DGAP-Adhoc: Diebold Nixdorf, Incorporated: Diebold Nixdorf Reaffirms 2019 Outlook, provides guidance for 2020 and 2021

DGAP-Ad-hoc: Diebold Nixdorf, Incorporated / Key word(s): Forecast 
Diebold Nixdorf, Incorporated Reaffirms 2019 Outlook, provides guidance for 
2020 and 2021 
 
12-Dec-2019 / 14:00 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation 
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*December 12, 2019 - North Canton, Ohio, United States of America* - Diebold 
Nixdorf, Incorporated (ISIN: US2536511031, the "Company") announced today 
that it is reaffirming its 2019 financial outlook, while providing guidance 
for 2020 and targets for 2021. 
 
For 2019, the Company's reaffirmed outlook is as follows: 
 
- Total revenue of approximately $4.4 billion; 
 
- Adjusted EBITDA of $400 million to $410 million, which represents 25% to 
28% growth over 2018; 
 
- Net cash provided by operating activities of $120 million to $150 million; 
 
- Capital expenditures of approximately $50 million; and 
 
- Free cash flow of $70 million to $100 million. 
 
For 2020, the Company's guidance is: 
 
- $4.2 billion to $4.3 billion of revenue, approximately flat on a constant 
currency basis and after accounting for an approximate $100 million 
reduction from divestitures; 
 
- Adjusted EBITDA of $430 million to $470 million, which includes a modest 
impact from divestitures; 
 
- Net cash provided by operating activities of $170 million to $200 million, 
representing growth of approximately 30% to 40% from the 2019 outlook; 
 
- Capital expenditures of approximately $70 million, including growth 
capital and internal systems investments; 
 
- Free cash flow of $100 million to $130 million; and 
 
- Leverage ratio in the mid-3x's by the end of 2020, a decrease from the 
mid-4x's at year-end 2019. 
 
For 2021, the Company is targeting: 
 
- Revenue growth towards the low end of its previously announced range of 2 
- 4%; 
 
- Adjusted EBITDA margin is now in excess of 12%; 
 
- Free cash flow of greater than $200 million; and 
 
- Leverage ratio of less than 3x and return on invested capital in the 
mid-teens. 
 
The Company expects to report its 2019 fourth quarter and full-year 
financial results in mid-February 2020. 
 
*Non-GAAP Financial Measures and Other Information* 
With respect to the Company's non-GAAP adjusted EBITDA outlook for 2019 and 
2020, it is not providing a reconciliation to the most directly comparable 
GAAP financial measure because it is unable to predict with reasonable 
certainty those items that may affect such measures calculated and presented 
in accordance with GAAP without unreasonable effort. These measures 
primarily exclude the future impact of restructuring actions and net 
non-routine items. These reconciling items are uncertain, depend on various 
factors and could significantly impact, either individually or in the 
aggregate, net income calculated and presented in accordance with GAAP. 
 
For 2020 adjusted EBITDA, the Company expects its DN Now transformation 
initiatives to yield approximately $130 million of gross savings. Partially 
offsetting these gains in 2020, the Company expects typical inflation, 
certain non-recurring items and a modest impact from near-term divestitures 
and related actions. In addition, the 2020 outlook includes incremental 
investments in future revenue growth opportunities. 
 
Free cash flow is a non-GAAP financial measure defined as net cash provided 
by operating activities less capital expenditures. The leverage ratio is a 
non-GAAP financial measure defined as net debt to trailing 12 months 
adjusted EBITDA. Return on invested capital (ROIC) is a non-GAAP financial 
measure defined as tax-affected non-GAAP operating profit divided by 
invested capital. 
 
For additional information regarding the Company's use of non-GAAP financial 
measures, please refer to the Company's financial statements as published 
under https://investors.dieboldnixdorf.com/ [1]. 
 
