NCR Atleos is a leader in facilitating banks and retailers to deliver best-in-class self-service banking experiences for consumers. Leveraging our market-leading hardware and software capabilities, we are able to expand into new ATM transaction types, including digital currency solutions, to drive market growth. As the traditional banking industry continues to evolve and banks look to outsource their ATM estates to optimize operational efficiencies and customer experience, NCR Atleos is also well-positioned to support the transition of its large installed base by offering our full suite of innovative ATM-as-a-Service solutions driving value for our customers, recurring revenue and a strong margin profile for our shareholders.
Why Invest in NCR Atleos
Steady Global Demand for Cash
- Cash in circulation grew at +5% CAGR from 2010 to 2022
- Value of cash withdrawals growing at 2% CAGR from 2023 to 2027
Market Leader
- +600k Global installed base
- #1 retail surcharge-free network
- #1 provider of multi-vendor ATM software applications and middleware
- #1 across 30+ countries for ATM installs
Strong Recurring Revenue Profile and Cash Generation
- Increasing recurring revenue profile to 80% with 11% CAGR 2023E-2027E
- Flexible business model driving strong Free Cash Flow conversion
Growing Dividend
- Intend to declare first dividend in Q1 2024
- Dividend expected to grow materially as Free Cash Flow accelerates
- 35-50% of Free Cash Flow dividend payout range