Diebold Nixdorf Incorporated · NYSE:DBD
Diebold Nixdorf — Debt Investor Presentation (March 2023)
14 slides from Diebold Nixdorf's debt investor presentation, Mar 16, 2023
Slide 1: Lender Presentation March 16, 2023
Exhibit 99.1 Confidential and Subject to Change Lender Presentation March 16, 2023
Slide 2: General and Forward-Looking Statements
Confidential and Subject to Change General: Statements contained in this presentation and the information contained herein (collectively, the “Materials”) describing documents and agreements are summaries only and such summaries are qualified in their entirety by reference to such documents and agre
Slide 3: Situation Overview
Confidential and Subject to Change Situation Overview Diebold Nixdorf (“Diebold” or the “Company”) appreciates the opportunity to update its lenders on its capital structure and recent performance n The business is exhibiting strong performance as indicated by the following: „ Continued strong backl
Slide 4: Q1 Financial Update
Confidential and Subject to Change Q1 Financial Update ($ in millions) Financial Performance February QTD Results Financial Performance n Order Entry: QTD February order entry is $57M above AOP, Q1'23 Q1'22 primarily due to outperformance in Banking in the Americas. Order entry is lower than prior y
Slide 5: Production Update
Confidential and Subject to Change Production Update ATM Shipments January Overview n ATM Shipments 60.7k œ ATM shipments are expected to increase to ~14k units in Q1, which is 1.5-2k improvement versus the trailing three-quarter trend and relatively in-line with 17.0k the prior year ● QTD 8,088 of
Slide 6: Delivery Update Through February: Banking (ATM)
Confidential and Subject to Change Delivery Update Through February: Banking (ATM) The Company shipped 8,088 units through January and February Deliveries Map Deliveries by Plant / Region 4
Slide 7: Delivery Update Through February: Retail (SCO)
Confidential and Subject to Change Delivery Update Through February: Retail (SCO) The Company shipped 4,058 units through January and February Deliveries Map Deliveries by Plant / Region 5
Slide 8: Liquidity Bridge from Q4'22E to Q4'22A
Confidential and Subject to Change Liquidity Bridge from Q4’22E to Q4’22A ($ in millions) The Company’s Q4’22 ending liquidity was $54mm below the cleansing material forecast $42 ($6) ($47) $47 ($28) ($9) ($8) ($25) ($20) $399 $345 1 2 3 4 5 6 7 8 Q4'22E (-) Non- (+) Changes (+) Other (-) Capex (-)
Slide 9: Liquidity Bridge from Q4'22A to February 2023
Confidential and Subject to Change Liquidity Bridge from Q4’22A to February 2023 ($ in millions) Liquidity has declined by ~$150mm since the end of Q4’22, driven primarily by working capital payments, the borrowing base reduction and other operating cash flow payments ($60) $42 ($90) ($2) ($2) $2 $5
Slide 10: Appendix
Appendix
Slide 11: GAAP to Non-GAAP Reconciliation February 2022 QTD
Confidential and Subject to Change GAAP to Non-GAAP Reconciliation February 2022 QTD ($ in millions) Services Products Total GAAP Revenue $332 $158 $490 Held for Sale non-core European retail business (2) (1) (2) Constant Currency (11) (7) (18) Divestitures (4) (6) (10) Non-GAAP Revenue $315 $145 $4
Slide 12: GAAP to Non-GAAP Reconciliation Q1'22
Confidential and Subject to Change GAAP to Non-GAAP Reconciliation Q1’22 ($ in millions) Services Products Total GAAP Revenue $526 $304 $830 Held for Sale non-core European retail business (3) (3) (6) Constant Currency (16) (11) (28) Divestitures (4) (6) (10) Non-GAAP Revenue $504 $284 $787 Services
Slide 13: GAAP to Non-GAAP Reconciliation February 2023 QTD
Confidential and Subject to Change GAAP to Non-GAAP Reconciliation February 2023 QTD ($ in millions) Services Products Total GAAP Revenue $322 $157 $479 Held for Sale non-core European retail business (1) (2) (3) Non-GAAP Revenue $321 $155 $476 Services Products Total GAAP Gross Profit $87 $22 $109
Slide 14: GAAP to Non-GAAP Reconciliation January 2023
Confidential and Subject to Change GAAP to Non-GAAP Reconciliation January 2023 ($ in millions) Jan 2023 Net Loss ($65) Income Tax Expense (Benefit) 17 Interest Income (1) Interest Expense 26 D&A 10 EBITDA ($13) Share-Based Compensation 1 Amortization of Cloud-Based Software Implementation Costs 0 F
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