Slide 1: Interim Report Q2/H1 2024
Securitas Interim Report Q2/H1 2024 Magnus Ahlqvist, President and CEO Andreas Lindback, CFO
Slide 2: Solid performance in all business segments
Securitas Interim Report January-June 2024 2 Solid performance in all business segments – Organic sales growth of 5 percent (11) in the second quarter – Technology and solutions had 8 percent real sales growth excluding Securitas Argentina – Operating margin reached 6.9 percent (6.6) in the second q
Slide 3: Two-year anniversary of the closing of the STANLEY Security acquisition
Securitas Interim Report January-June 2024 3 Two-year anniversary of the closing of the STANLEY Security acquisition ➢ #2 global market position in Technology ➢ Healthy Q2 organic sales growth of 8 percent in Technology ➢ > BSEK 1.25 high-margin recurring monthly revenue in our monitoring and mainte
Slide 4: Strong improvement in the security services business line
Securitas Interim Report January-June 2024 4 Strong improvement in the security services business line Real % of EBITA % of Group sales growth Group sales margin EBITA** – Good underlying performance within Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 security services in Europe Business line 2024 2023 2024 2023 2024 20
Slide 5: Securitas North America: Organic sales growth driven by the Technology business unit
Securitas Interim Report January-June 2024 5 Securitas North America Organic sales growth driven by the Technology business unit Organic sales growth Organic sales growth 2% (7) in Q2 9% — Driven by good installation sales momentum in Technology 7% — Organic sales growth in Guarding was hampered 5%
Slide 6: Securitas North America: The margin improvement was driven by the Technology business unit
Securitas Interim Report January-June 2024 6 Securitas North America The margin improvement was driven by the Technology business unit Operating margin Operating margin 9.2% (9.1) in Q2 10% — The development was driven by the Technology business unit including cost synergies and leverage from the sa
Slide 7: Securitas Europe: Organic sales growth mainly driven by technology and healthy price increases
Securitas Interim Report January-June 2024 7 Securitas Europe Organic sales growth mainly driven by technology and healthy price increases Organic sales growth Organic sales growth 8% (13) in Q2 14% — Organic sales growth was driven by good growth in technology and price increases including impacts
Slide 8: Securitas Europe: Strong operating margin improvement within security services
Securitas Interim Report January-June 2024 8 Securitas Europe Strong operating margin improvement within security services Operating margin Operating margin 6.4% (5.9) in Q2 8% — The improvement was driven by security services through active portfolio management and a positive 7% development within
Slide 9: Securitas Ibero-America: Strong growth numbers in Ibero-America
Securitas Interim Report January-June 2024 9 Securitas Ibero-America Strong growth numbers in Ibero-America Organic sales growth Organic sales growth 8% (24) in Q2 28% — Strong organic sales growth, where the comparative included the now divested Securitas Argentina 24% — Organic sales growth in Spa
Slide 10: Securitas Ibero-America: The improved operating margin was driven by both business lines
Securitas Interim Report January-June 2024 10 Securitas Ibero-America The improved operating margin was driven by both business lines Operating margin Operating margin 6.8% (5.9) in Q2 8% — Improved margins in security services as well as in technology and solutions due to active portfolio 7% manage
Slide 11: Financials
Securitas 11 Financials Andreas Lindback Chief Financial Officer
Slide 12: Financial highlights
Securitas Interim Report January-June 2024 12 Financial highlights Q2 Q2 H1 H1 FY MSEK 2024 2023 2024 2023 2023 Sales 40 638 39 909 79 898 77 660 157 249 Organic sales growth, % 5 11 6 11 9 Operating income before amortization 2 801 2 620 5 158 4 800 10 247 – IAC of MSEK -243 (-311) – whereof MSEK -
Slide 13: Items affecting comparability
Securitas Interim Report January-June January-March2024 2024 1313 Items affecting comparability Significant reduction of items affecting comparability in 2024 compared to 2023 Transformation programs – Europe and Ibero-America, announced in Q4 2020 • Total program (adjusted for Cloud computing): MSE
Slide 14: Limited impact from FX
Securitas Interim Report January-June 2024 14 Limited impact from FX Change FX SEK END-RATES MSEK Q2 2024 Q2 2023 Total, % Real*,% Q2 2024 Q2 2023 % Sales 40 638 39 909 2 3 USD 10.587 10.784 -1.82 Operating income 2 801 2 620 7 8 EUR 11.331 11.782 -3.83 EPS, SEK 2.28 2.05 11 14 EPS, SEK, before IAC
Slide 15: Improved operating cash flow
Securitas Interim Report January-June 2024 15 Improved operating cash flow MSEK Q2 2024 Q2 2023 H1 2024 H1 2023 FY 2023 Operating income before − Improved Q2 operating cash flow amortization 2 801 2 620 5 158 4 800 10 247 − Positive Easter timing impact Investments in non-current − Reduced organic s
Slide 16: Net debt to EBITDA ratio remaining below 3.0x financial target
Securitas Interim Report January-June 2024 16 Net debt to EBITDA ratio remaining below 3.0x financial target — Solid deleveraging to 2.9x (3.3) net debt to 3.5 EBITDA ratio MSEK 3.3 Net debt January 1, 2024 -37 530 3.0 3.1 2.9 2.9 Free cash flow -930 2.7 Acquisitions/Divestitures -154 2.5 Items affe
Slide 17: Financing overview
Securitas Interim Report January-June 2024 1717 Financing overview — No financial covenants MSEK – No financial covenants 10 000 – Strong liquidity at end of the quarter: BSEK 5.2 7 500 – MEUR 1 029 RCF matures in 2027 and is fully undrawn 5 000 – MUSD 135 Schuldschein refinanced with term loan – S&
Slide 18: Shaping the future Securitas
Securitas Interim Report January-June 2024 Shaping the future Securitas
Slide 19: We have established a unique position, with an unparalleled client offering
Securitas Interim Report January-June 2024 19 We have established a unique position, with an unparalleled client offering to solve increasingly complex security needs Providing solutions globally Unmatched client offering Technology and innovation Global presence based on extensive Bespoke offerings
Slide 20: Shaping Securitas for long-term, sustainable shareholder value
Securitas Interim Report January-June 2024 20 Shaping Securitas for long-term, sustainable shareholder value Operational value creation Capital allocation eased profitabili r ty Inc Resilient financial position Growth in technology and solutions <3x net debt to EBITDA Security services Investments i
Slide 21: Executing our strategy is driving performance
Securitas Interim Report January-June 202424 2121 Executing our strategy is driving performance – The operating margin improved to 6.9 percent (6.6) in the second quarter – Both business lines security services and technology and solutions improved the operating margin compared to last year – Price
Slide 22: The intelligent security solutions partner with world-leading technology and expertise
Securitas The intelligent security solutions partner with world-leading technology and expertise
Slide 23: Securitas
Securitas