Ss&c Technologies Holdings, Inc. · NASDAQ:SSNC
Ss&c Technologies — Q4 2020 Earnings Presentation
19 slides from Ss&c Technologies's earnings presentation, Feb 10, 2021
Slide 1: Q4 and Full Year 2020 Earnings Results
SS&C Technologies (NASDAQ:SSNC) Q4 and Full Year 2020 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: SS&C's Response to the COVID-19 Pandemic
SS&C’s Response to the COVID-19 Pandemic 3 Maintaining Business Continuity, Operational capabilities, and Employee Safety Supporting our Clients through this unprecedented time We have instituted safety measures including work from home, work rotations for essential functions and closing of location
Slide 4: Q4 2020 financial highlights
Q4 2020 financial highlights 4 Note: See appendix for reconciliation of non-GAAP financial measures
Slide 5: Debt review and capital allocation
Operating cash flow was $1,184.7 M for the twelve months ended December 31, 2020 Debt Net leverage ratio is 3.39x LTM consolidated EBITDA, secured net leverage ratio is 2.31x LTM consolidated EBITDA of $1,856.3 M Shareholder Returns Repurchased 3.7 million shares of common stock in 2020 at an averag
Slide 6: Organic Growth Calculations 2020
6 Organic Growth Calculations 2020 1Adjustments include $1.3 M for out-of-pocket expense reimbursements, and $15.0 M for DST clients that terminated pre-acquisition. 2Adjustments include $5.7 M for out-of-pocket expense reimbursements, and $11.2 M for DST clients that terminated pre-acquisition. 3Ad
Slide 7: Adjusted revenue and margins
Adjusted revenue and margins 7 Adjusted revenue ($M) Adjusted consolidated EBITDA margin (%) Note: See appendix for reconciliation of non-GAAP financial measures
Slide 8: Revenue retention rates
8 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 9: Adjusted net income and adjusted diluted EPS
Adjusted net income and adjusted diluted EPS 9 Adjusted net income ($M) Adjusted diluted EPS Note: See appendix for reconciliation of non-GAAP financial measures
Slide 10: Alternative Assets under Administration ($B)
Alternative Assets under Administration ($B) 10
Slide 11: Guidance
Incremental expenses are managed Reduced hiring Marketing reductions Travel and expense remains low for 2021 Interest rates stay at current levels Revenue retention remains consistent with historical levels, 95.0% - 96.0% Some reopening and return to work in 2nd half of 2021 Expect customer appetite
Slide 12: Appendix: Disclosures relating to non-GAAP financial measures
12 Appendix Disclosures relating to non-GAAP financial measures
Slide 13: 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 14: 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 15: Reconciliation of net income to EBITDA, consolidated 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 16: Reconciliation of net income to EBITDA, consolidated 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 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 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 18: 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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