Diebold Nixdorf Incorporated · NYSE:DBD
Diebold Nixdorf — Q1 2026 Earnings Presentation
27 slides from Diebold Nixdorf's earnings presentation, Apr 30, 2026
Slide 1: First Quarter 2026 Earnings
First Quarter 2026 Earnings Performance Summary Update – April 30, 2026
Slide 2: Forward-looking Statements
This presentation may contain statements that are not historical information and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of fut
Slide 3: Use of Non-GAAP Financial Information
To supplement our condensed consolidated financial information presented in accordance with GAAP, the Company considers certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP results, Non-GAAP operating profit margin, adjusted diluted earnings per share, free ca
Slide 4: Key Q1 2026 Highlights
Key Q1 2026 Highlights 1 Backlog grew sequentially to $790M, revenue1 rose 6% to $888M and adjusted EBITDA1 grew 14% to $99M YoY 2 Banking: Momentum in Teller Cash Recyclers and Branch Automation Solutions 3 Retail: Strong double-digit growth fueled by Europe, increasing momentum in North America Re
Slide 5: Banking Market & Strategy Overview
Banking Market & Strategy Overview ATM & Teller Cash Recycler (TCR) ® New win for 200+ DN Series 200V Cash Recyclers with Vynamic software and services ® Teller Cash Recycler market is green field opportunity, attaches service contracts • Major win in the U.S. with one of the largest money-center ba
Slide 6: Retail Market & Strategy Overview
Retail Market & Strategy Overview North America • Opportunity pipeline in North America tripled over the past year • Won new business with a top 10 convenience store in U.S. for 1,000s of electronic point-of-sale devices • Active initial rollouts with a major pharmacy chain (SCO) and regional grocer
Slide 7: Service – Strategically Driving Recurring Revenue Growth
Service – Strategically Driving Recurring Revenue Growth Key Initiatives • Field technician software rollout in North America complete • Consolidated service and repair centers • Targeted investments in service talent and capabilities Realizing Benefits Product opportunity through service Increasing
Slide 8: Lean – DN's Commitment to Continuous Improvement
Lean – DN’s Commitment to Continuous Improvement Asia Pacific Service Global Manufacturing Recognition for DN Consolidated repair footprint, delivering North Canton, Ohio: Diebold Nixdorf recognized for leadership in ~$200,000 in annualized cost savings and payment innovation, ATM services and end-t
Slide 9: Five Quarter Financial Trends
Five Quarter Financial Trends Delivering YoY revenue and margin growth, $50M OpEx run rate cost savings program on track Operating Expense ($M)(1,2) / Total Revenue ($M)(1) Total Gross Margin (%)(1) Operating Expense % of Revenue(1,2) Service Product $1,104 $915 $945 26.5% 27.1% $171 $888 26.2% $165
Slide 10: Five Quarter Financial Trends
Five Quarter Financial Trends Strong adjusted EBITDA growth of 14% and adjusted EPS growth of 81% YoY; Free cash flow tripled YoY to a Q1 record Adjusted EBITDA ($M) / Adjusted Earnings per Share(1,2) Free Cash Flow ($M)(1) Adjusted EBITDA Margin(1) $3.02 $196 $164 $122 $1.39 $111 $99 $87 $0.94 $0.6
Slide 11: Banking
Banking Disciplined execution driving profitability in Banking Revenue ($M)(1) Gross Profit ($M) / Gross Margin (%)(1) Service Product YoY as Reported $798 $679 $690 $629 $621 (1.4)% $224 $381 $272 $288 $187 $185 $247 $233 (5.8)% $162 $165 $382 $407 $402 $417 $388 +1.4% 25.7% 27.5% 26.8% 28.0% 26.6%
Slide 12: Retail
Retail Strong double-digit revenue growth across Product and Service Revenue ($M) Gross Profit ($M) / Gross Margin (%)(1) YoY as Service Product Reported $306 $255 $268 +26.5% $236 $76 $212 $150 $113 $122 +42.9% $63 $61 $101 $52 $56 $85 $126 $135 $142 $157 $146 +15.4% 24.4% 23.7% 24.7% 24.9% 22.6% Q
Slide 13: 2026 Guidance
2026 Guidance Maintaining 2026 financial outlook on strong Q1 results and sustained positive momentum Metrics FY26 Outlook Key Details Total $3.86B - $3.94B • Supported by $790M product backlog as of end of Q1 2026, and reduced product lead times Revenue Adjusted $510M - $535M • Growing adjusted EBI
Slide 14: Benefiting from Fortress Balance Sheet
