Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Investor Day (March 2011)
101 slides from Aci Worldwide's investor day presentation, Mar 15, 2011
Slide 1: ACI Investor Day
ACI Investor Day New York City March 15, 2011
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: Investor Day Agenda 2011
Investor Day Agenda 2011 Opening Remarks Phil Heasley Financial Metrics Scott Behrens Markets and Sales Ralph Dangelmaier Applications Louis Blatt Maintenance Carolyn Homberger AOD Carolyn Homberger Services Ralph Dangelmaier Customer Discussion 3
Slide 4: ACI Trust Brand Video
ACI “Trust” Brand Video 4
Slide 5: Welcome
Welcome Phil Heasley Chief Executive Officer 5
Slide 6: Financial Review
Financial Review Scott Behrens Chief Financial Officer 6
Slide 7: Key Takeaways from 2010
Key Takeaways from 2010 Revenue of $418 million • Strong growth of $40 million in recurring revenue • Recurring revenue comprised 68% of total revenue in 2010 compared to 60% of revenue in 2009 Sales of $525 million • Sales rise of $100 million led by major account signings during 2010 • First Data
Slide 8: Key Takeaways from 2010
Key Takeaways from 2010 60-Month Backlog growth of $54 million to $1.6 billion over prior year Strong Growth in Operating Income •Up $12.0 million, or 29%, over prior-year Strong Growth in Operating EBITDA •Up $14.9 million, or 20%, over prior-year 8
Slide 9: Calendar Year Revenue Mix
Calendar Year Revenue Mix $440 - $450 $418 $418 $450 $406 $374 $400 $356 19% 17% 20% $350 17% 16% 15% $300 23% 21% 24% $250 30% (millions) $200 68% 60% $150 59% 57% 54% $100 $50 $0 CY 2006 CY 2007 CY 2008 CY 2009 CY 2010 CY 2011 (proj.) Total Non-Recurring Services Total Non-Recurring License Fees T
Slide 10: CY 2010 Revenue Concentration
CY 2010 Revenue Concentration Top 1 4% Top 5 13% 29% Top 10 20% Top 20 29% 2010 Rank 2009 Rank Channel #1 #2 Americas #2 #18 EMEA #3 #16 Americas #4 #7 Americas #5 #58 EMEA #6 #1 Americas 71% #7 #3 Global #8 #5 EMEA #9 #27 Americas #10 #32 Americas = Revenue from Top 20 Customers #11 #508 EMEA = Rev
Slide 11: Revenue by Industry
Revenue by Industry • Increase of $13 million or 5% in the amount of revenue generated by banking sector as sales rebounded from aftermath of financial crisis • Processor sales increased on the mid-year renewal of the FDC contract • Retail stores segment stayed fairly constant and we continue to see
Slide 12: 60-Month Backlog in Constant Currency
60-Month Backlog in Constant Currency $1.8 • Consistent Backlog 1.6 Growth Year-over-Year $1.6 1.5 • Monthly Recurring 1.4 $1.4 portion growing at a 1.3 higher rate $1.2 • Monthly Recurring Billions includes higher margin $1.0 MLF, Maintenance, and Processing Services $0.8 • Stable Non-Recurring Bac
Slide 13: Backlog as a Contributor of Annual Revenue
Backlog as a Contributor of Annual Revenue • Backlog from monthly recurring revenues and project go-lives continues to drive quarterly GAAP revenue, leading to predictable quarterly performance • We expect backlog to contribute a similar percentage of 2011 revenue led by recurring revenue and projec
Slide 14: Operating Income and Operating EBITDA 2007-2011G
Operating Income and Operating EBITDA 2007-2011G Operating Income Operating EBITDA $64 $100 $54 $88 $42 $73 $52 $22 $27 $0 CY11 depicted at the midpoint of the guidance range 14
Slide 15: 2011 Guidance
