Slides
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Second Quarter 2026 Earnings Performance Summary Update – July 29, 2026
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2 | DIEBOLD NIXDORF 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 future performance. These forward-looking statements include, but are not limited to, projections, statements regarding the Company's expected future performance (including expected results of operations), future financial condition, anticipated operating results, strategy plans, future liquidity and financial position. Statements can generally be identified as forward looking because they include words such as “believes,” “anticipates,” “expects,” “intends,” “plans,” “will,” “estimates,” “potential,” “target,” “predict,” “project,” “seek,” and variations thereof or “could,” “should” or words of similar meaning. Statements that describe the Company's future plans, objectives or goals are also forward-looking statements, which reflect the current views of the Company with respect to future events and are subject to assumptions, risks and uncertainties that could cause actual results to differ materially. Although the Company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, the economy, its knowledge of its business, and key performance indicators that impact the Company, these forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The factors that may affect our results include, among others: the success of new products and services, including Branch Automation Solutions for banking, cash recycling technology and Vynamic Smart Vision technology; ability to successfully execute on our digitally enabled hardware, services and software strategy; ability to generate sufficient cash flows to service our indebtedness, fund our operations, make adequatecapital investments and return capital to stockholders, including through discretionary share repurchases; the ultimate benefits of continuous improvement programs and other cost savings plans; the impact of competitive pressures, including pricing and the introduction of new products and services by our competitors, as well as from less traditional competitors; risks related to our international operations, including geopolitical instability and wars; developments from recent and potential changes to trade policies by the U.S. or other countries, including tariffs; the impact of the proliferation of payment options other than cash, which could result in a reduced need for cash in the marketplace and a resulting decline in the usage of ATMs; theimpact of general economic conditions, cyclicality and uncertainty; the impact of increased energy, raw material and labor costs; the impact of a cybersecurity incident or operational failure on our business; risks related to increasingly stringent laws, regulations and contractual obligations relating to privacy, data protection and information security; challenges associated with the use of artificial intelligence in our business and in solutions offered to our customers; reliance on suppliers, subcontractors and availability of raw materials and other components; reliance on third parties, including to provide security systems and systems integration as well as outsourced business processes and other financial services; ability to attract, retain and motivate key employees; the impact of additional tax expense or exposures; the potential for additional pension liability or expense associated with low investment performance by our pension plan assets; success in executing potential acquisitions, investments or partnerships and divestitures; the impact of market and economic conditions, including the bankruptcies, restructuring or consolidations of financial institutions, which could reduce our customer base and/or adversely affect our customers' ability to make capital expenditures, as well as adversely impact the availability and cost of credit; changes in political, economic or other factors such as currency exchange rates, inflation rates (including the impact of possible currency devaluations in countries experiencing high inflation rates), recessionary or expansive trends, disruption in energy supply, taxes and regulations and laws affecting the worldwide business in each of our operations; ability to maintain effective internal controls; the impact of regulatory and financial risks related to climate change; the impact of work stoppages or similar difficulties; the impact of an adverse determination that our services, products or manufacturing processes infringe the intellectual property rights of others, or our failure to enforce its intellectual property rights; exposure to liabilities under the Foreign Corrupt Practices Act (FCPA) or other worldwide anti-bribery laws; the effect of changes in law and regulations or the manner of enforcement in the United States and internationally and our ability to comply with applicable laws and regulations; the amount and timing of any repurchases of our common shares; and other factors included in our filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2025. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to update these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements. Forward-looking Statements
