Slide 1: Second-Quarter 2012 Earnings Conference Call
The Brink’s Company Second-Quarter 2012 Earnings Conference Call NYSE:BCO July 26, 2012 Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements 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 most recent SEC fili
Slide 3: The Brink's Company - Ed Cunningham
The Brink’s Company Ed Cunningham Director - Investor Relations and Corporate Communications
Slide 4: Highlights of Second-Quarter Non-GAAP Results
Highlights of Second-Quarter Non-GAAP Results • EPS $.40 vs $.35 • Revenue down 1%, 7% organic growth • Segment Margin 5.2% vs. 5.0% Note : See reconciliation to GAAP results in Appendix
Slide 5: The Brink's Company - Tom Schievelbein
The Brink’s Company Tom Schievelbein Chairman, President and Chief Executive Officer
Slide 6: Second-Quarter Overview
Second-Quarter Overview • Profit Growth in North America, Europe offset Latin America • 2012 outlook affirmed • Capex reduced • Pension funded with cash Note : See reconciliation to GAAP results in Appendix
Slide 7: Strategy
Strategy • Accelerate strategic execution, deliver near-term profit growth • Profit turnaround in North America and EMEA • Growth in Latin America; Mexico on track • Grow high-value solutions • Long-term goal: 10% segment margin Note : See reconciliation to GAAP results in Appendix
Slide 8: The Brink's Company - Joe Dziedzic, Review and Outlook
The Brink’s Company Joe Dziedzic Vice President and Chief Financial Officer Review and Outlook
Slide 9: 2Q12 Non-GAAP Results
Margin 5.0% 5.2% 2Q12 Non-GAAP Results ($ millions, except EPS) Segment Operating Profit Revenue EPS Note : See reconciliation to GAAP results in Appendix
Slide 10: Non-GAAP EPS: 2Q12 Versus 2Q11
Non-GAAP EPS: 2Q12 Versus 2Q11 Segment Operating Profit Non-Segment Expense Interest Expense, Net Non- Controlling Interest Tax Rate 2Q11 2Q12 Note : See reconciliation to GAAP results in Appendix Fx ($0.06) Ops $0.08 New CEO ($0.04) Other $0.02
Slide 11: Total Non-GAAP Segment Results and Outlook
Margin 5.0% 5.2% Total Non-GAAP Segment Results and Outlook ($ millions) 2Q12 Results 2012 Outlook — Maintained margin guidance at ~7% — 5% - 8% organic revenue growth — U.S. actions improve profitability — Europe operations stable to improving in a difficult environment — Continued strong Latin Ame
Slide 12: North America Non-GAAP Segment Results and Outlook
Margin 4.5% 5.7% North America Non-GAAP Segment Results and Outlook 2Q12 Results 2012 Outlook — Revenue down organically — Solid margin improvement — U.S. cost reductions/productivity offset price and volume pressure — First-half margin 4.6% versus 3.8% — Flat revenue in a difficult environment — U.
Slide 13: International Non-GAAP Segment Results and Outlook
Margin 5.1% 5.0% International Non-GAAP Segment Results and Outlook 2Q12 Results 2012 Outlook ($ millions) — Revenue Growth — Organic growth $77 — Currency down ($80) — Profit Growth — Organic growth $4 — Currency down ($5) — Profit decline in Latin America due to Venezuela — Profits up in EMEA on o
Slide 14: Non-GAAP Cash Flow, Capital Investment, and Net Debt
14 Non-GAAP Cash Flow, Capital Investment, and Net Debt ($ millions) (a) See reconciliation to GAAP results in Appendix Non-GAAP CFOA (a) $82 $101 North America International Capital Expenditures and Capital Leases Net Debt (a)
Slide 15: 2012 Outlook
Margin 6.3% ~7% 2012 Outlook ($ millions) Capital Deployment — Future pension contributions in cash — Capital Expenditures/Leases below 2011 (a) (a) See reconciliation to GAAP results in Appendix — Strong growth in Latin America — Slow/no growth in North America — Modest growth in Europe Revenue — S
Slide 16: Second-Quarter 2012 Earnings Conference Call
The Brink’s Company Second-Quarter 2012 Earnings Conference Call NYSE:BCO July 26, 2012
Slide 17: Appendix - Non-GAAP Reconciliations
Appendix - Non-GAAP Reconciliations
Slide 18: Non-GAAP Reconciliations - 2Q12
Non-GAAP Reconciliations - 2Q12 GAAP Basis Gain on Acquisitions and Dispositions (a) Employee Benefit Settlement Losses (b) U.S. Retirement Plans (c) Tax Benefit on Change in Health Care Funding Strategy (d) Adjust Income Tax Rate (e) Non- GAAP Basis Second Quarter 2012 Operating profit: Internation
Slide 19: Non-GAAP Reconciliations - 2Q11
Non-GAAP Reconciliations -2Q11 GAAP Basis Gains on Acquisitions and Dispositions (a) Belgium Settlement Charge (b) Employee Benefit Settlement Losses (c) U.S. Retirement Plans (d) Adjust Income Tax Rate (e) Non-GAAP Basis Operating profit: North America 10.4 - - - 0.8 - 11.2 Segment operating profit
Slide 20: Full Year 2011 Operating Profit and EPS Adjustments
Full Year 2011 Operating Profit EPS Sale of U.S. Document Destruction business $ (6.7) (0.09) Gains on available-for-sale equity and debt securities - (0.05) Acquisition of controlling interests (2.5) (0.05) Sale of former operating assets (0.5) (0.01) $ (9.7) (0.20) (b) To eliminate settlement char
Slide 21: Non-GAAP Cash Flows from Operating Activities Reconciled to GAAP
NON-GAAP CASH FLOWS FROM OPERATING ACTIVITIES - RECONCILED TO AMOUNTS REPORTED UNDER U.S. GAAP First Half 2012 2011 Decrease in certain customer obligations (a) 20.4 10.2 Discontinued operations (b) - (1.2) Cash flows from operating activities - Non-GAAP $ 50.7 $ 78.3 Non-GAAP Reconciliations - Cash
Slide 22: Net Debt Reconciled to GAAP
NET DEBT RECONCILED TO GAAP June 30, December 31, 2012 2011 Debt: Long-term 368.3 364.0 Cash and cash equivalents 126.9 182.9 Less amounts held by cash logistics operations (a) (5.7) (25.1) Cash and cash equivalents available for general corporate purposes 121.2 157.8 Net Debt $ 284.6 231.6 (a) Titl