Slide 1: Amdocs Fiscal Q4 2024 Earnings Presentation
Exhibit 99.2 Amdocs Limited NASDAQ: DOX Fiscal Q4 2024 Earnings Presentation November 12, 2024 Shuky Sheffer President & CEO Tamar Rapaport-Dagim CFO & COO
Slide 2: Forward-looking statements disclaimer
The information contained herein in this presentation or delivered or to be delivered to you during this presentation does not constitute an offer, expressed or implied, or a recommendation to do any transaction in Amdocs Limited securities or in any securities of its affiliates or subsidiaries. Thi
Slide 3: Earnings call agenda
Earnings call agenda 1 Strategy & business performance update Shuky Sheffer, President & Chief Executive Officer 2 Financial review & outlook Tamar Rapaport-Dagim, Chief Financial Officer & Chief Operating Officer 3 Q&A Information Security Level 0 – Public. © 2024 – Proprietary & Confidential Infor
Slide 4: Today's speakers
Today’s speakers President & Chief Executive Officer Chief Financial Officer & Chief Operating Officer Information Security Level 0 – Public. © 2024 – Proprietary & Confidential Information of Amdocs 4 4
Slide 5: Strategy and business performance update
President & Chief Executive Officer Strategy and business performance update 5
Slide 6: Fiscal 2024, Another Important Year For Amdocs
Fiscal 2024, Another Important Year For Amdocs Thanks to our amazing people for delivering value with innovative products & services Important wins, expanding Double-digit growth in cloud, market presence now ~25% of revenue Another record year in Accelerated managed services profitability Returned
Slide 7: FY24: Record Annual Revenue, Continued Profitable Growth & Margin Improvement
FY24: Record Annual Revenue, Continued Profitable Growth & Margin Improvement Non-GAAP Non-GAAP 12-month (1) Revenue operating (2) EPS backlog (2) margin 18.4% $6.44 $5,005m $4.06B (1) (3) (2) Up 2.7% YoY +60bps YoY Up 2.5% YoY Up 9.0% YoY Record total revenue Cloud Improved profitability as In line
Slide 8: Q4 Key Highlights
Q4 Key Highlights Strong sales momentum Important win at T-Mobile Maintained high managed in cloud services renewal rate Next-gen monetization platform Tier 1 operator Southeast Asia Italy Japan New pillar, part ofMulti- year digital transformation program Rapid adoption of Progressing GenAI Continu
Slide 9: Strategic Growth Framework
Strategic Growth Framework Designed to provide the market-leading innovation our customers need Accelerate the journey to the cloud Digitally transform the customer experience for consumer and B2B Monetize the future market potential of next-generation networks Deliver dynamic connected experiences
Slide 10: Progress in Strategic Domains - Cloud
Progress in Strategic Domains - Cloud Strong Accelerate the journey to the cloud partnerships Selected projects Business value Business platform modernization and cloud Faster, high-quality, and next-generation services Italy migration under 5-year agreement and customer experience, enhance operatio
Slide 11: Progress in Strategic Domains - Monetization of Next Generation Networks
Progress in Strategic Domains - Monetization of Next Generation Networks Monetize the future market potential of next-generation networks Selected projects Business value Real time monetization solution, new Enables customers the freedom to define their buying pillar part of multi-year digital exper
Slide 12: Progress in Strategic Domains – Digital Modernization
Progress in Strategic Domains – Digital Modernization Digitally transform the customer experience for consumer and B2B Strong traction in our SaaS next-gen platforms Amdocs’ cloud-native Adding to the growing list of customers A Poland ‘telco in a box’ SaaS platform Brazil Enables quick launch of ne
Slide 13: Progress in Strategic Domains - Network Automation
Progress in Strategic Domains - Network Automation Deliver dynamic connected experiences by streamlining and automating complex network ecosystems Selected project Business value Leading US provider of Next-generation fiber rollout Accelerate sales, enhance agility, and realize fiber optic internet
Slide 14: Progress in strategic domains – GenAI
Progress in strategic domains – GenAI An industry leader in helping service providers unlock the transformative potential of Gen AI CES24 - New Copilots amAIz expands with more Platform updates to utilized at customers data & AI platform agent capabilities Simplifying GenAI adoption with our industr
Slide 15: Sharpening Focus on Strategic Priorities in FY25
Sharpening Focus on Strategic Priorities in FY25 Reinforce level of business visibility Focus on strategic Increase share of highly recurring priorities long-term managed services agreements phasing out of several low-margin, non-core business activities Sharpen our focus on higher-margin strategic
Slide 16: FY25 Outlook
FY25 Outlook A B 1%-4.5% earning-to-cash flow YoY growth (1,2) conversion Revenue Adjusting for the phase out of several low- Free cash margin, non-core business activities Expect to return majority flow of free cash flow to Double-digit cloud shareholders in year ahead revenue growth in FY25 C D 21
