Slide 1: Investor Overview December 2016
Investor Overview NYSE: BCO December 2016
Slide 2: Forward Looking Statements
Forward Looking Statements These materials contain forward-looking information. Words such as "anticipate," "assume," "estimate," "expect," “target” "project," "predict," "intend," "plan," "believe," "potential," "may," "should" and similar expressions may identify forward-looking information. Forwa
Slide 3: Brink's – The World's Premier Provider of Secure Logistics
Brink’s – The World’s Premier Provider of Secure Logistics Notes: As of 12/31/2015 (see form 10-K for all information excluding Adjusted EBITDA) 2 Operations 41 countries 1,100 facilities 12,000 vehicles 59,900 employees Financial Strength 2015 Revenue $3.0B (75% International) 2015 non-GAAP EPS $1.
Slide 4: New Leadership…New Focus
Proven track record in: • Leading global route-based logistics companies • Strategic execution to drive organic growth, margin expansion and ROIC • Leveraging IT to increase productivity and expand customer offerings • Executing disciplined, accretive acquisitions New Leadership…New Focus Track reco
Slide 5: Why Brink's?
Why Brink’s? Premier Global Brand • Symbol of security, service, trust • Largest global provider, #1 or #2 in key markets New Leadership • Track record of value creation • Focused on EBITDA growth and multiple expansion • Driving cultural change Value Creation Opportunity • Accelerate Profitable Gro
Slide 6: Global Review: What We've Learned
Global Review: What We’ve Learned • Reviewed operations in U.S., LatAm, Canada, Europe • Comprehensive assessment of management, markets, customers, assets, equipment, labor relations, etc. • Competitive environment, acquisition opportunities • Strong global operations and leadership • No structural
Slide 7: High-Value Services
High-Value Services Core Services 53% $1.6B High Value Services 39% $1.2B Guarding 8% $.2B 2015 Non-GAAP Revenue $3.0B Lines of Business • Brink’s Global Services (BGS) • Money processing • Vault outsourcing • CompuSafe® and retails services • Payments • Cash-in-transit (CIT) • ATM services Core Ser
Slide 8: High-Value Services…A Key Growth Driver
High-Value Services…A Key Growth Driver Brink’s Global Services (BGS) Money Processing and Vault Outsourcing CompuSafe® and retail services Payments Diamonds Jewelry Banknotes Precious Metals 7
Slide 9: Global Operations Serving Customers in More Than 100 Countries
Global Operations Serving Customers in More Than 100 Countries* *Operations in 41 countries (marked in blue) ARGENTINA CHILE BOLIVIA PANAMA COLOMBIA U.K. ITALY LUXEMBOURG SWITZERLAND POLAND TURKEY GERMANY GREECERUSSIA S. AFRICA BELGIUM BOTSWANAMOROCCOISRAELU.A.E. IRELAND JAPANSINGAPORE VIETNAMCHINA
Slide 10: Strong Position in Our Largest Markets
GSI Other Loomis Garda Other Strong Position in Our Largest Markets Notes: 2015 non-GAAP reported revenue Internal estimates reflect market share of CIT/ATM market. These markets represent ~65% of Brink’s 2015 revenue Estimated Market Share in Top Five Countries Loomis Prosegur Other Prosegur Protég
Slide 11: A Clear Path to Value Creation
Current Margin Fleet One-Person Vehicles Optimize Network Sales & New Business Branch Standardization Lean Technology Investments Other Target Margin Current Margin A Clear Path to Value Creation* Our Strategy Accelerate Profitable Growth…Close the Margin Gap…Introduce Differentiated Services Increm
Slide 12: A World of Opportunities: Global Margin Enhancement Opportunities
Current U.S. Mexico and /Canada Rest of World Total Acq Target A World of Opportunities * For illustrative purposes only 11 • Improve customer experience • Grow CompuSafe® and retail services • Outsourced cash processing • Optimize cost structure • New markets for BGS • Accretive acquisitions • Cust
Slide 13: Financial Strength to Pursue Growth
Financial Strength to Pursue Growth Strong Balance Sheet • Investment grade credit rating • $296 million net debt* • Ample additional debt capacity • Minimal cash outflow expected for legacy liabilities • No U.S. pension payments before 2020 • No payments to UMWA until 2027 Cash Flow Supports Strate
