2010 Deutsche Bank Small & Mid-

Mid-cap Conference
February 2010
Forward Looking Statements
Certain statements and information in this presentation may constitute “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,”
“should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally
not historical in nature. These forward-looking statements are based on our current expectations and beliefs concerning
future developments and their potential effect on us. While management believes that these forward-looking statements are
reasonable as and when made, there can be no assurance that future developments affecting us will be those that we
currently anticipate. All comments concerning our expectations for future revenues and operating results are based on our
forecasts for our existing operations and do not include the potential impact of any future acquisitions. Our forward-looking
statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could
cause actual results to differ materially from our historical experience and our present expectations or projections. Important
factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not
limited to: (1) our financial outlook and the financial outlook of the ATM industry; (2) our ability to cope with and develop
business strategies dealing with the deterioration experienced in global credit markets; (3) our ability to provide new ATM
solutions to financial institutions; (4) our ATM vault cash rental needs, including liquidity issues with our vault cash providers;
(5) the implementation of our corporate strategy; (6) our ability to compete successfully with our competitors; (7) our financial
performance; (8) our ability to strengthen existing customer relationships and reach new customers; (9) our ability to meet the
service levels required by our service level agreements with our customers; (10) our ability to pursue and successfully
integrate acquisitions; (11) our ability to expand internationally; (12) our ability prevent security breaches; (13) changes in
interest rates, foreign currency rates, and regulatory requirements and (14) the additional risks we are exposed to in our
armored transport business. Other factors that could cause our actual results to differ from our projected results are described
in our Annual Report on Form 10-K for the fiscal year ended December 31, 2008 (“2008 Form 10-K”), our reports and
registration statements filed from time to time with the Securities and Exchange Commission (“SEC”) and other
announcements we make from time to time.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof.
We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether
as a result of new information, future events or otherwise.
In addition, today’s presentation includes certain non-GAAP financial measures as defined under SEC Regulation G. A
reconciliation of those measures to the most directly comparable GAAP measures has been included as an exhibit to this
presentation.

2
Who is Cardtronics and What Do We Do?
World’s leading provider of financial self-service
• World’s largest non-bank owner of automated teller machines
– As of September 30, 2009, operating 33,000 financial kiosks throughout the U.S., U.K.,
Mexico and Puerto Rico
– Placed approximately $22 billion in the hands of consumers in 2008

• Partnered under long-term contracts with 7 of the top 10 U.S. retailers

– Weighted average remaining life of 6.6 years for top 10 merchant contracts (1)

• Industry leading Financial Service offerings including ATM branding,

surcharge-free access and outsourcing
– We count approximately 1,200 financial institutions among our clients, including 6 of the 10
largest banks in the U.S. (2)

• Diversified product offerings

– Reshaped our business from simply supplying cash to providing image deposits, check
cashing, money transfers, bill payments and more

• Electronic transaction processing for our ATMs as well as third party ATMs
– Now processing transactions for over 30,000 ATMs, allowing us significantly better control
over the user experience

(1) Measured by revenues.

(2) Measured by assets.

3
Who is Cardtronics and What Do We Do?

• Provide comprehensive ATM services

including:
– Installation & placement
– Cash
– Operational monitoring
– Transaction processing
– Maintenance

• Recurring revenue streams (% of revenue):

– Surcharge (convenience) fees paid by the
consumer (52%)
– Interchange fees paid by the consumer’s financial
institution (30%)
– Branding and access fees paid by financial
institutions (13%)

• Costs include (% of revenue):

– Merchant space fees (32%)
– Cash rental and delivery (16%)
– Hardware maintenance (8%)
– Communications and processing (5%)

