Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Q3 2017 Earnings Presentation
20 slides from Aci Worldwide's earnings presentation, Nov 2, 2017
Slide 1: Quarterly results, September 30, 2017
November 2, 2017 September 30, 2017 Quarterly results ACI Worldwide Exhibit 99.2
Slide 2: 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 of the Private Securities Litigation Reform Act of 1995. A discussion of these forward-look
Slide 3: Quarter in Review
Phil Heasley Chief Executive Officer Quarter in Review
Slide 4: Q3 2017 in Review
Revenue up 3% Adjusted EBITDA up 34% Pipeline is strong and growing across all solutions RPS program success exceeding expectations Three major solution releases in 2017 Q3 2017 in Review
Slide 5: Financial Review
Confidential Scott Behrens Chief Financial Officer Financial Review
Slide 6: Key Takeaways from the Quarter
*Numbers adjusted for FX Bookings New bookings were $143 million and total bookings were $213 million We continue to expect full year new bookings growth to be upper single digits Backlog* 12-month backlog of $833 million, down $10 million from Q2 2017 60-month backlog of $4.1 billion, down $13 mill
Slide 7: Guidance
Guidance New bookings growth expected to be in the upper single digits Revenue and Adjusted EBITDA phasing by quarter consistent with seasonal history Guidance excludes approximately $14 million in one-time integration related expenses for PAY.ON, the CFS divestiture and data center and facilities c
Slide 8: Appendix
Appendix
Slide 9: Monthly Recurring Revenue
Monthly Recurring Revenue Recurring Revenue (millions) Monthly SaaS and Platform fees Maintenance fees Monthly license fees Recurring Revenue Quarter Ended September 30, 7 2016 201 IACI bivsienrs:
Slide 10: Historic Bookings By Quarter
Confidential Historic Bookings By Quarter
Slide 11: Adjusted EBITDA
Adjusted EBITDA Quarter Ended [Adjusted EBITDA (millions) September 30, 2017 2016 _ income (loss) $3.4 (s9.8)| ono tax benefit (2.2) (6.4)| Net interest expen: 9.7] t other expense (i income) 1 (2.8)| Depreciation expens: 61 55] Amortization expense 19.5, 19.4) Non-cash compensation expense 84 10.8
Slide 12: Adjusted Operating Free Cash Flow
Adjusted Operating Free Cash Flow
Slide 13: 60-Month Backlog
60-Month Backlog Backlog 60-Month (millions) ACI On Premise ACI On Demand Backlog 60-Month Deferred Revenue Backlog 60-Month IACI bivsienrs: 8
Slide 14: EPS Impact of Non-Cash and Significant Transaction Related Items
EPS Impact of Non-Cash and Significant Transaction Related Items
Slide 15: Contract Duration Metric
Contract Duration Metric Represents dollar average remaining contract life (in years) for term license software contracts Excludes perpetual contracts (primarily heritage S1 licensed software contracts) Excludes all hosted contracts as both cash and revenue are ratable over the contract term
Slide 16: 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 compensation, that we believe a
Slide 17: Non-GAAP Financial Measures: Adjusted Operating Free Cash Flow
Non-GAAP Financial Measures ACI is also presenting adjusted operating free cash flow, which is defined as net cash provided by operating activities, plus net after-tax payments associated with employee-related actions and facility closures, plus net after-tax payments associated with significant tra
Slide 18: Backlog non-GAAP definition
Backlog is considered a non-GAAP financial measure as defined by SEC Regulation G. Our 60-month backlog estimate represents expected revenues from existing customers using the following key assumptions: Maintenance fees are assumed to exist for the duration of the license term for those contracts in
Slide 19: 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 “believes,” “will,” “expects,” “a
Slide 20: Forward-looking statements risk factors
All of the foregoing forward-looking statements are expressly qualified by the risk factors discussed in our filings with the Securities and Exchange Commission. Such factors include, but are not limited to, increased competition, the success of our Universal Payments strategy, demand for our produc