Slide 1: Loomis Interim Report January – September 2011
Loomis Interim Report January – September 2011 President and CEO: Lars Blecko Stockholm November 8, 2011
Slide 2: Contents
Contents • Highlights Q3 2011 • Segments • Financial highlights • Going forward • Q&A 2
Slide 3: Highlights Q3 2011
Highlights Q3 2011 • Organic growth 1 percent (0) • Second consecutive quarter with organic growth • HSBC contract in the UK • Real revenue growth 9 percent (0) • Integration of Pendum continues • Operating margin 9.5 percent (9.8) • Acquisition-related costs, MSEK -5 • Net financial items significa
Slide 4: Statement of income
Highlights Statement of income Statement of income 2011 2010 2011 2010 MSEK Jul-Sep Jul-Sep Jan-Sep Jan-Sep Revenue 2,882 2,765 8,092 8,342 Real growth, % 9 0 6 -1 Organic growth, % 1 0 1 -1 Operating income (EBITA) 273 271 646 650 Operating margin, % 9.5 9.8 8.0 7.8 Amortization -6 -4 -15 -13 Acqui
Slide 5: Europe Q3 2011
Segments Europe Q3 2011 Revenue development • Organic growth 2 percent (1) 2 500 Quarters, MSEK Rolling 12, MSEK 10 000 2 000 8 000 • Positive organic growth in all markets, except Spain 1 500 6 000 • UK, multi-year contract with HSBC 1 000 4 000 500 2 000 • Sweden, 4 year contract with BAB 0 0 Q1 Q
Slide 6: USA Q3 2011
Segments USA Q3 2011 Revenue development Quarters, MUSD Rolling 12, MUSD 180 900 160 800 140 700 • Organic growth 0 percent (-3) 120 600 – Impact from increased fuel surcharges 100 500 80 400 2 percent 60 300 40 200 • Growth in CMS and SafePoint 20 100 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q
Slide 7: Operating margin development
Financial highlights Operating margin development 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2007 2008 2009 2010 2011 Quarters Rolling 12 7
Slide 8: New strategy
Financial highlights New strategy Market presence + Comprehensive solutions + Operational excellence = Growth Current markets Change of Mix Price Top line Branch Margin New markets Risk 8
Slide 9: Strategy and margin drivers
Financial highlights Strategy and margin drivers Strategy Activities Q3 margin impact Market presence Current markets • Integration of Pendum New markets • Acquisition in Czech • Acquistion in Turkey Comprehensive Change of mix • Increased sales of solutions Loomis SafePoints • CMS in US grew from 2
Slide 10: Strategy and margin drivers
Financial highlights Strategy and margin drivers Strategy Activities Q3 margin impact Operational Price • Price increases above excellence wage increases (%) Branch • Acquisition Branches burdening percentage Risk • New insurance program gives positive impact on earnings 10
Slide 11: Analysis of the Branches
Financial highlights Analysis of the Branches 100% 90% 23% 24% 30% 26% 30% 28% 26% 26% 80% 70% 60% 50% 40% 77% 76% 70% 74% 70% 72% 74% 74% 30% 20% 10% 0% Q3-08 Q3-09 Q3-10 Q3-11 YTD-08 YTD-09 YTD-10 YTD-11 Performing Non-performing 11
Slide 12: Cash flow key figures
Financial highlights Cash flow key figures Cash flow key figures 2011 2010 2011 2010 Jul-Sep Jul-Sep Jan-Sep Jan-Sep DSO 38 38 38 38 Investment / depreciation ratio 1.2 1.0 1.1 0.8 Operating cash conversion, % 102 95 72 114 12
Slide 13: Going forward
Going forward Market presence • Pendum integration continues • Turkey consolidated from July 1st • Evaluation of acquisition targets in both existing and new markets Comprehensive solutions • The acquisition of Pendum increases the CMS proportion • Signs of increase in CMS outsourcing, primarily in
Slide 14: Q&A
Q&A
Slide 15: Thank you for listening!
Thank you for listening! www.loomis.com