Slide 1: Q1 2016
Q1 - 2016 CEO: Lars Blecko Stockholm, May 3, 2016
Slide 2: Contents
Contents Highlights Q1 2016 Segments Financials Q&A 2
Slide 3: Highlights Q1 2016
Highlights Q1 2016 Organic growth 5 percent (2) - US organic growth 14 percent - Continued positive development in Spain, Turkey and Argentina Operating margin 9.3 percent (9.0) - Increased revenue share from CMS and SafePoint in the US - Efficiency work continues EPS increased by 16 percent t
Slide 4: Operating margin development
Highlights Operating margin development 12,0% 10,6% 10,2% 9,7% 10,0% 9,1% 8,4% 9,3% 8,2% 9,0% 8,0% 7,2% 8,4% 8,0% 7,5% 7,1% 6,0% 6,5% 4,0% 2,0% 0,0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2010 2011 2012 2013 2014 2015 2016 Quarters Rolling 12 4
Slide 5: Operating margin development
Highlights Operating margin development 12% 10% 9,3% 9,0% 8% 8,4% 8,0% 7,5% 7,1% 6% 6,5% 4% 2% 0% 10 11 12 13 14 15 16 10 11 12 13 14 15 10 11 12 13 14 15 10 11 12 13 14 15 Q1 Q2 Q3 Q4 5
Slide 6: Analysis of the Branches
Highlights Analysis of the Branches 100% 90% 21% 21% 16% 29% 28% 27% 26% 25% 32% 80% 70% 60% 50% 40% 79% 79% 84% 71% 72% 73% 74% 75% 68% 30% 20% 10% 0% 2008 2009 2010 2011 2012 2013 2014 2015 2016 QUARTER 1 Performing Non-performing 6
Slide 7: Europe Q1 2016
Segments Europe Q1 2016 Revenue development Organic growth 1 percent (0) ‒ Positive growth in Spain, Turkey and Argentina ‒ Partly offset by slight decline in the Nordic countries Real growth 3 percent (6) ‒ Acquisition of Cardtronic’s retail cash handling operations in the UK – July 2015 Operat
Slide 8: USA Q1 2016
Segments USA Q1 2016 Organic growth 14 percent (4) Revenue development ‒ Major CMS roll-outs completed during 2015 ‒ SafePoint revenue increased more than 23 percent ‒ Increased CIT market share through new contracts ‒ Organic growth adjusted for fuel fees was 15 percent Real growth 16 percent (
Slide 9: SafePoint as of March 31, 2016
Segments SafePoint as of March 31, 2016 15,937 Safes installed (1,311 in Q1) Close to 2,000 customers More than 160 provisional credit banks 9
Slide 10: SafePoint installations per quarter
Segments SafePoint installations per quarter Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2010 2011 2012 2013 2014 2015 2016 10
Slide 11: USA Q1 2016
Segments USA Q1 2016 Revenue development by line of business 100% 80% 71% 67% 77% 74% 73% 60% 82% 80% 78% 83% 40% 20% 29% 33% 23% 26% 27% 18% 20% 22% 17% 0% Q1 8 Q1 9 Q1 10 Q1 11 Q1 12 Q1 13 Q1 14 Q1 15 Q1 16 CMS CIT 11
Slide 12: Baltimore – a challenge and an opportunity
Segments Baltimore – a challenge and an opportunity Pre roll-out Preparation Roll-out Fine tuning Post roll-out March 12
Slide 13: Rochester – still some fine tuning to be done
Segments Rochester – still some fine tuning to be done Pre roll-out Preparation Roll-out Fine tuning Post roll-out March 13
Slide 14: International Services Q1 2016
Segments International Services Q1 2016 Organic growth negative 9 percent (n/a) ‒ Decline in transportation of precious metals continued into Q1 ‒ Less gold deliveries to India due to strikes among jewelers and gold traders ‒ Few new art exhibitions Operating margin of 5.1 percent (6.0) ‒ Margin
Slide 15: Statement of income
Financials Statement of income Statement of income 2016 2015 2016 SEK m Jan-Mar Jan-Mar Rolling 12 Revenue 4,032 3,842 16,287 Real growth, % 7 17 5 Organic growth, % 5 2 3 Operating income (EBITA) 376 345 1,734 Operating margin, % 9.3 9.0 10.6 Amortization -16 -14 -63 Acquisition related costs -5 -2
Slide 16: Financial targets
Financial targets Targets Priorities • CMS in USA SEK 17 bn by 2017 • SafePoint in USA Revenue • International Services • M&A • Fewer underperforming ”branches” • Business mix ”less CIT more CMS and LI” Ebita Margin 10-12% • Benchmarking/Best Practice through the Loomis Model Max 3.0 (net debt/ebitd
Slide 17: Managing cash in society.
17 N Managing cash in society. BGO