First quarter

2024

Aritz Larrea

President & CEO

May 7, 2024

At the centre of the payment ecosystem

2

Overview of market trends

Continued strong demand for cash handling automation solutions. CIMA performs well with positive sales synergies.

Current macro environment and gold pricing continue to impact the International and FX business negatively.

Cash remains relevant amid economic uncertainty according to the Global Payments Report 2024.

More discussions with stakeholders about our sustainability initiatives.

We progressing with the preparation for the upcoming CSRD.

Q1 Highlights

Strong US performance and actions in Europe underway

7,253

Revenue

(SEKm)

  • Positively supported by the organic growth and acquisition of
    CIMA
  • Cyclical decline in the International business
  • Negative impact from changes in currency rates, mainly from emerging markets in Turkey and Latin America

6.3%

Organic growth

  • A solid organic growth for all segments, positively impact from pricing and emerging markets
  • Strong performance within Automated Solutions - recurring revenue growth and successful integration of CIMA

10.4%

Operating

margin

  • Volume growth and strong execution of improving operational efficiencies in the US
  • Impact from macro environment
  • Challenges in specific areas affects Europe and Latin America negatively

53%

Operating cash

flow of EBITA

  • Impacted by a temporary cash stock build-up at quarter end of approx. 190 MSEK.
  • Cash flow conversion amounts to a strong 89 percent on a rolling twelve months basis

Recent events

  • Acquisition of Hosteltáctil
  • 643,592 shares repurchased in the quarter.
  • Decision to continue to repurchase shares
  • Inaugural investment grade credit rating of BBB from S&P

Segments

Europe and Latin America

  • Organic growth of 6.3%, mainly driven by price increases and emerging markets e.g. Latin America and Turkey
  • Annual price negotiations ongoing
  • Strong performance within Automated Solutions with the integration of CIMA
  • Restructuring plans underway but more to execute

Revenue per business line,

% of revenue per business line, Q1 2024

Revenue and margin development

Revenue (SEK m) and operating margin (EBITA %), Q1 2022 to Q1 2024

4 500

16.0%

4 000

14.0%

3 500

12.0%

3 000

10.0%

2 500

8.0%

2 000

6.0%

1 500

4.0%

1 000

2.0%

500

-

0.0%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

2022

2023

2024

Revenue (SEK m)

Operating margin (EBITA), %

Revenue bridge

Growth per business line (SEK m), Q1 2024 vs Q1 2023

CIT

CMS

International

ATM

Automated

Solutions

Segments

USA

  • Record revenue and EBITA in local currency
  • Solid organic growth of 5.8%, driven by both higher volumes and price increases
  • Improvement in operating margin (EBITA)
  • Double-digitgrowth for Automated Solutions

Revenue per business line,

% of revenue per business line, Q1 2024

Revenue and margin development

Revenue (SEK m) and operating margin (EBITA %), Q1 2022 to Q1 2024

4 500

16.0%

4 000

14.0%

3 500

12.0%

3 000

10.0%

2 500

8.0%

2 000

6.0%

1 500

4.0%

1 000

2.0%

500

-

0.0%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

2022

2023

2024

Revenue (SEK m)

Operating margin (EBITA), %

Revenue bridge

Growth per business line (SEK m), Q1 2024 vs Q1 2023

CIT

CMS

International

ATM

Automated

Solutions

Segments

Loomis Pay

  • Revenue reached SEK 16 million (7) with an organic growth of 126%.
  • Transaction volumes of SEK 1.3 billion
  • Growth in all three markets
  • Acquisition of Hosteltáctil completed in the quarter

Revenue (SEKm)

20

18

16

14

12

10

8

6

4

2

-

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

2022

2023

2024

Transaction volumes (SEKm)

1 600

1 400

1 200

1 000

800

600

400

200

-

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

2022

2023

2024

Loomis Group

Sustainability

• Loomis has an important role in ensuring

efficient and sustainable payment flows in

society

• Sustainability metrics trending ahead of our set

targets for 2024

• Proactive measures for the safety of employees

• Innovative solutions for the vehicle fleet

• Reducing our climate impact despite volume

growth

Scope 1 & 2 emissions and revenues

tCO2e and SEK m

45 000

8 000

40 000

7 000

35 000

6 000

30 000

5 000

25 000

4 000

20 000

3 000

15 000

2 000

10 000

1 000

5 000

0

0

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

2022

2023

2024

Scope 1 (tCO2e)

Scope 2 (tCO2e)

Revenue (SEK m)

Lost time injury frequency rate (LTIFR)

Injuries resulting in lost workdays per million worked hours

16

14

12

10

8

6

4

2

0

Q1 Q2 Q3 Q4

2022

Q1 Q2 Q3 Q4

2023

Q1

2024

Loomis Group

Income statement

1 Revenue growth

Strong revenue growth across all three segments from both organic growth and the CIMA acquisition

2 Items affecting comparability Related to the communicated restructuring in segment Europe

3 Net financial items

Impact from higher interest rates and monetary loss from hyperinflationary economies

1

2

3

SEK m

Revenue

Real growth, %

Organic growth, %

Gross income

Selling and administration expenses

Other income and expenses

Items affecting comparability

Operating income (EBIT)

Operating margin, (EBIT) %

Net financial items and monetary loss

Income before taxes (EBT)

Income taxes

Net income for the period

Net margin, %

Earnings per share, before dilution (SEK)

Operating income (EBITA)

Operating margin, (EBITA)%

2024

Q1

  1. 253
    9.2%
    6.3%
  1. 942

-1 230 -2-15

695

9.6% -188

507

-148

359

4.9%

5.06

754

10.4%

2023

2024

2023

Q1

Rolling 12

Full year

6 812

29 148

28 707

12.1%

8.5%

9.0%

11.7%

6.6%

7.8%

1 806

7 429

7 293

-1 123

-4 475

-4 369

-15

-23

-36

-12

-132

-128

656

2 799

2 759

9.6%

9.6%

9.6%

-113

-687

-664

543

2 112

2 148

-140

-662

-654

403

1 450

1 495

5.9%

5.0%

5.2%

5.64

20.42

21.00

717

2 772

3 077

10.5%

10.7%

10.7%

In Summary

Solid organic

growth

Strong balance sheet

with capacity for

strategic M&A

Operational efficiency improvements - more to be done

Return to shareholders through dividend and share repurchases

Loomis Pay continues

Strong Cash flow,

to grow

Rolling 12 months

More sustainable

Ensuring employee

vehicles and optimized

safety is a key priority

routes

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Disclaimer

Loomis AB published this content on 07 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2024 13:49:10 UTC.