Exhibit (c)(2)

December 14, 2020 Cardtron i cs plc Board Discussion Materials

2 These materials have been prepared and are provided by Goldman Sachs on a confidential basis solely for the information and assistance of the Board of Directors (the "Board") of Cardtronics Plc (the "Company") in connection with its consideration of the matters referred to herein . These materials and Goldman Sachs’ presentation relating to these materials (the “Confidential Information”) may not be disclosed to any third party or circulated or referred to publicly or used for or relied upon for any other purpose without the prior written consent of Goldman Sachs . The Confidential Information was not prepared with a view to public disclosure or to conform to any disclosure standards under any state, federal or international securities laws or other laws, rules or regulations, and Goldman Sachs does not take any responsibility for the use of the Confidential Information by persons other than those set forth above . 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3 As of Dec - 2020 | ($ in millions, except per share) Review of Management’s Synthesis Case Source: Management Synthesis Case approved for Goldman Sachs’ use by Catalyst (“Management Synthesis Case”). 1 2020E and 2021E Adj. EBITDA includes business rate recovery of $37mm and $12.7mm, respectively. Actuals Projections CAGR FYE Dec-31 2019A 2020E 2021E 2022E 2023E 2024E 2025E '20E-'25E '22E-'25E Income Statement North America $863 $778 $831 $886 $928 $966 $1,007 5.3% 4.4% % Growth 6.9% 6.6% 4.7% 4.1% 4.2% Europe & Africa $396 $268 $319 $321 $335 $342 $348 5.4% 2.7% % Growth 18.8% 0.9% 4.4% 2.1% 1.7% Australia & New Zealand $100 $70 $72 $69 $65 $61 $57 (3.8)% (6.0)% % Growth 3.4% (4.3)% (6.4)% (5.8)% (5.7)% Eliminations and Other $(10) $(6) $0 $(5) $(5) $(5) $(5) Revenue $1,349 $1,110 $1,222 $1,271 $1,323 $1,364 $1,407 4.9% 3.5% % Growth (17.7)% 10.1% 4.0% 4.1% 3.1% 3.2% Cost of Revenue $(885) $(704) $(778) $(804) $(838) $(866) $(887) % of Revenue (65.6)% (63.4)% (63.7)% (63.3)% (63.3)% (63.5)% (63.0)% SG&A $(158) $(141) $(163) $(171) $(175) $(178) $(182) % of Revenue (11.7)% (12.7)% (13.3)% (13.4)% (13.2)% (13.1)% (12.9)% Stock-Based Compensation $21 $22 $22 $22 $22 $22 $22 % of Revenue 1.6% 2.0% 1.8% 1.7% 1.7% 1.6% 1.6% Adjusted EBITDA¹ $308 $267 $281 $296 $311 $320 $339 4.9% 4.6% % Growth (13.5)% 5.6% 5.2% 4.9% 3.2% 5.8% % Margin 22.8% 24.0% 23.0% 23.3% 23.5% 23.5% 24.1% Adjusted EPS $2.52 $1.73 $1.90 $2.29 $2.79 $3.14 $3.48 15.0% 15.0% % Growth (31.2)% 9.7% 20.4% 22.2% 12.3% 10.8% h h Cash Flow Capex $125 $90 $98 $102 $106 $109 $113 4.6% 3.5% % of Revenue 9.3% 8.1% 8.0% 8.0% 8.0% 8.0% 8.0% EBITDA - Capex $183 $176 $184 $194 $205 $211 $226 5.1% 5.2% % Growth (3.6)% 4.1% 5.9% 5.3% 3.2% 7.2% % Margin 13.6% 15.9% 15.0% 15.3% 15.5% 15.5% 16.1%

