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

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77 Segment Overview:  EMEA Revenue Market Dynamics 503 541 556 274 228 3% 6% 4% 3% (1%) 2012 2013 2014 1H14 1H15 Organic Growth  Debt crisis in Greece hampered domestic financial activities and cash supply chain  Cautious economic outlook across the region… sluggish luxury market  Customers looking for cost savings in addition to CIT and cost of cash Operating Profit Revenue / Operating Profit 45 47 53 21 17 9.0 8.7 9.4 7.7 7.6 2012 2013 2014 1H14 1H15 % Margin  Exit of CIT business in Germany executed in 2013; one-off guarding contract with US Embassy concluded Jan ‘15  Severe pressure on profitability for core CIT services and luxury segments, partially offset by productivity initiatives  Strong pipelines with customers partnership programs in advanced markets  Evaluate strategic options for unattractive operations (%)($MM) (%)($MM) Difficult environment, focus on growth in profitability
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