8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

___________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):  February 19, 2009

THE BRINK’S COMPANY

(Exact name of registrant as specified in its charter)

Virginia	1-9148	54-1317776
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1801 Bayberry Court

P. O. Box 18100

Richmond, VA 23226-8100

(Address and zip code of

principal executive offices)

Registrant’s telephone number, including area code: (804) 289-9600

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

[  ]           Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]           Soliciting materials pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]           Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The Compensation and Benefits Committee and the Board of Directors of The Brink’s Company (the “Company”) took the following actions at their meetings on February 19 and 20, 2009:

1.   Award of cash bonuses to the executive officers under the Management Performance Improvement Plan, the Company’s long-term cash incentive compensation plan, for the three year period ended December 31, 2008 in the following amounts: Michael T. Dan, Chairman of the Board, President and Chief Executive Officer, $1,809,600; Frank T. Lennon, Vice President and Chief Administrative Officer, $361,920; and Matthew A.P. Schumacher, Controller, $90,480.

2.   Award of discretionary cash bonuses under the Company’s Key Employees Incentive Plan to the executive officers for the year ended December 31, 2008 in the following amounts: Mr. Dan, $1,500,000; Michael J. Cazer, Vice President and Chief Financial Officer, $250,000; Mr. Lennon, $300,000; McAlister C. Marshall, II, Vice President, General Counsel and Secretary, $80,000; and Mr. Schumacher, $110,000.

Item 8.01.                                Other Events.

On February 24, 2009, representatives of the Company are meeting with investors and analysts. A copy of the slides to be presented is furnished as Exhibit 99.1 hereto, and is incorporated herein by reference.

Item 9.01.                                Financial Statements and Exhibits.

(d)           Exhibits

99.1     Slide presentation of The Brink’s Company

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	THE BRINK’S COMPANY
	(Registrant)
Date: February 23, 2009	By:	/s/ McAlister C. Marshall, II
		McAlister C. Marshall, II Vice President, General Counsel and Secretary

3

EXHIBIT INDEX

EXHIBIT                                DESCRIPTION

99.1                         Slide presentation of The Brink’s Company

4

EX-99.1

Management Presentation

Management Presentation

February 24, 2009

February 24, 2009

2

Forward-looking Statements

This presentation, including questions and answers, may contain both
historical and forward-looking information within the meaning of the Private
Securities Litigation Reform Act of 1995.Actual results could differ materially
from projected results.Additional information regarding factors that could
affect financial performance is readily available in our press release dated
February 4, 2009 and in our filings with the Securities and Exchange Commission,
including our most recent forms 10-K and 10-Q.Information included in this
presentation is representative as of the date of the presentation only and The
Brink’s Company assumes no obligation to update any forward-looking
statements made.

nIntroduction

nBrink’s Business Overview

nFinancial Highlights

nSummary

3

Agenda

Michael J. Cazer

Vice President &

Chief Financial Officer

Edward A. Cunningham

Director of Investor Relations &

Corporate Communications

4

Brink’s Company Overview

World’s premier security company

nFounded in 1859, Brink’s is
the oldest and largest secure
logistics company

nDiversified operations with revenue
of $3.2 billion in 2008

nApproximately 57,000 employees,
800 facilities and 9,400 vehicles
worldwide

5

The Brink’s Company

nSolid core industry dynamics

nPremier brand

nLeader in business segments

nProven operational excellence

nGlobal footprint

nGrowth strategy

nStrong financial performance

6

Solid Core Industry Dynamics

Global Outsourced Cash Logistics Market

Source:Central Banks, Internal Company Estimates

($Bn)

$2.3 - - $2.8Bn

Notes in Circulation

¢Cash use growing with
GDP in developed markets

¢Faster growth in
developing economies

¢Customer outsourcing
(Cash Logistics) increasing

¢Opportunities vary by
region

7

Premier Brand

nGlobally recognized brand

nA brand built on

–Trust and integrity

–Quality of our people

–Safety and security

–Operational excellence

–History and heritage

–Global network

n150th Anniversary in 2009

8

Leader in Business Segments
Secure Logistics

Total: $14.5 billion

Brink’s

Securitas / Loomis

G4S

Others

Prosegur

Leading Share in Fragmented Secure Logistics Market

Estimated 2008 Global Secure Logistics Market Share

Source:Internal Company Estimates

9

2008 Revenue
(% of Total)

Description

High Value Services

Cash-in-Transit

Security Services

nArmored car transportation

nPoint-to-point pick-up and
delivery of cash, coins, checks
and other valuables

nATM services

nProvides infrastructure for
High Value Services

$1.7 Billion(53%)

$1.1 Billion(35%)

$0.4 Billion(12%)

nGlobal Services

–Secure long-distance
transport of valuables

–International shipping
by air / sea / land

nCash Logistics Services

–Money processing

–Virtual vaulting

–Intelligent safes

nNew Services

–Payment Services

nHigh-value niche guarding
services in select E.U. countries

nProtection of

–Airports

–Embassies

–Public venues

–Stores

Source:Internal Company Estimates

Leader in Business Segments
Business Lines, Products and Services

Cash Logistics

Bank

Brink’s
Facility

(Virtual
Vault)

lBuilds on CIT & IT
capabilities

lMoney processing (sorting,
counterfeit checking,
packing, distribution)

lVirtual vaulting (processing &
storage of cash for banks)

lIntelligent safes (counting,
counterfeit checking and
networking with banks)

