FULL YEAR AND Q4 2021
MICHAEL HAYFORD, CEO
OWEN SULLIVAN, PRESIDENT AND COO
TIM OLIVER, Chief Financial Officer
NOTES TO INVESTORS
LOOKING TO THE FUTURESTATEMENTS. Comments made during this conference call and in these materials contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the “Act”). Forward-looking statements use words such as “expect”, “anticipate”, “outlook”, “intend”, “plan”, “confident”, “believe”, “will”, “should”, “would”, “potential”. ,” “positioning”, “proposed”, “goal”, “could”, “may” and words of similar meaning and other words or phrases that refer to future events, conditions or circumstances. We have the intention that such forward-looking statements are covered by the safe harbor provisions for forward-looking statements contained in the Act Statements that describe or relate to NCR’s plans, objectives, intentions, strategies or financial prospects, and statements that do not do not relate to historical or current facts, are examples of forward-looking statements Examples of forward-looking statements in these materials include, but are not limited to, statements regarding our financial condition and NCR’s financial guidance for 2022 and the first quarter; a comprehensive strategic review to assess strategic alternatives (which could include the divestiture of a business or asset material Company events, spin-off, merger or sale of the Company or other transactions) available to NCR; NCR the execution of our strategy to transition to a software platform and payment company and a higher level of recurring revenue streams; expectations regarding the impact of improving customer satisfaction; expectations regarding demand, growth momentum and acceleration, competitive differentiation, our long-term growth profile and value creation for our stakeholders; impact of continued enforcement on return; impact of the continuation of the transformation on the revaluation; statements regarding our plans to manage our business by the COVID-19[female[femininepandemic, including protecting our employees, assisting our customers and managing impacts on our supply chain; the impact of COVID-19[female[femininepandemic on our the overall financial condition and results of operations, including, but not limited to, supply chain challenges and escalating costs, including materials, labor and freight; and capitalization of opportunities including Cardtronics and LibertyX. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are beyond NCR’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual results to differ materially from those contemplated by such forward-looking statements, including the factors listed in Section 1A “Factors of Risk” in NCR’s Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (SEC) on February 26, 2021 and factors detailed from time to time in NCR’s other SEC reports, including quarterly reports on Form 10-Q and current reports on Form 8-K. These materials are dated February 8, 2022, and NCR undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. required.
NOTES TO INVESTORS
NON-GAAP COMPLIANTMEASURES. Although NCR reports its results in accordance with United States Generally Accepted Accounting Principles, or GAAP, comments made during this conference call and in these documents will include or refer to certain “non-GAAP” measures, including: selected metrics, such as as period-over-period revenue growth; gross margin rate (non-GAAP); diluted earnings per share (non-GAAP); free movement of capital; gross margin (non-GAAP); net debt; Adjusted EBITDA; the net debt to adjusted EBITDA ratio; operating income (non-GAAP); interest and other charges (non-GAAP); income tax expense (non-GAAP); effective tax rate (non-GAAP); and net income (non-GAAP). These measures are included to provide useful supplemental information regarding NCR’s financial results and are not a substitute for their comparable GAAP measures. Explanations of these non-GAAP measures and reconciliations of these non-GAAP measures to their directly comparable GAAP measures are included in the accompanying “Supplementary Materials” and are available on the Investor Relations page of the site. NCR’s website at www.ncr.com. Descriptions of many of these non-GAAP measures are also included in NCR’s SEC reports.
CARDTRONICS ACQUISITION. On June 21, 2021, we completed the acquisition of Cardtronics plc (“Cardtronics”), which is included in the results of the banking sector.
USE OF CERTAIN TERMS. As used in these materials:
The term “recurring revenue” includes all revenue streams from contracts for which there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, cloud revenue, payment processing revenue, interchange and network revenue, and certain professional services agreements, as well as term software license agreements. which include customer termination rights.
These presentation materials and the associated remarks made during this conference call
are integrally linked and are intended to be presented and understood together.
Solid results for 2021
Significant increase in customer satisfaction
Revenue growth and margin expansion across all industries
Turnover up 15% over one year; Recurring revenue up 25% year-on-year
Adjusted EBITDA growth of 39%; Margin increased by 300 basis points to 17.4%; Diluted non-GAAP EPS up 51%
Free cash flow of $460 million
2022 outlook predicts another year with strong revenue growth and significantly higher profitability
Banking – Digital Banking Dynamics and ATMaas Early Pull
Retail – Continued Growth of the NCR Commerce Software Platform
Hospitality – Momentum at AlohaMT The essential continues
Payments – Gaining Ground on Merchant Acquiring and AllpointMT networks
Launch of a comprehensive strategic review process
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NCR Company published this content on February 08, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on February 08, 2022 21:25:46 UTC.
Public now 2022
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