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3 | DIEBOLD NIXDORF 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 cash flow (use) and free cash flow conversion, net debt, EBITDA, and adjusted EBITDA. The Company uses these Non-GAAP financial measures, in addition to GAAP financial measures, to evaluate our operating and financial performance and to compare such performance to that of prior periods and to the performance of our competitors. Also, the Company uses these Non-GAAP financial measures in making operational and financial decisions and in establishing operational goals. The Company also believes providing these Non-GAAP financial measures to investors, as a supplement to GAAP financial measures, helps investors evaluate our operating and financial performance and trends in our business, consistent with how management evaluates such performance and trends. The Company also believes these Non-GAAP financial measures may be useful to investors in comparing its performance to the performance of other companies, although its Non-GAAP financial measures are specific to the Company and the Non- GAAP financial measures of other companies may not be calculated in the same manner. We provide EBITDA and adjusted EBITDA because we believe that investors and securities analysts will find EBITDA and adjusted EBITDA to be useful measures for evaluating our operating performance and comparing our operating performance with that of similar companies that have different capital structures and for evaluating our ability to meet our future debt service, capital expenditure and working capital requirements. We consider free cash flow (use) to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business operations that, after the purchase of property and equipment, capitalized software development and other discrete items as determined by management, can be used for debt servicing, strategic opportunities, including investing in the business, making strategic acquisitions, strengthening the balance sheet, paying dividends and repurchasing our common shares. Free Cash Flow Conversion is a liquidity ratio that measures the Company's ability to convert operating profits into free cash flow and is calculated as Free Cash Flow over Adjusted EBITDA. For more information, please refer to the section, "Notes for Non-GAAP Measures." Use of Non-GAAP Financial Information
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4 | DIEBOLD NIXDORF Fortress balance sheet with net debt leverage ratio2 of 1.4x as of the end of Q2 Banking: Record Teller Cash Recycler shipments, strong Branch Automation Solutions momentum Revenue1 rose 1.4% to $928M, order entry increased 3%, adjusted EBITDA1 grew 8% to $121M and adjusted EPS grew 17% to $1.10 YoY Retail: Double-digit growth fueled by Europe; secured new wins in North America 4 2 1 3 Returned $60M to shareholders in the form of share repurchases during Q2 5 Key Q2 2026 Highlights 1) Non-GAAP metric. See “Supplemental Slides” for additional information. 2) Net leverage calculated using net debt divided by trailing twelve month Adjusted EBITDA, which is a non-GAAP metric. See "Supplemental Slides” for additional information.
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5 | DIEBOLD NIXDORF Banking Market & Strategy Overview Beyond the ATM Financial institutions are looking to optimize their entire branch footprint Going deeper into and across the branch DN offers end-to-end capability across ATMs, Teller Cash Recyclers, branch management software, transaction automation, and managed services Core ATM Branch Automation Solutions (BAS) & Teller Cash Recyclers (TCR) Fit-for-Purpose • Expanded install base with major competitive replacement for 1,100 DN Series ® with Services attached at one of the largest financial institutions in the U.K. • Won deal for 600 DN Series ® Cash Recyclers at one of the top 3 banks in Mexico • Won competitive deal for 600 DN Series ® Cash Recyclers in South Africa • Transaction Middleware TM live with 80+ financial institutions globally, including some of the largest financial institutions in North America, processing millions of transactions daily • Global BAS deployments growing: U.K. with Lloyds and U.S. with VyStar • Teller Cash Recyclers – record shipments in Q2 • Strong pipeline in largely greenfield market with Service contract attach • Large backlog of planned deployments • Attaching long-term service contracts • Exploring additional geographies with strong market fit, growth opportunities
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6 | DIEBOLD NIXDORF Retail Market & Strategy Overview Smart Vision AI opening doors Retailers are increasingly looking to our AI platform to reduce shrink, improve customer experience, and optimize labor efficiency Openness & modularity trends Well-positioned with trends of openness & modularity that took DN to #1 in Europe now happening in North America Europe • Strong sales activity with point-of-sale • Won large 1,500+ self-checkout refresh with a large grocer • Remain #1 in market share across point-of-sale and self-checkout in Europe1 Smart Vision AI • New deployments in hundreds of lanes year-to-date • Major new contracts with leading European grocers for deployments including hardware, ----software and services: • 1,000 new self-checkout lanes with AI produce recognition, age verification and shrink prevention • 400 new self-checkout lanes with AI shrink prevention North America • Opportunity pipeline in North America tripled year-over-year • New logo wins for self-checkout business with two grocers; point-of-sale win with quick serve restaurant • New win with a large fashion retailer in U.S. and Canada for RFID self-checkout deployment including hardware and services (1) Datos Insights 2025, EPOS and Self-Checkout (DN’s core segments)
