Slide 1: Brink's Secure Logistics. Worldwide Management Presentation
BRINK’S Secure Logistics. Worldwide Management Presentation September 29, 2008
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation, including questions and answers, may contain both historical and 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
Slide 3: Agenda
Agenda Introduction Overview of BHS Spin-Off Brink's Business Overview Financial Highlights Summary Michael T. Dan Chairman of the Board President & Chief Executive Officer Michael J. Cazer Vice President & Chief Financial Officer Edward A. Cunningham Director of Investor Relations & Corporate Commu
Slide 4: Overview of BHS Spin-Off
Overview of BHS Spin-Off February 2008 - Board approves plan for tax-free spin-off of BHS One-for-one distribution effective October 31 (NYSE:CFL) Record date October 21 Benefits of creating two separate companies:- Both units better positioned to focus on unique strategies and growth plans - More e
Slide 5: Brink's Company Overview
Brink’s Company Overview World's premier security company Global leader in security-related services Founded in 1859, Brink's is the oldest and largest secure logistics company Diversified operations with LTM revenues of $3 billion as of June 30, 2008 Approximately 50,000 employees, 800 facilities a
Slide 6: The Brink's Company
The Brink’s Company Solid core industry dynamics Premier brand Leader in business segments Proven operational excellence Global footprint Growth strategy Strong financial performance 6 Secure Logistics. Worldwide BRINK’S
Slide 7: Solid Core Industry Dynamics
Solid Core Industry Dynamics Industry Trends Cash in circulation growing Customer outsourcing (Cash Logistics) increasing Cash as a Percent of GDP Cash Use is Growing With GDP (%) 20 15 10 5 0 16 16 6 8 6 7 2002 2006 Euro Area USA Japan Global Outsourced CIT Market ($Bn) 13 12 11 10 CAGR: 3% $11.0Bn
Slide 8: Premier Brand
Premier Brand Globally recognized brand A brand built on — Trust and integrity — Quality of our people — Safety and security — Operational excellence — History and heritage — Global network 150th Anniversary in 2009 BRINK’S 8 Secure Logistics. Worldwide BRINK’S
Slide 9: Leader in Business Segments: Secure Logistics Market Share
Leader in Business Segments Secure Logistics Estimated 2007 Global Secure Logistics Market Share Others 50% Brink's 17% Securitas / Loomis 13% G4S 14% Prosegur 6% Total: $14 billion Leading Share in Fragmented Secure Logistics Market Source: Internal Company Estimates 9 Secure Logistics. Worldwide B
Slide 10: Business Lines, Products and Services
Leader in Business Segments Business Lines, Products and Services BRINK’s 2007 Revenue (% of Total) Description Cash-in-Transit $1.5 Billion (55%) Armored car transportation Point-to-point pick-up and delivery of cash, coins, checks and other valuables ATM services Provides infrastructure for High V
Slide 11: Relative Growth and Margins
Leader in Business Segments Relative Growth and Margins Security Services Cash-in-Transit High Value Services Global Services Cash Logistics New Services Growth Rate and Margins 11 Secure Logistics. Worldwide BRINK’S
Slide 12: Proven Operational Excellence
Proven Operational Excellence Demonstrated global expertise - Security - Risk management - Logistics - Pricing discipline - Human resource management - IT capabilities 12 Secure Logistics. Worldwide BRINK’S
Slide 13: Global Footprint
Global Footprint Canada 56 Branches EMEA 269 Branches 26 Countries United States 197 Branches Asia Pacific 31 Branches 13 Countries Latin America 233 Branches 9 Countries North America Latin America Asia Pacific Europe, Middle East, Africa 786 branches in 50 countries plus 66 additional countries se
Slide 14: Global Footprint: Revenue and Operating Profit
Global Footprint Revenue and Operating Profit Revenue Operating Profit LTM June 30, 2008 (1) LTM June 30, 2008 (1) Europe, Middle East and Africa 43% Latin America 24% Asia Pacific 2% North America 31% Total: $3 billion International 77% North America 23% Total: $264 million Note: (1) Last Twelve Mo
Slide 15: Growth Strategy
Growth Strategy Core - Increase share in current geographic markets - Penetrate new geographies with strong growth potential - Continue to develop and grow high-margin products and services Cash Logistics, CompuSafe® Services, Global Services - Provide full-range cash management solutions Plus - Ent
Slide 16: Strong Financial Performance: Revenue Growth
Strong Financial Performance Revenue Growth Revenue ($MM) 3,000 2,500 2,000 1,500 1,000 500 0 CAGR: 13% 1,664 1,898 2,113 2,354 2,735 Growth: 24% 1,285 1,591 2003 2004 2005 2006 2007 1H 2007 1H 2008 * Note: See Appendix for non-GAAP reconciliation 16 Secure Logistics. Worldwide BRINK’S
Slide 17: Strong Financial Performance: Profit Growth
Strong Financial Performance Profit Growth Pro-Forma Operating Profit ($MM) 180 160 140 120 100 80 60 40 20 0 CAGR: 59% 25 63 38 111 161 Growth: 61% 65 105 2003 2004 2005 2006 2007 1H 2007 1H 2008 Brink’s as Reported 113 145 120 184 223 94 135 Adjustments (1) 9 6 2 1 1 1 1 Corporate/Former Ops (97)
Slide 18: Strong Financial Performance: Enhancing Margins
Strong Financial Performance Enhancing Margins Continue developing IT capabilities - CompuSafe, Virtual Vaulting, I-Deposit, etc. Investing in sales and marketing - Selling solutions Grow high-margin business - Global Services, Cash Logistics Grow in high-margin geographies - Latin America, Asia-Pac
Slide 19: Strong Financial Performance: Balance Sheet
Strong Financial Performance Balance Sheet $67 million net cash at June 30, 2008 Cash $246 Debt (179) Net cash/(debt) (1) $ 67 Strong cash flow from operations Over $350 million of available borrowing capacity Investment grade credit rating Note: (1) Non-GAAP reconciliation 19 Secure Logistics. Worl
Slide 20: Strong Financial Performance: Long-Term Objectives
Strong Financial Performance Long-Term Objectives Revenue High single-digit % growth per year Operating Margins Improve by 50 bps per year 20 Secure Logistics. Worldwide BRINK’S
Slide 21: Execution Creates Value: Cumulative Stock Total Return
Strong Financial Performance Execution Creates Value Cumulative Stock Total Return (1) ($) 350 300 250 200 150 100 50 Brink's: $325.45 S&P Midcap 400: $173.62 S&P 500: $126.19 2001 2002 2003 2004 2005 2006 2007 2008 Year-End December 31, 2001 Through August 31, 2008 Note: (1) $100 invested on Decemb
Slide 22: Summary
Summary Solid core industry dynamics Premier brand Leader in business segments Proven operational excellence Global footprint Growth strategy Strong financial performance 22 Secure Logistics. Worldwide BRINK’S
Slide 23: Appendix
Appendix 23 Secure Logistics. Worldwide BRINK’S
Slide 24: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non-GAAP Reconciliation Revenue 2003 2004 2005 2006 2007 1H 2007 1H 2008 Brink's as reported 1,689.0 1,931.9 2,113.3 2,354.3 2,734.6 1,285.1 1,590.6 Divestiture of UK cash handling operations (25.3) (33.9) - - - - - Pro-Forma 1,663.7 1,898.0 2,113.3 2,354.3 2,734.6 1,285.1 1,