Financial Performance and Key Metrics - NCR Corporation reported total revenue of $2 billion for Q4 2021, a 25% increase compared to Q4 2020, driven by strong growth across all segments [31] - For the full year 2021, revenue reached $7.2 billion, up 15% from 2020, with adjusted EBITDA increasing by 39% to $1.2 billion and adjusted EBITDA margin expanding by 300 basis points to 17.4% [36][37] - Recurring revenue grew by 25% in 2021, comprising 58% of total revenue, with adjusted EPS increasing by 51% to $2.56 [12][38] Business Line Performance - In the Banking segment, revenue increased by 40% year-over-year, benefiting from the Cardtronics acquisition, with legacy NCR Banking up 7% [40] - The Retail segment saw a 9% increase in revenue, driven by higher point-of-sale and self-checkout solutions, although adjusted EBITDA declined by 1% due to rising costs [45][46] - Hospitality revenue increased by 27% as restaurants reopened, with adjusted EBITDA flat year-over-year [50][51] Market Data and Key Metrics - Digital Banking revenue accelerated to 14% growth in Q4 2021 compared to the same quarter in 2020, with a total signed contract value up 28% year-over-year [15][43] - The Payments business experienced a 12% increase in total transactions in Q4 2021 compared to Q4 2020, with expectations for further growth through new transaction types [24] Company Strategy and Industry Competition - NCR is transitioning to a software-led-as-a-service model, aiming for 80% of revenue to be recurring and targeting 15% annual non-GAAP diluted EPS growth [73] - The company is exploring strategic actions to unlock shareholder value, as management believes the stock price does not reflect the improved performance over the past three years [27][75] Management Commentary on Operating Environment and Future Outlook - Management expressed optimism about 2022, expecting revenue growth of 12% to 15% and adjusted EBITDA growth of 21% to 27%, despite challenges from supply chain issues and inflation [58][59] - The company anticipates a gradual improvement in supply chain conditions, with hopes for a more normalized environment in the second half of 2022 [108] Other Important Information - NCR completed the acquisition of Cardtronics in mid-2021, which is expected to be accretive to EPS by 20% to 25% in its first full year [34] - The company launched a board-led strategic review process to consider various actions to enhance shareholder value [25][27] Q&A Session Summary Question: Can all business segments stand on their own? - Management indicated that while there are synergies among the segments, they are open to exploring strategic alternatives to unlock value [78][80] Question: What are the concerns regarding guidance? - Management expressed confidence in demand but highlighted concerns about cost management and inflation impacting margins [88][89] Question: What impact will LibertyX have on guidance? - LibertyX had no impact on Q4 results as the deal closed in January, but it could contribute to 2022 revenue depending on accounting methods [101] Question: How is the company managing supply chain challenges? - Management noted that while supply chain pressures remain, there are signs of improvement, particularly in semiconductor availability [106][108] Question: How have banks reacted to price increases? - Management reported that customers, including banks, have been reasonable in accepting price increases, with many passing costs onto their customers [126]

Financial Highlights - Full year revenue increased by 15% year-over-year[13], with recurring revenue up by 25% year-over-year[13] - Adjusted EBITDA for the full year grew by 39%, leading to a margin expansion of 300 basis points to 174%[13, 25] - Non-GAAP diluted EPS increased by 51% year-over-year[13, 26] - Free cash flow reached $460 million for the full year[13] - Q4 2021 revenue increased by 25% year-over-year[17], with recurring revenue up by 35% year-over-year[17] - Q4 2021 Adjusted EBITDA increased by 37% year-over-year, and margin rate increased by 160 basis points year-over-year[17] - Q4 2021 Non-GAAP EPS increased by 30% year-over-year to $076[18, 58] Business Updates and Outlook - The company expects strong revenue growth and significantly higher profitability in 2022[15] - The company initiates a comprehensive strategic review process[15] - The company provides 2022 revenue guidance of $80 billion to $82 billion[46]

or For the quarterly period ended September 30, 2021 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 o 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: 001-00395 _______________________ ...

Financial Performance - Total revenue increased by 20% year-over-year to $1.901 billion[12, 40, 42] - Recurring revenue increased by 39% year-over-year[10, 12] - Adjusted EBITDA increased by 41% year-over-year[10, 12] - Adjusted EBITDA margin expanded by 280 bps to 18.5%[10, 12] - Free cash flow was $125 million in Q3 2021[10, 13, 34, 67] - Non-GAAP diluted EPS increased by 28% year-over-year to $0.69[13, 42] Segment Performance - Banking: Digital banking revenue increased by 9% year-over-year[21] - Banking: Digital banking recurring revenue increased by 71% year-over-year[21] - Retail: Recurring revenue increased by 4% year-over-year[27] - Hospitality: Aloha Essential sites increased by 102% year-over-year[31] - Hospitality: Recurring revenue increased by 19% year-over-year[31] Strategic Goals - The company is progressing towards its NCR 80/60/20 goals, with 76% of revenue from software and services, 62% from recurring revenue, and an Adjusted EBITDA margin of 18.5%[32]

