PSI Group ASA. 3 rd quarter 2012 Presentation, October 26 th :15am. Jørgen Waaler, CEO

Transcription

1 PSI Group ASA 3 rd quarter 2012 Presentation, October 26 th :15am Jørgen Waaler, CEO

2 Business Vision The leading global provider of closed and secure cash handling solutions where ever money moves & the leading local provider of retail technology in selected markets.

3 Cash is KING

4 Agenda Highlights 3 rd quarter 2012 Group P/L, Group BS & Group CF Segment P/L & Segment market update

5 Highlights The progress from Q2 continues in Q3 with significant growth in turnover and EBITDA Key figures Q3 2012: Operating revenues of NOK million, up 25% from NOK 116,8 million in Q311 EBITDA of NOK 17,1 million, up 90% from NOK 9.0 million in Q311 Negative cash flow from operations of NOK 8,3 million SQS has delivered 100 CIT cases to Russia in Q3 800 YTD. Overall cases. Deliveries are expected to continue in Q4. SQS has signed a service agreement with Bankomat AB valued at MSEK 17 per year in 5 years. Continued challenging international market for CashGuard. The new Presidio solution is expected to be a new driving force in most of CashGuard markets. 100 Rema1000 stores installed with Pricer solutions since mid August. We expect 200 stores installed by year end and the remaining 300+ stores during H1 2013

6 Highlights

7 Group financials P&L statement Operating income up 25,3 % Gross margin stable at 50 per cent YTD operating income close to 2011

8 YTD revenue breakdown 2012 YTD revenue per country 2012 YTD revenue per business area 2012

9 New products sales versus service revenues YTD 2012 YTD Year 2011

10 Group balance sheet - Total assets A/R up by NOK 41,8 million compared to Q2 2012

11 Group balance sheet Total equity & liabilities Net interest bearing debt increased by NOK 17,8 million compared to Q Total net interest bearing debt NOK million end Q Disposable liquidity NOK 23.2 million 671,761 own shares, representing 1.5 per cent

12 Financials Cash flow statement Increase in Working capital by NOK 18.2 million during 3 rd quarter

13 Operations Business units

14 PSI Group business model 3 PSI Group 100 % 100 % CM ATM/CIT 100 % CM Retail Partners 77 Retail Solutions 106 Partners End Users Bank/CIT/ATM Industry End Users Retail Industry 311 employees

15 Cash Management Retail Develops & markets the most reliable cash handling solutions for retailers. Outsourced manufacturing. Channel strategy: Sales through partners only. NEW Presidio solution Extreme FOCUS Creating a world class point of sale experience by making cash payments competitive

16 Cash Management Retail 3 rd quarter 2012 highlights 3 rd quarter 2012 Key Figures 11.4 % growth in turnover 91 CashGuard systems delivered outside Scandinavia (200) 240 system delivered in Norway & Sweden (192) Extreme FOCUS PROYECTOS Y DESARROL LOS DE SEGURIDAD

17 Retail Solutions Driving store owner s profitability by increasing store employees efficiency In Store Retail Technology Solutions System integrator of leading technologies Complex integration knowledge Significant after market 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 2012 highlights 3 rd quarter 2012 Key Figures NOK 5.5 million EBITDA growth 240 CashGuard systems sold in Q312 compared to 192 in Q311 Increased service revenue (50-øre) 100 REMA1000 stores installed with Pricer 200 REMA1000 stores within year end

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 Cash Management ATM & CIT Zero losses wherever money moves Providing proprietary closed cash handling solutions to ATM & CIT market segments Market leader most secure. advanced and most expensive products In-house assembly & production

21 Cash Management ATM & CIT 3 rd quarter highlights 67.3 per cent growth in turnover Russian deliveries continues. ATM installations in pilot Australian deliveries continues New cost cuts initiated 3 rd quarter 2012 Key Figures

22 Voluntary buyback success Applies to all shareholders as of May 9 th with less than shares, at minimum NOK 4, shareholders accepted with a total number of shares bought back of at a price of NOK 4.02 (SEK 4.71) per share. Involuntary process started

23 Top 50 shareholders per September 30 st 2012

24 Questions?