2011 Guidance Revenue • Revenue growth range higher than last year • Revenue and margin phasing consistent with prior-year Operating Income • Operating income improves from on-going growth in recurring revenue and continued expense management • 15%-20% growth range Operating EBITDA • Depreciation an
Slide 16: Market Overview
Market Overview Ralph Dangelmaier President, ACI Global Markets & Services
Slide 17: ACI Global Markets - Topics
ACI Global Markets - Topics Key Points Major Trends by Region Current Market Penetration Sales Update Closing 17
Slide 18: ACI Global Markets - Key Points
ACI Global Markets - Key Points Continue to see good market opportunity in all geographies Grew sales last year by 24% percent • Strengthening the organization • Implementing Best Practices for Sales and Services, particularly in EMEA and Asia Pacific • Significant contribution by global accounts te
Slide 19: Major Trends By Region
MCI payment systems Major Trends By Region
Slide 20: Markets with the Biggest Opportunity
Markets with the Biggest Opportunity A focus on strategic markets Canada UK Netherlands France Germany United States Spain Italy Korea China Japan Mexico Middle East India Indonesia Singapore Malaysia Thailand Philippines Vietnam Brazil South Africa Australia 20
Slide 21: Global Market Trends and Drivers
Global Market Trends and Drivers • Growth in electronic payment transaction volumes • Consolidation creating large scale needs & inefficient platform redundancies • Continued desire for cost reduction and increased productivity • Need to expand fraud detection to unprotected channels • Search for ne
Slide 22: Key Growth Markets - Americas
Key Growth Markets - Americas United States Brazil • ACI’s largest market • ACI has a strong position in AML & • Electronic payment volumes still growing becoming leading Switch with recent wins • Consolidation created redundant platforms • Very sophisticated payments market – structural advances ar
Slide 23: Key Growth Markets - EMEA
Key Growth Markets - EMEA United Kingdom France • ACI has a strong position in retail payments, • ACI has significant position with major retail fraud & wholesale payment clients & good progress w/ fraud • Regulatory drivers persist (Wholesale, Faster • Consolidation of processors creating redundant
Slide 24: Key Growth Markets - EMEA (continued)
Key Growth Markets - EMEA (continued) Middle East Netherlands • ACI has a strong position in retail payments & • ACI services significant retail processing significant share of retail fraud banks, & some wholesale penetration • Old platform technologies in need of change • Wholesale driving market b
Slide 25: Key Growth Markets - Asia/Pacific
Key Growth Markets - Asia/Pacific ASEAN (Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam) • ACI has strong retail payments client base and significant market share in wholesale payments & online banking • Electronic/on-line payments are growing due to increasing corporate e-commerce •
Slide 26: Key Growth Markets - Asia/Pacific (continued)
Key Growth Markets - Asia/Pacific (continued) Japan & Korea Australia/NZ • ACI recent large win in Japan • ACI has a strong position in retail payments and fraud with significant share of wholesale payments market • Alliances will be key to ACI success • Commonwealth banking structure results in 4 d
Slide 27: ACI Internal Drivers
ACI Internal Drivers • Cross-selling ACI products • Migrations to new solutions – BASE24-eps® phased migration approaches gaining more traction – Extended support models designed to support customers on older products • Stronger services model – Project scoping, rates, processes • Alliances – Over 7
