Diebold Nixdorf Incorporated · NYSE:DBD
Diebold Nixdorf — D. A. Davidson Technology and Consumer Conference (June 2025)
30 slides from Diebold Nixdorf's conference presentation, Jun 11, 2025
Slide 1: Diebold Nixdorf Investor Presentation
Diebold Nixdorf (NYSE: DBD) Investor Presentation June 2025 Investor Presentation
Slide 2: Forward-looking Statements
This presentation 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 forecasts of future events and are not guarantees of f
Slide 3: Use of Non-GAAP Financial Information
To supplement our condensed consolidated financial information presented in accordance with GAAP, the Company considers certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP results, Non-GAAP operating profit margin, adjusted diluted earnings per share, free ca
Slide 4: Diebold Nixdorf Overview and Strategy
Diebold Nixdorf Overview and Strategy Octavio Marquez President and Chief Executive Officer 4 | DIEBOLD NIXDORF
Slide 5: Diebold Nixdorf at a Glance
Diebold Nixdorf at a Glance Global market leader providing mission-critical hardware, software, and services to global blue-chip banking and retail clients A global enterprise enabling transactions for $3.75B ~70% 25.3% $452M 800k+ 100+ millions of consumers each day across both FY2024 of Service Re
Slide 6: Global Banking and Retail Leader in 100+ Markets
Global Banking and Retail Leader in 100+ Markets Diversified global footprint provides local proximity to the top growth markets Paderborn, Germany BANKING BANKING Canada UK Poland France Czech Republic #1 in ATMs Installed Globally1 USA Spain Italy Turkey North Canton, Ohio in Total ATM Application
Slide 7: Banking – Addressable Market, Solutions and Customers
Banking – Diebold Nixdorf’s Addressable Market, Solutions and Customers Automating bank branches with Diebold Nixdorf’s solutions and products delivers critical efficiency for banks BANKING TAM ~$20B Branch Automation Services Cash Recycling Engagements • Low-single digit annual growth rate Deposit
Slide 8: Retail – Addressable Market, Solutions and Customers
Retail – Diebold Nixdorf’s Addressable Market, Solutions and Customers Increasing focus on North American market penetration, strong interest in leading AI-driven checkout features RETAIL TAM ~$12B Kiosk & ePOS Self-Checkout (SCO) AI-enabled Automation • Mid-single digit annual growth rate Analytics
Slide 9: Strategic Changes Set New Path Forward
Strategic Changes Set New Path Forward PAST PRESENT Growth Variable, cyclical Balanced, recurring Organization Complex Simple, focused Culture Short-term focus Performance driven / Say-do ratio Operations One-time cost reduction Continuous improvement & lean principles Free Cash Flow Low, minimal St
Slide 10: Financial Overview
Financial Overview Tom Timko Executive Vice President and Chief Financial Officer 10 | DIEBOLD NIXDORF
Slide 11: Positioning the Company for Long-Term Success
Positioning the Company for Long-Term Success Employing the right structure, culture and goals to drive value creation 1 Improved capital structure and maintain a fortress balance sheet 2 Embedded operational excellence and continuous improvement mindset 3 Driving consistent, profitable growth wi
Slide 12: Fortress Balance Sheet
Fortress Balance Sheet Revolving Credit Facility Cash Balance Net Leverage(1) $310M $328M 1.5x No Borrowings Outstanding Cash & Short-Term Net Debt / TTM Adjusted at End of 1Q25 Investments EBITDA Share Repurchase Credit Ratings Interest Expense Savings Authorization B / B2 ~$92M ~$70M S&P / Moody’s
Slide 13: Our Growth Acceleration Plan – 3 Year Targets
Our Growth Acceleration Plan – 3 Year Targets Total Revenue Adjusted EBITDA1 Free Cash Flow1,2 $3.98 to $550 to $330 to $3.75 to $3.82 to $470 to $500 to $3.75B $4.08B $600M $250 to $360M $3.80B $3.92B $452M $490M $530M $190 to $265M $210M $109M 2024 2025E 2026E 2027E 2024 2025E 2026E 2027E 2024 202
Slide 14: Capital Allocation Framework
Capital Allocation Framework Accelerating growth and unlocking shareholder value – with potential to generate ~$800M of FCF from 2025 to 2027 1 2 3 4 Fortress Business Return Capital Disciplined Balance Sheet Investment to Shareholders M&A • 1.25x to 1.75x Net Debt • Capital light model: • Opportuni
Slide 15: Key Takeaways
Key Takeaways DN is best positioned to optimize end-to-end branch cash ecosystem – steady demand for DN 1 Series ATMs and growing demand for teller cash recyclers Strong value proposition for European and North American retail customers based on our 2 AI-driven Smart Vision solutions 3 Continue to d
Slide 16: Questions & Answers Session
Questions & Answers Session Octavio Marquez Tom Timko President and Executive Vice President Chief Executive Officer and Chief Financial Officer 16 | DIEBOLD NIXDORF
Slide 17: Thank You!
