Unisys Corporation New · NYSE:UIS
Unisys Corporation New — Unisys — Needham Growth Conference 2026
31 slides from Unisys Corporation New's conference presentation, Jan 13, 2026
Slide 1: Unisys Presentation
Unisys Presentation NEEDHAM GROWTH CONFERENCE JANUARY 13, 2026
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 amende d, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Unisy
Slide 3: Agenda
Unisys Overview Agenda Our Strategy Capital Structure Appendix
Slide 4: Unisys Overview
Unisys Overview
Slide 5: 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 Financial Future Communication, Mission - for transforming legacy platforms to hybrid /multi - cloud ROI of Work C
Slide 6: We drive breakthroughs
We drive breakthroughs Key Stats ~ 16 K ~8 K ~ 100 ~700 Our top 50 clients have Associates Engineers Partners Clients been with us for more than 20 years on average and we 50 + ~$ 2 B ~$ 290 M ~ $ 55 M Countries FY24 Revenue FY24 Adjusted FY24 Free Cash serve some of the largest EBITDA Flow public s
Slide 7: Our Portfolio of Offerings
Our Portfolio of Offerings Simplifying mission - critical IT at scale 1 Software (L&S) Tech -Enabled Services (Ex -L&S) ( ~80 % of Revenue) 1 (~20% of Revenue) Consistent Revenue Recognition Up -Front License Revenue / Revenue Growth / Margin Expansion Support Over Term Cloud, Applications Digital W
Slide 8: 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, h igh -intensity Decades of use in key compute environments industries Designed for powerful, Including Financial secure, mission - critical Services, Public Se
Slide 9: Select Unisys Clients
Select Unisys Clients PUBLIC FINANCIAL TRAVEL AND RETAIL AND SECTOR/HIGHER MANUFACTURING OTHER SERVICES TRANSPORTATION CONSUMER GOODS EDUCATION
Slide 10: Select Strategic Unisys Partners
Select Strategic Unisys Partners Key Alliance Partners Digital Workplace Cloud, Applications & Infrastructure Enterprise Computing Solutions
Slide 11: Solutions Being Recognized
LEADER in Advanced Analytics and AI Services LEADER in Future of Work LEADER in Generative AI Services Solutions Being LEADER in Multi Public Cloud Services LEADER in Private/Hybrid Cloud – Data Center Services CHALLENGER RISING STAR in ServiceNow Ecosystem Partners in AI - Driven App Dev and Manage
Slide 12: Our Strategy
Our Strategy
Slide 13: Our Opportunity
Grow E x- 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
Slide 14: 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,
Slide 15: 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 16: 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 -i
Slide 17: 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 a
Slide 18: 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 19: Capital Structure
Capital Structure
Slide 20: Leverage Detail
Leverage Detail $M SEPTEMBER 30, 2025 2 1 SENIOR SECURED NOTES $ 700.0 FINANCE LEASES AND OTHER DEBT 48.3 TOTAL DEBT EXCLUDING PENSION DEFICIT $ 748.3 2 ESTIMATED GLOBAL NET PENSION DEFICIT ~$470 TOTAL DEBT $ 1,218.3 CASH $ 321.9 NET LEVERAGE EXCLUDING PENSION DEFICIT $ 426.4 NET LEVERAGE $ 896.4 LT
Slide 21: 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 22: 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 23: 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 Execute Annuity Purchases Increase Capacity to Fund 1 to Reduce Cost of Full 2
Slide 24: Thank You
Thank You Contact Us: Investor@Unisys.com
Slide 25: Appendix
Appendix
Slide 26: 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 FY23 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 L&S REVENUE $ 136.9 $ 80.8 $ 67.1 $ 144.3 $ 429.1 $ 93.2 $ 82.1 $ 104.5 $ 151.7 $ 431.5 $ 71.1 $ 87.6 $ 83.0 EX - L&S REVENUE 379.5 396.0 397.5 413.3 1,586.3 394.6 3
Slide 27: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation $M 1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 CASH (USED FOR) PROVIDED BY $ 12.8 $ 42.5 ($ 4.1) $ 23.0 $ 74.2 $ 23.8 $ 2.7 $ 32.0 $ 76.6 $ 135.1 $ 33.3 ($ 316.2) $ 38.0 OPERATIONS ADDITIONS TO MARKETABLE SOFTWARE (10.3) (11.0) (11.6) (13.1) (46.0)
Slide 28: Adjusted EBITDA Reconciliation (LTM)
Adjusted EBITDA Reconciliation (LTM) $M 4Q24 1Q25 2Q25 3Q25 NET (LOSS) INCOME ATTRIBUTABLE TO UNISYS CORPORATION $ 30.0 ($ 29.5) ($ 20.1) ($ 308.9) NET (LOSS) INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 0.5 (1.1) 0.1 (0.3) INTEREST EXPENSE, NET OF INTEREST INCOME OF $5.8, $5.7, $5.6 AND $4.7, 1
Slide 29: Potential Economic Benefit of Tax Assets
Potential Economic Benefit of Tax Assets (as of December 31, 2024) FUTURE AVAILABLE NET DEFERRED TAX $M DESCRIPTION 1 REDUCTIONS IN TAXABLE ASSETS 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 gain s a ssociated with certain legal matters related to settlements, professional services and legal fees,
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 connect