Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Q2 2016 Earnings Presentation
23 slides from Aci Worldwide's earnings presentation, Jul 28, 2016
Slide 1: ACI Worldwide June 30, 2016 Quarterly Results
ACI Worldwide June 30, 2016 Quarterly Results July 28, 2016 Exhibit 99.2
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 provisions
Slide 3: Quarter in Review
QUARTER IN REVIEW Phil Heasley Chief Executive Officer
Slide 4: Q2 2016 in Review
Q2 2016 in Review Overall recurring revenue grew 5%, adjusted for CFS SaaS bookings grew 16%, adjusted for CFS Seeing traction with Universal Payments New European data center ready for launch Reiterating 2016 guidance
Slide 5: Financial Review
FINANCIAL REVIEW Scott Behrens Chief Financial Officer
Slide 6: Key Takeaways from the Quarter
Key Takeaways from the Quarter Bookings SaaS bookings grew 16% compared to Q2 last year and were offset by declines in on-premise software bookings resulting in an overall bookings decrease of 26%. Q3 bookings have started strong and we continue to expect full year net new bookings growth to be in t
Slide 7: Reaffirming Guidance
Reaffirming Guidance Guidance Revenue and adjusted EBITDA range excludes the contribution of CFS for January 1 through March 3, 2016 Guidance excludes approximately $7 million of indirect overhead costs expected to be incurred in 2016 during the Transition Services Agreement (TSA) period Amounts exc
Slide 8: Appendix
UNIVERSAL MC PAYMENTS q APPENDIX
Slide 9: Monthly Recurring Revenue
Monthly Recurring Revenue Monthly Recurring Revenue (millions) Quarter Ended june 30, 2 2015 Monthly software license fees $ 18.3 $ 18.6 Maintenance fees 60.3 60.1 Processing services 102.3 115.4 Monthly Recurring Revenue 180.9 194.1 CFS contribution - 22.3 Monthly Recurring Revenue $ 180.9 $ 171.8}
Slide 10: Historic Bookings By Quarter
Historic Bookings By Quarter
Slide 11: Net New Bookings (SNET)
Net New Bookings (SNET) Qtr Ended Channel New Bookings Net of Term Extensions (SNET) Qtr Ended % Growth or Decline 858 $125,356 $0 $5,585 | Total SNET (excluding CFS) $125,356 | $171,388 27% GG vector crattence or crane ne UNIVERSAL PAYMENTS "1
Slide 12: Non-GAAP Operating Income (Loss)
Non-GAAP Operating Income (Loss)
Slide 13: Adjusted EBITDA
Adjusted EBITDA Adjusted EBITDA (millions) Net income (loss) Plus: some tax expense (benefit) Net interest expense er expense (income) Depreciation expense ‘Amortization expense Non-cash compensation expense Adjusted EBITDA Quarter Ended ($16.9) (17.1) Adjusted EBITDA excluding CFS impact (millions)
Slide 14: Operating Free Cash Flow
Operating Free Cash Flow * Tax effected at 35%
Slide 15: 60-Month Backlog
60-Month Backlog Quarter Ended Backlog 60-Month (millions) June 30, ‘June 30, 2016 1 Americas $2,794 924 Asia/Pacific 329 Backlog 60-Month $4,047 Deferred Revenue $164 $182 Other 3,883 3,966| Backlog 60-Month $4,047 $4,148] GG vector crattence or crane ACL 2x5
Slide 16: Backlog as a Contributor of Quarterly Revenue
Backlog as a Contributor of Quarterly Revenue Backlog from monthly recurring revenues and project go-lives continues to drive current quarter GAAP revenue Revenue from current quarter sales consistent with prior quarters
Slide 17: EPS Impact of Non-Cash and Significant Transaction Related Items
EPS Impact of Non-Cash and Significant Transaction Related Items
Slide 18: 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 19: Non-GAAP Financial Measures
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 certain business combination accounting entries related to the acquisition of Online Resources Corporation and significant transaction relate
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures ACI is also presenting operating free cash flow, which is defined as net cash provided by operating activities, plus payments associated with acquired opening balance sheet liabilities, net after-tax payments associated with employee-related actions and facility closures,
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures 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
Slide 22: 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 23: 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, increased competition, the success of our Universal Payments stra