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7 | DIEBOLD NIXDORF Service – Strategically Driving Recurring Revenue Growth Product opportunity through service Continued improvement in service level agreements provide additional product opportunities Increasing density Additional service opportunities with Teller Cash Recyclers, Fit-for- Purpose, and Retail products Key Initiatives • Deliver industry leading availability and service levels • OFS deployment on-track with benefits expected to accelerate in the second half • Refreshed North America service fleet vehicles improving safety and first-time fix rates • Second consecutive quarter of record North America and worldwide service level agreement (SLA) attainment • Delivered highest ever availability across North America and globally for customers in Q2 Further Opportunity • Incremental service revenue and efficiency opportunity through increasing footprint density • SLAs combined with superior solutions provides additional product revenue opportunities Realizing Benefits
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8 | DIEBOLD NIXDORF North Canton, Ohio Reduced dispatching time by more than half, increasing service levels and eliminating $200K+ of excess labor expense Accelerated receiving and shipping processes by ~2 days, by streamlining complex, fragmented workflows leading to reduced process steps Plan-for-Every-Part data-driven improvement plan reviewed part usage, location stocking, driving reduction in incomplete service calls due to missing parts Recognition for DN Vynamic® Transaction Middleware named: Best Payment Solutions Provider Global 2026 by World Business Outlook Earned Highly Commended recognition for: Best Payments System for Banks and FIs at the PayTech Awards 2026 Supports 20B+ transactions annually, across 80+ financial institutions at 160,000+ terminals worldwide Paderborn, Germany Optimized manufacturing floor footprint creating space for a fourth line to facilitate higher volume production Transformed assembly from batch to flow manufacturing, speeding unit output by ~25% Restructured workflow, moving processes from main assembly to picking enabled higher throughput and efficiency Completed 10 additional safety improvements Lean – DN’s Commitment to Continuous Improvement
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9 | DIEBOLD NIXDORF $543 $544 $574 $533 $549 $373 $401 $531 $355 $378 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Service Product Total Revenue ($M)(1) $945 • Total revenue up 1.4% YoY • Service and Product revenues grew YoY led by double-digit growth in Retail Delivering consistent YoY revenue growth, OpEx cost savings program driving lower expenses $915 $888 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Total Gross Margin (%)(1) • Total gross profit grew ~1% YoY • Product gross margin grew 70 basis points • Service gross margin reflected impact from fleet investments Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Operating Expense ($M)(1,2) / Operating Expense % of Revenue(1,2) $171 • OpEx declined 4% YoY driven by strong execution of cost savings program with over 200 initiatives • Expect to realize ~2% reduction in OpEx YoY for full-year 2026, higher than initial expectation of 1% to 2% $170 (1) Represents a non-GAAP metric. Please refer to “Supplemental Slides” for additional information. (2) Operating expense consists of SG&A, R&D and Other Operating Expense for each period. See “Supplemental Slides” for additional details. $161 18.5% 17.6%18.5% 17.1% 15.5% 25.4%26.5% 26.2% 27.1% $1,104 $165$928 26.4% $163 Five Quarter Financial Trends
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10 | DIEBOLD NIXDORF Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 • Adjusted EBITDA grew 8% YoY in Q2 • Adjusted EBITDA margin expanded 80 basis points YoY Continued YoY adjusted EBITDA growth while adjusted EPS grew double-digits YoY for the 5th consecutive quarter • Adjusted EPS grew 17% YoY • Repurchased $60M of shares in Q2 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Free Cash Flow ($M)(1,3) $25 $13 • Free cash flow impacted by strong point-of-sale demand due to incremental inventory purchases to fulfill future orders and elevated memory prices $196 Adjusted Earnings per Share(1,2) $0.67 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Adjusted EBITDA ($M) / Adjusted EBITDA Margin(1) 11.2% 13.0%12.2% 12.9% 14.9% (1) Represents a non-GAAP metric. Please refer to “Supplemental Slides” for additional information. (2) FY 2025 adjusted EPS includes favorable items including: $0.57 tax valuation allowance release benefit recognized in Q4 2025; and a $0.51 benefit related to a lowering of the statutory tax rate in Germany recognized in Q3 2025. (3) Free cash flow excludes discreet tax payments; for more information please see slide #22 in the “Supplemental Slides”. $0.94 $122 $111 $164 $1.39 $99 $3.02 $21 $1.10 $121 $(11) Five Quarter Financial Trends
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11 | DIEBOLD NIXDORF $407 $402 $417 $388 $398 $272 $288 $381 $233 $237 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Service Product Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 27.5% 26.8% 28.0% 26.6% 28.5% • Strong mix of ATM recyclers in North America and Europe • Branch Automation Solutions launching with more leading financial institutions, new wins in Europe and U.S. • Short term project delays impacted revenue • Product margin performance driven by mix and continued benefits from on-going Lean focus • Gross profit declined 3% YoY • Gross margin improved 100 basis points YoY Disciplined execution in Banking $679 $187$690 $185 YoY as Reported (6.5)% (13.0)% (2.2)% (1) Represents a non-GAAP metric. Please refer to “Supplemental Slides” for additional information. Revenue ($M)(1) Gross Profit ($M) / Gross Margin (%)(1) $621 $224$798 $165 $635 $181 Banking
