Diebold Nixdorf Incorporated · NYSE:DBD
Diebold Nixdorf — Q2 2025 Earnings Presentation
26 slides from Diebold Nixdorf's earnings presentation, Aug 6, 2025
Slide 1: Second Quarter 2025 Earnings
Second Quarter 2025 Earnings Performance Summary Update – August 6, 2025
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 f
Slide 3: Use of Non-GAAP Financial Information
To supplement our 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 cash flow (u
Slide 4: Key Highlights
Key Highlights 1 Continued strength in 2Q25; reaffirm 2025 outlook, trending toward the higher end of the range 2 Backlog increased to ~$980M supported by strong order entry growth of ~10% YoY 3 Gross margin(1) expansion of 50 bps YoY and 120 bps sequentially in 2Q25, driven by mix Generated positiv
Slide 5: Diebold Nixdorf: Investment Thesis
Diebold Nixdorf: Investment Thesis…Multiple Ways to Win Delivering value creation across three key drivers as set out at our February 2025 Investor Day DN is a global leader providing mission critical hardware, service and software transforming how people bank and shop 1 Capturing Secular Tailwinds:
Slide 6: Year-to-Date Progress On Our Growth Strategy
Year-to-Date Progress On Our Growth Strategy Multiple ways to win; achieving numerous milestones with significant runway ahead Banking Retail Branch Automation & Fit-for-purpose Devices North America Expansion & AI-driven Self Service • Strong performance in EMEA with wins at • Vynamic Smart Vision
Slide 7: Early Lean Impact
Early Lean Impact – Accelerated Global Kaizens Momentum North Canton, OH Paderborn, Germany Nadarzyn, Poland Achieved 55 safety-related improvements Improved on time delivery to 95+% Achieved 39 safety-related improvements 14% rise in quality, reducing defects and rework Improved material turnover r
Slide 8: Five Quarter Financial Trend
Five Quarter Financial Trend Continued sequential improvements in 2Q25; H1 FX volatility resulted in headwind of ~$4M in revenue Total Revenue ($M) Total Gross Margin (%)(1) Operating Expense ($M)(1)(2) Service Product $940 $989 $927 $915 26.5% $170 $841 26.0% 26.1% $159 $159 $166 $165 25.3% $399 $3
Slide 9: Five Quarter Financial Trend
Five Quarter Financial Trend Remain committed to strengthening profitability and improving free cash flow Operating Profit ($M)(1) Adjusted EBITDA ($M) / Free Cash Flow ($M)(1) Adjusted EBITDA Margin(1) 3 Quarters in a row of positive FCF $119 $118 $112 $186 $111 $85 $83 $71 $73 $87 $48 $13 $6 $(16)
Slide 10: Banking
Banking Banking continues to deliver solid quarterly results – accelerating in the second half from new placements in the emerging markets Revenue ($M) (1) Gross Profit ($M) / Gross Margin (%) (1) Service Product Seq. as Reported $707 $691 $716 $679 +7.9% $629 $185 $184 $187 $306 $290 $317 $272 +9.9
Slide 11: Retail
Retail Sequential revenue growth is expected to continue throughout 2025, driving Retail recovery Revenue ($M) (1) Gross Profit ($M) / Gross Margin (%) (1) Service Product Seq. as Reported $273 $232 $236 $236 +11.5% $212 $128 $66 $93 $95 $101 +18.2% $60 $59 $56 $85 $52 $139 $141 $144 $126 $135 +7.0%
Slide 12: 2025 Guidance
2025 Guidance Reaffirming 2025 guidance – trending towards the higher end of the range including potential impact of current tariffs FY24 Metrics FY25 Outlook Key Details Actuals • Banking and Retail up low-single digits YoY in constant currency with Retail recovery in 2H25 Total Flat to up low- • R
Slide 13: Fortress Balance Sheet
