Investor Presentation, September, 2015

Advancing Security through New Technology

Company Overview

• 320 000 employees in 53 countries

• A wide range of customer segments

• Market leading position in the US and Europe

• Specialized guarding, mobile services, monitoring, technical solutions and consulting and investigations

• Strategy to increase share of security solutions and technology to deliver sustainable shareholder value

#1App.19%market share

#1App.18%market share

#1 or 2

App.14%market share

2

Growingpresence

Highlights January - June

• Organic sales growth 5% (2) with improvements in all business segments

• Operating margin 4.7% (4.6), driven by SSNA

• Price/wage balance on par

• EPS real change 10%

• Free Cash Flow to net debt ratio 0.19 (0.20)

• Q2 development supports the target of at least 28% growth of security solutions and technology in 2015

Financial Highlights

MSEKQ2

2015Q2

2014

Total

change

%

Real

change

%

H1 2015

H1 2014

Total

change

%

Real

change

%

Sales 19 875 17 120 16 5 39 361 33 231 18 5

Organic sales growth, % 4 3 5 2

Operating income beforeamortization 926 788 18 6 1 835 1 526 20 6

Operating margin, % 4.7 4.6 4.7 4.6

Amortization and impairment ofacquisition related assets -66 -60 -134 -121

Acquisition related costs -7 -7 -17 -11

Operating income afteramortization 853 721 18 6 1 684 1 394 21 6

Financial income and expenses -76 -82 -151 -163

Income before taxes 777 639 22 8 1 533 1 231 25 9

Net income for the period 550 449 23 10 1 086 864 26 10

Earnings per share (SEK) 1.51 1.23 23 10 2.96 2.36 25 10

Security Services North America – Sales Development H1 2015

• Organic sales growth 4% (2) in the period

• Organic sales growth was primarily driven by the five guarding regions, supported by our strategy of increasing sales of security solutions and technology

• Net impact on organic sales growth in Security Services North America in 2015 due to ACA is estimated to app. 1%

5

Security Services North America – Income Development H1 2015

• The operating margin was 5.3% (5.0) in the period

• The margin improvement relates to the leverage effect from good organic sales growth and lower payroll taxes

• Our strategy of increasing sales of security solutions and technology also had positive margin impact

6

Security Services Europe– Sales Development H1 2015

• Organic sales growth 3% (1) in the period, driven by a good development in many countries, such as Germany, Sweden and Turkey

• Organic sales growth is supported by our strategy of security solutions and technology resulting in a growth pace slightly ahead of the European market’s growth pace

7

Security Services Europe– Income Development H1 2015

• Operating margin 5.1% (5.3)

• The decline is mainly due to Sweden, where higher social costs and training costs had a negative impact, and Netherlands where the market is difficult

• Social costs for young employees have been raised in Sweden. The full year negative impact on operating result in 2015 is estimated to be MSEK -20 and for 2016 MSEK -50

8

9

Security Services Ibero-America– Sales Development H1 2015

• Organic sales growth 12% (7) in the period, driven by all countries except Ecuador and Portugal

• In Latin America the organic sales growth was 25%, even though the macro economy is slowing down considerably

• The macro economy recovery in Spain drives an improving organic sales growth trend, but the termination of a non-profitable airport security contract will impact somewhat negative going forward

• Our strategy of specialization, security solutions and technology is supporting the strong growth

1010

Security Services Ibero-America– Income Development H1 2015

• Operating margin 4.4% (4.3) in the period, mainly driven by the improvement in Spain but hampered by Peru and Portugal

• A collective bargaining agreement was signed in Spain during July, fixing wage increases at app. 1.5 percent in 2016 allowing price negotiations well in advance

11

Cash flow

MSEKQ2

2015Q2

2014H1

2015H1

2014

Operating income before amortization 926 788 1 835 1 526

Investments in non-current tangible and intangible assets -403 -298 -719 -557

Reversal of depreciation 264 235 525 469

Net investments in non-current assets -139 -63 -194 -88

Change in accounts receivable -261 -188 -473 -304

Change in other operating capital employed 31 -19 -176 -560

Cash flow from operating activities 557 518 992 574

Cash flow from operating activities, % 60 66 54 38

Financial income and expenses paid -36 -36 -240 -219

Current taxes paid -262 -284 -426 -388

Free cash flow 259 198 326 -33

As % of adjusted income 39 36 25 -3

Free cash flow to net debt -- -- 0.19 0.20

The net investments primarily relate to capex in security solution contracts, reflecting our strategy to increase sales of security solutions and technology

The netinvestmentsaffect free cash flow and aredepreciatedover the contract period

Securitas Group–Sales Growth 2005-2014

-1

0

1

2

3

4

5

6

7

30 000

35 000

40 000

45 000

50 000

55 000

60 000

65 000

70 000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Sales, MSEK Organic sales growth, %

Securitas Group– Income Development and Earnings Per Share

13

Operating income, MSEK Operating Margin, %

4,0

4,5

5,0

5,5

6,0

2 800

3 000

3 200

3 400

3 600

2012 2013 20140

1

2

3

4

5

6

2012 2013 2014

Earnings per share, SEK

A Changing Security Industry

• Traditional guarding market growing in linewith GDP

• Security is a growing industry

• Guarding is gradually changingfrom on-site to remote

• Huge opportunities for growth and strong competition for this growthfrom new players

