Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Q4 2023 Earnings Presentation
14 slides from Aci Worldwide's earnings presentation, Feb 29, 2024
Slide 1: Earnings Presentation Q4 2023
Earnings Presentation Q4 2023 February 29, 2024
Slide 2: Private Securities Litigation Reform Act of 1995 Safe Harbor
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. 2
Slide 3: ACI Delivers Mission-Critical Payment Solutions
ACI Delivers Mission-Critical Payment Solutions ACI Worldwide is a global leader in mission-critical, real-time payments software. 3
Slide 4: Q4 2023 Highlights
Q4 2023 Highlights Consolidated Results Segment Results Balance Sheet 4
Slide 5: Full Year 2023 Highlights
Full Year 2023 Highlights Consolidated Results Segment Results Other 5
Slide 6: Financial Guidance
Financial Guidance 2024 Guidance Range 2023 Actual Low High Revenue 1,453 1,547 1,576 Adjusted EBITDA 395 418 428 $'s in millions • Q1 2024 revenue expected to be between $300 million and $310 million and adjusted EBITDA to be between $25 million and $35 million 6
Slide 7: Additional Guidance Metrics
Additional Guidance Metrics • Interest expense, net expected to approximate $60 - $65 million • Depreciation and amortization expected to approximate $115 - $120 million • Non-cash compensation expense expected to approximate $30 - $35 million • Effective tax rate expected to approximate 25% • Dilut
Slide 8: Supplemental Financial Data
Supplemental Financial Data Three Months Ended December 31, Years Ended December 31, Recurring Revenue (millions) 2023 2022 2023 2022 SaaS and PaaS fees $ 223.2 $ 205.8 $ 849.1 $ 802.9 Maintenance fees 51.6 48.9 205.1 200.0 Recurring Revenue $ 274.8 $ 254.7 $ 1,054.2 $ 1,002.9 8
Slide 9: Supplemental Financial Data
Supplemental Financial Data Three Months Ended December 31, Years Ended December 31, Adjusted EBITDA (millions) 2023 2022 2023 2022 Net income (loss) $ 122.6 $ 90.2 $ 121.5 $ 142.2 Plus: Income tax expense (benefit) 31.5 42.8 26.1 64.5 Net interest expense 16.1 12.8 64.3 40.6 Net other (income) expe
Slide 10: Supplemental Financial Data
Supplemental Financial Data Three Months Ended December 31, Years Ended December 31, Segment Information (millions) 2023 2022 2023 2022 Revenue Banks $ 254.9 $ 247.0 $ 616.1 $ 638.6 Merchants 43.0 40.8 150.6 153.9 Billers 178.7 164.0 685.9 629.4 Total Revenue $ 476.6 $ 451.8 $ 1,452.6 $ 1,421.9 Recu
Slide 11: Supplemental Financial Data
Supplemental Financial Data EPS Impact of Non-cash and Significant Transaction-related Items (millions) Three Months Ended December 31, 2023 2022 $ in Millions $ in Millions EPS Impact (Net of Tax) EPS Impact (Net of Tax) GAAP net income (loss) $ 1.12 $ 122.6 $ 0.81 $ 90.2 Adjusted for: Significant
Slide 12: 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 13: 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 “beli
Slide 14: ACI Worldwide Real-Time Payments
MCI Worldwide Real-Time Payments