Thank You! 17 | DIEBOLD NIXDORF
Slide 18: Supplemental Slides
Supplemental Slides 18 | DIEBOLD NIXDORF
Slide 19: Five Quarter Financial Trend
Five Quarter Financial Trend 1Q25 results in-line with expectations Total Revenue ($M) Total Gross Margin (%)(1) Operating Expense ($M)(1)(2) Service Product $989 $897 $940 $927 26.1% $841 26.0% $159 $159 $159 $166 $165 25.1% 25.3% $399 $385 $446 23.9% $372 $333 $525 $541 $542 $543 $508 (1) Q1-24 Q2
Slide 20: Five Quarter Financial Trend
Five Quarter Financial Trend Remain committed to strengthening profitability and improving free cash flow Operating Profit ($M)(1) Adjusted EBITDA ($M) / Free Cash Flow ($M)(1) Adjusted EBITDA Margin(1) $118 $186 $119 $112 $85 $83 $103 $87 $66 $71 $48 11.5% 12.6% 12.7% 11.4% 10.4% $(36) $(16) $(25)
Slide 21: Financial Condition
Financial Condition Strong free cash flow(1) performance – $6M source in 1Q25 – improving on historical quarterly seasonality ($ in millions) Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Adjusted EBITDA(1) $103 $119 $118 $112 $87 Overview Working Capital source (use) $20 $(66) $(57) $147 $26 • YoY improvement in F
Slide 22: Reconciliation of GAAP to Non-GAAP results – Q1-25
Reconciliation of GAAP results to Non-GAAP results – Q1-25 ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GA
Slide 23: Reconciliation of GAAP to Non-GAAP results – Q4-24 & Q3-24
Reconciliation of GAAP results to Non-GAAP results – Q4-24 & Q3-24 ($M) Notes for Non-GAAP Measures To supplement our consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP
Slide 24: Reconciliation of GAAP to Non-GAAP results – Q2-24 & Q1-24
Reconciliation of GAAP results to Non-GAAP results – Q2-24 & Q1-24 ($M) Notes for Non-GAAP Measures To supplement our consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP
Slide 25: Reconciliation of GAAP to Non-GAAP results – FY2024
Reconciliation of GAAP results to Non-GAAP results – FY2024 ($M) Notes for Non-GAAP Measures To supplement our consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP result
Slide 26: Reconciliation of free cash flow - Quarter Trend
Reconciliation of free cash flow - Quarter Trend ($M) ($ in millions) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Net cash provided (used) by operating activities $ (23.5) $ (8.0) $ (15.5) $ 196.2 $ 149.2 $ 15.7 Capital expenditures (6.7) (1.7) (3.8) (5.2) (17.4) (7.9) Capitalized software development (6.2)
Slide 27: Reconciliation of GAAP net income to EBITDA and Adjusted EBITDA
Reconciliation of GAAP net income to EBITDA and Adjusted EBITDA – Quarter Trend ($M) TTM ended Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q1-25 Net loss $ (14.0) $ 14.8 $ (21.7) $ 6.4 $ (14.5) $ (7.5) $ (8.0) Income tax expense (benefit) (3.1) 32.0 29.9 5.5 64.3 (2.2) 65.2 Interest income (4.2) (3.0) (2.9)
Slide 28: Financial Results of Segments – Quarter Trend
Financial Results of Segments – Quarter Trend ($M) Gross Margin by Segment - Unaudited Three months ended Twelve months ended Three months ended ($ in millions) March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 December 31, 2024 March 31, 2025 Non-GAAP Non-GAAP Non-GAAP Non-GAAP Non-
Slide 29: Financial Results of Segments – 1Q25 Revenue in Constant Currency
Financial Results of Segments – 1Q25 Revenue ($M) in Constant Currency * * 29 | DIEBOLD NIXDORF
Slide 30: Net Debt Summary and Net Leverage
Net Debt Summary ($M) and Net Leverage * * Q4-24 Q1-25 Cash, cash equivalents, restricted cash and short-term investments $ 328.2 $ 328.3 Debt instruments (966.0) (966.0) Net debt (637.8) (637.7) Adjusted EBITDA (trailing twelve months)* $ 452.2 $ 436.1 Net Leverage (Adjusted EBITDA TTM / Net Debt)*
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