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COMPANY PRESENTATION INVESTOR RELATIONS DEPARTMENT 1 DISCLAIMER This presentation contains forward-looking statements and information relating to regulation in countries in which the Company and its subsidiaries do business; [Prosegur


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COMPANY PRESENTATION

INVESTOR RELATIONS DEPARTMENT

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SLIDE 2

DISCLAIMER

COMPANY PRESENTATION 2019 This presentation contains forward-looking statements and information relating to [Prosegur Compañía de Seguridad, S.A.] (the “Company”) and its subsidiaries that are based on the current beliefs of the Company’s management, key expectations and assumptions, as well as information currently available to the Company and projections of future events as well as assumptions made and information currently available to the Company. These forward-looking statements speak only as of the date they are made. These forward-looking statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends,” and similar words or phrases. Other forward-looking statements can be identified in the context in which the statements are made or by the forward- looking nature of discussions of strategy, plans or intentions. Such forward- looking statements, as well as those included in any other material discussed at any management presentation, reflect the current views of the Company with respect to future events and are subject to known and unknown risks, uncertainties and key assumptions about the Company and its subsidiaries and investments, including, among other things, the development of their businesses, trends in their operating industry, and future capital expenditures. In light of these risks, uncertainties and assumptions, the events or circumstances referred to in the forward-looking statements may not occur. None of the future projections, expectations, estimates or prospects in this presentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the presentation. Many factors could cause the actual results, performance or achievements of the Company and its subsidiaries to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others: changes in general economic, political, governmental and business conditions globally and in the countries in which the Company and its subsidiaries do business; changes in interest rates; changes in inflation rates; changes in prices; trends affecting the Company and its subsidiaries businesses, financial condition, results

  • f
  • perations or cash flows; the impact of current, pending or future legislation and

regulation in countries in which the Company and its subsidiaries do business; acquisitions, investments or divestments which the Company and its subsidiaries may make in the future; the Company and its subsidiaries capital expenditures plans; their estimated availability of funds; their ability to repay debt with estimated future cash flows; security threats worldwide and losses of customer valuables; failure to maintain safe work environments; effects of catastrophes, natural disasters, adverse weather conditions, unexpected geological or other physical conditions, or criminal or terrorist acts; public perception of the Company and its subsidiaries businesses and reputation; insufficient insurance coverage and increases in insurance cost; loss of senior management and key personnel; unauthorized use of the Company’s intellectual property and claims of infringement by the Company or its subsidiaries of others’ intellectual property; changes in business strategy and various other factors. Should one or more of these risks or uncertainties materialize, or should any other unknown risk occur,

  • r should any of the underlying assumptions prove incorrect, actual results may

vary materially from those described herein as anticipated, believed, estimated, expected or targeted. No one intends, or assumes any obligations, to update or revise these forward- looking statements, whether as a result of new information, future events or

  • therwise nor to update the reasons why actual results could differ from those

reflected in the forward-looking statements. As a result of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements as a prediction of actual results or otherwise. Not for general release, publication or distribution, directly or indirectly, in

  • r into The United States, Canada, Australia or Japan or any other

Jurisdiction in which the distribution or release would be unlawful. These materials do not constitute an offer to sell, or a solicitation of offers to purchase or subscribe for any securities in the United States or any other

  • jurisdiction. The securities referred to herein have not been, and will not be,

registered under the U.S. Securities Act of 1933, as amended, and may not be

  • ffered or sold in the United States absent registration or an applicable

exemption from registration requirements. There is no intention to register any portion of any offering in the United States or to conduct a public offering of securities in the United States.

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COMPANY PRESENTATION FY 2019

ONE GROUP, THREE BUSINESSES

3

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SLIDE 4

PROSEGUR GROUP Prosegur: a success story Since its foundation in 1976, Prosegur has grown to become one of the undisputable global leaders in the security industry…

COMPANY PRESENTATION FY 2019 4 Expansion in LatAm & Europe and Increase of services portfolio

  • Focus on Security: disposal of

FM and Cleaning businesses

  • 2001: Full entry in LatAm and

France

  • Creation of the Technology

Business Unit

  • 2008: Entry into Mexico and

Colombia

1998 2008

2,052

Foundation and initial Expansion

  • Incorporated in 1976
  • 1980: Entry into Portugal
  • 1987: Publicly Listed on Madrid

Stock Exchange

  • 1995: Initiating activities in LatAm

1976 1997

480

Consolidation of the integrated model and expansion into Asia- Pacific

  • Specialization in Security Solutions

for different client sectors

  • 2011: Entry into Singapore, India

and Germany

  • 2012: Entry into China
  • 2013: Rated BBB Stable by S&P.

Issuance of a € 500 million Bond and Entry into Australia

2009 2014

3,783

Yearly revenues of last year in the period in €Million

Focus on Business Lines Profitability and continual expansion

  • Reorganization of structure

around business lines vs. geographies

  • Initiated Global CyberSecurity

services business unit

  • 2016: Entry in South Africa
  • 2017: Prosegur Cash IPO
  • 2018: Entry in Central America

& Philippines

  • 2019: Entry in the US
  • 2019: Entry in Indonesia

2015 2018

3,939

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SLIDE 5

PROSEGUR TODAY

>9,000

ARMORED VEHICLES

>100,000

MANAGED ATMS

+550,000 ALARM

CONNECTIONS OVER 220 FULLY INTEGRATED ACQUISITIONS

26

COUNTRIES

+170,000

EMPLOYEES WORLDWIDE

COMPANY PRESENTATION FY 2019 5

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SLIDE 6

A GLOBAL SECURITY COMPANY WITH A LEADERSHIP POSITION IN FOCUS MARKETS

WE ARE MARKET LEADERS IN 17 OUT OF OUR 26 GEOGRAPHIES

Cash in transit & cash management Guarding and technology Alarm Monitoring Position in the market share ranking

1

Prosegur Intl’ Player 1 Intl’ Player 2 Intl’ Player 3 Intl’ Player 4 #2 #3 #1 #4 #2 #1 #3 COMPANY PRESENTATION FY 2019

Source: DBK, Aproser and internal sources

6

CHINA

5

SINGAPORE

1

INDIA

2

PHILIPPINES

1

AUSTRALIA

2

GERMANY

1

TURKEY

n/a

FRANCE

3

PORTUGAL

1

SPAIN

1

SOUTH AFRICA

n/a

USA

n/a

CHILE

1

PERU

1

COLOMBIA

1

URUGUAY

1

ARGENTINA

1

PARAGUAY

1

BRAZIL

1

MEXICO

3

GUATEMALA HONDURAS COSTA RICA NICARAGUA EL SALVADOR

1

INDONESIA

n/a

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SLIDE 7

DELIVERING SUPERIOR GROWTH AND SHAREHOLDER RETURNS

CUMULATIVE DIVIDEND DISTRIBUTED 2004-2018:

€1,103m

€ 823m ordinary dividend € 280m extraordinary dividend (2017)

