| --- | --- | --- | --- | |-------|---------------------------------------------------|-------|-----------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fourth Quarter & Full-Year 2023 Financial Results | | Peter Altabef Chair and CEO | | | | | Deb McCann CFO | | | | | | | | | | FEB 21, 2024 | | --- ...

Revenue Performance - Revenue for Q4 2023 was $557.6 million, a 0.1% YoY increase, but a 2.1% decline in constant currency[3][4] - Revenue for Q4 2023 was $557.6 million, a slight increase from $557.0 million in Q4 2022[24] - Full-year 2023 revenue reached $2,015.4 million, up from $1,979.9 million in 2022[24] - Full-year 2023 revenue was $2,015.4 million, compared to $1,979.9 million in 2022[41] - Full-year revenue growth of 1.8% YoY, or 1.6% in constant currency; Ex-L&S revenue growth of 4.9% YoY[46] - 4Q revenue up 0.1% YoY, a decline of 2.1% in constant currency; 4Q Ex-L&S revenue growth of 6.8% YoY, or 4.3% in constant currency[46] Ex-L&S Revenue - Ex-L&S revenue increased 6.8% YoY to $413.3 million, driven by New Business with existing clients[3][4] - Excluding License and Support (Ex-L&S) revenue for Q4 2023 was $413.3 million, up from $386.9 million in Q4 2022[44] - Ex-L&S Non-GAAP gross profit for Q4 2023 was $68.4 million, compared to $45.7 million in Q4 2022[44] - Ex-L&S Total Contract Value (TCV) increased 27% YoY for the full-year and 137% YoY in the fourth quarter, including New Business TCV growth of 18% YoY for the full-year and 84% YoY in the fourth quarter[46] L&S Revenue - L&S revenue declined 15.2% YoY to $144.3 million, primarily due to the timing of software license renewals[3][4] Digital Workplace Solutions (DWS) - Digital Workplace Solutions (DWS) revenue grew 8.9% YoY to $139.2 million, with a gross profit margin of 15.3%[6][7] Cloud, Applications & Infrastructure Solutions (CA&I) - Cloud, Applications & Infrastructure Solutions (CA&I) revenue was flat at $138.9 million, with a gross profit margin of 16.3%[6][8] Enterprise Computing Solutions (ECS) - Enterprise Computing Solutions (ECS) revenue declined 10.0% YoY to $203.0 million, with a gross profit margin of 67.4%[6][9] Operating Income and Net Loss - Operating income for Q4 2023 was $44.0 million, down from $50.0 million in Q4 2022[24] - Full-year 2023 operating income was $76.9 million, compared to $52.2 million in 2022[24] - Consolidated net loss for Q4 2023 was $164.2 million, compared to a net income of $8.8 million in Q4 2022[24] - Full-year 2023 consolidated net loss was $427.1 million, compared to a net loss of $104.9 million in 2022[24] - Net loss attributable to Unisys Corporation for Q4 2023 was $165.3 million, compared to a net income of $8.5 million in Q4 2022[37] - Full-year 2023 net loss attributable to Unisys Corporation was $430.7 million, compared to a net loss of $106.0 million in 2022[37] Gross Profit and Margins - Gross profit percentage for Q4 2023 was 32.5%, down from 34.1% in Q4 2022[30] - Full-year 2023 gross profit percentage was 27.4%, up from 26.7% in 2022[30] - Full-year operating profit margin of 3.8%; non-GAAP operating profit margin of 7.0%[46] Cash Flow and Free Cash Flow - Full-year 2023 free cash flow improved by $68.7 million YoY to ($4.5) million, driven by working capital improvements[10] - Net cash provided by operating activities for 2023 was $74.2 million, compared to $12.7 million in 2022[34] - Full-year 2023 free cash flow improved by nearly $70 million year-over-year, reaching $120.5 million[45] - Full-year operating cash flow of $74.2 million compared to $12.7 million for 2022, and free cash flow of ($4.5) million compared to ($73.2) million for 2022[46] - Free cash flow represents cash flow from operations less capital expenditures[47] - Adjusted free cash flow excludes postretirement funding, legal matters, environmental costs, and cost-reduction activities[47] Backlog and Contract Value - Backlog increased to $3.01 billion in Q4 2023, up from $2.92 billion in Q4 2022, driven by Ex-L&S contract renewals and New Business signings[15] - New Business Total Contract Value (TCV) increased by 18% year-over-year in 2023[45] Pension and Non-Cash Losses - Non-cash pension settlement losses of $348.2 million were recorded in 2023 due to the purchase of annuity contracts[12] - Pension liabilities of approximately $500 million were transferred to a third-party insurer through annuity purchases in 2023[45] Guidance and Future Expectations - 2024 revenue growth guidance is (1.5)% to 1.5% in constant currency, with Ex-L&S revenue growth expected to be 1.5% to 5.0%[16] - Full-year 2024 guidance of (1.5)% to 1.5% YoY constant currency revenue growth and 5.5% to 7.5% non-GAAP operating profit margin[46] - Constant currency revenue guidance implies (1.0)% to 2.0% revenue growth as reported, with Ex-L&S full-year revenue growth of 1.5% to 5.0% and L&S revenue of approximately $375 million[46] Non-GAAP Metrics - Non-GAAP net income attributable to Unisys Corporation for Q4 2023 was $35.4 million, down from $82.8 million in Q4 2022[37] - Adjusted EBITDA for Q4 2023 was $100.4 million, down from $148.7 million in Q4 2022[41] - Non-GAAP net income and diluted EPS exclude postretirement expense, legal matters, environmental costs, and cost-reduction activities[47] Cash and Cash Equivalents - Cash and cash equivalents at the end of 2023 were $387.7 million, slightly down from $391.8 million at the end of 2022[32]

