6 NCR Confidential NCR core vs. key competitors • Core produces more revenue • Core produces more profit • Core enterprise value is less than competitors Primary competitors • Trade at higher EBITDA and EPS multiples based on 2010 analyst consensus Grow revenue • Low-mid single digit market growth in core • Select strategic acquisitions to grow faster than the secular market • New markets and new geographies; adjacencies Continue to manage costs and increase productivity • Cost savings of $200-$250 million from 2008 through 2011 (50% re- invested) Financials • Expect 2010 revenue of $125- $150 million and approx. $30 million loss from operations • Goal to be breakeven (EBITDA) by Q4 2010; goal $25M-$35M positive EBITDA in 2011 • $1B+ revenue opportunity Largest competitor • Consensus $1B+ revenue in 2010 • EBITDA margin high-teens+ for DVD rental-only business Brand • License to use Blockbuster brand in the kiosk channel Grow revenue • Build out kiosk network - up to 10k units by year-end 2010 • Continued domestic and international build-out in 2011 Create new category; higher growth and margins than core • Only multi-channel, multi- segment offer in industry GAAP impacts • $1 billion underfunded status as of 2009 year end • $215 million expected expense in 2010 • Majority of pension expense is amortization of prior losses (non- cash) Cash impacts • Pre-tax net cash liability of ~$1 billion (~$750 million after-tax) as of 2009 year end • Expect cash contributions of ~$110 million in 2010 Eliminate current underfunded liability • Rebalance asset portfolio to fixed income by end of 2012 • Interest rate increases and asset price improvement would reduce the underfunded position Eliminate future volatility of plan expense and funded status • Match assets and liabilities Overview: Core Business Core Business Entertainment Entertainment Pension Pension Overview of NCR’s Business Strategy: | 
