Ncr Voyix Corporation · NYSE:VYX
Ncr Voyix — NCR — Q3 2013 Earnings Presentation
12 slides from Ncr Voyix's earnings presentation, Oct 24, 2013
Slide 1: Q3 2013 Earnings Conference Call
NCR Confidential Q3 2013 EARNINGS CONFERENCE CALL BILL NUTI, CHAIRMAN AND CEO October 24, 2013
Slide 2: Notes to Investors
NCR Confidential NOTES TO INVESTORS 2 Comments made during this conference call and in these materials may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements use words such as “seek,” “potential,” “expect,” “striv
Slide 3: Q3 2013 Key Takeaways
NCR Confidential 3 Q3 2013 KEY TAKEAWAYS Continued strategic execution resulting in growth and higher margin mix shift (1) Software includes software, software as a service (SaaS) and software maintenance but excludes professional services associated with software delivery. (2) Recurring revenue is
Slide 4: Q3 2013 Financial Highlights
NCR Confidential Full-year 2013 guidance(4) reaffirmed 4 Q3 2013 FINANCIAL HIGHLIGHTS Q3 2012 Q3 2013 REVENUE $1.51 billion $1.44 billion Q3 2012 Q3 2013 GROSS MARGIN(1) 28.6% 27.3% Q3 2012 Q3 2013 NPOI(1) $185 million $153 million (1) See reconciliation of GAAP to non-GAAP measures in the Supplemen
Slide 5: Industry Performance and Key Developments
NCR Confidential Industry Performance Key Developments Financial Revenue of $767M, a decrease of 4% y/y Operating margin up 160bps y/y to 12.1% driven by higher software, consulting services revenue and expense controls Software(1) and SaaS revenues up 10% and 8% y/y, respectively Added 20 n
Slide 6: Update: Retalix Acquisition
NCR Confidential 6 UPDATE: RETALIX ACQUISITION Demonstrates commitment to be a leader in omni-channel retail solutions enabling effortless transactions across multiple touch points and channels Improves revenue mix with a higher percentage of software and services/SaaS, resulting in margin expan
Slide 7: Executing Reinvention Strategy
NCR Confidential 7 EXECUTING REINVENTION STRATEGY Building a great technology company; Delivering sustainable/profitable growth Executing Software, SaaS and Services strategy Expanding operating margins Quality and productivity improvement programs deliver savings Investing to deliver differen
Slide 8: Supplementary Non-GAAP Materials
NCR Confidential SUPPLEMENTARY NON-GAAP MATERIALS
Slide 9: Non-GAAP Measures
NCR Confidential NON-GAAP MEASURES 9 While NCR reports its results in accordance with generally accepted accounting principles (GAAP) in the United States, comments made during this conference call and the related presentation materials will include non-GAAP measures in an effort to provide addition
Slide 10: Non-GAAP Measures
NCR Confidential NON-GAAP MEASURES 10 NPOI and Operational Gross Margin. The non-GAAP income from operations (i.e., non-pension operating income, or NPOI) and operational gross margin included in these materials exclude the impact of pension expense and certain special items. Due to the significant
Slide 11: Non-GAAP Reconciliations
NCR Confidential NON-GAAP RECONCILIATIONS 11 Q3 2013 Q3 2012 Q3 2013 Q3 2012 Gross Margin as a % of Revenue (GAAP) 27.5% 26.6% Income from Operations (GAAP) $145 $129 Pension Expense 0.2% 0.4% Pension Expense 5 10 Acquisition-Related Amortization of Intangibles 0.7% 0.3% Acquisition-Related Amortiza
Slide 12: Non-GAAP Reconciliations
NCR Confidential 12 NON-GAAP RECONCILIATIONS Revenue Growth % (GAAP) to Constant Currency Revenue Growth % (non-GAAP) Q3 2013 Revenue growth % (GAAP) 5% Unfavorable foreign currency fluctuation impact 2% Constant currency revenue growth % (non-GAAP) 7%