PSI Group ASA 3 rd Quarter 2013 Presentation, October 25 th 2013 8:15am Jørgen Waaler, CEO
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.
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
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 2012. 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
Highlights Sales last five third quarters
Group financials P&L statement
YTD revenue breakdown 2013 YTD revenue per country 2013 YTD revenue per business area 2013
New products sales versus service revenues YTD 2013 YTD 2012
Group balance sheet - Total assets A/R down by MNOK 7,0 compared to Q2 Inventory up by MNOK 7,2 compared to Q2
Group balance sheet Total equity & liabilities Total net interest bearing debt MNOK 73,6 down from 91,2 end Q2 Disposable liquidity MNOK 38 660 253 own shares, representing 1.5 per cent Involuntary buy back of 71 141 shares in Q3
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
Operations Business units
PSI Group business model PSI Group 3 100 % 100 % 100 % 76 37 Partners 78 131 Partners End Users Bank/CIT/ATM Industry End Users Retail Industry Total workforce: 325
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
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 577 191 system delivered in Norway & Sweden (240) YTD 807 31 3 3 PROYECTOS Y DESARROL LOS DE SEGURIDAD
KFC Meadow Point Soweto South Africa
Retail Solutions Driving store owner s profitability by increasing store employees efficiency 78 131 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
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
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
New notes & coins in Sweden
New notes & coins in Sweden
Sydetikett AB & Etikett produsenten AS
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Top 50 shareholders per September 30 th 2013 Down from 3209 shareholders per 2 nd quarter
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