Securitas (SECU) SEB Nordic Large Cap Seminar presentation summary

Major transformation and strategic initiatives

• Established a world-leading technology business through the completed Stanley integration and synergy realization.

• Over 90% of top leadership positions in key units have changed since 2019, with a common leadership framework and performance-based incentives.

• Divested or closed BSEK 12 worth of lower-quality guarding business to sharpen the portfolio.

• Digitalized 200,000 client sites, implemented AI capabilities, and launched a global CRM system.

Financial performance and client relationships

• Achieved an 8.2% adjusted operating margin in Q4 2025, surpassing the 8% margin target.

• 88% cash flow conversion from operating income and a net debt to EBITDA ratio of 2.1.

• Maintained a 90% client retention rate and BSEK 1 in recurring monthly revenue.

• Strong partnerships with major global clients such as Microsoft, Novo Nordisk, BAE Systems, and Bank of America.

Ambitious 2030 targets and value creation

• Set targets for 10% average annual EPS growth (excluding IAC) over a business cycle.

• Aiming for 80-90% operating cash flow conversion and net debt/EBITDA below 2.5x.

• Dividend policy to distribute 50-60% of annual net income.