Loomis AB (publ)

everyone, and welcome to the fourth quarter presentation from Loomis. As you heard, I'm Patrick Andersson, CEO of Loomis, and with me here today I have Chris Anakubis, CFO, and Anders Håkka, Chief Investor Relations Officer. I will give a short overview of the quarter and then open up for questions. So let's start the presentation and turn to the next page, which is the disclaimer page.

So we quickly move on to the next page. which is about cash. And first some comments when it comes to the cash market. As you can see from on the left or right hand side of the slide,

Cash circulation continues to grow, as you can see here, both in the US and in Europe. The ECB, European Central Bank, expresses strong support for cash and has put a number of activities in place to protect the access to cash. We also see the support for cash increasing in many countries, especially in times of EU political unrest as we have today. So in many countries, it is not legal to deny cash payments anymore. We see that happening in many places. Cash payments are strongly correlated to the economic activity in a country. And as societies are opening up, volume is coming back to us and to the market. And during the COVID pandemic, new business opportunities opened up for Loomis, and one example is, of course, what we see in the U.S., where we had a 12% growth in 2021, and we see that all business lines are growing, especially in SafePoint and the ATM business, and that is due to the outsourcing that is coming to us and to the market. And the same is and will happen in Europe. So then let's turn to the next page. These are the highlights of the quarter. I'll come back to some of them later in my presentation. What we see, first of all, that the Omicron variant had a limited impact on the Loomis business as we expected. We see that many societies have opened up. However, travel and tourism is still not fully recovered, but we expect that to come back this year and next year. Real growth was at 15% in the quarter, and we have the acquisitions in Finland and also in Switzerland that is supporting the real growth. Organic growth was at 11%, so we see continued improvements month by month, both in Europe but also in the US. Operating marketing, if then excluded, is paid. To make the comparison on an equal basis, it's at 12.1%. And the measures we took during 2020 when it comes to cost is now paying off. Operating cash flow at 73% of EBITDA. If we then turn to the next page,