Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Investor Day (March 2011)
101 slides from Aci Worldwide's investor day presentation, Mar 15, 2011
Slide 1: ACI Investor Day New York City March 15, 2011
ACI Investor Day New York City March 15, 2011
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: Investor Day Agenda 2011
Investor Day Agenda 2011 Opening Remarks Phil Heasley Financial Metrics Scott Behrens Markets and Sales Ralph Dangelmaier Applications Louis Blatt Maintenance Carolyn Homberger AOD Carolyn Homberger Services Ralph Dangelmaier Customer Discussion 3
Slide 4: ACI Trust Brand Video
ACI "Trust" Brand Video ACI "Trust" Brand Video 4
Slide 5: Welcome
Welcome Phil Heasley Chief Executive Officer 5
Slide 6: Financial Review
Financial Review Scott Behrens Chief Financial Officer 6
Slide 7: Key Takeaways from 2010
7 Key Takeaways from 2010 Revenue of $418 million Strong growth of $40 million in recurring revenue Recurring revenue comprised 68% of total revenue in 2010 compared to 60% of revenue in 2009 Sales of $525 million Sales rise of $100 million led by major account signings during 2010 First Data Corpor
Slide 8: Key Takeaways from 2010
Key Takeaways from 2010 60-Month Backlog growth of $54 million to $1.6 billion over prior year Strong Growth in Operating Income Up $12.0 million, or 29%, over prior-year Strong Growth in Operating EBITDA Up $14.9 million, or 20%, over prior-year 8
Slide 9: Calendar Year Revenue Mix
54% 30% 16% 17% 24% 20% 59% 23% 19% 57% 21% 60% 17% 15% 68% $356 $374 $418 $418 $440 - $450 $406 Calendar Year Revenue Mix 9
Slide 10: CY 2010 Revenue Concentration
2010 Rank 2009 Rank Channel #1 #2 Americas #2 #18 EMEA #3 #16 Americas #4 #7 Americas #5 #58 EMEA #6 #1 Americas #7 #3 Global #8 #5 EMEA #9 #27 Americas #10 #32 Americas #11 #508 EMEA #12 #78 Global #13 #4 Americas #14 #15 Asia-Pacific #15 #13 Americas #16 #12 Americas #17 #52 EMEA #18 #65 EMEA #19
Slide 11: Revenue by Industry
Revenue by Industry Increase of $13 million or 5% in the amount of revenue generated by banking sector as sales rebounded from aftermath of financial crisis Processor sales increased on the mid-year renewal of the FDC contract Retail stores segment stayed fairly constant and we continue to see good
Slide 12: 60-Month Backlog in Constant Currency
60-Month Backlog in Constant Currency Consistent Backlog Growth Year-over-Year Monthly Recurring portion growing at a higher rate Monthly Recurring includes higher margin MLF, Maintenance, and Processing Services Stable Non-Recurring Backlog reflects ability to move projects in to GAAP revenue at th
Slide 13: Backlog as a Contributor of Annual Revenue
Backlog as a Contributor of Annual Revenue Backlog from monthly recurring revenues and project go-lives continues to drive quarterly GAAP revenue, leading to predictable quarterly performance We expect backlog to contribute a similar percentage of 2011 revenue led by recurring revenue and project go
Slide 14: Operating Income and Operating EBITDA 2007-2011G
Operating Income and Operating EBITDA 2007-2011G Operating Income Operating EBITDA CY11 depicted at the midpoint of the guidance range $0 $22 $42 $54 $64 $27 $52 $73 $88 $100 14
Slide 15: 2011 Guidance
2011 Guidance Revenue Revenue growth range higher than last year Revenue and margin phasing consistent with prior-year Operating Income Operating income improves from on-going growth in recurring revenue and continued expense management 15%-20% growth range Operating EBITDA Depreciation and amortiza
Slide 16: Market Overview
Market Overview Ralph Dangelmaier President, ACI Global Markets & Services
Slide 17: ACI Global Markets - Topics
ACI Global Markets - Topics Key Points Major Trends by Region Current Market Penetration Sales Update Closing 17
Slide 18: ACI Global Markets - Key Points
ACI Global Markets - Key Points Strengthening the organization Implementing Best Practices for Sales and Services, particularly in EMEA and Asia Pacific Significant contribution by global accounts team Continue to see good market opportunity in all geographies Grew sales last year by 24% percent Mar
Slide 19: Major Trends By Region
payment systems Major Trends By Region
Slide 20: Markets with the Biggest Opportunity