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 September 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 1-8729 UNISYS CORPORATION (Exact name of registrant as specified in its charter) Delaware 38-0387840 (State or other jurisdict ...

Financial Data and Key Metrics - Third quarter revenue increased 0.7% year-over-year as reported but declined 1.4% in constant currency [7] - Excluding License & Support (Ex-L&S), revenue grew 6.2% year-over-year or 4.1% in constant currency [7] - License & Support revenue was $67 million in Q3, significantly higher than the $50 million expectation [8] - Year-to-date revenue was $1.46 billion, up 2.5% year-on-year or 3.1% in constant currency [21] - Third quarter GAAP net loss was $50 million, compared to a loss of $40 million a year ago [23] - Non-GAAP net loss was $22 million or a loss of $0.33 per share [23] - Cash balances were $385 million as of September 30th, compared to $392 million at the end of 2022 [24] Business Line Performance - Digital Workplace Solutions (DWS) segment revenue was $141 million, up 6.2% year-over-year [55] - Cloud Applications & Infrastructure (CA&I) segment revenue was $134 million, up 8.7% year-over-year [55] - Enterprise Computing Solutions (ECS) segment revenue declined 14.2% year-over-year [55] - Next-Gen specialized services and Next-Gen compute solutions within ECS grew 5.2% year-over-year [39] - License & Support revenue within ECS declined 25.3% year-over-year due to timing of renewals [39] Market Performance - New scope and new logo Total Contract Value (TCV) increased 22% sequentially [2] - Next-generation pipeline grew 50% year-over-year [3] - Qualified Ex-L&S pipeline is up 18% versus a year ago, with 47% of pipeline TCV in next-generation offerings [18] - Modern workplace pipeline has more than tripled over the last 12 months [57] Strategic Direction and Industry Competition - The company is building an ecosystem of specialized public sector software partners [5] - Unisys is focusing on AI, including generative AI, and services related to enterprise AI adoption [5] - The company launched Unisys Logistics Optimization, a solution combining AI, quantum computing, and industry expertise [6][30] - Unisys is infusing generative AI into its industry solutions and internal functions like HR [31] Management Commentary on Operating Environment and Future Outlook - The company raised full-year 2023 revenue guidance to 0% to 1.5% growth in constant currency [72] - Full-year profitability guidance was raised to a non-GAAP operating margin of 5% to 6% and adjusted EBITDA margin of 12.5% to 13.5% [44] - The company expects full-year 2023 free cash flow to be in the range of negative $25 million to negative $30 million [33] - Management highlighted strong client consumption trends and increased usage of ClearPath Forward systems [36][46] Other Important Information - The company is investing in talent development, with a trailing 12-month voluntary attrition rate of 13.3%, down from 18.9% a year ago [13] - Unisys won four prestigious HR awards during the quarter, recognizing excellence in diversity, hiring, and leadership [38] - The company is targeting SG&A reductions to bring SG&A down to 16% to 17% of revenue by 2026 [59] Q&A Session Summary Question: Connection