Slide 1: First-Quarter 2013 Earnings Conference Call
The Brink’s Company First-Quarter 2013 Earnings Conference Call NYSE:BCO April 25, 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 - Ed Cunningham, Investor Relations
The Brink’s Company Ed Cunningham Director - Investor Relations
Slide 4: Highlights of First-Quarter Results
Highlights of First-Quarter Results GAAP EPS $.04 vs $.43 • Includes theft loss ($.24 charge) Non-GAAP Summary • EPS $.35 vs $.67 • Includes theft loss ($.24 charge) • Segment margin 5.2% vs 8% (7.2% ex theft loss) • Revenue up 4% (6% organic growth) Note : See reconciliation to GAAP results in Appe
Slide 5: The Brink's Company - Tom Schievelbein, CEO
The Brink’s Company Tom Schievelbein Chairman, President and Chief Executive Officer
Slide 6: CEO Overview
CEO Overview • International profits drive better-than-expected results • Latin America, Asia-Pacific results offset theft loss and North America profit decline • Full-year outlook affirmed • Segment margin: 6% to 6.5% • Organic revenue growth: 5% to 8% Note : See reconciliation to GAAP results in A
Slide 7: Strategy Update
Strategy Update • Maximize profits in North America and Europe • North America guidance reduced • Europe on track • Grow Latin America • Q1 stronger than expected • Expect full-year profit growth
Slide 8: Strategy Update
Strategy Update • Exit underperforming markets • Guarding operations in France and Morocco • CIT markets in Germany, Poland and Turkey • Acquisitions • Chile - acquired remaining 26% • Adjacencies • Rede Trel acquisition complete • Brink’s Money Card rollout
Slide 9: Review and Outlook - Joe Dziedzic, CFO
The Brink’s Company Joe Dziedzic Vice President and Chief Financial Officer Review and Outlook
Slide 10: 1Q13 Non-GAAP Results
Margin 8.0% 5.2% 1Q13 Non-GAAP Results ($ millions, except EPS) Segment Operating Profit Revenue EPS Note : See reconciliation to GAAP results in Appendix
Slide 11: Non-GAAP EPS: 1Q12 Versus 1Q13
Non-GAAP EPS: 1Q12 Versus 1Q13 Segment Operating Profit Non-Segment Expense Interest Expense, Net Non- Controlling Interest Tax Rate/Diluted Shares 1Q12 1Q13 Note : See reconciliation to GAAP results in Appendix $(0.03) Profit decrease excluding items below $(0.24) Belgium theft loss $(0.04) Foreign
Slide 12: 1Q13 Non-GAAP Segment Results
Organic Growth 10% 6% Margin 8.0% 5.2% Revenue 1Q13 Non-GAAP Segment Results ($ millions) Revenue Segment Operating Profit Segment Operating Profit — 6% Organic growth, 2% unfavorable currency impact — 8% Organic growth in International — North America flat — Unfavorable currency impact of $3 — Nort
Slide 13: Non-GAAP Cash Flow, Capital Investment and Net Debt
13 Capital Expenditures and Capital Leases (b) Non-GAAP Cash Flow, Capital Investment and Net Debt ($ millions) (a) See reconciliation to GAAP results in Appendix (b) From continuing operations Non-GAAP CFOA (a) (b) $34 $39 North America International Net Debt (a) $232 $(6) $336 $9
Slide 14: 2013 Outlook
2013 Outlook — Organic growth 5% to 8% — Unfavorable currency impact 2% to 4% Assumptions vs 2012 April 25, 2013 Revenue Non-GAAP Segment Margin Rate — North America 2% to 3% — International 7.0% to 8.0% — Total segment 6.0% to 6.5% Other Metrics — Non-segment expense $41 — Interest expense $27 to $
Slide 15: First-Quarter 2013 Earnings Conference Call
The Brink’s Company First-Quarter 2013 Earnings Conference Call NYSE:BCO April 25, 2013
Slide 16: Appendix - Legacy Liabilities
Appendix - Legacy Liabilities
Slide 17: Legacy Liabilities at December 31, 2012
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 5 5 5 4 4 Total $ 44 19 34 47 48 42 Legacy Liabilities at December 31, 2012 ($ millions) $275 Under- funding Note: Above amounts based on actuarial assumptions at D
Slide 18: Appendix - Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations
Slide 19: Non-GAAP reconciliation footnotes
(a) To eliminate results of additional European operations we intend to exit in 2013. Operations do not currently meet requirements to be classified as discontinued operations. (b) To eliminate a $1.1 million adjustment to the amount of gain recognized on a 2010 business acquisition in Mexico as a r
Slide 20: GAAP to Non-GAAP reconciliation, First Quarter 2012
GAAP Basis Additional European Operations to be Exited (a) Gains and Losses on Acquisitions and Dispositions (b) Employee Benefit Settlement & Severance Losses (c) U.S. Retirement Plans (d) Adjust Income Tax Rate (f) Non- GAAP Basis First Quarter 2012 Revenue: Latin America $ 386.3 − − − − − 386.3 E
Slide 21: Non-GAAP reconciliation footnotes
(a) To eliminate results of additional European operations we intend to exit in 2013. Operations do not currently meet requirements to be classified as discontinued operations. (b) To eliminate: • Gains related to the sale of investments in mutual fund securities ($1.9 million in the first quarter a
Slide 22: Non-GAAP Reconciliations - Cash Flows
NON-GAAP CASH FLOWS FROM OPERATING ACTIVITIES - RECONCILED TO AMOUNTS REPORTED UNDER U.S. GAAP First Quarter 2013 2012 Cash flows from operating activities - GAAP $ 3.3 $ (16.4) Decrease (increase) in certain customer obligations (a) (16.8) 18.8 Cash outflows (inflows) related to discontinued operat
Slide 23: Net Debt Reconciled to GAAP
NET DEBT RECONCILED TO GAAP March 31, December 31, 2013 2012 Debt: Short-term debt $ 71.1 26.7 Long-term debt 438.6 362.6 Less: Cash and cash equivalents 234.8 201.7 Cash and cash equivalents available for general corporate purposes 174.2 157.7 Net Debt $ 335.5 231.6 (a) Title to cash received and p