Slide 28: Current Market Penetration
MCI payment systems Current Market Penetration
Slide 29: ACI Market Share
ACI Market Share BANKING 19 customers in the top 20 world banks 53 customers in the top 100 world banks 7 of the top 10 4 of the top 5 5 of the top 10 in Canada in the U.K. in China 3 of the top 4 5 of the top 10 22 of the top 25 in Netherlands in Malaysia in the U.S. 3 of the top 6 8 of the top 10
Slide 30: Sample Customers – Retail Payments
Sample Customers – Retail Payments 15 March 2011 Confidential 30
Slide 31: Sample Customers – Wholesale Payments
Sample Customers – Wholesale Payments 15 March 2011 Confidential 31
Slide 32: Sample Customers – Fraud
Sample Customers – Fraud 15 March 2011 Confidential 32
Slide 33: Sample Customers - Retailers
Sample Customers - Retailers 33
Slide 34: Sales Update
MCI payment systems Sales Update
Slide 35: Sales Best Practices
Sales Best Practices Consistent forecasting Fair & Equitable Deal Construction Consistent Sales Process Driving global consistency to facilitate local autonomy 35
Slide 36: Consistent Sales Process - steps
Consistent Sales Process - 5 steps 1. Discovery 2. Account Profile 3. Strawman/Strategy 4. ROI Analysis 5. Close A structured, proven approach 36
Slide 37: Example - Leading U.S. FI
MCI payment systems Example 1 - Leading U.S. FI
Slide 38: Discovery & Account Profile
Discovery & Account Profile ACI Product Assets - highlighting what customer has licensed from ACI and what is of interest Retail Payments Solutions Wholesale Payments Solutions ENTERPRISE PAYMENTS CARD MNGMT & SETTLEMENT ENTERPRISE PAYMENTS ONLINE BANKING • BASE24 • ACI Money Transfer System • ACI E
Slide 39: Discovery & Account Profile - Customer Assets
Discovery & Account Profile Customer Assets - ACI and non-ACI solutions in use CARD PRODUCTS ATM DRIVING AUTHORIZATION FRAUD SETTLEMENT Diebold Diebold Native Native BASE24 BASE24 PRM PRM Enterprise Enterprise Debit Diebold Diebold ATMs ATMs Debit Debit PIN PIN Deployed Deployed Debit CMM CMM (Inhou
Slide 40: Strawman/Strategy
Strawman/Strategy ACI Global Payment Solutions Strategy CHANNELS CHANNELS RETAIL PAYMENTS CORE CORE SYSTEMS SYSTEMS NETWORKS NETWORKS OPERATIONS & FINANCIAL CRIME MANAGEMENT OPERATIONS & INFRASTRUCTURE INFRASTRUCTURE WHOLESALE PAYMENTS CHANNELS CHANNELS CORE CORE SYSTEMS SYSTEMS
Slide 41: Strawman/Strategy - Proposed End State
Strawman/Strategy Proposed End State using ACI Solutions CARD PRODUCTS ATM DRIVING AUTHORIZATION FRAUD SETTLEMENT Diebold Diebold Native Native BASE24 BASE24 ®® PRM PRM Enterprise Enterprise Debit Diebold Diebold ATMs ATMs Debit Debit PIN PIN Deployed Deployed Debit CMM CMM (Inhouse) (Inhouse) PIN P
Slide 42: Return on Investment - 5 year potential ROI
Return on Investment - 5 year potential ROI Cost Avoidance – In-sourcing $105M • Connect directly to Visa and perform signature debit settlement in-house • In-source signature debit fraud on to existing PRM solution • Combine signature and PIN at card level to improve detection for both channels Imp
Slide 43: Summary of Key Benefits to Customer
Summary of Key Benefits to Customer • Reduce overall costs due to the elimination of redundant silos for payments and fraud • Improve time to market for new products and services leveraging next-generation payment technologies • Improve revenue opportunities through the provision of fee-based servic
Slide 44: Example - Global Card Issuer
Example 2 - Global Card Issuer