4 ($ in millions, except per share values) Illustrative Transaction Overview Source: CapitalIQ , Management Synthesis Case. 1 Share price of $25.87 on unaffected date of 08 - Dec - 2020, denoting date prior to most recent 13D filing on 09 - Dec - 2020. 2 Denotes implied fully diluted market capitalization based on 44.490mm basic shares outstanding, and options diluted calculated using the Treasury Stock Method, based on 1.298mm PSUs, 614k RSUs, 217k options at $22.31 strike price, 133k options at $31.99 strike price, and 234k options at $20.92 strike price as of 13 - Dec - 2020, per Catalyst management. 3 Based on Q3 2020A data, per latest Company filings. 4 Denotes trading day VWAPs calculated as of unaffected date of 08 - Dec - 2020. 5 Since pre - COVID S&P high of 20 - Feb - 2020. Unaffected¹ Apollo Final Bid Purchase Price per Share $25.87 $35.00 Premium to Unaffected Share Price¹ $ 25.87 0.0% 35.3% Basic Shares Outstanding 44.490 44.490 Options Dilution 1.987 2.097 Fully Diluted Shares Outstanding 46.477 46.587 Diluted Equity Value² $1,202.4 $1,630.5 (+) Total Debt³ 914.4 914.4 (-) Cash and Cash Equivalents³ (263.5) (263.5) (+) Minority Interest³ (0.1) (0.1) Enterprise Value $1,853.2 $2,281.3 Premium to Unaffected Prices ⁴ Price VWAP 30 Days $ 21.93 18.0% 59.6% VWAP 90 Days 21.51 20.3 62.7 VWAP 180 Days 21.85 18.4 60.2 VWAP Since COVID ⁵ 23.62 9.5 48.2 52 Week High (on 01/22/2020) 46.94 (44.9) (25.4) 52 Week Low (on 04/01/2020) 15.93 62.4 119.7 Multiples Analysis Metric Management Synthesis Case 2020E EV/EBITDA $267 7.0x 8.6x 2021E EV/EBITDA 281 6.6 8.1 2022E EV/EBITDA 296 6.3 7.7 2020E P/E $1.73 14.9x 20.2x 2021E P/E 1.90 13.6 18.4 2022E P/E 2.29 11.3 15.3

5 $ 27.06 $ 36.20 $ 6.01 $ 58.74 $ 22.67 $ 37.11 $ 28.46 $ 35.70 $ 20.62 $ 38.11 $ 15.93 $ 46.94 $ 21.00 $ 35.00 - $ 40.00 4 Key Metric Preliminary Range Assumptions / Observations Discounted Cash Flow Analysis – Synthesis Case uFCF 5 - year DCF, cash flow discounted back to 30 - Sep - 2020 Low: 8.5% WACC, 6.0x LTM EBITDA High: 7.5% WACC, 7.5x LTM EBITDA Present Value of Future Share Price NTM Adj. P/E Multiple range of 12.0x - 16.0x NTM Adj. P/E 9.5% cost of equity Premia Analysis Premium range of 10% – 38% based on range of 25 th – 75 th percentile of 1 - day premia for precedent transactions; all - cash, control transactions of U.S. - based targets $1 - $10bn in EV since 2015 1 Precedent Transactions 3 2020E EBITDA $267mm Low: 3.5x LTM EBITDA High: 12.7x LTM EBITDA Based on LTM EBITDA multiples for selected payments transactions For Reference Public Comps 2021E EBITDA $281mm Low: 5.7x 2021E EBITDA High: 8.6x 2021E EBITDA Based on range of 2021E EBITDA multiple for selected core ATM / Cash peers, as of 11 - Dec - 2020 52 - Week Range High: 22 - Jan - 2020 Low: 01 - Apr - 2020 Analyst Price Targets Range of price targets for 5 analysts High: Wells Fargo (10 - Dec - 2020) 5 Low: Barclays (30 - Oct - 2020) Implied Share Prices | ($ in millions) Illustrative Summary of Financial Analyses Source: Management Synthesis Case. Market data per CapitalIQ . 1 Premia analysis calculated on unaffected share price of $25.87. 2 Share price on unaffected date of 08 - Dec - 2020, denoting date prior to most recent 13D filing, per CapitalIQ . 3 Implied share price calculated based on Q3 2020A net debt balance of $651mm and minority interest of $(0.1)mm; 44.490mm basic shares outstanding; and options diluted calculated using the Treasury Stock Method, based on 1.298mm PSUs, 614 k R SUs, 217k options at $22.31 strike price, 133k options at $31.99 strike price, and 234k options at $20.92 strike price as of 13 - Dec - 2020, per Catalyst management. 4 $35 denotes upper range prior to 13D filing on 09 - Dec - 2020; $40 denotes upper range per reports available as of 11 - Dec - 2020. 5 Note Wells Fargo (10 - Dec - 2020) research report states that bids could fall between the $40 - $45 range. Apollo Final Bid: $35.00 Unaffected Share Price 2 : $25.87

