Diebold Nixdorf Incorporated · NYSE:DBD
Diebold Nixdorf — Q3 2025 Earnings Presentation
25 slides from Diebold Nixdorf's earnings presentation, Nov 5, 2025
Slide 1: Third Quarter 2025 Earnings
Third Quarter 2025 Earnings Performance Summary Update – November 5, 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 Third quarter in a row of double-digit YoY order entry growth, reflecting ongoing demand 2 Revenue growth of 2% YoY, and adjusted EPS of $1.39 up more than a dollar YoY 3 Strong Retail business momentum with order entry growth of ~40% YoY, revenue up 8% YoY 4 Fourth consecutive quar
Slide 5: Diebold Nixdorf: Investment Thesis…Multiple Ways to Win
Diebold Nixdorf: Investment Thesis…Multiple Ways to Win Delivering value creation across three key drivers as set out at our February 2025 Investor Day DN is a global leader providing mission critical hardware, service and software transforming how people bank and shop 1 Capturing Secular Tailwinds:
Slide 6: Progress On Our Growth Strategy
Progress On Our Growth Strategy BANKING RETAIL SERVICE OPERATIONS KEY INITIATIVES KEY INITIATIVES KEY INITIATIVES KEY INITIATIVES - Branch Automation - AI-driven solutions - Increasing density - Improve working capital Solutions (BAS) - North America expansion - Driving efficiency - Optimize manufac
Slide 7: Lean Impact Update and Recognition: Q3 2025
Lean Impact Update and Recognition: Q3 2025 Paris, France Paderborn, Germany Global Recognition for DN Achieved 40 safety-related improvements Continuously driving operation savings through Diebold Nixdorf recognized after daily management programs and LED lighting comprehensive analysis of employee
Slide 8: Five Quarter Financial Trend
Five Quarter Financial Trend Continuing to deliver on sequential revenue growth – disciplined cost control to drive higher profitability over time Total Revenue ($M)(3) Total Gross Margin (%)(1) Operating Expense ($M)(1)(2) Service Product $989 $945 $927 $915 26.5% $170 $841 26.1% 26.2% $159 $166 $1
Slide 9: Five Quarter Financial Trend
Five Quarter Financial Trend Line of sight to strong 4Q25 Adjusted EBITDA ($M) / Adjusted Earnings per Share(1) Free Cash Flow ($M)(1) Adjusted EBITDA Margin(1) 4 consecutive quarters of positive FCF $118 $122 $1.39 $112 $111 $186 $87 $0.94 $0.78 $25 $13 $6 $0.37 $(25) 12.7% 11.4% 10.4% 12.2% 12.9%
Slide 10: Banking
Banking Banking continues to deliver solid quarterly results, expecting strong 4Q25 performance Revenue ($M) (1) Gross Profit ($M) / Gross Margin (%) (1) Service Product Seq. as Reported $691 $716 $679 $690 +1.6% $629 $184 $187 $185 $290 $317 $272 $288 +5.9% $171 $247 $162 $401 $399 $382 $407 $402 (
Slide 11: Retail
Retail Strong Retail momentum from 3Q25 expected to continue Revenue ($M) (1) Gross Profit ($M) / Gross Margin (%) (1) Service Product Seq. as Reported $273 $255 $236 $236 +8.1% $212 $128 $66 $63 $95 $101 $113 $59 +11.9% $56 $85 $52 $141 $144 $126 $135 $142 +5.2% 24.8% 24.1% 24.4% 23.7% 24.7% Q3-24
Slide 12: 2025 Guidance
2025 Guidance Reaffirming 2025 guidance – targeting the higher end of the ranges including potential impact of current tariffs FY24 Metrics FY25 Outlook Key Details Actuals Total Flat to up low- • Banking and Retail up low-single digits YoY $3.75B Revenue single digits • Sequential Retail revenue gr
Slide 13: Benefiting from Fortress Balance Sheet
