Colliers International Group Inc. Investor Presentation September 2015.

Colliers International Group Inc.

Investor Presentation

September 2015

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 actual results, performance or achievements of the Company, or industry

results, to be materially different from any future results, performance or achievements

expressed or implied by such forward‐looking statements. Such factors include, among

others, the following: general economic and business conditions, which will, among other

things, impact demand for the Company’s services, service industry conditions and

capacity; the ability of the Company to implement its business strategy, including the

Company’s ability to acquire suitable acquisition candidates on acceptable terms and

successfully integrate newly acquired businesses with its existing businesses; changes in

or the failure to comply with government regulations (especially safety and environmental

laws and regulations); and other factors which are described in the Company’s filings with

the Canadian securities regulators and the U.S. Securities and Exchange Commission.

Recently Completed Transaction

Colliers International is a global leader in commercial real estate services

Previously a subsidiary of FirstService Corporation (since 2004)

Recent spin-out of residential property management and property services operations into separate public company

Shareholders received one share in each company

Transaction closed June 1, 2015

Rationale

Different business models, fundamentals and capital requirements

Simplifies story, sharpens focus and maximizes flexibility

Increases visibility among investors and clients

Market Adoption

Significant insider ownership (greater than 20%)

CEO maintains control and oversight

Dual listing on NASDAQ and Toronto Stock Exchange (TSX)

Tickers: NASDAQ: CIGI, TSX: CIG

US$0.08 per share annual dividend (paid semi-annually)

1

Colliers International Group Inc.New independent public company

Colliers International Group Inc.Global leader in commercial real estate services

(1) Twelve months ended June 30, 2015.

Highly regarded global brand and platform with broad array of services

502 offices in 67 countries (with affiliates)

10,000 employees, 219 offices in 41 countries

$78.9 billion in transaction value

1.3 billion square feet managed

Diversified by services and revenue and Adjusted EBITDA by geography

Strong cash flows, modest CapEx, high variable costs

Experienced management team

Significant growth opportunities in industry ripe for consolidation

Revenue by Service(1)

Revenue and AEBITDA by Geography(1)

51%

25%

24%

AmericasEMEAAsia Pacific

Summary Overview

37%

31%

32%

Outsourcing & Advisory Sales Brokerage Lease Brokerage

44%

27%

29%

AmericasEMEAAsia Pacific

2

Colliers InternationalAn overnight success story……a century in the making!

Revenues grew 600% since 2004 - $250M to $1.6B in 2014

Key Milestones

1898 Macaulay Nicolls founded in Vancouver, Canada

1976 Colliers International Property Consultants established in Australia

1985-87 Establishes in Canada, expands to the US and then to Asia

1990 Expands into Central Europe and Latin America

2004 FirstService acquires largest Colliers operations and begins consolidation

2010 FirstService takes control of International brand

2012 Colliers UK acquired, establishing significant presence in Western Europe

2013 Colliers Germany acquired, further strengthening Western Europe

2014 Colliers France established through acquisition of AOS Group

3

Investment Highlights

Top-Tier Global Brand and Reputation

Global Full Service Platform with

Market Leading Scale

Proprietary Tools, Training, Technology

and Marketing

Experienced and Tenured Management

Team

Impressive Track Record and History of Creating Shareholders

Value

“Enterprising” Culture with Significant Insider

Ownership

Global platform + multiple services + highly recognized brand = competitive advantage in a consolidating CRE services industry

4

Sales and Lease Brokerage DivisionAcross multiple geographies and diverse client base

Key Services Description

Landlord Representation

Work for property owners to secure tenants and other occupiers

Property positioning and marketplace management

Support landlords’ ownership goals

Tenant Representation

Assist occupiers locate and secure locations

Support occupiers with strategic negotiations and advise on terms

Capital Markets & Investment Services

Deep expertise across all asset classes

Maximize real estate investment returns for clients

Provide debt and financing strategy advice and placement support

63% of revenue(1) (versus 85% in 2004)

Sales and lease brokerage across diversified client base, geographies, industries, clients

3,100+ estate professionals

Transaction value $78.9 billion in 2014

50%

21%

18%

11%

Office Industrial

Retail and Multi-family Other

Revenue by Asset Classes(1)

5(1) Twelve months ended June 30, 2015.

