Slide 1: The Brink's Company Investor Overview
The Brink’s Company Investor Overview NYSE:BCO May 2011 Exhibit 99.1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation, including questions and answers, contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from projected results. Additional information regarding factors that
Slide 3: Today's Presentation
Today’s Presentation ¢ Business Overview ¢ Growth Opportunities ¢ Creating Value for Investors
Slide 4: Investment Highlights
¢ Premier Brand ¢ Global Footprint ¢ Improving Market Fundamentals ¢ Economic recovery ¢ Cash growing worldwide ¢ Interest rates ¢ Compelling Growth Opportunities ¢ Maximize profits in developed markets ¢ Expand in emerging markets ¢ Invest in solutions and adjacent markets Investment Highlights
Slide 5: World's Largest Secure Logistics Company
¢ World’s Largest Secure Logistics Company ¢ Premier global brand ¢ Customers in more than 100 countries ¢ ~70,000 employees; 1,000 branches and 13,000 vehicles ¢ 2010 Revenue - $3.1 billion ¢ Global Cash-In-Transit (CIT) network supports growth in High-Value Services Company Snapshot 2010 Revenue (
Slide 6: Diverse Business Lines: CIT Drives High-Value Services
Diverse Business Lines : CIT Drives High-Value Services ¢ Global Infrastructure High-Value Services ¢ Global Services – Secure long-distance transport of valuables ¢ Cash Logistics – Money processing – Virtual vaulting – CompuSafe® Service ¢ Adjacencies – Payment Services – Commercial Security ¢ Gua
Slide 7: High-Value Services…High-Margin Solutions
High-Value Services…High-Margin Solutions CIT Footprint Supports High-Value Services ¢ Global Services ¢ Secure transport of valuables over long distances ¢ Diamonds, jewelry, banknotes, precious metals ¢ 7000 Customers, 5000 Cities, 1500 daily shipments ¢ Cash Logistics ¢ Money Processing ¢ Vaultin
Slide 8: Global Leader…Global Growth Strategy
¢ Maximize profits in developed markets ¢ EMEA, North America ¢ Invest in growth opportunities ¢ Emerging markets: BRIC, LATAM, Asia-Pacific ¢ High-Value Services: Global Services, Cash Logistics ¢ Adjacencies: Commercial Security, Payment Processing Global Secure Logistics Market Source: Internal C
Slide 9: Long-Term Goal: Deliver Shareholder Value
Long-Term Goal: Deliver Shareholder Value Organic Revenue 8 - 10% Growth Segment Margin Target Note: Organic revenue growth and segment margin are calculated on Non-GAAP revenue and segment profit. See Appendix for reconciliation to GAAP.
Slide 10: EMEA: Improve Operating Performance
2010 Revenue: $1.2B Region Overview: ¢ 2010: 3% organic growth…low single-digit margin ¢ Diverse competitive, regulatory and threat environments ¢ Customers want outsourced solutions Strategy: ¢ Europe: Maximize CIT profits; increase efficiency; fix underperformers ¢ Invest in High-Value Services an
Slide 11: North America: Maximize CIT…Grow High-Value Services
2010 Revenue: $918M Region Overview: ¢ Market leader ¢ 2010: Organic revenue flat…4.8% margin ¢ Price and volume pressure Strategy: ¢ Maximize CIT profits ─ reduce costs, improve processes ¢ Remain disciplined on price, service and security ¢ Shift mix to High-Value Services North America: Maximize
Slide 12: Latin America: Continued Strong Growth
Region Overview: ¢ Growing economies ¢ High-risk threat environment…customers value security ¢ Growing need to protect product supply chains ¢ 2010: 19% organic growth, double digit profit margin Strategy: ¢ Strengthen and expand footprint ¢ Leverage footprint to grow High-Value Services ¢ Mexico: I
Slide 13: Asia Pacific: Invest and Grow
2010 Revenue: $127M Region Overview: ¢ High-growth, service-driven economies ¢ Varying degrees of banking sophistication, gov’t restrictions ¢ Strong in Hong Kong; growing in China, India, Japan ¢ 2010: 23% organic growth, profits more than doubled Strategy: ¢ Leverage Global Services network ¢ Acce
Slide 14: Financial Strength and Flexibility
14 Financial Strength and Flexibility n Solid Revenue Growth n 8% CAGR 2006-2010, primarily organic n Late 2010 acquisitions added $450 million n Global economies stabilizing and improving n Cash Flow Supports Continued Growth n ~40% of Capex focused on Emerging Markets and High-Value Services (’07
