Diebold Nixdorf Incorporated · NYSE:DBD
Diebold Nixdorf — Q3 2026 Earnings Presentation
29 slides from Diebold Nixdorf's earnings presentation, Oct 28, 2026
Slide 1: Third Quarter 2026 Earnings
Third Quarter 2026 Earnings Performance Summary Update – October 28, 2026
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 fut
Slide 3: Use of Non-GAAP Financial Information
To supplement our condensed 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 ca
Slide 4: Key Q3 2026 Highlights
Key Q3 2026 Highlights 1 Revenue1 grew 5% to $991M, adjusted EBITDA1 grew 5% to $128M; year-to-date book-to-bill ratio is 1.0 2 Banking portfolio aligned with evolving market and bank branch expansion in the U.S. 3 Double-digit Retail growth continued with strength in Europe and new wins in North Am
Slide 5: Diebold Nixdorf-Euronet Announcement
Diebold Nixdorf-Euronet Announcement • New collaboration with Euronet: Diebold Nixdorf and Euronet (NASDAQ: EEFT) announce intent to form a global strategic collaboration in ATM outsourcing, subject to definitive agreements. • Diebold Nixdorf: is a leader in advanced ATM and cash recycling technolog
Slide 6: Banking Market & Strategy Overview
Banking Market & Strategy Overview Core ATM ® • Won deal for 520 DN Series Cash Recyclers at one of the largest banks in North America • Expanded install base with deal for 1,450 ATMs in large Asian market • One of the largest financial institutions in the Philippines purchased 230 advanced ATMs Bey
Slide 7: Retail Market & Strategy Overview
Retail Market & Strategy Overview North America • Opportunity pipeline in North America grew substantially year-over-year • New logo win with a regional grocer for ~1,200 lanes at 200 stores • Land and expand strategy is gaining traction Europe Smart Vision AI opening doors • Won 6,000 self-checkout
Slide 8: Service – Strategically Driving Recurring Revenue Growth
Service – Strategically Driving Recurring Revenue Growth Key Initiatives • Deliver industry-leading availability and service levels • Consolidated LATAM support organization, creating unified service platform • North America service fleet refresh improving safety and first-time fix rates Realizing B
Slide 9: Lean – DN’s Commitment to Continuous Improvement
Lean – DN’s Commitment to Continuous Improvement Manaus, Brazil Global Employee Safety Recognition for DN Identified $1M+ of avoidable annual airfreight Achieved multi-year highs in global safety while Designated as one of America’s Best spend through enhanced forecasting and safety- remaining commi
Slide 10: Five Quarter Financial Trends
Five Quarter Financial Trends Continued YoY revenue growth, while OpEx cost savings program is driving lower expenses Operating Expense ($M)(1,2) / Total Revenue ($M)(1) Total Gross Margin (%)(1) Operating Expense % of Revenue(1,2) Service Product $1,104 $945 $991 27.1% $888 $928 26.4% $171 26.2% $1
Slide 11: Five Quarter Financial Trends
Five Quarter Financial Trends Delivered adjusted EBITDA growth, expect sequential growth in adjusted EBITDA, earnings per share and free cash flow in Q4 Adjusted EBITDA ($M) / Adjusted Earnings per Share(1,2) Free Cash Flow ($M)(1,3) Adjusted EBITDA Margin(1) $3.02 $196 $164 $122 $128 $121 $1.39 $1.
Slide 12: Banking
Banking Revenue up across Europe, Latin America and North America; gross profit increased driven by Services Revenue ($M)(1) Gross Profit ($M) / Gross Margin (%)(1) Service Product YoY as Reported $224 $798 $690 $695 +0.7% $189 $621 $635 $185 $381 $165 $181 $288 $237 $281 (2.6)% $233 26.8% 28.0% 26.