Outsourcing and Advisory Services DivisionProfessional advisory for large and recurring clients

Valuation & Advisory, Property

Marketing and Research39%

Property & Asset Mgmt26%

Project Mgmt & Workplace Solutions

35%

37% of revenue(1) (up from 15% in 2004)

Manage real estate portfolios and transactions for clients

1.3 billion square feet under management

Leverage global network of 5,000+ advisors

Top tier outsourcing platform with global capabilities

Same client segments as the Sales and Lease Brokerage Division

Key Outsourcing and Advisory Services

Corporate Solutions Services for large,

geographically-diverse portfolios

Valuation & Advisory Services

Wide range of valuation, realty tax and other advisory services

Property and Asset Management Services

Property oversight and facility management

Project Management Project management

services for a wide range of projects

Workplace Solutions Full suite of consulting

services for occupiers

Property Marketing Turnkey property marketing

solutions

Research Services Insights on real estate

trends

Revenue Segments(1,2)

(1) Twelve months ended June 30, 2015.(2) Corporate Solutions is embedded in each revenue segment shown above.

6

Firm (Top 5) 2014 Revenue

Colliers International $2.3B(1)

CBRE $9.0B

JLL $5.4B

DTZ(2) $2.9B

C&W(2) $2.8B

Firm (Top 5) 2014 Revenue

Deloitte & Touche $34.2B

PwC $34.0B

E&Y $27.4B

KPMG $24.8B

BDO $7.0B

Source: International Accounting BulletinSource: Commercial Property Executive

(1) Revenue includes affiliates.(2) In May 2015, DTZ and C&W announced a plan to merge.

Market Share Top 5 = 15% Market Share Top 5 = 71%

$148 billion global market

Continued outsourcing trends will drive market growth

Massive opportunity for market and service line expansion (e.g., facility management)

Highly fragmented and consolidating industry

Total Global Real Estate: $148 Billion Total Global Accounting: $180 Billion

As a top tier player, Colliers is uniquely positioned to realize on the growth opportunity of a large, consolidating and increasingly global industry

Highly Attractive Market OpportunityConsolidating industry

7

Internal Growth

Leverage “Colliers

International” Brand to Expand

Market Share

Leverage Industry

Recognized Culture to

Attract, Develop and Retain Top

Talent

Execute on Robust Pipeline of Acquisitions

and Extend Service Lines

Acquisitions

Compelling Growth ProspectsBalanced growth strategy

8

Constitutes 30% of annual revenue growth

Complements internal growth

Increase market share, expand geography, add services

Disciplined approach

Target sellers seeking to leverage global brand and platform

Strengthen sender markets

Diversify services

Deployed $650 million since 2004

Completed 40+ acquisitions

ROI of 15%+

10 Year Track Record of Successful AcquisitionsProven ability to successfully target, acquire and integrate

Balance of Internal & Acquisition Growth

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$250

$415

$564

$775 $661

$465

$851

$984

$1,159

$1,307

$1,582

Prior Year Revenue Internal Revenue Growth Acquisition Revenue Growth

($ in millions)

9

Financial Overview

Sales and Lease Brokerage

Outsourcing and Advisory Services

Long-Term Revenue Diversification TrendContinuing expansion of recurring services and geographies

Achieving a Higher % of Non-transaction Revenues

2004Revenue $250M

LTM June 30, 2015Revenue $1.7B

85%

15%

63%

37%

Achieving Greater Geographic Diversification

Americas

Rest of World

2004Revenue $250M

LTM June 30, 2015Revenue $1.7B

64%

36%51%49%

10

Strong 5 Year PerformanceAttractive financial profile with impressive historical growth

Revenue

Adjusted EBITDA (1),(2)

($ in millions)

Revenue CAGR of 18%

Established track record of expanding internally and through acquisition

One of the fastest growing commercial real estate services providers

Adjusted EBITDA CAGR of 55%

Continue margin expansion, 600bps+ improvement since 2010

Consistent execution has driven outstanding long-term performance

2010 2011 2012 2013 2014 LTM June 30, 2015

$851 $984$1,159

$1,307$1,582 $1,660

2010 2011 2012 2013 2014 LTM June 30, 2015

$27$43

$71

$104

$145$157

3.2% 4.3%6.1%

7.9%9.1% 9.5%

(1) Adjusted EBITDA as presented above is a non-GAAP measure. Investors should consider non-GAAP measures in addition to, not as a substitute for, the comparable GAAP measures. See Appendix for reconciliation to comparable GAAP measures.

(2) Results are inclusive of estimated incremental corporate costs.