Slide 14: Capex Spend
Capex Spend(a) ($ Millions, except ratio) ($) a) Excluding Venezuela b) As of October 26, 2016 $176 $169 $143 $116 $130 - $140 1.3 1.1 1.0 0.9 ~1.0 0.00. 10.02. 30.04. 50.06 . 70.08. 90.10. 10.12. 3 0.14. 50.16. 70.18. 90.20 . 10.22. 30.24. 50.26. 7 0.28. 90.30. 10.32. 30.34 . 50.36. 70.38. 90.40. 1
Slide 15: Summary of 3Q16 Non-GAAP Results
Summary of 3Q16 Non-GAAP Results $37 3Q15 3Q16 $740 3Q15 3Q16 $0.40 3Q15 3Q16 EPSRevenue Organic Growth 5% Currency (4)% Operating Profit Margin 5.0% 8.3% ($ Millions, except % and per share amounts) Organic Growth 63% Currency (3)% $61 Reported $ 0.64 Reported $ 735 Reported $ 764 Constant Currency
Slide 16: Increase Cash Flow and Trading Multiple to Create Value
Increase Cash Flow and Trading Multiple to Create Value Adjusted 2014 2015 2016 Outlook* EBITDA $272 $291 $305 - 330 EBITDA % 8.1% 9.8% 10.5% - 11.4% Adjusted EBITDA Multiple Trailing 12 Months Adjusted EBITDA Multiple ($ Millions) Source: Publicly available peer financial information * As of Novemb
Slide 17: Continued Improvement Expected in 2016 & Beyond
Continued Improvement Expected in 2016 & Beyond 124 157 185 - 200 3.7% 5.3% 6.4% - 6.9% 2014 2015 2016 Outlook -20 -15 -10 -5 0 5 10 -25 25 75 125 175 225 275 2014 2015 2016 Outlook Non-GAAP Operating Profit Margin 2016 Non-GAAP Outlook (as of October 26, 2016) • 5% organic revenue growth to $2.9 bi
Slide 18: Next Steps
Next Steps • Achieve 2016 targets • Complete strategic review and assessment • Develop 3-year strategic plan with performance targets and metrics • Communicate plan at Investor Day • Build investor confidence • Execute and drive value Create Value 17
Slide 19: Why Brink's?
Why Brink’s? Premier Global Brand • Symbol of security, service, trust • Largest global provider, #1 or #2 in key markets New Leadership • Track record of value creation • Focused on EBITDA growth and multiple expansion • Driving cultural change Value Creation Opportunity • Accelerate Profitable Gro
Slide 20: Appendix
Appendix
Slide 21: Appendix Index
Page Executive Bios 21 Non-GAAP Outlook 22 Brink’s Historical Non-GAAP Results 23-24 Legacy Liabilities & Estimated Cash Payments 25 Other Items Not Allocated to Segments 26 Index 20
Slide 22: Executive Bios
Executive Bios Doug Pertz President and Chief Executive Officer Douglas A. Pertz is the President and Chief Executive Officer and a director of The Brink’s Company and has served in these roles since June 2016. He has led several global companies as CEO over the past 20 years and throughout his care
Slide 23: Non-GAAP 2016 Outlook
Non-GAAP 2016 Outlook (as of October 26, 2016) (a) Attributable to Brink’s ($ Millions, except as noted) 20152014 2016 Outlook Revenue $3,351 $2,977 ~$2,900 Op profit 124 157 185 – 200 Interest/Other Income (22) (15) (17) Taxes (47) (52) (66– 71) Noncontrolling interests (6) (5) (5 -7) Income from c
Slide 24: Historical Non-GAAP Revenue
Revenue Historical Non-GAAP Revenue ($ Millions) $818 $837 $847 $848 $756 $748 $740 $733 $689 $717 $735 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 23
Slide 25: Historical Non-GAAP Operating Profit and EPS
Historical Non-GAAP Operating Profit and EPS ($ Millions, except per share amounts) Operating Profit EPS 24 $21 $24 $21 $59 $41 $31 $37 $49 $31 $38 $61 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 $0.15 $0.16 $0.12 $0.58 $0.44 $0.30 $0.40 $0.55 $0.30 $0.38 $0.64 1Q14 2Q14 3Q14 4Q14 1Q15 2Q
Slide 26: Legacy Liability Estimated Cash Payments
Legacy Liability Estimated Cash Payments: ($ Millions) Payments to Primary U.S. Pension Payments to UMWA $0 $9 $21 $17 $5 2015 2020 2021 2022 2023 $0 $3 2015 2027 25Note: Projections based on actuarial assumptions as of 12/31/2015 • In 2014 (3Q) prepaid 2015 and 2016 pension payments − Accelerated d
Slide 27: Other Items Not Allocated to Segments
Other Items Not Allocated to Segments The Brink’s Company and subsidiaries Other Items Not Allocated to Segments (Unaudited) (In millions) Brink’s measures its segment results before income and expenses for corporate activities and for certain other items. A summary of the other items not allocated