Prosegur Compania De Seguridad Sa · BME:PSG
Prosegur Compania De Seguridad Sa — Prosegur — H1 2008 Earnings Presentation
16 slides from Prosegur Compania De Seguridad Sa's earnings presentation, Jul 30, 2008
Slide 1: Preliminary Earnings Results 1st Half 2008 – Grupo Prosegur
Preliminary Earnings Results 1st Half 2008 – Grupo Prosegur Madrid, 30 July 2008 1
Slide 2: Executive Summary
Executive Summary Euro millions Total growth Growth Profitability Sales Sales EBIT EBIT +12.6% 987.3 +34.0% 876.9 98.2 73.3 1H 2007 1H 2008 Margen 8.4% 9.9% 1H 2007 1H 2008 • Strong growth trend, mainly due to the organic growth, • Continuation of margin improvement trend of all markets/ +12.8% coun
Slide 3: Overview of Grupo Prosegur financial results 1H 2008
Overview of Grupo Prosegur financial results 1H 2008 Euro millions Profit and Loss Account 1H 2007 1H 2008 Dif. Sales 876.9 987.3 +12.6% EBITDA 95.1 123.2 +29.5% Margin 10.8% 12.5% Depreciation -21.9 -25.0 EBIT 73.3 98.2 +34.0% Margin 8.4% 9.9% Financial Costs -6.4 -7.0 -10.0% Profit before taxes 66
Slide 4: Sales analysis
Sales analysis Euro millions Profit and Loss Account 1H 2007 1H 2008 Breakdown of sales growth Sales 876.9 987.3 EBITDA 95.1 123.2 Negative sales by the net effect Margin +12.6% 10.8% 12.5% of: -2 – Italy exited the perimeter Depreciation of consolidation -21.9 -25.0 – Acquisitions: IASA, Xiden EBIT
Slide 5: Operating margins analysis
Operating margins analysis Euro millions Profit and Loss Account 1H 2007 1H 2008 Evolution of EBIT margin Sales 876.9 987.3 EBITDA 95.1 123.2 Margin 10.8% 12.5% Depreciation -21.9 -25.0 10.4% EBIT 73.3 98.2 8.9% 9.5% 9.5% Margin 8.4% 9.9% 8.5% 8.3% Financial Costs -6.4 -7.0 9,5% Profit before taxes
Slide 6: Financial and fiscal results analysis
Financial and fiscal results analysis Euro millions Profit and Loss Account 1H 2007 1H 2008 Overview of Financial Results Sales 876.9 987.3 • Gross financial expenses have grown by € 2,5million EBITDA 95.1 123.2 (from € 6.3 million 1H 2007 to € 8.8 million 1H 2008 ) Margin 10.8% 12.5% due to the inc
Slide 7: Investments and Net Debt evolution
Investments and Net Debt evolution Euro millions Capex Capex Maintenance of the Company investment efforts with high levels of 52.0 Capex 30.7 –The Capex figure 1H 2008 included € 12 million % over sales 3.5% 5.3% investments in buildings/ land. 1H 2007 1H 2008 Net NetDebt Debt 296* The net debt of
Slide 8: Breakdown of Grupo Prosegur results
Breakdown of Grupo Prosegur results Euro millions Corporate Security Services Sales +12.5% 933.2 829.4 Total Grupo Prosegur Sales EBIT +12.6% 62.1 86.4 876.9 987.3 Margin 7.5% 9.7% EBIT + +34% 73.3 98.2 Residential Security Services Sales Margin 8.4% 9.9% +13.9% 1H 2007 1H 2008 47.5 54.1 EBIT 11.1 1
Slide 9: Corporate Security Services
Corporate Security Services 9
Slide 10: Breakdown of Corporate Security Services 1H 2008 results
Breakdown of Corporate Security Services 1H 2008 results Euro millions Europe Sales +7.2% 584.4 545.3 Total Corporate Security Services 1H 2008 EBIT Sales +12.5% 25.8 34.6 933.2 829.4 Margin 4.7 5.9% 1H 2007 1H 2008 EBIT + LatAm 86.4 n.a. 62.1 Sales +22.8% Margin 7.5% 9.7% 284.1 348.8 1H 2007 1H 200
Slide 11: Corporate Security Services: Overview of Europe Results
Corporate Security Services: Overview of Europe Results Total Sales. Euro millions Total Growth Europe +7.2% 584.4 545.3 1H 2007 1H 2008 Romania France +7.7% +13.0% 4.2 57.2 3.9 50.6 Portugal +10.5% Italy 65.3 18.7 59.1 Spain +10.8% 0 457,7 413.0 Note: Italy have not consolidated since 1/1/2008 11
Slide 12: Corporate Security Services: Overview of Latinoamerica Results
Corporate Security Services: Overview of Latinoamerica Results Total Sales. Euro millions Total Growth LatAm +22.8% Mexico 284.1 348.8 +633 % 0.3 2.2 1H 2007 1H 2008 Colombia +210% 4.8 14.9 Brazil +15.3% 172.0 149.3 Note: In 2007 Colombia consolidated only for two months Note: The growth is +10% wit
Slide 13: Highlights of the period
Highlights of the period • Good evolution from all countries, with significant growth rates. Eliminating the effect of the non- consolidation of Italian business in 2008 (Prosegur´s participation in the Group IVRI is recorded as financial investment), sales growth would be +11% Europe Europe • Conti
Slide 14: Residential Security Services
Residential Security Services 14
Slide 15: Residential Security Services 1H 2008 results analysis
Residential Security Services 1H 2008 results analysis Euro millions Growth Sales Sales +13.9% Highlight of the period 47.5 54.1 • Reinforcement of the sustainable growth and suitable profitability strategy in all markets, EBIT EBIT during 1H 2008 +6.3% 11.8 • The profitability lower growth, in comp
Slide 16: PROSEGUR
&S PROSEGUR