Slide 1: Loomis Year-end 2013 Presentation
Loomis Year-end 2013 Presentation President and CEO: Jarl Dahlfors Stockholm February 4, 2014
Slide 2: Contents
Contents • Highlights 2013 • Highlights Q4 2013 • Segments • Financials • Summary • Q&A 2
Slide 3: Highlights full year 2013
Highlights full year 2013 • 5 consecutive years of margin improvements • Organic growth 2 percent (0) • Operating margin 9.7 percent (9.0) • Operating cash conversion of 87 percent (84) • Proposed dividend increase to SEK 5.00 (4.50) per share • Well on our way to reach full year target of 10 percen
Slide 4: Highlights Q4 2013
Highlights Q4 2013 • Organic growth 3 percent (0) • Operating margin 10.1 percent (10.9) • Adjusted for the prior year non-recurring item of SEK 25m, Q4 2012 operating margin was 10.0 percent • Increasing number of performing branches • Operating cash conversion of 109 percent (101) 4
Slide 5: Operating margin development
Highlights Operating margin development 12% 10% 8% 6% 4% 2% 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2009 2010 2011 2012 2013 Quarters Rolling 12 5
Slide 6: Operating margin development
Highlights Operating margin development 12% 10% 8% 6% 4% 2% 0% 08 09 10 11 12 13 08 09 10 11 12 13 08 09 10 11 12 13 08 09 10 11 12 13 Q1 Q2 Q3 Q4 6
Slide 7: Europe Q4 2013
Segments Europe Q4 2013 Revenue development Quarters, SEK m R12, SEK m 2 500 10 000 • Organic growth 3 percent (0) 2 000 8 000 1 500 6 000 • Strong revenue growth in Sweden and Norway 1 000 4 000 500 2 000 • Operating margin 12.0 percent (12.4) 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 8: USA Q4 2013
Segments USA Q4 2013 Revenue development Quarters, USD m R12, USD m 180 900 • Organic growth 2 percent (0) 160 800 140 700 120 600 • Increased revenue due to continued outsourcing 100 500 80 400 60 300 • Operating margin 9.8 percent (11.5) 40 200 20 100 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 9: USA Q4 2013 - Revenue development by service line
Segments USA Q4 2013 100% 80% 78% 78% 74% 72% 60% 82% 81% 40% 20% 22% 22% 26% 28% 18% 19% 0% Q4 08 Q4 09 Q4 10 Q4 11 Q4 12 Q4 13 CMS CIT Revenue development by service line 9
Slide 10: Analysis of the Branches
Segments Analysis of the Branches 100% 90% 23% 21% 30% 27% 26% 25% 80% 70% 60% 50% 40% 77% 79% 70% 73% 74% 75% 30% 20% 10% 0% 2008 2009 2010 2011 2012 2013 YEAR TO DATE Performing Non-performing 10
Slide 11: Statement of income
Financials Statement of income Statement of income 2013 2012 2013 2012 SEK m Oct-Dec Oct-Dec Jan-Dec Jan-Dec Revenue 2,928 2,852 11,364 11,360 Real growth, % 3 2 2 3 Organic growth, % 3 0 2 0 Operating income (EBITA) 295 310 1,099 1,019 Operating margin, % 10.1 10.9 9.7 9.0 Amortization -7 -7 -28 -2
Slide 12: Cash flow key figures
Financials Cash flow key figures Cash flow key figures 2013 2012 2013 2012 Oct-Dec Oct-Dec Jan-Dec Jan-Dec DSO 36 37 36 37 Investment / depreciation ratio 1.3 1.2 1.0 1.0 Operating cash conversion, % 109 101 87 84 12
Slide 13: Target fulfillment – financial goals
Summary Target fulfillment – financial goals % 12,0 Operating Annual operating margin (EBITA) 10% 8,0 9,0 9,7 4,0 7,0 8,0 8,3 margin by latest 2014 0,0 2009 2010 2011 2012 2013 % 150,0 100,0 Cash flow Operating Cash flow / EBITA > 85% 50,0 94 106 77 84 87 0,0 2009 2010 2011 2012 2013 2,5 2,0 Net Deb
Slide 14: Q&A
Q&A
Slide 15: Thank you for listening!
Thank you for listening! www.loomis.com