Brink'S Co (BCO)

[@LaughinPaulRyan]

Drivers of Cash Usage
in a Recession
• Cash usage in 2008-2009 grew significantly with
government stimulus and constrained consumer
credit
• Unbanked and underbanked households increase
with higher unemployment and increased credit
card losses
Brink’s Stable in a Recession
• During 2008-2010 recession – Brink’s U.S.
revenue remained largely stable
• Cash management services required at
customers’ locations, even if volume is reduced
• Unbanked and underbanked continue to transact
in cash