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

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78 Segment Overview:  Asia Revenue Market Dynamics 126 134 140 67 77 4% 11% 7% 3% 13% (5.0) (3.0) (1.0) 1.0 0 50 100 150 200 250 300 2012 2013 2014 1H14 1H15 Organic Growth  China economy slowing… lower demand impact both domestic activities and regional economies  Cost cutting pressure prevails among banks and retailers  Regulatory restrictions on commodity trading adds further uncertainties Operating Profit Revenue / Operating Profit 15 21 23 10 12 11.8 15.6 16.5 15.4 16.0 (40.0) (20.0) 0.0 20.0 0 10 20 30 2012 2013 2014 1H14 1H15 % Margin  1H15 organic revenue growth under challenging economic environment  Strategic expansion into new geographies and partnerships  Profitability growth driven by high-margin tailor-made solutions for banks, innovative premium pricing, as well as productivity and loss reduction (%)($MM) (%)($MM) High margin segment with solid position in key markets
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