Brinks Company (the) · NYSE:BCO
Brinks Company (the) — Q3 2026 Earnings Presentation
41 slides from Brinks Company (the)'s earnings presentation, Nov 4, 2026
Slide 1: 2026 Earnings
IBRINKS 2026 Earnings November 4, 2026
Slide 2: Forward-Looking Statements and Non-GAAP Results
© The Brink’s Company 2026. | 2 Forward-Looking Statements and Non-GAAP Results These materials contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including the safe harbor provisions of the Priva
Slide 3: Third Quarter Performance Highlights
Third Quarter Performance Highlights Accelerating AMS/DRS Organic Growth Strong Free Cash Flow Performance with Leverage Reductions Q3 TTM Free 4% Total organic growth $41 3M Cash Flow 40% Q3 TTM Free Cash 1 6% AMS / DRS organic Flow Conversion growth y) 6 Net Debt to “OX Adjusted EBITDA
Slide 4: Complementary Offerings and Service Capabilities Deepen Customer Relationships and Expand Addressable Markets
© The Brink’s Company 2026 | | 4 Complementary Offerings and Service Capabilities Deepen Customer Relationships and Expand Addressable Markets Illustrative addressable market values based on management estimates and market research; not a projection of future revenue. Potential combined offering is
Slide 5: Synergy Capture to Achieve $200M Run-Rate by YE 2029
© The Brink’s Company 2026 | | 5 $30 $100 $170 $200 2027 2028 2029 2030 Synergies Realized In-Year Original Current $47 $183 $120 Service Network and Infrastructure Procurement Additional Synergy Opportunities Identified Beyond Original $200M SG&A Redundant public company costs Duplicative managem
Slide 6: NCR Atleos Acquisition Regulatory Update
© The Brink’s Company 2026 | | 6 • Required FDI approval process complete • 14 required approvals received • Key approvals in all segments and markets including the United Kingdom and other required European countries • All key money transmitter licensing closing conditions met • A total of 61 juris
Slide 7: NCR Atleos Acquisition Timeline Update
© The Brink’s Company 2026 | | 7 May 11, 2026 NCR Atleos Acquisition Timeline Update Timeline expected to move to early January 2027 behind significant regulatory progress U.S. Regulatory approval after early termination. Regulatory approval. February 26, 2026 Deal announcement. Shareholders of Brin
Slide 8: AMS/DRS Continues to Deliver Growth and Profitability
© The Brink’s Company 2026 | | 8 $359 $530 $743 $1,012 $1,212 $1,462 10% 13% 16% 21% 24% 28% 31.6% 2020 2021 2022 2023 2024 2025 2026 Target AMS/DRS Cash & Valuables Mgmt AMS/DRS Percent of Total AMS/DRS Continues to Deliver Growth and Profitability • Consistent strong pricing discipline • Continuin
Slide 9: New Long-Term Agreement with a Top Bank
© The Brink’s Company 2026 | | 9 New Long-Term Agreement with a Top Bank Providing Increased Density and Scale Key Customer Win - Building Strong Backlog for 2027 Growth Acceleration ~ 1,000 Significant Footprint Expansion in Key Market ATMs ~ 450 Branches
Slide 10: Brink's Wins Shared ATM Network in Luxembourg
© The Brink’s Company 2026 | | 10 Brink’s Wins Shared ATM Network in Luxembourg Network consortium of five Luxembourg banks providing seamless cash access under the BANCOMAT brand 24/7 Monitoring and Service CIT & Cash Forecasting First & Second Line Maintenance Transaction Processing and Acquiring
Slide 11: Margin Expansion Momentum Continues in North America
