Prosegur Compania De Seguridad Sa · BME:PSG
Prosegur Compania De Seguridad Sa — Grupo Prosegur — Q1 2009 Earnings Presentation
16 slides from Prosegur Compania De Seguridad Sa's earnings presentation, Apr 29, 2009
Slide 1: Grupo Prosegur – Results 1st Quarter 2009
Grupo Prosegur – Results 1st Quarter 2009 Madrid, 29th April 2009
Slide 2: Executive summary
Executive summary In Million Euros Total Growth Growth Profitability Sales Sales EBITA/ EBITA/EBIT EBIT +5.0% +7.5% 506.4 54.0 482.4 50.3 Margen 10.4% 10.7% 1Q 2008 1Q 2009 1Q 2008 1Q 2009 Strong growth trend, mainly due to the organic growth: High levels of profitability, achieving double-digit mar
Slide 3: Overview of Grupo Prosegur 1Q 2009 financial results
Overview of Grupo Prosegur 1Q 2009 financial results In Million Euros Profit and Loss Account 1Q 2008 1Q 2009 Var. Sales 482.4 506.4 +5.0% EBITDA 62.6 68.5 +9.5% % Margin 13.0% 13.5% Depreciation -12.3 -14.5 EBIT 50.3 54.0 +7.5% % Margin 10.4% 10.7% Financial Results -5.4 -7.1 Profit Before Taxes 44
Slide 4: Sales analysis
Sales analysis In Million Euros Profit and Loss Account Breakdown of sales growth 1Q 1Q2008 2008 1Q 2009 1Q 2009 Var. Var. Sales 482.4 506.4 +5.0% EBITDA 62.6 68.5 +9.5% Total Sales from acquisitions: % Margin 13.0% 13.5% • Valtis – France +5.0% • Giasa – Argentina Depreciati on -12.3 -14.5 506.4 •
Slide 5: Operating margin analysis
Operating margin analysis In Million Euros Profit and Loss Account 1Q 2008 1Q 2009 Var. Sales 482.4 506.4 +5.0% EBITDA 62.6 68.5 +9.5% Evolution of EBITA margin % Margin 13.0% 13.5% Depreciati on -12.3 -14.5 10.7% EBIT 50.3 54.0 +7.5% 10.4% 10.3% 10.2% 9.5% % Margin 10.4% 10.7% Financial R esults -5
Slide 6: Financial and fiscal results analysis
Financial and fiscal results analysis In Million Euros Profit and Loss Account Overview of Financial Results 1Q 2008 1Q 2009 Var. In the first quarter 2009, the Group's net financial expenses reached the amount of € 7.1 million. This implies an increase of € 1.7 million vs. 1Q2008. Sales 482.4 506.4
Slide 7: Investments and Net Banking Debt evolution
Investments and Net Banking Debt evolution In Million Euros Capex Capex Maintenance of a strong investment policy, w ith the 28.9 17.8 objective of searching for operational excellence and continuous innovation Note: The 1Q2008 Capex figure included € 12 % over sales 6.0% 3.5% million of extraordina
Slide 8: Breakdown of Grupo Prosegur results by business areas
Breakdown of Grupo Prosegur results by business areas In Million Euros Corporate Security Services Sales +4.2% 475.1 455.8 Total Grupo Prosegur +5.0% Sales EBIT 482.4 506.4 45.7 44.1 Margin 9.7% 9.6% EBIT +7.5% + 54.0 Residential Security Services 5 0.3 Sales +17.7% Margin 10.4% 10.7% 26.6 31.3 1Q 2
Slide 9: Corporate Security Services
Corporate Security Services 9
Slide 10: Breakdown of 1Q 2009 Corporate Security Services results by geography
Breakdown of 1Q 2009 Corporate Security Services results by geography In Million Euros Europe Sales +0.2% 284.1 283.4 Total 1Q 2009 Corporate Security Services EBIT Sales 15.5 15.9 +4.2% 455.8 475.1 Margin 5.5% 5.6% 1Q 2008 1Q 2009 + EBIT +3.6% LatAm 44.1 45.7 Sales +10.8% Margin 9.7% 9.6% 191.0 172
Slide 11: Corporate Security Services: Europe Revenues
Corporate Security Services: Europe Revenues Total sales. In Million Euros Total Growth Total Europe +0.2% 284.1 283.4 1Q 2008 1Q 2009 Romania -5.0% France 2.1 2.0 +10.0% 30.4 Note: Romania consolidates 27.6 at 50% Portugal +7.2% 33.7 31.5 Spain -1.9% 222.2 218.1 11
Slide 12: Corporate Security Services: Latin-American Revenues
Corporate Security Services: Latin-American Revenues Total sales. In Million Euros Total Growth Mexico Total LatAm +10.8% +342.5 % 191.0 3.9 172.4 0.9 Note: The growth is +411% without considering the exchange rates effect 1Q 2008 1Q 2009 Colombia Brazil +9.8% -3.8% 7.3 8.0 85.8 Note: The growth is
Slide 13: Highlights of the period
Highlights of the period • From a sales perspective, the first quarter of the year has been steady compared to the same period from last year. This is due to: – Slight deterioration of volumes in Spain, not significant in any of the particular businesses Europe Europe – Good performance in Portugal
Slide 14: Residential Security Services
Residential Security Services 14
Slide 15: Residential Security Services 1Q 2009 results analysis
Residential Security Services 1Q 2009 results analysis In Million Euros Total Growth Sales Sales +17.7% Highlights of the period 26.6 31.3 • Strong growth in Prosegur Activa’s business both in: • Connections and sales, including the positive effect EBIT EBIT from incorporating the Telemergencia busi
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