XBP Global Holdings (XBP) investor relations material

Company overview and recent transformation

• Completed a transformational acquisition, expanding operations to 20 countries and serving over 2,500 clients across sectors.

• Pro forma annual revenue is approximately $900 million, with a simplified capital structure and no material near-term debt maturities.

• Top 25 clients have an average tenure of 15 years, with no single client representing more than 7.5% of revenue.

• Recent focus on large-scale AI-led deployments to drive efficiency and margin expansion.

• Announced a one-for-ten reverse stock split to address Nasdaq compliance and attract institutional investors.

Financial performance and capital structure

• Pro forma revenue stands at $916 million with $103 million adjusted EBITDA; net debt to EBITDA is 3.37x.

• No material debt maturities until 2028; interest rates on debt are higher than current risk profile, with plans to refinance for significant savings.

• Interest expense is about $55 million annually, with potential for tens of millions in savings through refinancing.

• Revenue declines have stabilized post-acquisition, with new contracts expected to drive future growth.

• Adjusted EBITDA grew 7.4% year-over-year and 22% sequentially in the latest quarter.

Business segments and solutions

• Two main segments: Applied Workflow Automation (90% of revenue) and Technology (10% of revenue, 30% of gross profit).

• Solutions include digital transformation, intelligent document processing, healthcare claims, payment processing, and enterprise information management.

• Handles 1.5 billion payment transactions annually and manages over 440 million patient touchpoints.

• Endorsed by leading analyst firms for intelligent automation and finance solutions.