Figures in €m

(1) Market Cap in 2017 as of Dec. 2017 was 4.042 – Actual Market Cap €m reflects IPO of CASH Listed in 2017

COMPANY PRESENTATION FY 2019

Revenue (€m) Market Cap (€m) (1) EBIT (€m)

7

2004

3,939

2018

1,112 +254.1% +9.5% 85 301

2004 2018

+252.5% +9.4% 895

2018 2004

2,728 +204.8% +8.3%

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SLIDE 8

Publicly listed in 2017

ORGANISATIONAL MODEL: “ONE GROUP, THREE BUSINESSES”

COMPANY PRESENTATION FY 2019

B C A

ONE GROUP, THREE BUSINESSES

PROSEGUR

CASH

PGA

(Financial and support functions)

PROSEGUR

SECURITY

RATIONALE

▪ Accelerate growth ▪ Increase specialization and efficiency ▪ Simplify the organisation

IMPLICATIONS / BENEFITS

▪ All businesses have reached the maturity to be managed separately ▪ Different capital needs and KPIs ▪ Customer centric model across regions ▪ Accelerates sharing of best practices across regions

PROSEGUR

ALARMS

8

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SLIDE 9
  • A. CASH IS A SUCCESS STORY: A GLOBAL LEADER WITH

RESILIENT GROWTH AND STRONG CASH GENERATION

SALES*

€1,732 MM

EBIT Margin(%)*

15.5%

Countries / empl.

20 / 60,000

▪ #2 globally with 14% market share (vs. 7% in 2007) ▪ #1 in our focus Cash markets (14/20 countries) ▪ Leading scale, density and market share ▪ Outperforming the market (business has grown x4 in € sales in the last 7 years) ▪ Solid fundamentals → already growing in new products and capturing the next “outsourcing wave”

OUR BUSINESS OUR OBJECTIVES

▪ Continue delivering above-market organic growth at constant currency ▪ Lead industry consolidation player ▪ Lead the third wave of outsourcing (Cash Automation in Client, IAD, Back Office Management, Branch Teller Staff, etc.) ▪ Strong cash generation to fuel Group’s growth

COMPANY PRESENTATION FY 2019 *FY18 business figures 9

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SLIDE 10

▪ #5 global player with a leading position in selected markets ▪ Industry leading technology-based solutions ▪ Differentiated growth strategies for each market based on development stage ▪ Expanding into mature markets with disruptive value proposition. ▪ Main player in LatAm leading the transformation of the industry

  • B. SECURITY IS A BUSINESS TO TRANSFORM AND GROW,

TO BECOME AN “INDUSTRY CHAMPION” AGAIN

SALES*

€1,946 MM

EBIT Margin(%)*

2.8%

Countries / empl.

14 / 103,000

▪ Continue transformation towards technology-based products ▪ Improve margins → all geographies with profitability in line with peers and Group’s best practices ▪ Grow and expand in US ▪ Complete integration of legacy businesses and operational improvements in Brazil ▪ Build a solid “Cybersecurity” platform

COMPANY PRESENTATION FY 2019

OUR BUSINESS OUR OBJECTIVES

10

*FY18 business figures

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SLIDE 11
  • C. ALARMS IS A HIGH GROWTH AND HIGH RETURN BUSINESS

WHICH WE WANT TO ACCELERATE WITH ADEQUATE INVESTMENTS

SALES*

€262 MM

Total Connections*

547,000

Countries / empl.

10 / 7,000

  • Unparalleled platform → significant investments undertaken over the

last 5 years to enter and reach critical mass in 10 countries

  • Developed state-of-the-art products and launched next generation

alarm “SMART”

  • Strengthened sales force, tripled from 2011
  • Best in class and improving churn from 12% in 2011
  • Rapid and consistent growth benefiting from low penetration in focus

markets

  • Accelerate customer acquisition through investments in sales &

marketing (e.g., sales team, lead generation)

  • Selective new geographies (big city approach)
  • Continue to grow ARPU through penetration of SMART
  • Roll out SMART product in all geographies
  • Continue to improve churn levels
  • Focus on product innovation to capture “the smart home” opportunity

OUR OBJECTIVES OUR BUSINESS

COMPANY PRESENTATION FY 2019 11 *FY18 business figures

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SLIDE 12

ONE GROUP

PGA - CENTRALIZED EXTERNAL SUPPORT TO THE THREE BUSINESSES…

COMPANY PRESENTATION FY 2019 ▪ Human Resources ▪ Finance/Tax ▪ Legal ▪ Security ▪ Corporate Development ▪ IT ▪ Real Estate ▪ Brand ▪ Insurance ▪ Purchase ▪ Marketing

CASH

Commercials & Operations Cash Internal Support

SECURITY

Commercials & Operations Security Internal Support

ALARMS

Commercials & Operations Alarm Internal Support

SERVICES OFFERED PGA – External support

5% Mark Up

PROSEGUR HOLDING

12

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… SUPPORTED BY STABLE INVESTMENT GRADE RATINGS

BBB/A-2

Outlook Stable October 2019

SUSTAINED STRONG LIQUIDITY PROFILE EXCELLENT CASH FLOW GENERATION WITH MODERATE CAPITAL EXPENDITURE AND WORKING CAPITAL REQUIREMENTS MINIMAL TRAPPED CASH ACROSS OPERATIONS MODERATE LEVERAGE

13 COMPANY PRESENTATION FY 2019

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SLIDE 14

COMPANY PRESENTATION 2019

PROSEGUR

Leading the consolidation process

  • f the Cash industry while fueling

the Group’s growth

CASH

14

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SLIDE 15

628 677 806 840 1017 1083 1170 1231

2006 2012

913

2007 2013 2010 2008 2009 2011 2014 2015 2016 2017 2018

763 889 956 1126

5.8%

45 49 50 58 60 64 73 74

2016 2006 2007 2008 2017 2009 2010 2011 2012 2013 2014 2018 2015

37 38 52 55 68

5.9%

853 888 942 1198 1299 1463 1571

2007 2006 2015

1380

2014 2008 2009 2010 2012 2011 2013 2016 2017

1127

2018

784 792 1035 1672

6.5%

101 113 147 158 199 215 297 309

2006 2009

220

2007 2008 2013 2012 2010 2011 2014 2015 2016 2017 2018

128 183 84 270

11.5%

CASH, STRONG GROWTH OF THE UNDERLYING DRIVER…

COMPANY PRESENTATION FY 2019 15

Source:2019 Central Banks data, IE Economics. Trade Economics 2019

BRL EUR USD GBP Despite the growing penetration of alternative payment methods, cash in circulation is a constant growing figure in all economies, representing in 2019 more than 85% of total World transactions. (Source 2018 World Cash Report & Central Banks reports) ■ In Europe (ECB Diary Study), cash represents 78.8% of all transactions in volume and 53.8% in value.