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12 | DIEBOLD NIXDORF Revenue ($M) $135 $142 $157 $146 $151 $101 $113 $150 $122 $142 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Service Product Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 23.7% 24.7% 24.9% 22.6% 21.9% • Strong performance with new logo wins across geographies • Smart Vision AI platform deployments continue to grow; tracking ahead of plan for 2026 • Gross profit up 15% YoY • Gross margin % affected by mix with strength in point-of-sale Second consecutive quarter of double-digit revenue growth across Retail Product and Service $236 $56 $255 $63 +24.0% +40.7% +11.6% (1) Represents a non-GAAP metric. Please refer to “Supplemental Slides” for additional information. $306 $76$268 $61 YoY as Reported $293 $64 Retail Gross Profit ($M) / Gross Margin (%)(1)
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13 | DIEBOLD NIXDORF 1) GAAP Revenue – includes non-core Turkey entity revenue. 2) Non-GAAP metric. See “Supplemental Slides” for additional information. 3) With respect to the Company’s adjusted EBITDA, free cash flow, and adjusted earnings per share outlook for 2026, it is not providing a reconciliation to the most directly comparable GAAP financial measures because it is unable to predict with reasonable certainty those items that may affect such measures calculated and presented in accordance with GAAP without unreasonable effort. These measures primarily exclude future restructuring and refinancing actions and net non-routine items. These reconciling items are uncertain, depend on various factors and could significantly impact, either individually or in the aggregate, operating profit and net income calculated and presented in accordance with GAAP. 4) Free cash flow excludes discreet tax payments; for more information please see slide #22 in the “Supplemental Slides”. Maintaining 2026 financial outlook on solid backlog and growth in key initiatives in Retail and Banking Metrics FY26 Outlook Key Details Total Revenue(1) $3.86B - $3.94B • Supported by $814M product backlog as of end of Q2 2026 and recurring Service revenues • Total revenue weighted towards back-half of year with a ~47% 1H / ~53% 2H split Adjusted EBITDA (2,3) $510M - $535M • Growing adjusted EBITDA faster than revenue and maintaining cost discipline • Adjusted EBITDA weighted towards back-half of year with a ~42% 1H / ~58% 2H split Free Cash Flow (2,3,4) $255M - $270M • Targeting 50%+ free cash flow conversion • Targeting strong working capital improvements in Q4 2026 driven by inventory and customer collections Adjusted EPS (2,3) $5.25 - $5.75 • Adjusted EPS growth of 22% at the midpoint, excluding certain non-cash, non-operational tax benefits in FY 2025* * FY 2025 adjusted EPS includes favorable items including: $0.57 tax valuation allowance release benefit recognized in Q4 2025; and a $0.51 benefit related to a lowering of the statutory tax rate in Germany recognized in Q3 2025. 2026 Guidance
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14 | DIEBOLD NIXDORF Targeting $800M of FCF generation cumulatively from 2025 through 2027, strong liquidity position of ~$590M 1 Non-GAAP metric. See “Supplemental Slides” for additional information. 2 Inclusive of cash, cash equivalents, and restricted cash . 3 Net leverage calculated using net debt divided by trailing twelve month Adjusted EBITDA, which is a non- GAAP metric. See “Supplemental Slides”. Figures are as of 6.30.2026; Share repurchase program progress is shown from initiation of program through 6.30.2026. Cash Balance $310M No Borrowings Outstanding Revolving Credit Facility Net Leverage(3) $282M Cash & Cash Equivalents2 ~1.4x $950M Senior Notes Make- Whole Redemption Ceases in Q4 2026 Share Repurchase Authorization BB- B+ / B1 Credit Ratings Free Cash Flow Conversion Target(1) 50%+ Targeting YoY FCF Conversion Expansion in 2026 $143M / $57M Repurchased / Remaining Fitch S&P / Moody’s Benefiting from Fortress Balance Sheet
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15 | DIEBOLD NIXDORF Focused on delivering the outlook and creating sustainable shareholder value $814M backlog supports second-half revenue conversion Strong commercial momentum with highest first-half orders in four years Execution of priorities: drive revenue conversion, inventory reduction and service productivity 4 2 1 3 Positioned for Value Creation
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Questions and Answer Session Octavio Marquez President & Chief Executive Officer Tom Timko Executive Vice President & Chief Financial Officer
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17 | DIEBOLD NIXDORF 17 | DIEBOLD NIXDORF Supplemental Slides
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18 | DIEBOLD NIXDORF Reconciliation of GAAP results to Non-GAAP results - Q2-26 ($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-GAAP results, EBITDA and Adjusted EBITDA, adjusted earnings per share, free cash flow (use) and net debt. Restructuring and other savings initiative expenses incurred during 2025 and 2026 relate to the cost savings initiative focused on operational simplification and automation of processes and include severance and payroll of employees transitioning out of the organization and the costs of third parties assisting with the execution of the program.
