Unisys Corporation New · NYSE:UIS
Unisys Corporation New — Unisys — BAML Leveraged Finance Conference 2018
16 slides from Unisys Corporation New's conference presentation, Dec 5, 2018
Slide 1: BAML Leveraged Finance Conference
BAML Leveraged Finance Conference December 5, 2018 Inder Singh | SVP & CFO www.unisys.com/investor
Slide 2: Disclaimer
Disclaimer • Statements made by Unisys during today’s presentation that are not historical facts, including those regarding future performance, are forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumption
Slide 3: Business Overview
@ a UNISYS | tomers" Business Overview
Slide 4: Delivering on Our Vision and Mission
Delivering on Our Vision and Mission Unisys Vision: Enhancing people’s lives through secure, reliable, advanced technology. Unisys Mission Government Commercial Financial Services • Justice, Law Enforcement • Travel and Transportation • Commercial and Retail and Border Security • Life Sciences and H
Slide 5: YTD 2018 Unisys Revenue Profile
YTD 2018 Unisys Revenue Profile Percent of Year to Date 2018 Non-GAAP Adjusted Revenue © 2018 Unisys Corporation. All rights reserved. | 5
Slide 6: Progress on Key Strategic Initiatives in 2018
Progress on Key Strategic Initiatives in 2018 Use Industry Go-To- • Total company YTD revenue grew 3.4% YoY; 3Q18 marked the fourth consecutive quarter of YoY growth Market Strategy to • Services YTD revenue grew 1.5% YoY; 3Q18 marked the second consecutive quarter of YoY Improve Revenue Services gr
Slide 7: Strategy In Action
Strategy In Action Scalable and Repeatable Recent Wins Leveraging expertise and solutions to win during 2018 Public Sector Federal International © 2018 Unisys Corporation. All rights reserved. | 7
Slide 8: Financial Update
UNISYS | :33'2" Financial Update
Slide 9: Improved Overall Financial Performance
Improved Overall Financial Performance Total Company Revenue Non-GAAP Operating Profit Margin Adjusted EBITDA Margin 5% 15% 16% 14.6% 14.9% 3% 13.6% 13.7% 0% 12% 11.5% 10% -2% 8.75% -3% 8.5% 7.7% -5% 8% 7.75% 5.8% -6% 5% -10% 4% -10% -15% 1 0% 0% 1 2015 2016 2017 2018 2015 2016 2017 2018 2015 2016 2
Slide 10: Services Revenue and Margin Improvements
Services Revenue and Margin Improvements Services non-GAAP operating margin improvement YoY Services revenue growth 4% 10% 5.2% 3% 2.9% 2.8% 5% 2.1% 2.1% 2% 1.9% 0% -0.7% -2.9% * -5% -4.2% 1% -6.4% -10% 0% 2016 2017 YTD17 YTD18 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 *Note: 1Q17 revenue and profitability help
Slide 11: Services Backlog Trend
Services Backlog Trend 4 consecutive quarters of YoY growth +33% YoY $4.8B $4.9B $4.7B $4.6B $4.3B $4.3B $3.9B $3.7B HISTORICAL RECENT BACKLOG BACKLOG ANNUAL QUARTERLY VIEW VIEW 2014 2015 2016 3Q17 4Q17 1Q18 2Q18 3Q18 Backlog © 2018 Unisys Corporation. All rights reserved. | 11
Slide 12: 3Q18 Financial Highlights
3Q18 Financial Highlights Strong Revenue Performance • Total revenue growth of 3.3% YoY (2.8% on a non-GAAP adjusted basis), marking the fourth consecutive quarter of revenue growth • Constant-currency growth of 5.8% YoY • Services revenue growth of 5.2% YoY (4.7% on a non-GAAP adjusted basis), mark
Slide 13: Actively Manage Pension Obligations & Tax Assets
Actively Manage Pension Obligations & Tax Assets Continued focus on effectively managing future pension obligations through increasing efficiency, implementing structural changes and monitoring our return on assets Liability Reduction Hedges Cost Investment • Plan terminations • Buy-ins Efficiency E
Slide 14: Question and Answer
@ . UNISYS | foie" Question and Answer
Slide 15: Appendix
e UNISYS | foie" Appendix
Slide 16: Impact of Convertible Notes on Earnings Per Share (EPS) (Illustrative Example)
Impact of Convertible Notes on Earnings Per Share (EPS) (Illustrative Example) Illustrative Example Three Months Ended, Only dilutive • Under generally accepted accounting principles 20XX with quarterly (GAAP) the dilutive effect of the Convertible income of Senior Notes (notes) on EPS is accounted