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

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58 Note: See reconciliation to GAAP results in Appendix Non‐GAAP Operating Profit Outlook and  Key Drivers Non-GAAP Operating Profit Bridge – 2015E to 2016E ($MM) Organic Currency $150 – 160 $200 – 220 75 – 85 (25) 2015 Est. 2016 Est. Margin 5.0% – 5.3% 6.7% – 7.3% Drivers 2016 vs. 2015 Currency  Argentina and Brazil currency devaluation Organic  Revenue growth and efficiencies in Argentina, U.S. and Mexico drive profit growth  Restructuring generates ~$25 million in savings — Corp expenses ~$10 — IT structure and projects ~$10  Lower investment in Global Payments prepaid card ~$10 million
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