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19 | DIEBOLD NIXDORF Reconciliation of GAAP results to Non-GAAP results - Q1-26 ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP results, EBITDA and Adjusted EBITDA, adjusted earnings per share, free cash flow (use) and net debt. Restructuring and other savings initiative expenses incurred during 2025 and 2026 relate to the cost savings initiative focused on operational simplification and automation of processes and include severance and payroll of employees transitioning out of the organization and the costs of third parties assisting with the execution of the program.
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20 | DIEBOLD NIXDORF Reconciliation of GAAP results to Non-GAAP results - Q4-25,Q3-25,Q2-25 ($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 Non-GAAP results, EBITDA and Adjusted EBITDA, adjusted earnings per share, free cash flow (use) and net debt. Restructuring and other savings initiative expenses incurred during 2025 and 2026 relate to the cost savings initiative focused on operational simplification and automation of processes and include severance and payroll of employees transitioning out of the organization and the costs of third parties assisting with the execution of the program.
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21 | DIEBOLD NIXDORF Reconciliation of earnings per share - Quarter Trend ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP results, EBITDA and Adjusted EBITDA, adjusted earnings per share, free cash flow (use) and net debt. Restructuring and other savings initiative expenses incurred during 2025 and 2026 relate to the cost savings initiative focused on operational simplification and automation of processes and include severance and payroll of employees transitioning out of the organization and the costs of third parties assisting with the execution of the program. ($ in millions, except per share data) $ 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$ 2.62 5.5$ 0.15 16.2$ 0.46 21.7$ 0.61 Net income attributable to noncontrolling interests 0.8 0.02 0.5 0.01 0.6 0.02 0.9 0.02 2.9 0.08 0.5 0.01 0.7 0.02 1.2 0.03 Net income (loss) attributable to Diebold Nixdorf, Incorporated (8.3)$ (0.22) 12.2$ 0.33 41.1$ 1.11 49.6$ 1.37 94.6$ 2.54 5.0$ 0.14 15.5$ 0.44 20.5$ 0.58 Restructuring and other savings initiative expenses 20.0 0.53 16.3 0.43 12.6 0.34 45.4 1.25 94.3 2.53 24.0 0.67 19.6 0.56 43.7 1.23 Non-core Turkey operation - - - - - - - - - - 6.7 0.19 2.3 0.07 9.1 0.26 Other (1.7) (0.05) 0.6 0.02 0.3 0.01 0.8 0.02 0.1 0.00 (2.5) (0.07) 1.8 0.05 (0.9) (0.03) Tax impact of Non-GAAP adjustments (7.5) (0.20) (6.6) (0.18) (3.1) (0.08) 4.0 0.11 (13.2) (0.35) (12.1) (0.34) (2.7) (0.08) (14.8) (0.42) Total adjusted net income (Non-GAAP measure) $ 3.3 0.09 23.0 0.61 51.5 1.39 100.7 2.77 178.7 4.80 21.6 0.61 37.2 1.05 58.8 1.65 Net income attributable to noncontrolling interests 0.8 0.02 0.5 0.01 0.6 0.02 0.9 0.02 2.9 0.08 0.5 0.01 0.7 0.02 1.2 0.03 Total adjusted net income attributable to Diebold Nixdorf, Incorporated (Non-GAAP measure) $ 2.5 0.07 $ 22.5 0.60 $ 50.9 1.38 $ 99.8 2.75 $ 175.8 4.73 $ 21.1 0.60 $ 36.5 1.03 $ 57.6 1.62 Foreign exchange loss (gain), net $ 18.5 0.49 22.2 0.59 0.8 0.02 2.6 0.07 44.1 1.19 2.4 0.07 2.4 0.07 4.8 0.13 Tax impact of foreign exchange gain (loss) (7.2) (0.19) (9.5) (0.25) (0.4) (0.01) 7.3 0.20 (11.9) (0.32) - - (0.2) (0.01) (0.2) (0.01) Total adjusted net income attributable to Diebold Nixdorf, Incorporated excluding foreign exchange loss (gain), net (Non-GAAP measure) $ 13.8 0.37 $ 35.2 0.94 $ 51.3 1.39 $ 109.7 3.02 $ 208.0 5.59 $ 23.5 0.67 $ 38.7 1.10 $ 62.2 1.75 Q2 2026 YTD 2026Q1 2026Q1 2025 Q4 2025 YTD 2025Q2 2025 Q3 2025