–CompuSafe® Service /
I-Cash / I-Deposit

Compu

Safe®

Leader in Business Segments
Cash Logistics:Features & Benefits

Benefits

Banks

Retailers

Brink’s

lOutsourcing and
cost reduction

lReduced assets
invested in vaults

lImproved customer
service

lExpanded vaulting
capacity extends
geographic reach

lEnhanced safety
and security

lBetter cash
management,
same-day credit

lLower bank fees

lEnhanced safety
and security

lReduced cash
administration /
more productive
employees

lImproved customer
service

lReduced theft,
counterfeiting

lImproved
customer service

lRevenue growth,
higher margins

lLonger contracts
(“sticky”)

lLower
transportation
costs

lEnables “full-
service” offering

10

Leader in Business Segments
Relative Growth and Margins

11

Security Services

Cash-in-Transit

High Value Services

nGlobal Services

nCash Logistics

nNew Services

12

Proven Operational Excellence

nDemonstrated global expertise

–Security

–Risk management

–Logistics

–Pricing discipline

–Human resource management

–IT capabilities

Global Footprint

13

North America

Asia Pacific

Latin America

Europe, Middle East, Africa

Canada

54 Branches

United States

197 Branches

EMEA

269 Branches
26 Countries

Asia Pacific

91 Branches
12 Countries

Latin America

262 Branches

9 Countries

14

Global Footprint
Brink’s Segment Revenue and Operating Profit

Revenue

Segment Operating Profit

North America

Asia Pacific

Latin
America

Europe, Middle East and Africa

Total: $3.2 billion

International

Total: $272 million

December 31, 2008

December 31, 2008

15

Growth Strategy

nCore

–Increase share in current geographic markets

–Penetrate new geographies with strong growth potential

–Continue to develop and grow high-margin products and services Cash
Logistics, CompuSafe® Services, Global Services

–Provide full-range cash management solutions

nPlus

–Enter new security-related markets where we can create value for
customers with our brand and other competitive advantages

ŸCommercial Security, Payment Processing

nAcquisitions to supplement organic growth

16

Revenue

($MM)

Strong Financial Performance
Revenue Growth

17

Operating Profit

($MM)

Strong Financial Performance
Profit Growth

Segment Operating Profit

149

120

184

223

272

Corporate/Former Ops

(87)

(82)

(73)

(62)

(43)

Operating Profit

62

38

111

161

229

18

Strong Financial Performance
Enhancing Margins

nContinue developing IT capabilities

–CompuSafe® Service, Virtual Vaulting, I-Deposit, etc.

nInvesting in sales and marketing

–Selling solutions

nGrow high-margin business

–Global Services, Cash Logistics

nGrow in high-margin geographies

–BRIC, Latin America, Asia-Pacific, Africa

nImprove or exit underperforming assets

–Challenges in Europe, Latin America improving

–U.K. ground operations sold in 2007

19

Strong Financial Performance
Balance Sheet

n$62 million net cash at December 31, 2008

nStrong cash flow from operations

nOver $300 million of available borrowing capacity

nInvestment grade credit rating

Cash

$251

Debt

(189)

Net cash/(debt)(1)

$ 62

Note: (1) Non-GAAP reconciliation

20

2009

Long-Term

Organic (1)
Revenue

Mid-to-high single-digit
% growth

High single-digit %
growth per year

Operating
Margin

Approaching 8%

Improve by 50 bps per
year

(1) Organic revenue is a non-GAAP measure.For details regarding organic revenue growth, see Pages 17 and 18
of the company’s earnings release dated February 4, 2009.

Strong Financial Performance
Short and Long-Term Objectives

Strong Financial Performance
Short and Long-Term Objectives

21

Strong Financial Performance
2009 versus 2008

nContinued economic weakness,
lower margins expected

nForeign exchange impact

nCurrency conversion complete

nHigher pension expenses

nHigher tax rate

Difficult Comparisons with 2008

Positive Factors in 2009

nContinued disciplined execution

nStrong balance sheet, net cash
positive

nPosition in North America is
strong and improving

nMore outsourcing by banks and
retailers

nAcquisition opportunities at
more reasonable values

nCorporate expenses lower

22

Strong Financial Performance
Revenue Growth Across Economic Cycles

Strong Financial Performance
Revenue Growth Across Economic Cycles

Sources:U.S. Department of Commerce - Bureau of Economic Analysis, Internal Company Data

Strong Financial Performance
Execution Creates Value

($)

Note: (1) $100 invested on December 31, 2001 in stock or index. Includes reinvestment of dividends

Cumulative Stock Total Return (1)

23

24

Summary

nSolid core industry dynamics

nPremier brand

nLeader in business segments

nProven operational excellence

nGlobal footprint

nGrowth strategy

nStrong financial performance