Slide 1: Q4 - 2016
Q4 - 2016 President & CEO Patrik Andersson Stockholm February 1, 2017
Slide 2: Content
Content • Highlights Q4 2016 • Segments • Financials • Q&A 2
Slide 3: Highlights Q4 2016
Highlights Q4 2016 • Organic growth 4 percent (3) - Strong growth in the US - Continued positive development in Spain, Turkey and Argentina • Operating margin 12.3 percent (11.6) - Margin improvement in all segments - Branch efficiency continues to improve - Increased CMS and SafePoint volumes in th
Slide 4: Branch performance
Highlights Branch performance 4
Slide 5: Operating margin development
Highlights Operating margin development Rolling 12 months operating margin as per end of Q4 5
Slide 6: Operating margin development
Highlights Operating margin development Q4 operating margin development 6
Slide 7: USA Q4 2016
Segments USA Q4 2016 Revenue development • Organic growth 8 percent (10) ‒ Growth in all business lines ‒ Increased volumes and market share ‒ SafePoint revenue growth of 21% • Operating margin 12.1 percent (11.7) ‒ Economies of scale due to increased Operating margin development volumes in CMS and
Slide 8: SafePoint in the USA as of year-end 2016
Segments SafePoint in the USA as of year-end 2016 • 19,020 SafePoints installed ‒ 520 installed in Q4 ‒ 4,394 installed during 2016 • More than 2,200 customers • More than 170 provisional credit banks 8
Slide 9: USA Q4 2016: Revenue development by line of business
Segments USA Q4 2016 Revenue development by line of business 100% 80% 72% 71% 68% 68% 78% 78% 74% 60% 82% 81% 40% 20% 28% 29% 32% 32% 22% 22% 26% 18% 19% 0% Q4 8 Q4 9 Q4 10 Q4 11 Q4 12 Q4 13 Q4 14 Q4 15 Q4 16 CMS CIT 9
Slide 10: Europe Q4 2016
Segments Europe Q4 2016 Revenue development • Organic growth 0 percent (1) ‒ Growth driven by Spain, Turkey and Argentina ‒ Growth offset by a slight decline in the Nordic countries ‒ UK volumes have stabilized ‒ Market potential for SafePoint ~ 200.000 units Operating margin development • Operating
Slide 11: International Q4 2016
Segments International Q4 2016 • Organic growth 6 percent (-12) ‒ Increased demand for transportation of bank notes ‒ Still low demand for gold deliveries to India but increasing volumes vs previous quarters • Operating margin of 8.1 percent (6.8) ‒ Higher profitability in remaining core business 11
Slide 12: Statement of income
Financials Statement of income Statement of income 2016 2015 2016 2015 SEK m Oct-Dec Oct-Dec Jan-Dec Jan-Dec Revenue 4,421 4,144 16,800 16,097 Real growth, % 4 5 5 7 Organic growth, % 4 3 5 2 Operating income (EBITA) 543 479 1,890 1,703 Operating margin, % 12.3 11.6 11.2 10.6 Amortization -15 -16 -6
Slide 13: Financial targets
Financials Financial targets Targets Outcome SEK bn 19 17 Revenue SEK 17 bn by 2017 15 13 16,1 16,8 11 13,5 11,4 9 2013 2014 2015 2016 % 14 12 Ebita Margin 10-12% 10 11,2 10,1 10,6 8 9,7 6 2013 2014 2015 2016 3 2 Debt gearing Max 3.0 (net debt/ebitda) 1 1,1 1,9 1,6 1,3 0 2013 2014 2015 2016 SEK DPS
Slide 14: Capital Markets Day
Financials Capital Markets Day • Updated strategy and financial targets • September 28, 2017 • London 14
Slide 15: Managing cash in society.
15 N Managing cash in society. BGO