Slide 1: The Brink's Company
The Brink’s Company NYSE: BCO March 17, 2015 Exhibit 99.1
Slide 2: Forward-Looking Statements and Non-GAAP Results
Forward-Looking Statements and Non-GAAP Results These materials contain forward-looking statements. Actual results could differ materially from projected or estimated results. Information regarding factors that could cause such differences is available in today's release and in The Brink’s Company’s
Slide 3: Company Overview
Company Overview
Slide 4: The world's premier provider of secure transportation and cash management services
The world’s premier provider of secure transportation and cash management services * 2014 Adjusted Non-GAAP Revenue $3.4B 2014 Adjusted Non-GAAP EPS $1.20 2014 Non-GAAP CFOA $208M Head Count ~64,000 Operations in 41 Countries Company Overview(a) Facilities ~1,100 Revenue ~80% International Vehicles
Slide 5: What We Do
What We Do 2014 Revenue = $3.4B Adjusted Non-GAAP Armored Transport Cash, coins, checks and other valuables; ATM services Global Infrastructure Supports Global Services and Cash Logistics Cash-in-Transit Global Services Secure long-distance transport of valuables Cash Logistics Money processing Vaul
Slide 6: 2014 Adjusted Non-GAAP Revenue and Operating Profit by Segment
2014 Adjusted Non-GAAP Revenue and Operating Profit by Segment(a) * Largest Markets Payment Services Global Markets Corporate Items Total Brink’s Revenue Operating Profit OP% 5% 12% (5%) 4.1% ($ millions) (a) See reconciliation to GAAP results and other information in Appendix. Adjusted non-GAAP res
Slide 7: 2014 Largest Markets Revenue and Operating Profit
2014 Largest 5 Markets Revenue and Operating Profit * United States Mexico France Canada Total Largest Markets Revenue Operating Profit OP% 3% 8% 3% 9% 7% 5% ($ millions) Brazil
Slide 8: 2014 Global Markets Adjusted Non-GAAP Revenue and Operating Profit
2014 Global Markets Adjusted Non-GAAP Revenue and Operating Profit (a) * EMEA Latin America Total Global Markets Revenue Operating Profit OP% 9% 13% 16% 12% ($ millions) Asia (a) See reconciliation to GAAP results and other information in Appendix. Adjusted non-GAAP results adjusted for Venezuelan r
Slide 9: Strategy
Strategy
Slide 10: Strategy
Strategy * To Be the World’s Leading Cash and Valuables Secure Supply Chain Provider Expand Our Offerings Move from transactional to value-based secure supply chain management Create Culture of Continuous Improvement Implement LEAN processes and drive centralization of support functions Live Our Val
Slide 11: Significant Actions Taken to Reshape Brink's
Significant Actions Taken to Reshape Brink’s * Exited Underperforming CIT Businesses Australia (2014) Germany (2013) Hungary (2013) Sold Non-Strategic Assets Select guarding operations: Morocco (2012), France (2013), Germany (2013) Threshold Technologies (2013) ICD – China (2013) Peru – minority pos
Slide 12: Financial Outlook
Financial Outlook
Slide 13: Adjusted Non-GAAP Revenue Trend
* Adjusted Non-GAAP Revenue Trend(a) Organic Growth Currency Organic Growth Currency Organic Growth ($ millions) (a) See reconciliation to GAAP results and other information in Appendix. Adjusted non-GAAP results adjusted for Venezuelan results at 50 bolivars per U.S. dollar
Slide 14: 2015 & 2016 Margin Rate Targets
* 2015 & 2016 Margin Rate Targets Prior Reporting Format Segment Non-Segment Operating Profit Margin 5.9% (1.3) 4.7% 5.4% (1.4) 4.1% 6.5 – 7.0% (1.4) 5.1 – 5.6% 8.0% (1.3) 6.7% Adjusted Non-GAAP Margin %(a) (a) See reconciliation to GAAP results and other information in Appendix. Adjusted non-GAAP r
Slide 15: Adjusted Non-GAAP EPS Outlook
* Adjusted Non-GAAP EPS Outlook(a) Operations Currency Operations Operations ($ millions) Currency Operations 2014 2015 2016 Currency 2014 2015 2013 2014 2015 Target 2016 Target 2013 Sub-Total 2016 Target (a) See reconciliation to GAAP results and other information in Appendix. Adjusted non-GAAP res
Slide 16: How We Get to 2016 Targets
How We Get to 2016 Targets * ($ millions, except EPS or as otherwise noted) (a) See information about reconciliation to GAAP results in Appendix. Adjusted non GAAP results adjusted for Venezuelan results at 50 bolivars per U.S. dollar. 2014 Adjusted Non-GAAP(a) $3,449 $140 4.1% U.S @ 6% 21 Mexico @
Slide 17: How We Achieve Our Profit Goals: Cost Savings
New Organization Structure 4 geographic units replaced with 2 operating units Eliminated regional roles and structures * How We Achieve Our Profit Goals: $45 - $50 Million Cost Savings Expected in 2015 ($ millions) Global Headcount Reductions Global reductions SG&A and operations Majority of 2015 sa
Slide 18: How We Achieve Our Profit Goals: Fix the U.S.