Markets with the Biggest Opportunity United States UK Canada Japan China Germany Australia France Brazil India Italy Mexico Netherlands Spain Middle East Indonesia Singapore Malaysia Thailand Philippines Vietnam Korea South Africa A focus on strategic markets 20
Slide 21: Global Market Trends and Drivers
Global Market Trends and Drivers Growth in electronic payment transaction volumes Consolidation creating large scale needs & inefficient platform redundancies Continued desire for cost reduction and increased productivity Need to expand fraud detection to unprotected channels Search for new revenue
Slide 22: Key Growth Markets - Americas
United States ACI's largest market Electronic payment volumes still growing Consolidation created redundant platforms Customers migrating from older ACI versions Cross-sell fraud, back-office, tools Key Growth Markets - Americas Significant cross-sell opportunities Brazil ACI has a strong position i
Slide 23: Key Growth Markets - EMEA
ACI has good Retail base Opportunities with major banks using in-house software, & legacy ACI migrations Need for updated wholesale payment systems Old platform technology in need of change Key Growth Markets - EMEA Regulatory change, consolidation & aging platforms creating opportunities ACI has a
Slide 24: Key Growth Markets - EMEA (continued)
Middle East ACI has a strong position in retail payments & significant share of retail fraud Old platform technologies in need of change Customers migrating from older ACI versions Cross-sell fraud, back office, wholesale, tools Key Growth Markets - EMEA (continued) Regulatory change, consolidation
Slide 25: Key Growth Markets - Asia/Pacific
Key Growth Markets - Asia/Pacific ACI has a strong initial position in credit card management & fraud Alliances will be key to ACI success ACI needs effective partnerships to penetrate Fragmented, un-connected payments infrastructure requires consolidation Very large scale volumes ACI has significan
Slide 26: Key Growth Markets - Asia/Pacific (continued)
Key Growth Markets - Asia/Pacific (continued) Australia/NZ ACI has a strong position in retail payments and fraud with significant share of wholesale payments market Commonwealth banking structure results in 4 dominant market players Sophisticated payments market, but old underlying technology, part
Slide 27: ACI Internal Drivers
ACI Internal Drivers Cross-selling ACI products Migrations to new solutions BASE24-eps(r) phased migration approaches gaining more traction Extended support models designed to support customers on older products Stronger services model Project scoping, rates, processes Alliances Over 70% of new sale
Slide 28: Current Market Penetration
payment systems Current Market Penetration
Slide 29: ACI Market Share
BANKING 22 of the top 25 in the U.S. 4 of the top 5 in Brazil 6 of the top 10 in Indonesia 7 of the top 10 in Canada 7 of the top 10 in Saudi Arabia 8 of the top 10 in Thailand MERCHANT RETAIL PROCESSORS 5 of the top 10 in China 3 of the top 6 in France 4 of the top 10 in Mexico 5 of the top 10 in M
Slide 30: Sample Customers - Retail Payments
Sample Customers - Retail Payments 11 March 2011 30 30 Confidential
Slide 31: Sample Customers - Wholesale Payments
Sample Customers - Wholesale Payments 11 March 2011 31 31 31 Confidential
Slide 32: Sample Customers - Fraud
Sample Customers - Fraud 11 March 2011 32 32 Confidential
Slide 33: Sample Customers - Retailers
Sample Customers - Retailers Sample Customers - Retailers Sample Customers - Retailers 33
Slide 34: Sales Update
payment systems Sales Update
Slide 35: Sales Best Practices
Sales Best Practices Consistent forecasting Fair & Equitable Deal Construction Consistent Sales Process Driving global consistency to facilitate local autonomy 35
Slide 36: Consistent Sales Process - steps
Consistent Sales Process - 5 steps Discovery Account Profile Strawman/Strategy ROI Analysis Close A structured, proven approach 36
Slide 37: Example - Leading U.S. FI
payment systems Example 1 - Leading U.S. FI
Slide 38: Wholesale and Retail Payments Solutions
Wholesale Payments Solutions ENTERPRISE PAYMENTS ACI Money Transfer System ONLINE BANKING ACI Enterprise Banker Enterprise Enrollments GLOBAL PAYMENTS PROCESSING ACI Money Transfer System: RTGS, Bulk TRADE FINANCE Global Trade Manager Open Account Manager Retail Payments Solutions ENTERPRISE PAYMENT
