Diebold Nixdorf Incorporated · NYSE:DBD
Diebold Nixdorf — Q4 2022 Earnings Presentation
16 slides from Diebold Nixdorf's earnings presentation, Feb 9, 2023
Slide 1: Fourth Quarter 2022 Earnings
Fourth Quarter 2022 Earnings February 9, 2023 DieboldNixdorf.com
Slide 2: Use of non-GAAP Financial Information
Use of non-GAAP Financial Information To supplement its condensed consolidated financial statements presented in accordance with GAAP, the company considers certain financial measures that are not prepared in accordance with GAAP, including non-GAAP results, adjusted diluted earnings per share, free
Slide 3: Forward-looking Statements
Forward-looking Statements This document and the exhibits hereto may contain statements that are not historical information and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecas
Slide 4: FY 2022 Highlights
FY 2022 Highlights Closed TSA Solid demand evidenced by $1.4B backlog which provides strong revenue coverage for 2023 Continued shift to DN Series cash recyclers Growth of 30% in connected devices for our DN AllConnectSM Data Engine Positive results from our customer survey resulting in 92% of our b
Slide 5: 2023 Operating Priorities
2023 Operating Priorities In 2023, we will focus on deleveraging and free cash flow conversion through our shared focus on the following priorities: Deliver our products Stabilize and grow Reinvigorate and maintain our core and what we our culture operational excellence do best Deliver Grow Recurrin
Slide 6: Financial Highlights
Financial Highlights Total Revenue ($M) Adjusted EBITDA ($M)** $126 $977 $969 $830 $852 $104 $810 $76 $71 $15 Q4-21* Q1-22 Q2-22 Q3-22 Q4-22 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Year-End Liquidity ($M) Commentary $400 $375+ $345 $300 • Completed refinancing of material near-term debt maturities, $200 provi
Slide 7: Debt Maturities
Debt Maturities Balances as of Interest Rate Facilities Maturity Dates December 31, 2022 ($M) Index & Margin2 Term Loan B USD – Legacy $13 LIBOR +2.75% November 2023 Term Loan B EUR – Legacy $5 EURIBOR +3.00% November 2023 Senior Unsecured Notes – Legacy3 $72 8.50% April 2024 USD Senior Secured Note
Slide 8: Q4 2022 Banking Highlights
Q4 2022 Banking Highlights Continued shift to DN Series™ cash recycling ATMs in North America, as financial institutions increasingly focus on their branch transformations Secured an ~$11 million deal with a European entity’s France location for DN Series cash recyclers, bringing their total fleet o
Slide 9: Q4 2022 Banking Highlights
Q4 2022 Banking Highlights Banking Revenue ($M) Banking Segment Operating Profit ($M)** $763 $120 $689 $102 $563 $590 $580 $81 $83 $46 25.7% 25.7% 24.7% 22.7% Q4-21* Q1-22 Q2-22 Q3-22 Q4-22 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 ATM Units Revenued Banking Commentary 18,000 17,000 • Banking backlog of ~$1.1B
Slide 10: Q4 2022 Retail Highlights
Q4 2022 Retail Highlights Self-checkout (SCO) products continue to drive DN Series™ EASY ONE Retail business with consistent demand and with additional opportunities with the rollout of the brand-new DN Series™ EASY ONE revolutionary checkout platform Secured an ~$8 million deal with a global discou
Slide 11: Q4 2022 Retail Highlights
Q4 2022 Retail Highlights Retail Revenue ($M) Retail Segment Operating Profit ($M) $262 $276 $44 $247 $256 $40 $225 $35 $31 $24 25.7% 25.7% 24.7% 22.7% Q4-21* Q1-22 Q2-22 Q3-22 Q4-22 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Self Checkout (SCO) Units Sold Retail Commentary • Adjusted for currency and divestitur
Slide 12: Planned Revenue Units for FY2023
Planned Revenue Units for FY2023 The previously provided Operating Model for FY2023 is predicated on the following number of revenue units by product: FY2023 FY2023 Factory Units Plan Revenue Units Confirmed Orders* ATMs 60,000 ~45,000 SCOs 35,000 ~20,000 ePOS 134,000 ~45,000 11 | DIEBOLD NIXDORF *F
Slide 13: ESG and DEI Initiatives
ESG and DEI Initiatives Key Highlights from Q4 2022 Diebold Nixdorf’s ESG program focuses on connecting commerce in ways that protect, care for and minimize harm Released our new employee engagement to the environment, caring social citizenship by creating and platform called our “DN ESG Impact Map”
Slide 14: Supplemental Slides
Supplemental Slides 13 | DIEBOLD NIXDORF
Slide 15: Reconciliation of Segment Revenue
Reconciliation of Segment Revenue 14 | DIEBOLD NIXDORF
Slide 16: EBITDA to Adjusted EBITDA – Quarterly Results
EBITDA to Adjusted EBITDA – Quarterly Results Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Net income (loss) (37.6) (183.9) (199.1) (50.5) (152.0) Income tax expense (benefit) 38.8 50.9 64.2 3.9 30.2 Interest income (1.1) (1.3) (1.0) (3.6) (4.1) Interest expense 45.6 48.1 49.6 50.7 50.8 Loss on refinanci