Slide 17: Financial review & outlook
Chief Financial Officer & Chief Operating Officer Financial review & outlook 17
Slide 18: Q4 2024 Results
Q4 2024 Revenue vs. Guidance Q4 2024 Results Q4 FY2024 $ Millions Revenue slightly above guidance midpoint, adjusting for positive $3M Q4 Revenue currency impact Financial $1,264 million (1) +1.7% YoY, +2.1% constant currency $1,260 $1,264 Highlights Slightly above guidance midpoint ($1,240M - $1,28
Slide 19: Revenue Growth
Revenue Growth (2) Full Year Y/Y% growth constant currency (1) (2) Strong double-digit growth in FY2021 & FY2022 are pro forma constant currency Cloud, equating to roughly Fiscal 2024 10.3% 25% of total revenue +2.7% - in line with 7.7% 7.0% guidance midpoint Highlights Year-over-year growth and 2.7
Slide 20: Managed Services Revenue: Fiscal Year Leading Indicators
Managed Services Revenue: Fiscal Year Leading Indicators $ Billions 58% of FY 2024 revenue & Business Model Managed services arrangements support $2,905 $2,857 business model resiliency with highly Visibility recurring revenue streams, multi-year engagements and high renewal rates, and may also incl
Slide 21: Balance Sheet & Cash Flow
(1) DSO’s FY 2024 Free cash flow bridge Balance Sheet 74 days FCF includes ~$75M +5 days YoY and unchanged QoQ restructuring payments DSO’s may fluctuate from quarter to quarter & Cash Flow ~$724 ~$105 The sequential quarter change in unbilled receivables net of deferred revenue was * $49 million in
Slide 22: Dividend Growth and Disciplined Capital Allocation
Dividend Growth Q4 2024 Cash Returned to Shareholders $ Millions Board authorized new quarterly dividend Disciplined Capital payment: Dividends, 52.7 cents, +10% Allocation $55 12th consecutive annual dividend increase (1) Expects FY 2025 free cash flow (FCF) of New payment subject to shareholder ap
Slide 23: Sharpening Focus on Strategic Priorities in FY25
Sharpening Focus on Strategic Priorities in FY25 Activities we are phasing out: Certain low-margin software and hardware partner activities ✓ Phase out of some on-premise software and hardware infrastructure ✓ Other legacy-type activities ✓ More focus on cloud-related infrastructure, and Gen AI part
Slide 24: 12-Month Backlog Leading Indicators & Business Model Visibility
12-Month Backlog Leading Indicators & Business Model Visibility Up YoY on a pro- 12-month backlog +2.5% YoY and (1) (1) +$30M QoQ on a pro forma basis as forma basis of September 30, 2024, (1) 12-month backlog represents ~90% of 12-month backlog includes: expected FY 2025 revenue, higher Anticipated
Slide 25: FY2025 Revenue Growth Outlook
FY2025 Revenue Growth (3) YoY% Growth Constant Currency Revenue Growth Outlook (1) Pro forma revenue adjustment for phasing out certain business activities is 10.3% estimated at roughly $600 million, taking 4.5% 7.7% Expect 2.7% FY 2024 as the baseline 7.0% guidance midpoint Expects FY2025 revenue g
Slide 26: Annual Non-GAAP Operating Margin: FY2018 – FY2025E
(1) (2) Annual Non-GAAP Operating Margin: FY2018 – FY2025E Enhanced $ Millions (1) FY2025E Non-GAAP Operating margin Profitability target range: 21.1%-21.7% 21.7% Improvement 21.1% (1) FY2025 non-GAAP operating margin +300 bps YoY in new and improved target range of at guidance 21.1%-21.7%, up 300 b
Slide 27: Total Shareholder Return
(3)(4) Total Shareholder Return Targeting double-digit (2) Non-GAAP Diluted EPS Growth YoY % + Dividend Yield (1) expected total FY21 and FY22 non-GAAP EPS growth is presented pro forma (3) shareholder returns th for the 5th year running 5 consecutive year of double-digit expected total shareholder
Slide 28: Q&A
Q&A Information Security Level 0 – Public. © 2024 – Proprietary & Confidential Information of Amdocs 28 28 28
Slide 29: Appendix: Outlook & Reconciliation Tables
Appendix Outlook & Reconciliation Tables Information Security Level 0 – Public. © 2024 – Proprietary & Confidential Information of Amdocs 29 29 29
Slide 30: Q1 & FY2025 Outlook
Q1 Fiscal 2025 Outlook Q1 & FY2025 Revenue $1,095 - $1,135 million Outlook $1.20 - $1.29 GAAP EPS (1) Non-GAAP EPS $1.61 - $1.67 Share Count 114 million Positioned to deliver double- Effective Tax Rate Above high-end of annual target range of 15.0% - 17.0% (1) Non-GAAP digit expected total sharehold
Slide 31: Reconciliation Tables
Reconciliation Tables (a) The amounts under Purchase of property and equipment, net” include immaterial proceeds from sale of property and equipment for the fiscal years ended September 30, 2024 and 2023, respectively. Information Security Level 2 – Sensitive. © 2024 – Proprietary & Information Secu
Slide 32: Reconciliation Tables
Reconciliation Tables Information Security Level 2 – Sensitive. © 2024 – Proprietary & Information Security Level 0 – Public. © 2024 – Proprietary & Confidential Information of Amdocs 32 32 Confidential Information of Amdocs
Slide 33: Reconciliation Tables
Reconciliation Tables Information Security Level 2 – Sensitive. © 2024 – Proprietary & Information Security Level 0 – Public. © 2024 – Proprietary & Confidential Information of Amdocs 33 33 Confidential Information of Amdocs
Slide 34: Thank you
Thank you make.it . > amdocs | amazing