Slide 39: Before: Customer Assets in Use
Before CARD PRODUCTS AUTHORIZATION ATM DRIVING FRAUD SETTLEMENT Discovery & Account Profile Customer Assets - ACI and non-ACI solutions in use Debit CMM (Inhouse) Consumer Prepaid Fidelity Outsourced Corporate Prepaid Inhouse Diebold Native Diebold ATMs PRM Enterprise PIN Deployed Falcon Visa DPS Si
Slide 40: ACI Global Payment Solutions Strategy
CHANNELS CORE SYSTEMS CHANNELS CORE SYSTEMS NETWORKS RETAIL PAYMENTS OPERATIONS & INFRASTRUCTURE FINANCIAL CRIME MANAGEMENT Strawman/Strategy ACI Global Payment Solutions Strategy OPERATIONS & INFRASTRUCTURE WHOLESALE PAYMENTS
Slide 41: After ACI: Proposed End State
After ACI ISSUER ACI BASE24-eps ACI PROACTIVE RISK MANAGER ACI BASE24-eps (r) ACI SETTLEMENT Debit CMM (Inhouse) Consumer Prepaid Fidelity Outsourced Corporate Prepaid Inhouse Diebold Native Diebold ATMs PRM Enterprise PIN Deployed Falcon Visa DPS Signature Carreker CheckFree Branch/Checks Falcon Cr
Slide 42: Return on Investment - 5 year potential ROI
Cost Avoidance - In-sourcing $105M Connect directly to Visa and perform signature debit settlement in-house In-source signature debit fraud on to existing PRM solution Combine signature and PIN at card level to improve detection for both channels $275M TOTAL ROI: Improved Enterprise-Level Fraud Dete
Slide 43: Summary of Key Benefits to Customer
Summary of Key Benefits to Customer Reduce overall costs due to the elimination of redundant silos for payments and fraud Improve time to market for new products and services leveraging next-generation payment technologies Improve revenue opportunities through the provision of fee-based services on
Slide 44: Example - Global Card Issuer
Example 2 - Global Card Issuer
Slide 45: Wholesale and Retail Payments Solutions
Wholesale Payments Solutions ENTERPRISE PAYMENTS ACI Money Transfer System ONLINE BANKING ACI Enterprise Banker Enterprise Enrollments GLOBAL PAYMENTS PROCESSING ACI Money Transfer System: RTGS, Bulk TRADE FINANCE Global Trade Manager Open Account Manager Retail Payments Solutions ENTERPRISE PAYMENT
Slide 46: Customer Assets - ACI and non-ACI solutions in use
USA Provider A EUROPE & Africa TS PRIME WildCard - Fidelity Bankworld - CR2 BRAINS - CMC Flexcube - Oracle South Africa BASE24-atm BASE24-pos HP NonStop ACI ACI Vendor Outsourced India TSYS Prime TSYS Online TSYS FraudGuard South Africa BASE24-eps (r) HP NonStop ACI UK Falcon - FICO Fraud - aiCorp P
Slide 47: ACI Global Payment Solutions Strategy
CHANNELS CORE SYSTEMS CHANNELS CORE SYSTEMS NETWORKS RETAIL PAYMENTS OPERATIONS & INFRASTRUCTURE FINANCIAL CRIME MANAGEMENT Strawman/Strategy ACI Global Payment Solutions Strategy OPERATIONS & INFRASTRUCTURE WHOLESALE PAYMENTS 47
Slide 48: Proposed End State using ACI Solutions
USA Provider A UK BASE24 eps-atm BASE24-eps pos HP NonStop ACI ACI Vendor Outsourced Europe ACI Issuer & ACI Interchange Card Management & Settlement UK ACI PRM Enterprise Fraud Debit, Credit, Online, Wholesale Payments Strawman/Strategy Proposed End State using ACI Solutions 48
Slide 49: Return on Investment - 5 year potential ROI
Eliminate cost of redundant card issuing & authorization systems $380M Consolidate 15 systems including in-house card issuing & management systems and authorization systems Eliminate outsourcing costs from 2 platforms $470M TOTAL ROI: Implement Enterprise-Level Fraud Detection / Prevention $65M Cons
Slide 50: Summary of Key Benefits to Customer
Summary of Key Benefits to Customer Reduce overall costs due to the elimination of redundant silos for card issuing & management Increase fraud detection rates by adding real time & protecting currently unprotected channels Use single customer view to identify more cross-sell opportunities for debit
Slide 51: Recent Key Wins
Leading Asia-Pacific FI Largest Asia Pacific deal for ACI BASE24-eps(r), SDK, Asset & Golden Gate Consolidates global authorization systems IBM as systems integrator Recent Key Wins Large Global Processor Global Enterprise License BASE24-eps(r), BASE24(r), PRM &Tools Consolidates many one-off legacy
Slide 52: Closing
payment systems Closing
Slide 53: Closing
Continue to see good market opportunity in all geographies Increase focus on cross-sell and senior-level contacts Continue to strengthen the organization & drive best practices Closing 53