Slide 45: Discovery & Account Profile
Discovery & Account Profile ACI Product Assets - highlighting what customer has licensed from ACI and what is of interest Retail Payments Solutions Wholesale Payments Solutions ENTERPRISE PAYMENTS CARD MNGMT & SETTLMENT ENTERPRISE PAYMENTS ONLINE BANKING • BASE24 • ACI Money Transfer System • ACI En
Slide 46: Discovery & Account Profile - Customer Assets
Discovery & Account Profile Customer Assets - ACI and non-ACI solutions in use UK TSYS, First Data UK Outsourced Falcon - FICO Fraud - aiCorp UK Pega – BASE24–atm PegaSystems BASE24-pos HP NonStop ACI UAE USA TSYS Prime Provider A TSYS Online EUROPE & Africa TSYS FraudGuard Euronet - Outsourced EURO
Slide 47: Strawman/Strategy
Strawman/Strategy ACI Global Payment Solutions Strategy CHANNELS CHANNELS RETAIL PAYMENTS CORE CORE SYSTEMS SYSTEMS NETWORKS NETWORKS OPERATIONS & FINANCIAL CRIME MANAGEMENT OPERATIONS & INFRASTRUCTURE INFRASTRUCTURE WHOLESALE PAYMENTS CHANNELS CHANNELS CORE CORE SYSTEMS SYSTEMS 47
Slide 48: Strawman/Strategy - Proposed End State
Strawman/Strategy Proposed End State using ACI Solutions UK BASE24 eps–atm BASE24-eps pos HP NonStop ACI UK ACI PRM Enterprise Fraud Debit, Credit, USA Online, Wholesale Provider A Payments Europe ACI Issuer & ACI Interchange Card Management & Settlement ACI Outsourced Vendor 48
Slide 49: Return on Investment - 5 year potential ROI
Return on Investment - 5 year potential ROI Eliminate cost of redundant card issuing & authorization systems $380M • Consolidate 15 systems including in-house card issuing & management systems and authorization systems • Eliminate outsourcing costs from 2 platforms Implement Enterprise-Level Fraud D
Slide 50: Summary of Key Benefits to Customer
Summary of Key Benefits to Customer • Reduce overall costs due to the elimination of redundant silos for card issuing & management • Increase fraud detection rates by adding real time & protecting currently unprotected channels • Use single customer view to identify more cross-sell opportunities for
Slide 51: Recent Key Wins
Recent Key Wins Large Global Processor Leading Asia-Pacific FI • Global Enterprise License • Largest Asia Pacific deal for ACI • BASE24-eps®, BASE24®, PRM &Tools • BASE24-eps®, SDK, Asset & Golden Gate • Consolidates many one-off legacy • Consolidates global authorization agreements into one systems
Slide 52: Closing
MCI payment systems Closing
Slide 53: Closing
Closing • Continue to see good market opportunity in all geographies • Increase focus on cross-sell and senior-level contacts • Continue to strengthen the organization & drive best practices 53
Slide 54: Application P&L
Application P&L Louis Blatt, Ph.D. Chief Product Officer
Slide 55: Application P&L – Revenue
Application P&L – Revenue What does Application include? • Revenue recognized from License and Capacity Fees • Expenses related to defining, developing, launching and selling products and solutions 55
Slide 56: Strategy
Strategy The leading provider of a unified solution that initiates, manages, secures and operates payments to maximize the total economic impact for our customers. Evolution to remove redundancies of processes and applications… • Phase 1: Offer the industry’s leading breadth of products on a unified
Slide 57: Online Business Banking
Online Business Banking Web, mobile channel to bank business customers for payments, reporting, cash management Offerings: Enterprise Banker, Global Banker Market Size: $407M Market Drivers • Reliance on online channels for daily interaction between bank and businesses • Enablement through technolog
