Slide 1: March 31, 2012 Quarterly Results Presentation
Exhibit 99.2 ACI’s software underpins electronic payments throughout retail and wholesale banking, and commerce all the time. March 31, 2012 Quarterly Results Presentation May 3, 2012
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 provision
Slide 3: Quarterly Overview
Quarterly Overview Phil Heasley Chief Executive Officer 3
Slide 4: Q1 2012 in Review
Q1 2012 in Review • Acquisition of S1 Corporation completed on February 13 – Achieved $33 million in annual cost savings; 10% above plan – $24 million to be realized in FY 2012 • Announced combined company product strategy on April 25 • Acquisition of S1 contributes $705 million to 60-month backlog
Slide 5: Business Overview
Business Overview Ralph Dangelmaier President, Global Markets 5
Slide 6: Q1 2012 Overview
Q1 2012 Overview Americas Asia Pacific • New account with leading multi-national • Major re-commitment and add-on signing institution; Wholesale Banking system and by leading processor in Singapore Proactive Risk Manager/Anti-Money Laundering solution for international • Key new account with State -
Slide 7: S1 Acquisition Integration Update
S1 Acquisition Integration Update • Initial Customer Feedback • Americas - Viewed as a more strategic partner with expanded presence and wider breadth of product offering for customers • EMEA - Expanded merchant retail and wholesale offerings, a more strategic partner with a substantial presence in
Slide 8: Financial Review
Financial Review Scott Behrens Chief Financial Officer 8
Slide 9: Key Takeaways from the Quarter
Key Takeaways from the Quarter Normal Q1 Seasonal Sales • Q1 2011 was a record sales quarter • Stronger add-on sales in Q1 2012 60-Month Backlog Growth of $700 million; 12-month growth of ~ $160 million • Backlog improvement driven by the addition of S1 backlog Strong Revenue Quarter • Organic reven
Slide 10: Key Takeaways from the Quarter (cont)
Key Takeaways from the Quarter (cont) Operating Expense • Flat organic expenses • S1 contributed $26.4 million in expenses for the period Feb 13- Mar 31 • $15.0 million of acquisition related one-time expenses including severance, change-in-control, investment banker fees and other professional fees
Slide 11: Backlog as a Contributor of Quarterly Revenue
Backlog as a Contributor of Quarterly Revenue Revenue Qtr Ended Qtr Ended % Growth or Revenue Mar 12 Mar 11 Decline Revenue from Backlog $132,500 $99,121 33.7% Revenue from Sales 5,125 5,422 -5.5% Total Revenue $137,625 $104,543 31.6% Revenue from Backlog 96% 95% Revenue from Sales 4% 5% • Backlog f
Slide 12: Reaffirmation of 2012 Guidance
Reaffirmation of 2012 Guidance Key Metrics 2012 Low 2012 High Revenue $696 $706 Operating Income* $99 $104 Adjusted EBITDA* $165 $170 * Guidance excludes all S1 acquisition related one-time expenses Original v Revised Purchase Accounting Assumptions Original Revised Margin $ millions Assumption Assu
Slide 13: Appendix
/ Appendix # trusted globally
Slide 14: Historic Sales By Quarter 2010-2012
Historic Sales By Quarter 2010-2012 Sales Mix by Category Add-on Business Total Economic Value of New Accounts / New inc. Capacity Quarter-End Sales Applications Upgrades & Term Extension 3/31/2010 $81,142 $5,758 $35,066 $40,318 7% 43% 50% 6/30/2010 $107,985 $1,224 $68,474 $38,287 1% 63% 35% 9/30/20
Slide 15: Sales By Region by Geography and Type
Sales By Region by Geography and Type Total Sales Qtr Ended Qtr Ended % Growth or Channel Mar 12 Mar 11 Decline Americas $71,196 $76,699 -7.2% EMEA 25,024 38,490 -35.0% Asia-Pacific 12,243 7,715 58.7% Total Sales $108,462 $122,904 -11.8% Sales Type Qtr Ended Qtr Ended % Growth or Sales Type Mar 12 M
Slide 16: Operating Free Cash Flow ($ millions)
Operating Free Cash Flow ($ millions) Quarter Ended March 31, 2012 2011 Net cash provided by operating activities $(12.6) $17.9 Adjustments: Net after-tax payments associated with cash settlement of S1 options 10.2 Net after-tax payments associated with S1 transaction costs 7.7 - Net after-tax payme
