Loomis AB · OMXSTO:LOOMIS
Loomis AB — FY2008 Earnings Presentation
12 slides from Loomis AB's earnings presentation, Feb 16, 2009
Slide 1: Full year and Q4 2008
Full year and Q4 2008 February 16, 2009
Slide 2: Highlights 2008
Highlights 2008 Improvement in margin continues, quarter by quarter. Second half of the year includes recurring positive seasonality impacts. Inefficiencies still exist in some markets, focus on underperforming branches continues. No major impact from financial crisis so far, however we cont
Slide 3: Financial highlights – income statement
Financial highlights – income statement Income statement (MSEK) Oct-Dec Oct-Dec Change Full year Full year Change 2008 2007 * % 2008 2007 * % Sales 3 107 2 710 15 11 258 10 591 6 Organic sales growth, % 2 1 3 1 Operating income before amortization (Ebita) 239 86 178 748 566 32 Operating margin, % 7,
Slide 4: Recent turbulence on financial markets
Recent turbulence on financial markets Positive effects: increase in proportion of cash purchases lower staff turnover increased outsourcing from banks, focus on core Negative effects: increased risk of robbery reduced consumption increased risk for bad debts
Slide 5: Financial highlights – Ebita margin development
Financial highlights – Ebita margin development 9,0% 8,0% 7,0% 6,0% 5,0% 4,0% 3,0% 2,0% 1,0% 0,0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2007 2008 Quarters Rolling 12 Continuous improvement in operating margin quarter by quarter, however including positive seasonality impacts in H2.
Slide 6: Segments - Europe
Segments - Europe Sales development 7 400 2 200 Continued focus on profitability. 7 200 2 000 7 000 1 800 Rolling 12 Quarters 6 800 1 600 2007 LCM problems finally 6 600 1 400 resolved. 6 400 1 200 6 200 1 000 Continued improvement in Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 operational efficiency Quarters Rolli
Slide 7: Segments - USA
Segments - USA Sales development MUSD MUSD 700 170 Focus on underperforming branches 660 160 and continued restructuring. Rolling 12 Quarters 620 150 Good revenue growth. 580 140 540 130 Fuel surcharges implemented 500 120 succesfully to compensate for Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 increased cost. Qua
Slide 8: Sales by product line
Sales by product line 2007 (incl LCM) 2007 (excl LCM) 2008 3% 4% 3% 30% 66% 66% 38% 59% 31% Europe 2007 2008 1% 1% 16% 83% 17% 82% USA Transport CMS Other No material changes in product mix. However, healthy signs in CMS growth
Slide 9: Financial highlights – Free cash flow
Financial highlights – Free cash flow Free cash flow (MSEK) Oct-Dec Oct-Dec Full year Full year 2008 2007 2008 2007 Operating income before amortization 239 -42 748 259 Depreciation 187 171 675 672 Change in accounts receivable 172 111 79 -52 DSO - - 39 40 Change in other operating capital employed
Slide 10: Financial highlights – net debt
Financial highlights – net debt Net debt development (MSEK) Net debt December 31. 2007 -2 350 • Cash flow impact from acquisitions Free cash flow 268 and divestitures MSEK -51 Acquisitions and divestitures -51 IAC payments -457 Dividend and group contribution -427 • Cash flow from items affecting co
Slide 11: Wrap up
Wrap up Continued focus on profitability through increased operational efficiency, i.e. price, branch and risk No major impacts from financial crisis in 2008, but the situation is monitored closely... Ebita margin target of 8% in 2010 is unchanged.
Slide 12: LOOMIS – Managing Cash in Society
7‘ LOOMIS Managing Cash in Society