Slide 13: Retail
Retail Fourth consecutive quarter of double-digit revenue growth Gross Profit ($M) / Gross Margin (%)(1) Revenue ($M) YoY as Service Product Reported $306 $293 $296 +16.1% $76 $255 $268 $63 $61 $64 $61 $150 $142 $148 +30.9% $113 $122 $142 $157 $151 $149 +4.4% 24.7% 24.9% 22.6% 21.9% 20.7% $146 Q3-25
Slide 14: 2026 Guidance
2026 Guidance Updating 2026 guidance Metrics Prior FY26 Outlook Updated FY26 Outlook Total Revenue $3.86B - $3.94B(1) $3.86B - $3.90B(2) Adjusted EBITDA(3,4) $510M - $535M $490M - $510M Free Cash Flow(3,4,5) $255M - $270M $190M - $210M Adjusted EPS(3,4) $5.25 - $5.75 $4.50 - $4.85 1) GAAP Revenue –
Slide 15: Benefiting from Fortress Balance Sheet
Benefiting from Fortress Balance Sheet New $250M share repurchase program, follows $200M program previously announced in Q4 of 2025 Share Repurchase Free Cash Flow Credit Ratings Authorization Conversion Target(1) Fitch BB- $250M 40% - 45% S&P / Moody’s B+ / B1 New Authorization Largest Share Repurc
Slide 16: Positioned for Value Creation
Positioned for Value Creation 1 Delivered solid Q3 results with continued growth in revenue and adjusted EBITDA1 2 Strong Smart Vision AI momentum in Retail opening new opportunities in Banking 3 Banks continue to invest in automation and modernizing their physical and digital infrastructure 4 Stron
Slide 17: Questions and Answer Session
Questions and Answer Session Octavio Marquez Tom Timko President & Executive Vice President Chief Executive Officer & Chief Financial Officer
Slide 18: Supplemental Slides
Supplemental Slides 18 | DIEBOLD NIXDORF
Slide 19: Reconciliation of GAAP results to Non-GAAP results - Q3-26
Reconciliation of GAAP results to Non-GAAP results - Q3-26 ($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 20: Reconciliation of GAAP results to Non-GAAP results - Q2-26
Reconciliation of GAAP results to Non-GAAP results - Q2-26 ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GA
Slide 21: Reconciliation of GAAP results to Non-GAAP results - Q1-26
Reconciliation of GAAP results to Non-GAAP results - Q1-26 ($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 22: Reconciliation of GAAP results to Non-GAAP results - Q4-25, Q3-25
Reconciliation of GAAP results to Non-GAAP results - Q4-25,Q3-25 ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including
Slide 23: Reconciliation of earnings per share - Quarter Trend
Reconciliation of earnings per share - Quarter Trend ($M) Q1 2025 Q2 2025 Q3 2025 Q4 2025 YTD 2025 Q1 2026 Q2 2026 Q3 2026 YTD 2026 ($ in millions, except per share data) $ EPS $ EPS $ EPS $ EPS $ EPS $ EPS $ EPS $ EPS $ EPS Net income (loss) $ (7.5) (0.20) $ 12.7 0.34 $ 41.7 1.13 $ 50.5 1.39 $ 97.5
Slide 24: Reconciliation of free cash flow - Quarter Trend
Reconciliation of free cash flow - Quarter Trend ($M) Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Net cash provided (used) by operating activities $ 15.7 $ 30.0 $ 37.4 $ 217.6 $ 300.7 $ 31.7 $ (13.6) $ (47.4) Capital expenditures (7.9) (8.0) (6.7) (14.8) (37.4) (5.6) (7.8) (5.6) Capitalized soft
Slide 25: Reconciliation of operating expense as a % of revenue
Reconciliation of operating expense as a % of revenue- Quarter Trend (%) Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Operating expenses (GAAP) $ 172.8 $ 177.8 $ 171.3 $ 197.4 $ 180.4 $ 182.2 $ 208.4 Restructuring and other savings initiatives $ (9.2) $ (7.6) $ (9.8) $ (25.5) $ (11.9) $ (14.5) $ (31.0)
Slide 26: Reconciliation of GAAP net income to EBITDA and Adjusted EBITDA – TTM Trend
Reconciliation of GAAP net income to EBITDA and Adjusted EBITDA – TTM Trend ($M) Trailing Twelve Month (TTM) Quarter End Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Net income $ (8.0) $ (10.1) $ 53.3 $ 97.5 $ 110.4 $ 113.9 $ 79.3 Income tax expense 65.2 38.0 17.7 24.1 32.0 46.4 42.4 Interest income (9
Slide 27: Financial Results of Segments – Quarter Trend
Financial Results of Segments – Quarter Trend ($M) Gross Margin by Segment - Unaudited Three months ended Three months ended Three months ended Three months ended Twelve months ended Three months ended Three months ended Three months ended ($ in millions) March 31, 2025 June 30, 2025 September 30, 2
Slide 28: Reconciliation of GAAP net income to Adjusted EBITDA – Quarter Trend
Reconciliation of GAAP net income to Adjusted EBITDA – Quarter Trend ($M) Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Q3-26 Net income (loss) $ (7.5) $ 12.7 $ 41.7 $ 50.5 $ 97.5 $ 5.5 $ 16.2 $ 7.1 Income tax expense (benefit) (2.2) 4.8 9.6 11.9 24.1 5.7 19.2 5.6 Interest income (1.5) (2.5) (2.1) (2.8)
Slide 29: Net Debt Summary and Net Leverage – Quarter Trend
Net Debt Summary ($M) and Net Leverage – Quarter Trend * * Quarter Ended Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Cash, cash equivalents, restricted cash and short-term investments $ 328.3 $ 310.4 $ 280.0 $ 416.4 $ 373.6 $ 282.4 $ 184.9 Debt instruments (966.0) (966.5) (967.8) (970.7) $ (969.9) (97