Benefiting from Fortress Balance Sheet Targeting $800M of FCF generation cumulatively from 2025 through 2027, strong liquidity position of ~$680M Share Repurchase Free Cash Flow Credit Ratings Authorization Conversion Target(1) Fitch(4) BB- $83M / $117M 50%+ S&P / Moody’s B+ / B1 Repurchased / Remai
Slide 15: Positioned for Value Creation
Positioned for Value Creation 1 Strong Q1 execution drove profitable growth with momentum expected to continue Banking growth engines accelerating: Expanding beyond the ATM with Branch Automation Solutions 2 and Teller Cash Recyclers, driving higher-value, software- and services-led relationships Re
Slide 16: Questions and Answer Session
Questions and Answer Session Octavio Marquez Tom Timko President & Executive Vice President Chief Executive Officer & Chief Financial Officer
Slide 17: Supplemental Slides
Supplemental Slides 17 | DIEBOLD NIXDORF
Slide 18: Reconciliation of GAAP results to Non-GAAP results – Q1-26 ($M)
Reconciliation of GAAP results to Non-GAAP results – Q1-26 ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GA
Slide 19: Reconciliation of GAAP results to Non-GAAP results – Q4-25 & Q3-25 ($M)
Reconciliation of GAAP results to Non-GAAP results – Q4-25 & Q3-25 ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, includin
Slide 20: Reconciliation of GAAP results to Non-GAAP results – Q2-25 & Q1-25 ($M)
Reconciliation of GAAP results to Non-GAAP results – Q2-25 & Q1-25 ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, includin
Slide 21: Reconciliation of earnings per share - Quarter Trend ($M)
Reconciliation of earnings per share - Quarter Trend ($M) Q1 2025 Q2 2025 Q3 2025 Q4 2025 YTD 2025 Q1 2026 ($ in millions, except per share data) Net income (loss) $ (7.5) (0.20) $ 12.7 0.34 $ 41.7 1.13 $ 50.5 1.39 $ 97.5 2.62 $ 5.5 0.15 Net income attributable to noncontrolling interests 0.8 0.02 0
Slide 22: Reconciliation of free cash flow - Quarter Trend ($M)
Reconciliation of free cash flow - Quarter Trend ($M) Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Net cash provided (used) by operating activities $ 15.7 $ 30.0 $ 37.4 $ 217.6 $ 300.7 $ 31.7 Capital expenditures (7.9) (8.0) (6.7) (14.8) (37.4) (5.6) Capitalized software development (1.7) (9.4) (6.2) (7.0) (
Slide 23: Reconciliation of operating expense as a % of revenue- Quarter Trend (%)
Reconciliation of operating expense as a % of revenue- Quarter Trend (%) Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Operating expenses (GAAP) $ 172.8 $ 177.8 $ 171.3 $ 197.4 $ 180.4 Restructuring and other savings initiatives $ (9.2) $ (7.6) $ (9.8) $ (25.5) $ (11.9) Non-core APMEA entity $ - $ - $ - $ - $ (6.4)
Slide 24: Reconciliation of GAAP net income to EBITDA and Adjusted EBITDA – TTM Trend ($M)
Reconciliation of GAAP net income to EBITDA and Adjusted EBITDA – TTM Trend ($M) Trailing Twelve Month (TTM) Quarter End Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Net income (loss) $ (8.0) $ (10.1) $ 53.3 $ 97.5 $ 110.4 Income tax expense (benefit) 65.2 38.0 17.7 24.1 32.0 Interest income (9.6) (9.1) (8.3) (8.9
Slide 25: Financial Results of Segments – Quarter Trend ($M)
Financial Results of Segments – Quarter Trend ($M) Gross Margin by Segment - Unaudited Three months ended Three months ended Three months ended Three months ended Twelve months ended Three months ended ($ in millions) March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 December 31, 202
Slide 26: Reconciliation of GAAP net income to Adjusted EBITDA – Quarter Trend ($M)
Reconciliation of GAAP net income to Adjusted EBITDA – Quarter Trend ($M) Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Net loss $ (7.5) $ 12.7 $ 41.7 $ 50.5 $ 97.5 $ 5.5 Income tax expense (benefit) (2.2) 4.8 9.6 11.9 24.1 5.7 Interest income (1.5) (2.5) (2.1) (2.8) (8.9) (2.9) Interest expense 21.5 21.8 21.
Slide 27: Net Debt Summary ($M) and Net Leverage – Quarter Trend
Net Debt Summary ($M) and Net Leverage – Quarter Trend * * Quarter Ended Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Cash, cash equivalents, restricted cash and short-term investments $ 328.3 $ 310.4 $ 280.0 $ 416.4 $ 373.6 Debt instruments (966.0) (966.5) (967.8) (970.7) (969.9) Net debt (637.7) (656.1) (687.8)