USE OF CASH IN TERMS OF VALUE (MN)

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SLIDE 16

…BOOSTS THE GROWTH OF THE CASH SECTOR, ALTHOUGH AT DIFFERENT LEVELS IN EACH REGION

CASH MARKET SIZE (USD BN)

+4.4%

2015 2020 Main characteristics of attractive markets: (i) Growing economies; (ii) Moderated elevated inflation and interest rates; (iii) Certain level of insecurity; (iv) Degree of sophistication of banking sector

EXPECTED GROWTH BY GEOGRAPHY 2015-2020

Africa & Middle East Latam US & Canada Asia Pacific Europe 4 (26%) 4.7 (31%) 2.7 (18%) 2.4 (16%) 1.4 (9%) COMPANY PRESENTATION FY 2019 8.3% 5.6% 4.0% 2.1% 1.6%

15.2 18.8

Source: Freedonia 2017 report

16

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SLIDE 17

37% 22% 7% 13% 17% 4% 40% 20% 14% 13% 9% 5% 40% 20% 14% 13% 9% 4%

2007 2015 2018 20% 14% 13% 9% 4% CASH GLOBAL MARKET SHARES (2018) (1)

COMPETITOR’S MARKET SHARE EVOLUTION

(1) Market share calculated based on companies revenues: Prosegur Cash , Brinks & Loomis are based on 2018 results; G4S and Garda are based on estimations. Prosegur Cash market share includes India.

#2

Local Players

Change in Market Share '07-18 Others 40%

PROSEGUR HAS BECOME A GLOBAL RELEVANT PLAYER IN THE LAST FEW YEARS…

0bps

  • 200bps

+700bps

  • 800bps
  • 100bps

0bps

Intl’ Player 1 Prosegur Intl’ Player 2 Intl’ Player 3 Intl’ Player 4

Intl’ Player 1 Intl’ Player 2 Intl’ Player 3 Intl’ Player 4

COMPANY PRESENTATION FY 2019 17

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SLIDE 18

2018 MARKET SHARE PROSEGUR

▪ Undisputed market leader in LatAm – leadership position in fastest growing markets ▪ Benefitting from growing security market ▪ Relying on its strong density, reputation, brand and close relationship with clients ▪ Solid presence in key European countries ▪ Expected to be the fastest growing economies in the area ▪ Growing footprint in Asia / Africa ▪ Highest Cash market growth regions globally

Latam Africa & Middle East Europe Asia Pacific US and Canada

PROSEGUR CASH GLOBAL FOOTPRINT

#2 GLOBAL MARKET POSITION

COMPANY PRESENTATION FY 2019

…WITH STRONG POSITIONS IN EACH OF THE LOCAL MARKETS

0% 10% 57% 10% 4% # Market positioning Cash in transit & cash management

Source: Freedonia 2017, DBK, Aproser and internal sources.

18

  • GUATEMALA
  • HONDURAS
  • COSTA RICA
  • NICARAGUA
  • EL SALVADOR

1 MEXICO 3 CHILE 1 PERU 1 ARGENTINA 1 URUGUAY 1 PARAGUAY 1 BRAZIL 1 SPAIN 1 GERMANY 1 PHILIPPINES 1 INDIA 2 AUSTRALIA 2 PORTUGAL 2 COLOMBIA 2 INDONESIA

n/a

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SLIDE 19

DENSITY & SCALE AND PRODUCTIVITY GAINS: SEARCH FOR CONTINUOUS MARGIN IMPROVEMENT

  • 1. DENSITY & SCALE

COMPANY PRESENTATION FY 2019

Prosegur Cash Market Share in selected markets (%) Prosegur Cash EBIT Margin (%)

19

2015 2016 2017 2018 2015 2016 2017 2018 382 382 428 340 282 314 360 268

21.9% 13.3% 22.2% 14.8% 22.2% 16.0% 19.7% 15.1% 18.0% 7.5% 18.6% 9.1% 18.7% 10.2% 15.5% 10.2%

EBIT EBIT Margin Peers Average

  • 2. EBITDA (€m) and EBITDA margin (%)

Positive correlation between market share and profitability

  • Leadership position in focus regions
  • Footprint optimisation / higher density
  • Profitability programs and best

practices

  • Shift in revenue mix towards more

value added cash services

EBIT (€m) and EBIT margin (%)

EBITDA EBITDA Margin Peers Average

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SLIDE 20

FOR THE FUTURE: UNPARALLELED POSITIONING TO BENEFIT FROM THREE KEY GROWTH LEVERS

COMPANY PRESENTATION FY 2019 Today Traditional market growth (Organic) Consolidation play (inorganic) Third Wave of Outsourcing Third Wave of Outsourcing

1 2 3

Source: IMF Nominal GDP forecast from 2016 – 2019. Expected growth calculated as a weighted average between our sales and the expected GDP

EXPECTED GROWTH IN OUR FOOTPRINT

1

CAGR 7.7% 2015 2020

> 500 CASH COMPANIES GLOBALLY

2

Room for further consolidation

#14 #7 #16 #13 #6 #9 #10 #11 #8 #15 #12 #3 #4 #5 #2 #17 #18 #19 #20 … #1

Cash automation in clients

OUTSOURCING OPPORTUNITIES

3

Back office management IAD (Independent ATM Deployer) Branch teller staff 20

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SLIDE 21

OUTSOURCING OPPORTUNITIES

Efficiencies Business process outsourcing

BRANCH TELLER STAFF BACK OFFICE MANAGEMENT IAD (INDEPENDENT ATM DEPLOYER) ATM MGMT. ▪ Maintenance ▪ Fixing ▪ Replacement ▪ Full lifecycle CASH PLANNING & FORECASTING ▪ Branch Network ▪ Displaced ATMs COMPANY PRESENTATION FY 2019 CASH LOGISTICS & PROCESSING

  • Bank Branches
  • ATMs
  • Retail Clients
  • Central Bank

Third wave of outsourcing DAILY RECONCILIATION ▪ Incidence Mgmt. ▪ Branch Network ▪ Central Services CASH AUTOMATION IN CLIENTS

21

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SLIDE 22

PROSEGUR SECURITY

Moving from manned guarding to technological solutions

COMPANY PRESENTATION FY 2019 22

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SLIDE 23

PROSEGUR SECURITY

Moving from manned guarding to technological solutions

2015 2020

SECURITY GLOBAL MARKET EVOLUTION ($BN)

125

SECURITY GLOBAL MARKET SHARES (2018) KEY MARKET TRENDS

Commoditization, due to its low capital intensity and entry barriers. Competitiveness intensification and considerable price pressure impacting margins, even with Facility Management companies Increase in staff turnover, scarcity of qualified personnel. Increasing labor pressure Budgeting restrictions in Public Sector Double market: ▪ Client sophistication. Every time the client knows more and it gets more difficult to add value ▪ Stagnant sector that keeps the same criteria for some years and is into a mature phase

  • 8%

6% 5% 4% 2% Others 75% Player 1 Player 2 Player 3 Player 4 Prosegur Source: Freedonia 2017 report and internal company data

