Brinks Company (the) · NYSE:BCO
Brinks Company (the) — Baird Global Consumer, Technology & Services Conference 2026
25 slides from Brinks Company (the)'s conference presentation, Jun 2, 2026
Slide 1: Baird Global Consumer, Technology & Services Conference
Baird Global Consumer, Technology & Services Conference June 2, 2026 Exhibit 99.1
Slide 2: Forward-Looking Statements and Non-GAAP Results
2 Forward-Looking Statements and Non-GAAP Results 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-lo
Slide 3: A Global Leader in Cash Management, Transforming Through AMS/DRS
3 A Global Leader in Cash Management, Transforming Through AMS/DRS Strong Brand Presence Strong Competitive Presence in Key Geographies Resilient Across Economic Cycles $1.5B Q1’26 TTM AMS/DRS revenue CVM DRS & AMS 28% 72% $5.4B Q1’26 TTM Revenue Notes: See detailed reconciliations of non-GAAP to GA
Slide 4: NCR Atleos combination: enhanced size, scale and financial profile
4 1. Combined company financial data is based on 2026 (for all metrics other than FCF) or 2027 (for FCF) consensus estimates for Brink’s and NCR Atleos, is provided for illustrative purposes only and excludes the effects of transaction synergies, unless otherwise specified. 2. $200M in pre-tax annua
Slide 5: Strong Progress Growing AMS/DRS and Expanding Margins
5 $566 $683 $788 $867 $912 $977 $1,074 15.3% 16.3% 17.4% 17.8% 18.2% 18.6% 19.0% 2020 2021 2022 2023 2024 2025 2026 Consensus $359 $530 $743 $1,012 $1,212 $1,462 10% 13% 16% 21% 24% 28% 31.6% 2020 2021 2022 2023 2024 2025 2026 Target AMS/DRS Cash & Valuables Mgmt AMS/DRS Percent of Total Brink’s Rev
Slide 6: Capital Allocation Framework and Free Cash Flow
6 Q1 2026 TTM Free Cash Flow $502M with 50% FCF Conversion • Limited M&A activity contemplated in the near-term as we work to close and integrate NCR Atleos 2x - 3x Net Leverage1 Target Accretive M&A Return of Capital Organic Investments • Pausing share repurchase program to focus on net debt reduct
Slide 7: NCR Atleos Acquisition Remains on Track to Close by End of Q1 2027
7 NCR Atleos Acquisition Remains on Track to Close by End of Q1 2027 1. Net Debt divided by Adjusted EBITDA. 2. Shown for illustrative purposes only. There can be no assurances as to when or if any such debt repayment will occur (if at all). 3. Illustratively reflects ~$500M in debt repayment expect
Slide 8: Consistent Value Creation Strategy
8 Consistent Value Creation Strategy 1. Net Debt divided by Adjusted EBITDA 2. Presented on a pre-tax basis 3. Free cash flow potential represents 2027 consensus estimates of free cash flow before dividends of Brink’s and adjusted free cash flow unrestricted for NCR Atleos, as well as $200M in pre-t
Slide 9: Appendix
9 Appendix
Slide 10: Integrated, Best-in-Class Capabilities Across the Full Customer Value Chain
10 Integrated, Best-in-Class Capabilities Across the Full Customer Value Chain Complementary Offerings and Capabilities Enable Network Optimization of ATM Managed Services and Outsourcing Hardware Software Cash Logistics Monitoring & ForecastingDispatch Processing FLM/SLM Strong global partnerships
Slide 11: Combining Industry Leading DRS and AMS Offerings
11 Together, we will better serve the needs of retail customers with integrated AMS/DRS solutions, delivering seamless store-wide efficiency Enhanced Potential to Penetrate Large & Expanding Addressable Markets1 Existing ATM Managed Services Traditional Cash Management $28B $8B +2-3x Potential 1 Ill
Slide 12: Expected Synergies Across the Business
12 Expected Synergies Across the Business: Unlocking Value and Accelerating Growth and Profitability Service network and infrastructure Insourcing logistics and field services, optimizing cash placement, driving network efficiencies SG&A Streamlining and optimizing SG&A and eliminating duplicative p
Slide 13: First Quarter Performance Highlights
13 First Quarter Performance Highlights Strong organic revenue growth led by AMS/DRS 4.5% Total organic growth 15% AMS / DRS organic growth Good margin performance on favorable revenue mix & productivity 17.3% Adjusted EBITDA margin 10bps of YoY expansion 12.2% Operating profit margin 10 bps of YoY
Slide 14: Full Year 2026 Framework and Guidance