4
World’s Largest Non-Bank ATM Owner

Top 10 U.S. ATM Owners Top 10 Worldwide ATM Owners

Rank ATM Companies ATMs % of Total Rank ATM Companies ATMs % of Total

1 Santander (Spain) 35,000 2.0%

1 Cardtronics 28,400 6.8%
2 Cardtronics (USA) 33,000 1.9%
2 Bank of America 18,500 4.5%
3 Japan Post (Japan) 26,103 1.5%
3 JPMorgan Chase 14,265 3.4%
4 Banco do Brasil (Brazil) 25,604 1.4%
4 Wells Fargo 12,225 2.9%
5 China Construction Bank (China) 23,857 1.3%
5 PNC Financial Svcs Group 6,114 1.5%
6 Ind. & Commercial Bank of China (China) 23,420 1.3%
6 US Bancorp 4,865 1.2%
7 Banco Itau (Brazil) 22,700 1.3%
7 Citibank 3,200 0.8%
8 Agricultural Bank of China (China) 22,000 1.2%
8 Suntrust 2,500 0.6% 9 Nat’l Agricultural Co-op (South Korea) 21,010 1.2%
9 Regions Financial Corp. 2,400 0.6% 10 Bradesco (Brazil) 20,196 1.1%
10 Santander / Sovereign Bank 2,300 0.6%
TOTAL (Top 10) 252,890 14.2%
TOTAL (Top 10) 94,769 22.8% TOTAL World-wide Market 1,780,000 100.0%
TOTAL U.S. Market 415,000 100.0%
Source: Retail Banking Research, excluding Santander’s data which includes the
Source: 2008 EFT Data Book and company press releases. Excludes acquisitions of Sovereign Bank, Banco Real, Alliance & Leicester and
operators of merchant owned ATMs that are not competitive with Bradford & Bingley.
our primary business. Excludes operators of merchant owned ATMs that are not competitive with
our primary business.

5
The Cardtronics Footprint
• U.S. - Ubiquitous coverage, all 50 states
• U.K. - Established and growing market
• Mexico - Developing market

6
Blue-chip Network of Retail Merchants with High
Customer Traffic

C-Store Grocery Big Box / Rx Specialty International

7
U.S. Market Fundamentals – Currency in Circulation

$ Volume ($ in Billions)
1,000

900

800

700

600

500

400

300

200

100

0
1990 1994 1998 2002 2006 2010

• Currency in circulation includes paper currency held by the public and in the vaults of depository
institutions.

Source: Federal Reserve Bank of St. Louis

8
U.S. Market Fundamentals – Cash Usage

• The dollar volume of cash used in the U.S. economy is increasing at

the average rate of 5% per annum

$ Volume ($ in Billions)

$7,000

$6,000 $1,330
$1,169
$1,010
$858
$583 $721
$5,000

$1,722 $1,871 $2,026 $2,062

$4,000 $1,438 $1,565

$3,000

$2,093 $2,014 $1,885 $1,807 $1,699 $1,609

$2,000

$1,000
$1,309 $1,403 $1,439 $1,545 $1,636
$1,263
$0
2003 2004 2005 2006 2007 2008
Cash Check Credit Debit

Source: Nilson reports from 2003 to 2009.

9
Payments Evolution Driving ATM Usage

• 60 million adults in the US are unbanked or underbanked

• Historically, these people received pay or benefits by check
– Heavy users of check cashing services
– Many not ATM users
• Payroll and benefit payments are converting from checks to
network-branded stored value (prepaid) cards
• These cards are usable at ATM’s
• These cardholders are new customers for Cardtronics

10
U.S. Same Store Transaction Trends

• Transaction growth driven by:

•
− Consumer preferences – Surcharge-free
− Bank branding – Stored value card usage

Same-Store Withdrawal Transaction Trends(1)

6.0%

5.0%

4.0%
Y-O-Y Change

3.0%

2.0%

1.0%

0.0%

(1.0% )
Q4 '07 Q1 '08 Q2 '08 Q3 '08 Q4 '08 Q1 '09 Q2 '09 Q3 '09

W/D Transactions
(1) "Same-Store" ATMs defined as ATMs registering a transaction in the month prior to period and in the month directly after period to ensure the
exclusion of any new growth or mid-month installs. Q3 ’09 ATM same-store ATM count was ~25,200.
11
 Growth of Prepaid Cards

Annual Value Loaded ($ billions) Cards in Use (millions)

