Securitas Ab Class B · OMXSTO:SECU_B
Securitas Ab Class B — Q1 2025 Earnings Presentation
18 slides from Securitas Ab Class B's earnings presentation, May 8, 2025
Slide 1: Interim Report January-March 2025
Securitas Interim Report January-March 2025 Magnus Ahlqvist, President and CEO Andreas Lindback, CFO Q1
Slide 2: A good start to the year
Securitas Interim Report January-March 2025 2 A good start to the year – Organic sales growth of 3 percent (7) in the first quarter – Operating margin of 6.4 percent (6.0) in the first quarter – Supported by all business segments – Both security services and technology & solutions improved the opera
Slide 3: Operating margin improvement in both business lines
Securitas Interim Report January-March 2025 3 Operating margin improvement in both business lines Real sales % of EBITA % of Group growth, % Group sales margin, % EBITA* Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 – The technology and solutions business delivered healthy growth and operating margin improvement Business
Slide 4: Securitas North America: Healthy organic sales growth and continued margin improvement
Securitas Interim Report January-March 2025 4 Securitas North America Healthy organic sales growth and continued margin improvement Organic sales growth 3% (4) in Q1 Operating margin 8.7% (8.6) in Q1 10% • Organic sales growth driven by: 10% • Improved operating margin in • good growth in the the Gu
Slide 5: Securitas Europe: Higher operating margin as a result of active portfolio management
Securitas Interim Report January-March 2025 5 Securitas Europe Higher operating margin as a result of active portfolio management Organic sales growth 4% (10) in Q1 Operating margin 5.7% (5.0) in Q1 14% • Organic sales growth was 8% • The margin improvement was mainly driven by: mainly driven by: 12
Slide 6: Securitas Ibero-America: Good growth in technology and solutions
Securitas Interim Report January-March 2025 6 Securitas Ibero-America Good growth in technology and solutions and strong margin development Organic sales growth 3% (6) in Q1 Operating margin 7.1% (6.7) in Q1 28% • Organic sales growth driven by 8% • The improvement was driven • good technology and b
Slide 7: Increasing share of technology and solutions and improving operating margins in all business segments
Securitas Interim Report January-March 2025 7 Increasing share of technology and solutions and improving operating margins in all business segments Real sales Client Organic sales growth T&S, T&S of total EBITA retention rate, growth, % % sales, % margin, % % Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 2025 2024
Slide 8: Financials
Securitas Financials Andreas Lindback, CFO Q1
Slide 9: Financial highlights
Securitas Interim Report January-March 2025 9 Financial highlights Real Q1 Q1 change, FY MSEK 2025 2024 % 2024 Sales 39 606 39 260 2 161 921 Organic sales growth, % 3 7 5 Operating income before amortization 2 525 2 357 9 11 200 Operating margin, % 6.4 6.0 6.9 Amort. of acquisition-related intangibl
Slide 10: Operating cash flow improved compared to last year
Securitas Interim Report January-March 2025 10 Operating cash flow improved compared to last year MSEK Q1 2025 Q1 2024 FY 2024 Operating income before amortization 2 525 2 357 11 200 Investments in non-current tangible and intangible assets -979 -1 071 -4 029 CAPEX approx. 2.5 % of Group sales going
Slide 11: Stable net debt/EBITDA ratio of 2.5x
Securitas Interim Report January-March 2025 11 Stable net debt/EBITDA ratio of 2.5x — Solid deleveraging to 2.9x (3.3) net debt to EBITDA ratio Net debt/EBITDA ratio MSEK Q1 2025 4.0 Net debt Jan 1, 2025 -37 923 Free cash flow -1 048 3.5 Acquisitions/Divestitures -223 3.0 Items affecting comparabili
Slide 12: Financing overview
Securitas Interim Report January-March 2025 1212 Financing overview — No financial covenants MSEK – No financial covenants 10 000 – Strong liquidity at end of the quarter: BSEK 5.5 7 500 – MEUR 1 029 RCF matures in 2027 and is fully undrawn – MEUR 300 sustainability-linked Eurobond issuance in Febru
Slide 13: Strategic update
Securitas Strategic update Q1
Slide 14: Clear roadmap to achieve 8% operating margin by the end of 2025
Securitas Interim Report January-March 2025 14 Clear roadmap to achieve 8% operating margin by the end of 2025 — High single-digit organic sales growth supported by significant Operating margin commercial synergies 8% 6.9% — Active portfolio management — Price — Labor productivity — Cost efficiency
Slide 15: Evaluation of our business mix
Securitas Interim Report January-March 2025 15 Evaluation of our business mix Securitas Critical Infrastructure Services (SCIS) – Assessment of strategic options expected to be concluded in 2025 – FY 2024 sales of approx. BSEK 9.3 with an operating margin substantially below the Group’s operating ma
Slide 16: A good start to the year
Securitas Interim Report January-March 2025 1616 A good start to the year – The operating margin improved to 6.4 percent (6.0) in the first quarter – Operating cash flow was 1 percent (-15) – Net debt to EBITDA ratio at 2.5 (2.9) – Committed to achieving our target of an 8 percent operating margin b
Slide 17: Securitas
Securitas
Slide 18: FX impact in the quarter
Securitas Interim Report January-March 2025 18 FX impact in the quarter Change MSEK Q1 2025 Q1 2024 Total, % Real*,% Sales 39 606 39 260 1 2 Operating income 2 525 2 357 7 9 EPS, SEK 2.29 1.84 25 29 EPS, SEK, before IAC 2.36 2.12 12 16 * Including acquisitions and adjusted FX FX SEK END-RATES Q1 202