Slide 1: Loomis Q3 2014 Presentation
Loomis Q3 2014 Presentation President and CEO: Jarl Dahlfors Stockholm November 6, 2014
Slide 2: Contents
Contents • Highlights Q3 2014 • Segments • Financials • New financial targets • Q&A 2
Slide 3: Highlights Q3 2014
Highlights Q3 2014 • Organic growth 3 percent (4) • Mainly contracts started H2 2013 • Real growth 18 percent (4) • Mainly the acquisition of VIA MAT • Operating margin 11.3 percent (10.7) • Continued efficiency work at the branches and Increased share of CMS • Rolling 12 months operating margin is
Slide 4: Operating margin development
Highlights Operating margin development 12% 11,3% 10,7% 10% 9,8% 9,8% 9,9% 10,0% 9,5% 8% 8,6% 8,1% 7,9% 6% 4% 2% 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2010 2011 2012 2013 2014 Quarters Rolling 12 4
Slide 5: Operating margin development
Highlights Operating margin development 5
Slide 6: Analysis of the Branches
Highlights Analysis of the Branches 100% 90% 22% 17% 28% 26% 26% 24% 30% 80% 70% 60% 50% 40% 78% 83% 72% 74% 74% 76% 70% 30% 20% 10% 0% 2008 2009 2010 2011 2012 2013 2014 SEPTEMBER - YEAR TO DATE Performing Non-performing 6
Slide 7: Europe Q3 2014
Segments Europe Q3 2014 Revenue development Quarters, SEK m R12, SEK m 2 500 10 000 • Organic growth 2 percent (4) 2 000 8 000 1 500 6 000 • Last year contract win in Norway 1 000 4 000 • Positive growth in majority of countries 500 2 000 • Real growth 7 percent (4) 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 8: USA Q3 2014
Segments USA Q3 2014 Revenue development Quarters, USD m R12, USD m • Organic growth 7 percent (4) 200 1 000 180 900 160 800 • Continued healthy CMS growth 140 120 700 600 100 500 80 400 • Loomis SafePoint® 60 300 40 200 20 100 • Operating margin 9.7 percent (7.9) 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 9: USA Q3 2014
Segments USA Q3 2014 100% 80% 75% 72% 71% 60% 83% 81% 78% 78% 40% 20% 25% 28% 29% 17% 19% 22% 22% 0% Q3 08 Q3 09 Q3 10 Q3 11 Q3 12 Q3 13 Q3 14 CMS CIT Revenue development by line of business 9
Slide 10: International Services Q3 2014
Segments INTERNATIONAL SERVICES Q3 2014 • Revenue SEK 330m • Bullion market a bit slow • Bank notes market on a positive trend • Operating margin of 5.8 percent was in line with expectations • Integration progressing according to plan and several business opportunities identified 10
Slide 11: Statement of income
Financials Statement of income Statement of income 2014 2013 2014 2013 SEK m Jul-Sep Jul-Sep Jan-Sep Jan-Sep Revenue 3,600 2,897 9,796 8,436 Real growth, % 18 4 12 2 Organic growth, % 3 4 4 1 Operating income (EBITA) 406 311 981 805 Operating margin, % 11.3 10.7 10.0 9.5 Amortization -13 -7 -32 -21
Slide 12: New financial targets 2014-2017
New financial targets 2014-2017 New target Priorities • CMS in USA • Loomis SafePoint in USA SEK 17 bn by 2017 • International Services Revenue • Continued development in value-added services • M&A • Fewer underperforming ”branches” Ebita Margin 10-12% • Business mix ”less CIT more CMS and LIS” • Be
Slide 13: Q&A
Q&A