integrated global platform Outsourcing & Advisory Revenue Leasing & Capital Markets Revenue 36% 41% 27% 36% 7% 2% 8% 26% 8% 9% Engineering & Design, Property Management Office Industrial Retail Project Management Valuation Loan Servicing Multi-family O
Slide 10: Engineering, Design, Projects
Colliers 10 Engineering, Design, Projects High value, recurring, contractual revenues Key Annualized Revenues Multi-Disciplined Professional Services Disciplines Enhancing the Built Environment Site $450 • Industry leading revenue growth1 • Highly fragmented sector Selection/Preparation million Surv
Slide 11: Investment Management
Colliers 11 Investment Management Direct private real estate investing Growing AUM $34B AUM Percentage of AEBITDA1 • Leader in alternative assets (in US$ billions) • Open and closed-end funds • Industry leading returns Global Peers2 $40 • North America and Europe $33 11% $6B AUM CIGI3 18% • Traditio
Slide 12: Harrison Street
Colliers 12 Harrison Street Global leader in alternative asset management Since AUM Mix Positive Industry Dynamics inception • Leader in alternative & differentiated assets Student Housing Senior Housing • Top tier investment returns1 >1,150 33% 29% Properties • Growing allocations to alternative as
Slide 13: Compelling Growth Prospects
Colliers 13 Compelling Growth Prospects Highly fragmented, large global markets 340B+ Market Size Recent Acquisitions Americas Property Management Colliers Nashville Sep 2020 Project Management Maser Consulting Jul 2020 Engineering & Design Valuation Dougherty Financial May 2020 Debt Finance & Servi
Slide 14: Evolving Differently
Colliers 14 Evolving Differently Recurring and scalable services Expand services Focus on higher value services • Leverage global scale & unique enterprising culture • Higher margins Recurring • Gain market share through internal • Higher value add AEBITDA growth • Highly recurring, have long term c
Slide 15: Financial Overview
15 Financial Overview
Slide 16: Strong Record of Performance
Colliers 16 Strong Record of Performance Revenue growth providing operating leverage Revenue Adjusted EBITDA (in US$ millions) (in US$ millions) $500 18.0% $3,046 $2,825 $2,787 $2,435 $400 $359 $361 16.0% $311 $1,897 $300 14.0% $1,722 $243 $203 $200 $181 12.0% 13.0% 11.8% $100 11.0% 10.0% 10.5% 10.7
Slide 17: Strong Record of Performance
Colliers 17 Strong Record of Performance Significant AEPS and operating cash flow growth Adjusted EPS Operating Cash Flow1 and Capex (in US$) (in US$ millions) $4.67 $4.09 $4.18 $257 $246 $3.16 $213 $214 $2.29 $2.44 $156 $127 $39 $36 $44 $40 $23 $25 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018
Slide 18: 2021 Outlook
Colliers 18 2021 Outlook • The impact of the COVID-19 pandemic is expected to subside over the course of 2021, although the timing and extent remain uncertain • Transactional revenues are anticipated to rebound in the second half of the year, while Outsourcing & Advisory and Investment Management re
Slide 19: Balance Sheet
Colliers 19 Balance Sheet Liquidity and cash flow Capitalization Schedule (in US$ millions) December 31, December 31, 2020 2019 Conservative financial profile with ample liquidity Cash $ 156.6 $ 115.0 Revolving Credit Facility 213.2 371.9 • As at December 31, 2020 maturing 2024 • Leverage ratio of 1
Slide 20: Investment Highlights
Colliers 20 Investment Highlights Maximizing the potential of property to accelerate success Proven track record Enterprising culture Compelling growth ~20% CAGR over 26 years Significant insider ownership “Th Co W y” Global platform Asset-light model Recurring earnings Geographic & service Strong c
Slide 21: Appendix
Appendix
Slide 22: Reconciliation of GAAP earnings to adjusted EBITDA
Colliers 22 Reconciliation of GAAP earnings to adjusted EBITDA Three months ended Twelve months ended (US$ thousands) December 31, 2020 December 31, 2019 December 31, 2020 December 31, 2019 Net earnings $ 49,568 $ 67,877 $ 94,489 $ 137,585 Income tax 22,980 25,742 42,046 53,013 Other income, net (1,
Slide 23: Reconciliation of GAAP earnings to adjusted net earnings and adjusted EPS
Colliers 23 Reconciliation of GAAP earnings to adjusted net earnings and adjusted earnings per share Three months ended Twelve months ended (US$ thousands) December 31, 2020 December 31, 2019 December 31, 2020 December 31, 2019 Net earnings $ 49,568 $ 67,877 $ 94,489 $ 137,585 Non-controlling intere
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