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Niscayah Belgium
  Company Presentation




                         Name/Department/Subject | 2011-11-16 | 1
Niscayah Group
                                         Niscayah is the leader in
                                          technical security in
                                          Europe and the US.

                                         15 countries

                                         Sales of SEK 6.6 billion in
                                          2010, Operational profit
                                          (EBITA) MSEK 4051

                                         Market capitalisation
                                          approximately SEK 4.5
                                          billion

                                         Total number of
                                          employees around 5100.

                                         Part of
1 Exklusive jämförelsestörande poster
    ¹Excluding restructuring costs        since Sep 2011


                                                                        2
About Stanley Black & Decker


• World’s largest & most profitable tools & security company
• $10 Billion USD Revenues
   - $7+ Billion Revenue Growth Since 2002
• $1 Billion+ Annual Cash Flow
• 40,000+ Associates Worldwide Listed on NYSE (SWK)
• Cash dividend paid to Shareholders consecutively for 134 years
• Outperformed the S&P Index on a 3, 5, and 10 year basis
• 46% of revenues outside of U.S.A.
• Founded in 1843 by Frederick T. Stanley
Values: the 7 Leadership Qualities

Accountability    These 7 Leadership Qualities      Integrity
 say what you
 do & do what                  are                  doing the
                    the fundamental operating      right thing,
   you say.
                                                     always
                            behaviors
                  that represent the way we do
    Vision                  business
                   at Stanley Black & Decker.       Respect
Keep it simple,
                                                 Embrace open,
  focused &
                                                 honest & candid
  energized
                                                    dialogue


     Stretch
    reaching             Boundaryless               Speed
   outside your          it’s never ‘Not             with
  comfort zone.               my job’              accuracy
Stanley Black & Decker: 3 segments

Construction & Do-It-                Industrial                         Security
Yourself (CDIY)
                                 •     Industrial & Automotive Repair   •   Mechanical Access Solutions (MAS)
 •   Power Tools & Accessories   •     Engineered Fastening             •   Convergent Security Solutions (CSS)
 •   Hand Tools & Storage        •     Infrastructure Solutions         •   Stanley Access Technologies
 •   Home & Outdoor Products




And Some of the World’s Most Recognized Names:




                                                                              Name/Department/Subject | 2011-11-16 | 5
A Diversified Global Leader: revenue split



                Security $2.1B (*)
                 • Mechanical Access Solutions
                 • Convergent Security Solutions

                                                   CDIY $4.5B
                                                    • Power Tools &
                                                      Accessories
          Industrial $1.8B                          • Hand Tools & Storage
           • Industrial & Automotive Repair         • Pfister Plumbing
           • Engineered Fastening
           • Infrastructure Solutions




                                                                         (*) without Niscayah
Stanley Security Solutions

                                                     Stanley
                                                 Black & Decker



                                     Stanley
                                    Security         CDIY         Industrial
                                    Solutions



                Convergent          Mechanical      Stanley
                 Security             Access        Access
                 Solutions           Solutions    Technologies




       Direct            Indirect
A Walk Through time...
Stanley Security Solutions: fastest growing security company

  MECHANICAL ACCESS SOLUTIONS               CONVERGENT SECURITY SOLUTIONS
  (MAS)                                     (CSS)
   •   Commercial Hardware                  •   Systems Integration
   •   Residential Hardware                 •   Monitoring
   •   Automatic Doors                      •   Intrusion, Fire and Access Control



              Mechanical Security                   Electronic Security

                                                                          $2.1B
                                    30% CAGR



       $0.2B

       2001              2003          2005           2007                2010
               A $3 Billion Segment with the Inclusion of Niscayah
Mechanical Access Solutions

                                                   Stanley
                                               Black & Decker



                                   Stanley
                                  Security         CDIY         Industrial
                                  Solutions



              Convergent          Mechanical      Stanley
               Security             Access        Access
               Solutions           Solutions    Technologies




     Direct            Indirect
Mechanical Access Solutions: Overview
Convergent Security Solutions

                                                   Stanley
                                               Black & Decker



                                   Stanley
                                  Security         CDIY         Industrial
                                  Solutions



              Convergent          Mechanical      Stanley
               Security             Access        Access
               Solutions           Solutions    Technologies




