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): May 30, 2012

THE BRINK’S COMPANY

(Exact name of registrant as specified in its charter)

Virginia	001-09148	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 7.01. Regulation FD Disclosure.

On May 30, 2012, The Brink’s Company updated the slides that it uses for meetings with investors and analysts.  A copy of the updated slides is furnished as Exhibit 99.1 hereto.

Item 9.01. Financial Statements and Exhibits.

(d)	Exhibits
	99.1	Updated slide presentation of The Brink’s Company.

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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: May 30, 2012	By:	/s/ Joseph W. Dziedzic
		Joseph W. Dziedzic
		Vice President and Chief Financial Officer

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EXHIBIT INDEX

EXHIBIT                      DESCRIPTION

99.1 Updated slide presentation of The Brink’s Company.

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EX-99.1

The Brink’s Company
Investor Overview

NYSE:BCO

May 2012

Exhibit 99.1

Forward-Looking Statements

This presentation, including questions and answers, contains 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 in our press release dated April 26, 2012, 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
today only and the company assumes no obligation to update any forward-
looking statements.

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Today’s Presentation

¢Business Overview

¢Growth Opportunities

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¢Premier Brand

   ¢Safety, security, service, trust

¢Global Footprint

   ¢Unique operational advantage

   ¢Supports high-value Global Services business

¢Market Fundamentals

   ¢Cash growing worldwide

   ¢Increased outsourcing

   ¢Dangerous world

   ¢Economic recovery, interest rates

¢Growth Opportunities

   ¢Maximize profits in developed markets

   ¢Expand in emerging markets

   ¢Invest in solutions and adjacent markets

Investment Highlights

4

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¢World’s Largest Secure Logistics Company

¢2011 Revenue $3.9 billion

¢Premier global brand

¢Customers in more than 100 countries

¢~71,000 employees; 1,100facilities and 13,000
vehicles

¢Global Cash-In-Transit (CIT) network supports
growth in High-Value Services

Company Snapshot

2011 Revenue

($3.9 billion)

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Diverse Business Lines: CIT Drives High-Value Services

–Cash, coins, checks and
other valuables; ATM
services

¢Global Infrastructure

–Supports Global Services
and Cash Logistics

High-Value Services

¢Global Services

–Secure long-distance
transport of valuables

¢Cash Logistics

–Money processing

–Vaulting

–CompuSafe® Service

¢Adjacencies

–Payment Services

–Commercial Security

Security Services

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¢Guarding in select countries

–Airports, embassies

High-Value Services…High-Margin Solutions

CIT Footprint Supports High-Value Services

¢Global Services

¢Secure Logistics of valuables over long distances

¢Diamonds, jewelry, banknotes, precious metals

¢12,000 Customers… 5,000 Cities… 1,400 daily shipments

¢Cash Logistics

¢Money Processing

¢Vaulting

¢CompuSafe® Service

¢Adjacent Services

¢Extending our brand into new markets

¢Commercial Security, Payment Processing

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¢Maximize profits in developed markets

¢EMEA, North America

¢Invest in growth opportunities

¢Emerging markets:
BRIC, LATAM, Asia-Pacific

¢High-Value Services:
Global Services, Cash Logistics

¢Adjacencies:
Commercial Security, Payment Processing

Global Secure Logistics
Market

Source:Internal Company Estimates based on most recently available data

Global Leader…Global Growth Strategy

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Leading Share in Fragmented Market

Long-Term Goal:Deliver Shareholder Value

Organic
Revenue

8 - 10%

Growth

Segment

Margin

Target

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Note:Segment margin is calculated on Non-GAAP segment profit.

See Appendix for reconciliation to GAAP.

2011

2011 Revenue: $1.3B

Region Overview:

¢ 2011:5% organic growth…low single-digit margin

¢ Diverse competitive, regulatory and threat environments

¢ Customers want outsourced solutions

Strategy:

¢ Europe:Maximize CIT profits; increase efficiency; fix
        underperformers

¢ Invest in High-Value Services and Developing Markets

EMEA:Improve Operating Performance

10

2011 Revenue: $974M

Region Overview:

¢Market leader

¢2011:Organic revenue flat…3.6% margin

¢Price andvolume pressure

Strategy:

¢Maximize CIT profits─reduce costs, improve processes

¢Remain disciplined on price, service and security

¢Shift mix to High-Value Services

North America: Maximize CIT…Grow High-Value Services

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Note:Segment margin is calculated on Non-GAAP segment profit.

See Appendix for reconciliation to GAAP.