Slide 15: Achieve Targets…Create Shareholder Value
Achieve Targets…Create Shareholder Value 2010 Actual: n 5% organic revenue growth n 7.2% segment margin 2011 Outlook: n Mid-to-high single-digit organic revenue growth n High end of 6.5% to 7.0% segment margin n Includes $450 million of acquisition revenue at breakeven margin Long-Term Targets: n Hi
Slide 16: Investment Highlights
¢ Premier Brand ¢ Global Footprint ¢ Improving Market Fundamentals ¢ Economic recovery ¢ Cash growing worldwide ¢ Interest rates ¢ Compelling Growth Opportunities ¢ Maximize profits in developed markets ¢ Expand in emerging markets ¢ Invest in solutions and adjacent markets Investment Highlights
Slide 17: Appendix
Appendix
Slide 18: Appendix
Appendix Page 5-Year Non-GAAP Revenue Growth 2006 - 2010............................................. 19 5-Year Non-GAAP Operating Profit................................................................. 20 Reconciliation to Amounts Reported under GAAP......................................... 21 2010
Slide 19: Non-GAAP Revenue
Non-GAAP Revenue (1) ($MM) (1) Non-GAAP financial information is reconciled to amounts reported under U.S. GAAP on pages 21, 22 & 23. Non-GAAP Revenue Growth
Slide 20: Total Non-GAAP Operating Profit
Segment 172 196 223 175 226 Non-Segment (73) (62) (58) (55) (59) Total 99 134 166 120 167 Total Non-GAAP Operating Profit (1) ($MM) (1) Non-GAAP financial information is reconciled to amounts reported under U.S. GAAP on pages 21, 22 & 23. Non-GAAP Profit Growth Amounts may not add due to rounding
Slide 21: Non-GAAP Results - Reconciled to Amounts Reported under GAAP
Non-GAAP Results - Reconciled to Amounts Reported under GAAP Non-GAAP results described in this presentation are financial measures that are not required by, or presented in accordance with generally accepted accounting principles (“GAAP”). Purpose of Non-GAAP Information The purpose of the non-GAAP
Slide 22: Non-GAAP Results - Reconciled to Amounts Reported under GAAP (Cont.)
See page 21 for explanation of footnotes Reconciliation Amounts may not add due to rounding Non-GAAP Results - Reconciled to Amounts Reported under GAAP (Cont.)
Slide 23: Non-GAAP Results - Reconciled to Amounts Reported under GAAP (Cont.)
(In millions) 2010 2009 2008 2007 2006 Non-Segment Reported GAAP Basis $ (63) (46) (43) (62) (73) Adjustments: Venezuela Currency Loss (d) - 23 - - - Acquisition (Gain) Loss (e) 9 (15) - - - Royalty from BHS (f) (5) (7) (1) - - Non-segment asset sales (g) - (10) (13) - - Non-GAAP Basis $ (59) (55) (
Slide 24: Net Debt
March 31, December 31, 2011 2010 Debt: Short-term debt $ 39.9 36.5 Long-term debt 362.8 352.7 Total Debt 402.7 389.2 Cash and cash equivalents 155.3 183.0 Less amounts held by certain cash logistics operations (a) (28.8) (38.5) Amount available for general corporate purposes 126.5 144.5 Net Debt $ 2
Slide 25: 2010 Segment Results, GAAP
Organic Acquisitions/ Currency 2009 Change Dispositions (b) (c) 2010 Total Organic Revenues: EMEA $ 1,258 33 (45) (46) 1,200 (5%) 3% Latin America 905 171 52 (250) 877 (3%) 19% Asia Pacific 79 18 25 5 127 61% 23% International 2,241 222 32 (290) 2,204 (2%) 10% North America 894 7 - 17 918 3% 1% Tota
Slide 26: 2010 Segment Results, non-GAAP
(In millions) Organic Acquisitions/ Currency 2009 Change Dispositions (b) (c) 2010 Total Organic Revenues: EMEA $ 1,258 33 (45) (46) 1,200 (5%) 3% Latin America 667 100 52 59 877 32% 15% Asia Pacific 79 18 25 5 127 61% 23% International 2,003 150 32 19 2,204 10% 8% North America 894 7 - 17 918 3% 1%
Slide 27: 2011 Guidance
2011 Guidance Revenue: Mid-to-high single-digit percentage organic growth over 2010 Segment Margin: High end of 6.5% to 7.0% (includes 2010 acquisitions) Amounts may not add due to rounding. (a) Non-GAAP reflects the elimination of royalties from former home security unit in 2010. (b) Amount is the
Slide 28: Legacy Liabilities
Estimated Contributions to U.S. Plans 2011 2012 2013 2014 2015 US Pension $ 0 36 34 30 27 UMWA 0 0 0 0 0 Black Lung/Other 8 7 7 7 6 Total $ 8 43 41 37 33 Legacy Liabilities ($ millions) Under- funding $192 Note: Amounts based on actuarial assumptions at December 31, 2010.