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22 | DIEBOLD NIXDORF Reconciliation of free cash flow - Quarter Trend ($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-GAAP results, EBITDA and Adjusted EBITDA, adjusted earnings per share, free cash flow (use) and net debt. Restructuring and other savings initiative expenses incurred during 2025 and 2026 relate to the cost savings initiative focused on operational simplification and automation of processes and include severance and payroll of employees transitioning out of the organization and the costs of third parties assisting with the execution of the program. 1 - During Q2 2026, the Company timely filed its German corporate income tax return for the 2024 tax year. Due to increased prof itability in our German legal entities, the Company’s remaining net operating loss carryforward was utilized on the 2024 return, and the Company paid its resulting 2024 discrete German tax liability during Q2 2026. As a result, the Company is now expected to be a cash taxpayer in Germany going forward, and it will be required to remit additional discrete German estimated tax payments durin g Q3 2026 and Q4 2026 for the 2024 and 2025 tax years. Consequently, the Company will be paying German cash tax attributable to three separate tax years (2024, 2025, and 2026) duri ng 2026. Cash taxes paid during 2026 attributable to 2024 and 2025, estimated to total approximately $50 million, are and will be excluded from Free Cash Flow to better reflect underlying operating cash generation. 1 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Net cash provided (used) by operating activities $15.7 $30.0 $37.4 $217.6 $300.7 $31.7 $(13.6) Capital expenditures (7.9) (8.0) (6.7) (14.8) (37.4) (5.6) (7.8) Capitalized software development (1.7) (9.4) (6.2) (7.0) (24.3) (5.4) (7.5) Free cash flow (use) (non-GAAP measure) 6.1 12.6 24.5 195.8 239.0 20.7 (28.9) Discrete tax payments - - - - - - 17.9 Free cash flow (use), excluding discrete tax payments (non-GAAP measure) $6.1 $12.6 $24.5 $195.8 $239.0 $20.7 $(11.0)
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23 | DIEBOLD NIXDORF Reconciliation of operating expense as a % of revenue- Quarter Trend (%) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP results, EBITDA and Adjusted EBITDA, adjusted earnings per share, free cash flow (use) and net debt. Restructuring and other savings initiative expenses incurred during 2025 and 2026 relate to the cost savings initiative focused on operational simplification and automation of processes and include severance and payroll of employees transitioning out of the organization and the costs of third parties assisting with the execution of the program. Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Operating expenses (GAAP) 172.8$ 177.8$ 171.3$ 197.4$ 180.4$ 182.2$ Restructuring and other savings initiatives (9.2)$ (7.6)$ (9.8)$ (25.5)$ (11.9)$ (14.5)$ Non-core Turkey operation -$ -$ -$ -$ (6.4)$ (1.7)$ Other 1.7$ (0.6)$ $ (0.3) (0.8)$ 2.5$ (3.0)$ Operating expense (Non-GAAP measure) 165.3$ 169.6$ 161.2$ 171.1$ 164.6$ 163.0$ % of revenue 19.7% 18.5% 17.1% 15.5% 18.5% 17.6%
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24 | DIEBOLD NIXDORF Reconciliation of GAAP net income to EBITDA and Adjusted EBITDA – TTM Trend ($M) The company defines EBITDA as net income (loss) excluding income tax benefit (expense), net interest expense, and depreciation and amortization expense. Adjusted EBITDA is EBITDA excluding the effects of the following items: share- based compensation, foreign exchange gain/loss net, miscellaneous gain, net (2024 periods only), equity in earnings (loss) of unconsolidated subsidiaries, restructuring and other savings initiative expenses, refinancing related costs, wind down of a non-core Turkey operation, and non-routine (income) expenses, net as outlined in Note 1 of the Non-GAAP measures. Deferred financing fee amortization is included in interest expense; as a result, the company has excluded such fees from the depreciation and amortization caption. Depreciation and amortization includes $4.3, $4.4, $4.8, $4.8, and $5.1 million for the 12-months ended June 30, 2025, September 30, 2025, December 31, 2025, March 31, 2026, and June 30, 2026, respectively, of amortization of cloud-based software implementation represents amortization of capitalized implementation costs related to cloud-based software arrangements that are included in selling and administrative expenses. These are