Slide 54: Application P&L
Application P&L Louis Blatt, Ph.D. Chief Product Officer
Slide 55: What does Application include? Application P&L - Revenue
What does Application include? Revenue recognized from License and Capacity Fees Expenses related to defining, developing, launching and selling products and solutions Application P&L - Revenue 55
Slide 56: Strategy Evolution
Strategy Evolution to remove redundancies of processes and applications... Phase 1: Offer the industry's leading breadth of products on a unified hardware platform to decrease hardware and maintenance operating costs. Phase 2: Integrate products to drive consolidation, efficiencies and decreased fra
Slide 57: Online Business Banking
Market Drivers Reliance on online channels for daily interaction between bank and businesses Enablement through technology advancements (Internet, bandwidth, Web 2.0) Mature market movement towards 2nd and 3rd generation solutions Expansion of trade and mobile ACI Value Proposition and Differentiato
Slide 58: Retail Payment Engines
Market Drivers Movement from cash to electronic payment Regional economic and population growth Government regulation Consolidation and globalization pressures ACI Value Proposition and Differentiators Most functionality with proven technology, proven reliability and scalability Broad set of interop
Slide 59: Back Office
Market Drivers Movement from cash to electronic payment Regional economic and population growth Compliance and regulation pressures Cost reduction forces in banking industry ACI Value Proposition and Differentiators Scalable solutions with flexibility for customer specific needs Customer-centric sol
Slide 60: Customer Success Story: Moneris Solutions
Customer Success Story Moneris Solutions saved over $10M per year 60
Slide 61: Wholesale Transaction Banking
Market Drivers SEPA ACH and bulk payment ISO 20022 adoption Regulation ACI Value Proposition and Differentiators Robust redundant architecture is scalable and reliable solution Improved straight through processing, reducing operating costs Single platform, removing reliance on fragmented systems Key
Slide 62: Financial Crime Management
Market Drivers Frequency and sophistication of financial crime Pressure on financial institutions to reduce losses from fraud Enterprise wide fraud solution ACI Value Proposition and Differentiators One of the industry's best real-time solutions Enterprise solution for multiple channels and payment
Slide 63: Customer Success Story: BNZ
Customer Success Story Counterfeit fraud drops 62% for BNZ 63
Slide 64: Operate
Market Drivers Migration to open standards Demand for integrated payment platforms and simplified infrastructure Payment specific solution needs for testing and monitoring ACI Value Proposition and Differentiators Multi-platform support Solutions designed for payment processing vs. generic platform
Slide 65: Application P&L - Profitability Drivers
Innovation Cross-sell Quality & Productivity Pricing Usability User research to improve interfaces, documentation, training Architecture Continuous improvements Mobile Market Problem Identification Application P&L - Profitability Drivers Integration Interoperability of payment solutions Time-to-valu
Slide 66: Maintenance P&L
Maintenance P&L Carolyn Homberger Vice President, Programs & Initiatives
Slide 67: Maintenance P&L - Revenue
Maintenance P&L - Revenue What is the Maintenance P&L? Revenue recognized from Product Support Fees Cost of Product Defects found in Generally Available Software (i.e. Production Cases) Cost of Updates to ACI Software as mandated by Card Associations, Regulatory Agencies, etc. Comments: 95%+ From Ba
Slide 68: Maintenance P&L - Profitability Drivers
Pricing Cust. Retention Improve Quality Drive Productivity Attrition Mgmt. Customer Loyalty Prgms Customer Sat. Metrics Backlog Mgmt. BASE24(r) Sunset Version Sunset Mgmt. Test Automation Unit & Integration Testing Automation System Test Automation Test Driven Dvlpmt Test Spec. @ Requiremts Code & D
Slide 69: Maintenance P&L - Sunset Management
Maintenance P&L - Sunset Management Key Assumptions: Account Level Migration Analysis BASE24eps(r) Product Functionality Availability Contractual Terms Sunset Uplift as permitted by Customer Contracts Commitment to BASE24eps(r) Migration (i.e. Networks First) Uplift % as defined by Mandate or No Man