between TCV and revenue outlook - The company raised revenue guidance based on year-to-date performance, not just TCV growth [27][62] - October TCV signings already exceeded the entire Q3 TCV, indicating a strong Q4 [29] Question: Employee experience market and AI opportunities - The company is seeing strong demand in the employee experience market, with discussions focusing on productivity and value [63][67] - AI-related opportunities are driving cross-sell opportunities across business units [67] Question: October bookings activity and macro trends - The strong October bookings were driven by the timing of sales cycles and not necessarily macro trends [76][77] Question: L&S revenue outperformance and future outlook - Q3 L&S revenue outperformance was $17 million, with additional upside from an extended contract signed in October [87] - The company expects L&S revenue to average $360 million annually over the next three to five years [35][105] Question: Consumption volumes and margins in L&S - Consumption margins are similar to overall L&S business margins [83] - Longer-term contracts are not significantly discounted and often come with pricing increases upon renewal [70] Question: New logo acquisition trends - The company expects an uptick in new logo acquisitions in Q4 and is seeing momentum in its go-to-market strategy [101][109]

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 1-8729 UNISYS CORPORATION (Exact name of registrant as specified in its charter) Delaware 38-0387840 (State or other jurisdiction o ...

Unisys Corporation (NYSE:UIS) Q2 2023 Earnings Conference Call August 2, 2023 8:00 AM ET Company Participants Michaela Pewarski - VP, IR Peter Altabef - Chairman & CEO Debra McCann - EVP & CFO Michael Thomson - COO & President Conference Call Participants Rod Bourgeois - DeepDive Equity Research Joseph Vafi - Canaccord Genuity Anja Soderstrom - Sidoti & Company Arun Seshadri - Crédit Suisse Matthew Galinko - Maxim Group Operator Good day, and welcome to the Unisys Corporation Second Quarter 2023 Earnings Co ...

Unisys Corporation (NYSE:UIS) Q1 2023 Earnings Conference Call May 3, 2023 8:00 AM ET Company Participants Michaela Pewarski – Vice President of Investor Relations Peter Altabef – Chair and Chief Executive Officer Deb McCann – Chief Financial Officer Mike Thomson – Chief Operating Officer Conference Call Participants Rod Bourgeois – DeepDive Equity Research Pallav Saini – Canaccord Genuity Anja Soderstrom – Sidoti Matthew Galinko – Maxim Group Operator Good morning, and welcome to the Unisys Corporation Fir ...

| --- | --- | |------------------------|-----------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | First Quarter | Peter Altabef Chair and CEO | | 2023 Financial Results | Deb McCann CFO | | | | | | MAY 02, 2023 | | --- ...

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 March 31, 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 1-8729 UNISYS CORPORATION (Exact name of registrant as specified in its charter) Delaware 38-0387840 (State or other jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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 1-8729 UNISYS CORPORATION (Exact name of registrant as specified in its charter) Delaware 38-0387840 (State or other jurisdiction of (I ...