Fortress Balance Sheet Benefitting from reduced leverage and bolstered liquidity position of >$600M – supports capital allocation priorities Revolving Credit Facility Cash Balance Net Leverage(1) $310M $310M 1.5x No Borrowings Cash & Short-Term Net Debt / TTM Adjusted Outstanding Investments EBITDA
Slide 14: Key Takeaways
Key Takeaways Banking is gaining momentum with teller cash recyclers and tailored solutions, while refresh 1 cycle demand is steadily progressing Expect continued sequential recovery through 2025 in Retail with further AI-powered Smart Vision 2 pilots and proof-of-concept traction 3 Continue to driv
Slide 15: Questions and Answer Session
Questions and Answer Session Octavio Marquez Tom Timko President & Executive Vice President Chief Executive Officer & Chief Financial Officer
Slide 16: Supplemental Slides
Supplemental Slides 16 | DIEBOLD NIXDORF
Slide 17: Financial Condition
Financial Condition Strong free cash flow(1) performance – $13M source in 2Q25 – improving on historical quarterly seasonality ($ in millions) Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Adjusted EBITDA(1) $119 $118 $112 $87 $111 Overview Working Capital source (use) $(66) $(57) $147 $26 $(57) • YoY improvement i
Slide 18: Reconciliation of GAAP Results to Non-GAAP Results
Reconciliation of GAAP results to Non-GAAP results – Q2-25 ($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, including Non-GA
Slide 19: Reconciliation of GAAP Results to Non-GAAP Results
Reconciliation of GAAP results to Non-GAAP results – Q1-25 & Q4-24 ($M) Notes for Non-GAAP Measures To supplement our consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP
Slide 20: Reconciliation of GAAP Results to Non-GAAP Results
Reconciliation of GAAP results to Non-GAAP results – Q3-24 & Q2-24 ($M) Notes for Non-GAAP Measures To supplement our consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP
Slide 21: Reconciliation of Free Cash Flow
Reconciliation of free cash flow - Quarter Trend ($M) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Net cash provided (used) by operating activities $(23.5) $(8.0) $(15.5) $196.2 $149.2 $15.7 $30.0 Capital expenditures (6.7) (1.7) (3.8) (5.2) (17.4) (7.9) (8.0) Capitalized software development (6.2) (6.
Slide 22: Reconciliation of GAAP Net Income to EBITDA
Reconciliation of GAAP net income to EBITDA and Adjusted EBITDA – TTM Trend ($M) Trailing Twelve Month (TTM) Quarter End Q3-24 Q4-24 Q1-25 Q2-25 Net loss $ 2.2 $ (14.5) $ (8.0) $ (10.1) Income tax expense (benefit) 57.3 64.3 65.2 38.0 Interest income (14.4) (12.3) (9.6) (9.1) Interest expense 168.4
Slide 23: Financial Results of Segments
Financial Results of Segments – Quarter Trend ($M) Gross Margin by Segment - Unaudited Three months ended Twelve months ended Three months ended Three months ended ($ in millions) March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 December 31, 2024 March 31, 2025 June 30, 2025 Non-GAA
Slide 24: Reconciliation of GAAP Net Income to Adjusted EBITDA
Reconciliation of GAAP net income to Adjusted EBITDA – Quarter Trend ($M) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Net loss $ (14.0) $ 14.8 $ (21.7) $ 6.4 $ (14.5) $ (7.5) $ 12.7 Income tax expense (benefit) (3.1) 32.0 29.9 5.5 64.3 (2.2) 4.8 Interest income (4.2) (3.0) (2.9) (2.2) (12.3) (1.5) (2.
Slide 25: Financial Results of Segments
Financial Results of Segments – 2Q25 Revenue ($M) in Constant Currency * * 25 | DIEBOLD NIXDORF
Slide 26: Net Debt Summary
Net Debt Summary ($M) and Net Leverage * * We believe that cash, cash equivalents, restricted cash, and short-term investments on the balance sheet that net cash against outstanding debt, presented as net debt above, is a meaningful measure. *Non-GAAP Measures To supplement our condensed consolidate