Colliers International Group Inc. · TSX:CIGI

Colliers International — Q2 2015 Earnings Presentation

12 slides from Colliers International's earnings presentation, Aug 5, 2015

  1. Slide 1: Second Quarter 2015 Financial Results

    Colliers International Group Inc. Second Quarter 2015 Financial Results August 5, 2015

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements Certain statements included herein constitute “forward‐looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the

  3. Slide 3: Second Quarter 2015 Results

    Second Quarter 2015 Results  Debut earnings report for Colliers as an independent public company o Spin-off of FirstService was completed on June 1, 2015  Very strong operating results for second quarter despite significant F/X headwinds o 65% of Q2 2015 revenues were generated outside the US  Ac

  4. Slide 4: Second Quarter 2015 Results Summary

    Second Quarter 2015 Results Summary (US$ millions, except per share amounts) % Change over Q2 2014 Q2 2015 Q2 2014 USD LC Revenue 409.8 368.5 11% 22% Adjusted EBITDA 44.6 34.3 30% 46% GAAP EPS (1.00) (0.05) NM Adjusted EPS 0.58 0.44 32% % Change over YTD 2014 YTD 2015 YTD 2014 USD LC Revenue 745.6 6

  5. Slide 5: Second Quarter 2015 Consolidated Revenues

    Second Quarter 2015 Consolidated Revenues (US$ millions) Q2 Revenue YTD Revenue 745.6 409.8 368.5 668.0 158.3 290.8 Outsourcing & Advisory (1) 121.1 230.7 114.7 113.9 213.3 Sales Brokerage 218.1 Lease Brokerage 136.9 133.5 241.5 219.2 2015 2014 2015 2014 Internal Internal % Change over Q2 2014 USD L

  6. Slide 6: Americas

    Americas (US$ millions)  4% internal revenue growth in local currencies and 3% growth from recent acquisitions  Internal growth was driven by Outsourcing & Advisory, particularly valuations and project management Revenue Adjusted EBITDA (Adjusted EBITDA Margin) 205.8 200.4 17.4 Outsourcing & Advis

  7. Slide 7: EMEA

    EMEA (US$ millions)  31% internal revenue growth in local currencies and 39% growth from recent acquisitions  Internal growth was driven by strong Lease Brokerage and Sales Brokerage activity, particularly in the UK market  Adjusted EBITDA was up 95% from prior year quarter due to strong contribu

  8. Slide 8: Asia Pacific

    Asia Pacific (US$ millions)  13% internal revenue growth in local currencies and 2% growth from recent acquisitions  Internal growth was driven by Lease Brokerage and Sales Brokerage activity, particularly in Australia and New Zealand Revenue Adjusted EBITDA (Adjusted EBITDA Margin) 98.7 96.8 Outs

  9. Slide 9: Capitalization & Capital Allocation Overview

    Capitalization & Capital Allocation Overview (US$ millions) Highlights June 30, 2015 December 31, 2014  $525 million multi-currency credit facility put in Cash $ 123.7 $ 90.0 place on June 1, 2015 with 5 year term Total Debt 381.1 254.0  Leverage of 1.57x at June 30, 2015 up slightly Net Debt $ 25

  10. Slide 10: Appendix

    Appendix

  11. Slide 11: Reconciliation of GAAP earnings to adjusted EBITDA

    Reconciliation of GAAP earnings to adjusted EBITDA Three months ended (US$ thousands) June 30, 2015 June 30, 2014 Net earnings (loss) from continuing operations $ (21,359) $ 13,837 Income tax 3,365 3,287 Other income, net (310) (141) Interest expense, net 1,556 1,680 Operating earnings (16,748) 18,6

  12. Slide 12: Reconciliation of GAAP earnings to adjusted net earnings and adjusted EPS

    Reconciliation of GAAP earnings to adjusted net earnings and adjusted earnings per share Three months ended (US$ thousands) June 30, 2015 June 30, 2014 Net earnings (loss) from continuing operations $ (21,359) $ 13,837 Non-controlling interest share of earnings (7,421) (6,166) Amortization of intang

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