North Canton, December 12, 2019 
Diebold Nixdorf, Incorporated 
 
Notifying Person: 
Stephen A. Virostek 
Vice President, Investor Relations 
Telephone [phone] 
Facsimile [phone] 
[e-mail] 
 
*Forward-Looking Statements* 
This ad hoc notice contains forward-looking statements within the meaning of 
the Private Securities Litigation Reform Act of 1995, including statements 
regarding anticipated adjusted revenue growth, adjusted internal revenue 
growth. Statements can generally be identified as forward-looking because 
they include words such as "believes," "anticipates," "expects," "could," 
"should" or words of similar meaning. Statements that describe the Company's 
future plans, objectives or goals are also forward-looking statements. 
Forward-looking statements are subject to assumptions, risks and 
uncertainties that may cause actual results to differ materially from those 
contemplated by such forward-looking statements. The factors that may affect 
the Company's results include, among others: the ultimate impact of the 
appraisal proceedings initiated in connection with the implementation of the 
domination and profit and loss transfer agreement with Diebold Nixdorf AG 
and the merger squeeze-out of the remaining shareholders of Diebold Nixdorf 
AG; the ultimate outcome and results of integrating the operations of the 
Company and former Diebold Nixdorf AG; the changes in political, economic or 
other factors such as interest rates, currency exchange rates, inflation 
rates, recessionary or expansive trends, taxes and regulations and laws 
affecting the worldwide business in each of the Company's operations; the 
Company's reliance on suppliers and any potential disruption to the 
Company's global supply chain; changes in the Company's relationships with 
customers, suppliers, distributors and/or partners in its business ventures; 
the impact of market and economic conditions on the financial services and 
retail industries, including any additional deterioration and disruption in 
the financial and service markets, including the bankruptcies, 
restructurings or consolidations of financial institutions, which could 
reduce the Company's customer base and/or adversely affect the Company's 
customers' ability to make capital expenditures, as well as adversely impact 
the availability and cost of credit; the acceptance of the Company's product 
and technology introductions in the marketplace; the capacity of the 
Company's technology to keep pace with a rapidly evolving marketplace; 
competitive pressures, including pricing pressures and technological 
developments; the effect of legislative and regulatory actions in the United 
States and internationally; the Company's ability to comply with government 
regulations; the impact of a security breach or operational failure on the 
Company's business; the Company's ability to achieve benefits from its 
cost-reduction initiatives and other strategic initiatives, such as DN Now, 
including its planned restructuring actions, as well as its business process 
outsourcing initiative; unanticipated litigation, claims or assessments, as 
well as the outcome/impact of any current/pending litigation, claims or 
assessments; the Company's success in divesting, reorganizing or exiting 
non-core and/or non-accretive businesses; changes in the Company's intention 
to further repatriate cash and cash equivalents and short-term investments 
residing in international tax jurisdictions, which could negatively impact 
foreign and domestic taxes; the Company's ability to maintain effective 
internal controls; the Company's ability to comply with covenants contained 
in the agreements governing its debt; the investment performance of the 
Company's pension plan assets, which could require the Company to increase 
its pension contributions, and significant changes in healthcare costs, 
including those that may result from government action; the amount and 
timing of repurchases of the Company's common shares, if any; the Company's 
ability to successfully refinance its debt when necessary or desirable; and 
other factors included in the Company's filings with the SEC, including its 
Annual Report on Form 10-K for the year ended December 31, 2018 and in other 
documents that the Company files with the SEC. You should consider these 
factors carefully in evaluating forward-looking statements and are cautioned 
not to place undue reliance on such statements. The Company assumes no 
obligation to update any forward-looking statements, which speak only to the 
date of this ad hoc notice. 
 
12-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     Diebold Nixdorf, Incorporated 
             5995 Mayfair Road 
             44720 North Canton, OH 
             United States 
Phone:       [phone] 
Fax:         [phone] 
E-mail:      [e-mail] 
Internet:    www.dieboldnixdorf.com 
ISIN:        US2536511031 
WKN:         856244 
Listed:      Regulated Market in Frankfurt; Regulated Unofficial Market in 
             Berlin, Munich, Stuttgart, Tradegate Exchange; NYSE 
EQS News ID: 934655 
 
End of Announcement DGAP News Service 
 
934655 12-Dec-2019 CET/CEST 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=594030009a6672f21463a05ceb95164f&application_id=934655&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

December 12, 2019 08:00 ET (13:00 GMT)