Region Overview:

¢Growing economies

¢High-risk threat environment…customers value security

¢Growing need to protect product supply chains

¢2011: 21% organic growth, double-digit margin

Strategy:

¢Strengthen and expand footprint

¢Leverage footprint to grow High-Value Services

¢Mexico:Increase CIT margins, add High-Value Services

2011 Revenue: $1.5B

Latin America: Continued Strong Growth

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2011 Revenue: $154M

Region Overview:

¢High-growth, service-driven economies

¢Varying degrees of banking sophistication, gov’t restrictions

¢Strong in Hong Kong; growing in China, India, Japan

¢2011:17% organic revenue growth, profits up 11%

Strategy:

¢Leverage Global Services network

¢Accelerate China and India growth

¢Expand commercial security capabilities

Asia Pacific: Invest and Grow

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Financial Strength and Flexibility

nSolid Revenue Growth

n10% CAGR 2007-2011

nLate 2010 acquisitions added over $400
millionin 2011

nCash Flow Supports Continued Growth

  n~45% of Capex focused on Emerging

               Markets and High-Value Services (’09 - ’11)

nStrong Balance Sheet

nInvestment grade credit rating

n$285 million net debt; $362 million available
credit (3/31/12)

nManageable cash outflow for legacy
liabilities (see appendix page 28)

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Note:CAGR calculated on Non-GAAP revenues.Net debt is a Non-GAAP measure.
See appendix for reconciliation to GAAP.

Achieve Targets…Create Shareholder Value

2012 Outlook:

n5% to 8% organic revenue growth

nIncreased margin guidance to ~7.0%

Long-Term Targets:

n8% to 10% annual organic revenue growth

n10% segment margin

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Note:Segment margin is calculated on Non-GAAP segment profit.

See Appendix for reconciliation to GAAP.

See Appendix for Summary of 2012 Revenue and Segment Margin Outlook (GAAP and Non-GAAP)

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¢Premier Brand

   ¢Safety, security, service, trust

¢Global Footprint

   ¢Unique operational advantage

   ¢Supports high-value Global Services business

¢Market Fundamentals

   ¢Cash growing worldwide

   ¢Increased outsourcing

   ¢Dangerous world

   ¢Economic recovery, interest rates

¢Growth Opportunities

   ¢Maximize profits in developed markets

   ¢Expand in emerging markets

   ¢Invest in solutions and adjacent markets

Investment Highlights

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Appendix

Appendix

Page

5-Year Non-GAAP Revenue Growth..........................................................................19

5-Year Non-GAAP Operating Profit...........................................................................20

Summary of 2012 Revenue and Segment Margin Outlook......................................21

Reconciliation to Amounts Reported under GAAP..................................................22

2011 Segment Results, GAAP and non-GAAP...........................................................26

Legacy Liabilities.........................................................................................................28

18

Non-GAAP Revenue (1)

($MM)

(1) Non-GAAP financial information is reconciled to amounts reported under U.S. GAAP on pages 21, 22 & 23.

Non-GAAP Revenue Growth

19

Total Non-GAAP Operating Profit (1)

($MM)

Segment	197	218	173	225	247
Non-Segment	(53)	(63)	(35)	(36)	(41)
Total	145	155	138	188	206

(1) Non-GAAP financial information is reconciled to amounts reported under U.S. GAAP on pages 21, 22 & 23.

Non-GAAP Profit Growth

Amounts may not add due to rounding

20

Summary of 2012 Revenue and Segment Margin Outlook

21

			2011	Estimate	2011	Estimate
	International		12 %	7% - 10%	12 %	7% - 10%
		Total	8 %	5% - 8%	8 %	5% - 8%
	International		5 %	(4)% - (6)%	5 %	(4)% - (6)%
	North America		1 %	-	1 %	-
Segment margin
	International		6.9 %	7.0% - 8.0%	7.3 %	7.0% - 8.0%

Non-GAAP Results - Reconciled to Amounts Reported under GAAP

Non-GAAP results described in this presentation are financial measures that are not required by, or presented in accordance with generally
accepted accounting principles (“GAAP”).

Purpose of Non-GAAP Information

The purpose of the non-GAAP information is to report our financial information

    •    without income and expense items described below in 2007, 2008, 2009, 2010 and 2011,

    •    as if our results from Venezuela had been translated at the less-favorable parallel exchange rate in 2007, 2008 and 2009, and

    •    after adjusting tax expense for items described below.

