Slide 1: Q4/Full Year Report 2024
Securitas Q4/Full Year Report 2024 Magnus Ahlqvist, President and CEO Andreas Lindback, CFO
Slide 2: Strong strategic execution and performance in 2024
Securitas Full Year Report January-December 2024 2 Strong strategic execution and performance in 2024 – Organic sales growth of 4 percent (6) in the fourth quarter, with 6 percent (6) real sales growth in technology and solutions – Operating margin of 7.3 percent (6.8) in the fourth quarter – Europe
Slide 3: Operating margin improvement in both business lines
Securitas Full Year Report January-December 2024 3 Operating margin improvement in both business lines Real % of EBITA % of Group sales growth, % Group sales margin, % EBITA* – Good underlying performance within Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 security services driven primarily by Business line 2024 2023 20
Slide 4: Securitas North America: Organic sales growth driven by Technology
Securitas Full Year Report January-December 2024 4 Securitas North America Organic sales growth driven by the Technology business unit Organic sales growth Organic sales growth 2% (4) in Q4, 3% (6) in FY 10% 9% — Driven by good growth in the Technology business unit 8% 7% — Organic sales growth in G
Slide 5: Securitas North America: Operating margin improved in full year
Securitas Full Year Report January-December 2024 5 Securitas North America The operating margin improved in the full year and was unchanged in the quarter Operating margin Operating margin 9.3% (9.3) in Q4, 9.1% (9.0) in FY 10% — The operating margin in the Guarding business unit improved in the fou
Slide 6: Securitas Europe: Organic sales growth driven by price and technology
Securitas Full Year Report January-December 2024 6 Securitas Europe Organic sales growth mainly driven by price increases and technology and solutions Organic sales growth Organic sales growth 5% (11) in Q4, 8% (12) in FY 14% — Organic sales growth was primarily driven by price increases including i
Slide 7: Securitas Europe: Strong operating margin improvement in security services
Securitas Full Year Report January-December 2024 7 Securitas Europe Strong operating margin improvement within security services Operating margin Operating margin 7.0% (6.6) in Q4, 6.5% (6.1) in FY 8% — The improvement was driven by security services through improved margins on new sales and active
Slide 8: Securitas Ibero-America: Organic sales growth driven by technology and price
Securitas Full Year Report January-December 2024 8 Securitas Ibero-America Organic sales growth driven by technology and solutions and price increases Organic sales growth Organic sales growth 3% (7) in Q4, 6% (15) in FY — Organic sales growth driven by good technology and 24% solutions sales and pr
Slide 9: Securitas Ibero-America: Improved operating margin driven by technology
Securitas Full Year Report January-December 2024 9 Securitas Ibero-America The improved operating margin was driven by technology and solutions Operating margin Operating margin 7.5% (7.2) in Q4, 7.0% (6.4) in FY 8% — The improvement was driven by technology and solutions 7% 6% 5% 4% 3% 2% Q1 Q2 Q3
Slide 10: Financials
Securitas 10 Financials Andreas Lindback Chief Financial Officer
Slide 11: Financial highlights
Securitas Full Year Report January-December 2024 11 Financial highlights Q4 Q4 FY FY MSEK 2024 2023 2024 2023 Sales 41 794 39 542 161 921 157 249 Organic sales growth, % 4 6 5 9 Operating income before amortization 3 036 2 683 11 200 10 247 – Material reduction in IAC to MSEK -128 (-404) Operating m
Slide 12: Substantial reduction in items affecting comparability
Securitas Full Year Interim Interim Report Report Report January-December January-September January-September 2024 2024 2024 12 Items affecting comparability Substantial reduction in items affecting comparability • • • • Full year IAC 2023 MSEK -1 348 • • 2024 MSEK -749 • 2025E MSEK -375 • • • • • •
Slide 13: Positive impact from FX in the quarter
Securitas Full Year Report January-December 2024 13 Positive impact from FX in the quarter Change FX SEK END-RATES MSEK Q4 2024 Q4 2023 Total, % Real*,% Q4 2024 Q4 2023 % Sales 41 794 39 542 6 4 USD 10.995 9.930 10.73 Operating income 3 036 2 683 13 11 EUR 11.486 11.037 4.07 EPS, SEK 2.86 2.11 35 39
Slide 14: Aviation France
Securitas Full Year Report January-December 2024 14 Aviation France – Put option agreement to divest Securitas Aviation France to management signed December 27 – The put option is exercisable upon completion of mandatory workers councils consultation process – FY 2024 sales of approx. BSEK 1.5 with
Slide 15: Full year cash flow exceeding financial target
Securitas Full Year Report January-December 2024 15 Full year cash flow exceeding financial target MSEK Q4 2024 Q4 2023 FY 2024 FY 2023 Operating income before − Q4 operating cash flow amortization 3 036 2 683 11 200 10 247 − Positive development of trade receivables Investments in non-current from
Slide 16: Accelerated de-leveraging of Net debt/EBITDA to 2.5x
Securitas Full Year Report January-December 2024 16 Accelerated de-leveraging of Net debt/EBITDA to 2.5x — Solid deleveraging to 2.9x (3.3) net debt to EBITDA ratio Oct-Dec Jan-Dec 3.0 MSEK 2024 2024 2.8 2.9 2.9 Net debt Oct 1/Jan 1, 2024 -38 469 -37 530 2.6 2.7 2.7 Free cash flow 3 663 5 077 2.4 2.
Slide 17: Financing overview
Securitas Full Year Report January-December 2024 1717 Financing overview — No financial covenants MSEK – No financial covenants 10 000 – Strong liquidity at end of the quarter: BSEK 7.4 7 500 – MEUR 1 029 RCF matures in 2027 and is fully undrawn 5 000 – MSEK 1 500 Private placement with maturity in
Slide 18: Shaping the future Securitas
Securitas Shaping the future Securitas
Slide 19: Securitas Group – Strong strategic execution and performance in 2024
Securitas Securitas Group – Strong strategic execution and performance in 2024 Operating margin Operating cash flow 8% Financial target 160% 147% 6.9% 7% 6.5% 6.0% 120% 6% 5.6% 93% 5.2% 83% 82% 85% 84% 5.1% 5.2% 5.1% 5.2% 67% 60% 71% 80% 80% 5% 4.5% 4% 40% 3% 0% 2015 2016 2017 2018 2019 2020 2021 20
Slide 20: Executing our strategy and driving performance
Securitas Full Year Report January-December 2024 2020 Executing our strategy and driving performance – The operating margin improved to 7.3 percent (6.8) in the fourth quarter – Strong improvement in the security services business line – Operating cash flow was 153 percent (166) in the fourth quarte
Slide 21: Securitas
Securitas