Third Quarter Release 2014Telephone Conference October 23, 2014

© Gunnebo Security Group 23 October 2014, page 2

Organic growth in order intake of 1%, primarily related to region EMEA

Operating margin 6.2% excluding non-recurring items

Continued stabilisation of sales in Region EMEA and reduction of its cost base still in focus

Encouraging development in China with several large orders received from banks and high-risk sites

Acquisition of Dissamex in Mexico giving Gunnebo a stronger platform for growth in the market

Acquisition of Clear Image in early October enhancing Gunnebo’s strong existing security offering in the UK

Highlights July – September 2014

© Gunnebo Security Group 23 October 2014, page 3

Acquisition of Dissamex

The Gunnebo Security Group has signed an agreement with the owners of Mexican security services company, Diseños Inteligentes de Seguridad S.A de C.V (Dissamex). Dissamexprovides nationwide electronic security services to the banking, retail and industrial sectors.

“The acquisition of Dissamex is in line with Gunnebo’s strategic agenda to move the Group’s point of gravity and focus on growth markets within the security sector,” says Gunnebo’sPresident and CEO, Per Borgvall.

“As the second largest economy in Latin America, Mexico is clearly a very interesting market for us and this acquisition will allow us to create a strong platform in the country from which to introduce other offerings from our portfolio of security solutions.”

From press release August 28, 2014

© Gunnebo Security Group 23 October 2014, page 4

Acquisition of Clear Image

The Gunnebo Security Group has completed the acquisition of Clear Image, a provider of electronic security solutions and services in the United Kingdom.

Clear Image offers intelligent and innovative electronic security solutions supported by a highly experienced service team. Its customer base includes leading cash in transit companies, banks and retailers.

“The acquisition of Clear Image is a perfect fit for Gunnebo,” says Gunnebo’s President and CEO, Per Borgvall. “It enhances our strong existing security offering and opens up new opportunities for us on the UK market within some of our core customer segments.”

From press release October 10, 2014

© Gunnebo Security Group 23 October 2014, page 5

Gunnebo Group July – September

*Free cash flow from operating and investing activities, excluding acquisitions and divestments

July - September 2014 2013

Net Sales, MSEK 1,314 1,314

Operating Profit, excluding non-recurring, MSEK 82 93

Operating Margin, excl. non-recurring, % 6.2 7.1

Non-recurring items, MSEK -5 -32

Operating Profit (EBIT), MSEK 77 61

Operating Margin, (%) 5.9 4.6

Free cash flow, MSEK -24 83

Net Profit, MSEK 36 32

*

© Gunnebo Security Group 23 October 2014, page 6

Gunnebo Group January – September

*Free cash flow from operating and investing activities, excluding acquisitions and divestments

January - September 2014 2013

Net Sales, MSEK 3,983 3,794

Operating Profit, excluding non-recurring, MSEK 218 173

Operating Margin, excl. non-recurring, % 5.5 4.5

Non-recurring items, MSEK 18 -54

Operating Profit (EBIT), MSEK 236 119

Operating Margin, (%) 5.9 3.1

Free cash flow, MSEK -48 -16

Net Profit, MSEK 139 54

*

© Gunnebo Security Group 23 October 2014, page 7

Region Europe, Middle East & Africa (EMEA)

July – September

Strong order intake in the quarter, especially in France, UK and Middle East

Reduction of cost base is continuing

Banque de France signs a major order for vaults and entrance security

New branch in Oman receives an order for electronic security and entrance security

Newgate International places a large order for vaults and SDLs with Gunnebo UK

Region % of Net Sales

Region Europe, Middle East & Africa

July-Sept Jan-Sept Full year

MSEK 2014 2013 2014 2013 2013

Order intake 838 758 2,816 2,678 3,558

Organic growth, % 5 1

Net sales 864 827 2,631 2,475 3,474

Organic growth, % 0 2

Operating profit/loss excl. non-recurring items 23 11 52 -9 47

Operating margin excl. non-recurring items, % 2.7 1.3 2.0 -0.4 1.4

Non-recurring items -4 -30 28 -48 -74

Operating profit/loss 19 -19 80 -57 -27

© Gunnebo Security Group 23 October 2014, page 8

Region Asia-Pacific (APAC)

Region % of Net Sales

July - September

Order intake of 1%, encouraging development in China

Net sales declined organically by 11% due to weak order intake in H1 in India and a strong quarter last year with several large projects delivered

Jilin Bank in China chooses Gunnebo’s automated SDL system

Tianwan Nuclear Power Station in China places an order for entrance security, strengthening Gunnebo’s position as a supplier of security solutions to high-risk sites

Sejong City Government in Korea once again chooses Gunnebo to supply entrance security solutions

Region Asia-Pacific

July-Sept Jan-Sept Full year

MSEK 2014 2013 2014 2013 2013

Order intake 272 255 762 777 1,043

Organic growth, % 1 2

Net sales 228 242 730 693 954

Organic growth, % -11 9

Operating profit/loss excl. non-recurring items 27 37 93 98 134

Operating margin excl. non-recurring items, % 11.8 15.3 12.7 14.1 14.0

Non-recurring items 0 -2 -6 -6 -8

Operating profit/loss 27 35 87 92 126

© Gunnebo Security Group 23 October 2014, page 9

Region Americas

July - September

Order intake and sales down, mainly related to a slow retail market in Brazil

Gunnebo receives a large order from a national bank in the US related to increased automation of customer reception area at 370 branches

