Colliers International Group (CIGI) investor relations material

Company overview and business segments

• Operates as a global diversified professional services and investment management firm with $5.6B revenue in 2025 and 24,000 professionals worldwide.

• Three main segments: Commercial Real Estate ($3.3B revenue), Engineering ($1.8B revenue), and Investment Management ($0.5B revenue, $108B AUM).

• Commercial Real Estate offers a full-service global platform, with 38% of revenue contractual and resilient, and $112B in transaction value in 2025.

• Engineering segment is rapidly growing, diversified across geographies and end markets, and will be strengthened by the acquisition of Ayesa Engineering.

• Investment Management manages $108B AUM, focusing on alternative and defensive sectors, with differentiated strategies and strong fundraising track record.

Strategic growth and transformation

• Emphasizes an enterprising culture, disciplined capital allocation, and a partnership philosophy with over 25% inside ownership.

• Pursues internal growth by investing in talent, promoting from within, and targeting faster-than-market expansion.

• Acquisitions are a key growth lever, targeting 15%+ unlevered IRR and focusing on synergies and adjacencies.

• Transformation since 2015 has increased resilient AEBITDA from 28% to 71% by 2025, driven by diversification and growth in Engineering and Investment Management.

• Cross-platform synergies between segments maximize value, with client referrals and skill transfer enhancing growth opportunities.

Financial performance and capital structure

• Revenue grew from $2.8B in 2020 to $5.6B in 2025, with Adjusted EBITDA rising from $361M to $732M and Adjusted EPS from $4.18 to $6.99.

• Maintains robust free cash flow, with a 105% conversion rate in 2025, supporting reinvestment and acquisitions.

• Over $1.1B in available liquidity under a revolving credit facility due 2031; leverage ratio at 2.0x, rising to 2.7x post-Ayesa acquisition.

• Asset-light business model with strong cash flow, low capex, and high free cash flow conversion.

• 70%+ of earnings are resilient, providing balance, stability, and durability.