Xerox Holdings Corporation (NASDAQ:XRX) Q2 2021 Earnings Conference Call July 27, 2021 8:00 AM ET Company Participants David Beckel – Vice President and Head of Investor Relations John Visentin – Vice Chairman and Chief Executive Officer Xavier Heiss – Chief Financial Officer Conference Call Participants Ananda Baruah – Loop Capital Matt Cabral – Credit Suisse Samik Chatterjee – JPMorgan Katy Huberty – Morgan Stanley Shannon Cross – Cross Research Operator Good morning everyone. I am David Beckel, Vice Pres ...

Xerox Holdings Corporation (NASDAQ:XRX) Q1 2021 Earnings Conference Call April 20, 2021 8:00 AM ET Company Participants John Visentin - Vice Chairman & Chief Executive Officer Xavier Heiss - Executive Vice President & Chief Financial Officer Conference Call Participants Ananda Baruah - Loop Capital Matthew Cabral - Credit Suisse Katy Huberty - Morgan Stanley Shannon Cross - Cross Research Paul Chung - J.P. Morgan Securities Jim Suva - Citigroup Operator Good morning, and welcome to the Xerox Holdings Corpor ...

Financial Data and Key Metrics Changes - GAAP EPS from continuing operations totaled $0.84, down from $1.94 in 2019, and adjusted EPS was $1.41, down from $2.14 in 2019 [4] - Operating cash flow from continuing operations was $548 million, down $696 million year-over-year, and free cash flow was $474 million, down $705 million year-over-year [4] - Revenue declined to approximately $7 billion, a decrease of 22.7% in constant currency from the prior year [5] Business Line Data and Key Metrics Changes - Equipment sales of $510 million declined 18.8% in constant currency, with strong demand in government accounts [30] - Post sales revenue of $1.42 billion in Q4 declined 20.1% in constant currency, adjusting for the OEM fee impact [31] - IT services delivered organic growth in 2020, driven by demand for remote working solutions [11] Market Data and Key Metrics Changes - Xerox regained the top spot in total equipment sales revenue market share in its territory, holding the number one position in both mid and production segments [12] - Demand within government accounts was a key driver, resulting in year-over-year equipment sales growth in the US Enterprise business [12] - The SMB channel in the US and EMEA faced challenges due to increased restrictions caused by the pandemic [30] Company Strategy and Development Direction - The company plans to stand up three separate businesses: Software, Financing, and Innovation by 2022 to provide greater focus and flexibility [20] - Project Own It has generated $1.4 billion in savings over the last 2.5 years, with a target of $375 million in savings for 2021 [5][33] - The acquisition of CareAR aims to enhance the software business and support clients' digital needs [9] Management's Comments on Operating Environment and Future Outlook - The management expressed optimism about vaccine distribution and economic recovery, although they do not expect a return to growth in Q1 [5] - The company expects revenue to be at least $7.2 billion in constant currency for 2021, with operating cash flow from continuing operations to be at least $600 million [6][38] - Management emphasized the importance of maintaining a flexible cost structure to adapt to changing market conditions [75] Other Important Information - The company returned over 100% of free cash flow to shareholders in 2020, with a $500 million repurchase authorization for 2021 [19][29] - The corporate venture capital fund of $250 million will invest in start-ups aligned with the company's innovation goals [18][37] - The net unfunded pension liability was $905 million, reflecting a $307 million year-over-year reduction [34] Q&A Session Summary Question: Can you walk through the philosophy behind the business separation? - The separation allows each area to be more focused and flexible in responding to market demands [41] Question: What should be considered for free cash flow generation in the future? - Revenue will be a key driver, and the company will maintain investment in innovation while managing working capital [42][43] Question: Can you discuss the cost side of the equation in 2021? - Project Own It has successfully delivered savings, and the company is confident in its ability to grow free cash flow year-over-year [46][47] Question: What is the status of the relationship with Fuji? - The relationship remains strong, and financial modeling is in line with expectations [49] Question: How are customer conversations going regarding contract renewals? - There has been an increase in signings and retention, particularly in government and healthcare sectors [52] Question: How is the company adjusting to potential lower print volumes post-COVID? - The company has demonstrated the ability to adjust its cost structure and is monitoring print volume trends closely [75]

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, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to XEROX HOLDINGS CORPORATION XEROX CORPORATION (Exact Name of Registrant as specified in its charter) New York 001-39013 83-3933743 New York 001-04471 16-0 ...

Xerox Holdings Corporation (NASDAQ:XRX) Q3 2020 Earnings Conference Call October 27, 2020 8:00 AM ET Company Participants John Visentin - Vice Chairman & CEO Xavier Heiss - Interim CFO Conference Call Participants Ananda Baruah - Loop Capital Matt Cabral - Credit Suisse Shannon Cross - Cross Research Paul Coster - J.P. Morgan Jim Suva - Citigroup Katy Huberty - Morgan Stanley Operator Good morning, and welcome to the Xerox Holdings Corporation Third Quarter 2020 Earnings Release Conference Call hosted by Jo ...