     Direct            Indirect
Convergent Security Solutions - CSS



        Convergent Security (CSS) YTD

                        Australia     CSS
                                                           • $873M annual revenues
                          $6M       Indirect
                                                              • 110+ global offices
2011 Revenue




                                     $12M


                                                             • 8 monitoring centers
               Europe
               $165M
                                                              • 3,800+ employees
                                               NAmerica
                                                & UKD
                                                               • 415K+ customers
                                                $315M
                                                          • 3%+ global market share




                                                                        Figures without Niscayah
Convergent Security Solutions - CSS


       Branding          Electronic             Monitoring
                      Security Systems
                     • Access Control       • 24-Hour UL & FM
                     • CCTV/Video             Approved
                                              Monitoring
                     • Intrusion Alarms
                                            • Video Monitoring
                     • Sonitrol Advanced      Services
                       Audio Impact
                       Systems              • Online, Real-Time
                                              eServices
                     • Fire Alarms & Life
                       Safety Systems
                     • Integrated &
                       Enterprise
                       Solutions
CSS: Overview


                                                                               CSS France
CSS North America                          CSS UK                       Formed through acquisition of 2
        US & Canada                   UK & Northern Ireland            major companies: GdP in 2008 and
                                                                             SdS (ex ADT) in 2010



2010 revenue: represented > half
                                       2010 revenue: +- 50M$                  2010 revenue : +-100M$
 of the CSS revenue +- 300M$




    ~1,900 total employees              ~250 total employees                  ~1,600 total employees



    Over 70 total locations                  6 locations
                                                                                    39 locations
branch network providing broad        branch network providing
                                                                           covering entire French territory
     geographic coverage            complete geographic coverage


                                    A Grade 2 certified monitoring
     3 monitoring centers                                                       4 monitoring centers
                                   center in Swindon with Sonitrol,
   (Minneapolis, Santa Ana,
                                   Conventional & Video capability -         (Paris (2), Lyon, Marseille)
         Baltimore)
                                      build completed Nov 2010




                                                                              Name/Department/Subject | 2011-11-16 | 15
CSS: Overview



                             GDP Belgium
                   Through acquisition of GDP France in 2008


                    ~30 employees in Belgium

         1 location, covering mainly Brussels and Wallonia

            Mainly active in the SMB business & retail

                         Fee / month model




                                                               Name/Department/Subject | 2011-11-16 | 16
Stanley Black & Decker Belgium (Headcount: 326)
                                                                  Location Mechelen: 170 employees
Location Sint-Martens-Latem: 3 employees                            (76 white collar/94 blue collar)
               (ScanModul)
       (2 white collar/1 blue collar)                                                                  Location Tesenderlo new warehouse
        location closes 1 Nov 2011                                                                                 to be build


                                                                                                                    Location Aarschot: 53 employees
                                                                                                                     (16 white collar/37 blue collar)




                                                                                                                           Location Tongeren:13 employees
                                                                                                                                    (all white collar)




     Location: Diegem EHQ: 55 employees
                (all white collar)




                             Location Evere: (GDP) 32 employees
                                        (all white collar)




                                                                                        Niscayah offices
                                                                                          (Mechelen)
SSS Differentiator: Comprehensive Security Solutions




                                          Name/Department/Subject | 2011-11-16 | 18
Five Customer Touch Points
                                                  • Responsive and professional
                                                    account management
  • Accurate, detailed,                           • System design support
    and timely billing
                                        Account
  • Easy-to-understand
                                         Mgmt
    format
                                                                         • On-time and
                                                                           on-budget
                        Billing                           Install-       • Proactive project
                                                           ation           management
                                    Customer
                                   Touchpoints


• Disciplined and
  professional                                       Service         • Prompt and thorough
  monitoring services      Monitoring                                  repairs and inspections
                                                                     • Accurate scheduling and
                                                                       communication
Niscayah Strategic Rationale

                        Stanley Security Solutions
   Convergent                     Stanley Access       Mechanical Access       Mechanical Access
Security Solutions   Niscayah      Technologies       Solutions Residential   Solutions Commercial
      (CSS)                           (SAT)            (MAS Residential)       (MAS Commercial)


                                • Niscayah provides geographic diversification and broader
  Creates Global Electronic       regional scale to electronic security platform
      Security Platform

   Builds Scale in Important    • Acquisition strengthens positions in North America, UK and
      European Markets            France and brings strong Nordic and pan-European
                                  presence
    Serves Complementary        • Niscayah strength in Financial, Government, Healthcare and
     Customer Segments            Retail positions. CSS strength in SMB market & retail.