© The Brink’s Company 2026 | | 11 $129 $168 $154 $217 $228 $259 $276 $332 $356 11.7% 12.3% 12.2% 15.4% 14.4% 16.2% 16.8% 19.0% 20.0% 2018 2019 2020 2021 2022 2023 2024 2025 2026 3Q TTM Pandemic Margin Expansion Momentum Continues in North America North America Adj. EBITDA and Adj. EBITDA Margins CAG
Slide 12: Q3 Financial Results
© The Brink’s Company 2026 | | 12 Q3 Financial Results
Slide 13: Third-Quarter 2026 Results
© The Brink’s Company 2026 | | 13 Third-Quarter 2026 Results (non-GAAP, $ millions, except EPS) Notes: See detailed reconciliations of non-GAAP to GAAP results included in the Third Quarter 2026 Earnings Release available in the Results section of the Brink’s website www.brinks.com. See detailed rec
Slide 14: Third-Quarter 2026 Revenue and Adjusted EBITDA vs 2025
© The Brink’s Company 2026 | | 14 Third-Quarter 2026 Revenue and Adjusted EBITDA vs 2025 (non-GAAP, $ millions) Revenue $1,335 ( $14 ) $62 ( $23 ) $1,360 $15 $1,375 2025 Revenue Organic Cash & Valuables Mgmt. Organic DRS & AMS Acq / Disp* 2026 Constant Currency Revenue FX 2026 Revenue Notes: Amounts
Slide 15: Third-Quarter 2026 Adjusted EBITDA vs 2025
© The Brink’s Company 2026 | | 15 $208 ( $66 ) ( $39 ) ( $1 ) $102 $61 $66 $39 $5 $274 Op Profit Interest Expense Taxes Interest Income & Other Income from Continuing Ops D&A Interest Expense Taxes Stock Comp & Other Adj. EBITDA Third-Quarter 2026 Adjusted EBITDA vs 2025 (non-GAAP, $ millions) 19.9%
Slide 16: 2026 Capital Allocation Framework
© The Brink’s Company 2026 | | 16 2026 Capital Allocation Framework Notes: See detailed reconciliations of non-GAAP to GAAP results in the Appendix and included in the Third Quarter 2026 Earnings Release available in the Quarterly Results section of the Brink’s website www.brinks.com. Capital alloca
Slide 17: Full Year 2026 Framework and Fourth Quarter 2026 Guidance
© The Brink’s Company 2026 | | 17 Full Year 2026 Framework and Fourth Quarter 2026 Guidance (non-GAAP, $ millions, except EPS) The 2026 Non-GAAP outlook amounts cannot be reconciled to GAAP without unreasonable effort, as we are unable to accurately forecast certain amounts that are necessary for re
Slide 18: Strategic Clarity of NCR Atleos Combination
© The Brink’s Company 2026 | | 18 Strategic Clarity of NCR Atleos Combination Improving Cost Synergy Potential and Pace Accelerating • Realization accelerated with closing timeline • High potential for increased synergies post close Integration Management Office Established • Two-in-a-box approach •
Slide 19: Appendix
© The Brink’s Company 2026 | | 19 Appendix
Slide 20: Third-Quarter 2026 Revenue & Adjusted EBITDA by Segment vs 2025
© The Brink’s Company 2026 | | 20 Third-Quarter 2026 Revenue & Adjusted EBITDA by Segment vs 2025 ($ millions) Notes: See detailed reconciliation of non-GAAP to GAAP Segment Adjusted EBITDA results in the Appendix. Constant currency represents 2026 results at 2025 exchange rates. $435 $440 2025 2026
Slide 21: Third-Quarter 2026 Revenue & Operating Profit by Segment vs 2025
© The Brink’s Company 2026 | | 21 Third-Quarter 2026 Revenue & Operating Profit by Segment vs 2025 ($ millions) Note: Constant currency represents 2026 results at 2025 exchange rates. $435 $440 2025 2026 $57 $62 2025 2026 13.1% Margin 14.0% Margin $327 $354 2025 2026 $66 $65 2025 2026 20.2% Margin 1
Slide 22: Net Debt and Net Leverage
© The Brink’s Company 2026 | | 22 Net Debt and Net Leverage Note: See detailed reconciliations of non-GAAP to GAAP results in the Appendix and included in the Third Quarter 2026 Earnings Release available in the Quarterly Results section of the Brink’s website www.brinks.com. Amounts may not add due