Non-GAAP financial measures used by management to enhance the understanding of our operating results. EBITDA and Adjusted EBITDA are key measures we use to evaluate our operational performance. We provide EBITDA and Adjusted EBITDA because we believe that investors and securities analysts will find EBITDA and Adjusted EBITDA to be useful measures for evaluating our operating performance and comparing our operating performance with that of similar companies that have different capital structures and for evaluating our ability to meet our future debt service, capital expenditures, and working capital requirements. However, EBITDA and Adjusted EBITDA should not be considered as alternatives to net income as a measure of operating results or as alternatives to cash flows from operating activities as a measure of liquidity in accordance with GAAP. Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Net loss (8.0)$ (10.1)$ 53.3$ 97.5$ 110.4$ 113.9$ Income tax expense (benefit) 65.2 38.0 17.7 24.1 32.0 46.4 Interest income (9.6) (9.1) (8.3) (8.9) (10.3) (9.9) Interest expense 133.2 116.4 99.8 85.7 87.5 89.8 Loss on Refinancing 7.1 7.1 7.1 - - - Depreciation and amortization 137.0 138.1 139.6 132.3 130.0 129.7 EBITDA 324.9 280.4 309.2 330.7 349.6 369.9 Share-based compensation 10.8 11.5 11.6 12.1 12.3 13.2 Restructuring and other savings initiative expenses 89.3 95.1 75.9 94.3 98.3 101.6 Non-core Turkey operation - - - - 6.7 9.0 Foreign exchange loss (gain), net 5.1 34.9 32.8 44.1 28.0 8.2 Equity in loss (earnings) of unconsolidated subsidiaries (3.1) (1.9) (2.3) 3.5 2.4 3.6 Non-routine (income) expense, net 0.7 2.5 0.1 0.1 (0.8) 0.4 Miscellaneous loss (gain), net (0.5) 2.1 3.8 - - - Refinancing related costs 8.9 3.9 1.8 - - - Adjusted EBITDA 436.1$ 428.5$ 432.9$ 484.8$ 496.5$ 505.9$ Trailing Twelve Month (TTM) Quarter End
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25 | DIEBOLD NIXDORF Financial Results of Segments – Quarter Trend ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP results, EBITDA and Adjusted EBITDA, adjusted earnings per share, free cash flow (use) and net debt. Restructuring and other savings initiative expenses incurred during 2025 and 2026 relate to the cost savings initiative focused on operational simplification and automation of processes and include severance and payroll of employees transitioning out of the organization and the costs of third parties assisting with the execution of the program. Gross Margin by Segment - Unaudited ($ in millions) Banking Retail Banking Retail Banking Retail Banking Retail Banking Retail Banking Retail Banking Retail Services 382.2$ 126.3$ 407.4$ 135.2$ 402.0$ 142.2$ 417.0$ 156.6$ 1,608.6$ 560.3$ 387.6$ 145.7$ 398.3$ 150.9$ Products 247.3 85.3 271.8 100.8 288.2 112.8 381.0 149.6 1,188.4 448.4 233.0 121.9 236.6 141.8 Total net sales 629.5$ 211.6$ 679.2$ 236.0$ 690.2$ 255.0$ 798.0$ 306.2$ 2,797.0$ 1,008.7$ 620.6$ 267.6$ 634.9$ 292.7$ Services 93.3$ 34.4$ 103.4$ 35.0$ 98.1$ 40.0$ 103.7$ 46.4$ 398.5$ 155.7$ 91.9$ 40.3$ 94.1$ 42.5$ Products 68.2 17.3 83.3 21.0 86.7 23.1 119.9 29.7 358.2 91.0 73.1 20.2 87.0 21.7 Total gross profit 161.5$ 51.7$ 186.7$ 56.0$ 184.8$ 63.1$ 223.6$ 76.1$ 756.7$ 246.7$ 165.0$ 60.5$ 181.1$ 64.2$ Services 24.4% 27.2% 25.4% 25.9% 24.4% 28.1% 24.9% 29.6% 24.8% 27.8% 23.7% 27.7% 23.6% 28.2% Products 27.6% 20.3% 30.6% 20.8% 30.1% 20.5% 31.5% 19.9% 30.1% 20.3% 31.4% 16.6% 36.8% 15.3% Total gross margin 25.7% 24.4% 27.5% 23.7% 26.8% 24.7% 28.0% 24.9% 27.1% 24.5% 26.6% 22.6% 28.5% 21.9% Three months ended September 30, 2025 Non-GAAP June 30, 2025 Non-GAAP Twelve months ended December 31, 2025 Non-GAAP Three months ended March 31, 2026 Non-GAAP Three months ended June 30, 2026 Non-GAAPNon-GAAP Three months ended December 31, 2025 Non-GAAP Three months ended Three months ended March 31, 2025
