Xbp Global Holdings, Inc. · NASDAQ:XBP
Xbp Global — FY2024 Earnings Presentation
19 slides from Xbp Global's earnings presentation, Mar 19, 2025
Slide 1: FY and Fourth Quarter 2024 Results
FY and Fourth Quarter 2024 Results March 19, 2025 ©XBP EUROPE 2025 2024
Slide 2: Safe Harbor Statements
Safe Harbor Statements Forward-Looking Statements: Certain statements included in this presentation are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward- looking statements generally
Slide 3: XBP Europe at a glance
XBP Europe at a glance Who Where XBP Europe (Nasdaq: XBP), is a pan-European integrator of bills, payments and Secure hybrid cloud infrastructure enables XBP Europe to deploy its related solutions and services. We serve many of the largest private and public solutions to clients across EMEA. Our phy
Slide 4: XBP Europe solution suite - Summary
XBP Europe solution suite - Summary Finance & Accounting Banking & Finance Enterprise Information Business Process Management Management (EIM) ● Exchange for Bills & Payments ● Confirmation of Payee (CoP) ● Workflow Automation (XBP) ● Request to Pay (RtP) ● Document Digitisation ● Robotic Process Au
Slide 5: Serving over 2,000 clients across the public and private sectors
Who We Serve Serving over 2,000 clients across the public and Large Enterprises and Small Businesses Finance Financial Institutions, Banks & Insurance Companies Governments & Public Sector Organizations private sectors Departments Digital Banking, Financial BPO BPO F&A, IPA, WFA, SaaS Services We he
Slide 6: FY and 4Q 2024 Financial Highlights
FY and 4Q 2024 Financial Highlights ©XBP EUROPE 2025 2024 6
Slide 7: FY 2024 at a Glance
FY 2024 at a Glance Revenue Gross Margin SG&A Revenue Mix $142.8M 26.8% $26.5M YoY -8.0% YoY +110 bps YoY -14.9% Bills & Payments: 71.3% Technology: 28.7% Bills & Payments Gross Technology segment Operating Profit Adj EBITDA1 Margin Gross Margin $3.5M $13.4M 16.1% 53.4% YoY +260 bps YoY -250 bps YoY
Slide 8: 4Q 2024 at a Glance
4Q 2024 at a Glance Revenue Gross Margin SG&A Revenue Mix $35.6M 28.3% $6.7M YoY -7.5% YoY +480 bps YoY -30.7% Bills & Payments: 72.5% Sequentially +0.7% Sequentially -440 bps Sequentially -1.1% Technology: 27.5% Bills & Payments Gross Technology segment Operating Profit Adj EBITDA1 Margin Gross Mar
Slide 9: FY 2024 Financial Highlights
FY 2024 Financial Highlights $ in thousands • Higher Operating Profit, driven primarily by Gross Margin expansion • Gross Margin improvement due to cost optimization coupled with operating leverage 1: Reference Adj EBITDA reconciliation on slide 16 Note: Unless otherwise noted, any references within
Slide 10: 4Q 2024 Financial Highlights
4Q 2024 Financial Highlights $ in thousands • Two consecutive quarters of sequential revenue growth as ~$25 million of active project ramp-ups accelerate, including recent go-live of His Majesty’s Passport Office (HMPO) • Gross margin improvement driven by better operational leverage, automation, an
Slide 11: Segment Profitability – FY 2024
Segment Profitability – FY 2024 $ in thousands • Gross margin improvement driven by ramp of large contracts coupled with cost optimization initiatives Note: Unless otherwise noted, any references within this presentation relate to continuing operations ©XBP EUROPE 2025 2024 11
Slide 12: Segment Profitability – 4Q 2024
Segment Profitability – 4Q 2024 $ in thousands • YoY Gross margin improvement driven by Bills & Payments as large contracts are ramped and effects of savings initiatives are realized Note: Unless otherwise noted, any references within this presentation relate to continuing operations ©XBP EUROPE 202
Slide 13: Appendix
Appendix ©XBP EUROPE 2025 2024 13
Slide 14: Geographic Footprint and Key Operational Metrics
Geographic Footprint and Key Operational Metrics XBP Europe solutions reach majority of populations in key markets. The Company processed several hundred million payment transactions in 2024. Pan-European Presence 15 Countries1 Norway (population 5 million) process 100% of bank giro 32 Locations Swe
Slide 15: $143M FY2024 Revenue
Client and industry diversification $143M FY2024 Revenue* 15 * From Continuing Operations ©XBP EUROPE 2025 2024 15
Slide 16: Adjusted EBITDA Reconciliation From Continuing Operations
Adjusted EBITDA Reconciliation From Continuing Operations ($ in thousands) (1) Adjustment represents costs associated with restructuring, including employee severance and vendor and lease termination costs. (2) Represents litigation settlement and associated expenses incurred in connection with the
Slide 17: Non-GAAP Reconciliation
Non-GAAP Reconciliation ©XBP EUROPE 2025 2024 17
Slide 18: Footnotes to Non-GAAP Reconciliation
Footnotes to Non-GAAP Reconciliation (1) Constant currency excludes the impact of foreign currency fluctuations and is computed by applying the average exchange rates for the year ended December 31, 2023, to the revenues during the corresponding period in 2024. (2) Adjustment represents costs associ
Slide 19: Defined Terms in Presentation and Notes
Defined Terms in Presentation and Notes • ACV: Annual contract value in dollars • Gross Margin: Total revenue less cost of revenue as a percentage of total revenue • Capital Expenditures: Funds used to buy, maintain, or improve physical or fixed assets used in the Company’s operations • New Business