Slide 23: 2024 Non-GAAP Results Reconciled to GAAP
© The Brink’s Company 2026 | | 23 2024 Non-GAAP Results Reconciled to GAAP The Brink’s Company and subsidiaries (In millions, except for per share amounts) Amounts may not add due to rounding. (a) See “Other Items Not Allocated To Segments” on slides 25-29 for details. (b) See "Reconciliations of No
Slide 24: Non-GAAP Results Reconciled to GAAP (2018-2024 Adj EBITDA)
© The Brink’s Company 2026 | | 24 Non-GAAP Results Reconciled to GAAP (2018-2024 Adj EBITDA) The Brink’s Company and subsidiaries (In millions, except for per share amounts) Non-GAAP results should not be considered as an alternative to results determined in accordance with GAAP and should be read i
Slide 25: Other Items Not Allocated to Segments (Unaudited)
© The Brink’s Company 2026 | | 25 Other Items Not Allocated to Segments (Unaudited) The Brink’s Company and subsidiaries (In millions) Brink’s measures its segment results before income and expenses for corporate activities and for certain other items. See below for a summary of the other items not
Slide 26: Other Items Not Allocated to Segments (Unaudited)
© The Brink’s Company 2026 | | 26 Other Items Not Allocated to Segments (Unaudited) The Brink’s Company and subsidiaries (In millions) 2024 Acquisitions and Dispositions • Amortization expense for acquisition-related intangible assets was $58.3 million in 2024. • Net charges of $2.4 million were inc
Slide 27: Other Items Not Allocated to Segments (Unaudited)
© The Brink’s Company 2026 | | 27 Other Items Not Allocated to Segments (Unaudited) The Brink’s Company and subsidiaries (In millions) 2021 Acquisitions and Dispositions • Amortization expense for acquisition-related intangible assets was $47.7 million in 2021. • We incurred $10.5 million in integra
Slide 28: Other Items Not Allocated to Segments (Unaudited)
© The Brink’s Company 2026 | | 28 Other Items Not Allocated to Segments (Unaudited) The Brink’s Company and subsidiaries (In millions) Argentina highly inflationary impact Beginning in the third quarter of 2018, we designated Argentina's economy as highly inflationary for accounting purposes. As a r
Slide 29: Other Items Not Allocated to Segments (Unaudited)
© The Brink’s Company 2026 | | 29 Other Items Not Allocated to Segments (Unaudited) The Brink’s Company and subsidiaries (In millions) Ship loss matter In 2015, Brink’s placed cargo containing customer valuables on a ship which suffered extensive damages and losses of cargo. Our cargo did not suffer
Slide 30: Non-GAAP Measures and Reconciliations to GAAP Measures
© The Brink’s Company 2026 | | 30 Non-GAAP Measures and Reconciliations to GAAP Measures Non-GAAP measures described below and included in this filing are financial measures that are not required by or presented in accordance with GAAP. The purpose of the disclosure of these non-GAAP measures is to
Slide 31: Non-GAAP Measures and Reconciliations to GAAP Measures
© The Brink’s Company 2026 | | 31 Non-GAAP Measures and Reconciliations to GAAP Measures In addition to the rationale described above, we believe the following non-GAAP metrics are helpful in assessing cash flow and financial leverage consistent with how our management evaluates performance: • Free
Slide 32: 2018-2020 Non-GAAP Reconciliation – Segment Adjusted EBITDA
