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Q3 2010 EARNINGS CALL – Pason Systems Corp.

Pason Systems Corp. · Oct 29, 2010 · 28 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 1
    PSI Group ASA 3rd quarter 2010 Presentation, October 29th 2010 Jrgen Waaler, CEO
  2. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 2
    Business Vision Become a leading global provider of closed and secure cash handling solutions wherever cash moves
  3. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 3
    Agenda Highlights Financials Operations & Markets Q&A
  4. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 4
    Highlights Key figures Operating revenues of NOK 114.1 million. down 1.9% from Q309 EBITDA of NOK 12.1 million, up from NOK 0.3 million in Q309 Positive cash flow from operations of NOK 8 million Strong performance within Retail…
  5. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 5
    Financials P&L statement Operating income of NOK 114.1 million Gross margin from 52 % to 57% Personell costs down by 4,5 million. Other costs down by 2,1 million
  6. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 6
    12 months rolling 12 months rolling revenue (NOK million) 12 months rolling EBITDA (NOK million) NOK millon NOK million 700 100 90 600 80 500 70 60 400 50 300 40 200 30 20 100 10 - - Q407 Q108 Q208 Q308…
  7. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 7
    Revenue breakdown Revenue per country Revenue per business area Other 22 % CM Retail 20 % Norway 43 % CM CIT/ATM Retail 12 % Solutions Sweden 35 % 68 %
  8. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 8
    New products sales and service revenues 3rd quarter 2010 3rd quarter 2009 Services Services 34 % 28 % New New product product sales 66 % sales 72 %
  9. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 9
    Balance sheet - Total assets A/R down by 20,0 million Inventory down by 5,6 million
  10. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 10
    Balance sheet Total equity & liabilities Net interest bearing debt increased by NOK 3.2 million compared to Q2 2010 Total net interest bearing debt NOK 204.5 million end Q3 2010 Disposable liquidity reduced by NOK 7 million…
  11. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 11
    Financials Cash flow statement Increase in Working NOK thousand Q3 2010 Q3 2009 2010 YTD 2009 YTD Year 2009 capital by NOK 8 million in the Net cash flow from operation 7 967 12 988 1 053 4 699 42 704 quarter Net cash flow from…
  12. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 12
    12 months rolling 12 months rolling CF from operations (NOK million) NOK million 60 50 40 30 20 10 - Q407 Q108 Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q110 Q210 Q310
  13. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 13
    Operations Business units
  14. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 14
    PSI organisation structure PSI Group ASA CM ATM/CIT CM Retail Retail Solutions Partners End Users End Users
  15. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 15
    Retail Solutions In Store Retail Technology Solutions Leading technologies Complex integration knowledge Presence in Norway and Sweden Dominating position in both countries Independent supplier to retail stores Country-wide…
  16. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 16
    Retail Solutions 3rd quarter highlights 3rd quarter Key Figures 5,6 % turnover growth and NOK 11.8 3rd quarter Full year million EBITDA growth. 2010 2009 2009 260 CashGuard systems sold in Q310 Revenue new sale 58.5 62.6 302,6…
  17. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 17
    Retail Solutions 12 months rolling revenues NOK million 430 420 410 400 390 380 370 Q109 Q209 Q309 Q409 Q110 Q210 Q310
  18. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 18
    Cash Management Retail Develops & markets closed & secure cash handling solutions to retailers. Outsourced manufacturing. Channel strategy: Sales through partners only. Strong market leader in Norway and Sweden with a promising…
  19. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 19
    Cash Management Retail 3rd quarter highlights & outlook 3rd quarter Key Figures 51 % growth in turnover 3rd quarter Full year 170 CashGuard systems delivered 2010 2009 2009 outside Scandinavia Revenue new sale 27.3 18.2 105,8 Two…
  20. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 20
    Cash Management Retail 12 months rolling revenues NOK millon 140 120 100 80 60 40 20 - Q109 Q209 Q309 Q409 Q110 Q210 Q310
  21. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 21
    Cash Management ATM & CIT Develops, manufactures & markets closed & secure cash handling solutions to the ATM & CIT market segments Market leader High quality high value. In-house manufacturing
  22. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 22
    Cash Management ATM & CIT 3rd quarter highlights 3rd quarter Key Figures 40 % decline in turnover 3rd quarter Full year Low investment ability for existing 2010 2009 2009 customers and slow development in Revenue new sale 11.3 19.5…
  23. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 23
    Cash Management ATM & CIT 12 months rolling revenues NOK millon 140 120 100 80 60 40 20 - Q109 Q209 Q309 Q409 Q110 Q210 Q310
  24. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 24
    Cash Trends & Facts Banknote circulation: 13.6 billion banknotes worth 814 billion 500 and 50 have highest shares in circulation value - 50 is most used (in numbers) Coin circulation: 91 billion coins worth 22 billion
  25. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 25
    Cash Trends & Facts
  26. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 26
    Cash Trends & Facts
  27. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 27
    Top 20 shareholders per 30 September 2010 1 primary insiders
  28. Q3 2010 EARNINGS CALL – Pason Systems Corp. – slide 28
    Questions Zero losses - wherever cash moves

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