 Leverages Key Capabilities     • Niscayah strength in project business complemented by CSS
  (Projects and Monitoring)       monitoring capabilities and ‘monthly fee’ model


      Substantial Synergy       • Synergy opportunities exist for our suppliers base and expand
        Opportunities             global customer relationships
Vision : To be the global leader for access and security solutions


Addressable
  Market




                                                   Name/Department/Subject | 2011-11-16 | 21
What’s in it for our customers?


  Your Niscayah contacts remain the same.
  Take-over by SBD offers more financial stability than already provided
  by Niscayah.
  Even more elaborate geographical and international presence.
  Tighter supplier relationships.




                                                 A Truly Global Security
                                                       Enterprise




                                                      Name/Department/Subject | 2011-11-16 | 22
Niscayah Stanley Security Solutions : in figures




      SWK
    on NYSE                       1800                15            6780
                               Sales (MEUR)          Countries        Employees




         45B€                                 5%
   Market share for integrated
security solutions and installations
                                       Expected yearly growth     N°1 WW
               (EUR)                       of the market         Market share(6%)




                                                                       Presentation Niscayah Belgium | 23
Niscayah Stanley Belgium: History



                                                                                                                2011

              2000                    2001                    2004                        2008


    JW                 Belgacom                                      Securitas
Electronics                                   Alert Systems
                     Alert Services                                  Systems
  (1985)




                                      2001                2003                   2005




                                        Baron          Prosecco        Elmaco
                                      Electronics      Electronic        Fire
                                                        Security      Detection




                                                                                        Name/Department/Subject | 2011-11-16 | 24
Niscayah Stanley Belgium: in figures




      SWK
    on NYSE                        17.5             1 of   15       125
                               Sales (MEUR)          Countries      Employees




      500M€                                   5%
   Market share for integrated
security solutions and installations
                                       Expected yearly growth    Top 5
               (EUR)                       of the market         Market share




                                                                     Presentation Niscayah Belgium | 25
Niscayah Belgium: Vision




                           Name/Department/Subject | 2011-11-16 | 26
Strategy: Focus on customer segments
We are a security solutions provider for


                                                                               Retail


                                             Logistics & Industry


                                           Government & Utilities


                                                                        Banking



                                               Name/Department/Subject | 2011-11-16 | 27
Strategy: Solution Vision


1. Offer Best of security   2. Improve ROI with        3. Create business value
                              services
 Intrusion                                             Use security equipment to
                             Monitoring center with     develop knowledge of our
 Access control              advance services           customers business,
 Video                      Example :
                                                         improve theire efficiency
                                                         and increase theire profits
 Alarm monitoring               Remote guard tour      (marketing analytics)
                                 Image retrieval
                                 Video Verification




                                                          Name/Department/Subject | 2011-11-16 | 28
Strategy: Solutions Packaging
             Trends in security solutions environment


         Past/Current           Current/Future


                                                          Specialist in electronical
             Electronics                   IT
                                                          & IT solutions & services


             Short Term         Long term partnerships        Security Partner


                                                          Solutions & services per
              Products            Solutions & Services
                                                                  segment


          Different systems           Integration                 Integrator


               National          Cross border solutions      International player


                                                          Interesting supplier deals
          Different suppliers    Consolidated suppliers
                                                                 & continuity




                                                                  Name/Department/Subject | 2011-11-16 | 29
Strategy: Solutions Packaging

             Card readers, badges, face recognition, speedgates, road blocks, …




 Video management systems, recording systems, video content analyses, cctv, analog & digital
images, license plate recognition, video transmission, remote technologies, people counting, …




             Control of elevators, heating, lockers, CCTV, access posibilities, ...




                       Fire detection, gas detection, air sampling, …


                                                                         Name/Department/Subject | 2011-11-16 | 30
In partnership with….




