Colliers International Group (CIGI) investor relations material

Company overview and strategy

• Operates as a global diversified professional services and investment management firm with three main segments: Commercial Real Estate, Engineering, and Investment Management.

• Employs 28,000 professionals and manages $110B in assets under management (AUM).

• Focuses on an asset-light business model, strong cash flow, and high free cash flow conversion.

• Maintains a partnership philosophy with substantial inside ownership, aligning leadership and shareholder interests.

• Pursues growth through disciplined capital allocation, internal growth, and targeted acquisitions with a 15%+ unlevered IRR target.

Segment performance and diversification

• Commercial Real Estate generated $3.9B in revenue (TTM Q2 2026), with over 40% from resilient, contractual sources such as property management and loan servicing.

• Engineering segment reported $1.9B in revenue, offering high-value technical consulting and benefiting from infrastructure and urbanization trends.

• Investment Management segment manages $110B in AUM, with $55B fee-paying, and focuses on alternative and defensive sectors.

• Diversification across services, asset classes, geographies, and client types enhances stability and growth potential.

• Integration of acquired managers under HSAM to be completed in 2026, amplifying value and scale.

Financial performance and capital structure

• Achieved $6.4B in pro forma revenue (TTM Q2 2026), with resilient AEBITDA exceeding 70%.

• Demonstrated consistent growth in revenue, adjusted EBITDA, and adjusted EPS from 2020 to 2025.

• Maintained robust free cash flow, with a 2025 conversion rate of 105%.

• As of June 30, 2026, available liquidity was approximately $900M, with a leverage ratio of 2.8x following a major acquisition.

• Plans to deleverage through the remainder of the year while maintaining disciplined capital allocation.