Unisys Corporation New · NYSE:UIS
Unisys Corporation New — Unisys — Shareholder Meeting (2024)
17 slides from Unisys Corporation New's shareholder meeting presentation, 2024
Slide 1: 2024 Annual Stockholder Meeting
2024 Annual Stockholder Meeting
Slide 2: 2024 Annual Stockholder Meeting Agenda
Unisys Corporation Call to order Closing of the polls 2024 Annual Stockholder Meeting Agenda Organization of Inspector’s report the meeting on voting Presentation of Adjournment the proposals Report on the Opening of the State of the polls Company
Slide 3: Disclaimer
2024 ANNUAL STOCKHOLDER MEETING Disclaimer Statements made by Unisys during today’s presentation that are not historical facts, including those regarding future performance, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the
Slide 4: 2024 Annual Stockholder Meeting
2024 Annual Stockholder Meeting Peter Altabef Chair and Chief Executive Officer
Slide 5: Full-Year 2023 Financial Results
Full-Year 2023 Financial Results REVENUE GAAP & NON-GAAP1 GAAP NET LOSS & ADJ. ($M) OPERATING PROFIT & MARGIN EBITDA1 & MARGINS +1.8% YoY +1.6% cc2 YoY +4.9% YoY 8.0% +4.9% cc2 YoY 7.0% 16.5% 14.2% $159 $1,980 $2,015 3.8% $326 GAAP $1,512 $1,586 2.6% $141 $286 Non-GAAP1 $77 $52 2022 2023 2022 2023 2
Slide 6: Full-Year 2023 Segment Results
Full-Year 2023 Segment Results DWS CA&I ECS Up 7.0% in cc1, or up 7.1% Up 2.2% in cc1, or 2.1% Down 3.9% in cc1, or down as reported as reported 3.2% as reported FY 23 Revenue ($M) $510 $546 $531 $670 $648 $520 2022 2023 2022 2023 2022 2023 Growth primarily driven by new Growth primarily driven by n
Slide 7: FY23 Revenue Profile
12% FY23 Revenue 15% 27% Profile 13% 2023 2023 45% BY SEGMENT BY GEOGRAPHY 32% Highly diverse revenue streams with large base of recurring revenue 26% 30% DWS CA&I ECS All Other US & Canada EMEA Asia Pacific Latin America 21% L&S & EX-L&S MIX 23% OF TOTAL COMPANY REVENUE 36% 32% 79% 2023 2023 BY CLI
Slide 8: Important 2023 Achievements
Important 2023 Achievements Financial Results Leading Indicators Solutions Portfolio Innovated within our Exceeded guidance Won more New Business industry solutions portfolio Exceeded original and upwardly-revised Signed 18% more New Business TCV in Such as Unisys Logistics Optimization and guidance
Slide 9: 2023 Market Recognitions
UNISYS CORPORATE RECOGNITIONS 2023 Market Recognitions ESG Rankings Leadership Positions in Key Analyst Reports Received B-rating, surpassing LEADER in Private/Hybrid Cloud LEADER in Digital Workplace Services the IT software industry INNOVATOR in Hybrid Enterprise Cloud Services average of C LEADER
Slide 10: Thank you. Questions?
Thank you. Ouestions? UNISYS
Slide 11: Appendix
Appendix UNISYS © 2024 UNISYS CORPORATION. ALL RIGHTS RESERVED. 11
Slide 12: Excluding License and Support (Ex-L&S)
Excluding License and Support (Ex-L&S) $M FY23 FY22 GAAP REVENUE $ 2,015.4 $ 1,979.9 L&S REVENUE 429.1 468.0 EX-L&S REVENUE (NON-GAAP) $ 1,586.3 $ 1,511.9 GAAP GROSS PROFIT $551.3 $ 529.6 L&S GROSS PROFIT 311.3 360.8 EX-L&S GROSS PROFIT (NON-GAAP) $ 240.0 $ 168.8 GAAP GROSS PROFIT MARGIN 27.4% 26.7%
Slide 13: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation $M FY23 FY22 NET INCOME (LOSS) ATTRIBUTABLE TO UNISYS ($ 430.7) ($ 106.0) NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 3.6 1.1 INTEREST EXPENSE, NET OF INTEREST INCOME OF $6.3, $3.7, $26.3 AND 4.5 20.0 $12.4 RESPECTIVELY 1 PROVISION FOR INCOME TAXES 79.3 42.3 DE
Slide 14: Non-GAAP Net Income
Non-GAAP Net Income $M EXCEPT SHARE AND PER SHARE DATA FY23 FY22 GAAP NET INCOME (LOSS) ATTRIBUTABLE TO UNISYS CORPORATION ($ 430.7) ($ 106.0) POST-RETIREMENT EXPENSE: PRETAX 388.5 45.3 TAX (0.7) 0.5 NET OF TAX $ 389.2 $ 44.8 CERTAIN LEGAL MATTERS: PRETAX 35.7 16.0 TAX - - NET OF TAX $ 35.7 $ 16.0 E
Slide 15: Non-GAAP Diluted Earnings Per Share
Non-GAAP Diluted Earnings Per Share $M EXCEPT SHARE AND PER SHARE DATA FY23 FY22 NON-GAAP NET INCOME ATTRIBUTABLE TO UNISYS CORPORATION $ 41.7 $ 74.8 WEIGHTED AVERAGE SHARES (THOUSANDS) 68,254 67,665 PLUS INCREMENTAL FROM ASSUMED CONVERSION OF EMPLOYEE STOCK PL ANS 945 481 NON-GAAP DILUTED WEIGHTED
Slide 16: Definitions of Non-GAAP Financial Metrics
Definitions of Non-GAAP Financial Metrics Non-GAAP operating profit – This measure excludes pretax postretirement expense and pretax charges in connection with certain legal matters related to professional services and legal fees, including legal defense costs, associated with certain legal proceedi
Slide 17: Definitions of Other Metrics and Terms
Definitions of Other Metrics and Terms Constant currency – A significant amount of the company’s revenue is derived from international operations. As a result, the company’s revenue has been and will continue to be affected by changes in the U.S. dollar against major international currencies. The co