Santiago GalazDivisional President Security Services North America

Investor Day 2016

The Leader in Protective Services

1

Market Leader in North America

MSEK 8 253 MSEK 435

Sales Operating income

Share of Group January-March 2016

40% 44%

• Protective services in the US, Canada and Mexico comprising 13 business units

• 108,000 employees

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US Market Evolution

Security Guards (k) Outsource

Producer Price Index Annual Change Percentage

Total Number of Security Guards & Outsource Percentage

0.0

0.5

1.0

1.5

2.0

2.5

2006 2007 2008 2009 2010 2011 2012 2013 2014 201552%

53%

54%

55%

56%

57%

58%

59%

60%

850

900

950

1,000

1,050

1,100

1,150

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

A solid 3 to 4% market growthInvestor Day 2016, Santiago Galaz 3

Industry Consolidation Creating Opportunities

Guarding

• Universal acquired Guardsmark (2015)

• AlliedBarton will merge with Universal Services of America to create AlliedUniversal (2016)

Electronic Security

• Tyco IS being acquired by Johnson Controls (JCI) (2016)

• Apollo Investment acquired Protection One & ASG (2015) and ADT (2016)

• Stanley Security pending of Stanley Black & Decker decision

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Electronic Security

Fire & Safety

Corporate Risk Management

On-site Guarding

Mobile Guarding

Remote Guarding

Specialization in Each is Key

The Leader in Protective Services

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Electronic Security Acquisition: A Necessary Step in our Journey

We found what we were looking for:

• US & Canada national coverage, coast-to-coast with high quality service levels

• Full spectrum of electronic security capabilities from design to build and integrate, install, monitoring and service delivery

• Strong service organization focusing on recurring and repeat revenue

• Solid brand reputation and a strong focus on long term customer relationships

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Not a cost synergy acquisition

Acquisition Considerations

• Protect Sales speed

• Respect Production processes

• Improve Back-office

• Leverage commercial synergies

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Protect Team & Strategy

All ES Production in SES

Cross selling I

Cross selling II

Bundling

Day One

Closing

TSA Migration

Standing Up

Signing

Integrating into Securitas

Separating from Diebold

Two Simultaneous Processes

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A Senior Team with ES industry expertise and strong team dynamics

Electronic Security Executive Management Team

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ES Field Operations

Sub-Contractor LocationsADI Locations

ES Sales

Center of ExcellenceDisaster RecoveryMonitoring CentersESHQ

Over 1,100 dedicated ES associates and extensive partner network

Coast to Coast Coverage

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Four Direct Sales Channels Plus Securitas

• National Financial

• Regional Financial

• Commercial National Accounts

• Commercial Enterprise

• Securitas

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~$9BTotal Addressable

Market

Source: IMS Research, SDM, Imperial Capital & Management Estimates

North America Market Size & Segmentation

Size ($ Billions) Customer Markets Security Providers

~6.4 Enterprise Integration 1,000 local integrators

~3.7 National and Regional Accounts Handful of competitors

~6.4 Local Commercial 10,000 local providers

~2 Custom Residential 10,000 local providers

~1.8 Mass Market Small Business 10,000 local providers

~5 Mass Market Residential 10,000 local providers

SES Value Proposition Plays well to Multi-site, Large Businesses

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Securitas ES – Target Customer Profiles

Enterprise CustomerIconic site with complex integrated security

• Sophisticated solutions including video analytics, biometrics, mobile access & situational awareness intelligence

National CustomerFinancial company with 3000+ branches

• Programmatic security program with video refresh plan, security management platform & embedded alarm monitoring personnel

National Enterprise & Alarm CustomerTelecom company with corporate campus, regional centers & 1000+ retail stores

• Networked security solutions including video, access, intrusion alarm & embedded personnel

Regional CustomerSpecialty retail company with 500+ stores

• Comprehensive security solutions including intrusion, fire, video, alarm monitoring & online security management services

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x

Realizing the Commercial Synergies

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Takingthe next stepof our journey

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