LARGE MARKET WITH TECHNOLOGY AS A CATALYST FOR FUTURE GROWTH

+ + + + +

+6.1%

Increasing outsourcing from Public Sector and higher development of services to companies in emerging countries Design of integral offers that combine electronic systems with traditional guarding services improving revenue mix Intensive use of technology and its combination with human factor Trend towards mobile services (dynamic guarding/patrolling) as an alternative Growing market, with significant potential in emergent countries 168

23 COMPANY PRESENTATION FY 2019

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SLIDE 24

PROSEGUR SECURITY HAS GLOBAL PRESENCE ACROSS LATAM, ASIA, EUROPE AND US

EMPLOYEES * PROSEGUR SECURITY GLOBAL FOOTPRINT #5 GLOBAL MARKET POSITION

SPAIN BRAZIL MEXICO COLOMBIA CHILE ARGENTINA URUGUAY PORTUGAL FRANCE CHINA PERU PARAGUAY SINGAPORE

COMPANY PRESENTATION FY 2019 Source: internal data 24

USA

* OPERATIONAL PERSONAL ONLY

Argentina

5,1%

Peru Brazil France

24,8%

Spain Colombia Portugal USA

11,4%

Chile Mexico Paraguay Singapore Uruguay China

5,9% 26,1% 7,3% 8,3% 0,7% 4,7% 4,2% 2,5% 1,9% 1,4% 0,8%

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SLIDE 25

27% 18% 17% 12% 9% 9% 7% 6% 6% 4% 4% 1% 0% 1% 17% 40% 16% 22% 11% 9% 3% 9% 3% 17% 15% 28% 23% 56% 42% 67% 66% 80% 82% 90% 85% 91% 79% 81% 99% 100% 49%

Local Players Largest National Player Intl´ Players Prosegur

WITH A LEADING POSITION IN SELECTED MARKETS ENABLING A SIGNIFICANT OPPORTUNITY FOR CONSOLIDATION

GUARDING MARKET SHARES (%)

COMPANY PRESENTATION FY 2019

Source: DBK, Investors presentations, internal estimates

25

Spain Uruguay Portugal Argentina Colombia Peru Brazil Paraguay Singapore Chile France Mexico China EEUU

#1 #2 #2 #2 #1 #2 #1 N.A. #2 N.A. #3 #7 N.A. N.A.

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SLIDE 26

PROSEGUR’S SECURITY BUSINESS MODEL IS BASED ON THREE KEY LEVERS

COMPANY PRESENTATION FY 2019

TECHNOLOGICAL TRANSFORMATION

▪ Value proposition to client; moving towards integrated solutions with technology

HIGHER MARGIN PRODUCTS

▪ Moving towards a high margin product portfolio

STREAMLINING

▪ Size reduction ▪ Efficiency implementation ▪ Growth recovery ▪ Margin expansion 26

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SLIDE 27
  • 2. KEY DIFFERENTIATING FACTORS – MOVING TOWARDS A HIGH MARGIN PRODUCT PORTFOLIO

GROSS MARGIN (%) PER PRODUCT TYPE FY15 (ALL COUNTRIES) COMPANY PRESENTATION FY 2019

% Gross Margin % of total sales

Other Services Electronic Systems ATM Cyber ARC

(Alarms Reception Center)

Mobile Guarding Maintenance Fire detection

Indirect costs

Increasing focus

  • n products with

higher margins

Traditional Guarding

+

  • 27
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SLIDE 28

PROSEGUR ALARMS

Betting on growth and shaping the future

COMPANY PRESENTATION FY 2019 28

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SLIDE 29

ALARMS MARKET: SIGNIFICANTLY UNDERPENETRATED

ALARMS PENETRATION RATES BY COUNTRY (%)

▪ World market is under-penetrated ▪ US is the most penetrated market globally and has only 20% penetration ▪ Prosegur core markets are all <10% penetration ▪ Sales and marketing are the main drivers of penetration → enormous growth potential that requires strong sales force and investment

% of households with a connected alarm

COMPANY PRESENTATION FY 2019 29

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SLIDE 30

ALARMS MARKET: FROM SINGLE DIGIT TO DOUBLE DIGIT GROWTH IN FOCUS REGIONS

COMPANY PRESENTATION FY 2019

PROSEGUR’S FOCUS REGIONS EXPECTED TO LEAD THIS GROWTH GLOBAL ALARM MONITORING MARKET ($BN) EXPECTED TO GROW AT 5.0% P.A.

CAGR: 5.0% 44 58

KEY DRIVERS

  • Increasing role of crimes and

burglaries

  • Rapid implementation of home

automation and security systems

  • Integration of biometric technology in

smartphones Alarm monitoring market 2015-20 CAGR Revenue expected growth by Region

2015 2020 8.35% 5.03% 4.12% 1.93% 1.67% LATAM Asia Pacific World North America Western Europe

Source: Freedonia report 2017

30

2015 2020 75 2025

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SLIDE 31

Installation Revenues Product cost Installation cost Sales cost Marketing cost

ALARMS: A DIFFERENT BUSINESS MODEL, SIGNIFICANT VALUE CREATION

VERY ATTRACTIVE RETURNS WITH UPFRONT CAPITAL REQUIREMENTS

CLIENT CONTRACT CASH FLOW

ARPU Year 0 Operating costs (Including monitoring, customer care, maintenance,...) Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 … Year N Average life-cycle

▪ Payback period over 4 years ▪ Average subscription period of 10 years ▪ Increasing ARPU on local currency basis ▪ Very attractive returns with upfront capital requirements COMPANY PRESENTATION FY 2019 31

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SLIDE 32
  • 1. KEY DIFFERENTIATING FACTORS – PRODUCT (1/2)

B2C

(residential & small business)

PORTFOLIO OF PRODUCTS OFFERING A FULL RANGE OF SOLUTIONS ADAPTED TO CLIENTS’ NEEDS

B2B

(transferred to Security)

▪ Complex CCTV systems ▪ Complex hybrid and wired systems COMPANY PRESENTATION FY 2019 ▪ Anti-theft systems, ▪ Smoke screen 2010 2015 2020 ▪ Wireless System (video-verification) ▪ Professional Hybrid & Wired Solutions ▪ Video in the Cloud ▪ Professional CCTV Solutions

VIDEO

▪ Vehicle Security Systems ▪ Mobile E-Health Solutions ‘Smartlife’ ▪ Internet of Things applied to security

HOME AUTOMATION

32 2018 2012 ▪ SMART solutions for Technology- Security integration

E-HEALTH HAWK EYE INCLUSION LOCATION

▪ Intelligent security services

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SLIDE 33
  • 1. KEY DIFFERENTIATING FACTORS – PRODUCT (2/2)

SMART PLATFORM AS THE CORE TOOL TO INTERACT WITH OUR CLIENTS AND BUILD LOYALTY

SMART PLATFORM

▪ SMART: Platform to interact with our clients which builds loyalty ▪ Launched in 2016 ▪ Productivity increase: Lower service costs ▪ Churn reduction: Connected clients have lower churn rates (empirically proven 2-4% below average) COMPANY PRESENTATION FY 2019 ▪ Protection: In case of need, we send our response teams to provide protection ▪ Police: Critical in those countries where Police does not have the resources to provide reliable response ▪ Even in countries where Police provides a response we provide value added services

