Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Q2 2017 Earnings Presentation
20 slides from Aci Worldwide's earnings presentation, Jul 27, 2017
Slide 1: Quarterly results
July 27, 2017 June 30, 2017 Quarterly results ACI Worldwide Exhibit 99.2
Slide 2: 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 of the Private Securities Litigation Reform Act of 1995. A discussion of these forward-look
Slide 3: Quarter in Review
Phil Heasley Chief Executive Officer Quarter in Review
Slide 4: Q2 2017 in Review
New Bookings up 11% Revenue up 10% Adjusted EBITDA up 105% Large Universal Payments opportunities moving through pipeline Reiterating guidance Q2 2017 in Review
Slide 5: Financial Review
Confidential Scott Behrens Chief Financial Officer Financial Review
Slide 6: Key Takeaways from the Quarter
*Numbers adjusted for FX Bookings Total bookings up 6% and New Bookings up 11% We continue to expect full year new bookings growth to be in the high single digits Backlog 12-month backlog of $838 million, up $18 million from Q1 2017 60-month backlog of $4.1 billion, up $24 million from Q1 2017 Reven
Slide 7: Reiterating 2017 Guidance
Guidance New bookings growth expected to be in the upper single digits Revenue and Adjusted EBITDA phasing by quarter consistent with seasonal history Guidance excludes approximately $14 million in one-time integration related expenses for PAY.ON, the CFS divestiture and data center and facilities c
Slide 8: Appendix
Appendix
Slide 9: Monthly Recurring Revenue
Monthly Recurring Revenue Quarter Ended Recurring Revenue (millions) June 30, Monthly SaaS and platform fees 113.5 $ 102.3 Maintenance fees 56.0 60.3 Monthly license fees 19.5 18.3 Recurring Revenue 189.0 $ 180.9} iNew PAYMENTS:
Slide 10: Historic Bookings By Quarter
Confidential Historic Bookings By Quarter New Accounts / New Applications 3/31/2015 $210,200 $38,555 $72,977 $98,668 18% 35% 47% 6/30/2015 $291,657 $32,919 $144,054 $114,683 11% 49% 39% 9/30/2015 $294,270 $22,916 $143,933 $127,420 8% 49% 43% 12/31/2015 $443,547 $173,206 $124,224 $146,118 39% 28% 33%
Slide 11: Adjusted EBITDA
Adjusted EBITDA Quarter Ended Adjusted EBITDA (millions) June 30, 2017 2016 Net loss ($29.8) ($16.5)} Plus: Income tax benefit (20.9) (17.7) Net interest expense 10.5 Net other expense (income) 18 (2.0) Depreciation expense 63 ition expens 19.3 19.3] Non-cash compensatior 83 13.3] Adjusted EBITDA be
Slide 12: Adjusted Operating Free Cash Flow
Adjusted Operating Free Cash Flow
Slide 13: 60-Month Backlog
60-Month Backlog Quarter Ended Backlog 60-Month (millions) June 30, March 31, 2017 2017 ACI On Premise $1,722 $1,709) ACI On Demand 2,345 2,303} Backlog 60-Month $4,067 $4,012) Deferred Revenue $158 $165 Other 3,909 3,847) Backlog 60-Month $4,067 $4, 012] WAC bivsiens:
Slide 14: EPS Impact of Non-Cash and Significant Transaction Related Items
EPS Impact of Non-Cash and Significant Transaction Related Items
Slide 15: 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
Slide 16: 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 compensation, that we believe a
Slide 17: Non-GAAP Financial Measures
Non-GAAP Financial Measures ACI is also presenting adjusted operating free cash flow, which is defined as net cash provided by operating activities, plus net after-tax payments associated with employee-related actions and facility closures, plus net after-tax payments associated with significant tra
Slide 18: Backlog non-GAAP definition and assumptions
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 license term for those contracts in
Slide 19: 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 “believes,” “will,” “expects,” “a
Slide 20: Forward-looking statements risk factors
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 success of our Universal Payments strategy, demand for our produc