                        Name/Department/Subject | 2011-11-16 | 31
Strategy: Common Operational Model



        International
                                  National meaning
          meaning
        Central co-ordination            Flexibility in
         through Niscayah           operations: trained &
              Belgium                skilled technicians

       Unified project rollout     The same technician
       through all countries       is able to install and
              involved                   to service

        Overall planning and
                                     Dedicated project
       co-ordination amongst
                                      management
        all different countries




                                                   Name/Department/Subject | 2011-11-16 | 32
Strategy: Common Operational Model
 Implementation                      System                     System
                                   Management                  Operations
 Project Management                     Service Desk
                                                                 Monitoring
    Project Leaders               Dedicated Service
                                       (SLA)                  Remote Services
  Installation Teams
                                        Field Service
                                        Management

                                         IT Support
Retail / Gas Stations / Transport / Industry / Government / Utilities / Bank & Post




       Analysis                                  System       System
      and Design       Implementation                        Operation
                                               Management




                                                                     Presentation Niscayah Belgium | 33
Why Niscayah
                 •Global security provider.
                 •Registered intrusion protection company.
                 •Core business = security integration & service.
                 •Part of strong financial group.
                 •Industry renomated partners.
                 •Tight supplier relationships thanks to group contracts.
                 •Segmented solutions & services.
                 •Tailormade solutions & services.
                 •Knowledge based company.
                 •Installation & service capacity in house.


               Certifications:




                                                Name/Department/Subject | 2011-11-16 | 34
Name/Department/Subject | 2011-11-16 | 35

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Company Presentation Niscayah Belgium

