Fair Isaac Corporation · NYSE:FICO
Fair Isaac — Investor Presentation (February 2024)
14 slides from Fair Isaac's investor presentation, February 2024
Slide 1: © 2022 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only
© 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. © 2022 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be repro
Slide 2: Forward-looking statements
Some of the statements made by us during this meeting, including statements concerning our expectations about future operations and financial results, are forward-looking statements within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forw
Slide 3: FY2022 FY2023 FY2022
FY2022 FY2023 FY2022 FY2023 Q1'23 Q1'24 ~ © 2023 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 4: Customer Domains and FICO Platform
Customer Domains Customer Fraud Protection Decision Development & Compliance Management Credit Risk Scoring Acquisition, Origination Payments Fraud, Cybersecurity Analytics, Decisions & Growth & Compliance & Optimization Analytics-driven customer Leading payment card fraud Comprehensive platform for
Slide 5: © 2023 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only
® © 2023 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 6: © 2023 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only
© 2023 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 7: © 2023 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only
© 2023 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 8: Robust cash flow profile and conservative financial policy
• Consistent and increasing cash flow generation • Deeply embedded software and technology solutions with significant innovations that deliver profitable, growing, recurring revenue Robust Cash Flow Profile & Balance Sheet • Focused software restructuring and divestitures to focus on highest margin,
Slide 9: Annual Recurring Revenue (ARR)
March 31, June 30, September 30, December 31, March 31, June 30, September 30, December 31, 2022 2022 2022 2022 2023 2023 2023 2023 (In millions) ARR Platform $ 95.4 $ 107.2 $ 113.1 $ 132.8 $ 152.5 $ 164.1 $ 173.2 $ 190.3 Non-Platform 430.6 432.3 437.0 450.1 461.0 481.8 496.2 497.4 Total $ 526.0 $ 5
Slide 10: Dollar-Based Net Retention Rate and ACV Bookings
Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 DBNRR Platform 144% 137% 129% 130% 146% 142% 145% 136% Non-Platform 102% 101% 101% 103% 105% 109% 111% 108% Total 109% 109% 109% 110% 114% 117% 120% 114% Dollar-Based Net Retention Rate (DBNRR) for any period is calculated by comparing the ARR at the e
Slide 11: Adj. EBITDA and Free Cash Flow
Adj. EBITDA Free Cash Flow $240 $200 $160 $120 $214.7 $192.1 $201.0 $188.5 $173.0 $80 $163.0 $121.8 $120.8 $40 $88.3 $91.6 $0 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 © 2023 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced or shared without Fai
Slide 12: Balance sheet
(In millions) Q1-23 Q4-23 Q1-24 YoY Var QoQ Var ASSETS Cash & Investments $ 167.4 $ 171.0 $ 198.6 19% 16% Accounts Receivable & Other Current Assets 344.0 419.7 404.9 18% -4% Goodwill & Intangibles, net 773.2 774.2 777.8 1% 0% Other 174.1 210.4 212.2 22% 1% Total Assets $ 1,458.7 $ 1,575.3 $ 1,593.5
Slide 13: © 2023 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only
© 2023 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 14: Fiscal 2023 results summary
Revenues – $1.675 billion GAAP Net Income – $490 million GAAP Earnings per Share – $19.45 Non-GAAP Net Income – $566 million Non-GAAP Earnings per Share – $22.45 © 2023 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced or shared witho