Ncr Voyix Corporation · NYSE:VYX
Ncr Voyix — Q2 2025 Earnings Presentation
23 slides from Ncr Voyix's earnings presentation, Aug 7, 2025
Slide 1: Q2 2025 Earnings Report
Q2 2025 Earnings Report August 7, 2025 NYSE:VYX 1
Slide 2: Notes to Investors
Notes to Investors SPIN-OFF INFORMATION. On October 16, 2023, NCR Voyix completed the spin-off of NCR Atleos Corporation (“NCR Atleos”) as an independent, publicly traded company. The historical financial results of NCR Atleos are reflected as discontinued operations in NCR Voyix’s consolidated fina
Slide 3: Notes to Investors
Notes to Investors NON-GAAP MEASURES. While the Company reports its results in accordance with generally accepted accounting principles in the United States, or GAAP, comments made during this presentation and in the associated remarks will include or make reference to certain “non-GAAP” measures, i
Slide 4: Notes to Investors
Notes to Investors FORWARD-LOOKING STATEMENTS. This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). Statements can generally be identified as forward-looking because they include words such as “expect,” “target,
Slide 5: Q2 2025 Results
Q2 2025 Results +16% platform sites +3% payment sites +5% ARR 250+ new customers $ in Millions except EPS Revenue Recurring vs. Non-Recurring Revenue $221 $167 $316 $244 $260 $258 +4% Recurring $241 $241 $406 $422 2Q24 2Q25 2Q24 2Q25 Software Services Hardware Recurring Non-Recurring Adjusted EBITDA
Slide 6: Q2 2025 - Restaurants
Q2 2025 - Restaurants +4% platform sites +1% payment sites +3% ARR 200+ new customers $ in Millions Revenue Recurring vs. Non- Adjusted EBITDA (Margin %) Recurring Revenue 30.8% 33.2% $46 $47 $70 $69 $63 $62 +4% $62 $68 Recurring $85 $89 $138 $143 2Q24 2Q25 2Q24 2Q25 2Q24 2Q25 Software Services Hard
Slide 7: Q2 2025 - Retail
Q2 2025 - Retail +25% platform sites +13% payment sites +6% ARR 45+ new customers $ in Millions Revenue Recurring vs. Non- Adjusted EBITDA (Margin %) Recurring Revenue 16.8% 17.8% $174 $120 $254 $177 $187 $186 +5% $87 #DIV/ $81 Recurring 22.1% 0! $156 $148 $263 $277 2Q24 2Q25 2Q24 2Q25 2Q24 2Q25 Sof
Slide 8: Cash and Debt Information
Cash and Debt Information $ in Millions Leverage and Cash Flow 06/30/2025 Debt Term Structure 3 Capital Expenditures Weighted Avg Rate: 5.06% Total Debt $1,105 Fixed Rate Debt: 100% Avg Maturity: 3.6 years Cash and cash equivalents (276) $750 $650 • $42M of capital expenditures Net Debt $829 in 2Q25
Slide 9: FY 2025 Performance Outlook
1 FY 2025 Performance Outlook $ in millions FY 2025 Guidance Total Revenue $2,575 - $2,650 Software and Services Revenue $1,995 - $2,020 Hardware Revenue $580 - $630 Adjusted EBITDA $420 - $445 2 Non-GAAP Diluted EPS $0.75 - $0.80 3 Adjusted Free Cash Flow-unrestricted $170 - $190 With respect to ou
Slide 10: Appendix
Appendix NYSE:VYX 10
Slide 11: YTD 2025 Results
YTD 2025 Results +16% platform sites +3% payment sites +5% ARR ~500 new customers $ in Millions except EPS Revenue Recurring vs. Non-Recurring Revenue $416 $305 $626 $454 +3% $524 $509 Recurring $492 $469 $806 $829 YTD Q2 2024 YTD Q2 2025 YTD Q2 2024 YTD Q2 2025 Software Services Hardware Recurring
Slide 12: YTD 2025 - Restaurants
YTD 2025 - Restaurants +4% platform sites +1% payment sites +3% ARR ~400 new customers $ in Millions Revenue Recurring vs. Non- Adjusted EBITDA (Margin %) Recurring Revenue 29.0% 32.1% $92 $88 $136 $133 $126 $115 $117 $127 $175 $175 $277 $281 YTD Q2 2024 YTD Q2 2025 YTD Q2 2024 YTD Q2 2025 YTD Q2 20
