Slide 1: Loomis Interim Report January – March 2012
Loomis Interim Report January – March 2012 President and CEO: Lars Blecko Stockholm May 9, 2012
Slide 2: Contents
Contents • Highlights Q1 2012 • Segments • Financial highlights • Going forward • Q&A 2
Slide 3: Highlights Q1 2012
Highlights Q1 2012 • Organic growth 3 percent (0) • Improved market, cash in circulation • Real revenue growth 9 percent (1) • Operating margin 7.5 percent (7.1) • Positive result impact from Pendum • Non-recurring costs to prevent future over-capacity • Significant EPS growth SEK 1.82 (1.41) • Stra
Slide 4: Statement of income
Highlights Statement of income Statement of income 2012 2011 2010 MSEK Jan-Mar Jan-Mar Jan-Mar Revenue 2,822 2,526 2,771 Real growth, % 9 1 -3 Organic growth, % 3 0 -3 Operating income (EBITA) 212 179 181 Operating margin, % 7.5 7.1 6.5 Amortization -6 -4 -4 Acquisition related costs -5 -7 - Net fin
Slide 5: Europe Q1 2012
Segments Europe Q1 2012 Revenue development Quarters, MSEK Rolling 12, MSEK 2 500 10 000 • Organic growth 3 percent (0) 2 000 8 000 1 500 6 000 • Positive organic growth in majority of markets 1 000 4 000 • Continued negative impact from the ongoing 500 2 000 structural changes in the Spanish bankin
Slide 6: USA Q1 2012
Segments USA Q1 2012 Revenue development • Organic growth 3 percent (-1) Quarters, MUSD Rolling 12, MUSD 180 900 – Impact from increased fuel surcharges 160 800 1 percent 140 700 120 600 100 500 • Slightly improved market conditions 80 400 60 300 40 200 • Real revenue growth 18 percent (1) 20 100 0
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 2009 2010 2011 2012 Quarters Rolling 12 7
Slide 8: The strategy
Financial highlights The 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 Q1 margin impact Market presence Current markets • Integration of Pendum New markets • Acquisition in Czech • Acquistion in Turkey Comprehensive Change of mix • Continued success of solutions Loomis SafePoint • CMS growth in US 9
Slide 10: Strategy and margin drivers
Financial highlights Strategy and margin drivers Strategy Activities Q1 margin impact Operational Price • Price increases above excellence wage increases (%) Branch • Increase in number of performing Branches Risk • Lower than prior years 10
Slide 11: Analysis of the Branches
Financial highlights Analysis of the Branches 100% 90% 29% 28% 27% 26% 32% 80% 70% 60% 50% 40% 71% 72% 73% 74% 68% 30% 20% 10% 0% Q1-08 Q1-09 Q1-10 Q1-11 Q1-12 Performing Non-performing 11
Slide 12: Cash flow key figures
Financial highlights Cash flow key figures Cash flow key figures 2012 2011 2010 Jan-Mar Jan-Mar Jan-Mar DSO 39 39 40 Investment / depreciation ratio 0.9 0.7 0.7 Operating cash conversion, % 27 43 88 12
Slide 13: Going forward
Going forward Market presence • Pendum integration continues to provide positive margin impact • Oregon Armored Service optimization • Integration of Efectivox in Spain • Vigencia in Argentina creates a base for future expansion • Evaluation of acquisition targets in both existing and new markets Co
Slide 14: Creating value
Going forward Creating value Growing Growing market market Strong Strong cash cash flow flow Turnaround Turnaround with with with with strong strong and and attractive attractive potential potential positions positions dividend dividend >5% growth 3.0 percentage 39–53% 2011 points increased dividend
Slide 15: Q&A
Q&A
Slide 16: Thank you for listening!
Thank you for listening! www.loomis.com