Ss&c Technologies Holdings, Inc. · NASDAQ:SSNC
Ss&c Technologies — Q3 2020 Earnings Presentation
20 slides from Ss&c Technologies's earnings presentation, Oct 28, 2020
Slide 1: SS&C Technologies (NASDAQ:SSNC) Q3 2020 Earnings Results
SS&C Technologies (NASDAQ:SSNC) Q3 2020 Earnings Results
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements, as defined by federal and state securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans,
Slide 3: SS&C's Response to the COVID-19 Pandemic
SS&C’s Response to the COVID-19 Pandemic Maintaining Business Continuity, Operational capabilities, and Employee Safety Supporting our Clients through this unprecedented time We have instituted safety measures including work from home, work rotations for essential functions and closing of locations
Slide 4: COVID-19 Scenario Analysis Assumptions
COVID-19 Scenario Analysis Assumptions Economic Decline (Late 2021 Recovery) Baseline (Mid 2021 Recovery) Infection rate stabilizes and improves from this point starting in Q4 Continued return to work with 50% of workforce expected back by end of Q1 2021 Vaccine approved in Q4 and distribution begin
Slide 5: FY 2020 COVID-19 Scenario Analysis Update
FY 2020 COVID-19 Scenario Analysis Update Metric Economic Decline (Late 2021 Recovery) Baseline (Mid 2021 Recovery) Economic Improvement (Early 2021 Recovery) Adjusted Revenues ($M) $4,600.0 $4,625.0 $4,650.0 Adjusted Net Income ($M) $1,110.0 $1,120.0 $1,130.0 Diluted Shares Outstanding (M) 265.5 26
Slide 6: Q3 2020 financial highlights
Q3 2020 financial highlights Metric Q3 2020 Q3 2019 $ +/- % +/- Adjusted Revenues ($M) $1,156.2 $1,150.8 $5.4 0.5% Adjusted Operating Income ($M) $448.8 $425.6 $23.2 5.5% Adjusted Consolidated EBITDA ($M) $466.3 $445.8 $20.5 4.6% Adjusted Net Income ($M) $294.2 $245.3 $48.9 19.9% Adjusted Diluted Ea
Slide 7: Debt review and capital allocation
Operating cash flow was $755.1 M for the nine months ended September 30, 2020 Debt Net leverage ratio is 3.58x LTM consolidated EBITDA, secured net leverage ratio is 2.52x LTM consolidated EBITDA of $1,876.7 M Shareholder Returns Repurchased 3.1 M shares of common stock in Q3 2020, at an average pri
Slide 8: Organic Growth Calculations 2020
Organic Growth Calculations 2020 1Adjustments include $1.3 M for out-of-pocket expense reimbursements, and $15.0 M for DST clients that terminated pre-acquisition. 2Adjustments include $5.7 M for out-of-pocket expense reimbursements, and $11.2 M for DST clients that terminated pre-acquisition. 3Adju
Slide 9: Adjusted revenue and margins
Adjusted revenue and margins Adjusted revenue ($M) Adjusted consolidated EBITDA margin (%) Note: See appendix for reconciliation of non-GAAP financial measures
Slide 10: Revenue retention rates
Quarterly retention rate is based on a rolling prior twelve months. Yearly retention is the average of four quarters. Acquisitions are not included in retention rate calculation until one year post-acquisition. Revenue retention rates
Slide 11: Adjusted net income and adjusted diluted EPS
Adjusted net income and adjusted diluted EPS Adjusted net income ($M) Adjusted diluted EPS Note: See appendix for reconciliation of non-GAAP financial measures
Slide 12: Alternative Assets under Administration ($B)
Alternative Assets under Administration ($B)
Slide 13: Appendix: Disclosures relating to non-GAAP financial measures
Appendix Disclosures relating to non-GAAP financial measures
Slide 14: Reconciliation of revenues to adjusted revenues
Reconciliation of revenues to adjusted revenues Adjusted revenues represents revenues adjusted to include a) amounts that would have been recognized if deferred revenue were not adjusted to fair value at the date of acquisition and b) amounts that would have been recognized if not for adjustments to
Slide 15: Reconciliation of operating income to adjusted operating income
Reconciliation of operating income to adjusted operating income Adjusted operating income represents operating income adjusted for amortization of intangible assets, stock-based compensation, purchase accounting adjustments for deferred revenue and related costs, ASC 606 adoption impact and other ex
Slide 16: Reconciliation of net income to EBITDA, consolidated EBITDA and adjusted consolidated EBITDA
Reconciliation of net income to EBITDA, consolidated EBITDA and adjusted consolidated EBITDA EBITDA represents net income before interest expense, income taxes, depreciation and amortization. Consolidated EBITDA, defined under our Credit Agreement entered into in April 2018, as amended, is used in c
Slide 17: Reconciliation of net income to EBITDA, consolidated EBITDA and adjusted consolidated EBITDA
Reconciliation of net income to EBITDA, consolidated EBITDA and adjusted consolidated EBITDA Acquired EBITDA reflects the EBITDA impact of significant businesses that were acquired during the period as if the acquisition occurred at the beginning of the period, as well as cost savings enacted in con
Slide 18: Reconciliation of net income to adjusted net income and adjusted diluted EPS
Reconciliation of net income to adjusted net income and diluted earnings per share to adjusted diluted earnings per share Adjusted net income and adjusted diluted earnings per share represent net income and earnings per share before amortization of intangible assets and deferred financing costs, sto
Slide 19: Reconciliation of net income to adjusted net income and adjusted diluted EPS
Reconciliation of net income to adjusted net income and diluted earnings per share to adjusted diluted earnings per share Purchase accounting adjustments include (a) an adjustment to increase revenues by the amount that would have been recognized if deferred revenue were not adjusted to fair value a
Slide 20: SS&C Smart People Superb Technology
SS&C Technologies Holdings — Q3 2020 Earnings Presentation on 6ix