Financial Data and Key Metrics Changes - In Q4 2023, total company revenue increased by 3% year-over-year to $1.1 billion, with an estimated normalized growth of approximately 7% [22] - Recurring revenue grew by 10% to $777 million, increasing the mix of recurring revenue to 71%, up from 67% in the prior year [22] - Adjusted EBITDA for Q4 was $146 million, with an adjusted EBITDA margin of 22%, compared to $159 million and 23% in the prior year [25] - The effective tax rate for Q4 was approximately 28%, and diluted adjusted earnings per share were $0.69 [24] Business Line Data and Key Metrics Changes - The Network segment saw revenue increase by 8% year-over-year in Q4, driven by high single-digit growth in withdrawal volumes [27] - Self-Service Banking was impacted by delayed country transfers, affecting revenue comparisons [55] - ATM-as-a-Service revenue accounted for approximately 6.5% of Self-Service Banking segment revenues in Q4, increasing by 56% over the prior year [57] Market Data and Key Metrics Changes - Cash withdrawal transactions across the network grew by 8% year-over-year, with surcharge-free withdrawals growing by 12% [15] - North America saw a 5% increase in withdrawal volumes, while international volumes grew by 10% [27] Company Strategy and Development Direction - The company aims to differentiate and grow, optimize resource deployment, and successfully complete the separation from legacy NCR [16] - The focus is on capturing more transactions on the existing fleet of ATMs and generating incremental service revenues from financial institutions' fleets [46] - The company plans to evolve its hardware and innovate product offerings to secure and extend its leadership position in the market [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong performance and momentum heading into 2024, with guidance ranges consistent with preliminary targets [11] - The company anticipates a positive impact from the ongoing separation process and expects to resolve delays in transferring operations by early Q2 2024 [21][48] - Management noted that the ATM-as-a-Service initiative is expected to continue to grow, with robust volumes observed in Q4 [73] Other Important Information - The company finished Q4 with over $700 million in cash and credit, and $3 billion in debt, resulting in a leverage ratio of approximately 3.6x based on trailing 12-month adjusted EBITDA [30] - The company expects total revenues for 2024 to be in the range of $4.2 billion to $4.4 billion, with adjusted EBITDA of $770 million to $800 million [61] Q&A Session Summary Question: Impact on Q4 due to as-a-service changeover - Management indicated that the impact on Q4 was around $10 million, with most units being asset-light [36] Question: Macro view for 2024 and ATM-as-a-Service ramp-up - Management reported robust volumes in Q4 and does not see pressure from regional banks, viewing it as an opportunity [72][73] Question: Regional view of the ATM market and industry units - Management noted reliance on industry analysts for a comprehensive view of ATM units sold internationally and indicated consistent volume across regions [89]

Table of Contents or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Washington, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended September 30, 2023 Commission File Number: 001-41728 NCR ATLEOS CORPORATION ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-41728 NCR Atleos, LLC (1) (Exact n ...