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||||| BRINKS Brink's Announces Three - Year Strategic Plan and Financial Targets December 15 , 2021 Digital Cash Payment Solutions Add New Layer of Growth 2024 Targets Include Annual Organic Revenue Growth of 7 % , Adjusted EBITDA of $ 1 Billion Management Affirms 2021 Guidance and 2022 Targets RICHMOND , Va . , Dec. 15 , 2021 ( GLOBE NEWSWIRE ) -- The Brink's Company ( NYSE : BCO ) , the global leader in total cash management , route - based secure logistics and payment solutions , disclosed its three - year strategic plan and 2024 financial targets in connection with its Investor Day event , which is being webcast today at 8:30 a.m. ET . The introduction of the company's new digital cash payment solutions is a major focus of today's investor presentation . Doug Pertz , chief executive officer , said : “ Brink's is evolving from a route - based logistics company with growing organic revenue and expanding margins into a key player in the broader payments ecosystem-- with a focus on digital cash payment solutions . Our vision is to disrupt the cash management industry by offering a step change in value to a large addressable market of retailers that are currently underserved , or not served at all , by our industry . " While cash usage accounts for approximately two - thirds of global consumer transactions , it's clear that the payments ecosystem is changing , and we're changing with it . Our digital solutions enable us to accelerate revenue and profit growth while continuing to play a critical role in facilitating economic inclusion , especially for vulnerable populations around the world that depend on cash . " Pertz added : " We plan to achieve our 2024 financial targets by executing on two strategies . Strategy 1.0 is all about operational excellence , and is a continuation and expansion of the organic initiatives that made our first three - year strategic plan so successful , including revenue growth of 27 % and operating profit growth of 81 % from 2017 to 2019 . " Strategy 2.0 is focused on adding a new layer of high - margin growth by introducing digital cash payment solutions that enable retailers to process cash as easily as they process cards and other digital payments . Most retailers already have a digital solution to accept cards and other payments , but they don't have a digital solution to manage cash payments , which account for a significant portion of their transactions . We have that solution , and we believe it will change the way customers and investors look at Brink's . Our Strategy 2.0 digital solutions , including our growing ATM managed services business , give us a sustainable , first mover competitive advantage . We expect these solutions to add an incremental 10 % of total revenue by 2024. " As part of its go - to - market strategy , the company is launching BLUbeem TM by Brink's® , a new brand for its digital cash payment solutions . Through partnerships with digital payment providers , BLUbeem digital cash payment solutions will be integrated with non - cash digital solutions and point- of - sale ( POS ) systems to provide a single solution for cash , card and digital payments . Financial Targets Management expects annual organic revenue growth of at least 7 % to add over $ 1 billion of new revenue over the next three years , resulting in 2024 revenue of $ 5.3 billion to $ 5.5 billion , non - GAAP operating profit of approximately $ 800 million , adjusted EBITDA of approximately $ 1 billion , and free cash flow of approximately $ 575 million . The company believes achieving these targets will deliver a total shareholder return of 20 % or more annually . Management affirmed 2021 guidance , with revenue in a range between $ 4.1 billion and $ 4.2 billion and adjusted EBITDA of approximately $ 660 million at the midpoint . Management also affirmed its 2022 target range for adjusted EBITDA of $ 785 million to $ 825 million . The company will provide more information regarding 2022 during today's investor presentation and when it releases fourth - quarter results in February 2022 . Investor Day Brink's is hosting a virtual Investor Day event today , December 15 , 2021 , beginning at 8:30 a.m. ET . The event includes presentations by senior management and will be followed by a live question - and - answer session . To access the live webcast of the presentation , visit the Brink's Investor Relations page at https://investors.brinks.com at least 15 minutes prior to the presentation to register for the event . The webcast will be available for replay beginning on December 16 , approximately 24 hours after the completion of the event . About The Brink's Company The Brink's Company ( NYSE : BCO ) is the global leader in total cash management , route - based secure logistics and payment solutions including cash - in - transit , ATM services , cash management services ( including vault outsourcing , money processing and intelligent safe services ) , and international transportation of valuables . Our customers include financial institutions , retailers , government agencies , mints , jewelers and other commercial operations . Our global network of operations in 53 countries serves customers in more than 100 countries . For more information , please visit our website at www.brinks.com or call 804-289-9709 . Non - GAAP Financial Measures Non - GAAP financial measures described in this press release are financial measures that are not required by or presented in accordance with U.S. generally accepted accounting principles ( " GAAP " ) . The 2021 Non - GAAP outlook , the 2022 Non - GAAP target amount for adjusted EBITDA and the 2024 Non - GAAP target amounts for operating profit , adjusted EBITDA and free cash flow cannot be reconciled to GAAP without unreasonable effort . We cannot reconcile these amounts to GAAP because we are unable to accurately forecast the impact of highly inflationary accounting on our Argentina operations or other potential Non - GAAP adjusting items for which the timing and amounts are currently under review , such as future restructuring actions . We are also unable to forecast changes in cash held for customer obligations or proceeds from the sale of property , equipment and investments . The impact of highly inflationary accounting and other potential Non - GAAP adjusting items could be significant to our GAAP results . The Non - GAAP financial measures are intended to provide investors with a supplemental comparison of our operating results and trends for the periods presented . Our management believes these measures are also useful to investors as such measures allow investors to evaluate our