Colliers International Group Inc. · TSX:CIGI

Colliers International — Q2 2016 Earnings Presentation

15 slides from Colliers International's earnings presentation, Jul 26, 2016

  1. Slide 1: Second Quarter 2016 Financial Results

    Colliers International Group Inc. Second Quarter 2016 Financial Results July 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: Second Quarter 2016 Results

    Second Quarter 2016 Results  Strong operating results for second quarter o Ongoing foreign currency headwinds with 61% of Q2 2016 revenues generated outside the US o Strong internal growth in most major markets, especially in Americas region  Completed two tuck-in acquisitions during quarter o Nor

  4. Slide 4: Second Quarter 2016 Results Summary

    Second Quarter 2016 Results Summary (US$ millions, except per share amounts) % Change over Q2 2015 Q2 2016 Q2 2015 USD LC Revenue 482.5 409.8 18% 21% Adjusted EBITDA 52.8 44.6 18% 23% Adjusted EBITDA Margin 10.9% 10.9% Adjusted EPS 0.63 0.58 9% GAAP Operating Earnings 37.6 (16.7) NM GAAP Operating E

  5. Slide 5: Second Quarter 2016 Consolidated Revenues

    Second Quarter 2016 Consolidated Revenues (US$ millions) Q2 Revenue YTD Revenue Outsourcing & Advisory (1) Sales Brokerage Lease Brokerage % Change over Q2 2015 USD LC % Change over YTD 2015 USD LC Outsourcing & Advisory 14% 17% Outsourcing & Advisory 17% 22% Sales Brokerage 32% 34% Sales Brokerage

  6. Slide 6: Second Quarter Geographic Split

    Second Quarter Geographic Split (US$ millions) Q2 2016 Revenue Q2 2016 Adjusted EBITDA(1) Q2 2015 Revenue Q2 2015 Adjusted EBITDA(2) 6 Colliers International 2016 (1) Q2 2016 GAAP Operating Earnings: $22.6M Americas, $11.7M EMEA, $9.1 Asia Pacific (2) Q2 2015 GAAP Operating Earnings: $11.9M Americas

  7. Slide 7: Americas

    Americas (US$ millions)  14% internal revenue growth in local currencies and 16% growth from recent acquisitions  Internal growth was driven by significant Sales Brokerage revenues in the US and Canada  Margin expansion from operating leverage and favourable impact of recent acquisitions Revenue

  8. Slide 8: EMEA

    EMEA (US$ millions)  6% internal revenue growth in local currencies and 8% growth from recent acquisitions  Internal growth was driven by strong Outsourcing & Advisory revenues – primarily project management  Adjusted EBITDA was down from prior year quarter due to (i) revenue mix, with project ma

  9. Slide 9: Asia Pacific

    Asia Pacific (US$ millions)  9% internal revenue growth in local currencies  Internal growth was driven by Sales Brokerage activity in Australia and New Zealand offset by a modest decline in Asia revenues  Adjusted EBITDA was impacted by significant investments in key personnel in several Asian m

  10. Slide 10: Capitalization & Capital Allocation Overview

    Capitalization & Capital Allocation Overview (US$ millions) June 30, 2016 December 31, 2015 Highlights Cash $ 96.7 $ 116.2  $525 million multi-currency credit facility put in Total Debt 339.5 260.9 place on June 1, 2015 with 5 year term Net Debt $ 242.8 $ 144.8 Redeemable non-controlling  Better t

  11. Slide 11: First anniversary as independent public company

    First anniversary as independent public company  Gaining momentum o Strategically investing in global platform with 16 acquisitions completed in past year ($84 million invested)  Consolidation of global leadership to Toronto to improve effectiveness for the future o Seattle and Vancouver continuin

  12. Slide 12: Looking Ahead

    Looking Ahead  Q3 Outlook o Revenue pipelines reflect considerable activity across all service lines o Generally stable conditions in most markets, despite uncertainty surrounding UK o Strong Q3 2015 operating results will make for a tough comparison  Q3 Focus o Continue to pursue select recruits

  13. Slide 13: Appendix

    Appendix

  14. Slide 14: Reconciliation of GAAP earnings to adjusted EBITDA

    Reconciliation of GAAP earnings to adjusted EBITDA Three months ended Six months ended (US$ thousands) June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Net earnings (loss) from continuing operations $ 23,756 $ (21,359) $ 27,787 $ (21,319) Income tax 12,861 3,365 15,931 2,849 Other income, net

  15. Slide 15: 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 Six months ended (US$ thousands) June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Net earnings (loss) from continuing operations $ 23,756 $ (21,359) $ 27,787 $ (21,319) Non-controlling

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