Xbp Global Holdings, Inc. · NASDAQ:XBP
Xbp Global — Q2 2025 Earnings Presentation
15 slides from Xbp Global's earnings presentation, Aug 14, 2025
Slide 1: XBP Second Quarter 2025 Results
XBP Second Quarter 2025 Results August 14, 2025 ©XBP GLOBAL 2025 PROPRIETARY & CONFIDENTIAL
Slide 2: Safe Harbor Statements
Safe Harbor Statements Forward-Looking Statements: This presentation contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. These state
Slide 3: XBP Europe + Exela Technologies BPA = XBP Global
XBP Europe + Exela Technologies BPA = XBP Global ©XBP GLOBAL 2025 PROPRIETARY & CONFIDENTIAL 3
Slide 4: Meet the New XBP Global
Meet the New XBP Global XBP Europe and BPA unite to launch a transformative new beginning • On July 29, 2025, XBP Europe Holdings, Inc. finalized its acquisition of Exela Technologies BPA, LLC (“BPA”). • The combined entity operates under the new name XBP Global Holdings, Inc. (“XBP Global”), reflec
Slide 5: Ready for Growth With a Stronger Balance Sheet
Ready for Growth With a Stronger Balance Sheet Annual Revenue Adj. EBITDA to Net Debt Adjusted EBITDA1 Approaching $900M ~3.5x $102.4M (vs Russell 2000 at ~3.85x) Key highlights: • XBP Europe issued shares of common stock to BPA creditors, resulting in the equitization and elimination of over $1.1 b
Slide 6: XBP Europe Q2 Results
XBP Europe Q2 Results ©XBP GLOBAL 2025 PROPRIETARY & CONFIDENTIAL 6
Slide 7: 2Q 2025 at a Glance - XBP Europe results prior to acquisition of BPA
2Q 2025 at a Glance - XBP Europe results prior to acquisition of BPA Revenue Gross Margin Bills & Payments Technology $39.6M 29.8% Gross Margin Gross Margin 22.2% 50.2% YoY +17.8% YoY +1,020 bps YoY +1,330 bps YoY +25 bps Sequentially +5.2% Sequentially -30 bps Sequentially +250 bps Sequentially -43
Slide 8: 2Q 2025 Financial Highlights
2Q 2025 Financial Highlights $ in thousands • Operating results continue to show consistency, highlighted by four consecutive quarters of sequential revenue growth and steady improvement in Gross Margin and Adjusted EBITDA • Revenue growth driven primarily by continued stabilization of recent projec
Slide 9: Continuous Improvement in Gross Margin and Adjusted EBITDA
Continuous Improvement in Gross Margin and Adjusted EBITDA Achieving consistent growth in Gross Margin and Adjusted EBITDA Management team is committed to replicating this formula across the combined company - XBP Global ©XBP GLOBAL 2025 PROPRIETARY & &CONFIDENTIAL PROPRIETARY CONFIDENTIAL 99 99
Slide 10: Segment Profitability – 2Q 2025
Segment Profitability – 2Q 2025 $ in thousands • Bills & Payments Gross Margin improvement driven by higher levels of automation and ongoing optimizations coupled with stabilization of large contracts • Technology Gross Margin remains robust as a result of high margin software license sales and prof
Slide 11: Appendix
Appendix ©XBP GLOBAL 2025 PROPRIETARY & CONFIDENTIAL 11
Slide 12: Global Scale, Local Focus
Global Scale, Local Focus ~11,000 employees across 20 countries, significantly expanding capacity and resources to serve customers Multinational leader in business process automation, proudly serving over 2,500 clients of all sizes and across multiple verticals Deploying agentic AI-powered workflow
Slide 13: Adjusted EBITDA Reconciliation From Continuing Operations
Adjusted EBITDA Reconciliation From Continuing Operations $ in thousands Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 FY 2022 FY 2023 FY 2024 Net Loss from continuing operations ($3,551) ($1,226) ($897) ($3,855) ($3,446) ($3,873) ($5,568) ($6,533) Income tax expense 542 1,664 245 762 514 2,562 606 2,911
Slide 14: Non-GAAP Reconciliation
Non-GAAP Reconciliation ©XBP GLOBAL 2025 PROPRIETARY & CONFIDENTIAL 14
Slide 15: Footnotes to Non-GAAP Reconciliation
Footnotes to Non-GAAP Reconciliation 1) Constant currency excludes the impact of foreign currency fluctuations and is computed by applying the average exchange rates for the quarter ended June 30, 2024, to the revenues during the corresponding period in 2025. 2) Adjustment represents costs associate