Brinks Company (the) · NYSE:BCO
Brinks Company (the) — Non-Deal Roadshow (August 2009)
26 slides from Brinks Company (the)'s roadshow presentation, Aug 4, 2009
Slide 1: Management Presentation August 5, 2009
Management Presentation August 5, 2009 Management Presentation August 5, 2009 Investor Meetings Boston EXHIBIT 99.1
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 n Introduction n Brink’s Business Overview n Financial Highlights n Summary Michael J. Cazer President Brink’s Europe, Middle East and Africa (EMEA) Edward A. Cunningham Director of Investor Relations & Corporate Communications Joseph W. Dziedzic Vice President & Chief Financial Officer
Slide 4: Brink's Company Overview
Brink’s Company Overview World’s premier security company n Founded in 1859, Brink’s is the oldest and largest secure logistics company n Approximately 57,000 employees, 900 branches and 9,400 vehicles worldwide n Diversified operations with revenue of $3.2 billion in
Slide 5: The Brink's Company
The Brink’s Company n Solid core industry dynamics n Premier brand n Leader in business segments n Proven operational excellence n Global footprint n Growth strategy n Financial performance
Slide 6: Solid Core Industry Dynamics
Solid Core Industry Dynamics Global Outsourced Cash Logistics Market Source: Central Banks, Internal Company Estimates ($Bn) $2.3 - $2.8Bn Notes in Circulation ¢ Cash use growing with GDP in developed markets ¢ Faster growth in developing economies ¢ Customer outsourcing (Cash Logistics) increasing
Slide 7: Premier Brand
Premier Brand n Globally recognized brand n A brand built on – Trust and integrity – Quality of our people – Safety and security – Operational excellence – History and heritage – Global network n 150th Anniversary in 2009
Slide 8: Leader in Business Segments: Secure Logistics Market Share
Leader in Business Segments Secure Logistics Leading Share in Fragmented Secure Logistics Market Total: $14.5 billion Brink’s Loomis G4S Others Prosegur Estimated 2008 Global Secure Logistics Market Share Source: Internal Company Estimates
Slide 9: Leader in Business Segments: Business Lines, Products and Services
Leader in Business Segments Business Lines, Products and Services 2008 Revenue (% of Total) Description High Value Services Cash-in-Transit Security Services n Armored car transportation n Point-to-point pick-up and delivery of cash, coins, checks and other valuables n ATM services n Provides infras
Slide 10: Cash Logistics: Features & Benefits
Cash Logistics Retailer Bank Leader in Business Segments Cash Logistics: Features & Benefits Benefits Brink’s Facility (Virtual Vault) l Builds on CIT & IT capabilities l Money processing (sorting, counterfeit checking, packing, distribution) l Virtual vaulting (processing & storage of cash for bank
Slide 11: CompuSafe Service
Leader in Business Segments CompuSafe ® Service Leader in Business Segments CompuSafe ® Service ¢ CompuSafe ® Service gaining traction ¢ Installed base grew 17% in ¢ Up 26% YTD through 6/30 ¢ 40% growth expected in Est
Slide 12: Relative Growth and Margins
Leader in Business Segments Relative Growth and Margins Security Services Cash-in-Transit High Value Services n Global Services n Cash Logistics n New Services
Slide 13: Proven Operational Excellence
Proven Operational Excellence n Demonstrated global expertise – Security – Risk management – Logistics – Pricing discipline – Human resource management – IT capabilities
Slide 14: Global Footprint
Global Footprint North America Asia Pacific Latin America Europe, Middle East, Africa Approximately 900 branches in 50 countries plus 66 additional countries served by Global Services Canada 54 Branches United States 197 Branches EMEA 269 Branches 26 Countries Asia Pacific 91 Branches 12 Countries L
Slide 15: Brink's Segment Revenue and Operating Profit
Global Footprint Brink’s Segment Revenue and Operating Profit Revenue Segment Operating Profit North America Asia Pacific Latin America Europe, Middle East and Africa Total: $3.2 billion International Total: $272 million December 31, 2008 December 31, 2008
Slide 16: Growth Strategy
Growth Strategy n Core 1. Continue to develop and grow high-margin products and services – Cash Logistics, CompuSafe ® Service, Global Services 2. Penetrate new geographies with strong growth potential n Plus 1. Enter new security-related markets where we can create value for customers with our bran
Slide 17: Financial Performance: Revenue Growth
Financial Performance Revenue Growth Revenue ($MM)
Slide 18: Financial Performance: Profit Growth
Financial Performance Profit Growth Segment Operating Profit 149 120 184 223 272 Corporate/Former Ops (87) (82) (73) (62) (43) Operating Profit 62 38 111 161 229 Operating Profit ($MM)
Slide 19: Financial Performance: Enhancing Margins
Financial Performance Enhancing Margins 1. Grow high-margin business – Global Services, Cash Logistics – Continue developing IT, sales & marketing capabilities 2. Grow in high-margin, high-growth geographies – BRIC, Latin America, Asia-Pacific, Africa 3. Improve or exit underperforming assets – Chal
Slide 20: Financial Performance: Balance Sheet
Financial Performance Balance Sheet Cash $178 Debt (192) Net cash/(debt) (1) ($ 14) n $14 million net debt at June 30, 2009 n Solid cash flow from operations n Over $300 million of available borrowing capacity n Investment grade credit rating Note: (1) See Non-GAAP reconciliation on page 17 of the S
Slide 21: Short and Long-Term Objectives
2009 Long-Term Organic Revenue (1) Low-to-mid single-digit % growth High single-digit % growth per year Segment Operating Margin 7.0% to 7.5% Improve by 50 bps per year Financial Performance Short and Long-Term Objectives Financial Performance Short and Long-Term Objectives (1) For details regarding
Slide 22: Financial Performance
Financial Performance Financial Performance Sources: U.S. Department of Commerce - Bureau of Economic Analysis, Internal Company Data
Slide 23: Execution Creates Value
Financial Performance Execution Creates Value ($) Note: (1) $100 invested on December 31, 2001 in stock or index. Includes reinvestment of dividends Cumulative Stock Total Return (1)
Slide 24: Financial Performance 2009 versus 2008
Financial Performance 2009 versus 2008 n Currency conversion complete n Foreign exchange impact n Higher pension expenses n Global economic weakness – Pressure on pricing and service frequency – BGS Diamond & Jewelry and Europe Difficult Comparisons with 2008 Positive Factors in 2009 n Position in N
Slide 25: Summary
Summary n Solid core industry dynamics n Premier brand n Leader in business segments n Proven operational excellence n Global footprint n Clear growth strategy n Strong financial performance
Slide 26: Secure Lo
Secure Lo