Slide 70: Maintenance P&L - Customer Retention
Maintenance P&L - Customer Retention Customer Loyalty Drivers: Cares About Customers Effective at Meeting Customer Needs Willingness To Collaborate Software Solutions Functionality Ease of Doing Business Innovation Awareness of Agile Payment Systems How do we Measure Customer Loyalty: Annual Custome
Slide 71: Maintenance P&L - Summary
Maintenance P&L - Summary Pricing Sunset Mgmt. Productivity ACI has a Maintenance Pricing Philosophy & we maintain our discipline through: Metrics Exception management ACI has put the foundation in place to better capitalize on Sunset Programs for: Products (i.e. BASE24(r)) Versions ACI is constantl
Slide 72: ACI On Demand (AOD) P&L
ACI On Demand (AOD) P&L Carolyn Homberger Vice President, Programs & Initiatives
Slide 73: AOD P&L - Revenue
Comments: Revenue recognized from License Fees, Maintenance & Hosting Fees Recurring revenue In $ Millions What is ACI On Demand? ACI products run in a shared or managed services hosted environment Revenue driven from usage fees Broadens addressable market ; takes advantage of market movement toward
Slide 74: AOD P&L - Products
Enterprise Banker All ACI Products available On Demand based on Mkt. Demand ... EXISTING TODAY ASX, OFX & CMS Enterprise Banker & PRM (Coming soon!) Retail Commerce Server BASE24(r) Payments Manager Proactive Risk Manager MTS AOD P&L - Products 74
Slide 75: ACI On Demand Customers
ACI On Demand Customers ACI On Demand (AOD) business growing rapidly Enterprise Banker AOD customers on platform grew 51% in 2010 - 210,000+ customers and 320,000+ users Retail Commerce Server AOD revenue and transactions processed both up more than 50% in 2010 Proactive Risk Manager AOD: 2.1+ billi
Slide 76: AOD P&L - Profitability Drivers
Volume Time to Value Drive Productivity Customer Boarding Customers can be live within months - rapid revenue stream for FI/Retailers and ACI Operational Metrics Availability File Load Processing Cost Mgmt. AOD Operations (45%) Licensing Fee (35%) Data Center Support Costs / Other (20%) Usage Rates
Slide 77: AOD P&L - Customer Value Proposition
ACI Value Proposition Expertise - Product & Operations Rapid time to market ACI Manages the system - > 120 resources globally System availability and application performance assured via SLAs Customer can focus on business growth - not IT and operations Customer is not 'one of many' on a system Custo
Slide 78: AOD P&L - ACI's Positioning
Global Leader in payments software ACI's Market reputation for delivering proven solutions On Demand is one of several deployment options Successful On Demand track record- over 10 years Ease of entry - 'pay as you go' pricing AOD P&L - ACI's Positioning 78
Slide 79: AOD P&L - Summary
Proven Business Model Market Oppty is Strong Increases ACI Profitability ACI has successfully run an On Demand business for > 10 years Continued growth Strong Customer Loyalty Market interest in On Demand continues to grow ACI well positioned Excellent product breadth offered On Demand at ACI On Dem
Slide 80: Services P&L
Services P&L Ralph Dangelmaier President, Global Markets & Services
Slide 81: Services - Revenue
What are the ACI Services offered? Business & Operations Consulting Implementation Services Technical Consulting (ESP) Comments: Improvements started in Americas channel in 2008. EMEA and APAC improvements started in 2010 Services supports our core product/solutions business In $ Millions * CY2008 i
Slide 82: Services P&L - Profitability Drivers
Services Rates Utilization Margin Process Focus on Profitability Consistent Reporting & Operations Global Consistency Market Rates % of Time on Customer Projects 30-50% 12-15% increase 2008 to 2010 Negative Margin to Break Even 2008 to 2011 Plan 30%- 50% increase Depending on the market 2008 to 2010
Slide 83: Global Services Best Practices
Contributes to: Increased Services Rates Global consistency - Adherence to disciplines Improved Margin Contributes to: Employee/Knowledge retention Improved Utilization Improved Margin Contributes to: Improved Utilization Customer Satisfaction Cross Sales Improved Margin Global Services Best Practic
Slide 84: Services P&L - Summary