RESPONSE

33

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SLIDE 34
  • 2. KEY DIFFERENTIATING FACTORS – SCALE

UNPARALLELED PLATFORM WITH CRITICAL MASS IN 10 COUNTRIES AND OVER 550,000 CONNECTIONS

COMPANY PRESENTATION FY 2019 Close to 7,000 employees Presence in 10 countries with high potential growth 10 monitoring centres duplicated More than 1,100 response professionals Base of over 550,000 connections Commercial Residential 45% 55%

Source: FY 2018 business figures

34

More than 20,000 vehicles tracked TURKEY

n/a

COLOMBIA

2

PORTUGAL

2

SPAIN

2

ARGENTINA

2

SOUTH AFRICA

n/a

URUGUAY

1

PERU

1

PARAGUAY

3

CHILE

3

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SLIDE 35

SOLID FINANCIAL PERFORMANCE BEING THE FASTEST GROWING BUSINESS LINE WITHIN THE GROUP DRIVEN BY OUR FOCUS TO INCREASE OUR CUSTOMER BASE

CUSTOMER BASE EVOLUTION (# CONNECTIONS) AVERAGE REVENUE PER UNIT (ARPU)

2013 2014 2015 2016 2017 36.8 35 38 36 38 Ø 36.5

+11.4% 35 355 389 424 499 547

2014 2015 2016 2017 2018 2018 36

▪ Net additions Increment of 10%

  • ver same period in 2017

▪ Growth still over industry

average despite Argentina slowdown

Recurrent quota remains in line in the long term despite the adverse macro economic environment in Ibero-America

Positive evolution in local currency terms COMPANY PRESENTATION 2019

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SLIDE 36

Excellent

  • pportunity

Low market penetration level

Out of a total of nearly 19 million households, only 9% have currently a professionally monitored alarm Industry with annual growth exceeding 5%

“Best in class” Alliance 6 millions potential

clients

The combination of the largest telephone operator in the country, and the leading private security provider with best in class reputation and quality of service

Very good valuation 50% of the Spanish

business valued in

300M

Spain represents close to 40% of Prosegur's total alarms connections Valuation in the upper range of the current industry benchmark

(1) Operation is pending approval by market regulatory entities

(1)

PARTNERSHIP FOR THE SPANISH ALARM MARKET

+

36

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SLIDE 37

Environmental Social Governance

COMPANY PRESENTATION FY 2019 37

slide-38
SLIDE 38

+2 MILLION

HOURS OF TRAINING DELIVERED

+1,000

PROFESSIONALS WITH DISABILITIES

+170,000

PROFESSIONALS

+€12.MM

INVESTED IN TRAINING We ensure the utmost respect for the principle of equal treatment. We take no risks when it comes to safeguarding the physical safety and integrity of our professionals, raising their image and profiles. THE BEST HUMAN TEAM

COMPANY PRESENTATION FY 2019 38

slide-39
SLIDE 39

+200 COLLECTIVE

BARGAING AGREEMENTS

PROSEGUR IS A GLOBAL BENCHMARK IN THE PRIVATE SECURITY INDUSTRY

TRADE-UNION FREEDOM AND FREEDOM OF ASSOCIATION AND COLLECTIVE BARGAINING

+200 UNIONS +2,000

UNION DELEGATES

16%

OF EMPLOYEES ARE MEMBERS OF A TRADE UNION

* OECD average rate (2016): 12%

EUROPEAN WORKS COUNCIL

UGT, CC.OO y USO (ESP) VERDI (GER) CGT (FRA) STAD y SITESE (POR) *Advisor: UNI GLOBAL UNION

69% OF ANNUAL

REVENUES DISTRIBUTED TO EMPLOYEES

27% OF ANNUAL

REVENUES DISTRIBUTED TO SUPPLIERS

2 million HOURS OF

TRAINING

1.6 million hours

OF ONLINE TRAINING THROUGH THE PROSEGUR UNIVERSITY EFFECTIVE TAX RATE IN 2017 FOR PROSEGUR WAS 36.6%

SOCIAL CASH FLOW

COMPANY PRESENTATION FY 2019 39

slide-40
SLIDE 40

PROSEGUR, A RESPONSIBLE COMPANY

COMMITMENT WITH OUR EMPLOYEES AND HSE

PROSEGUR COMPETITOR 1 COMPETITOR 2 Fatality rate per 10.000 employees

0.41 0.43 0.20

Attacks Traffic Others

FATALITIES IN 2017 ADHERENCE TO STANDARDS AND REGULATIONS Priority IN ALL OF

OUR BUSINESSES

“ZERO INJURIES” GOAL,

REGARDLESS OF OUR BUSINESS DIFFICULTIES PREVENTIVE APPROACH WITH

THREE ACTION LEVELS:

Training

Monitoring and follow up

Technological innovation

RISK MANAGEMENT CYCLE

4

MONITOR

3

MANAGE

1

IDENTIFY

2

ANALYZE “PROSEGUR CODE OF ETHICS AND CONDUCT” CODE FROM THE LIGUE INTERNATIONALE DES SOCIÉTÉS DE SURVEILLANCE

Code from the Confederation

  • f European Security

Services (CoESS)

UN GLOBAL COMPACT WHISTLEBLOWER CHANNEL CORPORATE COMPLIANCE PROGRAM APPLICATION OF THE RIGHTS LISTED IN THE UNIVERSAL DECLARATION OF HUMAN RIGHTS (UDHR) TRANSPARENCY We draw up our Annual Reports using the Global Reporting Initiative (GRI) standards COMPANY PRESENTATION FY 2019

40

slide-41
SLIDE 41

WE ARE COMMITTED TO PEOPLE

COMPANY PRESENTATION FY 2019

Prosegur Foundation channels the company’s social and cultural activities to help build a more giving society while generating

  • pportunities for personal development, thus

making tangible our commitment to contribute to the development of the regions the Group

  • perates in.

Our institution works to educate and improve the job prospects of people with intellectual disabilities and is also involved in corporate volunteering and cultural outreach We develop our own projects that are sustainable, transparent and replicate best practices

F O U N D A T I O N P R O S E G U R

46

PIECITOS COLORADOS SCHOOLS

4

FIELDS OF ACTION

10

COUNTRIES

34

PROJECTS COMPLETED IN 2018

€3MM INVESTED

IN 2018

+43,000

BENEFICIARIES IN 2018

41

slide-42
SLIDE 42

9M 2019 FINANCIAL INFORMATION

COMPANY PRESENTATION FY 2019 42

slide-43
SLIDE 43

43

P&L

Consolidated Results

FY 2018 9M 2018 9M 2019

% Variation

Sales

3,939 2,829 3,098

9.5%

EBITDA

456 332 378

14.0%

Margin 11.6% 11.7% 12.20% Depreciation (129) (90) (129)

EBITA

327 242 249

3.2%

Margin 8.3% 8.6% 8.0% Amortization of intangibles (26) (18) (21)

EBIT

301 224 228

2.2%

Margin 7.7% 7.9% 7.4% Financial result (21) 13 (45)

Profit before Taxes

280 237 183

(22.7)%

Margin 7.1% 8.4% 5.9% Taxes (100) (82) (65) Tax rate 35.7% 34.7% 35.7%

Net Profit

180 155 118

(23.9)%

Minority Interests 48 39 35

Consolidated Net Profit

132 116 83

(28.3)%

Earnings per share

(Euros per share)

0.2 0.19 0.14

  • Excellent growth in local currency

close to 15%

  • Comparable IAS 21&29 impact
  • Profitability positively affected by

recent divestments

!

