Ncr Voyix Corporation · NYSE:VYX
Ncr Voyix — Q3 2023 Earnings Presentation
19 slides from Ncr Voyix's earnings presentation, Nov 9, 2023
Slide 1: Q3 2023 Segment Results
Q3 2023 Segment Results November 9, 2023 NCR Voyix | 1
Slide 2: Notes to Investors
Notes to Investors FORWARD-LOOKING STATEMENTS. NCR Voyix Corporation (“NCR Voyix” or the “Company”), cautions that comments made during this presentation and in these materials contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Secti
Slide 3: Notes to Investors: Spin-Off and Segments Information
Notes to Investors SPIN-OFF INFORMATION. On October 16, 2023, we completed the spin-off of NCR Atleos Corporation (“NCR Atleos”), which included our ATM-focused business, including its self-service banking, payments & network and telecommunications and technology businesses. The historical financial
Slide 4: Notes to Investors: Use of Certain Terms
Notes to Investors USE OF CERTAIN TERMS. As used in these materials: The term “recurring revenue” includes all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and softw
Slide 5: Overview
Overview David Wilkinson, CEO NCR Voyix | 5
Slide 6: Successful Spin Off Completed to Enable Value Creation
Successful Spin Off Completed to Enable Value Creation Successfully Finalized Spin-Off October 16th; “VYX” and “NATL” began trading on NYSE October 17th NCR Voyix | 6
Slide 7: NCR Voyix At-a-Glance
NCR Voyix At-a-Glance1 (NYSE: VYX) ~$3.8B ~$2.1B ~$2.5B ~17% 16,000+ employees across 35 countries Total Recurring Software and Adjusted Revenue Revenue Services Revenue EBITDA Margin Revenue Global Composition Composition #1 #1 #1 15% 2% 9% 7% Provider of Provider of User footprint among self-check
Slide 8: Our Growth Algorithm
Our Growth Algorithm Capitalize on Secular Drive Revenue and Generate Improved $220B Growth Trends $220B ARPU Expansion $220B Profitability • Drive new (IT Spend) customer sign-ups and (IT Spend) • Deliver end-to-end platform services (IT Spend) • Deliver value-added services with capture greater ma
Slide 9: Q3 2023 Customer and NCR Voyix Highlights
Q3 2023 Customer and NCR Voyix Highlights • Implemented self check-out • Converting Point of Sale and Self-Checkout software to Retail subscription across 2,000 lanes • Adding platform capability to drive valuable store insights with VYX analytics package • Existing 15-year customer with 1,000+ loca
Slide 10: Financial Overview
Financial Overview Brian Webb-Walsh, CFO NCR Voyix | 10
Slide 11: Q3 2023 and YTD NCR Voyix Combined Segment Results
Q3 2023 and YTD NCR Voyix Combined Segment Results1 Revenue and Adjusted EBITDA 2% CC Y/Y Revenue ($M) Flat CC Q3 Highlights Y/Y $2,774 $2,815 • SaaS-based model drives increasing recurring revenue and $950 $953 $951 $953 $911 consistency Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 YTD 2022 YTD 2023 • Rollou
Slide 12: Q3 2023 NCR Voyix Combined Segment Results: Revenue
Q3 2023 NCR Voyix Combined Segment Results1 Revenue Total Segment Revenue ($M) Flat CC Recurring and All Other Revenue ($M) Y/Y 7% CC Y/Y $950 $953 $951 $953 $911 $537 $525 $514 $511 $503 (8%) CC 56.1% 56.3% Y/Y 55.2% $447 $439 $426 $416 53.9% $400 52.9% Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q3 '22 Q4
Slide 13: Q3 2023 Retail Segment Results
Q3 2023 Retail Segment Results1 2% CC Retail Revenue ($M) (2%) CC Y/Y Platform Sites (000) Y/Y 27.3 $1,683 $1,696 23.4 $575 $575 $552 $576 $568 21.8 15.1 118% 12.5 Y/Y Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 YTD 2022 YTD 2023 3% CC Recurring Revenue ($M) 3% CC Y/Y Y/Y Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 $
Slide 14: Q3 2023 Restaurant Segment Results
Q3 2023 Restaurant Segment Results1 1% CC Restaurants Revenue ($M) Y/Y Platform Sites Payment Sites Flat CC (000) Y/Y 7% Y/Y $687 $696 30.9 30.5 30.5 $238 $239 $223 $235 $238 29.4 28.9 6.3 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 YTD 2022 YTD 2023 5.8 5.3 10% CC 4.9 41% Recurring Revenue ($M) Y/Y 4.5 Y/Y
Slide 15: Q3 2023 Digital Banking Segment Results
Q3 2023 Digital Banking Segment Results1 7% CC Y/Y 5% CC Registered Users Active Users Digital Banking Revenue ($M) Y/Y (M) 28.0 27.7 27.3 26.9 $147 $423 26.6 5% $137 $139 $140 $404 $136 Y/Y Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 YTD 2022 YTD 2023 19.1 19.2 19.3 18.8 18.9 6% CC 3% Recurring Revenue ($M)
Slide 16: Compelling Investment Thesis
Compelling Investment Thesis Leading global provider of digital commerce solutions for Retail, Restaurant, 1 and Digital Banking industries with a large installed base and right to win Shifting the economics of our business by converting customers 2 to our platform and expanding services we provide
Slide 17: Appendix
Appendix Supplementary Information NCR Voyix | 17
Slide 18: 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 in
Slide 19: Non-GAAP Measures (continued)
Non-GAAP Measures (continued): Non-GAAP Reconciliations: Reconciliations of non-GAAP measures used in this presentation to their directly comparable GAAP measures are included in Exhibit 99.2 of the Current Report on Form 8-K furnished on November 9, 2023 and made available on the Investor Relations