6 Management Synthesis Case | ($ in millions) Illustrative Discounted Cash Flow Source: Company filings, Management Synthesis Case. Note: Valuation as of 30 - Sep - 2020. 1 Implied share price calculated based on Q3 2020A net debt balance of $651mm and minority interest of $(0.1)mm; 44.490mm basic shares outstanding; and options diluted calculated using the Treasury Stock Me thod, based on 1.298mm PSUs, 614k RSUs, 217k options at $22.31 strike price, 133k options at $31.99 strike price, and 234k options at $20.92 strike price as of 13 - Dec - 2020, per Catalyst management. Implied Share Price 1 Implied Perpetuity Growth Rate 12 Month Period Ending December 31st Terminal CAGR 2021E 2022E 2023E 2024E 2025E Value '21E - '25E Unlevered Free Cash Flows Revenue $1,222 $1,271 $1,323 $1,364 $1,407 $1,407 3.6% Adj. EBITDA $281 $296 $311 $320 $339 $339 4.8% (-) D&A (158) (148) (141) (132) (126) (126) (-) Stock Based Compensation Expense (22) (22) (22) (22) (22) (22) EBIT $102 $127 $148 $167 $191 $191 17.1% (-) Cash Taxes (26) (33) (38) (43) (50) (50) NOPAT $75 $94 $109 $124 $141 $141 17.1% (+) D&A 158 148 141 132 126 126 (-) Capital Expenditures (98) (102) (106) (109) (113) (113) (-) ∆ Working Capital (8) 7 5 3 3 3 Unlevered Free Cash Flows $127 $147 $150 $149 $158 $158 5.5% Growth (%) 15.1% 2.2% (0.6)% 6.1% Terminal LTM Exit Multiple 6.0x 6.5x 7.0x 7.5x 7.5% $ 28.78 $ 31.26 $ 33.73 $ 36.20 7.8% 28.35 30.79 33.23 35.67 8.0% 27.91 30.33 32.74 35.15 8.3% 27.48 29.87 32.26 34.63 8.5% 27.06 29.42 31.78 34.13 WACC Terminal LTM Exit Multiple Terminal Exit Multiple 6.0x 6.5x 7.0x 7.5x 7.5% (0.2)% 0.3 % 0.8 % 1.2 % 7.8% (0.0) 0.5 1.0 1.4 8.0% 0.2 0.8 1.3 1.7 8.3% 0.5 1.0 1.5 1.9 8.5% 0.7 1.2 1.7 2.2 WACC

7 Present Value of Future Share Price Source: Management Synthesis Case. Future share price discounted to 11 - Dec - 2020. Note: Present Value includes the projected future share price based on the assumed range of NTM Adj. P/E multiples discounted ba ck to 11 - Dec - 2020 at 9.5% cost of equity, based on an Axioma historical Beta of 1.44. Note: Assumes no dividend payout, in line with Catalyst historical patterns. 1 Share price on unaffected date of 08 - Dec - 2020, denoting date prior to most recent 13D filing. Dec - 2021 Dec - 2022 Dec - 2023 EPS $1.90 $2.29 $2.79 Cost of Equity 9.5% Apollo final bid: $35.00 Unaffected price 1 : $25.87 Future Value of Share Price Present Value of Future Share Price $ 22.67 $ 24.93 $ 27.83 $ 26.45 $ 29.09 $ 32.47 $ 30.23 $ 33.24 $ 37.11 $15 $20 $25 $30 $35 $40 $45 $50 2020 2021 2022 $ 22.79 $ 27.44 $ 33.54 $ 26.59 $ 32.01 $ 39.12 $ 30.38 $ 36.58 $ 44.71 $15 $20 $25 $30 $35 $40 $45 $50 2020 2021 2022 12.0x NTM Adj. P/E 14.0x NTM Adj. P/E 16.0x NTM Adj. P/E

8 5.5 x 12.5 x 12.7 x 7.7 x 3.5 x 11.0 x Precedent Transaction Analysis Multiples of LTM EBITDA | ($ in millions) Target: G4S Verifone Paysafe DirectCash Payments Outerwall Wincor Nixdorf Acquirer: Brink's Francisco Partners Blackstone, CVC Catalyst Apollo Diebold Announced: Feb - 20 Apr - 18 Jul - 17 Oct - 16 Jul - 16 Nov - 15 Deal Value (USD): $ 860 $ 3,381 $ 4,152 $ 464 $ 1,533 $ 1,832 Source: Company filings, investor presentations, press releases. Note: Consistent with Catalyst Adj. EBITDA, multiples of LTM EB ITDA represent EBITDA with SBC added back, where possible. Catalyst / DirectCash Payments is pro forma for DirectCash Payments’ simultaneous acquisition of First Data’s Australian ATM assets, estimated to contribute US $10mm in annual EBITDA

