Fair Isaac Corporation · NYSE:FICO
Fair Isaac — Q4 2024 Earnings Presentation
14 slides from Fair Isaac's earnings presentation, Nov 6, 2024
Slide 1: Fair Isaac Corporation Q4 24 Financial Highlights
Fair Isaac Corporation Q4 24 Financial Highlights September 30, 2024 © 2022 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced or shared without Fair Isaac Corporation’s express consent.
Slide 2: Q4 2024 Financial Highlights
Q4 2024 FINANCIAL HIGHLIGHTS Metric Q4 - 23 Q3 - 24 Q4 - 24 % Q/Q % Y/Y (In millions, except for EPS) Scores Revenues $195.5 $241.4 $249.2 3% 27% Software Revenues $194.2 $206.4 $204.6 -1% 5% Total Revenues $389.7 $447.8 $453.8 1% 16% Software ARR $669.4 $709.6 $721.2 2% 8% Software ACV Bookings $28
Slide 3: Key Operating Results
KEY OPERATING RESULTS ( In m illio n s , e xc e p t fo r EP S) Revenues ACV Bookings $500 $30 $450 $25 $400 $20 $350 $15 $28.0 $300 $433.8 $447.8 $453.8 $27.5 $389.7 $382.1 $10 $22.1 $250 $18.3 $16.8 $200 $5 $150 $0 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Adjusted EBITDA GAAP EPS
Slide 4: Revenue Type Mix
REVENUE TYPE MIX (In millions) $500 $453.8 $447.8 $450 $433.8 Scores $389.7 $400 $382.1 $350 $249.2 $241.4 $236.9 $300 $195.5 Professional $192.1 Services $250 $200 $22.6 $22.9 $25.2 $21.3 $19.7 On-Premises $150 and SaaS Software $100 $183.8 $169.0 $168.7 $177.2 $181.7 $50 $0 Q4-23 Q1-24 Q2-24 Q3-24
Slide 5: Expense Review
EXPENSE REVIEW (In millions) $300 $257.3 $256.5 $238.7 $4.3 $4.0 $250 $230.4 $223.8 $3.7 $4.5 $47.3 $51.5 $2.9 $41.5 Travel & $36.1 $200 $36.9 Entertainment $30.5 $30.9 $27.5 $28.8 $26.1 Materials & $150 Services Equipment, $100 Facilities $175.2 $170.1 $157.9 $162.3 $164.7 $50 Personnel $0 Q4-23 Q1
Slide 6: Scores Highlights
SCORES HIGHLIGHTS Total Scores revenues up 27% vs. Q4 23 B2B revenue up 38% vs. Q4 23 B2C revenue down 1% vs. Q4 23 Mortgage Originations revenues up 95% vs. Q4 23 Auto Originations revenues down 2% vs. Q4 23 Card, Personal Loan and Other Originations revenues down 5% vs. Q4 23 © 2024 Fair Isaac Cor
Slide 7: Software ARR – Excluding Q1-23 Divestiture
SOFTWARE ARR – Excluding Q1 - 23 Divestiture December 31, March 31, June 30, September 30, December 31, March 31, June 30, September 30, 2022 2023 2023 2023 2023 2024 2024 2024 (In millions) ARR Platform $ 132.8 $ 152.5 $ 164.1 $ 173.2 $ 190.3 $ 201.4 $ 215.1 $ 227.0 Non-Platform 450.1 461.0 481.8 4
Slide 8: Software DBNRR – Excluding Q1-23 Divestiture
SOFTWARE DBNRR – Excluding Q1 - 23 Divestiture December 31, March 31, June 30, September 30, December 31, March 31, June 30, September 30, 2022 2023 2023 2023 2023 2024 2024 2024 DBNRR Platform 130% 146% 142% 145% 136% 126% 124% 123% Non-Platform 103% 105% 109% 111% 108% 106% 101% 99% Total 110% 114
Slide 9: Software ACV Bookings - Excluding Q1-23 Divestiture
SOFTWARE ACV BOOKINGS - Excluding Q1 - 23 Divestiture Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 (In millions) Total ACV Bookings $ 21.5 $ 23.3 $ 21.1 $ 28.0 $ 18.3 $ 16.8 $ 27.5 $ 22.1 Annual Contract Value Bookings (ACV Bookings) are the average annualized value of software contracts signed i
Slide 10: Adjusted EBITDA & Free Cash Flow
ADJUSTED EBITDA & FREE CASH FLOW (In millions) Adj. EBITDA Free Cash Flow $250 $200 $150 $236.7 $236.8 $242.2 $219.4 $100 $201.0 $205.7 $163.0 $188.5 $120.8 $50 $61.6 $0 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 © 2024 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only an
Slide 11: Balance Sheet Review
BALANCE SHEET REVIEW (In millions) Q4-23 Q3-24 Q4-24 YoY Var QoQ Var ASSETS Cash & Investments $ 169.8 $ 198.8 $ 196.0 15% -1% Accounts Receivable & Other Current Assets 419.7 475.1 466.7 11% -2% Goodwill & Intangibles, net 774.2 776.8 782.8 1% 1% Other 211.6 258.1 272.4 29% 6% Total Assets $ 1,575.
Slide 12: Segment Profitability
SEGMENT PROFITABILITY Year Ended September 30, 2023 Year Ended September 30, 2024 Unallocated Unallocated Corporate Corporate Scores Software Expenses Total Scores Software Expenses Total (In thousands) (In thousands) Segment revenues: Segment revenues: On-premises and SaaS software $ — $ 640,182 $
Slide 13: FY2025 Guidance
FY2025 GUIDANCE Revenues – $1.98 billion GAAP Net Income – $624 million GAAP Earnings per Share – $25.05 Non-GAAP Net Income – $712 million Non-GAAP Earnings per Share – $28.58 © 2024 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced
Slide 14: Fair Isaac Corporation Q4 Financial Highlights
Fair Isaac Corporation Q4 24 Financial Highlights September 30, 2024 © 2022 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced or shared without Fair Isaac Corporation’s express consent. © 2024 Fair Isaac Corporation. Confidential. Thi