CAGR: 18%

CAGR: 55%

($ in millions)

11

Q2 2015 Operating Results

($ in millions, except Adjusted EPS) Q2 2015 Q2 2014

Adjusted Adjusted

Revenue EBITDA(1) Revenue EBITDA(1) Growth(2)

Americas 205.8 17.4 200.3 17.1 7%

EMEA 105.1 17.8 71.2 9.1 70%

Asia Pacific 98.7 12.1 96.8 11.7 15%

Corporate 0.2 (2.7) 0.2 (3.6) nm

Consolidated 409.8 44.6 368.5 34.3 22%

(1) Adjusted EBITDA and Adjusted EPS as presented above are non-GAAP measures. Investors should consider non-GAAP measures in addition to, not as a substitute for, comparable GAAP measures. Please refer to Appendix for reconciliations to comparable GAAP measures.

(2) Revenue growth shown on a local currency basis.

Commentary

Americas – 4% internal revenue growth and 3% from recent acquisitions. Internal growth driven by Outsourcing & Advisory, particularly valuations and project management

EMEA – 31% internal revenue growth and 39% growth from recent acquisitions. Internal growth driven by Sales Brokerage and Lease Brokerage activity, primarily in the UK market

Asia Pacific – 13% internal revenue growth and 2% growth from recent acquisitions. Internal growth led by Lease Brokerage and Sales Brokerage, particularly in Australia and New Zealand

12

Adjusted EPS 0.58 0.44 32%

Capital Structure & Leverage

Capital Structure Policy Summary Leverage Metrics

Capital structure reflects Colliers business model

Long-term target of 1.0-1.5x financial leverage(1)

Operating free cash flow to be used to:

Fund internal growth and acquisitions

Pay down debt

Pay dividends

$525 million, 5 year revolving credit facility put in place on June 1, 2015

Significant capacity for continued acquisitions

Consistent covenant package, including maximum 3.5x financial leverage(1)

(1) Expressed as net debt / adjusted EBITDA including annualized contribution from acquisitions.

13

($ in millions)

Cash 123.7

Total debt 381.1

Net debt 257.4

LTM Adjusted EBITDA 157.2

LTM Adjusted EBITDA incl. acq. 164.0

Financial leverage(1)1.57

As of June 30, 2015

SummaryStrong global brand in a consolidating industry

Colliers International

Leading player and one of only 3 global, publicly traded CRE companies

More than 16,000 employees, 502 offices, in 67 countries, including affiliates

Substantial growth opportunities in a vast, fragmented, consolidating CRE industry

Strong market conditions supported by stable / growing economies, access to capital, and maturing CRE asset class

Experienced management team with a track record of successful value creation (20% CAGR over 20 years at FirstService)

Significant insider ownership and partnership model with operators provides alignment with public shareholders

14

Appendix – Adjusted EBITDA Reconciliation

15

(US$ thousands)

Net earnings (loss) from continuing operations $ (21,359) $ 13,837

Income tax

Other income, net

Interest expense, net

Operating earnings

Depreciation and amortization

Acquisition-related items

Spin-off stock-based compensation costs

Spin-off transaction costs

Corporate costs allocated to spin-off

Stock-based compensation expense

Adjusted EBITDA $ 44,565 $ 34,344

(16,748)

9,683

1,172

727

18,663

35,400

13,134

Three months ended

1,197

-

-

3,765

June 30, 2015

3,365

(310)

1,556

June 30, 2014

3,287

(141)

1,680

9,698

838

1,380

Appendix – Adjusted EPS Reconciliation

16

(US$ thousands)

Net earnings (loss) from continuing operations $ (21,359) $ 13,837

Non-controlling interest share of earnings

Amortization of intangible assets

Acquisition-related items

Spin-off stock-based compensation costs

Spin-off transaction costs

Corporate costs allocated to spin-off

Stock-based compensation expense

Income tax on adjustments

Non-controlling interest on adjustments

Adjusted net earnings $ 21,607 $ 15,925

(US$)

Diluted net earnings (loss) per share from continuing operations $ (0.79) $ (0.05)

Non-controlling interest redemption increment

Amortization of intangible assets, net of tax

Acquisition-related items

Spin-off stock-based compensation costs

Spin-off transaction costs, net of tax

Corporate costs allocated to spin-off, net of tax

Stock-based compensation expense, net of tax

Adjusted earnings per share $ 0.58 $ 0.44

Three months ended

741 1,406

(5,461) (2,527)

1,172 838

35,400 -

13,134 -

4,204 5,116

June 30, 2015 June 30, 2014

(7,421) (6,166)

-

1,197

June 30, 2015 June 30, 2014

3,765

(344)

Three months ended

0.03

0.26

0.09

0.02

-

-

0.03

0.09

0.01

0.08

0.03

0.96

0.25

0.01