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Securitas T o insert Background picture in this layout – Right click on the background – choose Format –Picture or texture fill and Insert a picture from file. T o insert Background picture in this layout – Right click on the background – choose Format –Picture or texture fill and Insert a picture from file. Interim Report Q3/9M 2025 Magnus Ahlqvist, President and CEO Andreas Lindback, CFO Q3
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Securitas Strong delivery with an operating margin exceeding 8 percent in the third quarter 2 – Organic sales growth of 3 percent (5) in the third quarter – Operating margin of 8.1 percent (7.5) – Supported by all business segments – Both security services and technology & solutions improved – Adjusted organic sales growth 4 percent and adjusted operating margin 8.3 percent (7.6) – EPS real change excluding IAC of 19 percent – Operating cash flow was 106 percent (115) – Net debt to EBITDA ratio was 2.2 (2.7) – Business optimization program: vast majority of cost savings executed Interim Report January-September 2025
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Securitas 3 Operating margin improvement in both business lines Real sales growth, % % of Group sales EBITA margin, % % of Group EBITA* Business line Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Technology and solutions 4 6 33 32 11.7 11.2 48 48 Security services 1 4 65 66 6.9 6.6 56 58 Other** - - 2 2 - - -4 -6 Group 2 5 100 100 8.1 7.5 100 100 * EBITA = operating income before amortization ** Risk management services and costs for Group functions – Good technology and solutions margin development from healthy portfolio development – Technology and solutions real sales growth below our expectations, priority area coming quarters – Good underlying margin improvement within security services driven by active portfolio management, the airport business and higher margins on new sales while SCIS hampered the improvement Interim Report January-September 2025
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Securitas 4 Good organic sales growth and continued margin improvement • Organic sales growth mainly driven by: • Good portfolio development and price increases in the Guarding business • Double-digit sales growth in Pinkerton and the performance in Technology also supported • Real sales growth in technology and solutions was 2 percent (7) Securitas North America Organic sales growth 6% (3) in Q3, 5% (3) in 9M • Improved operating margin in both the Guarding and Technology business units, supported by good cost leverage and cost control • The performance in Pinkerton continued to improve in the third quarter, and further improvement is expected in the coming quarters Operating margin 9.5% (9.1) in Q3, 9.2% (9.0) in 9M 2% 3% 4% 5% 6% 7% 8% 9% 10% Q1 Q2 Q3 Q4 2023 2024 2025 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% Q3 2023 Q4 Q1 Q2 Q3 2024 Q4 Q1 Q2 Q3 2025 Interim Report January-September 2025
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Securitas 5 Material improvement of the profitability • The margin improvement was driven by both business lines including positive impact from the business optimization program • The security services business was positively impacted by: • Active portfolio management • Higher margins on new sales • The airport security business including the divestiture of the airport security business in France • Improved operating margin in the technology and solutions business line, driven by healthy portfolio development Securitas Europe • Organic sales growth, on a strong comparative, was supported by price increases including impacts from the hyperinflationary environment in Türkiye • Good organic sales growth within the airport security business • Active portfolio management held back organic sales growth • Real sales growth in technology and solutions was 4 percent (4) Organic sales growth 2% (7) in Q3, 4% (9) in 9M Operating margin 8.4% (7.7) in Q3, 7.0% (6.4) in 9M 0% 2% 4% 6% 8% 10% 12% 14% Q3 2023 Q4 Q1 Q2 Q3 2024 Q4 Q1 Q2 Q3 2025 2% 3% 4% 5% 6% 7% 8% 9% 10% Q1 Q2 Q3 Q4 2023 2024 2025 Interim Report January-September 2025
