Unisys Corporation New · NYSE:UIS
Unisys Corporation New — Unisys — Southwest IDEAS Conference 2025
32 slides from Unisys Corporation New's conference presentation, Nov 19, 2025
Slide 1: Unisys Presentation
Unisys Presentation SOUTHWEST IDEAS CONFERENCE NOVEMBER 19, 2025
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Unisys ca
Slide 3: Unisys Overview
Unisys Overview
Slide 4: We Deliver Mission-Critical IT
Digital Agility End-to-End IT Support to enable smarter with intelligent workplace and field decisions & fuel growth services that drive productivity We Deliver Intelligent Operations Communication, Mission- Financial Future for transforming legacy ROI of Work Collaboration & Learning platforms to h
Slide 5: We drive breakthroughs
We drive breakthroughs Key Stats ~16K ~8K ~100 ~700 Our top 50 clients have Associates Engineers Partners Clients been with us for more than 20 years on average and we 50+ ~$2B ~$290M ~$55M Countries FY24 Revenue FY24 Adjusted FY24 Free Cash serve some of the largest EBITDA Flow public sector, finan
Slide 6: Our Portfolio of Offerings
Our Portfolio of Offerings Simplifying mission-critical IT at scale Software (L&S) Tech-Enabled Services (Ex-L&S) (~80% of Revenue) (~20% of Revenue) Cloud, Applications Digital Workplace Enterprise Computing & Infrastructure Solutions Solutions Solutions ~$600B TAM in 2024 / 12.7% 3-yr CAGR1 ~$100B
Slide 7: Differentiated by Stable, Profitable Software Revenue Base
Differentiated by Stable, Profitable Software Revenue Base ClearPath Forward® (“License & Support”) L&S REVENUE $429 $432 $430 Proprietary, high-intensity Decades of use in key compute environments industries Designed for powerful, Including Financial secure, mission-critical Services, Public Sector
Slide 8: Select Unisys Clients
Select Unisys Clients PUBLIC FINANCIAL TRAVEL AND RETAIL AND SECTOR/HIGHER MANUFACTURING OTHER SERVICES TRANSPORTATION CONSUMER GOODS EDUCATION
Slide 9: Select Strategic Unisys Partners
Select Strategic Unisys Partners Key Alliance Partners Digital Workplace Cloud, Applications & Infrastructure Enterprise Computing Solutions
Slide 10: Solutions Being Recognized
Solutions Being LEADER in Future of Work LEADER in Microsoft Cloud Ecosystem LEADER in Cybersecurity Solutions and Services (NEW) LEADER in Advanced Analytics and AI Services (NEW) Recognized LEADER in Multi Public Cloud Services LEADER in Generative AI Services (NEW) LEADER in Private/Hybrid Cloud
Slide 11: Our Strategy
Our Strategy
Slide 12: Our Opportunity
Grow Ex-L&S Accelerate ClearPath Forward revenue growth rate 2050 Our Building awareness and recognition of our solutions & capabilities Through higher-value solutions and leveraging AI to more rapidly scale Invest in L&S ecosystem, unlock data & insights, and support client Opportunity solution del
Slide 13: Core Ex-L&S Growth Tenets
Core Ex-L&S Growth Tenets Land & Expand Expanding Addressable Markets Improving win rate with new logo, cross-selling to Expanding solution portfolio to address new increase number of clients purchasing solutions from opportunities and growing our market share with mid- multiple Unisys segments, exp
Slide 14: ClearPath Forward 2050 Strategy
ClearPath Forward 2050 Strategy Expanding and enhancing the ecosystem; strategy evolution is driven by stability of the existing base, market demand, and client needs Product & • Continually enhancing core operating systems Platform • Diversify compute capabilities (e.g. hybrid computing, cloud expa
Slide 15: How Unisys enables enterprise AI
How Unisys enables enterprise AI Our portfolio provides holistic ecosystem support for AI adoption AI vision & strategy | Maturity & Readiness assessment | 1 Strategy & Consulting Roadmap development | Change management | Upskilling Data preparation & transformation | Governance & security | High-im
Slide 16: Delivering gross margin expansion
Delivering gross margin expansion Targeting ~150bps annual Ex-L&S gross margin expansion (delivered >600bps expansion from 2022 to 2024) Higher value capabilities Lower the cost of delivery Incorporating generative AI, through increased use of AI, automation hyper-automation, quantum computing and l
Slide 17: Levers to Improve Free Cash Flow