$250 100 90.3

$213.2 90
77.2
$200 80

70
($ in millions)

$141.6 58.5
$150 60

$96.0 50 39.7
$100 40
$58.1 26.8
30
$33.0
$50 20

10

$0 0
2008(A) 2009(E) 2010(E) 2011(E) 2012(E) 2008(E) 2009(E) 2010(E) 2011(E) 2012(E)

(1) Estimates per Mercator Advisory Group for open loop network-branded money and financial services cards, social security cards and
unemployment benefit payroll cards. Does not include card types less likely to be used at ATM’s such as gift cards, consumer incentive cards
and transit cards.

12
 Growth Strategy – Phase I

Optimize and grow our core cash

dispensing business

Organic unit growth opportunities

– Domestic
− Grow with our major retail partners
− Prefer bank-branded locations

– International
− Pursue selected opportunities in U.K.
− Continue rapid growth in Mexico
− Puerto Rico
− New markets

13
Growth Strategy – Phase I
Leverage our network to drive revenues per unit

• Established market leader

Bank • Approximately 11,200 U.S. kiosks
Branding currently feature a bank brand
• Our great locations drive growth

• Non-branded surcharge-free
access paid for by smaller financial
Surcharge- institutions
Free Network
• Approximately 1,200 participating
Access
financial institutions
• Also used by major stored value
card issuers

14
 Growth Strategy – Phase I

Bank Branding Surcharge-free Network Transactions

Over 11,200 Branded ATMs Over 1,200 FIs Are Customers

2.5
12000 11,163
2.08
10000 2.0

8000
1.5

6000
1.0
4000

0.5
2000

0 0.0
07

09

09
06

06

07

08

08

08
08
06

07

09
06

07

09
07

08
06

09
1

n
ay

ay

ay
n

ay

p
p

p
Q

Ja

Ja

Ja

Ja
Se

Se

Se

Se
M

M
Bank Branded ATMs Allpoint Withdrawal Transactions on Cardtronics ATMs (millions)
15
Growth Strategy – Phase I

Leverage our network to drive down costs

• Significant progress in 2009

– Maintenance costs
– Cash delivery costs
– Transaction processing costs

16
Growth Strategy – Phase II

Grow from our core strengths

• For financial institutions and retailers:

– Outsourced self-service kiosk
operations, managed services
– Better functionality, lower cost

• For the consumer:

– Bring convenience to additional
transaction types
− Image deposits
− Bill payments
− Stored value

17
Key Operating Statistics

Monthly ATM Operating Revenues / Kiosk Average Transacting Kiosks

$1,400
35,000 32,856 32,798 33,017
(1)
$1,207 $1,226 $1,215
$1,200 30,000 28,277
$1,076
26,164 25,778

$1,000 $908 25,000

$849 $825
$811
$800 20,000 17,936

$600 15,000

10,480
$400 10,000

$200 5,000

$0 0
2003 2004 2005 2006 2007 2008 3Q08 3Q09 2003 2004 2005 2006 2007 2008 3Q08 3Q09
YTD YTD YTD YTD
Merchant Owned Company Owned

(1) Decline due to negative foreign currency exchange rate movements.

18
 Key Operating Statistics (Cont’d)

Total Revenue Adjusted EBITDA (2)

$600 $100

$493 $83 $83

$500
$80

$375 (1) $63

$378 $369
$400 $61

($ in millions)
($ in millions)

$60 $53
$294
$269 $45
$300

$40 $34
$193
$200
$110 $18
$20
$100

$0 $0
2003 2004 2005 2006 2007 2008 3Q08 3Q09 2003 2004 2005 2006 2007 2008 3Q08 3Q09
YTD YTD YTD YTD

(1) Decline due to negative foreign currency exchange rate movements.

(2) EBITDA adjusted to eliminate certain one-time items. Please see appendix for reconciliation.

