Slide 1: Third-Quarter 2013 Earnings Conference Call
The Brink’s Company Third-Quarter 2013 Earnings Conference Call NYSE:BCO October 24, 2013 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 - Investor Relations
The Brink’s Company Ed Cunningham Director - Investor Relations
Slide 4: Highlights of Third-Quarter Results
Highlights of Third-Quarter Results GAAP EPS $.63 vs $.44 Non-GAAP Summary: • EPS $.69 vs $.58 • Segment margin 8.5% vs 6.8% • Revenue up 6% (9% organic growth) Note : See reconciliation to GAAP results in Appendix
Slide 5: The Brink's Company - CEO
The Brink’s Company Tom Schievelbein Chairman, President and Chief Executive Officer
Slide 6: CEO Overview
CEO Overview • Third Quarter • Full-Year Segment Margin Outlook • 6.5% to 7% in 2013 • ~ 7% in 2014
Slide 7: International Operations
International Operations • Latin America Profit Growth • Driven primarily by Venezuela • Mexico improvement on track • Europe - profits flat • Asia-Pacific - continued improvement
Slide 8: North America Plans
North America Plans • Reduce Labor and SG&A • Increase performing branches in the U.S. • Change revenue mix • Strengthen management team
Slide 9: North America: Performing Branches in U.S.
North America Performing Branches in U.S.
Slide 10: CEO Overview: 2016 Goal
CEO Overview 2016 Goal Note: High-Value Services includes Global Services and Cash Management Services. Cash Management Services includes money processing, vaulting, ATM management and CompuSafe® Service.
Slide 11: The Brink's Company - CEO
The Brink’s Company Tom Schievelbein Chairman, President and Chief Executive Officer
Slide 12: Review and Outlook
The Brink’s Company Joe Dziedzic Vice President and Chief Financial Officer Review and Outlook
Slide 13: 3Q13 Non-GAAP Results
3Q13 Non-GAAP Results ($ millions, except EPS) Note : See reconciliation to GAAP results in Appendix
Slide 14: Non-GAAP EPS: 3Q12 Versus 3Q13
Non-GAAP EPS: 3Q12 Versus 3Q13 Note : See reconciliation to GAAP results in Appendix
Slide 15: Non-GAAP Cash Flow, Capital Investment and Net Debt
15 Non-GAAP Cash Flow, Capital Investment and Net Debt ($ millions) (a) See reconciliation to GAAP results in Appendix (b) From continuing operations Capital Expenditures and Capital Leases (b) Non-GAAP CFOA (a) (b)
Slide 16: Capital Deployment
Capital Deployment — Future pension contributions in cash — 2013 Capital Expenditures/Leases flat to — Margin expansion offset by projected devaluation in Venezuela 2014 Segment Profit
Slide 17: Third-Quarter 2013 Earnings Conference Call
The Brink’s Company Third-Quarter 2013 Earnings Conference Call NYSE:BCO October 24, 2013
Slide 18: Appendix
Appendix
Slide 19: Estimated Contributions to U.S. Plans; Legacy Liabilities
Estimated Contributions to U.S. Plans 2012A 2013 2014 2015 2016 2017 US Pension $ 37 14 29 42 44 38 UMWA 0 0 0 0 0 0 Black Lung/Other 7 7 5 5 4 4 Total $ 44 21 34 46 49 42 Legacy Liabilities at December 31, 2012 ($ millions) $275 Under- funding Under- funding $ 257 Note: Above amounts based on actua
Slide 20: 3Q13 Non-GAAP Segment Results
3Q13 Non-GAAP Segment Results Revenue Segment Operating Profit — 9% organic growth, 3% unfavorable currency impact — 12% organic growth in International — North America flat — International up $28 — North America down $7 — Unfavorable currency impact of $8
Slide 21: Appendix: Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations
Slide 22: Non-GAAP Reconciliation Notes
(a) To eliminate: • $1.1 million adjustment in the first quarter of 2013 to the amount of gain recognized on a 2010 business acquisition in Mexico as a result of a favorable adjustment to the purchase price received in the first quarter of 2013. • $0.9 million of adjustments in the third quarter of
Slide 23: Non-GAAP Reconciliations - Nine Months 2013
Non-GAAP Reconciliations - Nine Months 2013 Amounts may not add due to rounding. See page 22 for notes. GAAP Basis Gains & Losses on Acquisitions and Dispositions (a) Net Monetary Asset Remeasurement Losses in Venezuela (b) Employee Benefit Settlement Losses (c) U.S. Retirement Plans (d) Adjust Inco
Slide 24: Non-GAAP Reconciliation Notes (2012)
(a) To eliminate: • Gains related to the sale of investments in mutual fund securities ($1.9 million in the first quarter and $0.5 million in the third quarter). Proceeds from the sales were used to fund the settlement of pension obligations related to our former chief executive officer, and former
Slide 25: Non-GAAP Reconciliations - Nine Months 2012
Non-GAAP Reconciliations - Nine Months 2012 Amounts may not add due to rounding. See page 24 for notes. GAAP Basis Gains & Losses on Acquisitions and Dispositions (a) Employee Benefit Settlement and Severance Losses (b) U.S. Retirement Plans (c) Tax Benefit on Change in Health Care Funding Strategy
Slide 26: Non-GAAP Reconciliations - Full Year 2012
Non-GAAP Reconciliations - Full Year 2012 GAAP Basis Gains & Losses on Acquisitions and Dispositions (a) Employee Benefit Settlement and Severance 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 Full Year 2012
Slide 27: Non-GAAP Reconciliations - Cash Flows
NON-GAAP CASH FLOWS FROM OPERATING ACTIVITIES - RECONCILED TO AMOUNTS REPORTED UNDER U.S. GAAP Nine Months 2013 2012 Cash flows from operating activities - GAAP $ 104.4 $ 129.3 Decrease (increase) in certain customer obligations (a) 4.4 (0.2) Cash outflows (inflows) related to discontinued operation
Slide 28: Net Debt - Reconciled to U.S. GAAP
NET DEBT - RECONCILED TO U.S. GAAP September 30, December 31, 2013 2012 Debt: Short-term debt $ 76.5 26.7 Long-term debt 445.7 362.6 Less: Cash and cash equivalents 242.3 201.7 Cash and cash equivalents available for general corporate purposes 205.1 157.7 Net Debt $ 317.1 231.6 (a) Title to cash rec