Is This Brink’s Company’s Response To Activist Jeff Smith?

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49 Non-GAAP Revenue Bridge – 2015E to 2016E ($MM) 2016 Outlook 2016 Non‐GAAP Revenue Outlook Drivers ~$3,000 ~$3,000 150 (150) 2015 Est. 2016 Est. Organic Currency Note: See reconciliation to GAAP results in Appendix  Organic growth ~5% — Inflation-driven growth in Argentina and Brazil — Volume-driven growth in Mexico, U.S. and rest of world  Unfavorable currency estimated in Argentina (~$75 million) and Brazil (~$75 million) 2016 vs. 2015 Drivers U.S. Low single digit growth in challenging market France New business model drives favorable revenue mix Mexico Retail growth drives mid single digit growth Brazil Inflation driven growth offset by currency LatAm Argentina inflation offset by currency EMEA Limited growth in difficult economy
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