 The non-GAAP information provides information to assist comparability and estimates of future performance.Brink’s believes these
measures are helpful in assessing operations and estimating future results and enable period-to-period comparability of financial
performance.Non-GAAP results should not be considered as an alternative to revenue or income amounts determined in accordance with
GAAP and should be read in conjunction with their GAAP counterparts.

a)To reduce revenues and segment operating income to reflect the 2009, 2008 and 2007 results of Venezuelan subsidiaries had they
been translated using the parallel currency exchange rate in effect at the time.The average parallel exchange rate used for the
2009 non-GAAP full-year earnings was 6.0 bolivar fuertes to the U.S. dollar, compared to an average rate of 2.2 bolivar fuertes to
the U.S. dollar that was used for the GAAP financial statements.The official rate of 2.15 bolivar fuertes to the U.S. dollar was used
for translation of Venezuela for most of 2009 until the parallel rate was adopted during December.  The use of the weaker rate to
translate 2009 non-GAAP revenues and earnings of the Venezuelan subsidiaries decreased each measure by 63%.

b)To reverse remeasurement gains and losses in Venezuela.For accounting purposes, Venezuela is considered a highly inflationary
economy.Under GAAP, subsidiaries that operate in Venezuela record gains and losses in earnings for the remeasurement of
bolivar fuerte-denominated net monetary assets.

c)To eliminate charges related to exit of Belgium cash-in-transit (CIT) business.

d)To eliminate currency losses incurred in Venezuela related to increases in cash held in U.S. dollars by Venezuelan subsidiaries. 
These losses would not have been incurred had the operations been translated at the parallel rate.

e)To eliminate gain recognized on the sale of the U.S. document destruction business, gains on available-for-sale equity and debt
securities, gains/losses related to acquisition of controlling interest in subsidiaries that were previously accounted for as equity or
cost method investments, and gains on sales of former operating assets.

f)To eliminate royalty income from Brink’s Home Security.

g)To eliminate the cost related to the retirement of the former CEO.

h)To eliminate employee benefit settlement loss related to Mexico.Portions of Brink’s Mexican subsidiaries’ accrued employee
termination benefit were paid in the second and third quarters of 2011.The employee termination benefit is accounted for under
FASB ASC Topic 715, Compensation - Retirement Benefits.Accordingly, the severance payments resulted in settlement losses.

i)To eliminate expenses related to U.S. retirement liabilities.

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See page 22 for explanation of footnotes

Reconciliation

Amounts may not add due to rounding

Non-GAAP Results - Reconciled to Amounts Reported under GAAP (Cont.)

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(In millions)		2011	2010	2009	2008	2007
Non-Segment
Reported GAAP Basis	$	(60)	(63)	(47)	(43)	(62)
Adjustments:
Venezuela Currency Loss (d)		-	-	23	-	-
Gains/Losses on Acquisitions and Asset Dispositions (e)		(10)	9	(25)	(13)	-
Royalty from BHS (f)		-	(5)	(7)	(1)	-
CEO Retirement cost (g)		4	-	-	-	-
U.S. Retirement Plans (i)		25	23	21	(5)	10
Non-GAAP Basis	$	(41)	(36)	(35)	(63)	(53)
Total Operating Profit
Reported GAAP Basis	$	171	146	167	229	161
Adjustments:
Change to Parallel Rate (a)		-	-	(43)	(49)	(27)
Remeasure Vz Net Monetary Assets (b)		-	3	-	-	-
Exit Belgium CIT Business (c)		10	13	-	-	-
Venezuela Currency Loss (d)		-	-	27	-	-
Gains/Losses on Acquisitions and Asset Dispositions (e)		(10)	9	(25)	(13)	-
Royalty from BHS (f)		-	(5)	(7)	(1)	-
CEO Retirement Cost (g)		4	-	-	-	-
Mexico Employee Benefit Settlement Losses (h)		2	-	-	-	-
U.S. Retirement Plans (i)		28	22	19	(10)	11
Non-GAAP Basis	$	206	188	138	155	145

See page 22 for explanation of footnotes

Reconciliation

Amounts may not add due to rounding

Non-GAAP Results - Reconciled to Amounts Reported under GAAP (Cont.)

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Net Debt

		March 31,	December 31,
		2012	2011
Debt:
Short-term debt	$	23.0	25.4
Long-term debt		408.9	364.0
Total Debt		431.9	389.4
Cash and cash equivalents		155.5	182.9
Less amounts held by certain cash logistics operations (a)		(8.1)	(25.1)
Amount available for general corporate purposes		147.4	157.8
Net Debt	$	284.5	231.6

(a)Title to cash received and processed in certain of our secure cash logistics operations transfers to us for a short period of time.
The cash is generally credited to customers’ accounts the following day and we do not consider it as available for general
corporate purposes in the management of our liquidity and capital resources and in our computation of Net Debt.

