Xbp Global Holdings, Inc. · NASDAQ:XBP
Xbp Global — Q3 2025 Earnings Presentation
24 slides from Xbp Global's earnings presentation, Nov 14, 2025
Slide 1: Third Quarter 2025 Financial Results
Third Quarter 2025 Financial Results Andrej Jonovic, Chief Executive Officer Dejan Avramovic, Chief Financial Officer November 14, 2025 ©XBP GLOBAL 2025 PROPRIETARY & CONFIDENTIAL 1
Slide 2: Safe Harbor Statements
Safe Harbor Statements About Pro Forma Financial Information This presentation includes certain pro forma financial information, which is presented for informational purposes only and is not prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Pro forma results are pre
Slide 3: Meet the New XBP Global
Meet the New XBP Global XBP Europe and Exela Technologies BPA unite to launch a transformative new beginning On July 29, 2025, XBP Europe Holdings, Inc. (“XBP Europe”) finalized its acquisition of Exela Technologies BPA, LLC (“BPA”). The combined entity operates under the new name XBP Global Holding
Slide 4: A Global Presence With a Local Focus
A Global Presence With a Local Focus 30+ 2500+ 60+ Years long journey Global clients across Percent of the Fortune® from automation to industries and 100 served over time hyper-automation public and private sectors ~11K 20 Employees Countries with Physical Presence ©XBP GLOBAL 2025 PROPRIETARY & CON
Slide 5: Our Flagship Solutions
Omnichannel Marketing Public Sector Healthcare Solutions for Our Communications • High-volume Marketing • Public Sector Financial & Payers and Providers AI-Enabled Payer Solutions Flagship • Communications Services AI infused Digital Commerce Information Management Solutions • • Member Management Ne
Slide 6: A Key Part of the Critical Infrastructure in the United States
A Key Part of the Critical Infrastructure in the United States XBP Global orchestrates mission-critical systems that enable hyper-automation and is deemed an essential service provider Mailroom, Billing & Legal Claims Claims Processing & RCM Top 5 Telecoms: 400M Subscribers Over 200M Insured + 20M V
Slide 7: XBP Annual Statistics Overview - Metrics highlighting our Scale
XBP Annual Statistics Overview - Metrics highlighting our Scale Our proprietary platforms, agentic AI-driven automation, and deep domain expertise across industries and the public and private sectors enable our clients to trust us with their most impactful workflows Integrated Legal Communication Au
Slide 8: Endorsed by Top Analyst Firms
Endorsed by Top Analyst Firms Acknowledged by leading analyst firms for delivering high-performance solutions across diverse industries INTELLIGENT AUTOMATION HC PROVIDER HC PAYER FINANCE & ACCOUNTING Strong Major Leader Leader Performer Player Forrester - Task-Centric Automation NelsonHall - Health
Slide 9: Key Results 2025
Key Results 2025 Ongoing analyst interactions with increased focus on intelligent automation assessments INTELLIGENT AUTOMATION HEALTHCARE PROVIDER HEALTHCARE PAYER FINANCE & ACCOUNTING BILLS & PAYMENTS Star Performer - IPA Disruptor - Payer BPT Aspirant - P2P Product Major Contender - FCC Leader -
Slide 10: 3Q 2025 Pro Forma Financial & Operating Results
3Q 2025 Pro Forma Financial & Operating Results ©XBP GLOBAL 2025 PROPRIETARY & CONFIDENTIAL 10
Slide 11: 3Q 2025 Pro Forma Highlights
3Q 2025 Pro Forma Highlights1 • XBP Europe Holdings Inc. (“XBP Europe”) finalized Revenue1 Adjusted EBITDA2 its acquisition of Exela Technologies BPA, LLC (“BPA”) and renamed to XBP Global Holdings, Inc. $220.4M $24.7M • Issued approximately 81.8M shares for an equity 18.1% YoY +7.4% YoY valuation o
Slide 12: 3Q 2025 Pro Forma Revenue Breakdown
3Q 2025 Pro Forma Revenue Breakdown Segments ($ in Millions) Applied Workflow Automation: · Bills & Payments · Data Capture, Analysis and Transformation · Healthcare Solutions · On-Site Enterprise Solutions · Integrated Communication Solutions · Enterprise Legal Management Technology: · Software lic
Slide 13: Quarterly Financial Performance
Quarterly Financial Performance Pro Forma Revenue and Gross Margin Pro Forma Adjusted EBITDA1 (Revenue in $ Millions) (in $ Millions) · Outside of a one-time project in 3Q 24 totaling $36.5m, revenue now · Pro Forma Adjusted EBITDA growth driven by higher stabilizing while gross margin is expected t
Slide 14: Automation Trends led by Expanding AI Enablement
Automation Trends led by Expanding AI Enablement Driving Superior Labor Efficiency Through Automation Headcount Trends Revenue per Employee vs Peers (TTM) (in $ thousands) · Our headcount fluctuates in part due to revenue changes; · The broader peer group comps average is $57.5k of revenue however,
Slide 15: Client Metrics
Client Metrics Low concentration of clients across industries and a balanced distribution with top 50 clients accounting for 59% of revenue Number of Active Clients 2,680 (in $ Millions) Other Regions BFSI (Banking, Financial Services & Insurance) TMT Europe Americas $37.8M $182M Client Concentratio
Slide 16: By the Numbers
By the Numbers XBP Global benefits from a diversified client base, with no individual client accounting for more than 7.5% of total revenue and a stability of revenue through high renewal rates and long average tenure among largest clients ~150 83% 92% 42 15 Clients with TTM Renewal Conversion Rate
Slide 17: Q&A
Q&A ©XBP GLOBAL 2025 PROPRIETARY & CONFIDENTIAL 17
Slide 18: Appendix
APPENDIX ©XBP GLOBAL 2025 PROPRIETARY & CONFIDENTIAL 18
Slide 19: Glossary
Glossary - ACV: Annual Contract Value - Bank Giro: An electronic payment system used for transferring money directly between bank accounts, particularly in Europe - BFSI: Banking, Financial Services, and Insurance - IDP: Intelligent Document Processing, an AI-powered solution that leverages neural n
Slide 20: Non-GAAP Financial Metrics and Reconciliations
Non-GAAP Financial Metrics and Reconciliations In addition to its reported operating results in accordance with U.S. generally accepted accounting principles (GAAP), XBP Global has included in this presentation certain financial measures that are considered non-GAAP financial measures, including Adj
Slide 21: Reconciliation of Net Income to Pro Forma Adjusted EBITDA
Reconciliation of Net Income to Pro Forma Adjusted EBITDA ©XBP GLOBAL 2025 PROPRIETARY & CONFIDENTIAL 21
Slide 22: Reconciliation of Revenue and Gross Profit to Combined Pro Forma
Reconciliation of Revenue and Gross Profit As Reported to Combined Pro Forma Revenue and Gross Profit ©XBP GLOBAL 2025 PROPRIETARY & CONFIDENTIAL 22
Slide 23: Footnotes to Non-GAAP Reconciliation
Footnotes to Non-GAAP Reconciliation (1) Represents one-time costs associated with restructuring, including legal and lease termination costs (2) Represents a loss/(gain) recognized on the disposal of property, plant, and equipment and other assets (3) Represents the annualized run-rate cost savings
Slide 24: Thank You
Thank You ©XBP GLOBAL 2025 PROPRIETARY & CONFIDENTIAL