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Securitas Strong margin development driven by the security services business line • Organic sales growth driven by: • High single-digit technology and solutions sales • Price increases in security services • Active portfolio management held back organic sales growth in the security services business line • Real sales growth in technology and solutions was 9 percent (10) Securitas Ibero-America 6 Organic sales growth 5% (5) in Q3, 3% (7) in 9M • The improvement was driven by the development in the security services business line, including positive impact from active portfolio management • A few temporary one-offs in the quarter also contributed Operating margin 8.0% (7.2) in Q3, 7.5% (6.9) in 9M 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% Q3 2023 Q4 Q1 Q2 Q3 2024 Q4 Q1 Q2 Q3 2025 2% 3% 4% 5% 6% 7% 8% 9% 10% Q1 Q2 Q3 Q4 2023 2024 2025 Interim Report January-September 2025
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Securitas 7 Improving operating margins in all business segments Organic sales growth, % Real sales growth T&S, % T&S of total sales, % EBITA* margin, % Client retention rate, % Business segment Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Securitas North America 6 3 2 7 36 38 9.5 9.1 91 87 Securitas Europe 2 7 4 4 33 32 8.4 7.7 90 92 Securitas Ibero- America 5 5 9 10 37 36 8.0 7.2 91 92 Group 3 5 4 6 33 32 8.1 7.5 91 90 * EBITA = operating income before amortization Interim Report January-September 2025
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Securitas T o insert Background picture in this layout – Right click on the background – choose Format –Picture or texture fill and Insert a picture from file. T o insert Background picture in this layout – Right click on the background – choose Format –Picture or texture fill and Insert a picture from file. Financials Q3 Andreas Lindback, CFO
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Securitas 9 Income statement MSEK Q3 2025 Q3 2024 Real change, % 9M 2025 9M 2024 Real change, % FY 2024 Sales 38 521 40 229 2 116 691 120 127 3 161 921 Organic sales growth, % 3 5 4 5 5 Organic sales growth adjusted, % 4 n/a 4 n/a n/a Operating income before amortization 3 107 3 006 11 8 430 8 164 10 11 200 Operating margin, % 8.1 7.5 7.2 6.8 6.9 Operating margin, adjusted, % 8.3 7.6 7.5 7.0 7.1 Amort. of acquisition-related intangible assets -135 -151 -427 -455 -639 Acquisition-related costs -2 -4 -6 -11 20 Items affecting comparability -1 527 -697 -1 770 -1 157 -1 285 Operating income after amortization 1 443 2 154 -26 6 227 6 541 2 9 296 Financial income and expenses -419 -577 -1 395 -1 748 -2 277 Income before taxes 1 024 1 577 -26 4 832 4 793 10 7 019 Tax, % 38.4 25.9 29.2 26.3 26.3 Net income for the period 631 1 168 -37 3 422 3 532 6 5 172 EPS, SEK 1.09 2.03 -37 5.95 6.15 6 9.01 EPS before IAC, SEK 3.34 3.05 19 8.48 7.76 18 10.81 MSEK -1 462 SCIS government business close-down provision Business optimization and transformation programs full year cost estimate unchanged at approx. MSEK 375 Vast majority of business optimization savings realized Full year estimated to BSEK 1.8-1.9 Estimate 60 percent of SCIS government business close-down cost to be tax deductible over time FY tax rate adjusted for close-down 26.8 percent EPS real change before IAC of 19 percent Interim Report January-September 2025 Adjusted for the SCIS government business close-down Adjusted for the SCIS government business close-down
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Securitas MSEK Q3 2025 Q3 2024 9M 2025 9M 2024 FY 2024 Operating income before amortization 3 107 3 006 8 430 8 164 11 200 Investments in non-current tangible and intangible assets -955 -801 -2 918 -3 014 -4 029 CAPEX to sales, % 2.5 2.0 2.5 2.5 2.5 Reversal of depreciation 874 895 2 676 2 727 3 723 Change in trade receivables -30 101 -1 214 -1 689 -837 Change in operating payables 213 404 -1 132 -581 181 Change in other net working capital 72 -163 411 -848 -843 Cash flow from operating activities 3 281 3 442 6 253 4 759 9 395 Cash flow from operating activities, % 106 115 74 58 84 Financial income and expenses paid -370 -565 -1 535 -1 801 -2 156 Current taxes paid -261 -533 -925 -1 544 -2 162 Free cash flow 2 650 2 344 3 793 1 414 5 077 10 Materially improved cash generation the first nine months CAPEX approx. 2.5 percent of Group sales going forward Positive development from improved DSO Interim Report January-September 2025 Supported by lower financial net and tax timing impact
