ACI Worldwide, Inc. · NASDAQ:ACIW
ACI Worldwide — William Blair Emerging Growth Stock Conference 2009
26 slides from ACI Worldwide's conference presentation, Oct 6, 2009
Slide 1: William Blair Emerging Growth Stock Conference
William Blair Emerging Growth Stock Conference October 6, 2009 New York City
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: Phil Heasley, Chief Executive Officer
Phil Heasley, Chief Executive Officer
Slide 4: Topics
Topics • Our Product Portfolio • Agile Payments Solutions • Market Environment • Financial Metrics 4
Slide 5: Global Footprint
Global Footprint Country with ACI customers 5 Strategic Centers Regional Sales Office Distributors/Sales Agents
Slide 6: ACI Product History
ACI Product History BASE24-eps BASE24-eps Automated Automated Agile Agile Payments Payments Case Case Solutions Solutions ON/2 ON/2 Management Management OpeN/2 OpeN/2 OCM24 OCM24 Payments Payments ASSET ASSET Manager Manager TRANS24 TRANS24 MTS MTS Enterprise Enterprise BASE24-atm BASE24-atm Enroll
Slide 7: Agile Payments Solutions
Agile Payments Solutions INITIATE MANAGE SECURE OPERATE Enterprise Banker Global Banker Retail Commerce Server Back Office Services Proactive Risk Manager Automated Case Manager Payment Simulation and Testing Payment Integration Monitoring and Management
Slide 8: The reference architecture simplifies payments
The reference architecture simplifies payments 8
Slide 9: ACI Product Portfolio
ACI Product Portfolio ACI Retail Payments Solution ACI Wholesale Payments Solution Payments Hubs Payments Hub – BASE24 – MTS-eps – BASE24-eps Online Banking – ACI Commerce Gateway – ACI Enterprise Banker – ACI Retail Commerce Server Trade Finance Payment Settlement and Card Management – ACI Global T
Slide 10: BASE24-eps
BASE24-eps Functionality / Market Served Key Competitors • Provides an end-to-end solution for the acquisition, • Software Providers authorization and recording of consumer based electronic – S1 payments – Fidelity (eFunds) • High volume, high availability, multi-platform transaction – Regional (Ala
Slide 11: ACI Proactive Risk Manager
ACI Proactive Risk Manager Functionality / Market Served Key Competitors • Provides an end-to-end solutions for real-time and • Fair Isaac enterprise payments risk management: Fraud Detection • Actimize and Money Laundering Detection • Norkom • Transaction monitoring solution to detect fraudulent an
Slide 12: ACI Enterprise Banker
ACI Enterprise Banker Functionality / Market Served Key Competitors • An online banking product that supports all market • S1 segments, from consumer to large corporate customers • Fundtech • Real-time and batch balance and transaction reporting, • Intuit/DI with images, online statements • ACH orig
Slide 13: General Market Update
General Market Update • Cost pressures on our customers lead to product sales opportunities – Inefficient technologies and processes – Exacerbated by M&A activity seen over past half year • Heavy focus on compliance, fraud and risk management – Good for the ACI hub multi-product solution sales – Our
Slide 14: Market Trends and Drivers
Market Trends and Drivers • U.S. credit crisis leads to extreme focus on ROI, and accelerated M&A • Continued desire to reduce costs and increase productivity – Need for end-to-end solutions – Need for platform and solutions convergence – Need to automate manual, cumbersome processes – ACI will driv
Slide 15: Financial Review
Financial Review Tamar Gerber, Vice President Investor Relations
Slide 16: ACIW Quarterly Revenue by Type
ACIW Quarterly Revenue by Type 70 ,0 0 0 4 Qtr. Average by Revenue Type 6 0 ,0 0 0 50 ,0 0 0 Recurring Revenue ILF's & Capacity Impl. & Professional Svcs. 4 0 ,0 0 0 3 0 ,0 0 0 2 0 ,0 0 0 10 ,0 0 0 QE Dec0 7 QE M ar0 8 QE Jun0 8 QE Sep 0 8 QE Dec0 8 QE M ar0 9 QE June0 9 In $ Thousands Revenue Type
Slide 17: ACIW Annual Revenue by Type is highly recurring
ACIW Annual Revenue by Type is highly recurring 450,000 400,000 86,548 350,000 71,496 $418MM 300,000 $374MM 94,999 250,000 91,667 1H-09 $175 Impl. MM Svcs. & Professional ILF's & Capacity 200,000 Recurring Revenue 150,000 34,989 23,115 236,106 100,000 211,048 117,280 50,000 - CY 2007 Actuals CY 2008
Slide 18: ACIW Quarterly Revenue from Backlog vs. Sales
ACIW Quarterly Revenue from Backlog vs. Sales 100,000 4 Qtr. Average Revenue from Backlog, Sales 90,000 80,000 70,000 60,000 From Backlog From Current Qtr. Sales 50,000 40,000 30,000 20,000 10,000 - QE Dec07 QE Mar08 QE Jun08 QE Sep08 QE Dec08 QE Mar09 QE Jun09 Total Revenue QE Dec07 QE Mar08 QE Jun
Slide 19: EBITDA (Adjusted) Trending
EBITDA (Adjusted) Trending EBITDA Adjusted 80.0 72.9 73.3 75.0 70.0 63.2 65.0 60.0 55.0 50.0 45.0 39.7 40.0 35.0 30.0 CY 2005 CY 2006 CY 2007 CY 2008 In $ Millions CY 2005 CY 2006 CY 2007 CY 2008 EBITDA 61.8 55.1 17.4 52.0 Non-Recurring Items Stock Options - 2.6 9.2 - Restructuring & Emp. Related -
Slide 20: Operating Free Cash Flow 2007-08-09
Operating Free Cash Flow 2007-08-09 70,000 ACIW Operating Free Cash Flow ex. IBM $65MM ACIW Operating Free Cash Flow 60,000 $53MM 50,000 $43MM $35 - $40MM 40,000 $25 - $30MM $29MM 30,000 20,000 10,000 0 2007 Actual 2008 Actual 2009 Estimate In $ Thousands 2007 Actual 2008 Actual 2009 Estimate GAAP C
Slide 21: Annual Guidance further refined from August expectations
Annual Guidance further refined from August expectations August 09 Key Metrics 2008 Actuals Guidance Risks/Opportunities Sales $460 $450 (5-8)% GAAP Revenues 418 415 (0-2)% GAAP Operating Income 22 35 positive 5-10% • In August reiterated low end of 2009 guidance, as reflected above but there could
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 “beli
Slide 23: Forward-Looking Statements
Forward-Looking Statements Any or all of the forward-looking statements may turn out to be wrong. They can be affected by the judgments and estimates underlying such assumptions or by known or unknown risks and uncertainties. Many of these factors will be important in determining our actual future r
Slide 24: Forward-Looking Statements
Forward-Looking Statements • The recent restatements of our financial statements; • The consolidation in the financial services industry that may adversely impact the number of customers and revenues in the future; • The economic changes in the banking and financial services industries that apply to
Slide 25: Forward-Looking Statements (Continued)
Forward-Looking Statements (Continued) • The possibility that if we are unable to successfully perform under the terms of our alliance with IBM or our customers are not receptive to the alliance, then our business, financial condition and/or results of operations may be adversely affected; • Our out
Slide 26: Every second. Every day.
INGE EVERY SECOND. EVERY DAY.
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