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26 | DIEBOLD NIXDORF Reconciliation of GAAP net income to Adjusted EBITDA – Quarter Trend ($M) The company defines EBITDA as net income (loss) excluding income tax benefit (expense), net interest expense, and depreciation and amortization expense. Adjusted EBITDA is EBITDA excluding the effects of the following items: share- based compensation, foreign exchange gain/loss net, equity in earnings (loss) of unconsolidated subsidiaries, restructuring and other savings initiative expenses, wind down of a non-core Turkey operation, and non-routine (income) expenses, net as outlined in Note 1 of the Non- GAAP measures. Deferred financing fee amortization is included in interest expense; as a result, the company has excluded such fees from the depreciation and amortization caption. Depreciation and amortization includes $1.0, $0.9, $1.4, $1.4, $1.1 and $1.2 for the three months ended March 31, 2025, June 30, 2025, September 30, 2025, December 31, 2025, March 31, 2026, and June 30, 2026; and $4.7 for the twelve months ended December 31, 2025 respectively, in millions of amortization of cloud-based software implementation represents amortization of capitalized implementation costs related to cloud-based software arrangements that are included in selling and administrative expenses. These are Non-GAAP financial measures used by management to enhance the understanding of our operating results. EBITDA and Adjusted EBITDA are key measures we use to evaluate our operational performance. We provide EBITDA and Adjusted EBITDA because we believe that investors and securities analysts will find EBITDA and Adjusted EBITDA to be useful measures for evaluating our operating performance and comparing our operating performance with that of similar companies that have different capital structures and for evaluating our ability to meet our future debt service, capital expenditures, and working capital requirements. However, EBITDA and Adjusted EBITDA should not be considered as alternatives to net income as a measure of operating results or as alternatives to cash flows from operating activities as a measure of liquidity in accordance with GAAP. Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Net income (loss) (7.5)$ 12.7$ 41.7$ 50.5$ 97.5$ 5.5$ 16.2$ Income tax expense (benefit) (2.2) 4.8 9.6 11.9 24.1 5.7 19.2 Interest income (1.5) (2.5) (2.1) (2.8) (8.9) (2.9) (2.1) Interest expense 21.5 21.8 21.8 20.6 85.7 23.3 24.1 Depreciation and amortization 34.9 32.3 33.1 32.1 132.3 32.5 32.0 EBITDA 45.2 69.1 104.1 112.3 330.7 64.1 89.4 Share-based compensation 3.0 3.3 3.0 2.8 12.1 3.2 4.2 Restructuring and other savings initiative expenses 20.0 16.3 12.6 45.4 94.3 24.0 19.6 Non-core Turkey operation - - - - - 6.7 2.3 Foreign exchange loss (gain), net 18.5 22.2 0.8 2.6 44.1 2.4 2.4 Equity in loss (earnings) of unconsolidated subsidiaries 2.3 (0.3) 1.1 0.4 3.5 1.2 0.9 Non-routine (income) expense, net (1.7) 0.6 0.3 0.8 0.1 (2.5) 1.8 Adjusted EBITDA 87.3$ 111.2$ 121.9$ 164.3$ 484.8$ 99.1$ 120.6$ Adjusted EBITDA as a % of revenue 10.4% 12.2% 12.9% 14.9% 12.7% 11.2% 13.0%
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27 | DIEBOLD NIXDORF Net Debt Summary ($M) and Net Leverage – Quarter Trend We believe that cash, cash equivalents, restricted cash, and short-term investments on the balance sheet that net cash against outstanding debt, presented as net debt above, is a meaningful measure. * * * Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP results, EBITDA and Adjusted EBITDA, adjusted earnings per share, free cash flow (use) and net debt. Restructuring and other savings initiative expenses incurred during 2025 and 2026 relate to the cost savings initiative focused on operational simplification and automation of processes and include severance and payroll of employees transitioning out of the organization and the costs of third parties assisting with the execution of the program. Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Cash, cash equivalents, restricted cash and short-term investments 328.3$ 310.4$ 280.0$ 416.4$ 373.6$ 282.4$ Debt instruments (966.0) (966.5) (967.8) (970.7) (969.9)$ (971.7) Net debt (637.7) (656.1) (687.8) (554.3) (596.3)$ (689.3) Adjusted EBITDA (trailing twelve months)* 436.1 428.5 432.9 484.8 496.5$ 505.9 Net Leverage (Net Debt / Adjusted EBITDA TTM)* 1.5 1.5 1.6 1.1 1.2 1.4 Quarter Ended