9 Historical M&A Premia Source: Dealogic , CapitalIQ . Data as of 11 - Dec - 2020. Note: Premium is relative to target share price 1 trading day, 30 trading day, 90 trading day, and 52 - week high prior to announc ement for all - cash control deals with U.S. targets $1 - $10 billion in value. 1 Premium is relative to Catalyst share price 1 trading day, 30 trading day, 90 trading day, and 52 - week high prior to the most r ecent 13D filing on 09 - Dec - 2020. Deal Count: 41 56 41 47 38 19 U.S. Based Targets | $1 - $10bn EV | Cash - Only Deals | All Industries 17.4 % 21.2 % 14.4 % 17.2 % 20.1 % 26.8 % 34.9 % 39.2 % 29.7 % 25.1 % 37.2 % 47.9 % 35.2 % 49.0 % 32.5 % 35.5 % 42.8 % 64.1 % 10.2 % 3.5 % 8.0 % 5.6 % 6.9 % 12.2 % 2015 2016 2017 2018 2019 YTD2020 1 Day 30 Day 90 Day 52 Week High 1 Day 30 Day 90 Day 52 Week High 25th Percentile 9.9% 20.5% 23.8% (2.5)% 75th Percentile 37.9% 50.1% 61.0% 16.6% Apollo Final Bid ($35.00)¹ 35.3% 84.3% 59.2% (25.4)%

10 Comparison of Selected Companies Source: Company filings, IBES, CapitalIQ , pricing date as of 11 - Dec - 2020. 1 Denotes implied fully diluted market capitalization based on 44.490mm basic shares outstanding, and options diluted calculated using the Treasury Stock Method, based on 1.298mm PSUs, 614k RSUs, 217k options a t $ 22.31 strike price, 133k options at $31.99 strike price, and 234k options at $20.92 strike price as of 11 - Dec - 2020, per Catalyst management. 2 Based on share price of $25.87 on unaffected date of 08 - Dec - 2020, denoting date prior to most recent 13D filing on 09 - Dec - 2020. 3 Enterprise value calculated based on Q3 2020A net debt balance of $651mm and minority interest of $(0.1)mm. 3 , Closing % of 52 Equity Price Week Market Enterprise EV/EBITDA Company 11-Dec-2020 High Cap Value 2020 2021 2020 2021 Catalyst Unaffected (08-Dec-2020)¹ ² $25.87 55.1% $1,202 $1,853 7.2x 6.6x 16.0x 14.1x ATM / Cash NCR $33.51 93.7% 4,494 7,423 8.3x 7.2x 19.8x 13.4x The Brink's Co 69.18 71.8 3,570 5,587 10.6 8.6 23.1 15.8 Loomis 27.43 56.0 2,064 2,800 6.4 5.7 15.3 11.0 Diebold Nixdorf 10.86 86.4 879 3,080 7.0 6.2 16.7 6.4 Median - ATM / Cash 79.1% 7.6x 6.7x 18.3x 12.2x Reference FIS $147.82 93.9% $92,514 $110,891 21.0x 17.9x 27.0x 22.2x Fiserv 114.82 92.7 78,709 99,929 18.3 15.8 26.0 21.2 Jack Henry & Associates 155.82 78.3 11,939 11,744 21.4 20.4 31.4 30.8 Western Union 22.13 78.2 9,265 11,064 9.0 8.4 12.0 11.1 Euronet Worldwide 132.89 79.5 7,173 6,889 24.1 12.8 54.5 23.6 Green Dot 56.18 87.0 3,109 2,957 14.9 13.0 28.3 24.8 Evertec 40.30 100.0 2,956 3,304 13.9 13.4 19.9 17.4 Median - Reference 87.0% 18.3x 13.4x 27.0x 22.2x Cash P/E Multiples

