Diebold Nixdorf, Inc. (NYSE:DBD) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET

Company Participants

Christine Marchuska - Vice President, Investor Relations

Octavio Marquez - President & Chief Executive Officer

Jeff Rutherford - Executive Vice President, Chief Financial Officer

Conference Call Participants

Matt Summerville - D.A. Davidson

Paul Chung - JPMorgan

Jack Boyle - Northcoast Research

Ana Goshko - Bank of America

Peter Sakon - CreditSights

Operator

Good morning. My name is Charlie, and I’ll be your conference operator today. At this time, I would like to welcome everybody to the Diebold Nixdorf Third Quarter 2022 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there’ll be a question-and-answer session. [Operator Instructions] Thank you.

Ms. Marchuska, your conference now may begin.

Christine Marchuska

Hello, everyone and welcome to our third quarter 2022 earnings call. I’m Christine Marchuska, Vice President of Investor Relations for Diebold Nixdorf. To accompany our prepared remarks, we have posted our press release and shareholder letter to the Investor Relations section of our corporate website. I would encourage investors to review the shareholder letter as it contains additional information regarding the progress of company. Later this morning, a replay of this webcast will be available on the Investor Relations section of our website.

Before we begin, I will remind all participants that during this call, you will hear forward-looking statements, including related to an update on our outlook. These statements reflect the expectations and beliefs of our management team at the time of this call, but they are subject to risks and uncertainties that could cause actual results to differ materially from these statements. Additional information on these factors can be found in the company’s periodic and annual filings with the SEC. Participants should be mindful that subsequent events may render this information to be out of date.

We will also be discussing certain non-GAAP financial measures on today’s call. A reconciliation between GAAP and non-GAAP measures can be found in the tables of today’s earnings release.

And now, I’ll hand the call over to Octavio.

Octavio Marquez

Thank you, Christine. And thanks to all of you for joining us today. Today, I’d like to cover some main points, including our recent Transaction Support Agreement. But before that, I want to spend some time talking about the consistent market demand for our banking and retail solutions during the quarter and how our backlog is positioning us for success. Next, we’ll discuss our operating model, progress on our savings plan and our three-year financial model. And then before I hand it over to Jeff, to discuss financials and details, we’ll share a brief update on the transaction contemplated by the TSA.