Slide 58: Retail Payment Engines
Retail Payment Engines Mission critical transaction processing for issuing, acquiring and switching needs Offerings: BASE24-eps®, BASE24® Market Size: $2.5B Market Drivers • Movement from cash to electronic payment • Regional economic and population growth • Government regulation • Consolidation and
Slide 59: Back Office
Back Office Card issuer, merchant acquirer end-to-end solutions, including settlement and reconciliation Offerings: ACI Issuer, ACI Acquirer, Market Size: $3.3B ACI Interchange, ACI Token Management Market Drivers • Movement from cash to electronic payment • Regional economic and population growth •
Slide 60: Moneris Solutions saved over $10M per year
Customer Success Story Moneris Solutions saved over $10M per year 60
Slide 61: Wholesale Transaction Banking
Wholesale Transaction Banking High-volume, mission-critical payments handling and message switching Offerings: Money Transfer System Market Size: $459M Market Drivers • SEPA • ACH and bulk payment • ISO 20022 adoption • Regulation ACI Value Proposition and Differentiators • Robust redundant architec
Slide 62: Financial Crime Management
Financial Crime Management Prevention, detection and resolution of financial crime in payments Offerings: Proactive Risk Manager, ACI Case Manager Market Size: $347M Market Drivers • Frequency and sophistication of financial crime • Pressure on financial institutions to reduce losses from fraud • En
Slide 63: Counterfeit fraud drops 62% for BNZ
Customer Success Story Counterfeit fraud drops 62% for BNZ 63
Slide 64: Operate
Operate Solutions for testing and monitoring payment applications, and delivering data between systems Offerings: ACI Communication Services, ASSET, Payment Service Management Market Size: $193M Market Drivers • Migration to open standards • Demand for integrated payment platforms and simplified inf
Slide 65: Application P&L – Profitability Drivers
Application P&L – Profitability Drivers Quality & Innovation Cross-sell Pricing Productivity Usability Integration Requirements Loyalty Pricing User research to Interoperability of Lockdown earlier in Reward for multiple improve interfaces, payment solutions project lifecycle product licensing docum
Slide 66: Maintenance P&L
Maintenance P&L Carolyn Homberger Vice President, Programs & Initiatives
Slide 67: Maintenance P&L – Revenue
Maintenance P&L – Revenue What is the Maintenance P&L? • Revenue recognized from Product Support Fees • Cost of Product Defects found in Generally Available Software (i.e. Production Cases) • Cost of Updates to ACI Software as mandated by Card Associations, Regulatory Agencies, etc. 160.0 Maintenanc
Slide 68: Maintenance P&L – Profitability Drivers
Maintenance P&L – Profitability Drivers Pricing Cust. Retention Improve Quality Drive Productivity Sunset Mgmt. Attrition Mgmt. Test Automation Operational Metrics BASE24® Sunset Customer Loyalty Prgms Unit & Integration Testing Case Backlog Version Sunset Mgmt. Customer Sat. Metrics Automation Case
Slide 69: Maintenance P&L – Sunset Management
Maintenance P&L – Sunset Management 2012 Estimate Incremental Maintenance Revenue $8M Key Assumptions: • Account Level Migration Analysis • BASE24eps® Product Functionality Availability • Contractual Terms - Sunset Uplift as permitted by Customer Contracts - Commitment to BASE24eps® Migration (i.e.