9M 2018

2,829

+7.8%

Org

+7.1%

Inorg

  • 5.4%

FX(1) 9M 2019

3,098

+9.5%

Amounts in Eur. millions - 2018 & 2019 figures have been elaborated applying IAS 21 & 2 9, additionally 2019 figures also include the application of IAS16 -

(1) Includes exchange rate effect and IAS 21 & 29
slide-44
SLIDE 44

44

Consolidated Revenues by Region and Business Line

110 246

1,297 1,316 Europe 1,422 1,535 Ibero-America RoW +1.5% +7.9% +123.5%

186 205

1,217 1,337 Alarms Cash 1,425 1,555 Security +9.8% +9.1% +10.3% 9M 2018 9M 2019

%

Growth in Local Currency (1)

%

Growth in Euros

+18.0% +12.2% +16.0%

Revenues by Business Line Revenues by Region

+1.5% +18.8% +123.4%

9M 2018 9M 2019 Amounts in Eur. millions -

(1) Includes organic growth and acquisitions

Amounts in Eur. millions -

(1) Includes organic growth and acquisitions

slide-45
SLIDE 45

45

+6.3% +11.7%

9M 2018 Org Inorg

  • 8.2%

FX(1) 9M 2019

1,217 1,337

+9.8%

PROSEGUR CASH

198 213

9M 2019

15.9% 16.3%

9M 2018 +7.3%

  • New products reach 16.0% of

total sales in 9M 2019

  • Sales of NPs grew by 52% in

euros fueled by Smart Cash, AVOS and ATMs

  • Continuous improvement of

stand-alone quarterly margins

  • Divestments in South Africa and

France partially compensate the negative effect FX

  • 18% growth in local currency
  • 9.8% growth in Euro terms
  • Positive contribution in all

markets except Australia

Revenues Profitability New Products

!

EBIT EBIT Margin

FY 2016 FY 2017 9M 2019 FY 2018

6.4% 8.7% 11.8% 16.0%

+420 bps

Amounts in Eur. millions -

(1) Includes exchange rate effect and IAS 21 & 29

slide-46
SLIDE 46

46

PROSEGUR SECURITY

  • Increased penetration of

“Integra” Solutions reaching 27.2% of current client portfolio

  • Spain leads growth
  • Profitability affected by the

IAS21&29 impact in Argentina, integration of acquisitions in USA and reorganization in France

  • Growth in local currency above

12%

  • Strong inorganic growth close to

9% driven by USA

Revenues Profitability(2) New Products(3)

!

1,425

+3.5%

9M 2018 Org Inorg

+8.7%

FX(1)

  • 3.1%

9M 2019

1,555

+9.1%

39 34

9M 2019

2.7%

9M 2018

2.2%

  • 12.5%

EBIT Margin EBIT

9M 2019 FY 2016 FY 2017 FY 2018

17.0% 20.0% 23.0% 27.2%

+420 bps

Amounts in Eur. millions -

(1) Includes exchange rate effect and IAS 21 & 29

  • (2) Profitability in Security excluding Overhead Costs -

(3) Excludes USA

slide-47
SLIDE 47

47

PROSEGUR ALARMS

Amounts in Eur. millions - Installed base in thousands of connections - ARPU in Euros - (1) Includes exchange rate effect and IAS 21 & 29

  • Installed base increase of 3.6%
  • ver the same period of 2018
  • Affected by both macro and

strategic focus on quality of client portfolio

Installed Base

  • ARPU of € 36 per month

maintained despite the strong adverse FX.

  • Penetration of “Smart” Platform

exceeding 23% of the installed base

ARPU

  • Growth of more than 10% in Euros

and 16% in local currency

  • Duplicating the average global

growth of the sector

Revenues

9M 2018 Inorg

+16.0%

Org

  • 5.7%

FX(1) 9M 2019 186

+0.0%

205

+10.3%

424 499 547 539 559

2017 9M 2018 2016 2018 9M 2019

+3.6% +13.6%

38 36 38 36 36

2017 2016 2015 2018 9M 2019

slide-48
SLIDE 48

48

Consolidated Cash Flow

FY 2018 9M 2018 9M 2019

EBITDA

456 332 378

Provisions and other non-cash items

14 37 4

Tax on profit (ordinary)

(102) (96) (83)

Changes in working capital

(5) (92) (103)

Interests payments

(20) (22) (11) Operating cash flow

343 159 184

Acquisition of property, plant & equipment

(214) (140) (143)

Payments for acquisitions of subsidiaries

(83) (54) (124)

Dividend payments

(118) (92) (82)

Other flows

(35) (2) 13 Cash flow from investing / financing

(450) (288) (336)

Total net cash flow

(107) (129) (151)

Initial net financial debt

(252) (252) (425)

Net increase / (decrease) in cash

(107) (129) (151)

Exchange rate

(66) (77) (27) Final net financial debt

(425) (458) (603) (1)

Cash Flow by Quarters

24 81 161 330 159 98 184 40 343 6 82 Q1 6M 9M FY 2019 2017 2018

18% 5% 35%

Q1

33% 33% 40%

6M

75% 43% 48%

9M

63%

FY

49%

EBITDA to CASH conversion ratio

2017 2018 2019 Amounts in Eur. millions -

(1) Excludes IAS 16 debt

slide-49
SLIDE 49

49

Financial Position

458 425

61

581 594 603 78 95 109

  • 101
  • 84
  • 91

1.4% 1.7%

  • Sep. 2019
  • Dic. 2018

54 1.7%

  • Sep. 2018

127

  • Mar. 2019

1.4% 133

  • 3
  • Jun. 2019

1.4% 132

  • 15

Average Cost of Debt Treasury Stock (2) Net Financial Debt Deferred Payments

  • Net financial Debt
  • Increase of 178 millions of euros(1) vs. December 2018,

deriving mainly from inorganic growth initiatives.