* How We Achieve Our Profit Goals: Fix the U.S. U.S. Operating Profit Margin Field Force Automation (% implemented) Deposit Imaging (% implemented) Route Logistics (% implemented) Centralized Billing (% implemented) Key Projects/Actions Route logistics Field force automation Centralized billing Head
Slide 19: How We Achieve Our Profit Goals: Fix Mexico
Standard Branch Structure (% implemented) * How We Achieve Our Profit Goals: Fix Mexico Mexico Operating Profit Margin CIT & ATM Efficiencies (% implemented) Finance Centralization % implemented Key Projects/Actions “Standard” branch structure CIT & ATM efficiencies Finance centralization Money proc
Slide 20: CapEx and Legacy Liabilities
CapEx and Legacy Liabilities
Slide 21: Reinvestment Ratio
Reinvestment Ratio ($ millions, except ratio) * Capex Spend Depreciation & Amortization $131 $159 $141 $156 $160
Slide 22: Legacy Liabilities – Underfunding – at December 31, 2014
Legacy Liabilities – Underfunding – at December 31, 2014 * ($ millions)
Slide 23: Pension prepayments and de-risking
Prepaid 2015 and 2016 pension payments in 3Q14 Accelerates de-risking of invested asset allocation Reduces PBGC premiums (current borrowing costs are lower than PBGC premiums) No future cash payments expected based on current actuarial assumptions Lump-sum pension payments made to eligible former em
Slide 24: Appendix
Appendix
Slide 25: Other Items Not Allocated to Segments: Venezuela
* Other Items Not Allocated to Segments FX devaluation in Venezuela The rate we use to remeasure operations in Venezuela declined 16% in February 2013 (from 5.3 to 6.3 bolivars to the U.S. dollar) and 88% in March 2014 (from 6.3 to 50 bolivars to the U.S. dollar). Expenses related to remeasured net
Slide 26: Other Items Not Allocated to Segments: Acquisitions and dispositions
* Other Items Not Allocated to Segments Acquisitions and dispositions Gains and losses related to acquisitions and dispositions that have not been allocated to segment results are described below: Brink’s sold an equity investment in a CIT business in Peru and recognized a $44.3 million gain in the
Slide 27: Adjusted Non-GAAP and Non-GAAP Reconciled to GAAP
* Adjusted Non-GAAP and Non-GAAP Reconciled to GAAP Amounts may not add due to rounding. See slide 29 for footnote explanations. 2013 2013 2013 2013 2013 2013 2013 2013 2013 2014 2014 2014 2014 2014 2014 2014 2014 2014 (In millions) (In millions) (In millions) (In millions) 1Q 2Q 3Q 4Q Full Year 1Q
Slide 28: Adjusted Non-GAAP and Non-GAAP Reconciled to GAAP
* Adjusted Non-GAAP and Non-GAAP Reconciled to GAAP 2013 2013 2013 2013 2013 2013 2013 2013 2013 2014 2014 2014 2014 2014 2014 2014 2014 2014 2014 (In millions, except for percentages and per share amounts) (In millions, except for percentages and per share amounts) (In millions, except for percenta
Slide 29: Adjusted Non-GAAP and Non-GAAP Reconciled to GAAP
* Adjusted Non-GAAP and Non-GAAP Reconciled to GAAP Amounts may not add due to rounding. From continuing operations. Effective March 24, 2014, Brink’s began remeasuring its Venezuelan operating results using currency exchange rates reported under a newly established currency exchange process in Vene
Slide 30: 2014 Non-GAAP Results Reconciled to GAAP under Previous Segmentation
* 2014 Non-GAAP Results Reconciled to GAAP under Previous Segmentation Additional explanations provided on slides 25-26. Latin North Asia Total Segment Non-Segment Total Operating (In millions) America EMEA America Pacific Profit (Loss) Non-Segment Profit (Loss) Fourth Quarter 2014 Fourth Quarter 20
Slide 31: Non-GAAP Results Reconciled to GAAP (2013)
* Additional explanations provided on slides 25-26. Amounts may not add due to rounding. Latin North Asia Total Segment Non-Segment Total Operating (In millions) America EMEA America Pacific Profit (Loss) Non-Segment Profit (Loss) Fourth Quarter 2013 Fourth Quarter 2013 GAAP GAAP $ 59.7 19.0 - 2.5 8
Slide 32: Non-GAAP Reconciliations – Cash Flows
* Non-GAAP Reconciliations – Cash Flows To eliminate the change in the balance of customer obligations related to cash received and processed in certain of our secure cash logistics operations. The title to this cash transfers to us for a short period of time. The cash is generally credited to custo
Slide 33: New Reporting Format Increases Transparency
New Reporting Format Increases Transparency * ($ millions) Adjusted Revenue Adjusted Operating Profit(a) North America $ 908 $ 22 Latin America 1,328 69 EMEA 1,074 77 Asia 139 19 3,449 187 Non-Segment -- (47) Total $3,449 $140 Segment Margin(a) 5.4% Operating Profit Margin(a) Operating Profit Margin
Slide 34: Fixing U.S. & Mexico To Drive Profit Growth
2014 Revenue % of Total Organic Growth vs. 2013 2014 Operating Profit(a) Margin %(a) United States $ 728 21 % - United States $ 23 3.1 % France 517 15 - France 39 7.6 Mexico 388 11 Mexico 10 2.5 Brazil 364 11 Brazil 34 9.4 Canada 180 5 - Canada 13 7.1 Latin America 479 14 Latin America 62 12.9 EMEA
Slide 35: 2015 Outlook and 2014 Adjusted Non-GAAP Results
2015 Outlook and 2014 Adjusted Non-GAAP Results(a)(b) * Unfavorable currency in Europe, Brazil, Colombia, Argentina, and Mexico Operating margin improvement driven by global cost actions and Mexico, Brazil, Argentina & U.S. EPS Outlook $1.20 $(0.35) $0.74-$0.94 $(0.04) 2014 Currency Op Profit Growth