Compass Group PLC (OTCPK:CMPGF) Q2 2022 Earnings Conference Call May 11, 2022 4:00 AM ET Company Participants Dominic Blakemore - Group Chief Executive Officer Palmer Brown - Group Chief Financial Officer Conference Call Participants Jamie Rollo - Morgan Stanley Bilal Aziz - UBS Vicki Stern - Barclays Richard Clarke - Bernstein Neil Tyler - Redburn Joe Thomas - HSBC Jaafar Mestari - BNP Paribas Operator Hello, and welcome to the Compass Group Half Year Results Call. Hosting today's call will be Dominic Blak ...

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | Disclaimer Certain information included in this presentation is forward looking and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward looking statements. Forward looking statements cover all matters which are not historical facts and include, without limitation; the direct and indirect imp ...

Compass Group PLC (OTCPK:CMPGF) Q4 2021 Earnings Conference Call November 23, 2021 4:00 AM ET Company Participants Dominic Blakemore – Group Chief Executive Officer Palmer Brown – Group Chief Financial Officer Conference Call Participants Bilal Aziz – UBS Jamie Rollo – Morgan Stanley James Ainley – Citi Vicki Stern – Barclays Richard Clarke – Bernstein Kean Marden – Jefferies Stuart Gordon – Berenberg Jaafar Mestari – BNP Paribas Joe Thomas – HSBC Neil Tyler – Redburn Tim Barrett – Numis Dominic Blakemore T ...

| --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------| | | | | | | | | | | | | Disclaimer Certain information included in this Annual Report and Accounts is forward looking and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward looking statements. Forward looking statements cover all matters which are not historical facts and include, without limitation; the direct and indirect impacts and implicati ...

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | Disclaimer Certain information included in the following presentation is forward looking and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward looking statements. Forward looking statements cover all matters which are not historical facts and include, without limitation, projections relating to results ...

Financial Data and Key Metrics Changes - The company reported trading at 71% of 2019 revenues at the end of March, with performance across both quarters remaining broadly unchanged [3] - Operating margin in Q2 recovered to 4.2%, which is 20 basis points ahead of the Q2 pre-close trading update and 150 basis points improvement on Q1, compared to a low of minus 6% [5][9] - New business wins increased by nearly 20% over 2019, with first-time outsourcing now accounting for 50% of the value, up from the historic 30% [6] Business Line Data and Key Metrics Changes - Higher Education in North America improved in Q2 as university campuses reopened, while the Healthcare & Senior Living sector showed strong performance [4] - The B&I sector is seeing a gradual recovery, with volumes expected to improve as sites reopen [26] - Sports & Leisure activities remain muted, currently at about a third of pre-pandemic levels, with expectations for gradual improvement as restrictions ease [25] Market Data and Key Metrics Changes - In the Healthcare and Defense Offshore & Remote sectors, volumes are up 5% to 9% compared to 2019 [21] - Education sector volumes were reported at just over 70% in Q2, with expectations for a stronger return in September [23] - The company is experiencing low volumes in B&I, with current activity levels around 20% to 30% [26] Company Strategy and Development Direction - The company is focused on innovation and evolving its operating model, with a disciplined approach to bolt-on M&A for sector exposure [7] - There is a strong emphasis on digital capabilities, diversity, and sustainability as key priorities for clients [72] - The company aims to return to a group margin above 7% before reaching pre-COVID volumes, with a focus on sustainable growth [8][67] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the pace of recovery, particularly in the context of new business wins and retention rates [15][40] - The company anticipates Q3 revenues to recover slightly over Q2, with margins expected between 4.5% and 5% due to reopening costs [8] - Management highlighted the importance of health and wellness in the workplace as a growing concern for clients [96] Other Important Information - The company is actively looking for M&A opportunities, particularly in digital capabilities and healthcare sectors, while maintaining a disciplined approach to capital allocation [71][74] - The current net debt-to-EBITDA ratio is at three times, with a target gearing ratio of one to 1.5 times, indicating a focus on financial recovery [70] Q&A Session Summary Question: What is the sustainability of the new business wins trend? - Management noted that new business wins have increased from £850 million in 2019 to £1.1 billion in the first half of the current year, with a positive outlook for the medium term [15][16] Question: What is the guidance for revenue volumes in April or early May? - Management indicated that volumes in healthcare and defense sectors are showing positive trends, while education is expected to improve significantly in September [21][23] Question: What are the expectations for CapEx in the second half? - The company plans to deploy £400 million in CapEx, maintaining a focus on growth opportunities while managing capital intensity [14][30] Question: How are margins being affected by cost pressures? - Management acknowledged inflationary pressures on food and labor, with food inflation at approximately 3.4% and labor inflation around 4% [50][51] Question: What is the current status of the GPO? - The company is consolidating suppliers and maximizing benefits from a narrower food range, while maintaining strong relationships with suppliers [118][120]

Compass Group PLC (OTCPK:CMPGF) Q4 2020 Earnings Conference Call November 24, 2020 4:00 AM ET Company Participants Dominic Blakemore - Chief Executive Officer Karen Witts - Chief Financial Officer Conference Call Participants Jamie Rollo - Morgan Stanley Bilal Aziz - UBS Vicki Stern - Barclays James Ainley - Citi Richard Clarke - Bernstein Leo Carrington - Credit Suisse Kean Marden - Jefferies Tim Barrett - Numis Operator Welcome to the Compass Group PLC Full Year Results Question-And-Answer Session. Hostin ...

Compass Group PLC (OTCPK:CMPGF) Q2 2020 Earnings Conference Call May 19, 2020 4:00 AM ET Company Participants Dominic Blakemore - Chief Executive Officer Karen Witts - Chief Financial Officer Conference Call Participants Jamie Rollo - Morgan Stanley Jaafar Mestari - Exane BNP Paribas Vicki Stern - Barclays Daria Fomina - Goldman Sachs Jarrod Castle - UBS Kean Marden - Jefferies Stuart Gordon - Berenberg Peter Testa - One Investments Richard Clarke - Bernstein Rowan Marron - Rathbone Brothers Dominic Blakemo ...

2020 HALF YEAR RESULTS 19 May 2020 1 Disclaimer 2 Certain information included in the following presentation is forward looking and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward looking statements. Forward looking statements cover all matters which are not historical facts and include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives ...

Compass Group PLC (OTCPK:CMPGF) Q1 2020 Trading Update Conference Call February 6, 2020 3:00 AM ET Company Participants Dominic Blakemore - Group Chief Executive Karen Witts - Chief Financial Officer Conference Call Participants Jamie Rollo - Morgan Stanley Vicki Stern - Barclays James Ainley - Citi Jarrod Castle - UBS London Richard Clarke - Bernstein Jaafar Mestari - Exane BNP Paribas Operator Good morning, ladies and gentlemen, and welcome to the Compass Group PLC First Quarter Trading Update Call, hoste ...