11 Research Views on Catalyst (For Reference) Analyst Price Targets 1 Source: Wall Street Research . Market data as of 08 - Dec - 2020. 1 Excludes analysts without price targets , including Barrington ( sell ), Northcoast ( hold ), Gabelli & Co ( hold ) and William Blair (NA). 2 Based on share price of $25.87 on unaffected date of 08 - Dec - 2020, denoting date prior to most recent 13D filing on 09 - Dec - 2020. 3 On 10 - Dec - 2020, Wells Fargo upgraded price target from $35 to $40. On 09 - Dec - 2020, DA Davidson upgraded price target from $34 to $39 and Truist price target of $35 remained unchanged . Other listed analyst price targets remain unchanged as of end of Oct - 2020. 4 Wells Fargo states that bids could fall between $40 - $45. 5 DA Davidson states that bids could fall between $37 - $42. 6 Truist states ~$40 is a “ more reasonable ” price . Prem. to 08 - Dec - 2020 Share Price (Unaffected) 2 55 % 51 % 35 % 4 % (19) % Price Target Date 3 12/10 12/9 12/9 10/30 10/30 Buy Hold 5 4 6 Post - 13D Increase $35.00 $34.00 $35.00 $27.00 $21.00 $40.00 $39.00

12 Weighted Average Cost of Capital Source: 3Q2020 company filings. Market data as of 11 - Dec - 2020. Assumes tax rate of 26% per Management Synthesis Case (2022E and thereafter). Note: ATM / Cash includes NCR, Brink’s, Diebold Nixdorf, and Loomis. Financial Technology includes Euronet , FIS, Fiserv, Western Union, Jack Henry, GreenDot , and Evertec . 1 Target estimate based on average historical capital structure at May 2019, YE 2019, and projected capital structure 2020E - 2023E ; 2 Current Yield on the U.S. 20 - Year Treasury; 3 Axioma historical beta; 4 Duff & Phelps' US Risk Premium since 1957; 5 Pre - tax cost of debt and blended company tax rate as provided by management, accounting for debt and statutory rates abroad. Evolution of Historical Beta WACC Sensitivities Catalyst ATM / Cash Financial Technology Debt / Total Capitalization 7.52% 30% 35% 40% 45% 5.0% 7.8 % 7.5 % 7.2 % 6.9 % 5.2% 7.8 7.5 7.2 7.0 5.4% 7.8 7.6 7.3 7.0 5.6% 7.9 7.6 7.4 7.1 Pre-Tax Cost of Debt Historical Beta 7.52% 1.30 1.40 1.50 1.60 5.0% 7.0 % 7.3 % 7.7 % 8.0 % 5.2% 7.0 7.4 7.7 8.1 5.4% 7.1 7.4 7.8 8.2 5.6% 7.1 7.5 7.8 8.2 Pre-Tax Cost of Debt Target Capital Structure¹ Debt / Total Capitalization 35.0% Equity / Total Capitalization 65.0% Cost of Equity Risk-Free Rate² 1.4% Levered Beta³ 1.44 Equity Risk Premium ⁴ 5.6% Cost of Equity 9.5% Cost of Debt Pre-Tax Cost of Debt 5.2% Tax Shield Percentage ⁵ 26.0% After-Tax Cost of Debt 3.8% Weighted-Average Cost of Capital 7.5% 0.50 0.75 1.00 1.25 1.50 1.75 2.00 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 1.44 1.65 1.01

13 Catalyst Valuation Evolution Unaffected Date (08 - Dec - 2020) 1 NTM EV/EBITDA Multiple NTM Adj. P / E Multiple LTM EV / EBITDA Multiple Source: Capital IQ and IBES estimates as of 08 - Dec - 2020. 1 Based on share price of $25.87 on unaffected date of 08 - Dec - 2020, denoting date prior to most recent 13D filing on 09 - Dec - 2020. Current Multiple (11 - Dec - 2020): 9.4x Current Multiple (11 - Dec - 2020): 19.7x EV/ LTM EBITDA 5Y Avg. 3Y Avg. 1Y Avg. 6M Avg. 3M Avg. 5Y

Δ 10th 25th 50th 75th 90th Catalyst 7.5x 7.2x 7.0x 6.5x 6.5x (0.7)x 5.9x 6.5x 7.6x 8.4x 9.2x Percentile NTM P/E 5Y Avg. 3Y Avg. 1Y Avg. 6M Avg. 3M Avg. 5Y Δ 10th 25th 50th 75th 90th Catalyst 13.6x 14.2x 13.3x 13.5x 12.3x 3.2x 9.5x 11.5x 13.8x 15.8x 17.3x Percentile 0.0x 5.0x 10.0x 15.0x Dec-2015 Oct-2016 Aug-2017 Jun-2018 Apr-2019 Feb-2020 Dec-2020 LTM EBITDA Multiple 7.5 x 0.0x 10.0x 20.0x 30.0x Dec-2015 Oct-2016 Aug-2017 Jun-2018 Apr-2019 Feb-2020 Dec-2020 NTM P/E Multiple 14.1 x