  • Average cost of debt: reduction of c. 30 basis points vs.

the same period in 2018 (1.4% vs. 1.7%)

  • Rating. Confirmation by S&P of BBB rating, stable Outlook

(October 9, 2019)

IAS 16 Debt

1.5x 0.7x

Amounts in Eur. millions - (1) Excludes IAS 16 impact -

(2) Treasury Stock of Prosegur and Prosegur Cash at closing market price of the period

slide-50
SLIDE 50

50

Balance Sheet

FY 2018 9M 2019

Non-current assets

1,721 1,967

Tangible fixed assets and real estate investments

745 873

Intangible assets

842 954

Others

133 141 Current assets

2,099 2,091

Inventory

76 68

Customer and other receivables

975 1,080

Cash and equivalents and other financial assets

1,048 943

TOTAL ASSETS

3,820 4,058

Net equity

1,066 1,068

Share capital

37 36

Treasury shares

(53) (14)

Retained earnings and other reserves

1,013 958

Minority interest

69 88 Non-current liabilities

1,676 1,742

Bank borrowings and other financial liabilities

1,392 1,434

Other non-current liabilities

285 308 Current liabilities

1,077 1,248

Bank borrowings and other financial liabilities

151 358

Trade payables and other current liabilities

926 890

TOTAL NET EQUITY AND LIABILITIES

3,820 4,058

  • 80% of total Group debt is of

long-term nature

!

Amounts in Eur. millions - 2018 & 2019 figures have been elaborated applying IAS 21 & 2 9, additionally 2019 figures also include the application of IAS16

slide-51
SLIDE 51

Recent M&A

COMPANY PRESENTATION FY 2019

  • 20 Operations completed (10 in 2018)
  • Across all business lines
  • Cash (CIT, AVOS, ATM)
  • Security (Guarding, Monitoring, Cybersecurity)
  • Alarms
  • More than €160 million in revenues (±100 in 2018)

USA Central America Peru Paraguay Colombia Uruguay Brazil Spain Germany South Africa Singapore Philippines Australia

51

Indonesia

slide-52
SLIDE 52

52

Scalable Growth Process Improvement Savings

16 : 1

Reduction of payroll calculation hours in Brazil

100%

Robotization of the employee registration process in Spain +25,000 contracts / year + social security payment Reduces the time of incorporation from 48 to 24 hours

50%

Reduced cost in the monitoring of 2,600 armoured vehicles using IOT

135

Robotized Processes to achieve efficiencies of 120,000 hours/year

Digital Transformation – an ongoing transformational project to reshape the group

Car Sharing

Use of electric and low consumption vehicles in "car sharing" model for Alarms and Security

  • perational fleet

<60 days

Process improvement in “Opportunity 2 Cash” & “Procure 2 Pay” focusing on DSO reduction

COMPANY PRESENTATION FY 2019 52

slide-53
SLIDE 53

53

53

March 2019

Prosegur USA Investor Relations Presentation

COMPANY PRESENTATION 2018

slide-54
SLIDE 54

54

54

US is the world’s largest Security market in terms of revenues, combined with strong profitability levels…

(1) Source: Freedonia Group. Figures estimates for Security services (2020 projection); (2) FY17 figures, corresponding to main international security players; (3) Source: Markets&Markets. MMS: Managed Security Services (2020 projection)

North America Western Europe Eastern Europe Africa/ Mideast Central & South America 19.4 18.4 24.2 5.4 48.6 42.8 5.8

US Canada & Mexico

Revenues: Billions of USD1

~6% ~6% ~4%

Average EBITA margin2

China & Japan 20.5 Rest of Asia Pacific 31.4

~3% ~5%

Prosegur

EBITA Margin Revenues ~40% Latam ~60% ROW*

3%**

Note: Figures FY18; *Rest of the world; ** Excludes Overhead Costs

+$13B in MSS CyberSecurity revenues3 +$9B in MSS CyberSecurity revenues3 +$8B in MSS CyberSecurity revenues3 +$1.5B in MSS CyberSecurity revenues3 +$3B in MSS CyberSecurity revenues3

slide-55
SLIDE 55

55

55

…where the guarding market characteristics and the labor regulation allow for a great opportunity for the sale of integrated solutions… …benefitting from the attractiveness of the US technology market, a global reference that leads the way for other geographies…

… and where Cybersecurity plays a prominent role in a mature market with access to the latest solutions and best in class professionals to combine physical and logical solutions

Positive perception

  • f guarding

profession High labour costs, due to increasing minimum wage Security guards scarcity Highly compliant market Matured technological market with strong growth potential Leading innovation market (observatory

  • f new trends)

Market underpinned by a favourable regulation Highly efficient solutions for customers Greater exploitation of economies of scale Differentiated value proposition with respect to manned guarding Cultivated market with double digit growth expectations Market where all the largest players are present Most technology- advanced market with top talent and skilled professionals Differentiated value proposition when combining physical and logical solutions Large benefits from economies of scale Favourable market regulation

slide-56
SLIDE 56

56

56

As of today, the US market has been traditionally focused on guarding, with an increasing weight of tech solutions, that only international players are positioned to combine

#

Market Rank

Guarding market1

Employees Revenues ($M)

Integrators & Technology market2

Employees Revenues ($M) …

(1) Source: Security magazine; figures for 2018; (2) Source: SDM Magazine. Figures for 2017; (1)(2) Considers recent acquisitions

~160 >5,200 #8 ~7,000 >200,000 #1 ~4,200 >110,000 #2 ~300 >6,500 #4 ~200 >5,500 #5 ~200 >7,000 #6 ~180 >5,700 #7 ~850 ~2,500 #3 ~300 ~1,200 #6 ~2,000 >54,000 #3 #4 ~760 ~2,500 #1 ~8,400 ~13,600 #2 ~4,500 ~19,500 ~750 ~1,700 #5

Note: This ranking excludes companies whose majority of their revenues come from integrated residential and burglar alarm systems: Vivint (~$900M); Brinks Home Security (~$550M), Guardian Protection Services (~$200M), CPI Security Systems (~$100M) and Central Security Group (~$100M)

~100 ~550

#10

~160 ~900 #7 … … ~35 ~150

N/A

… … …

slide-57
SLIDE 57

57

57

Prosegur’s entry into the US is based on four strategic pillars

Brand awareness and reputation

  • Leverage Prosegur’s top tier global reputation as #5

Global Security player

Cross-selling opportunities

  • Rapidly increase penetration in USA by cross-selling

complementary services to our existing customer base

Integrated commercial model

  • Prosegur is in a unique position to combine integrated guarding and

technology services, defining its offering as Enterprise Risk Management Solutions

Strong post merger integration Plan

  • Drive value creation from the very outset, maximizing each company’s potential, by

executing our solid integration Plan

slide-58
SLIDE 58

58

58

Prosegur is #5 Global Security player and it can leverage top tier global reputation

5,000 CORPORATE

PROJECTS / YEAR

100,000 SECURITY

GUARDS

+7,000 CORPORATE

CLIENTS INTEGRATED SECURITY SOLUTIONS

+10,000

CAMERAS / YEAR

PROSEGUR SECURITY

Global security revenues2

(1) Integrated Advanced Security Solutions; Includes Cybersecurity & Enterprise Risk Advisory; (2) Market share represented by revenues

% Sales IASS over total Security revenues1 13% 13% 13% 14% 17% 20% 23% 2012 2013 2014 2015 2016 2017 2018

LEADING POSITION IN 14 COUNTRIES

slide-59
SLIDE 59

59

59

There is an opportunity to rapidly increase our penetration in USA by cross-selling complementary services

