Slide 1: Loomis Year-end 2012 Presentation
Loomis Year-end 2012 Presentation President and CEO: Lars Blecko Stockholm, February 6, 2013
Slide 2: Contents
Contents • Highlights Q4 and 2012 • Segments • Financial highlights • Summary • Q&A 2
Slide 3: Highlights Q4 2012
Highlights Q4 2012 • Operating margin 10.9 percent (9.2) • Improved organic growth • Significant contract wins in Sweden • Overall solid performance with best margins ever reported for the Group as well as both segments • SEK 25 million non-recurring income in US • Strong operating cash flow • Well
Slide 4: Highlights 2012
Highlights 2012 • Operating margin 9.0 percent (8.3) • Real growth 3 percent (7) • Major contract wins in Sweden and France • Successful integration of Efectivox in Spain and Vigencia in Argentina • Pendum contributes strongly • Earnings per share SEK 8.90 (7.03) • Healthy operating cash conversion
Slide 5: Statement of income
Highlights Q4 2012 Statement of income Statement of income 2012 2011 2012 2011 SEK m Oct-Dec Oct-Dec Jan-Dec Jan-Dec Revenue 2,852 2,881 11,360 10,973 Real growth, % 2 8 3 7 Organic growth, % 0 2 0 1 Operating income (EBITA) 310 266 1,019 912 Operating margin, % 10.9 9.2 9.0 8.3 Amortization -7 -7 -
Slide 6: Statement of income
Highlights Q4 2012 Statement of income Statement of income 2012 2011 2012 2011 SEK m Oct-Dec Oct-Dec Jan-Dec Jan-Dec Revenue 2,852 2,881 11,360 10,973 Real growth, % 2 8 3 7 Organic growth, % 0 2 0 1 Operating income (EBITA) 310 266 1,019 912 Operating margin, % 10.9 9.2 9.0 8.3 Amortization -7 -7 -
Slide 7: Statement of income
Highlights Q4 2012 Statement of income Statement of income 2012 2011 2012 2011 SEK m Oct-Dec Oct-Dec Jan-Dec Jan-Dec Revenue 2,852 2,881 11,360 10,973 Real growth, % 2 8 3 7 Organic growth, % 0 2 0 1 Operating income (EBITA) 310 266 1,019 912 Operating margin, % 10.9 9.2 9.0 8.3 Amortization -7 -7 -
Slide 8: Statement of income
Highlights Q4 2012 Statement of income Statement of income 2012 2011 2012 2011 SEK m Oct-Dec Oct-Dec Jan-Dec Jan-Dec Revenue 2,852 2,881 11,360 10,973 Real growth, % 2 8 3 7 Organic growth, % 0 2 0 1 Operating income (EBITA) 310 266 1,019 912 Operating margin, % 10.9 9.2 9.0 8.3 Amortization -7 -7 -
Slide 9: Statement of income
Highlights Q4 2012 Statement of income Statement of income 2012 2011 2012 2011 SEK m Oct-Dec Oct-Dec Jan-Dec Jan-Dec Revenue 2,852 2,881 11,360 10,973 Real growth, % 2 8 3 7 Organic growth, % 0 2 0 1 Operating income (EBITA) 310 266 1,019 912 Operating margin, % 10.9 9.2 9.0 8.3 Amortization -7 -7 -
Slide 10: Europe Q4 2012
Segments Europe Q4 2012 Revenue development • Operating margin 12.4 percent (11.5) • Organic growth 0 percent (3) • Stable market situation in most countries • Major contract win in Sweden Operating margin development • Start-up of new contracts in France and Sweden • Synergy effects from Efectivox
Slide 11: USA Q4 2012
Segments USA Q4 2012 Revenue development • Operating margin 11.5 percent (8.1) • SEK 25 million non-recurring income • Organic growth 0 percent (1) • Impact from fuel surcharges insignificant Operating margin development • Positive organic growth excluding the initial lost Pendum volumes • Continued
Slide 12: USA Q4 2012 - Revenue development by service line
Segments USA Q4 2012 Revenue development by service line 12
Slide 13: Operating margin development
Financial highlights Operating margin development 13
Slide 14: Operating margin development
Financial highlights Operating margin development 14
Slide 15: The strategy
Financial highlights The strategy Market presence + Comprehensive solutions + Operational excellence = Growth Current markets Change of Mix Price Top line Branch Margin New markets Risk 15
Slide 16: Strategy and margin drivers
Financial highlights Strategy and margin drivers Strategy Activities Q4 margin impact Market presence Existing markets • Recent acquisitions are fully integrated New markets • Acquisitions in Turkey and Argentina Comprehensive Change of mix • Continued success of solutions Loomis SafePoint® • CMS gr
Slide 17: Strategy and margin drivers
Financial highlights Strategy and margin drivers Strategy Activities Q4 margin impact Operational Price • Price increases % above excellence wage increases % Branch • Increased number of performing branches Risk • Continued improvement in cost of risk 17
Slide 18: Analysis of the Branches
Financial highlights Analysis of the Branches 18
Slide 19: Strategy and margin drivers
Financial highlights Strategy and margin drivers Strategy Activities Q4 margin impact Operational Price • Price increases % above excellence wage increases % Branch • Increased number of performing branches Risk • Continued improvement in cost of risk 19
Slide 20: Cash flow key figures
Financial highlights Cash flow key figures Cash flow key figures 2012 2011 2012 2011 Oct-Dec Oct-Dec Jan-Dec Jan-Dec DSO 37 37 37 37 Investment / depreciation ratio 1.2 1.9 1.0 1.3 Operating cash flow / EBITA 101% 88% 84% 77% 20
Slide 21: Well on our way towards financial goals
Summary Well on our way towards financial goals % 12 Operating 8 Annual operating margin (EBITA) 10% 8,0 8,3 9,0 4 6,6 7,0 margin by latest 2014 0 2008 2009 2010 2011 2012 % 150 100 Cash flow Operating Cash flow / EBITA > 85% 50 94 106 77 84 59 0 2008 2009 2010 2011 2012 2,0 1,5 Net Debt / Net Debt
Slide 22: Q&A
Q&A
Slide 23: Thank you for listening!
Thank you for listening! www.loomis.com