Slide 70: Maintenance P&L – Customer Retention
Maintenance P&L – Customer Retention Objectives of Customer Retention: • To drive an increase in Customer Loyalty • To drive an increase in the cross-sell, renewal, and recommendation of ACI's products Customer Loyalty Drivers: • Cares About Customers • Effective at Meeting Customer Needs • Willingn
Slide 71: Maintenance P&L – Summary
Maintenance P&L – Summary ACI has a Maintenance Pricing Philosophy Pricing & we maintain our discipline through: • Metrics • Exception management ACI has put the foundation in place to better capitalize Sunset Mgmt. on Sunset Programs for: • Products (i.e. BASE24®) • Versions ACI is constantly revie
Slide 72: ACI On Demand (AOD) P&L
ACI On Demand (AOD) P&L Carolyn Homberger Vice President, Programs & Initiatives
Slide 73: AOD P&L – Revenue
AOD P&L – Revenue What is ACI On Demand? •ACI products run in a shared or managed services hosted environment •Revenue driven from usage fees •Broadens addressable market ; takes advantage of market movement toward outsourcing •Provides rapid time to market for customers Comments: • Revenue recogniz
Slide 74: AOD P&L – Products
AOD P&L – Products All ACI Products available On Demand based on Mkt. Demand … EXISTING TODAY Enterprise Banker Proactive Risk Manager Enterprise Banker & PRM (Coming soon!) MTS Retail Commerce Server ASX, OFX & CMS BASE24® Payments Manager 74
Slide 75: ACI On Demand Customers
ACI On Demand Customers • ACI On Demand (AOD) business growing Sample Customers rapidly • Enterprise Banker AOD customers on platform grew 51% in 2010 - 210,000+ customers and 320,000+ users • Retail Commerce Server AOD revenue and transactions processed both up more than 50% in 2010 • Proactive Ris
Slide 76: AOD P&L – Profitability Drivers
AOD P&L – Profitability Drivers Drive Volume Time to Value Productivity Usage Rates Customer Boarding Operational Metrics Customers can be live Availability Cross Sell within months – rapid File Load Processing revenue stream for Expand use of current FI/Retailers and ACI products – additional modul
Slide 77: AOD P&L – Customer Value Proposition
AOD P&L – Customer Value Proposition Customer Business Drivers New Revenue IT Costs Compliance Opportunities ACI Value Proposition •Expertise – Product & Operations •Rapid time to market •ACI Manages the system - > 120 resources globally •System availability and application performance assured via S
Slide 78: AOD P&L – ACI's Positioning
AOD P&L – ACI’s Positioning Global Global Leader Leader in in payments payments software software ACI’s ACI’s Market Market reputation reputation for for delivering delivering proven proven solutions solutions On On Demand Demand is is one one of of several several deployment deployment options opti
Slide 79: AOD P&L – Summary
AOD P&L – Summary ACI has successfully run an On Demand Proven Business business for > 10 years Model • Continued growth • Strong Customer Loyalty Market interest in On Demand continues to grow Market Oppty is Strong • ACI well positioned • Excellent product breadth offered On Demand at ACI On Deman
Slide 80: Services P&L
Services P&L Ralph Dangelmaier President, Global Markets & Services
Slide 81: Services – Revenue
Services – Revenue What are the ACI Services offered? •Business & Operations Consulting Services Mission: To profitably implement •Implementation Services ACI solutions and provide on-going Payments consulting services satisfying •Technical Consulting (ESP) clients business needs. 100.0 Services Rev
Slide 82: Services P&L – Profitability Drivers
Services P&L – Profitability Drivers Services Rates Utilization Process Margin Global Consistency % of Time on Consistent Focus on Customer Projects Reporting & Profitability Operations Market Rates 30%- 50% increase 12-15% increase 50% increase Negative Depending on the 2008 to 2010 In Best Practic
Slide 83: Services P&L – Profitability Drivers
Services P&L – Profitability Drivers Global Global Services Services Best Best Practices Practices 1 2 3 Consistent Client Professional Services Consistent Reporting Experience Discipline & Operations Ensure continually improving Facilitate continued skill growth Ensure global consistency in service
Slide 84: Services P&L – Summary
Services P&L – Summary ACI has a multi year Services plan to drive: Multi Year • Margin Improvement Plan • Global Consistency • Improved customer satisfaction ACI Services has a competitive advantage in the market: • Payments Experience Competitive Advantage • Business Consulting helps clients expan
