The Brink's Company 8K Other Events | BCO 10 Dec 08

Management Presentation

December 10, 2008

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 regarding factors that could
affect financial performance is readily available in our press release dated
October 30, 2008 and in our filings with the Securities and Exchange Commission,
including our most recent forms 10-K and 10-Q. Information included in this
presentation is representative as of the date of the presentation only and The
Brink’s Company assumes no obligation to update any forward-looking
statements made.

n Introduction

n Brink’s Business Overview

n Financial Highlights

n Summary

Agenda

Michael J. Cazer

Vice President &

Chief Financial Officer

Edward A. Cunningham

Director of Investor Relations &

Corporate Communications

Brink’s Company Overview

World’s premier security company

n Founded in 1859, Brink’s is
the oldest and largest secure logistics
company

n Diversified operations with LTM
revenues of $3 billion as of
September 30, 2008

n Approximately 50,000 employees,
800 facilities and 9,000 vehicles
worldwide

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 Strong financial performance

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

¢ Opportunities vary by
region

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

Leader in Business Segments
Secure Logistics

Total: $14 billion

Brink’s

Securitas / Loomis

G4S

Others

Prosegur

Leading Share in Fragmented Secure Logistics Market

Estimated 2007 Global Secure Logistics Market Share

Source: Internal Company Estimates

2007 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 infrastructure for
High Value Services

$1.5 Billion (55%)

$0.9 Billion (32%)

$0.3 Billion (13%)

n Global Services

– Secure long-distance
transport of valuables

– International shipping
by air / sea / land

n Cash Logistics Services

– Money processing

– Virtual vaulting

– Intelligent safes

n New Services

– Payment Services

n High-value niche guarding
services in select E.U. countries

n Protection of

– Airports

– Embassies

– Public venues

– Stores

Source: Internal Company Estimates

Leader in Business Segments
Business Lines, Products and Services

Cash Logistics

Retailer

Bank

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 banks)

l Intelligent safes (counting,
counterfeit checking and
networking with banks)

– CompuSafe® Service /
I-Cash / I-Deposit

Compu

Safe®

Leader in Business Segments
Cash Logistics: Features & Benefits

Benefits

Banks

Retailers

Brink’s

l Outsourcing and
cost reduction

l Reduced assets
invested in vaults

l Improved customer
service

l Expanded vaulting
capacity extends
geographic reach

l Enhanced safety
and security

l Better cash
management,
same-day credit

l Lower bank fees

l Enhanced safety
and security

l Reduced cash
administration /
more productive
employees

l Improved customer
service

l Reduced theft,
counterfeiting

l Improved
customer service

l Revenue growth,
higher margins

l Longer contracts
(“sticky”)

l Lower
transportation
costs

l Enables “full-
service” offering

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

Proven Operational Excellence

n Demonstrated global expertise

– Security

– Risk management

– Logistics

– Pricing discipline

– Human resource management

– IT capabilities

Global Footprint

North America

Asia Pacific

Latin America

Europe, Middle East, Africa

786 branches in 50 countries plus 66 additional
countries served by Global Services

Canada

56 Branches

United States

197 Branches

EMEA

269 Branches
26 Countries

Asia Pacific

31 Branches
13 Countries

Latin America

233 Branches

9 Countries

Global Footprint
Brink’s Segment Revenue and Operating Profit

Revenue

Operating Profit

North America

Asia Pacific

Latin
America

Europe, Middle East and Africa

Total: $3 billion

International

Total: $279 million

Note: (1) Last Twelve Months

LTM September 30, 2008 (1)

Growth Strategy

n Core

– Increase share in current geographic markets

– Penetrate new geographies with strong growth potential

– Continue to develop and grow high-margin products and services

Ÿ Cash Logistics, CompuSafe® Services, Global Services

– Provide full-range cash management solutions

n Plus

– Enter new security-related markets where we can create value for
customers with our brand and other competitive advantages

Ÿ Commercial Security, Payment Processing

n Acquisitions to supplement organic growth

Revenue

Strong Financial Performance
Revenue Growth

* Note: See Appendix for non-GAAP reconciliation

Brink’s as Reported	113	145	120	184	223	147	203
Adjustments (1)	9	6	2	1	1	1	8
Corporate/Former Ops	(97)	(88)	(84)	(75)	(64)	(48)	(52)
Pro Forma Op Profit	25	63	38	111	161	100	159

Pro-Forma Operating Profit

($MM)

Strong Financial Performance
Profit Growth

Note: (1) Includes effect of divestiture of UK cash handling operations and royalties from 3rd party previously reported in BHS.
Also includes external professional, legal and advisory fees related to spin-off.

* Note: See Appendix for non-GAAP reconciliation

Strong Financial Performance
Enhancing Margins

n Continue developing IT capabilities

– CompuSafe® Service, Virtual Vaulting, I-Deposit, etc.

n Investing in sales and marketing

– Selling solutions

n Grow high-margin business

– Global Services, Cash Logistics

n Grow in high-margin geographies

– BRIC, Latin America, Asia-Pacific, Africa

n Improve or exit underperforming assets

– Several countries in Europe and Latin America improving

– U.K. ground operations sold in 2007

Strong Financial Performance
Balance Sheet

n $95 million net cash at September 30, 2008

n Strong cash flow from operations

n Over $350 million of available borrowing capacity

n Investment grade credit rating

Cash	$258
Debt	(163)
Net cash/(debt)(1)	$ 95

Note: (1) Non-GAAP reconciliation

Strong Financial Performance
Long-Term Objectives

Revenue		High single-digit % growth per year
Operating Margins		Improve by 50 bps per year

Strong Financial Performance
Revenue Growth Across Economic Cycles

Sources: U.S. Department of Commerce - Bureau of Economic Analysis, Internal Company Data

Strong 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)

Summary

n Solid core industry dynamics

n Premier brand

n Leader in business segments

n Proven operational excellence

n Global footprint

n Growth strategy

n Strong financial performance

Appendix

Non-GAAP Reconciliation

Non-GAAP Reconciliation
Revenue	2003	2004	2005	2006	2007	9M 2007	9M 2008
Brink’s as reported	1,689.0	1,931.9	2,113.3	2,354.3	2,734.6	1,977.8	2,404.0
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	1,977.8	2,404.0

Non-GAAP Reconciliation
Operating Profit	2003	2004	2005	2006	2007	9M 2007	9M 2008
Brink’s as reported	112.5	144.7	119.5	184.1	223.3	146.9	202.7
Divestiture of UK cash handling operations	7.6	4.3	-	-	-	-	-
Costs related to Spin-Off(1)	-	-	-	-	-	-	6.5
Royalty (2)	1.7	1.6	2.0	1.4	1.4	0.6	1.3
Brink’s adjusted	121.8	150.6	121.5	185.5	224.7	147.5	210.5
Corporate / Former Ops	(96.8)	(88.1)	(83.9)	(74.9)	(63.5)	(47.4)	(51.6)
Pro-Forma	25.0	62.5	37.6	110.6	161.2	100.1	158.9

Note: (1) External professional, legal and advisory fees related to spin-off

(2) Royalties from 3rd party previously reported in BHS. After spin-off, the applicable royalty contract will be retained
by Brink’s.

The Brink's Company (BCO) 8-KOther Events