Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Q1 2018 Earnings Presentation
19 slides from Aci Worldwide's earnings presentation, May 10, 2018
Slide 1: Q1 2018 Quarterly results
May 10, 2018 Q1 2018 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: Q1 2018 in Review
New bookings up 142% over Q1 2017 Strong performance across all ACI solutions 60-month backlog up $98 million over Q4 2017, fx adjusted Progress towards revenue and margin targets Reiterating guidance Q1 2018 in Review
Slide 5: Financial Review
Confidential Scott Behrens Chief Financial Officer Financial Review
Slide 6: Key Takeaways from the Quarter
*Comparisons presented on a constant GAAP basis (ASC 605) Bookings New bookings were $215 million, up 142% over Q1 2017 We continue to expect full-year new bookings growth to be in the low double digits Backlog* 12-month backlog of $836 million, up $16 million over Q4 2017, fx adjusted 60-month back
Slide 7: 2018 Guidance
2018 Guidance New bookings growth expected to be in the low double digits Operating free cash flow to be in a range of $140 to $155 million Q2 revenue expected to be $230 million to $240 million under ASC 606 Q2 revenue expected to be $240 million to $250 million under ASC 605 Effective January 1, 2
Slide 8: Appendix
Appendix
Slide 9: Bookings By Quarter
Bookings By Quarter Quarter-End_|_ Total Bookings Term Extension ‘3/31/2015 $210,200 555 $98,668 18% 35% 47% 613072015 $291,657 $32,919 $144,054 $114,683, 11% 49% 39% 913072015 $294,270 $22,916 $143,993, $127,420 8% 49% 43% 1213/2015 $443,547 $173,206 $124,224 $146,118 39% 28% 33% 313112016 $230,178
Slide 10: Recurring Revenue and Backlog
Recurring Revenue and Backlog
Slide 11: Adjusted EBITDA
Adjusted EBITDA AC |Adjusted EBITDA (millions) Net income Pus: ‘Amortization expense Non-cash compensation expense justed EBITDA before significant transaction related expenses, Significant transaction related expenses, jjusted EBITDA Quarter Ended March 31, 0" 2018 2011 2017, ‘As Reported Under 3C
Slide 12: Adjusted Operating Free Cash Flow
Adjusted Operating Free Cash Flow
Slide 13: EPS Impact of Non-Cash and Significant Transaction Related Items
EPS Impact of Non-Cash and Significant Transaction Related Items
Slide 14: Contract Duration
Contract Duration Represents dollar average remaining contract life (in years) for term license software contracts Excludes perpetual contracts (primarily heritage S1 licensed software contracts) Excludes On Demand contracts as both cash and revenue are ratable over the contract term
Slide 15: Non-GAAP financial measures overview
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 16: 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, and net after-tax payments associated with significant tran
Slide 17: Backlog definition and assumptions
ACI backlog includes estimates for SaaS and PaaS, license, maintenance, and services specified in executed contracts but excluded from contracted revenue that will be recognized in future periods, as well as revenues from assumed contract renewals to the extent that we believe recognition of the rel
Slide 18: 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 19: 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