International Workplace Group Plc · LSE:IWG
International Workplace — IWG — Investor Day (December 2023)
15 slides from International Workplace's investor day presentation, Dec 5, 2023
Slide 1: Worka creates a smarter working world for everyone
Worka creates a smarter working world for everyone. TIM RODBER Chief Executive Officer, Worka
Slide 2: What is Worka?
What is Worka? The largest independent global marketplace for flexible workspace. Unrivalled market data, advice, technology and services for the office industry. Helping businesses solve the hybrid working challenge and space providers bring flex product to market.
Slide 3: What's the problem?
What’s the problem? Employees I want choice and a better workspace experience, "my work purpose should be matched by workspace" Businesses I need more agile and sustainable workspaces that engage my workforce in a hybrid working world The Office Flex operators Industry I need to grow faster to match
Slide 4: What's the problem?
What’s the problem? Employees I want choice and a better workspace experience, "my work purpose should be matched by workspace" Businesses I need more agile and sustainable workspaces that engage my workforce in a hybrid working world Flex operators I need to grow faster to match The Office demand,
Slide 5: The office industry is changing...
The office industry is changing... TODAY IN 5 YEARS Flex product 40k 80k Flex product shared flex centres globally Short-term lease 20 – 30% product of workspaces forecast Traditional to become hybrid Long leases lease aren't agile! Slow and ~$2tn difficult hybrid workspace Traditional opportunity
Slide 6: Worka... what we do
Worka... what we do Clients │ The largest flex marketplace connecting businesses and their CONNECTED MARKETPLACE employees to 40k+ flex spaces across 170 countries and 5,500 cities Operators │ From virtual offices and meeting rooms, to coworking spaces and private offices Landlords
Slide 7: Case study: Growth Company
Case study: Growth Company largest travel e-commerce platform "My business growth is more agile using flexible workspace products" 71 Hybrid Offices 34 Countries 59 Cities 2,000 Employees FlexPortfolio Consulting 8 Year Relationship
Slide 8: Worka... what we do
Worka... what we do Clients │ The Managed Office productises the lease for landlords and clients: short- CONNECTED MARKETPLACE lease dedicated spaces on time and on budget │ Portfolio Management to Operators SERVICES transition portfolios from long leases to flex │ Flex Office Services to open Manag
Slide 9: Case study: Company transitioning to flex
Case study: Company transitioning to flex Top 5 Big Tech “My space, where I want it, on time, on budget” 42 Hybrid Offices 5 Managed Offices 30 Countries 5,000 Employees Workplace strategy and sustainability advice 10 Year Relationship
Slide 10: Case study: Landlord monetising flex
Case study: Landlord monetising flex Global Landlord “Turn my vacant space into revenue-generating flex product” 5 Locations piloted 54 Spaces in pipeline 6 Countries 6m sq ft
Slide 11: Worka... what we do
Worka... what we do Clients │ The industry’s leading data platform CONNECTED MARKETPLACE │ Market leading corporate real estate consultancy │ Market leading Operators SERVICES sustainability practice Managed Flex Office offices Services Portfolio DATA, CONSULTING ManagementAND SUSTAINABILITY Landlor
Slide 12: Case study: Sustainability Index
Case study: Sustainability Index “I want to prove to my clients that my spaces operated more sustainably” 15th September 3,000 816,127 63,631,151 ‘23 workplaces desks sq ft launch date (adding +200 per month)
Slide 13: Investing in our right to win
Investing in our right to win 1 2 3 Global Scale Depth of Capability Leading Industry Partner │ Opening up an unprecedented │ 100 new locations per month contributing │ Capturing larger corporate portfolios: global liquidity pool data to top 50 key accounts continue to grow │ Adding 1,000 new flex l
Slide 14: Robust financial performance
Robust financial performance Revenue ($m) Gross margin $2tn 45% 44% 51% hybrid workspace 388 448 opportunity 2021 2023E 2028 2021 2023E 2028 target target EBITDA ($m) EBITDA margin 42% 36% 34% 150 114 2021 2023E 2028 2021 2023E 2028 target target Source: 2023e = internal company forecasts
Slide 15: A smarter working world for everyone: hybrid working meets flex office product
A smarter working world for everyone: hybrid working meets flex office product Employees I get more choice and a better workspace experience Businesses Greater business agility, an engaged workforce in a hybrid working world, better value for money Flex operators I can grow faster Landlords I now ru