Benefiting from Fortress Balance Sheet New $200M share repurchase program, successfully completed $100M program in Q4, strong liquidity position of ~$590M Share Repurchase Free Cash Flow Credit Ratings Authorization Conversion Target B+ / B2 $200M 40%+ S&P / Moody’s New Authorization Nearly Doubling
Slide 14: Key Takeaways
Key Takeaways 1 Diebold Nixdorf’s industry-leading Banking solutions position us for growth 2 Retail portfolio gaining traction and pipeline continues to expand New operating model to capitalize on growth initiatives and accelerate business with superior financial 3 structure 4 Capital allocation st
Slide 15: Questions and Answer Session
Questions and Answer Session Octavio Marquez Tom Timko President & Executive Vice President Chief Executive Officer & Chief Financial Officer
Slide 16: Supplemental Slides
Supplemental Slides 16 | DIEBOLD NIXDORF
Slide 17: Reconciliation of GAAP results to Non-GAAP results – Q3-25 ($M)
Reconciliation of GAAP results to Non-GAAP results – Q3-25 ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GA
Slide 18: Reconciliation of GAAP results to Non-GAAP results – Q2-25 & Q1-25 ($M)
Reconciliation of GAAP results to Non-GAAP results – Q2-25 & Q1-25 ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, includin
Slide 19: Reconciliation of GAAP results to Non-GAAP results – Q4-24 & Q3-24 ($M)
Reconciliation of GAAP results to Non-GAAP results – Q4-24 & Q3-24 ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, includin
Slide 20: Reconciliation of earnings per share - Quarter Trend ($M)
Reconciliation of earnings per share - Quarter Trend ($M) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ($ in millions, except per share data) Net income (loss) $ (21.7) (0.58) $ 6.4 0.17 $ (7.5) (0.20) $ 12.7 0.34 $ 41.7 1.13 Net income attributable to noncontrolling interests 0.7 0.02 0.8 0.02 0.8 0.02
Slide 21: Reconciliation of free cash flow - Quarter Trend ($M)
Reconciliation of free cash flow - Quarter Trend ($M) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 FY-25 YTD Net cash provided (used) by operating activities $ (23.5) $ (8.0) $ (15.5) $ 196.2 $ 149.2 $ 15.7 $ 30.0 $ 37.4 $ 83.1 Capital expenditures (6.7) (1.7) (3.8) (5.2) (17.4) (7.9) (8.0) (6.7)
Slide 22: 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 Q4-24 Q1-25 Q2-25 Q3-25 Net income (loss) $ (14.5) $ (8.0) $ (10.1) $ 53.3 Income tax expense (benefit) 64.3 65.2 38.0 17.7 Interest income (12.3) (9.6) (9.1) (8.3) Interest expen
Slide 23: Financial Results of Segments – Quarter Trend ($M)
Financial Results of Segments – Quarter Trend ($M) Gross Margin by Segment - Unaudited Three months ended Twelve months ended Three 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 Ju
Slide 24: Reconciliation of GAAP net income to Adjusted EBITDA – Quarter Trend ($M)
Reconciliation of GAAP net income to Adjusted EBITDA – Quarter Trend ($M) Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Net income (loss) $ (14.0) $ 14.8 $ (21.7) $ 6.4 $ (14.5) $ (7.5) $ 12.7 $ 41.7 Income tax expense (benefit) (3.1) 32.0 29.9 5.5 64.3 (2.2) 4.8 9.6 Interest income (4.2) (3.0) (2
Slide 25: Net Debt Summary ($M) and Net Leverage
Net Debt Summary ($M) and Net Leverage * * Q1-25 Q2-25 Q3-25 Cash, cash equivalents, restricted cash and short-term investments $ 328.3 $ 310.4 $ 280.0 Debt instruments (966.0) (966.5) (967.8) Net debt (637.7) (656.1) (687.8) Adjusted EBITDA (trailing twelve months)* $ 436.1 $ 428.5 $ 432.9 Net Leve