Exela Technologies, Inc. · OTC:XELA
Exela Technologies — Q3 2024 Earnings Presentation
13 slides from Exela Technologies's earnings presentation, Nov 29, 2024
Slide 1: Third Quarter 2024 Results
Third Quarter 2024 Results November 29, 2024 Par Chadha, Executive Chairman Matt Brown, Interim Chief Financial Officer Webcast Link
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements: Certain statements included in this presentation are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by word
Slide 3: Exela at a Glance
Exela at a Glance LEADER IN BUSINESS PROCESS MANAGEMENT WITH $1.1 BILLION IN 2023 REVENUE AWARD-WINING SOLUTIONS AND SERVICES WITH PROVEN TRACK RECORD 30+ 4,000+ 60+ Liquidity Solutions: • Procure-to-Pay • Order-to-Cash Years of Experience in Global Customers Across Percent of the Fortune® 100 Busin
Slide 4: Award-winning best-in-class solutions and services
Award-winning best-in-class solutions and services © 2024 EXELA TECHNOLOGIES, INC 4
Slide 5: Big picture
Big picture Successful execution + Cost management = Delivering Positive Results 01 02 03 04 Drive operating Invest in Manage effects of Optimize Cash and leverage growth network event credit facilities © 2024 EXELA TECHNOLOGIES, INC 5
Slide 6: 3Q 2024 at a Glance
3Q 2024 at a Glance Revenue Gross Margin Adj EBITDA (1) Interest Expense $269.2M 20.2% $14.6M $23.4M YoY +6.3% YoY (1.4%) YoY (24.2%) YoY (5.1%) Sequentially +9.6% Sequentially (3.3%) Sequentially +6.7% Sequentially +1.4% Glassdoor Rating Employees SG&A Net Loss 12.6K $35.1M $(24.9M) 3.6 YoY (16.0%)
Slide 7: Earnings Highlights
Earnings Highlights Reduced Fixed Costs Driving In ($) MM’s 3Q 2023 3Q 2024 Operating Leverage • Revenue growth of 6.3% year-over-year and 9.6% Sales $253.1 $269.2 sequentially, driven by the ITPS segment. Operating Profit 2.1 3.2 • Improvement in Adj EBITDA of 6.7% sequentially and improvement in N
Slide 8: Financial Highlights
Financial Highlights Revenue and Gross Margin Growth by Segment Information and Healthcare Legal and Loss Transaction Solutions Prevention Services Processing Solutions Revenue $192.0M Revenue $58.8M Revenue $18.4M YoY +11.5% YoY (5.3%) YoY (2.4%) Gross Margin 16.6% Gross Margin 28.5% Gross Margin 3
Slide 9: Financial Updates
Financial Updates Highlights Lowlights 1. 9.6% sequential revenue growth 1. NASDAQ delisting 2. 6.7% sequential Adj EBITDA growth 2. Gross Margin declined year-over-year and sequentially 3. 90% TCV Renewal Rate, an improvement from 3. Need to expand liquidity 64% sequentially © 2024 EXELA TECHNOLOGI
Slide 10: Appendix / Reference
Appendix / Reference © 2024 EXELA TECHNOLOGIES, INC 10
Slide 11: Reconciliation of non-GAAP measures – Revenue and Adjusted EBITDA
Reconciliation of non-GAAP measures – Revenue and Adjusted EBITDA Three months ended Year ended (YTD) September ($ in millions) September 30, 30, 2024 2023 2024 2023 Revenues, as reported (GAAP) $269.2 $253.1 $773.6 $799.7 Foreign currency exchange impact (1) (0.7) (2.3) (1.0) 1.3 Revenues, at const
Slide 12: Defined Terms in Presentation and Notes
Defined Terms in Presentation and Notes 1. ACV: Annual contract value in $ USD 2. ACV Renewal Rate: Success rate of ACV renewals in percent 3. ACV Won: Total $ USD New ACV value won in Salesforce in quarter © 2024 EXELA TECHNOLOGIES, INC 12
Slide 13: Q&A
Q&A © 2024 EXELA TECHNOLOGIES, INC 13