Slide 13: YTD 2025 - Retail
YTD 2025 - Retail +25% platform sites +13% payment sites +6% ARR 80 new customers $ in Millions Revenue Recurring vs. Non- Adjusted EBITDA (Margin %) Recurring Revenue 17.2% 16.7% $323 $216 $375 $371 $489 $332 $173 $146 $310 $287 $519 $542 YTD Q2 2024 YTD Q2 2025 YTD Q2 2024 YTD Q2 2025 YTD Q2 2024
Slide 14: Non-GAAP Measures
Non-GAAP Measures While NCR Voyix reports its results in accordance with generally accepted accounting principles (GAAP) in the United States, comments made during this conference call and in these materials will include non-GAAP measures. These measures are included to provide additional useful inf
Slide 15: Non-GAAP Measures
Non-GAAP Measures Adjusted Free Cash Flow-Unrestricted: NCR Voyix management uses the non-GAAP measure called “adjusted free cash flow-unrestricted” to assess the financial performance of the Company. We define adjusted free cash flow-unrestricted as net cash provided by (used in) operating activiti
Slide 16: Non-GAAP Measures
Non-GAAP Measures NON-GAAP RECONCILIATIONS: The Company’s definitions and calculations of these non-GAAP measures may differ from similarly-titled measures reported by other companies and cannot, therefore, be compared with similarly-titled measures of other companies. These non-GAAP measures should
Slide 17: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Normalized Software & Services Revenue: Normalized for comparisons for commercial agreements $ in millions Q2 2025 Q2 2024 YTD Q2 2025 YTD Q2 2024 Reported Revenue $666 $722 $1,283 $1,432 $ in millions Q2 2025 Q2 2024 YTD Q2 2025 YTD Q2 2024 Reported Sof
Slide 18: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Adjusted EBITDA YTD Q2 YTD Q2 Q2 2025 Q2 2024 $ in millions 2025 2024 Net Income (Loss) from Continuing Operations Attributable to NCR Voyix (GAAP) $ 1 $ (90) $ (19) $ (161) Depreciation and amortization (excluding acquisition-related amortization of int
Slide 19: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Adjusted Free Cash Flow-Unrestricted $ in millions Q2 2025 YTD Q2 2025 Net cash provided by (used in) operating activities (GAAP) $ (242) $ (284) Expenditures for property, plant and equipment (7) (15) Additions to capitalized software (35) (66) Restrict
Slide 20: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Q2 2025 Q2 2024 2 2 $ in millions (except EPS) Q2 2025 Non-GAAP Q2 2024 Non-GAAP Income (loss) from continuing operations attributable to NCR Voyix common stockholders Income (loss) from continuing operations (attributable to NCR Voyix) $ 1 $ 29 $ (90) $
Slide 21: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Q2 2025 Q2 2024 Q2 2025 YTD Q2 2024 YTD 2 2 $ in millions (except EPS) YTD Non-GAAP YTD Non-GAAP Income (loss) from continuing operations attributable to NCR Voyix common stockholders Income (loss) from continuing operations (attributable to NCR Voyix) $
Slide 22: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Income (loss) from continuing operations (attributable to NCR Voyix) YTD Q2 YTD Q2 $ in millions Q2 2025 Q2 2024 2025 2024 Income (loss) from continuing operations (attributable to NCR Voyix) $ 1 $ (90) $ (19) $ (161) Transformation and restructuring cos
Slide 23: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Net Debt and Adjusted Net Leverage Ratio $ in millions June 30, 2025 Total Debt $ 1,105 Cash and cash equivalents 276 Net Debt $ 829 2025 Adj. EBITDA Outlook $433 Adjusted Net Leverage Ratio 1.9x NYSE:VYX 23