• The security industry change accelerates

• Technology is changing fast

Cost of Disruption is Increasing

The most important trends in the security services market are:

• Increased awareness and perception of the risks and threats to operations, assets and individuals

• Increased use of technology

• More sensitive production processes

• Growing high-value transport activities

• Greater interest in security issues among senior management

The Evolution

Cost of manpower

Cost of technology

The speed and the

security of transfer of

data, images and videos

The Security Equation

Securitytechnology

Optimal

security

solution

On-site

Remote

Securityofficers

Remote guarding On-site guarding

A Complete Integrated Security Solutions Service

Mobile guards

Physical toolsIntelligent cameras

Securitas

Cloud

Interface

Remote video

solutions

Video management

Monitoring

On-site guards

Value-added Creation Drives MarginsDevelopment of operating margin contract by contract

10%*

Security

solutions

8%*

Guarding

solutions

6%*

Specialized

Guarding

4%*

Guarding

* Operating margin

Improving ROCE

20

Example of a contract conversion; from manned guarding to security solutions

KEUR Guarding Solutions

Annual sales 400 386

Direct & indirect cost -380 -349

Operating income 20 37

Operating margin 5% 10%

Capital employed 116 176

as of % sales 29% 44%

Return on capital employed 17% 21%

Reduced on-site guarding

Remote monitoring and technology introduced: 60 KEUR capex= 15% of the first year’s sales= 12 KEUR depreciation annually (5 year contract)

h

How do we Accelerate our Pace?Development of percentage of total sales

Target

2015

6%

2012

8%

Q4 2013

10%

Q4 2014

+ 28%*

> 28%*

* Growth rate of sales in security solutions and technology

By Significant Investments in Technology Staff

2010 2013 2014

2 511

No. of technology staff

New marketsSSNA

SSIA

SSEU

2 301

By Thinking and Acting as One Company

• Common targets

• No internal markup or competition

• Shared P/L instead of silos

23

Guarding Guarding Guarding Guarding

Technology

SSNA SSEU SSIANew

markets

By Security Operating Centers

By Systems and Tools

Monitoring

Customer tool Vision

PDA/GRS/GMS

Customer portal

By Making Acquisitions

Security Solutions

Implementation

Capacity

Specialized guarding

Monitoring

Connectivity

ICTData integrity

Data storage

Mobile

Customer Case

Arla’s Requirements

Challenges

• No more static guarding

• Expected cost savings

• Proprietary technology platform

Customer Case

The Contract

5 year contract

• Mobile patrol and call outs

• Remote monitoring and guarding

• Temarond Teknik service

• Open technology platform

• Remote maintenance

• On-site Security Operating Center

Customer Case

The Arla Solution

29

Visitor system

Visitor terminal

for login

• I/O modul for gate opening / Automatic on-site list

• SMS Gateway

• Printer for report

• Reader

• Printer for visitor badge

Reader

ADMIN

Local image storage

Intercom

Intercom

IP-cameras

Camera

I/O modul

Door/gate controlArla’s Security Center06:00 – 18:00 mon-fri

Card reader and Intruderalarm

Server– sync HR-system

ServerDatabase

Intruder alarm

Panic alarm

Operation alarm

Securitas Alarm Recieving Center18.00-06.00

Security

VLAN

SecurityVLANLocal

Customer Case

Savings and Improved Service Level

• Customer wants to guardgates with own staff

• Flow of external visitors

• Flow of employees

• Transports 7/24/365

• Perimeter protection

• Expected cost savings

Challenges

• We reduced the mannedguarding need to a minimum

• Less Arla staff or receptions

• Control of who are there

• Control of transports withlog book

• Improved and more efficientsecurity solution

• Substantial savings and improved service level

Result• Platform that control various

gates and managed from Securitas alarm receivingcenter

• Un-manned automated visitor areas

• Access control system

• Open system with burglarydetection, CCTV, video surveillance

• One supplier - Securitas

Solution

By being a Responsible Company

• Securitas’ Values and Ethics (the Code)

• Complementing Group and local codes, for example regarding anti-corruption, entertainment and gifts

• Mandatory training in the Code for all employees

• Securitas Integrity Line, reporting system for managing non-compliance issues

• Sustainability reporting, GRI 2014

• Risks related to non-compliance with the Code prioritized in the enterprise risk management process

• CSR-related risks one of Securitas seven key risks

• Monitored by self assessment, diagnostics and audits

31

Conversions and new sales of security solutions and technology will give us growth and profitability

Organic sales growth > 3 %

Gross margin, %

Indirect cost, %

Operating margin, %

Our Earnings Per Share Growth Strategy

EPS improvement y-o-y10 %

Competitive advantages

• Unique organisation – technology in support of the core business – common goals

• Financial capability to invest into the customer (site)

• Technology and supplier independent – access to the latest technology at best pricing

• Our scale enables replication

• We create cost-efficient solutions reducingTotal Cost of Ownership for the customer

• Security is our business – we understand how to take care of the fore front

• We have security officers and cars to dispatch when situations occur – density is key

• We take care of the whole security chain

• A trusted brand

34

Integrity | Vigilance | Helpfulness

securitas.com