Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — FY2020 Earnings Presentation
16 slides from Aci Worldwide's earnings presentation, Feb 25, 2021
Slide 1: Q4 and FY 2020 Earnings Presentation
Q4 and FY 2020 EARNINGS PRESENTATION ACI WORLDWIDE February 25, 2021 Exhibit 99.2
Slide 2: Safe Harbor for Forward-Looking Statements
2 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 provis
Slide 3: Year in Review
Year in Review Odilon Almeida President and Chief Executive Officer 3
Slide 4: Three Pillar Strategy for the New ACI
Three Pillar Strategy for the New ACI 4 • New strategy implemented and generating results • Cost discipline creating strong margin improvement • Focus on real-time payments, large sophisticated global merchants and fast-growing emerging markets • Plan a thorough strategic review of our business port
Slide 5: Financial Review
Financial Review Scott Behrens Chief Financial Officer 5
Slide 6: Key 2020 Takeaways
• Recurring revenue grew 10% to 76% of total revenue in 2020 versus 71% in 2019 • Net adjusted EBITDA margin of 37%, up from 33% in 2019 6 Key 2020 Takeaways $336M Cash Flow From Operations $359M Adjusted EBITDA +144% 2019 2020 17% 2019 2020 3% $1.29B Revenue 2019 2020
Slide 7: Margin and Cash Flow Up Materially
Margin and Cash Flow Up Materially • Net adjusted EBITDA margin of 37%, up from 33% in 2019 − ACI On Demand revenue increased 13%, while net adjusted EBITDA margin improved to 34% versus 19% in 2019 − ACI On Premise revenue decreased 9% and adjusted EBITDA margin was 55% flat with 2019 • Cash flow f
Slide 8: Appendix
Appendix ACI Worldwide
Slide 9: Supplemental Financial Data: Adjusted EBITDA
9 Supplemental Financial Data Adjusted EBITDA (millions) Three Months Ended December 31, Years Ended December 31, 2020 2019 2020 2019 Net income $ 67.1 $ 55.5 $ 72.7 $ 67.1 Plus: Income tax expense 24.3 35.2 26.0 5.1 Net interest expense 9.5 15.2 45.0 52.1 Net other (income) expense (5.2) (3.4) 1.1
Slide 10: Segment Information
10 Segment Information (millions) Three Months Ended December 31, Years Ended December 31, 2020 2019 2020 2019 Revenue ACI On Demand $ 205.3 $ 203.7 $ 769.2 $ 679.0 ACI On Premise 181.7 196.2 525.1 579.3 Total $ 387.0 $ 399.9 $ 1,294.3 $ 1,258.3 Interchange ACI On Demand $ 82.5 $ 99.4 $ 334.3 $ 321.
Slide 11: EPS impact of non-cash and significant transaction-related items
11 EPS impact of non-cash and significant transaction-related items Three Months Ended December 31, (millions) 2020 2019 EPS Impact $ in Millions (Net of Tax) EPS Impact $ in Millions (Net of Tax) GAAP net income $ 0.56 $ 67.1 $ 0.47 $ 55.5 Adjusted for: Significant transaction-related expenses 0.12
Slide 12: Bookings, Backlog and Recurring Revenue
12 Three Months Ended December 31, Years Ended December 31, Bookings by Type (millions) 2020 2019 2020 2019 New Account & New Application $ 107.7 $ 65.8 $ 275.4 $ 223.8 Add-on 239.6 138.8 461.6 319.0 Term Extensions 270.8 400.0 757.9 696.4 Total Bookings $ 618.1 $ 604.6 $ 1,494.9 $ 1,239.2 Three Mon
Slide 13: Non-GAAP Financial Measures
13 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 stock- based compensation, that we be
Slide 14: Backlog Estimates and Assumptions
14 ACI also includes backlog estimates, which include all SaaS and PaaS, license, maintenance, and services revenue specified in executed contracts that will be recognized in future periods, as well as revenue from assumed contract renewals to the extent that we believe recognition of the related re
Slide 15: Forward-Looking Statements
15 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,”
Slide 16: Real-Time Payments
Real-Time Payments