Slide 1: Loomis Year-end 2014 Presentation
Loomis Year-end 2014 Presentation President and CEO: Jarl Dahlfors Stockholm, February 4, 2015
Slide 2: Contents
Contents • Highlights full year 2014 • Highlights Q4 2014 • Segments • Financials • Q&A 2
Slide 3: Highlights full year 2014
Highlights full year 2014 • 6 consecutive years of margin improvements • EBITA margin target of at least 10% accomplished • 85 percent of branches performing • Earnings per share increased by 24 percent to SEK 12.10 • Operating cash conversion of 85 percent and net debt / EBITDA gearing of 1.88 • Pr
Slide 4: Highlights Q4 2014
Highlights Q4 2014 • Real growth 18 percent (3) • Mainly the acquisition of VIA MAT • Organic growth 2 percent (3) • Mainly driven by new CMS contracts in US, Loomis SafePoint sales and partly due to the Tesco contract in UK • Operating margin 10.5 percent (10.1) • Continued efficiency work at the b
Slide 5: Operating margin development
Highlights Operating margin development 5
Slide 6: Analysis of the Branches
Highlights Analysis of the Branches 6
Slide 7: Europe Q4 2014
Segments Europe Q4 2014 Revenue development • Real growth 6 percent (3) • Acquisition of VIA MAT (“Swiss cash handling”) • Tesco contract increased revenue • Organic growth 0 percent (3) • Operating margin 13.1 percent (12.0) Operating margin development • Efficiency improvements in most countries •
Slide 8: USA Q4 2014
Segments USA Q4 2014 Revenue development • Real and organic growth 6 percent (2) • CMS continue to grow • Loomis SafePoint® • Approximately 3,000 units sold during 2014 and 13,000 in total • Operating margin 9.8 percent (9.8) • Increased number of performing branches Operating margin development • I
Slide 9: USA Q4 2014 Revenue development by line of business
Segments USA Q4 2014 Revenue development by line of business 9
Slide 10: Loomis International Services Q4 2014
Segments Loomis International Services Q4 2014 • Revenue SEK 364m • Higher activities in notes and precious metals markets. • Operating margin of 9.5 percent • Integration into Loomis network progressing according to plan 10
Slide 11: Statement of income
Financials Statement of income Statement of income 2014 2013 2014 2013 SEK m Oct-Dec Oct-Dec Jan-Dec Jan-Dec Revenue 3,714 2,928 13,510 11,364 Real growth, % 18 3 14 2 Organic growth, % 2 3 3 2 Operating income (EBITA) 389 295 1,370 1,099 Operating margin, % 10.5 10.1 10.1 9.7 Amortization -13 -7 -4
Slide 12: New financial targets 2015-2017
New financial targets 2015-2017 New target Priorities • CMS in USA SEK 17 bn by 2017 • Loomis SafePoint in USA Revenue • Loomis International Services (LIS) • M&A • Fewer underperforming ”branches” Ebita Margin 10-12% • Business mix ”less CIT more CMS and LIS” • Benchmarking and best practice throug
Slide 13: Q&A
Q&A