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

Page 51 of 90

51 Note: All metrics relate to Large 5 Markets only Global Procurement Impact in Large 5 Markets Key Global Tenders Executed in 2015Armored Vehicles (Acquisition Cost per Vehicle) 2013 2015 Est. ~20% reduction  Global tenders  Value engineer vehicle design  Match vehicle type to environment Estimated Savings in 2015 ($MM) Estimated 5 – 10% savings  Armored vehicle tires  Liability bags  Money processing equipment  Office supplies  Facility cleaning Estimated > 10% savings  Laptops/desktops  Telecom services  Security equipment  Managed print 2013 2015 Est.Lower Operating Costs Lower Capital Expenditures ~$10 – 12 ~$8 – 10
Page 51 of 90