Colliers International Group Inc. · TSX:CIGI

Colliers International — Q1 2016 Earnings Presentation

14 slides from Colliers International's earnings presentation, Apr 26, 2016

  1. Slide 1: First Quarter 2016 Financial Results

    Colliers International Group Inc. First Quarter 2016 Financial Results April 26, 2016

  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: First Quarter 2016 Results

    First Quarter 2016 Results  Strong operating results for first quarter despite foreign currency headwinds o 60% of Q1 2016 revenues were generated outside the US  Continued revenue diversification o 42% of Q1 2016 revenues from Outsourcing & Advisory services, up from 39% in prior period  Complet

  4. Slide 4: First Quarter 2016 Results Summary

    First Quarter 2016 Results Summary (US$ millions, except per share amounts) % Change over Q1 2015 Q1 2016 Q1 2015 USD LC Revenue 376.1 335.8 12% 17% Adjusted EBITDA 22.2 14.6 52% 60% EBITDA Margin 5.9% 4.3% GAAP EPS (0.19) 0.22 NM Adjusted EPS 0.19 0.10 90% 4 Colliers International 2016

  5. Slide 5: First Quarter 2016 Consolidated Revenues

    First Quarter 2016 Consolidated Revenues (US$ millions) Q1 Revenue Outsourcing & Advisory (1) Sales Brokerage Lease Brokerage % Change over Q1 2015 USD LC Outsourcing & Advisory 21% 26% Sales Brokerage 5% 10% Lease Brokerage 8% 11% Total 12% 17% 5 (1) Outsourcing & Advisory services include: Corpora

  6. Slide 6: First Quarter Geographic Split

    First Quarter Geographic Split (US$ millions) Q1 2016 Revenue Q1 2016 Adjusted EBITDA Q1 2015 Revenue Q1 2015 Adjusted EBITDA 6 Colliers International 2016

  7. Slide 7: Americas

    Americas (US$ millions)  4% internal revenue growth in local currencies and 14% growth from recent acquisitions  Internal growth was driven by Outsourcing & Advisory, particularly property management and valuation services  Margin expansion from operating leverage and favorable impact of acquisit

  8. Slide 8: EMEA

    EMEA (US$ millions)  19% internal revenue growth in local currencies and 7% growth from recent acquisitions  Internal growth was driven by strong project management revenues, particularly in France and increased sales brokerage revenues in Germany  Adjusted EBITDA was slightly lower due to timing

  9. Slide 9: Asia Pacific

    Asia Pacific (US$ millions)  2% internal revenue growth in local currencies  Revenue growth was impacted by a decline in sales brokerage in the Australian market, which is timing related and expected to recover in future quarters  Adjusted EBITDA was impacted by the reduction in revenue as well a

  10. Slide 10: Capitalization & Capital Allocation Overview

    Capitalization & Capital Allocation Overview (US$ millions) March 31, 2016 December 31, 2015 Highlights Cash $ 107.5 $ 116.2  $525 million multi-currency credit facility put in Total Debt 348.9 260.9 place on June 1, 2015 with 5 year term Net Debt $ 241.4 $ 144.8 Redeemable non-controlling  Better

  11. Slide 11: Looking Ahead

    Looking Ahead  Q2 Outlook o Revenue pipelines reflect considerable activity across all service lines o Generally stable conditions in most markets, despite uncertainty surrounding European Union  Q2 Focus o Continue to pursue select recruits in key markets o Continue to strategically invest in glo

  12. Slide 12: Appendix

    Appendix

  13. Slide 13: Reconciliation of GAAP earnings to adjusted EBITDA

    Reconciliation of GAAP earnings to adjusted EBITDA Three months ended (US$ thousands) March 31, 2016 March 31, 2015 Net earnings from continuing operations $ 4,032 $ 40 Income tax 3,071 (516) Other income, net (600) 484 Interest expense, net 2,364 2,335 Operating earnings 8,867 2,343 Depreciation an

  14. Slide 14: Reconciliation of GAAP earnings to adjusted net earnings and adjusted earnings per share

    Reconciliation of GAAP earnings to adjusted net earnings and adjusted earnings per share Three months ended (US$ thousands) March 31, 2016 March 31, 2015 Net earnings from continuing operations $ 4,032 $ 40 Non-controlling interest share of earnings (2,414) (1,399) Amortization of intangible assets

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