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EXELA TECHNOLOGIES, INC.

(XELA)
  Report
Delayed Nasdaq  -  04:00 2022-09-30 pm EDT
0.4531 USD   +0.11%
09/28Exela Technologies Secures $8 Million Contract From Unnamed Health Care Customer
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09/28Exela Technologies Further Expands Relationship with Large Healthcare Member Engagement Leader
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09/28Exela Technologies Further Expands Relationship with Large Healthcare Member Engagement Leader
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Exela Technologies : Q2 2022 Investor Presentation

08/09/2022 | 05:27pm EDT

Second Quarter 2022 Results

August 9, 2022

Par Chadha, Executive Chairman

Shrikant Sortur, Chief Financial Officer

Click here for webcast

© 2022 EXELA TECHNOLOGIES, INC Unaudited Financial Results

Notices

Preliminary Unaudited Results The financial results described in this presentation are preliminary, unaudited and represent the most recent current information available to management of Exela Technologies, Inc. ("Exela" or the "Company"). Exela's actual results may differ from these estimated financial results, including due to the completion of its financial closing procedures, final adjustments that may arise between the date of this presentation release and the time that financial results for the second quarter of 2022 are finalized, and such differences may be material. In addition, these financial results do not reflect important limitations, qualifications and details that will be included in the full financial statements to be included in the Company's Form 10-Q to be filed with the U.S. Securities and Exchange Commission.

Non-GAAPFinancial Measures: This presentation includes constant currency, EBITDA and Adjusted EBITDA, each of which is a financial measure that is not prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). Exela believes that the presentation of these non-GAAP financial measures will provide useful information to investors in assessing our financial performance, results of operations and liquidity and allows investors to better understand the trends in our business and to better understand and compare our results. Exela's board of directors and management use constant currency, EBITDA and Adjusted EBITDA to assess Exela's financial performance, because it allows them to compare Exela's operating performance on a consistent basis across periods by removing the effects of Exela's capital structure (such as varying levels of debt and interest expense, as well as transaction costs resulting from the combination of Quinpario Acquisition Corp. 2, SourceHOV Holdings, Inc. and Novitex Holdings, Inc. on July 12, 2017 (the "Novitex Business Combination") and capital markets-based activities). Adjusted EBITDA also seeks to remove the effects of integration and related costs to achieve the savings, any expected reduction in operating expenses due to the Novitex Business Combination, asset base (such as depreciation and amortization) and other similar non-routine items outside the control of our management team. Optimization and restructuring expenses and merger adjustments are primarily related to the implementation of strategic actions and initiatives related to the Novitex Business Combination. All of these costs are variable and dependent upon the nature of the actions being implemented and can vary significantly driven by business needs. Accordingly, due to that significant variability, we exclude these charges since we do not believe they truly reflect our past, current or future operating performance. The constant currency presentation excludes the impact of fluctuations in foreign currency exchange rates. We calculate constant currency revenue and Adjusted EBITDA on a constant currency basis by converting our current-period local currency financial results using the exchange rates from the corresponding prior-period and compare these adjusted amounts to our corresponding prior period reported results. Exela does not consider these non-GAAP measures in isolation or as an alternative to liquidity or financial measures determined in accordance with GAAP. A limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in Exela's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures and therefore the basis of presentation for these measures may not be comparable to similarly-titled measures used by other companies. These non-GAAP financial measures are not required to be uniformly applied, are not audited and should not be considered in isolation or as substitutes for results prepared in accordance with GAAP. Net loss is the GAAP measure most directly comparable to the non-GAAP measures presented here. For reconciliation of the comparable GAAP measures to these non-GAAP financial measures, see the slide titled Reconciliation of non-GAAPmeasures.

Forward-LookingStatements: Certain statements included in this presentation are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "may", "should", "would", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "continue", "future", "will", "expect", "outlook" or other similar words, phrases or expressions. These forward-looking statements include statements regarding our industry, future events, estimated or anticipated future results and benefits, future opportunities for Exela, and other statements that are not historical facts. These statements are based on the current expectations of Exela management and are not predictions of actual performance. These statements are subject to a number of risks and uncertainties, including without limitation the network outage described herein and those discussed under the heading "Risk Factors" in our most recent annual report on Form 10-K for the year ended December 31, 2021, as filed with the Securities and Exchange Commission ("SEC") on March 16, 2022, and any updates thereto in the Company's quarterly reports on Form 10-Q and current reports on Form 8-K, as well as the "Risk Factors" section of our prospectus supplements and tender offer documents filed with the SEC. In addition, forward-looking statements provide Exela's expectations, plans or forecasts of future events and views as of the date of this communication. Exela anticipates that subsequent events and developments will cause Exela's assessments to change. These forward-looking statements should not be relied upon as representing Exela's assessments as of any date subsequent to the date of this presentation.

Rounding Due to rounding, numbers presented throughout this document may reflect rounding and may not add up precisely to the totals provided and percentages may not precisely reflect absolute figures.

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© 2022 EXELA TECHNOLOGIES, INC

2

Key messages and objectives for 2022

  1. Invest: Continue to invest for growth
  2. Cash is king: Capital structure dislocation represents an opportunity
  3. Talent: Promote and hire the best talent
  4. STS: Serve the shareholders
  5. Position Exela for margin expansion and growth in 2023 and beyond

© 2022 EXELA TECHNOLOGIES, INC Unaudited Financial Results

Select highlights for Q2 2022: not an ordinary quarter

  1. Capital Deployment Strategy: deposited $70M of 2026 Notes in XCV-STS, set aside for the benefit of our shareholders
  2. Raised $58M in equity capital
  3. Reduced debt by $118M
  4. Completed $150M securitization facility with PNC
  5. Won $229.7M in TCV, the highest amount in a quarter in over 3 years
  6. Substantial uptick in Digital Asset platforms DMR and DrySign®

© 2022 EXELA TECHNOLOGIES, INC Unaudited Financial Results

Select highlights for Q2 2022: not an ordinary quarter

  1. WFA business model is gaining traction. Over 8,549 employees or just over 50% of our employees are taking advantage of our WFA business model
  2. Potential savings for 2023 of $11.8M including 20% reduction of real estate in 2022
  3. Largest Note Holder: ETI parent is now the largest holder of 2026 Notes

10.Talent: simplified management organization is complete

Additional considerations:

  • Inflation, tight job markets, network outage and strong dollar are negative impacts
  • Faster ramp of new business: incremental, profitable new business can contribute to base
  • Investment in bench continues to support our customers

© 2022 EXELA TECHNOLOGIES, INC Unaudited Financial Results

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Exela Technologies Inc. published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 21:20:54 UTC.


© Publicnow 2022
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Financials (USD)
Sales 2022 1 133 M - -
Net income 2022 -216 M - -
Net Debt 2022 965 M - -
P/E ratio 2022 -0,17x
Yield 2022 -
Capitalization 29,4 M 29,4 M -
EV / Sales 2022 0,88x
EV / Sales 2023 0,84x
Nbr of Employees 17 000
Free-Float 99,5%
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Number of Analysts 2
Last Close Price 0,45 $
Average target price 2,50 $
Spread / Average Target 452%
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Managers and Directors
Shrikant Sortur Chief Financial Officer
Parvinder S. Chadha Executive Chairman
Sriram Ramanathan Chief Technology officer
John H. Rexford Independent Director
Martin P. Akins Independent Director
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