Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Q2 2015 Earnings Presentation
24 slides from Aci Worldwide's earnings presentation, Jul 30, 2015
Slide 1: Quarterly Results June 30, 2015
Quarterly Results June 30, 2015 Exhibit 99.2 ACI Worldwide July 30, 2015
Slide 2: Safe Harbor For Forward-Looking Statements
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 provisions
Slide 3: Quarterly Overview
QUARTERLY OVERVIEW Phil Heasley Chief Executive Officer
Slide 4: Q2 2015 in Review
Q2 2015 in Review • Net new bookings up 18% • Large customer commitment to UP • Entered new mortgage processing vertical • Signed important renewals, including IRS • Linux-based BASE24 eps launch by year end • Reiterating 2015 guidance
Slide 5: Financial Review
FINANCIAL REVIEW Scott Behrens Chief Financial Officer
Slide 6: Key Takeaways from the Quarter
Key Takeaways from the Quarter • Sales Bookings Q2 new sales bookings up 18% from Q2 2014, up 9% excluding impact of ReD acquisition Full year SNET growth tracking to high single digits • Backlog 12-month backlog of $883 million, down $11 million from Q1 2015, after adjusting for fx fluctuations 60-
Slide 7: AAC binenrs
AAC binenrs
Slide 8: UNIVERSAL
UNIVERSAL NAC PAYMENTS
Slide 9: Monthly Recurring Revenue
Monthly Recurring Revenue Monthly Recurring Revenue (millions) Monthly Software license fees $18.6 $23.0 Maintenance fees 60.1 62.3 Processing services 115.4 105.6 Monthly Recurring Revenue $190.9 Quarter Ended June 30, $194.1
Slide 10: AACI binenrs
__t AACI binenrs
Slide 11: ACI pivienrs
ACI pivienrs
Slide 12: Non-GAAP Operating Income
Non-GAAP Operating Income Non-GAAP Operating Income (millions) Operating income $23.7 $26.7 Plus: Deferred revenue fair value adjustment 0.2 0.5 Employee related actions 1.4 1.4 Significant transaction related expenses 3.4 2.1 Non-GAAP Operating Income $ 28.7 $ 30.7 June 30, Quarter Ended
Slide 13: Adjusted EBITDA (millions)
Adjusted EBITDA (millions) Net Income $27.1 $11.2 Plus: Income tax expense 5.8 2.4 Net interest expense 10.4 9.2 Net other expense (income) (19.7) 3.9 Depreciation expense 5.3 5.2 Amortization expense 18.3 15.3 Non-cash compensation expense 5.4 4.4 Adjusted EBITDA $52.6 $51.6 Deferred revenue fair v
Slide 14: Operating Free Cash Flow
Operating Free Cash Flow * Tax effected at 35% Reconciliation of Operating Free Cash Flow (millions) Net cash provided by operating activities $0.8 $33.1 Payments associated with acquired opening balance sheet liabilties - 0.3 Net after-tax payments associated with employee-related actions 0.4 0.9 N
Slide 15: 60-Month Backlog
60-Month Backlog Quarter Ended Backlog 60-Month (millions) June 30, June 30, Americas $3,013 $2,874 EMEA Asia/Pacific Backlog 60-Month $4,148 $3,924 Deferred Revenue $182 $190 Other 3,966 3,734 Backlog 60-Month $4,148 $3,924
Slide 16: ACI pivienrs
ACI pivienrs
Slide 17: EPS Impact of Non-Cash and Significant Transaction Related Items
EPS Impact of Non-Cash and Significant Transaction Related Items EPS impact of non-cash and signficant transaction related items (millions) EPS Impact $ in Millions (Net of Tax) EPS Impact $ in Millions (Net of Tax) Significant transaction related expenses $ 0.03 $ 3.1 $ 0.02 $ 2.3 Deferred revenue
Slide 18: Contract Duration Metric
Contract Duration Metric • Represents dollar average remaining contract life (in years) for term license software contracts • Excludes perpetual contracts (primarily heritage S1 licensed software contracts) • Excludes all hosted contracts as both cash and revenue are ratable over the contract term 2
Slide 19: 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 certain business combination accounting entries related to the acquisition of Online Resources Corporation and significant transaction relate
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures ACI is also presenting operating free cash flow, which is defined as net cash provided by operating activities, plus payments associated with acquired opening balance sheet liabilities, net after-tax payments associated with employee- related actions and facility closures
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures Backlog is considered a non-GAAP financial measure as defined by SEC Regulation G. Our 60-month backlog estimate represents expected revenues from existing customers using the following key assumptions: • Maintenance fees are assumed to exist for the duration of the licen
Slide 22: 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 “belie
Slide 23: Forward-Looking Statements
Forward-Looking Statements 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 performance of our strategic product, U
Slide 24: UNIVERSAL
UNIVERSAL NAC PAYMENTS