Ss&c Technologies Holdings, Inc. · NASDAQ:SSNC
Ss&c Technologies — Q1 2021 Earnings Presentation
18 slides from Ss&c Technologies's earnings presentation, Apr 26, 2021
Slide 1: SS&C Technologies Q1 2021 Earnings Results
SS&C Technologies (NASDAQ:SSNC) Q1 2021 Earnings Results 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements, as defined by federal and state securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans,
Slide 3: Q1 2021 financial highlights
Q1 2021 financial highlights 3 Note: See appendix for reconciliation of non-GAAP financial measures
Slide 4: Debt review and capital allocation
Operating cash flow was $185.7 M for the three months ended March 31, 2021 Debt Net leverage ratio is 3.35x LTM consolidated EBITDA, secured net leverage ratio is 2.29x LTM consolidated EBITDA of $1,886.4 M Shareholder Returns Repurchased 2.7 million shares of common stock in Q1 2021 at an average p
Slide 5: Organic Growth Calculations
5 Organic Growth Calculations 2021 1Adjustments include $3.8 M for out-of-pocket expense reimbursements, and $7.3 M for DST clients that terminated pre-acquisition.
Slide 6: Adjusted revenue and margins
Adjusted revenue and margins 6 Adjusted revenue ($M) Adjusted consolidated EBITDA margin (%) Note: See appendix for reconciliation of non-GAAP financial measures
Slide 7: Revenue retention rates
7 Quarterly retention rate is based on a rolling prior twelve months. Yearly retention is the average of four quarters. Acquisitions are not included in retention rate calculation until one year post-acquisition. Revenue retention rates
Slide 8: Adjusted net income and adjusted diluted EPS
Adjusted net income and adjusted diluted EPS 8 Adjusted net income ($M) Adjusted diluted EPS Note: See appendix for reconciliation of non-GAAP financial measures
Slide 9: Alternative Assets under Administration ($B)
Alternative Assets under Administration ($B) 9
Slide 10: Guidance
10 Guidance SS&C does not provide reconciliations of guidance for Adjusted Revenues and Adjusted Net Income to comparable GAAP measures, in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. SS&C is unable, without unreasonable efforts, to forecast c
Slide 11: Appendix: Disclosures relating to non-GAAP financial measures
11 Appendix Disclosures relating to non-GAAP financial measures
Slide 12: Reconciliation of revenues to adjusted revenues
Reconciliation of revenues to adjusted revenues Adjusted revenues represents revenues adjusted to include a) amounts that would have been recognized if deferred revenue were not adjusted to fair value at the date of acquisition and b) amounts that would have been recognized if not for adjustments to
Slide 13: Reconciliation of operating income to adjusted operating income
Reconciliation of operating income to adjusted operating income Adjusted operating income represents operating income adjusted for amortization of intangible assets, stock-based compensation, purchase accounting adjustments for deferred revenue and related costs, ASC 606 adoption impact and other ex
Slide 14: Reconciliation of net income to EBITDA and adjusted consolidated EBITDA
Reconciliation of net income to EBITDA, consolidated EBITDA and adjusted consolidated EBITDA EBITDA represents net income before interest expense, income taxes, depreciation and amortization. Consolidated EBITDA, defined under our Credit Agreement entered into in April 2018, as amended, is used in c
Slide 15: Reconciliation of net income to EBITDA and adjusted consolidated EBITDA
Reconciliation of net income to EBITDA, consolidated EBITDA and adjusted consolidated EBITDA Acquired EBITDA reflects the EBITDA impact of significant businesses that were acquired during the period as if the acquisition occurred at the beginning of the period, as well as cost savings enacted in con
Slide 16: Reconciliation of net income to adjusted net income and adjusted diluted EPS
Reconciliation of net income to adjusted net income and diluted earnings per share to adjusted diluted earnings per share Adjusted net income and adjusted diluted earnings per share represent net income and earnings per share before amortization of intangible assets and deferred financing costs, sto
Slide 17: Reconciliation of net income to adjusted net income and adjusted diluted EPS
Reconciliation of net income to adjusted net income and diluted earnings per share to adjusted diluted earnings per share Purchase accounting adjustments include (a) an adjustment to increase revenues by the amount that would have been recognized if deferred revenue were not adjusted to fair value a
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