19
 Growth and Margin Characteristics

Maintain Grow
Total
U.S. Merchant Owned U.S. Company Owned
U.S. Equipment Sales U.K. Mexico
(1) (1)
3Q08 3Q09 Change 3Q08 3Q09 Change 3Q08 3Q09 Change

Average ATM Count 10,641 10,054 (5.5%) 22,465 22,941 2.1% 33,106 32,995 (0.3%)

Revenue ('000s) $24,152 $21,807 (9.7%) $103,106 $111,394 8.0% $127,258 $133,201 4.7%
% of Total Revenue 19.0% 16.4% 81.0% 83.6% 100.0% 100.0%

Gross Profit ('000s) $3,814 $3,621 ($193) $26,951 $38,911 $11,960 $30,765 $42,532 $11,767

Gross Margin 15.8% 16.6% 26.1% 34.9% 24.2% 31.9%

“Growth” segment showing 8% revenue growth and

improved margins

(1) 3Q08 average currency rate applied to 3Q09 to maintain a constant currency basis.

20
Improved Leverage Profile

Total Leverage Ratio(1)

6.00x
5.64x
5.29x
5.50x

5.00x
4.57x
4.35x
4.50x 4.25x 4.26x
4.10x

4.00x 3.75x
4.12x

3.50x 3.15x

3.00x 2.76x

2.50x

2.00x
Q207 Q307 Q407 Q108 Q208 Q308 Q408 Q109 Q209 Q309 Q409

(1) Calculated using adjusted EBITDA pro forma for 7-11 acquisition. Debt includes capital leases.

Cardtronics has significantly improved its leverage profile

21
Strong Liquidity Position

Revolving Line of Credit and Senior Sub Notes

Revolving Line of Credit Senior Subordinated Notes
Size $175 million $300 million
Maturity May 2012 Aug 2013
Amortization None None
Rate L+2.00% 9.25%
Debt Balance as of 12/31/2009 0 N/A

Financial Covenants
Requirement Actual (9/30/2009)
Senior Debt / EBITDA < 2.50 0.28 No such maintenance
Fixed Charge Coverage >1.35 2.69 covenants

2009 - $40 MM Reduction in Debt through Operating Cash Flow

Credit Ratings Upgraded by S&P (BB-), and Moody’s (B2)

22
Summary

World’s Largest Non-Bank ATM Network – The Market Leader

Blue-Chip Network of Retail Merchants

– Major Retail Merchants
– Financial Institutions

Leading Provider of Financial Service Solutions

Proven Business Model with Significant Growth Characteristics

– Recurring Revenue Streams, Long-Term Contracts
– Low-Cost Operator
– Scalable Operating Model
– Organic and Acquisition Growth Opportunities

Experienced Management Team

23
Appendix: Adjusted EBITDA Reconciliation

Adjusted EBITDA ($ in millions)

Q308 Q309
2003 2004 2005 2006 2007 2008 YTD YTD

Net income (loss) before cumulative effect of change

in accounting priciple, as reported $3.2 $5.8 ($2.4) ($0.5) ($27.1) ($70.0) ($12.9) $3.8
Plus:
Income tax expense (benefit) 2.0 3.6 (1.2) 0.5 4.6 0.9 0.2 3.3
Interest expense, net, including amortization and write 2.2 5.2 22.4 25.1 31.2 33.2 24.8 24.6
off of financing costs and bond discounts
Depreciation, accretion, and amortization 7.5 12.3 21.9 30.5 45.7 58.0 42.6 43.0
Goodwill impairment - - - - - 50.0 - -
EBITDA $14.9 $26.9 $40.7 $55.6 $54.4 $72.1 $54.8 $74.7
Add back:
Other (income) expense and noncontrolling interests 0.1 0.2 1.0 (4.8) 1.4 3.7 (1.3) (1.7)
Effects of certain noncash or nonrecurring items, including 3.4 6.5 3.5 2.1 5.1 7.2 9.3 9.8
acquisition-related costs, stock-based compensation,
Triple-DES security upgrade costs, in-house processing
conversion costs, and other non-cash or one-time items
Adjusted EBITDA $18.4 $33.6 $45.2 $52.9 $60.9 $83.0 $62.8 $82.8

24