Levers to Improve Free Cash Flow Decline in environmental, certain legal, and cost reduction & other payments Working Capital Management $28.7 $20.2 $16.9 $11.2 Delivery & Reducing Legal $5.8 $5.8 $5.5 $5.2 $5.7 $4.9 Operational & Environmental Excellence Enhancing Payments Free Cash Flow Tax Asset
Slide 18: Capital Structure
Capital Structure
Slide 19: Leverage Detail
Leverage Detail $M SEPTEMBER 30, 2025 2 SENIOR SECURED NOTES 1 $ 700.0 FINANCE LEASES AND OTHER DEBT 48.3 TOTAL DEBT EXCLUDING PENSION DEFICIT $ 748.3 ESTIMATED GLOBAL NET PENSION DEFICIT2 ~$470 TOTAL DEBT $ 1,218.3 CASH $ 321.9 NET LEVERAGE EXCLUDING PENSION DEFICIT $ 426.4 NET LEVERAGE $ 896.4 LTM
Slide 20: Strategic Capital Structure Objectives
Strategic Capital Structure Objectives We continue to focus on the following objectives related to our capital structure and pension Reduce the size of the U.S. Reduce uncertainty and volatility Maintain strong cash Qualified Defined Benefit (QDB) of cash requirements, including balances and liquidi
Slide 21: Strengthening our Capital Structure
Strengthening our Capital Structure Unisys has taken meaningful strategic steps in its multi-year strategy to reduce and remove U.S. qualified defined benefit pension plan liabilities within three to five years Recent Debt Raise & Pension Actions Benefits June 2025 Mitigates pension Enables further
Slide 22: Steps We Have Taken… …Next Steps
Steps We Have Taken… Issued new Refinanced Extended Contributed Reallocated $700M Senior $485M notes Asset-Backed $250M to U.S. U.S. QDB Secured Notes Revolver QDB Pension Pension Plans Maturity Plans Assets …Next Steps 1 Execute Annuity Purchases to Reduce Cost of Full 2 Increase Capacity to Fund C
Slide 23: Leverage Detail
Leverage Detail $M JUNE 30, 2025 SENIOR SECURED NOTES 1 $ 700.0 FINANCE LEASES AND OTHER DEBT 12.5 TOTAL DEBT $ 712.5 GLOBAL NET PENSION DEFICIT (AS OF DEC 31, 2024) 2 500.2 TOTAL DEBT INCLUDING PENSION DEFICIT $ 1,212.7 CASH $ 300.8 NET LEVERAGE $ 411.7 NET LEVERAGE INCLUDING PENSION DEFICIT $ 911.
Slide 24: Thank You
Thank You Contact Us: Investor@Unisys.com
Slide 25: Appendix
Appendix
Slide 26: Adjusted EBITDA Reconciliation (FY 2023 & 2024)
Adjusted EBITDA Reconciliation (FY 2023 & 2024) $M FY24 FY23 NET INCOME (LOSS) ATTRIBUTABLE TO UNISYS CORPORATION ($ 193.4) ($ 430.7) NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS 0.2 3.6 INTEREST EXPENSE, NET OF INTEREST INCOME OF $5.8, $6.3, $23.2 AND 8.7 4.5 $26.3, RESPECTIVELY 1 PRO
Slide 27: Adjusted Free Cash Flow Reconciliation (FY 2023 & 2024)
Adjusted Free Cash Flow Reconciliation (FY 2023 & 2024) $M FY24 FY23 CASH PROVIDED BY OPERATIONS $ 135.1 $ 74.2 ADDITIONS TO MARKETABLE SOFTWARE (47.5) (46.0) ADDITIONS TO PROPERTIES (16.0) (21.3) ADDITIONS TO OUTSOURCING ASSETS (16.3) (11.4) FREE CASH FLOW $ 55.3 ($ 4.5) PENSION AND POSTRETIREMENT
Slide 28: Excluding License and Support (Ex-L&S) Revenue and Gross Profit
Excluding License and Support (“Ex-L&S”) Revenue and Gross Profit $M 1Q23 2Q23 3Q23 4Q23 FY 23 1Q24 2Q24 3Q24 4Q24 FY 24 1Q25 2Q25 3Q25 $ L&S REVENUE $ 136.9 $ 80.8 $ 67.1 $ 429.1 $ 93.2 $ 82.1 $ 104.5 $ 151.7 $ 431.5 $ 71.1 $ 87.6 $ 83.0 144.3 EX-L&S REVENUE 379.5 396.0 397.5 413.3 1,586.3 394.6 39
Slide 29: Potential Economic Benefit of Tax Assets (as of December 31, 2024)
Potential Economic Benefit of Tax Assets (as of December 31, 2024) FUTURE AVAILABLE NET DEFERRED TAX $M DESCRIPTION REDUCTIONS IN TAXABLE ASSETS 1 INCOME U.S. NOLS AND TAX CREDITS: NET OPERATING LOSS – FEDERAL & STATE $ 536 $1,617 TAX CREDITS 91 435 PENSION AND OTHER: PENSION 150 600 OTHER DEFERRED
Slide 30: Definitions of Non-GAAP Financial Metrics
Definitions of Non-GAAP Financial Metrics Non-GAAP operating profit –This measure excludes pretax pension and postretirement expense, pretax goodwill impairment charge and pretax charges or gains associated with certain legal matters related to settlements, professional services and legal fees, incl
Slide 31: Definitions of Other Metrics
Definitions of Other Metrics License and Support (L&S) – Represents software license and related support services, primarily ClearPath Forward®, within the company's ECS segment. Excluding License and Support (Ex-L&S) – These measures exclude revenue, gross profit and gross profit margin in connecti
Slide 32: Investor@Unisys.com
Contact: Investor@Unisys.com unisys.com © 2025 Unisys Corporation. All rights reserved.