Multi Year Plan Competitive Advantage Profit Drivers ACI has a multi year Services plan to drive: Margin Improvement Global Consistency Improved customer satisfaction ACI Services has a competitive advantage in the market: Payments Experience Business Consulting helps clients expand usage of ACI pro
Slide 85: Customer Discussion
payment systems Customer Discussion > THE BANK OF NEW YORK MELLON
Slide 86: Agenda
Agenda Introduction & BNY Mellon overview Objectives BNY Mellon profile and assets BNY Mellon strategy overview Benefits/ROI Summary 86
Slide 87: Introduction & BNY Mellon Overview
Introduction & BNY Mellon Overview Our Company US$24.4 trillion in assets under custody and administration US$1.14 trillion in assets under management Service US$12 trillion in outstanding debt Process an average of US$1.6 trillion in global payments daily Worldwide staff of 47,700 Locations across
Slide 88: BNY Mellon Objectives - FNI Program
BNY Mellon Objectives - FNI Program Implement a centralized financial messaging hub consolidating older applications in to a central service Provide industry leading up-time, throughput & resiliency Lower per unit messaging cost by 90%+ Position BNY Mellon to rapidly respond to new market initiative
Slide 89: ACI Assets at BNY Mellon
ACI Assets at BNY Mellon MCI payment systems Wholesale Payments Solutions ENTERPRISE PAYMENTS + ACI Money Transfer System TRADE FINANCE + ACI Global Trade Manager + ACI Open Account Manager ONLINE BANKING + ACI Enterprise Banker + ACI Enterprise Enrollments GLOBAL PAYMENTS PROCESSING + ACI MTS: RTGS
Slide 90: FNI Systems targeted for replacement
FNI Systems targeted for replacement BNY's Core Processing Systems External Financial Networks MERVA Internation al SWIFT BNY's Business Areas Custody Securities Clearance Cash Management Funds Transfer Trade Services Corporate Trust Securities Lending PROFE1 FED Securities System FE Systems FED/CHI
Slide 91: BNY Mellon Strategy Overview
BNY Mellon Strategy Overview
Slide 92: BNY Mellon Consolidation Opportunities
BNY Mellon Consolidation Opportunities MIDDLEWARE & MESSAGING HUB FRAUD PAYMENTS PROCESSING ACI MTS Messaging Hub ACI PROACTIVE RISK MANAGER Enterprise MTS Enterprise Sanctions Filter OFAC In House Middleware PAYMENTS SETTEMENT & MESSAGING FE USD (Fed, CHIPs) Merva SWIFT ACI MTS Payment Settlement &
Slide 93: BNY Mellon Current Profile
BDS ASP, GSP, TAS, FTS, IMMS, RMB, DCC, CFC, CAR, CAS, RPO, ADR, CANS, DDR, STS, WNR, EDI, OBR, ARP, LBX, GSP, GTM, MMD, CLC, GPS, ATL ASR, PRX, REC FTS FNI (MTS) BNY Mellon Current Profile Existing State MSGRTR Domestic SWIFT FED/CHIPS FE System Fed/Funds CHIPS Fax SWIFT Telex Fed Securities PROFE1
Slide 94: BNY Mellon Ending Profile
BDS ASP, GSP, TAS, FTS, IMMS, RMB, DCC, CFC, CAR, CAS, RPO, ADR, CANS, DDR, STS, WNR, EDI, OBR, ARP, LBX, GSP, GTM, MMD, CLC, GPS, ATL ASR, PRX, REC FTS FNI (MTS) BNY Mellon Ending Profile Final State Fed/Funds CHIPS Telex SWIFT Fax Fed Securities BNY's Core Processing Systems External Financial Net
Slide 95: BNY Mellon Benefits/ROI Summary
BNY Mellon Benefits/ROI Summary 95
Slide 96: Non-GAAP Financial Measures
Non-GAAP Financial Measures ACI is presenting operating free cash flow, which is defined as net cash provided (used) by operating activities, less net after-tax payments associated with employee related activities, net after-tax payments associated with IBM IT outsourcing transition and severance, a
Slide 97: 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 th
Slide 98: Non-GAAP Financial Measures
Non-GAAP Financial Measures Estimates of future financial results are inherently unreliable. Our backlog estimates require substantial judgment and are based on a number of assumptions as described above. These assumptions may turn out to be inaccurate or wrong, including for reasons outside of mana
Slide 99: 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 100: Forward-Looking Statements
Forward-Looking Statements Expectations and assumptions related to any key benefits received by our customers resulting from the implementation of our products, including (i) potential return on investment, (ii) reduction of overall costs due to elimination of redundant silos, (iii) improved time to
Slide 101: ACI payment systems trusted globally
ACI payment systems trusted globally