Ncr Voyix Corporation · NYSE:VYX
Ncr Voyix — Q1 2025 Earnings Presentation
19 slides from Ncr Voyix's earnings presentation, May 8, 2025
Slide 1: Q1 2025 Earnings Report
Q1 2025 Earnings Report May 8, 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: Q1 2025 Results
Q1 2025 Results +27% platform sites +7% payment sites +2% ARR 215+ new customers $ in Millions except EPS Revenue Recurring vs. Non-Recurring Revenue $195 $138 $264 $310 $210 $251 +2% Recurring $251 $228 $400 $407 1Q24 1Q25 1Q24 1Q25 Software Services Hardware Recurring Non-Recurring Adjusted EBITDA
Slide 6: Q1 2025 - Restaurants
Q1 2025 - Restaurants +5% platform sites +6% payment sites (1)% ARR 185+ new customers $ in Millions Revenue Recurring vs. Non- Adjusted EBITDA (Margin %) Recurring Revenue 30.9% 27.2% $46 $41 $66 $64 $63 $53 $55 $59 $90 $86 $139 $138 1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 Software Services Hardware Recurrin
Slide 7: Q1 2025 - Retail
Q1 2025 - Retail +48% platform sites +14% payment sites +4% ARR 30+ new customers $ in Millions Revenue Recurring vs. Non- Adjusted EBITDA (Margin %) Recurring Revenue 17.5% $149 $96 15.5% $188 $235 $155 $185 $86 #DIV/ 22.1% $650! $154 $139 $256 $265 1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 Software Services H
Slide 8: Cash and Debt Information
Cash and Debt Information $ in Millions Leverage and Cash Flow 03/31/2025 Debt Term Structure Capital Allocation Weighted Avg Rate: 5.06% Total Debt $1,105 Fixed Rate Debt: 100% Avg Maturity: 3.8 years Capital Expenditures 1 Available Cash (289) $750 • $39M of capital expenditures in Q1 $650 2025 Ad
Slide 9: FY2025 Performance Outlook
1 FY2025 Performance Outlook $ in millions FY2025 Guidance Total Revenue $2,575 - $2,650 Software and Services Revenue $1,995 - $2,020 Hardware Revenue $580 - $630 Adjusted EBITDA $420 - $445 Margin (%) 16.3% - 16.8% 2 Non-GAAP Diluted EPS $0.75 - $0.80 3 Adjusted Free Cash Flow-unrestricted $170 -
Slide 10: Appendix
Appendix NYSE:VYX 10
Slide 11: 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 12: 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 13: 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 14: 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 Q1 2025 Q1 2024 Reported Revenue $617 $710 $ in millions Q1 2025 Q1 2024 Reported Software & Services Revenue $479 $515 Less: Commercial agreements
Slide 15: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Adjusted EBITDA $ in millions Q1 2025 Q1 2024 Net Income (Loss) from Continuing Operations Attributable to NCR Voyix (GAAP) $ (20) $ (71) Depreciation and amortization (excluding acquisition-related amortization of intangibles) 50 48 Acquisition-related
Slide 16: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Adjusted Free Cash Flow-Unrestricted $ in millions Q1 2025 Net cash provided by (used in) operating activities (GAAP) $ (42) Expenditures for property, plant and equipment (8) Additions to capitalized software (31) Restricted cash settlement activity 1 A
Slide 17: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Q1 2025 Q1 2024 2 2 $ in millions (except EPS) Q1 2025 Non-GAAP Q1 2024 Non-GAAP Income (loss) from continuing operations attributable to NCR Voyix common stockholders Income (loss) from continuing operations (attributable to NCR Voyix) $ (20) $ 14 $ (71
Slide 18: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Income (loss) from continuing operations (attributable to NCR Voyix) $ in millions Q1 2025 Q1 2024 Income (loss) from continuing operations (attributable to NCR Voyix) $ (20) $ (71) Transformation and restructuring costs 13 20 Fraudulent ACH disbursement
Slide 19: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Adjusted Net Debt $ in millions March 31, 2025 Total Debt $ 1,105 Available Cash Cash and cash equivalents $573 Estimated cash taxes to be paid for Digital Banking Sale (284) Available Cash $289 Adjusted Net Debt $816 2025 Adj. EBITDA Outlook $433 Adjust