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NCR Atleos (NATL) - 2025 Q1 - Earnings Call Presentation
2025-05-08 12:01
Q1 2025 Financial Performance - Core revenue reached $966 million, a decrease of 2% year-over-year, or 1% on a constant currency basis[47] - Core recurring revenue was $729 million, up 1% year-over-year in constant currency[49] - Adjusted EBITDA increased by 9% year-over-year to $175 million, with core Adjusted EBITDA up 11% year-over-year[51, 54] - Adjusted EBITDA margin expanded by 270 bps from Q1 2024 to Q1 2025[21, 54] - Adjusted diluted EPS grew by 56% year-over-year to $064[52, 54] Segment Performance - Self-Service Banking segment revenue decreased by 1%, but increased by 1% in constant currency[47] - Services & Software revenue in Self-Service Banking grew by 4%, or 6% in constant currency[47] - ATM as a Service (ATMaaS) revenue increased by 24% year-over-year[31, 49] - Network segment revenue decreased by 4%, or 2% in constant currency[47] - Allpoint cash withdrawal transactions increased by 2% year-over-year[41] - Cash deposit transactions increased by 200% year-over-year, reaching an annual run rate of $1 billion in cash deposits[41] Key Strategic Metrics - ATMaaS unique customers increased by 40% year-over-year[31] - Network segment LTM ARPU increased to $16,129[34] Full Year 2025 Outlook - The company reaffirmed its full year 2025 guidance[21] - Core revenue is projected to grow by 3% to 6% in constant currency[78] - Total Adjusted EBITDA is expected to grow by 7% to 10% in constant currency[78] - Adjusted free cash flow is projected to be between $260 million and $300 million[78]