14 Full Year 2026 Framework and First Quarter 2026 Guidance (non-GAAP, $ millions, except EPS) The 2026 Non-GAAP outlook amounts cannot be reconciled to GAAP without unreasonable effort, as we are unable to accurately forecast certain amounts that are necessary for reconciliation, including the impa
Slide 15: Non-GAAP Results Reconciled to GAAP – Operating Profit
15 Non-GAAP Results Reconciled to GAAP – Operating Profit The Brink’s Company and subsidiaries (In millions, except for per share amounts) Amounts may not add due to rounding. (a) See “Other Items Not Allocated To Segments” on slides 17-21 for details. (b) See "Reconciliations of Non-GAAP to GAAP Me
Slide 16: Non-GAAP Results Reconciled to GAAP – Adj EBITDA
16 Non-GAAP Results Reconciled to GAAP – Adj EBITDA The Brink’s Company and subsidiaries (In millions, except for per share amounts) Non-GAAP results should not be considered as an alternative to results determined in accordance with GAAP and should be read in conjunction with their GAAP counterpart
Slide 17: Other Items Not Allocated to Segments
17 Other Items Not Allocated to Segments (Unaudited) The Brink’s Company and subsidiaries (In millions) Brink’s measures its segment results before income and expenses for corporate activities and for certain other items. See below for a summary of the other items not allocated to segments. Reorgani
Slide 18: Other Items Not Allocated to Segments
18 Other Items Not Allocated to Segments (Unaudited) The Brink’s Company and subsidiaries (In millions) 2026 Acquisitions and Dispositions • Amortization expense for acquisition-related intangible assets was $14.9 million in the first three months of 2026. 2025 Acquisitions and Dispositions • Amorti
Slide 19: Other Items Not Allocated to Segments
19 Other Items Not Allocated to Segments (Unaudited) The Brink’s Company and subsidiaries (In millions) 2022 Acquisitions and Dispositions • Amortization expense for acquisition-related intangible assets was $52.0 million in 2022. • We recognized $12.5 million in charges in Argentina in 2022 for exp
Slide 20: Other Items Not Allocated to Segments
20 Other Items Not Allocated to Segments (Unaudited) The Brink’s Company and subsidiaries (In millions) Argentina highly inflationary impact Beginning in the third quarter of 2018, we designated Argentina's economy as highly inflationary for accounting purposes. As a result, Argentine peso-denominat
Slide 21: Other Items Not Allocated to Segments
21 Other Items Not Allocated to Segments (Unaudited) The Brink’s Company and subsidiaries (In millions) Non-routine auto loss matter In 2023, a Brink’s employee was involved in a motor vehicle accident with unique circumstances that resulted in the death of a third party and, in connection with the
Slide 22: Non-GAAP Measures and Reconciliations to GAAP Measures
22 Non-GAAP Measures and Reconciliations to GAAP Measures Non-GAAP measures described below and included in this filing are financial measures that are not required by or presented in accordance with GAAP. The purpose of the disclosure of these non-GAAP measures is to report financial information fr
Slide 23: Non-GAAP Measures and Reconciliations to GAAP Measures
23 Non-GAAP Measures and Reconciliations to GAAP Measures In addition to the rationale described above, we believe the following non-GAAP metrics are helpful in assessing cash flow and financial leverage consistent with how our management evaluates performance: Free Cash Flow before Dividends: Free
Slide 24: Non-GAAP Reconciliation – Cash Flows
2424 Non-GAAP Reconciliation – Cash Flows The Brink’s Company and subsidiaries (In millions) (a) Free cash flow before dividends is a supplemental financial measure that is not required by, or presented in accordance with, GAAP. See slides 22-23 for further information and descriptions of the adjust
Slide 25: 2024-2026 Non-GAAP Reconciliation – Net Debt
2525 2024-2026 Non-GAAP Reconciliation – Net Debt The Brink’s Company and subsidiaries (In millions) a) Net Debt is a supplemental non-GAAP financial measure that is not required by or presented in accordance with GAAP. See slides 22-23 for further information and descriptions of the adjustments. In
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