Net Debt is a supplemental financial measure that is not required by, or presented in accordance with GAAP.We use Net Debt as a
measure of our financial leverage.We believe that investors also may find Net Debt to be helpful in evaluating our financial leverage.

Net Debt should not be considered as an alternative to Debt determined in accordance with GAAP and should be reviewed in

conjunction with our consolidated balance sheets.Set forth above is a reconciliation of Net Debt, a non-GAAP financial measure, to

Debt, which is the most directly comparable financial measure calculated and reported in accordance with GAAP.Net Debt excluding

cash and debt in Venezuelan operations was $307 million at March 31, 2012, and $242 million at December 31, 2011.

NET DEBT RECONCILED TO AMOUNTS REPORTED UNDER GAAP

(in millions)

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2011 Segment Results, GAAP

			Organic	Acquisitions/	Currency
		2010	Change	Dispositions (b)	(c)	2011	Total	Organic
Revenues:
EMEA	$	1,200	59	(25)	63	1,297	8%	5%
Latin America		877	182	364	38	1,461	66%	21%
Asia Pacific		127	22	-	6	154	22%	17%
International		2,204	262	339	106	2,911	32%	12%
North America		918	-	49	8	974	6%	-
Total	$	3,122	263	388	114	3,886	24%	8%
Operating profit:
International	$	165	10	12	13	200	21%	6%
North America		44	(15)	1	1	31	(29%)	(33%)
Segment operating profit		209	(4)	13	14	231	11%	(2%)
Non-segment (a)		(63)	(15)	18	-	(60)	(4%)	24%
Total	$	146	(19)	31	14	171	17%	(13%)
Segment operating margin:
International		7.5%				6.9%
North America		4.8%				3.2%
Segment operating margin		6.7%				5.9%

Full Year 2011 vs. 2010

(In millions)

Segment Results - GAAP

See footnotes on page 27.

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Amounts may not add due to rounding

2011 Segment Results, non-GAAP

(In millions)			Organic	Acquisitions/	Currency
		2010	Change	Dispositions (b)	(c)	2011	Total	Organic
Revenues:
EMEA	$	1,200	59	(25)	63	1,297	8%	5%
Latin America		877	182	364	38	1,461	66%	21%
Asia Pacific		127	22	-	6	154	22%	17%
International		2,204	262	339	106	2,911	32%	12%
North America		918	-	49	8	974	6%	-
Total	$	3,122	263	388	114	3,886	24%	8%
Operating profit:
International	$	181	11	10	10	212	17%	6%
North America		43	(10)	1	1	35	(20%)	(24%)
Segment operating profit		225	-	12	10	247	10%	-
Non-segment (a)		(36)	(4)	-	-	(41)	12%	12%
Total	$	188	(4)	13	10	206	9%	(2%)
Segment operating margin:
International		8.2%				7.3%
North America		4.7%				3.6%
Segment operating margin		7.2%				6.3%

(a)Includes income and expense not allocated to segments.

(b)Includes operating results and gains/losses on acquisitions, sales and exit of businesses.

(c)Revenue and Segment Operating Profit:The “Currency” amount in the table is the summation of the monthly currency changes, plus (minus) the U.S.
dollar amount of remeasurement currency gains (losses) of bolivar fuerte-denominated net monetary assets recorded under highly inflationary accounting
rules related to the Venezuelan operations.The monthly currency change is equal to the Revenue or Operating Profit for the month in local currency, on a
country-by-country basis, multiplied by the difference in rates used to translate the current period amounts to U.S. dollars versus the translation rates used in
the year-ago month.The functional currency in Venezuela is the U.S. dollar under highly inflationary accounting rules.Remeasurement gains and losses
under these rules are recorded in U.S. dollars but these gains and losses are not recorded in local currency.Local currency Revenue and Operating Profit
used in the calculation of monthly currency change for Venezuela have been derived from the U.S. dollar results of the Venezuelan operations under U.S.
GAAP (excluding remeasurement gains and losses) using current period currency exchange rates.

Amounts may not add due to rounding

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Legacy Liabilities

Estimated Contributions to U.S. Plans
	2011	2012	2013	2014	2015	2016	2017
US Pension	$    0	45	44	51	48	43	15
UMWA	0	0	0	0	0	0	0
Black Lung/Other	7	7	6	6	5	5	5
Total	$     7	52	50	57	53	48	20

($ millions)

Under-
funding

$306

Note:Amounts based on actuarial assumptions at December 31, 2011.

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