Financial Data and Key Metrics Changes - NCR Corporation reported a total revenue growth of 20%, reaching $1.9 billion, with a significant increase in recurring revenue by 39%, which now represents 62% of total revenues compared to 53% a year ago [8][22][23] - Adjusted EBITDA increased by 41% to $352 million, with an adjusted EBITDA margin expanding to 18.5%, marking the highest level in four years [9][24] - Free cash flow generated in the quarter was $125 million, marking the sixth consecutive quarter of positive free cash flow [9][25] Business Line Data and Key Metrics Changes - In the banking segment, revenue increased by 35% year-over-year, driven by software and services revenue, while ATM hardware revenue declined [26] - Digital banking grew by 9% year-over-year, with 22 renewals and three new logo deals in the third quarter [11][28] - The retail segment saw a slight revenue decline of 1% year-over-year due to lower hardware revenue, but recurring revenue increased by 4% [33] - The hospitality segment experienced a revenue increase of 29% as restaurants reopened, with a 46% increase in signed subscription total contract value [34] Market Data and Key Metrics Changes - Cash transactions on NCR's ATMs in the U.S. increased by 12% compared to the third quarter of 2020, indicating strong transaction growth [30] - The company noted strong demand for its self-checkout solutions, with expectations for a double-digit growth rate in total self-checkout revenue for the full year [87] Company Strategy and Development Direction - NCR is transitioning to a software platform and payments company, focusing on increasing recurring revenue streams and improving profit margins [6][10] - The integration of Cardtronics is on track, with expectations to accelerate the NCR-as-a-Service strategy and shift revenue mix towards software services [10][44] - The company aims to generate 80% of its revenue from software and services and 60% from recurring revenue, with current figures at 76% and 62% respectively [37] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the supply chain, with an estimated $100 million in cost pressure for the year, but expressed confidence in managing these challenges [51][82] - The company expects to see a sequential increase in hardware revenue in Q4, despite ongoing supply chain constraints [42][60] - Management remains optimistic about the growth trajectory of digital banking and the overall stability of the business [76] Other Important Information - NCR's management emphasized the importance of customer satisfaction and the need to adapt to supply chain challenges collaboratively with clients [70][80] - The company plans to hold a virtual Investor Day on December 9 to provide updates on strategic goals and performance [46][92] Q&A Session Summary Question: Impact of supply chain issues on revenue and operating profit - Management indicated that supply chain-related cost pressures could amount to approximately $100 million for the year, with a significant portion expected in Q4 [51][52] Question: Contribution of Cardtronics to revenue and EBITDA - Management did not break out Cardtronics' specific figures but noted that the banking segment grew about 3% on a pro forma basis [58] Question: Backlog growth and future orders - Management confirmed that there was no significant backlog growth and that they are managing customer expectations regarding delivery timelines [59][60] Question: Adjusted EBITDA margins and pricing strategies - Management stated that the adjusted EBITDA margin of 18.5% was achieved despite supply chain pressures, and they are implementing pricing strategies to offset costs [68][73] Question: Digital banking growth and potential air pockets - Management expressed confidence in the stability and growth of digital banking, with no anticipated delays in implementation cycles [76] Question: Customer conversations regarding self-checkout solutions - Management noted increased demand for self-service solutions driven by labor costs and the pandemic, with expectations for continued growth in this area [86]

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, 2021 or o 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: 001-00395 ________________________ NCR ...

Q2 2021 EARNINGS CONFERENCE CALL 1 MICHAEL HAYFORD, PRESIDENT & CEO OWEN SULLIVAN, COO TIM OLIVER, CFO August 3, 2021 NOTES TO INVESTORS Comments made during this conference call and in these materials contain "forwardlooking 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 amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking state ...

NCR Corporation (NCR) Q2 2021 Earnings Conference Call August 3, 2021 4:30 PM ET Company Participants Michael Nelson - Vice President of Investor Relations Michael Hayford - President and Chief Executive Officer Tim Oliver - Chief Financial Officer Owen Sullivan - Chief Operating Officer Conference Call Participants Kathryn Huberty - Morgan Stanley Dan Perlin - RBC Capital Markets Matt Summerville - D.A. Davidson Paul Chung - JPMorgan Daniel Kurnos - The Benchmark Company Operator Good day and welcome to th ...

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 March 31, 2021 or o 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: 001-00395 ________________________ NC ...

Q1 2021 EARNINGS CONFERENCE CALL 1 MICHAEL HAYFORD, PRESIDENT & CEO OWEN SULLIVAN, COO TIM OLIVER, CFO April 27, 2021 NOTES TO INVESTORS FORWARD-LOOKING STATEMENTS. 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 amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the ...