Slide 17: 60-Month Backlog ($ millions)
60-Month Backlog ($ millions) Quarter Ended March 31, December 31, March 31, 2012 2011 2011 Americas $1,405 $912 $895 EMEA 669 514 526 Asia/Pacific 243 191 192 Backlog 60-Month $2,317 $1,617 $1,613 Deferred Revenue $207 $166 $175 Other 2,110 1,451 1,438 Backlog 60-Month $2,317 $1,617 $1,613 17
Slide 18: Revenues by Channel ($ millions)
Revenues by Channel ($ millions) Quarter Ended March 31, 2012 2011 Revenues: United States $58.8 $ 37.5 Americas International 15.4 14.8 Americas $74.2 $52.3 EMEA 44.8 42.1 Asia/Pacific 18.6 10.1 Revenues $137.6 $104.5 18
Slide 19: Monthly Recurring Revenue ($ millions)
Monthly Recurring Revenue ($ millions) Quarter Ended March 31, 2012 2011 Monthly Software License Fees $25.5 $31.2 Maintenance Fees 42.1 33.5 Processing Services 21.3 12.6 Monthly Recurring Revenue $88.9 $77.3 19
Slide 20: Deferred Revenue and Expense ($ millions)
Deferred Revenue and Expense ($ millions) Quarter Ended March 31, December 31, March 31, December 31, 2012 2011 2011 2010 Short Term Deferred Revenue $177.8 $133.0 $141.4 $121.9 Long Term Deferred Revenue 29.5 32.7 33.2 31.0 Total Deferred Revenue $207.3 $165.7 $174.6 $152.9 Total Deferred Expense $
Slide 21: Non-Cash Compensation, Acquisition Intangibles and Software, and Acquisition-Related Expenses
Non-Cash Compensation, Acquisition Intangibles and Software, and Acquisition-Related Expenses Quarter ended Quarter ended March 31, 2012 March 31, 2011 EPS Impact* $ in Millions EPS Impact* $ in Millions S1 acquisition-related one-time expense $0.26 $9.8 $0.00 $0.00 Amortization of acquisition- rela
Slide 22: Other Income / Expense ($ millions)
Other Income / Expense ($ millions) Quarter Ended March 31, December 31, March 31, December 31, 2012 2011 2011 2010 Interest Income $0.2 $0.7 $0.2 $0.2 Interest Expense ($1.9) ($1.0) ($0.6) ($0.5) FX Gain / Loss ($0.6) ($0.8) ($0.2) ($0.1) Other $1.5 $0.1 ($0.1) $0.0 Total Other Income (Expense) ($0
Slide 23: Adjusted EBITDA
Adjusted EBITDA Quarter Ended Quarter Ended March 31, 2012 March 31, 2011 Net Income (Loss) $(1.8) $1.6 Income tax expense (benefit) (0.6) 5.2 Net Interest Expense 1.6 0.4 New Other Expense (0.9) 0.3 Depreciation Expense 2.7 1.7 Amortization Expense 7.5 5.1 Non-Cash Compensation Expense 5.6 2.4 Adju
Slide 24: Non-GAAP Operating Income (loss)
Non -GAAP Operating Income (loss) Quarter Ended Quarter Ended March 31, 2012 March 31, 2011 Operating Income (Loss) $(1.6) $7.5 Plus Accelerated share-based compensation 2.4 - Employee related actions 7.4 - S1 Acquisition related fees 4.1 - One time professional fees 1.1 - Non-GAAP Operating Income
Slide 25: Non-GAAP Financial Measures
Non-GAAP Financial Measures To supplement our financial results presented on a GAAP basis, we use the non-GAAP measure indicated in the tables, which exclude certain business combination accounting entries and expenses related to the acquisition of S1, as well as other significant non-cash expenses
Slide 26: Non-GAAP Financial Measures
Non-GAAP Financial Measures • Adjusted EBITDA, which is defined as net income (loss) plus income tax expense, net interest income (expense), net other income (expense), depreciation, amortization and non-cash compensation, as well as deferred revenue that would have been recognized in the normal cou
Slide 27: Non-GAAP Financial Measures
Non-GAAP Financial Measures • ACI also includes backlog estimates which are all software license fees, maintenance fees and services specified in executed contracts, as well as revenues from assumed contract renewals to the extent that we believe recognition of the related revenue will occur within
Slide 28: 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 29: 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, risks related to the global financial crisis and the continuing
Slide 30: ACI's software underpins electronic payments throughout retail and wholesale banking
ACI’s software underpins electronic payments throughout retail and wholesale banking, and commerce all the time, without fail. www.aciworldwide.com