© The Brink’s Company 2026 | | 32 2018-2020 Non-GAAP Reconciliation – Segment Adjusted EBITDA The Brink’s Company and subsidiaries (In millions) Segment Adjusted EBITDA: 2018 2019 2020 Full Year Full Year Full Year GAAP amounts Add back: Depreciation and amortization Segment Adjusted EBITDA GAAP amo
Slide 33: 2021-2023 Non-GAAP Reconciliation – Segment Adjusted EBITDA
© The Brink’s Company 2026 | | 33 2021-2023 Non-GAAP Reconciliation – Segment Adjusted EBITDA The Brink’s Company and subsidiaries (In millions) Segment Adjusted EBITDA: 2021 2022 2023 Full Year Full Year Full Year GAAP amounts Add back: Depreciation and amortization Segment Adjusted EBITDA GAAP amo
Slide 34: 2018-2023 Adjusted EBITDA Reconciliation
© The Brink’s Company 2026 | | 34 2018-2023 Adjusted EBITDA Reconciliation The Brink’s Company and subsidiaries (In millions) (a) See detailed reconciliations of the 2018 to 2020 Segment Adjusted EBITDA on slide 32. See detailed reconciliations of the 2021 to 2023 Segment Adjusted EBITDA on slide 33
Slide 35: 2018-2023 Non-GAAP Results Reconciled to GAAP
© The Brink’s Company 2026 | | 35 2018-2023 Non-GAAP Results Reconciled to GAAP The Brink’s Company and subsidiaries (In millions) (a) See “Other Items Not Allocated To Segments” for the full years ended 2018-2023 on slides 25-29 for details. (b) See "Reconciliations of Non-GAAP to GAAP Measures" on
Slide 36: 2024-2025 Non-GAAP Reconciliation – Segment Adjusted EBITDA
© The Brink’s Company 2026 | | 36 2024-2025 Non-GAAP Reconciliation – Segment Adjusted EBITDA The Brink’s Company and subsidiaries (In millions) Segment Adjusted EBITDA: 2024 2025 Full Year Q1 Q2 Q3 Full Year GAAP amounts Add back: Depreciation and amortization Segment Adjusted EBITDA GAAP amounts A
Slide 37: Q1-Q3 2026 Non-GAAP Reconciliation – Segment Adjusted EBITDA
© The Brink’s Company 2026 | | 37 Q1-Q3 2026 Non-GAAP Reconciliation – Segment Adjusted EBITDA The Brink’s Company and subsidiaries (In millions) Segment Adjusted EBITDA: 2026 Q1 Q2 Q3 GAAP amounts Add back: Depreciation and amortization Segment Adjusted EBITDA GAAP amounts Add back: Depreciation an
Slide 38: 2024-2026 Adjusted EBITDA Reconciliation
© The Brink’s Company 2026 | | 38 2024-2026 Adjusted EBITDA Reconciliation The Brink’s Company and subsidiaries (In millions) (a) See detailed reconciliations of the First, Second, and Third Quarter 2026 on slide 37. See detailed reconciliations of the First, Second, and Third Quarter 2025, the full
Slide 39: 2024-2026 Non-GAAP Results Reconciled to GAAP
© The Brink’s Company 2026 | | 39 2024-2026 Non-GAAP Results Reconciled to GAAP The Brink’s Company and subsidiaries (In millions) (a) See “Other Items Not Allocated to Segments” for the full year ended 2024 on slides 25-29 for details. See “Other Items Not Allocated To Segments” details included in
Slide 40: 2023-2024 Non-GAAP Reconciliation – Cash Flows
© The Brink’s Company 2026 | | 40 2023-2024 Non-GAAP Reconciliation – Cash Flows The Brink’s Company and subsidiaries (In millions) (a) Free cash flow before dividends is a supplemental financial measure that is not required by, or presented in accordance with, GAAP. See slides 30-31 for further inf
Slide 41: 2025-2026 Non-GAAP Reconciliation – Net Debt
© The Brink’s Company 2026 | | 41 2025-2026 Non-GAAP Reconciliation – Net Debt The Brink’s Company and subsidiaries (In millions) a) Net Debt is a supplemental non-GAAP financial measure that is not required by or presented in accordance with GAAP. See slides 30-31 for further information and descri