NCR Voyix (VYX) investor relations material

Strategic transformation and business model evolution

• Completed split into two companies, divested digital banking, and transitioned to an ODM hardware model, focusing on software, services, and payments for retail and restaurant sectors.

• Reduced leverage and improved balance sheet, with recurring revenue now at 80% and a more stable, less transaction-dependent business.

• Cost reduction initiatives largely completed, shifting focus to ongoing operational efficiencies.

• Global footprint and enterprise focus provide a competitive advantage, with consistent demand across geographies.

Growth drivers and technology initiatives

• Voyix Commerce Platform (VCP) is the central growth driver, with 22 of 400 enterprise clients converted, representing $293 million in contract value and significant future opportunity.

• VCP enables faster innovation, modular deployments, and higher recurring revenue through subscription models, with 2x-5x uplift over legacy maintenance fees.

• AI is used to modernize applications, accelerate deployments, improve customer experience, and drive operational efficiencies, including in self-checkout and service logistics.

Payments monetization and pricing strategy

• Payments revenue is $100 million, mainly from SMBs; major opportunity exists in monetizing $1.3 trillion in transaction volume, especially in enterprise.

• Gateway pricing is being aligned to market rates, and payment attach rates are high in SMB restaurants (95%+), with enterprise attach rates as a future growth area.

• Pricing discipline and CPI escalators are being embedded in new contracts, supporting margin expansion.