Diebold Nixdorf Incorporated · NYSE:DBD
Diebold Nixdorf — Q4 2021 Earnings Presentation
21 slides from Diebold Nixdorf's earnings presentation, Feb 10, 2022
Slide 1: Fourth Quarter and Full-Year 2021 Earnings
Fourth Quarter and Full-Year 2021 Earnings February 10, 2022 DieboldNixdorf.com
Slide 2: Use of Non-GAAP Financial Information
Use of Non-GAAP Financial Information To supplement its condensed consolidated financial statements presented in accordance with GAAP, the company considers certain financial measures that are not prepared in accordance with GAAP, including non-GAAP results, adjusted diluted earnings per share, free
Slide 3: Forward-Looking Statements
Forward-Looking Statements This document contains statements that are not historical information and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the potential impact of the ongoing coronavirus (COVID-19)
Slide 4: 2021 Trends & Highlights
2021 Trends & Highlights High interest in self-service solutions Retail growth being driven by customer momentum for our self-checkout (SCO) devices which is currently outpacing the market in Europe Banking customers focused on automation and efficiency with strong demand for our DN SeriesTM cash re
Slide 5: Q4 2021 and FY 2021 Financial Highlights
Q4 2021 and FY 2021 Financial Highlights Total Revenue Gross Profit1 & Gross Margin1 $3,902 $3,905 $1,099 $1,068 28.2% 27.4% $296 $270 $1,106 $1,060 26.8% 25.5% 2020 2021 Q4-20 Q4-21 2020 2021 Q4-20 Q4-21 Adj. EBITDA1 & Adj. EBITDA Margin1 Free Cash Flow1 $453 $407 $415 $186 11.6% 10.6% $128 $126 $1
Slide 6: Free Cash Flow, Leverage and Debt Maturities
Free Cash Flow, Leverage and Debt Maturities Levered & Unlevered Free Cash Flow1 Levered Unlevered Debt Maturities 2020 2021 Q4 2020 Q4 2021 $407 $435 Balances as of Interest Rate Facilities December 31, Maturity Dates Index & Margin4 2021 ($M) $276 $216 Revolving Credit $195 $186 $61 LIBOR +4.25% J
Slide 7: Outlook for 2022
Outlook for 2022 2021A 2022E Key Expectations2 Reflects approximately $150M in revenue deferral from 2021 to 2022, and Total $3.9B $4.0 - $4.2B organic growth and pricing growth, partially offset by modeled divestitures and Revenue terminated low-profit service contracts and potential ongoing logist
Slide 8: Supplemental Slides
Supplemental Slides 7 | DIEBOLD NIXDORF
Slide 9: Q4 QTD 2021 Profit & Loss Statement
Q4 QTD 2021 Profit & Loss Statement Reconciliation of GAAP to non-GAAP ($Millions) 2021 % of Net Restructuring Amortization of Loss making contract Legal / deal Divestiture of Inventory gain Other non- 2021 % of Net (GAAP) Sales and DN Now Wincor Nixdorf related to discontinued expense Fixed Assets
Slide 10: Q4 QTD 2020 Profit & Loss Statement
Q4 QTD 2020 Profit & Loss Statement Reconciliation of GAAP to non-GAAP ($Millions) 2020 % of Net Restructuring and Amortization of Costs related to Legal / deal Divestiture of Other 2020 % of Net (GAAP) Sales DN Now Wincor Nixdorf previously expense Fixed Assets non-routine (non-GAAP) Sales transfor
Slide 11: 2021 YTD Profit & Loss Statement
2021 YTD Profit & Loss Statement Reconciliation of GAAP to non-GAAP ($Millions) 2021 % of Net Restructuring Amortization of Loss making Legal / deal Divestiture of Inventory gain Other non- 2021 % of Net (GAAP) Sales and DN Now Wincor Nixdorf contract related to expense Fixed Assets / change routine
Slide 12: 2020 YTD Profit & Loss Statement
2020 YTD Profit & Loss Statement Reconciliation of GAAP to non-GAAP ($Millions) 2020 % of Net Restructuring Amortization of Loss making Costs related to Legal / deal Divestiture of Inventory Other non- 2020 % of Net (GAAP) Sales and DN Now Wincor Nixdorf contract related previously expense Fixed Ass
Slide 13: Revenue Variance for FX, Divestitures & Related Actions
Revenue Variance for FX, Divestitures & Related Actions ($Millions) Segment View 12 | DIEBOLD NIXDORF
Slide 14: Revenue Variance for FX, Divestitures & Related Actions
Revenue Variance for FX, Divestitures & Related Actions ($Millions) Business Line 13 | DIEBOLD NIXDORF
Slide 15: Non-GAAP Gross Profit Variance for FX, Divestitures & Related Actions
Non-GAAP Gross Profit Variance for FX, Divestitures & Related Actions Reconciliation of GAAP to non-GAAP ($Millions) Segment View 14 | DIEBOLD NIXDORF
Slide 16: Non-GAAP Gross Profit Variance for FX, Divestitures & Related Actions
Non-GAAP Gross Profit Variance for FX, Divestitures & Related Actions Reconciliation of GAAP to non-GAAP ($Millions) Business Line 15 | DIEBOLD NIXDORF
Slide 17: Gross Profit & Operating Expense - YTD
Gross Profit & Operating Expense - YTD Reconciliation of GAAP to non-GAAP ($Millions) Gross Profit – Segment View Operating Expense 16 | DIEBOLD NIXDORF
Slide 18: Gross Profit & Operating Expense - QTD
Gross Profit & Operating Expense - QTD Reconciliation of GAAP to non-GAAP ($Millions) Gross Profit – Segment View Operating Expense 17 | DIEBOLD NIXDORF
Slide 19: Adjusted EBITDA
Adjusted EBITDA Reconciliation of GAAP to non-GAAP ($Millions) Adjusted EBITDA Trailing 12-month Adjusted EBITDA Reconciliation With respect to the company’s adjusted EBITDA outlook for 2022, it is not providing a reconciliation to the most directly comparable GAAP financial measure because it is un
Slide 20: Free Cash Flow
Free Cash Flow Reconciliation of GAAP to non-GAAP ($Millions) Free cash flow is a non-GAAP financial measure defined as net cash provided by operating activities from continuing operations less capital expenditures, less cash used for capitalized software development, and excluding the impact of cha
Slide 21: Return on Invested Capital & Net Debt
Return on Invested Capital & Net Debt ($Millions) Return on Invested Capital (ROIC) Net Debt Return on invested capital (ROIC) is a non-GAAP financial measure defined as adjusted net operating profit after tax (NOPAT) utilizing a 30% estimated effective tax rate divided by average invested capital f