Results Presentation Q1 2017 Madrid, 26 de Abril 2017 Cash in the media

Amazon launches new cash Service

EEUU, 19/04/2017

Amazon recently launched "Amazon Cash", a service that allows customers to load cash on their online account instead of linking it to a bankcard. With this new offer,

Amazon aims to give access to its services to people who do not own a bank account or are not used to digital payments. According to the Federal Deposit Insurance Corporation (FDIC), about 27% of Americans are unbanked.

Amazon Cash will be available at various retailersacross the US including CVS Pharmacy, Speedway and Family Fare Supermarkets. To load money on their account, customers simply need to show a barcode to the cashier - printed or in their smartphone - and choose the amount they want to add. Up to $500 can be charged at a time. The uploaded funds are available for online purchases instantly, without a fee.

Source: amazon.com

Three quarters of euro area payments are made in cash

EUROPE, 06/04/2017

Speaking on the occasion of the launch of the new € 50 banknote, Mario Draghi, President of the European Central Bank stated "Though electronic payments are becoming more popular, cash is still our most important means of payment. A soon-to- be-published survey on cash use, carried out on behalf of the ECB, shows that over three-quarters of all payments at points-of-sale in the euro area are made in cash. In terms of transaction values, that's slightly more than half. So even in this digital age, cash remains essential in our Economy."

The estimate is based on comprehensive research by the European Central Bank and the National Central Banks of the euro area and exceeds previous estimates. The Cash Report published by G4S estimated that 60% of all payment transactions were settled in cash, in 2015, throughout the 28 Members States of the European Union.

The importance of cash as a payment instrument is reflected in the increase in demand. "And this is particularly the case for the €50 note, which is our most important denomination. There are more than 9 billion of them in circulation, accounting for 46% of all euro banknotes. That's more than the total number of banknotes issued at the

Cash usage rebounds as digital modes slide

INDIA, 12/04/2017

time of the euro cash introduction in 2002." said Mario Draghi.

Source: ECB

ATM use may reach pre-note ban level

Cash withdrawals from automated teller machines (ATMs) have further increased in February 2017 to Rs. 1.93 lakh crore from Rs. 1.52 lakh crore in January, data from Reserve Bank of India (RBI) showed, and is on track to reach the pre-demonetisation levels.

Following the withdrawal of high-value currency notes from Nov. 9, 2016, cash withdrawals from ATMs almost halved in that month as compared with October and further dipped in December. At the same time, use of debit cards on point-of-sale terminals more than doubled to Rs. 58,031 crore in December from the October levels.

Source: thehindu.com

The German government justifies the existence of cash

ALEMANIA, 06/04/2017

Central banks, according to the report, would not save costs with the abolition of cash. "The issuance of cash, with the exception of the one cent coin, brings benefits to the ECB,"

"Increased use of electronic payment possibilities, according to the report, should be left to market players and their intervention would only be justified if there were serious distortions. On the other hand, the abolition of cash to combat the underground economy is "disproportionate ", The economists point out.

Source: bmwi.de

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CASH

Highlights of the quarter

Sales increased 25%,with

organic growth of 16%

EBIT improvedin both

absolute and relative figures

Net debt reduced by €191 Mnversus December 2016

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CASH

Consolidated Growth

Million Euros

Total Sales Total New Products

16,2%

+25%

1,4%

7,8%

487

+56%

39

388 25

Q1 16

Org

Inorg

FX Q1 17

Q1 16

Q1 17

  • Double-digit organic growth benefited bynon-recurring impacts in different geographies

    % sales

    6% 8%

  • Bolt-on acquisitions in Australia

  • Positive currency effect in almost all our geographies, adding extra growth

  • New products gaining momentum increasing its

weight within our product mix

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CASH

Prosegur Cash SA published this content on 05 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 May 2017 08:39:19 UTC.

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