Slide 1: First-Quarter 2012 Earnings Conference Call
The Brink’s Company First-Quarter 2012 Earnings Conference Call NYSE:BCO April 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 - Investor Relations
The Brink’s Company Ed Cunningham Director - Investor Relations
Slide 4: Highlights of First-Quarter Non-GAAP Results
Highlights of First-Quarter Non-GAAP Results • EPS $.58 vs $.39 • Revenue up 6%, 9% organic growth • Segment Margin 7.2% vs. 5.8% • Profit growth driven by Latin America • EMEA and North America up slightly • Improved 2012 outlook Note : See reconciliation to GAAP results in Appendix
Slide 5: The Brink's Company - Interim President and CEO
The Brink’s Company Tom Schievelbein Interim President and Chief Executive Officer
Slide 6: CEO Overview
CEO Overview • Non-GAAP EPS up 49% on Latin America results • 2012 margin guidance ~7% • CEO Search on Schedule • EMEA and NA: Improvement in 2012 Note : See reconciliation to GAAP results in Appendix
Slide 7: The Brink's Company - Review and Outlook
The Brink’s Company Joe Dziedzic Vice President and Chief Financial Officer Review and Outlook
Slide 8: 1Q12 Non-GAAP Results
Margin 5.8% 7.2% 1Q12 Non-GAAP Results ($ millions, except EPS) Segment Operating Profit Revenue EPS Note : See reconciliation to GAAP results in Appendix
Slide 9: Non-GAAP EPS: 1Q12 Versus 1Q11
Non-GAAP EPS: 1Q12 Versus 1Q11 Segment Operating Profit Non-Segment Expense Interest Expense, Net Non-Controlling Interest Tax Rate 1Q11 1Q12 Note : See reconciliation to GAAP results in Appendix
Slide 10: Total Non-GAAP Segment Results and Outlook
Margin 5.8% 7.2% Total Non-GAAP Segment Results and Outlook ($ millions) 1Q12 Results 2012 Outlook — Increased margin guidance to ~7% — 5% - 8% organic revenue growth — U.S. actions improve profitability — Europe operations stable to improving in a difficult environment — Continued strong Latin Amer
Slide 11: North America Non-GAAP Segment Results and Outlook
Organic Growth (1%) - Margin 3.1% 3.4% North America Non-GAAP Segment Results and Outlook ($ millions) 1Q12 Results 2012 Outlook — Revenue flat — Slight margin improvement — U.S. cost actions offset price and volume pressure — Flat revenue in a difficult environment — U.S. cost actions and productiv
Slide 12: International Non-GAAP Segment Results and Outlook
Margin 6.7% 8.4% International Non-GAAP Segment Results and Outlook 1Q12 Results 2012 Outlook ($ millions) — Revenue Growth — Organic growth $84 — Currency down ($28) — Profit Growth — Organic growth $18 — Currency down ($2) — Broad margin expansion in Latin America — Mexico improving, expect more r
Slide 13: Non-GAAP Cash Flow, Capital Investment, and Net Debt
13 Non-GAAP Cash Flow, Capital Investment, and Net Debt ($ millions) (a) See reconciliation to GAAP results in Appendix Non-GAAP CFOA (a) $39 $43 North America International Capital Expenditures and Capital Leases Net Debt (a)
Slide 14: 2012 Outlook
Margin 6.3% ~7% 2012 Outlook ($ millions) Capital Deployment — Pension contribution — Capital Expenditures / Capital Leases (a) (a) See reconciliation to GAAP results in Appendix (a) — Strong growth in Latin America — Slow / No growth in North America — Modest growth in Europe Revenue — Strong margi
Slide 15: First-Quarter 2012 Earnings Conference Call
The Brink’s Company First-Quarter 2012 Earnings Conference Call NYSE:BCO April 26, 2012
Slide 16: Appendix - Non-GAAP Reconciliations
Appendix - Non-GAAP Reconciliations
Slide 17: Non-GAAP Reconciliations - 1Q12
Non-GAAP Reconciliations - 1Q12 GAAP Basis Gain on Sale of Investments (a) Employee Benefit Settlement Losses (b) U.S. Retirement Plans (c) Adjust Income Tax Rate (d) Non-GAAP Basis First Quarter 2012 Operating profit: International $ 60.9 - 0.8 - - 61.7 North America 5.8 - - 2.2 - 8.0 Segment opera
Slide 18: Non-GAAP Reconciliations - 1Q11
Non-GAAP Reconciliations -1Q11 GAAP Basis Gains on Acquisitions and Asset Dispositions (a) U.S. Retirement Plans (b) Adjust Income Tax Rate (c) Non-GAAP Basis First Quarter 2011 Operating profit: North America 6.8 - 0.7 - 7.5 Segment operating profit 52.0 - 0.7 - 52.7 Non-segment (15.0) (0.4) 6.2 -
Slide 19: Non-GAAP Reconciliations - Cash Flows
First Quarter 2012 2011 Cash flows from operating activities - GAAP $ (16.4) $ (5.7) Decrease (increase) in certain customer obligations (a) 18.8 9.7 Cash outflows (inflows) related to discontinued operations (b) - (1.2) Cash flows from operating activities - Non-GAAP $ 2.4 $ 2.8 Non-GAAP Reconcilia
Slide 20: Net Debt Reconciled to GAAP
NET DEBT RECONCILED TO GAAP March 31, December 31, 2012 2011 Debt: Short-term debt $ 23.0 25.4 Long-term debt 408.9 364.0 Cash and cash equivalents 155.5 182.9 Amount available for general corporate purposes 147.4 157.8 Net Debt $ 284.5 231.6 (a) Title to cash received and processed in certain of ou