Major Canadian airport places entrance security order

Gunnebo signs general agreement for delivery and servicing of cash handling systems

Gunnebo acquires Dissamex in Mexico

Region % of Net SalesRegion Americas

July-Sept Jan-Sept Full year

MSEK 2014 2013 2014 2013 2013

Order intake 221 235 589 746 913

Organic growth, % -12 -21

Net sales 222 245 622 626 843

Organic growth, % -14 0

Operating profit/loss excl. non-recurring items 32 45 73 84 125

Operating margin excl. non-recurring items, % 14.4 18.4 11.7 13.4 14.8

Non-recurring items -1 0 -4 0 -2

Operating profit/loss 31 45 69 84 123

© Gunnebo Security Group 23 October 2014, page 10

Organic Growth Development by Region July – September 2014

EMEA Asia-PacificAmericas

Orders: -12%Sales: -14%

Orders: 1% Sales: -11%

Orders: 5%Sales: 0%

© Gunnebo Security Group 23 October 2014, page 11

Organic Growth Development by Region January – September 2014

EMEA Asia-PacificAmericas

Orders: -21%Sales: 0%

Orders: 2% Sales: 9%

Orders: 1%Sales: 2%

© Gunnebo Security Group 23 October 2014, page 12

Outlook Market Trends

Europe, Middle East & Africa

Nordic

Central

South

United Kingdom & Ireland

France

Middle East

Africa

Asia-Pacific

India

China

Australia/New Zealand

South-East Asia

Americas

North America

Latin America

© Gunnebo Security Group 23 October 2014, page 13

FINANCIALSChristian Johansson

CFO

© Gunnebo Security Group 23 October 2014, page 14

Income Statement July – September

Summary Group income statement

MSEK 2014 2013

Net sales 1,314 1,314

Cost of goods sold -922 -908

Gross profit 392 406

Other operating costs, net -315 -345

Operating profit/loss 77 61

Net financial items -8 -8

Profit/loss after financial items 69 53

Taxes -33 -21

Profit/loss for the period 36 32

Gross margin, % 29.8 30.9

Operating margin, % 5.9 4.6

Operating profit excl. non-recurring items, MSEK 82 93

Operating profit excl. non-recurring items, % 6.2 7.1

Earnings per share, SEK 0.47 0.39

July-Sept

© Gunnebo Security Group 23 October 2014, page 15

Income Statement January – September

Summary Group income statement

MSEK 2014 2013

Net sales 3,983 3,794

Cost of goods sold -2,823 -2,653

Gross profit 1,160 1,141

Other operating costs, net -924 -1,022

Operating profit/loss 236 119

Net financial items -27 -24

Profit/loss after financial items 209 95

Taxes -70 -41

Profit/loss for the period 139 54

Gross margin, % 29.1 30.1

Operating margin, % 5.9 3.1

Operating profit excl. non-recurring items, MSEK 218 173

Operating profit excl. non-recurring items, % 5.5 4.5

Earnings per share, SEK 1.83 0.69

Jan-Sept

© Gunnebo Security Group 23 October 2014, page 16

Net Sales (MSEK)

© Gunnebo Security Group 23 October 2014, page 17

Net Sales Organic Growth Quarter vs Quarter (%)

© Gunnebo Security Group 23 October 2014, page 18

Operating Profit by Quarter (MSEK)

Operating Profit Operating Profit, excl. non-recurring items

Full yearOperating Profit

excl. non-recurring

items

2013: 3062012: 266

Operating Profit

2013: 2222012: 179

98 MSEK *

* Non-recurring items amounted to +43 MSEK in Q2

© Gunnebo Security Group 23 October 2014, page 19

Operating Margin by Quarter (%)

Operating Margin %, Quarter Operating Margin % Quarter, excl. non-recurring items

Operating Margin %, 12M Operating Margin % 12M, excl. non-recurring items

Full yearOperating Margin,

excl. non-recurring

items

2013: 5.82012: 5.1

Operating Margin

2013: 4.22012: 3.4

6.9% *

* Operating Margin,

excl. non-recurring

items

2014 Q2: 6.9

© Gunnebo Security Group 23 October 2014, page 20

Free Cash Flow by Quarter (MSEK)

Year End

2013: 1442012: 21

Free Cash Flow 12M

© Gunnebo Security Group 23 October 2014, page 21

Net Debt (MSEK)

© Gunnebo Security Group 23 October 2014, page 22

Financial Calendar

Financial Calendar

Year-end release 2014 February 4, 2015

Annual General Meeting 2015 April 15, 2015

Interim report January-March 2015 April 28, 2015

© Gunnebo Security Group 23 October 2014, page 23

Growth

Gross Margin Improvements

Fixed Cost Savings in Europe

Cash Flow

Key Priorities 2014

© Gunnebo Security Group 23 October 2014, page 24

Q&A

© Gunnebo Security Group 23 October 2014, page 25

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