"The Bank for International Settlements certifies the return of the demand
for cash to post-pandemic levels ."
Source: EuropaPress
"The Eurozone core inflation hits a new all-time high of 5.7%."
Source: Euronews
"Sustained growth in cash withdrawals continues according to Bank of Spain data."
Source: Banco de España
"The U.S. Federal Deposit Insurance Corporation (FDIC), reports there are 24.6 million unbanked or underbanked households."
0. Cash in the world Miguel Bandrés - IRO
Cash withdrawal transactions at ATMs in Spain
681,182
652,850
624,664
102,198€ 111,131€ 119,799€
202020212022
Source: Banco de España
Amount withdrawn (€ MM)
Number of withdrawals (k operations)
2
Highlights of the period: Continued activity improvement and growing contribution of New Products
1. Highlights of the period Javier Hergueta - CFO
Sales
EBITA Margin
NNPP
FCF
+16.2%
12.5%
28.1% /sales
8M €
▪
Solid volume
▪
EBITA growth
▪
Absolute and
▪ Cash generation
growth.
+9.2%.
relative
affected by
performance
c.10M €
▪
c.30% organic
▪
Affected by the
improvement in
extraordinary
growth with
Forex business
all geographies.
advance
strong double-
seasonality.
payments due
digit
▪
Significant
to regulatory
performance
increase in sales
changes.
across all
of the leading
regions.
solutions: Cash
Today, Corban
and Forex.
ESG
Emission Offset Plan Renewal.
ESG goals assigned to management team.
3
Profit and Loss Account(1)
Million Euros
Q1 2022
Q1 2023
VAR %
Sales
411
477
16.2%
EBITDA
79
85
7.2%
Margin
19.3%
17.8%
Depreciation
(25)
(25)
EBITA
55
60
9.2%
Margin
13.3%
12.5%
Amortization of intangibles
(5)
(6)
EBIT
49
53
8.4%
Margin
12.0%
11.2%
Financial result
(16)
(24)
EBT
34
29
(13.5%)
Margin
8.2%
6.1%
Taxes
(16)
(15)
Tax rate
47.4%
51.5%
Net Profit
18
14
(20.2%)
Margin
4.3%
3.0%
2. Profit and Loss Account
Javier Hergueta - CFO
Total sales (1) (M€, %)
+16.2%
5.1%
411
29.7%
(18.6%)
477
Q1 2022
Org.
Inorg.
FX
Q1 2023
EBITA evolution (M€, %)
+9.2%
55
60
-80b.p.
13.3%
12.5%
Q1 2022
Q1 2023
(1) Figures according to IFRS 21 & 29 (hyperinflation accounting) and IFRS 16 (leases).
4
Transformation: Delivering on our New Products growth strategy
New Products (M€) (1)
3. Transformation Javier Hergueta - CFO
+41%
134
95
Q1 2022
Q1 2023
23.1%
28.1%
% Penetration over sales
New Products sales increase +41.3% while their penetration improved +500 b.p.
Major contribution of all key solutions, Cash Today, Corban and Forex.
Growing contribution of New Products in all regions.
(1) 2022-2023 figures reported as per IAS 21 & 29 (hyperinflation accounting).
5
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Disclaimer
Prosegur Cash SA published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 08:26:10 UTC.
Prosegur Cash SA, formerly Prosegur Cit Holding SA, is a Spain-based company engaged in the provision of security services. The Companyâs activities are divided into three business areas: Logistics, Cash management and Outsourcing. The Logistics division focuses on the provision of local and international transport services of cash and other valuable goods. The Cash management division offers counting, processing, custody, preparation and delivery of notes and coins, as well as replenishment of automatic teller machines (ATMs). The Outsourcing division includes a number of support financial services, such as automation of retail operations through self-service cash automatization machines (MAEs), ATMs management, as well as branch forecasting, reconciliation, settlement and credit card support services. The Company operates through own branches and joint ventures in Europe, Central and South America, Africa, Asia and Australia. It operates through Contesta Teleservicios SAU.
PROSEGUR CASH, S.A. 
