Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Q2 2021 Earnings Presentation
14 slides from Aci Worldwide's earnings presentation, Aug 5, 2021
Slide 1: Q2 2021 Earnings Presentation
Q2 2021 EARNINGS PRESENTATION ACI WORLDWIDE August 5, 2021 Exhibit 99.2
Slide 2: Safe Harbor for Forward-Looking Statements
2 Private Securities Litigation Reform Act of 1995 Safe Harbor for Forward-Looking Statements This presentation contains forward- looking statements based on current expectations that involve a number of risks and uncertainties. The forward- looking statements are made pursuant to safe harbor provis
Slide 3: Quarter in Review
Quarter in Review Odilon Almeida President and Chief Executive Officer 3
Slide 4: Three-Pillar Strategy for the New ACI
Three-Pillar Strategy for the New ACI 4 • Revenues and EBITDA at high end of expectations • Significantly grew sales pipeline in the quarter • Signed strategic global alliance with Microsoft • Well-positioned to accelerate revenue growth in the second half of 2021 • Expect to attain “Rule of 40” for
Slide 5: Microsoft Global Alliance Creates Industry Leading Payments Platform in the Cloud
Microsoft Global Alliance 5 Creates Industry Leading Payments Platform in the Cloud Capitalize on Growing Global Demand Accelerates and Expands ACI’s Cloud Offerings • Multi-year global alliance offering best-in-class payments in the cloud, via Microsoft Azure • Joint go-to-market and innovation col
Slide 6: Financial Review
Financial Review Scott Behrens Chief Financial Officer 6
Slide 7: Q2 2021 Takeaways
• Recurring revenue grew to 83% of total revenue in Q2 2021 versus 78% in Q2 2020 • Recurring revenue grew in all segments compared to Q2 2020 • Adjusted EBITDA decrease due to the timing of non-recurring, high-margin license renewals 7 Q2 2021 Takeaways $60M Adjusted EBITDA -23% Q2 2020 Q2 2021 +1%
Slide 8: Segment Results, Debt and Liquidity, and 2021 Guidance
Segment Results • Bank segment recurring revenue grew 2%, versus Q2 2020 • Merchant segment recurring revenue grew 5%, versus Q2 2020 • Biller segment recurring revenue grew 9%, versus Q2 2020 Debt and Liquidity • Ended quarter with $146 million in cash; approximately $474 million of available credi
Slide 9: Real-Time Payments
Real-Time Payments
Slide 10: Segment Information
10 Segment Information (millions) Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Revenue Banks $ 114.1 $ 125.4 $ 210.0 $ 231.2 Merchants 37.4 37.3 76.1 69.1 Billers 150.2 137.2 300.8 291.1 Total Revenue $ 301.7 $ 299.9 $ 586.9 $ 591.4 Recurring Revenue Banks $ 63.6 $ 62.2
Slide 11: Supplemental Financial Data: Adjusted EBITDA
11 Supplemental Financial Data Adjusted EBITDA (millions) Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Net income (loss) $ 6.5 $ 14.1 $ 4.6 $ (10.4) Plus: Income tax expense (benefit) 2.0 5.9 (2.4) (5.0) Net interest expense 8.4 11.2 17.0 25.5 Net other (income) expense
Slide 12: EPS Impact of Non-cash and Significant Transaction-related Items
12 EPS Impact of Non-cash and Significant Transaction-related Items (millions) Three Months Ended June 30, 2021 2020 EPS Impact $ in Millions (Net of Tax) EPS Impact $ in Millions (Net of Tax) GAAP net income $ 0.05 $ 6.5 $ 0.12 $ 14.1 Adjusted for: Significant transaction-related expenses 0.02 2.6
Slide 13: Non-GAAP Financial Measures
13 To supplement our financial results presented on a GAAP basis, we use the non-GAAP measures indicated in the tables, which exclude significant transaction related expenses, as well as other significant non-cash expenses such as depreciation, amortization, and non-cash compensation, that we believ
Slide 14: Forward-Looking Statements
14 This presentation contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words or phrases such as “believes,” “will,” “expects,”