Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Q3 2018 Earnings Presentation
19 slides from Aci Worldwide's earnings presentation, Nov 8, 2018
Slide 1: Q3 2018 Quarterly Results
November 8, 2018 Q3 2018 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 2018 in Review
Revenue up 9% Adjusted EBITDA up 28% Total bookings up 37% in Q3 Margin improvement in On Premise and On Demand segments Pipeline remains substantial Raising guidance Q3 2018 in Review
Slide 5: Financial Review
Confidential Scott Behrens Chief Financial Officer Financial Review
Slide 6: Q3 2018 Financial Review: Bookings, Backlog, Revenue, EBITDA
Total bookings up 37% Driven by strong growth in renewal bookings offset by a decrease in new bookings We continue to expect full year new bookings growth to be in the low double digits Backlog 12-month backlog of $827 million, down $7 million over Q2 2018, fx adjusted 60-month backlog of $4.2 billi
Slide 7: Updating 2018 Guidance
Updating 2018 Guidance Raising 2018 guidance under ASC 606. Expect results to be on par with ASC 605 New bookings growth expected to be in the low double digits Operating free cash flow to be in a range of $140 to $155 million 2019 adjusted EBITDA targeted to be in a range of $300 million to $315 mi
Slide 8: Appendix
Appendix
Slide 9: Bookings By Quarter
Bookings By Quarter Bookings Mix by Category. ‘Add-on Business inc. Capacity New Accounts/ | Upgrades & Total Bookings | New Applications| ‘3131/2016 $230,178 $67,680 6/30/2016 $198,174 973072016 $268,949 1231/2016 $596,258 3131/2017 $184,492 6/30/2017 $206,094 9/30/2017 $213,366 12/31/2017 $488,900
Slide 10: Recurring Revenue and Backlog
Recurring Revenue and Backlog
Slide 11: Adjusted EBITDA
Adjusted EBITDA AC UNIVERSAL PAYMENTS. [Adjusted EBITDA (millions) Net income Pus: me tax. oxpence| (benefit) n expense Adjusted EBITDA before significant transaction Sonic transaction related expenses Adjusted EBITDA Quarter Ended September 30, 207 2018 18 2017 ‘As Reported Under Under 606 ASC 605
Slide 12: Adjusted Operating Free Cash Flow
Adjusted Operating Free Cash Flow
Slide 13: EPS Impact of Non-Cash and Significant Transaction-Related Items
EPS Impact of Non-Cash and Significant Transaction-Related Items
Slide 14: Contract Duration
Contract Duration Represents dollar average remaining contract life (in years) for term license software contracts Excludes perpetual contracts (primarily heritage S1 licensed software contracts) Excludes On Demand contracts as both cash and revenue are ratable over the contract term
Slide 15: 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 16: 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 significant transaction-related expenses, less capital expenditures. Adjusted operating free cash flow is co
Slide 17: Backlog Definition and Assumptions
ACI backlog includes estimates for SaaS and PaaS, license, maintenance, and services specified in executed contracts but excluded from contracted revenue that will be recognized in future periods, as well as revenues from assumed contract renewals to the extent that we believe recognition of the rel
Slide 18: 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 19: All of the foregoing forward-looking statements are expressly qualified by the risk factors discussed
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