  • 1. Niscayah Belgium Company Presentation Name/Department/Subject | 2011-11-16 | 1
  • 2. Niscayah Group  Niscayah is the leader in technical security in Europe and the US.  15 countries  Sales of SEK 6.6 billion in 2010, Operational profit (EBITA) MSEK 4051  Market capitalisation approximately SEK 4.5 billion  Total number of employees around 5100.  Part of 1 Exklusive jämförelsestörande poster ¹Excluding restructuring costs since Sep 2011 2
  • 3. About Stanley Black & Decker • World’s largest & most profitable tools & security company • $10 Billion USD Revenues - $7+ Billion Revenue Growth Since 2002 • $1 Billion+ Annual Cash Flow • 40,000+ Associates Worldwide Listed on NYSE (SWK) • Cash dividend paid to Shareholders consecutively for 134 years • Outperformed the S&P Index on a 3, 5, and 10 year basis • 46% of revenues outside of U.S.A. • Founded in 1843 by Frederick T. Stanley
  • 4. Values: the 7 Leadership Qualities Accountability These 7 Leadership Qualities Integrity say what you do & do what are doing the the fundamental operating right thing, you say. always behaviors that represent the way we do Vision business at Stanley Black & Decker. Respect Keep it simple, Embrace open, focused & honest & candid energized dialogue Stretch reaching Boundaryless Speed outside your it’s never ‘Not with comfort zone. my job’ accuracy
  • 5. Stanley Black & Decker: 3 segments Construction & Do-It- Industrial Security Yourself (CDIY) • Industrial & Automotive Repair • Mechanical Access Solutions (MAS) • Power Tools & Accessories • Engineered Fastening • Convergent Security Solutions (CSS) • Hand Tools & Storage • Infrastructure Solutions • Stanley Access Technologies • Home & Outdoor Products And Some of the World’s Most Recognized Names: Name/Department/Subject | 2011-11-16 | 5
  • 6. A Diversified Global Leader: revenue split Security $2.1B (*) • Mechanical Access Solutions • Convergent Security Solutions CDIY $4.5B • Power Tools & Accessories Industrial $1.8B • Hand Tools & Storage • Industrial & Automotive Repair • Pfister Plumbing • Engineered Fastening • Infrastructure Solutions (*) without Niscayah
  • 7. Stanley Security Solutions Stanley Black & Decker Stanley Security CDIY Industrial Solutions Convergent Mechanical Stanley Security Access Access Solutions Solutions Technologies Direct Indirect
  • 8. A Walk Through time...
  • 9. Stanley Security Solutions: fastest growing security company MECHANICAL ACCESS SOLUTIONS CONVERGENT SECURITY SOLUTIONS (MAS) (CSS) • Commercial Hardware • Systems Integration • Residential Hardware • Monitoring • Automatic Doors • Intrusion, Fire and Access Control Mechanical Security Electronic Security $2.1B 30% CAGR $0.2B 2001 2003 2005 2007 2010 A $3 Billion Segment with the Inclusion of Niscayah
  • 10. Mechanical Access Solutions Stanley Black & Decker Stanley Security CDIY Industrial Solutions Convergent Mechanical Stanley Security Access Access Solutions Solutions Technologies Direct Indirect
  • 12. Convergent Security Solutions Stanley Black & Decker Stanley Security CDIY Industrial Solutions Convergent Mechanical Stanley Security Access Access Solutions Solutions Technologies Direct Indirect
  • 13. Convergent Security Solutions - CSS Convergent Security (CSS) YTD Australia CSS • $873M annual revenues $6M Indirect • 110+ global offices 2011 Revenue $12M • 8 monitoring centers Europe $165M • 3,800+ employees NAmerica & UKD • 415K+ customers $315M • 3%+ global market share Figures without Niscayah
  • 14. Convergent Security Solutions - CSS Branding Electronic Monitoring Security Systems • Access Control • 24-Hour UL & FM • CCTV/Video Approved Monitoring • Intrusion Alarms • Video Monitoring • Sonitrol Advanced Services Audio Impact Systems • Online, Real-Time eServices • Fire Alarms & Life Safety Systems • Integrated & Enterprise Solutions
  • 15. CSS: Overview CSS France CSS North America CSS UK Formed through acquisition of 2 US & Canada UK & Northern Ireland major companies: GdP in 2008 and SdS (ex ADT) in 2010 2010 revenue: represented > half 2010 revenue: +- 50M$ 2010 revenue : +-100M$ of the CSS revenue +- 300M$ ~1,900 total employees ~250 total employees ~1,600 total employees Over 70 total locations 6 locations 39 locations branch network providing broad branch network providing covering entire French territory geographic coverage complete geographic coverage A Grade 2 certified monitoring 3 monitoring centers 4 monitoring centers center in Swindon with Sonitrol, (Minneapolis, Santa Ana, Conventional & Video capability - (Paris (2), Lyon, Marseille) Baltimore) build completed Nov 2010 Name/Department/Subject | 2011-11-16 | 15
  • 16. CSS: Overview GDP Belgium Through acquisition of GDP France in 2008 ~30 employees in Belgium 1 location, covering mainly Brussels and Wallonia Mainly active in the SMB business & retail Fee / month model Name/Department/Subject | 2011-11-16 | 16
  • 17. Stanley Black & Decker Belgium (Headcount: 326) Location Mechelen: 170 employees Location Sint-Martens-Latem: 3 employees (76 white collar/94 blue collar) (ScanModul) (2 white collar/1 blue collar) Location Tesenderlo new warehouse location closes 1 Nov 2011 to be build Location Aarschot: 53 employees (16 white collar/37 blue collar) Location Tongeren:13 employees (all white collar) Location: Diegem EHQ: 55 employees (all white collar) Location Evere: (GDP) 32 employees (all white collar) Niscayah offices (Mechelen)
  • 18. SSS Differentiator: Comprehensive Security Solutions Name/Department/Subject | 2011-11-16 | 18
