Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Q2 2020 Earnings Presentation
15 slides from Aci Worldwide's earnings presentation, Aug 6, 2020
Slide 1: ACI Worldwide Q2 2020 Quarterly Earnings Presentation
������������ ACI WORLDWIDE Q2 2020 QUARTERLY EARNINGS PRESENTATION August 6, 2020
Slide 2: Safe Harbor for Forward-Looking Statements
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 provisions
Slide 3: Quarter in Review
Quarter in Review Odilon Almeida President and Chief Executive Officer
Slide 4: Q2 Results
Q2 Results $136M $300M $78M $68M New Bookings Revenue Adjusted EBITDA Cash Flow From Operations +42% +371% +6% +1% Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020
Slide 5: Three Pillar Strategy
Three Pillar Strategy FIT FOR FOCUSED ON STEP CHANGE GROWTH GROWTH VALUE CREATION Drive Focus Accretive organic growth R&D on M&A to drive through operational growth-rich solutions additional growth discipline and a strong supported and value creation sales culture by innovation • Re-alignment of or
Slide 6: Financial Review
Financial Review Scott Behrens Chief Financial Officer
Slide 7: Key Takeaways from the Quarter
Key Takeaways from the Quarter New Bookings • New bookings were $136 million, up 6% from Q2 2019 Backlog • 12-month backlog of $1.1 billion • 60-month backlog of $5.8 billion Revenue and Adjusted EBITDA • Revenue up 1% from Q2 2019 - ACI On Demand revenue increased 5% from Q2 2019 - ACI On Premise r
Slide 8: Key Takeaways from the Quarter: Debt and Liquidity
Key Takeaways from the Quarter Debt and Liquidity • Cash flow from operating activities was $68 million, up 371% compared to Q2 2019 • Ended Q2 with $129 million in cash and $300 million of available credit facility • Paid down $40 million in debt in the quarter • Debt balance of $1.3 billion - Repr
Slide 9: Appendix
Appendix 9
Slide 10: Supplemental Financial Data: Bookings, Recurring Revenue, Backlog
Supplemental Financial Data Three Months Ended June 30, Bookings by Type (millions) 2020 2019 New Account & New Application $ 60.7 $ 65.5 Add-on 75.3 63.2 Term Extensions 147.8 172.0 Total Bookings $ 283.8 $ 300.7 Three Months Ended June 30, Recurring Revenue (millions) 2020 2019 SaaS and PaaS fees
Slide 11: Supplemental Financial Data: Adjusted EBITDA and Segments
Supplemental Financial Data Adjusted EBITDA (millions) Three Months Ended June 30, 2020 2019 Net income (loss) $ 14.1 $ 5.7 Plus: Income tax expense (benefit) 5.9 (22.5) Net interest expense 11.2 12.3 Net other income (expense) (2.0) (1.4) Depreciation expense 5.9 5.9 Amortization expense 29.8 23.9
Slide 12: Supplemental Financial Data: EPS Impact and Free Cash Flow
Supplemental Financial Data EPS impact of non-cash and significant transaction-related items (millions) Three Months Ended June 30, 2020 2019 $ in Millions $ in Millions EPS Impact (Net of Tax) EPS Impact (Net of Tax) GAAP net income $ 0.12 $ 14.1 $ 0.05 $ 5.7 Adjusted for: Tax benefit from release
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures 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 com
Slide 14: Non-GAAP Financial Measures: Backlog
Non-GAAP Financial Measures ACI also includes backlog estimates, which include all license, maintenance, and services revenue (including SaaS and PaaS) specified in executed contracts, as well as revenues from assumed contract renewals to the extent that we believe recognition of the related revenue
Slide 15: Forward-Looking Statements
Forward-Looking Statements 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 “belie