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Securitas 11 Continued deleveraging supported by solid cash flow 2.7 2.5 2.5 2.4 2.2 1.0 1.2 1.4 1.6 1.8 2.0 2.2 2.4 2.6 2.8 3.0 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 —Solid deleveraging to 2.9x (3.3) net debt to EBITDA ratio MSEK Q3 2025 Q3 2024 Net debt June 30, 2025 -35 969 -41 867 Free cash flow 2 650 2 344 Acquisitions/Divestitures 0 -8 Items affecting comparability -308 -194 Dividend paid - - Lease liabilities 36 101 Change in net debt 2 378 2 243 Revaluation -26 162 Translation 232 993 Net debt September 30, 2025 -33 385 -38 469 Net debt/EBITDA ratio Interim Report January-September 2025 Net debt development
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Securitas T o insert Background picture in this layout – Right click on the background – choose Format –Picture or texture fill and Insert a picture from file. 12 — No financial covenants – No financial covenants – Strong liquidity at end of the quarter: BSEK 7.5 – BSEK 1.4 term loans maturing in 2025 and 2026 repaid in Q3 – BSEK 1.9 term loan maturing in 2026 repaid in October – S&P rating BBB stable, Liquidity strong – Remain committed to investment grade rating Financing overview 0 2 500 5 000 7 500 10 000 2025 2026 2027 2028 2029 2030 2031 2032 MSEK SEK PP USD PP EUR bond Term Loan Schuldschein 12Interim Report January-September 2025
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Securitas T o insert Background picture in this layout – Right click on the background – choose Format –Picture or texture fill and Insert a picture from file. T o insert Background picture in this layout – Right click on the background – choose Format –Picture or texture fill and Insert a picture from file. Strategic update Q3
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Securitas T o insert Background picture in this layout – Right click on the background – choose Format –Picture or texture fill and Insert a picture from file. 1 2 3 4 5 6 Committed to achieving our operating margin target of 8 percent for the second half of 2025 EBITA 2024 full year T echnology and solutions impact Strategic assessments Security services profitability EBITA 2025 year-end target* Operating margin M&A 8% 6.9% 14 — High single-digit organic sales growth supported by significant commercial synergies — Cost leverage and efficiency — Active portfolio management — Price — Labor productivity — Cost efficiency Interim Report January-September 2025 Strategic assessment program being finalized — Exit from Argentina — Airport security business in France divested — Close-down of government business within SCIS initiated — Remaining strategic assessments under consi- deration represents approx. 1% of Group sales
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Securitas Well positioned for future profitable growth 15 We operate in attractive and growing markets Increasing global uncertainty and threat landscape with heightened risk awareness We have transformed our client portfolio Improving profitability and focus on high-growth segments with strong security needs We partner with our clients to provide outstanding services Integrated solutions enabled by technology, digital, innovation and people We are executing on our plan to deliver 8% OPM 19 consecutive quarters of margin improvements and strong YTD 19% EPS growth High share of recurring sales and >90% client retention We have strong cash generation and balance sheet >80% operating cash flow has enabled us to deleverage to 2.2x We look forward to welcoming you to our Investor day in London, June 2026 15Interim Report January-September 2025
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Securitas T o insert Background picture in this layout – Right click on the background – choose Format –Picture or texture fill and Insert a picture from file. 16 Exceeding 8% operating margin in Q3 – The operating margin improved to 8.1 percent (7.5), adjusted 8.3 percent (7.6) – EPS improvement of 19 percent – Operating cash flow was 106 percent (115), and net debt/EBITDA 2.2 (2.7) – Committed to achieving our target of 8 percent adjusted operating margin in H2 2025 16Interim Report January-September 2025
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Securitas T o insert Background picture in this layout – Right click on the background – choose Format –Picture or texture fill and Insert a picture from file. T o insert Background picture in this layout – Right click on the background – choose Format –Picture or texture fill and Insert a picture from file.