Slide 1: The Brink's Company Investor Overview
The Brink’s Company Investor Overview NYSE:BCO May 2012 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
Slide 4: Investment Highlights
¢ Premier Brand ¢ Safety, security, service, trust ¢ Global Footprint ¢ Unique operational advantage ¢ Supports high-value Global Services business ¢ Market Fundamentals ¢ Cash growing worldwide ¢ Increased outsourcing ¢ Dangerous world ¢ Economic recovery, interest rates ¢ Growth Opportunities ¢ Ma
Slide 5: Company Snapshot: World's Largest Secure Logistics Company
¢ World’s Largest Secure Logistics Company ¢ 2011 Revenue $3.9 billion ¢ Premier global brand ¢ Customers in more than 100 countries ¢ ~71,000 employees; 1,100 facilities and 13,000 vehicles ¢ Global Cash-In-Transit (CIT) network supports growth in High-Value Services Company Snapshot 2011 Revenue (
Slide 6: Diverse Business Lines: CIT Drives High-Value Services
– Cash, coins, checks and other valuables; ATM services ¢ Global Infrastructure – Supports Global Services and Cash Logistics Diverse Business Lines : CIT Drives High-Value Services High-Value Services ¢ Global Services – Secure long-distance transport of valuables ¢ Cash Logistics – Money processin
Slide 7: High-Value Services…High-Margin Solutions
High-Value Services…High-Margin Solutions CIT Footprint Supports High-Value Services ¢ Global Services ¢ Secure Logistics of valuables over long distances ¢ Diamonds, jewelry, banknotes, precious metals ¢ 12,000 Customers… 5,000 Cities… 1,400 daily shipments ¢ Cash Logistics ¢ Money Processing ¢ Vau
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: Segment margin is calculated on Non-GAAP segment profit. See Appendix for reconciliation to GAAP.
Slide 10: EMEA: Improve Operating Performance
2011 Revenue: $1.3B Region Overview: ¢ 2011: 5% 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
2011 Revenue: $974M Region Overview: ¢ Market leader ¢ 2011: Organic revenue flat…3.6% 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 ¢ 2011: 21% organic growth, double-digit margin Strategy: ¢ Strengthen and expand footprint ¢ Leverage footprint to grow High-Value Services ¢ Mexico: Increase
Slide 13: Asia Pacific: Invest and Grow
2011 Revenue: $154M Region Overview: ¢ High-growth, service-driven economies ¢ Varying degrees of banking sophistication, gov’t restrictions ¢ Strong in Hong Kong; growing in China, India, Japan ¢ 2011: 17% organic revenue growth, profits up 11% Strategy: ¢ Leverage Global Services network ¢ Acceler
Slide 14: Financial Strength and Flexibility
14 Financial Strength and Flexibility n Solid Revenue Growth n 10% CAGR 2007-2011 n Late 2010 acquisitions added over $400 million in 2011 n Cash Flow Supports Continued Growth n ~45% of Capex focused on Emerging Markets and High-Value Services (’09 - ’11) n Strong Balance Sheet n Investment grade c
Slide 15: Achieve Targets…Create Shareholder Value
Achieve Targets…Create Shareholder Value 2012 Outlook: n 5% to 8% organic revenue growth n Increased margin guidance to ~7.0% Long-Term Targets: n 8% to 10% annual organic revenue growth n 10% segment margin Note: Segment margin is calculated on Non-GAAP segment profit. See Appendix for reconciliati
Slide 16: Investment Highlights
¢ Premier Brand ¢ Safety, security, service, trust ¢ Global Footprint ¢ Unique operational advantage ¢ Supports high-value Global Services business ¢ Market Fundamentals ¢ Cash growing worldwide ¢ Increased outsourcing ¢ Dangerous world ¢ Economic recovery, interest rates ¢ Growth Opportunities ¢ Ma
Slide 17: Appendix
Appendix
Slide 18: Appendix
Appendix Page 5-Year Non-GAAP Revenue Growth.......................................................................... 19 5-Year Non-GAAP Operating Profit........................................................................... 20 Summary of 2012 Revenue and Segment Margin Outlook.................
Slide 19: Non-GAAP Revenue Growth
Non-GAAP Revenue (1) ($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 197 218 173 225 247 Non-Segment (53) (63) (35) (36) (41) Total 145 155 138 188 206 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: Summary of 2012 Revenue and Segment Margin Outlook
2011 Estimate 2011 Estimate International 12 % 7% - 10% 12 % 7% - 10% Total 8 % 5% - 8% 8 % 5% - 8% International 5 % (4)% - (6)% 5 % (4)% - (6)% North America 1 % - 1 % - Segment margin International 6.9 % 7.0% - 8.0% 7.3 % 7.0% - 8.0% Summary of 2012 Revenue and Segment Margin Outlook
Slide 22: 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 23: Non-GAAP Results - Reconciled to GAAP (Cont.)
See page 22 for explanation of footnotes Reconciliation Amounts may not add due to rounding Non-GAAP Results - Reconciled to Amounts Reported under GAAP (Cont.)
Slide 24: Non-GAAP Operating Profit Reconciliation
(In millions) 2011 2010 2009 2008 2007 Non-Segment Reported GAAP Basis $ (60) (63) (47) (43) (62) Adjustments: Venezuela Currency Loss (d) - - 23 - - Gains/Losses on Acquisitions and Asset Dispositions (e) (10) 9 (25) (13) - Royalty from BHS (f) - (5) (7) (1) - CEO Retirement cost (g) 4 - - - - U.S.
Slide 25: Net Debt
March 31, December 31, 2012 2011 Debt: Short-term debt $ 23.0 25.4 Long-term debt 408.9 364.0 Total Debt 431.9 389.4 Cash and cash equivalents 155.5 182.9 Less amounts held by certain cash logistics operations (a) (8.1) (25.1) Amount available for general corporate purposes 147.4 157.8 Net Debt $ 28
Slide 26: 2011 Segment Results, GAAP
Organic Acquisitions/ Currency 2010 Change Dispositions (b) (c) 2011 Total Organic Revenues: EMEA $ 1,200 59 (25) 63 1,297 8% 5% Latin America 877 182 364 38 1,461 66% 21% Asia Pacific 127 22 - 6 154 22% 17% International 2,204 262 339 106 2,911 32% 12% North America 918 - 49 8 974 6% - Total $ 3,12
Slide 27: 2011 Segment Results, non-GAAP
(In millions) Organic Acquisitions/ Currency 2010 Change Dispositions (b) (c) 2011 Total Organic Revenues: EMEA $ 1,200 59 (25) 63 1,297 8% 5% Latin America 877 182 364 38 1,461 66% 21% Asia Pacific 127 22 - 6 154 22% 17% International 2,204 262 339 106 2,911 32% 12% North America 918 - 49 8 974 6%
Slide 28: Legacy Liabilities
Estimated Contributions to U.S. Plans 2011 2012 2013 2014 2015 2016 2017 US Pension $ 0 45 44 51 48 43 15 UMWA 0 0 0 0 0 0 0 Black Lung/Other 7 7 6 6 5 5 5 Total $ 7 52 50 57 53 48 20 Legacy Liabilities ($ millions) Under- funding $306 Note: Amounts based on actuarial assumptions at December 31, 201