Adjusted EBITDA % revenue                             10.6     %   9.8      %   11.8        % The company defines EBITDA as net loss excluding income tax benefit/expense, net interest expense, and depreciation and amortization expense. Consistent with the company's credit agreement, Adjusted EBITDA is EBITDA excluding the effects of the following items: share-based compensation, foreign exchange gain/loss net, miscellaneous net, equity in earnings of unconsolidated subsidiaries, restructuring and DN Now transformation expenses and non-routine expenses net, as outlined in Note 1 of the non-GAAP measures. To remain comparable to the U.S. GAAP depreciation and amortization measures, the company excluded the amortization of Wincor Nixdorf purchase accounting intangible assets from non-routine expenses, net in the Adjusted EBITDA reconciliation of USD19.9 and USD21.4 for the three months ended March 31, 2021 and 2020. Additionally, USD2.0 and USD5.4 of accelerated depreciation expense for the three months ended March 31, 2021 and 2020 was excluded from Restructuring and DN Now transformation expenses. Deferred financing fees amortization is included in interest expense and GAAP depreciation and amortization; as a result, the company excluded from the depreciation and amortization caption USD4.3 and USD5.6 for the three months ended March 31, 2021 and 2020, respectively. These are non-GAAP financial measures used by management to enhance the understanding of our operating results. EBITDA and Adjusted EBITDA are key measures we use to evaluate our operational performance. We provide EBITDA and Adjusted EBITDA because we believe that investors and securities analysts will find EBITDA and Adjusted EBITDA to be useful measures for evaluating our operating performance and comparing our operating performance with that of similar companies that have different capital structures and for evaluating our ability to meet our future debt service, capital expenditures, and working capital requirements. However, EBITDA and Adjusted EBITDA should not be considered as alternatives to net income as a measure of operating results or as alternatives to cash flows from operating activities as a measure of liquidity in accordance with GAAP.  1. Reconciliation of GAAP net loss and net loss attributable to Diebold Nixdorf, Incorporated to non-GAAP net income

(loss) and net income (loss) attributable to Diebold Nixdorf, Incorporated, and diluted GAAP EPS to non-GAAP EPS

(Dollars in millions, except per share data): 


                                                                           Q1 2021                  Q1 2020 
                                                                           USD           per share    USD            per share 
Net loss                                                                   USD (8.1)     USD (0.10)     USD (93.4)     USD (1.21) 
Net (loss) income attributable to noncontrolling interests                 -           -            (0.6)        (0.01) 
Net loss attributable to Diebold Nixdorf, Incorporated                     USD (8.1)     USD (0.10)     USD (92.8)     USD (1.20) 
Restructuring and DN Now transformation expenses                           23.1        0.29         41.6         0.54 
Amortization of Wincor Nixdorf purchase accounting intangible assets 
(non-cash)                                                                 19.9        0.25         21.4         0.28 
Non-routine (income)/expense, net                                          (0.2)       -            26.0         0.33 
Tax impact (inclusive of allocation of discrete tax items)                 (11.4)      (0.14)       (22.5)       (0.29) 
Total adjusted net income (loss) (non-GAAP measure)                        USD 23.3      USD 0.29       USD (26.9)     USD (0.35) 
Net (loss) income attributable to noncontrolling interests                 -           -            (0.6)        (0.01) 
Total adjusted net income (loss) attributable to Diebold Nixdorf, 
Incorporated (non-GAAP measure)                                            USD 23.3      USD 0.29       USD (26.3)     USD (0.34)  1. Net debt is calculated as follows (Dollars in millions): 
                                                                                    December 31, 
                                                                  March 31, 2021    2020            March 31, 2020 
Cash, cash equivalents, and short-term investments (GAAP measure) USD  256.1          USD 361.7         USD  525.6 
Cash included in assets held for sale                             3.7               2.7             23.3 
Debt instruments                                                  (2,281.7)         (2,346.4)       (2,456.8) 
Net debt (non-GAAP measure)                                       USD  (2,021.9)      USD (1,982.0)     USD  (1,907.9) We believe that given the significant cash, cash equivalents and short-term investments on its balance sheet that net cash against outstanding debt is a meaningful measure. Cash included in assets held for sale for the three months ending March 31, 2020 excludes approximately USD9.5 million of cash that was greater than the expected net proceeds on the disposition of one of the assets. ### PR_21-4015 -----------------------------------------------------------------------------------------------------------------------

2021-05-10 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 
Internet:     www.dieboldnixdorf.com 
 
End of News   DGAP News Service 
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1194654 2021-05-10


 
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May 10, 2021 08:49 ET (12:49 GMT)