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

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87 Non‐GAAP Reconciliation  The Brink’s Company and subsidiaries Non-GAAP Results Reconciled to GAAP (Unaudited) (In millions, except for percentages and per share amounts) Full First Half 2012 2013 2014 2014 2015 Revenues: Non-GAAP $ 3,235.0 3,331.5 3,350.5 $ 1,655.0 1,503.7 Other items not allocated to segments (a) 342.6 447.1 211.8 153.6 32.7 GAAP $ 3,577.6 3,778.6 3,562.3 $ 1,808.6 1,536.4 Operating profit (loss): Non-GAAP $ 166.7 147.0 124.2 $ 44.8 71.2 Other items not allocated to segments (a) (4.5) 16.2 (151.7) (109.8) (72.9) GAAP $ 162.2 163.2 (27.5) $ (65.0) (1.7) EPS: Non-GAAP $ 1.61 1.25 1.01 $ 0.31 0.68 Other items not allocated to segments (a) 0.49 0.11 (2.12) (1.44) (0.93) Income tax rate adjustment (b) – – – (0.07) (0.02) GAAP $ 2.11 1.35 (1.12) $ (1.19) (0.28) (a) See “Other Items Not Allocated To Segments” on appendix slides 83-85 for pretax amounts and details. Other Items Not Allocated To Segments for EPS is the total effect of the same items on EPS in the consolidated statements of income (loss). (b) Non-GAAP EPS has been adjusted to reflect an effective income tax rate in each interim period equal to the full-year non-GAAP effective income tax rate. The estimated full-year non-GAAP effective tax rate is 42.0% for 2015 and was 45.7% for 2014.
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