  • 19. Five Customer Touch Points • Responsive and professional account management • Accurate, detailed, • System design support and timely billing Account • Easy-to-understand Mgmt format • On-time and on-budget Billing Install- • Proactive project ation management Customer Touchpoints • Disciplined and professional Service • Prompt and thorough monitoring services Monitoring repairs and inspections • Accurate scheduling and communication
  • 20. Niscayah Strategic Rationale Stanley Security Solutions Convergent Stanley Access Mechanical Access Mechanical Access Security Solutions Niscayah Technologies Solutions Residential Solutions Commercial (CSS) (SAT) (MAS Residential) (MAS Commercial) • Niscayah provides geographic diversification and broader Creates Global Electronic regional scale to electronic security platform Security Platform Builds Scale in Important • Acquisition strengthens positions in North America, UK and European Markets France and brings strong Nordic and pan-European presence Serves Complementary • Niscayah strength in Financial, Government, Healthcare and Customer Segments Retail positions. CSS strength in SMB market & retail. Leverages Key Capabilities • Niscayah strength in project business complemented by CSS (Projects and Monitoring) monitoring capabilities and ‘monthly fee’ model Substantial Synergy • Synergy opportunities exist for our suppliers base and expand Opportunities global customer relationships
  • 21. Vision : To be the global leader for access and security solutions Addressable Market Name/Department/Subject | 2011-11-16 | 21
  • 22. What’s in it for our customers? Your Niscayah contacts remain the same. Take-over by SBD offers more financial stability than already provided by Niscayah. Even more elaborate geographical and international presence. Tighter supplier relationships. A Truly Global Security Enterprise Name/Department/Subject | 2011-11-16 | 22
  • 23. Niscayah Stanley Security Solutions : in figures SWK on NYSE 1800 15 6780 Sales (MEUR) Countries Employees 45B€ 5% Market share for integrated security solutions and installations Expected yearly growth N°1 WW (EUR) of the market Market share(6%) Presentation Niscayah Belgium | 23
  • 24. Niscayah Stanley Belgium: History 2011 2000 2001 2004 2008 JW Belgacom Securitas Electronics Alert Systems Alert Services Systems (1985) 2001 2003 2005 Baron Prosecco Elmaco Electronics Electronic Fire Security Detection Name/Department/Subject | 2011-11-16 | 24
  • 25. Niscayah Stanley Belgium: in figures SWK on NYSE 17.5 1 of 15 125 Sales (MEUR) Countries Employees 500M€ 5% Market share for integrated security solutions and installations Expected yearly growth Top 5 (EUR) of the market Market share Presentation Niscayah Belgium | 25
  • 26. Niscayah Belgium: Vision Name/Department/Subject | 2011-11-16 | 26
  • 27. Strategy: Focus on customer segments We are a security solutions provider for Retail Logistics & Industry Government & Utilities Banking Name/Department/Subject | 2011-11-16 | 27
  • 28. Strategy: Solution Vision 1. Offer Best of security 2. Improve ROI with 3. Create business value services  Intrusion  Use security equipment to  Monitoring center with develop knowledge of our  Access control advance services customers business,  Video  Example : improve theire efficiency and increase theire profits  Alarm monitoring  Remote guard tour (marketing analytics)  Image retrieval  Video Verification Name/Department/Subject | 2011-11-16 | 28
  • 29. Strategy: Solutions Packaging Trends in security solutions environment Past/Current Current/Future Specialist in electronical Electronics IT & IT solutions & services Short Term Long term partnerships Security Partner Solutions & services per Products Solutions & Services segment Different systems Integration Integrator National Cross border solutions International player Interesting supplier deals Different suppliers Consolidated suppliers & continuity Name/Department/Subject | 2011-11-16 | 29
  • 30. Strategy: Solutions Packaging Card readers, badges, face recognition, speedgates, road blocks, … Video management systems, recording systems, video content analyses, cctv, analog & digital images, license plate recognition, video transmission, remote technologies, people counting, … Control of elevators, heating, lockers, CCTV, access posibilities, ... Fire detection, gas detection, air sampling, … Name/Department/Subject | 2011-11-16 | 30
  • 31. In partnership with…. Name/Department/Subject | 2011-11-16 | 31
  • 32. Strategy: Common Operational Model International National meaning meaning Central co-ordination Flexibility in through Niscayah operations: trained & Belgium skilled technicians Unified project rollout The same technician through all countries is able to install and involved to service Overall planning and Dedicated project co-ordination amongst management all different countries Name/Department/Subject | 2011-11-16 | 32
  • 33. Strategy: Common Operational Model Implementation System System Management Operations Project Management Service Desk Monitoring Project Leaders Dedicated Service (SLA) Remote Services Installation Teams Field Service Management IT Support Retail / Gas Stations / Transport / Industry / Government / Utilities / Bank & Post Analysis System System and Design Implementation Operation Management Presentation Niscayah Belgium | 33
  • 34. Why Niscayah •Global security provider. •Registered intrusion protection company. •Core business = security integration & service. •Part of strong financial group. •Industry renomated partners. •Tight supplier relationships thanks to group contracts. •Segmented solutions & services. •Tailormade solutions & services. •Knowledge based company. •Installation & service capacity in house. Certifications: Name/Department/Subject | 2011-11-16 | 34