Slide 85: Customer Discussion
MCI payment systems Customer Discussion > THE BANK OF NEW YORK MELLON
Slide 86: Agenda
Agenda 1. Introduction & BNY Mellon overview 2. Objectives 3. BNY Mellon profile and assets 4. BNY Mellon strategy overview 5. Benefits/ROI Summary 86
Slide 87: Introduction & BNY Mellon Overview
Introduction & BNY Mellon Overview Our Company • US$24.4 trillion in assets under custody and administration • US$1.14 trillion in assets under management • Service US$12 trillion in outstanding debt • Process an average of US$1.6 trillion in global payments daily • Worldwide staff of 47,700 • Locat
Slide 88: BNY Mellon Objectives - FNI Program
BNY Mellon Objectives - FNI Program Implement a centralized financial messaging hub consolidating older applications in to a central service • Provide industry leading up-time, throughput & resiliency • Lower per unit messaging cost by 90%+ • Position BNY Mellon to rapidly respond to new market init
Slide 89: ACI Assets at BNY Mellon
ACI Assets at BNY Mellon MCI payment systems Wholesale Payments Solutions ENTERPRISE PAYMENTS * ACI Money Transfer System TRADE FINANCE *- ACI Global Trade Manager * ACI Open Account Manager ONLINE BANKING - ACI Enterprise Banker - ACI Enterprise Enrollments GLOBAL PAYMENTS PROCESSING - ACI MTS: RTG
Slide 90: BNY Mellon Starting Profile
BNY Mellon Starting Profile Legacy Messaging Assets at BNY Mellon BNY’s BNY’s Core BNY’s External Business Processing Messaging Financial Areas Systems Systems Networks FNI Systems targeted for replacement Securities PROFE1 PROFE1 Clearance BDS BDS Fed Fed Securities Securities FED FED Securities Se
Slide 91: BNY Mellon Strategy Overview
BNY Mellon Strategy Overview
Slide 92: BNY Mellon Consolidation Opportunities
BNY Mellon Consolidation Opportunities MIDDLEWARE & FRAUD PAYMENTS PAYMENTS MESSAGING HUB PROCESSING SETTEMENT & MESSAGING In In House House Homegrown Homegrown PROFEI PROFEI Middleware Middleware AML/Fraud AML/Fraud BDS BDS Fed Fed Securities Securities Fed Fed Securities Securities FE FE PROFEI PR
Slide 93: BNY Mellon Current Profile
BNY Mellon Current Profile Existing State BNY’s BNY’s Core BNY’s External Business Processing Messaging Financial Areas Systems Systems Networks PROFE1 PROFE1 Securities BDS BDS FED FED Fed Fed Securities Securities Securities Securities Clearance System System Securities Fed/Funds Fed/Funds Lending
Slide 94: BNY Mellon Ending Profile
BNY Mellon Ending Profile Final State BNY’s BNY’s Core External Business Processing Financial Areas Systems Networks Securities BDS BDS Fed Fed Securities Securities Clearance Securities Fed/Funds Fed/Funds Lending FTS FTS CHIPS CHIPS Funds Transfer FNI FNI ASP, ASP, GSP, GSP, TAS, FTS, TAS, FTS, (M
Slide 95: BNY Mellon Benefits/ROI Summary
BNY Mellon Benefits/ROI Summary 95
Slide 96: Non-GAAP Financial Measures
Non-GAAP Financial Measures ACI is presenting operating free cash flow, which is defined as net cash provided (used) by operating activities, less net after-tax payments associated with employee related activities, net after-tax payments associated with IBM IT outsourcing transition and severance, a
Slide 97: Non-GAAP Financial Measures
Non-GAAP Financial Measures ACI also includes backlog estimates which are all software license fees, maintenance fees and services specified in executed contracts, as well as revenues from assumed contract renewals to the extent that we believe recognition of the related revenue will occur within th
Slide 98: Non-GAAP Financial Measures
Non-GAAP Financial Measures Estimates of future financial results are inherently unreliable. Our backlog estimates require substantial judgment and are based on a number of assumptions as described above. These assumptions may turn out to be inaccurate or wrong, including for reasons outside of mana
Slide 99: 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
Slide 100: Forward-Looking Statements
Forward-Looking Statements •Expectations and assumptions related to any key benefits received by our customers resulting from the implementation of our products, including (i) potential return on investment, (ii) reduction of overall costs due to elimination of redundant silos, (iii) improved time t
Slide 101: trusted globally
MCI payment systems trusted globally