Main targets Global accounts (US based) Global accounts (Non-US based) Acquired accounts (US) US-based clients served by Prosegur in other countries Non-US based clients served by Prosegur in other countries, that have relevant presence in US Recently acquired US customer base (CSC, Cipher, Viewpoint, and BSI) 1 2 3 Description

slide-60
SLIDE 60

60

60

Prosegur Integra

Guarding Technology

Prosegur is in the best position to combine guarding and technology services, sold by risk management specialists at higher margins…

  • Market ready for disruptive player with

labor scarcity and customers in need of integrated solutions

  • International players, dragged by legacy

traditional guarding contracts are struggling to change their culture

  • Prosegur can differentiate itself by setting

up a risk specialists team who sell high value added bundles, following a consulting approach, and at better margins

Rationale

slide-61
SLIDE 61

61

61

…as we have already demonstrated in some of our core markets

Integra has proven to be a great success story in Singapore, a Security market with similar characteristics to US. Singapore has achieved the 2nd best operating margins of Prosegur in just a few years, driven by profitable Integra contracts, where margins keep improving as weight of technology increases year on year. The recent sale of the greatest ever Integra contract to the Brazilian branch of a major US delivery company represents a milestone for Prosegur Security. Services include manned guarding, monitoring, and technology installation & maintenance for the client’s +130 branches around the country with ~1,000 partners involved. The sale of a long-term Integra contract to a top CAC40 French engineering and defence company was a success story for Prosegur Security in Europe. With presence in two key locations in the North of France, this contract has enhanced Prosegur sales and margin in the country.

Singapore Brazil France

slide-62
SLIDE 62

62

62

Once the strategic intent was defined, we are ensuring that existing business momentum is maintained and that the integration plan drives value creation

Execute rigorously

3

Prepare well

2

Prosegur USA’s integration process is prioritizing the following strategic drivers: Focus on value creation

1

  • Optimizing synergies at all levels: revenue, costs, financial, marketing...
  • Protecting business momentum to avoid loss of revenue and to retain key talent
  • Defining a tailored integration approach, setting KPIs to ensure the best

combination of the different commercial/ operations teams

  • Empowering a value-added IMO1, whose main goal is to ensure everything is

ready to start the integration execution since day 1

  • Constantly monitoring the pre-defined strategic integration KPIs
  • Over-communicating with messages customized to every stakeholder
  • Building capabilities for future deals

(1) IMO: Integration Management Office

Prosegur USA capitalizes on our Group’s track record in +200 M&A operations, and leverages each target competitive advantage and strong management team.

slide-63
SLIDE 63

63

63

Following this entry strategy and integrated model approach, the acquisitions roadmap was designed to build a strong platform…

Manned Guarding Remote video monitoring Security Integrator Cybersecurity

  • Professional security officer
  • On-site response service
  • Mobile guards
  • Real time, 24/7 monitoring
  • Advanced Analytics
  • Intelligent predictive CCTV
  • Engineering capabilities
  • Local installation resources
  • Operation and maintenance
  • SOC (Security operation centers)
  • Managed Security Services
  • Digital surveillance
  • Cyber Intelligence
slide-64
SLIDE 64

64

64

…and highly specialised targets in their niches, with the perfect fit in our desired platform, were identified to build Prosegur USA

  • Experience: 14 years
  • HQ: Lowell, MA
  • Services: Video monitoring security

services, Installation, Call center support

  • Workforce: ~100 employees
  • Experience: 39 years
  • HQ: Herndon, VA
  • Services: General Security, Aviation

Safeguards

  • Workforce: +5,000 employees
  • Experience: 32 years
  • HQ: Delray Beach, FL
  • Services: Retail Video Technology

Solutions & Electronic Article Surveillance Solutions

  • Workforce: +50 employees
  • Experience: 19 years
  • HQ: SP, Brazil. Also with presence in

the US (Miami, FL)

  • Services: Managed Security Services

(MSS), Security & Risk Consulting Services

  • Workforce: +100 employees
slide-65
SLIDE 65

65

65

Relevant presence in regions with the highest concentration of clients and growth potential This new brand national platform leaves us in a unique position as a full services integrator to cater for

  • ur clients needs across the US

 Guarding  Monitoring / Technology  Systems Integrator  Cybersecurity

WA OR CA NV ID MT WY UT AZ NM ND SD CO NE KS OK TX LA AR MO IA MN WI MI IL IN OH KY MS AL TN GA FL SC NC VA WV PA NY VT ME NH MA RI CT NJ DE MD

C B V

slide-66
SLIDE 66

66

66 Entry into the largest and most profitable security market with the ambition to become Prosegur’s second biggest market in the midterm Geographical portfolio rebalancing, leading to strong revenues increase in a very stable market Innovation and new trends

  • bservatory to export successful

models to other countries

In conclusion, US Market entry will provide us with great benefits that will allow us to improve our profitability and become a leader in Enterprise Risk Management Solutions

Market attractiveness Rationale for Prosegur

Brand awareness and reputation

Cross-selling

  • pportunities

Integrated commercial model Strong post merger integration Plan

Strategic pillars Manned guarding Technology

  • Positive perception of guarding

profession

  • Security guards scarcity
  • High labour costs
  • Highly compliant market
  • Highly matured market with

strong growth potential

  • Highly efficient solutions for

customers

  • Great exploitation of economies
  • f scale
  • Favourable regulation
slide-67
SLIDE 67

67

67

Legal Disclaimer

This document has been prepared exclusively by Prosegur for use as part of this presentation. The information contained in this document is provided by Prosegur solely for information purposes, in

  • rder to assist parties that may be

interested in undertaking a preliminary analysis

  • f

it; the information it contains is limited and may be subject to additions

  • r

amendments without prior notice. This document may contain projections or estimates concerning the future performance and results

  • f Prosegur’s business.

These estimates derive from expectations and

  • pinions
  • f

Prosegur and, therefore, are subject to and qualified by risks, uncertainties, changes in circumstances and

  • ther

factors that may result in actual results differing significantly from forecasts

  • r estimates. Prosegur assumes no

liability nor obligation to update or review its estimates, forecasts,

  • pinions or expectations.

The distribution of this document in

  • ther

jurisdictions may be prohibited; therefore, the recipients

  • f

this document

  • r

anybody accessing a copy of it must be warned

  • f

said restrictions and comply with them. This document has been provided for informative purposes only and does not constitute, nor should it be interpreted as an

  • ffer

to sell, exchange or acquire or a request for proposal to purchase any shares in Prosegur. Any decision to purchase or invest in shares must be taken based on the information contained in the brochures filled out by Prosegur from time to time .

slide-68
SLIDE 68

www.prosegur.com

THANK

YOU

CONTACT INFORMATION:

Antonio de Cárcer Investor Relations Director Tel: +34 91 589 83 29 antonio.decarcer@prosegur.com Cristina Casado Investor Relations Officer Tel: +34 91 589 83 29 cristina.casado@prosegur.com