PSI Group ASA. 3 rd Quarter 2013 Presentation, October 25 th :15am. Jørgen Waaler, CEO

Transcription

1 PSI Group ASA 3 rd Quarter 2013 Presentation, October 25 th :15am Jørgen Waaler, CEO

2 PSI Group vision The leading global provider of closed and secure cash handling solutions where ever money moves & the leading local system integrator of retail technology in selected markets.

3 Agenda Highlights 3 rd quarter 2013 & YTD Group P/L, Group BS & Group CF Segment P/L & Segment market update Sales of InStore IT shares & acquisition of two digital label printing facilities Q & A

4 Highlights The InStore IT shares transactions completed in the 3 rd quarter and MNOK 48,9 received in cash. Cash flow from operating activities improved by MNOK 16,6 in the third quarter compared to the same period in YTD cash flow from operating activities was MNOK 31.3 (MNOK 0.1). PSI Group ASA has acquired Sydetikett AB for MSEK 40 MSEK 30 paid Operating revenues of MNOK 145 in the third quarter compared to MNOK 146 for the corresponding quarter last year. EBITDA was MNOK 10 in the third quarter compared to MNOK 17 for the corresponding quarter last year YTD operating revenues of MNOK 530 compared to MNOK 408 last year YTD EBITDA was MNOK 39 compared to MNOK 25 last year YTD EBT was MNOK 49,3 compared to MNOK 0,8 last year

5 Highlights Sales last five third quarters

6 Group financials P&L statement

7 YTD revenue breakdown 2013 YTD revenue per country 2013 YTD revenue per business area 2013

8 New products sales versus service revenues YTD 2013 YTD 2012

9 Group balance sheet - Total assets A/R down by MNOK 7,0 compared to Q2 Inventory up by MNOK 7,2 compared to Q2

10 Group balance sheet Total equity & liabilities Total net interest bearing debt MNOK 73,6 down from 91,2 end Q2 Disposable liquidity MNOK own shares, representing 1.5 per cent Involuntary buy back of shares in Q3

11 Financials Cash flow statement Working capital decreased by NOK 14,4 million during 3 rd quarter Working Capital increased with NOK 11,6 million since year start

12 Operations Business units

13 PSI Group business model PSI Group % 100 % 100 % Partners Partners End Users Bank/CIT/ATM Industry End Users Retail Industry Total workforce: 325

14 CashGuard Develops & markets the most reliable cash handling solutions for retailers. Continued significant levels of cash & cash transactions even in Norway & Sweden Retailers ROI: No overtime day-end counting Always correct change No stealing/pilfering Eliminate robberies Cash back & logistics Creating a world class point of sale experience by making cash payments competitive

15 CashGuard 3 rd quarter 2013 & YTD highlights 3 rd quarter 2013 & YTD Key Figures 8.3 % decrease in turnover 181 CashGuard systems delivered outside Scandinavia (91) YTD system delivered in Norway & Sweden (240) YTD PROYECTOS Y DESARROL LOS DE SEGURIDAD

16 KFC Meadow Point Soweto South Africa

17 Retail Solutions Driving store owner s profitability by increasing store employees efficiency In Store Retail Technology Solutions System integrator of leading Retail technologies Complex integration knowledge Significant recurring revenues Presence in Norway and Sweden Dominating position in both countries Independent supplier to retail stores Country-wide service organizations

18 Retail Solutions 3 rd quarter 2013 & YTD highlights 3 rd quarter 2013 & YTD Key Figures Revenue down 4.1 per cent to MNOK 106,5 EBITDA MNOK 11,7 191 CashGuard systems sold in Q313 compared to 240 in Q312 YTD revenue up MNOK 92,5 YTD EBITDA up MNOK 21,7

19 New notes & coins in Sweden CashGuard Classic systems will NOT work after October 2015 All new CashGuard systems sold in Sweden guaranteed new notes & coins compatibility

20 New notes & coins in Sweden

21 New notes & coins in Sweden

22 Sydetikett AB & Etikett produsenten AS

23 Labels is growing!

24 SQS Security Qube Systems Zero losses wherever money moves Providing proprietary closed cash handling solutions to ATM & CIT market segments Market leader most secure. advanced and most valuable products In-house final assembly Outsourced shield production successfully as of January 2013

25 SQS Security Croatian success Official launce June 11 th -12 th

26 SQS Security 3 rd quarter 2013 & YTD highlights 28,7 % increase in turnover year on year Quality issues in Russia close to be solved and controlled MNOK 2,4 non recurring costs due to management changes Q MNOK 5,9 warranty costs YTD rd quarter 2013 & YTD Key Figures

27 Top 50 shareholders per September 30 th 2013 Down from 3209 shareholders per 2 nd quarter

28 Questions?