Exela Technologies Inc (NASDAQ:XELA) Q3 2020 Results Conference Call November 10, 2020 11:00 AM ET Company Participants William Maina - Investor Relations Ronald Cogburn - Chief Executive Officer Shrikant Sortur - Chief Financial Officer Conference Call Participants Alan Cato - Beach Point Capital David Foropoulos - Unum Group Operator Good day, and welcome to the Exela Technologies; Third Quarter 2020 Financial Results Conference Call. All participants will be in listen-only mode [Operator Instructions] Af ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 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: 001-36788 EXELA TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 47-1347291 (State of ...

Exela Technologies, Inc. (NASDAQ:XELA) Q2 2020 Earnings Conference Call August 11, 2020 11:00 AM ET Company Participants William Maina - ICR Ron Cogburn - CEO & Director Shrikant Sortur - CFO Conference Call Participants David Foropoulos - Unum Anton Schutz - Mendon Capital Allen Kato - Beach Point Capital Howard Yim - Avenue Capital James Baglanis - ExodusPoint Operator Good day, everyone, and welcome to the Exela Technologies Second Quarter 2020 Financial Results Conference Call. [Operator Instructions]. ...

Table of Contents Commission file number: 001-36788 EXELA TECHNOLOGIES, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Exact Name of Registrant as Specified in its Charter) Delaware 47-1347291 (State of or ot ...

Exela Technologies, Inc. (NASDAQ:XELA) Q1 2020 Earnings Conference Call June 30, 2020 5:00 PM ET Company Participants William Maina - IR, ICR Inc. Ronald Cogburn - CEO Shrikant Sortur - CFO Conference Call Participants Trent Porter - Nuveen David Foropoulos - Unum Bryan King - Congruent Allen Kato - Beach Point Capital Jerry Wang - Carlyle Operator Good day and welcome to the Exela Technologies First Quarter 2020 Financial Results Conference Call and Webcast. [Operator Instructions] Please note, this event ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 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: 001-36788 EXELA TECHNOLOGIES, INC. Table of Contents Indicate by check mark whether the registrant: (1) has filed all reports required to be f ...

Table of Contents 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, 2019 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: 001‑36788 EXELA TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 47‑1347291 (State o ...

Exela Technologies, Inc. (NASDAQ:XELA) Q3 2019 Earnings Conference Call November 12, 2019 5:00 PM ET Company Participants James Reynolds - CFO & Director William Maina - ICR Ronald Cogburn - CEO Conference Call Participants Daniel Reagan - Cantor Fitzgerald Trent Porter - Nuveen Operator Good day, and welcome to the Exela Technologies Incorporated Third Quarter 2019 Financial Results Conference Call. [Operator Instructions]. Please note that this event is being recorded. I would now like to turn the confere ...

Table of Contents EXELA TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in its Charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 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: 001-36788 (State of or other Jurisdictio ...

Financial Data and Key Metrics Changes - Revenue for Q2 2019 was $390.2 million, with a constant currency revenue of $394.6 million, reflecting a year-over-year decline of 4.9% on an as-reported basis [15][44] - Adjusted EBITDA for the quarter totaled $69.4 million, a decrease of 1% year-over-year, with adjusted EBITDA margins improving by 70 basis points to 17.8% [49][56] - Total liquidity improved by $39.4 million sequentially to reach $97.5 million at the end of Q2 [15][54] Business Line Data and Key Metrics Changes - ITPS segment revenue was $309.2 million, down 6.3% year-over-year, primarily due to low-margin contract exits [44] - Healthcare Solutions segment grew 12.6% year-over-year to $63.4 million, consistent with expectations based on investments in this segment [45] - Legal and Loss Prevention segment revenue totaled $17.6 million, declining 26.4% year-over-year due to event-driven and project-based revenue fluctuations [45] Market Data and Key Metrics Changes - Revenue from Europe represented 18% of total revenue, while the Americas accounted for 82% in the first half of 2019 [39] - The company reported a diversified revenue base, with 35% of revenue coming from the top 20 customers, who have an average tenure of over 16 years [39] Company Strategy and Development Direction - The company is focused on transforming its business through automation and technology, aiming to improve gross margins across various segments [11][32] - The strategy includes optimizing headcount geographically, increasing headcount in Asia while reducing it in North America and Europe [33] - The company is pursuing additional opportunities for market penetration through its Digital Now suite of solutions [42] Management's Comments on Operating Environment and Future Outlook - Management updated 2019 revenue guidance to $1.59 billion to $1.61 billion and adjusted EBITDA guidance to $290 million to $300 million, reflecting higher visibility into the base business [13][56] - The company expressed confidence in its transformation efforts, indicating that approximately 60% to 70% of revenue is already at a 30% gross margin or higher [32] Other Important Information - Optimization and restructuring expenses totaled $18.7 million in Q2, with $17.6 million related to process transformation [51] - The company generated $10.2 million of net cash during the quarter, ending with a cash balance of $23.4 million [53] Q&A Session Summary Question: Can we talk about the guidance for a second? - Management acknowledged the lowered guidance and expressed confidence in achieving growth in the second half, citing improvements in pipeline and business processes [61] Question: Can you provide some color on what makes up the 35% to 40% of revenue? - Management explained that this portion includes lower-margin segments like mailroom logistics and print reprographics, which are targeted for digital transformation to improve margins [75] Question: Can you provide color on the lower revenue in the legal segment? - Management noted that the legal segment's revenue has been affected by fewer large notification projects compared to the previous year, but they remain confident in the pipeline [77]