Slide 1: Fiscal Q3 2022 Earnings Presentation
Amdocs Limited NASDAQ: DOX Fiscal Q3 2022 Earnings Presentation August 3, 2022 Tamar Rapaport-Dagim CFO & COO Shuky Sheffer President & CEO Exhibit 99.2
Slide 2: Disclaimer
Disclaimer The information contained herein in this presentation or delivered or to be delivered to you during this presentation does not constitute an offer, expressed or implied, or a recommendation to do any transaction in Amdocs Limited securities or in any securities of its affiliates or subsid
Slide 3: Today's Speakers
Today’s Speakers Shuky Sheffer President & Chief Executive Officer Tamar Rapaport-Dagim Chief Financial Officer & Chief Operating Officer
Slide 4: Earnings call agenda
Earnings call agenda 1 Strategy & Business Performance Update Shuky Sheffer, President & Chief Executive Officer 1 2 Financial Review & Outlook Tamar Rapaport-Dagim, Chief Financial Officer & Chief Operating Officer 3 Q&A
Slide 5: Strategy and Business Performance Update
Strategy and Business Performance Update President & Chief Executive Officer Shuky Sheffer
Slide 6: Solid Q3 Results, Including Record Revenue and 12-Month Backlog
Solid Q3 Results, Including Record Revenue and 12-Month Backlog Constant currency. Assumes exchange rates in the current period were unchanged from the prior period Non-GAAP. See reconciliation tables in appendix $1.27 Above mid-point of guidance Up a healthy 10% YoY, $60M QoQ Record of $3.95B Recor
Slide 7: Q3 Operational Highlights
Robust sales Execution Q3 Operational Highlights R&D Continued to extend and expand our relationships with large, long-standing, and trusted customers Further expanded our footprint within major operators Strong levels of business activity led by another record quarter in North America Europe contin
Slide 8: About MYCOM OSI
About MYCOM OSI Transaction rationale Provider of SaaS-based cloud network and service assurance solutions London HQ Additional offices in US, France, UAE, India & Singapore Expands Amdocs’ network portfolio to include end-to-end service and network orchestration Brings key assurance capabilities, k
Slide 9: Progress in Strategic Domains
Progress in Strategic Domains Digital bill presentment 5G ops on AWS 5G ORAN rollout. Drive towards a more intelligent, open, virtualized and fully interoperable mobile cloud network Journey to the cloud: accelerate cloud adoption Cloud Cloud-based service provides a cost-effective solution, to pers
Slide 10: Confident in our unique business model
Confident in our unique business model Unique business model: mission-critical products and services, highly recurring revenue streams, and long-term customer engagements Amdocs is a key technology enabler, at the heart of operators’ multi-year 5G and cloud-driven investment cycle Enable customers’
Slide 11: Looking ahead: On-track to achieve our accelerated growth targets
Looking ahead: On-track to achieve our accelerated growth targets Pro forma excludes the financial impact of OpenMarket (which was divested on December 31, 2020) from fiscal year 2021. Constant currency. Assumes exchange rates in the current period were unchanged from the prior period. Pro forma non
Slide 12: Amdocs' Commitment to Social Responsibility and Sustainability
Enrich lives and progress society with creativity and technology Our Purpose Amdocs’ Commitment to Social Responsibility and Sustainability 2021-2022 Corporate Social Responsibility and ESG report Vubiquity providing technology for a new streaming platform with Signed Studios; provides premium quali
Slide 13: Thank you to customers, partners, shareholders and communities
I would like to acknowledge and thank all our customers, partners, shareholders, and communities for together working to create a better-connected world I want to especially thank our global and diverse base of incredibly talented employees for their devotion to turning the boldest ideas into realit
Slide 14: Financial Update & Outlook
Financial Update & Outlook Chief Financial Officer & Chief Operating Officer Tamar Rapaport-Dagim
Slide 15: Q3 FY2022 Financial Highlights
Q3 Revenue $1,160 million +8.8% YoY, +10.8% constant currency (2) Midpoint of guidance ($1,140M - $1,180M) Q3 Non-GAAP(3) Operating Margin 17.6%, flat QoQ Above midpoint of annual target range of 17.2% - 17.8%, and unchanged YoY Q3 GAAP Diluted EPS $1.04 Higher-end of guidance ($0.97 - $1.05) Q3 Non
Slide 16: 12-Month Backlog
(1) (1) (1) 12-Month Backlog ~$3.95B Record-high level as of June 30, 2022 ~ +10% YoY, +$60M QoQ Leading Indicator Roughly 80% 12-month backlog typically covers ~80% of forward 12-month revenue 12-month backlog growth has accelerated year-over-year over the past several quarters (1) Record Quarterly
Slide 17: Managed Services
Managed Services ~$718M Record-high level as of June 30, 2022 ~ +10% YoY Record-High Managed Services Revenue in Q3F22 $ Millions Managed services arrangements support business model resiliency with highly recurring revenue streams, multi-year engagements and high renewal rates, and may also include
Slide 18: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Liquidity: Cash + Credit Facility $1.4 billion DSO’s 82 days +3 days YoY and +1 days QoQ DSO’s may fluctuate from quarter to quarter Deferred revenue > unbilled +$62 million YoY Deferred revenue: +$16M YoY Unbilled receivables: -$46M YoY Items fluctuate from quarter to quar
Slide 19: Disciplined Capital Allocation
Disciplined Capital Allocation FY2022E Normalized FCF outlook(1) $ Millions Q3 2022 Cash Returned to Shareholders $ Millions As of June 30, roughly $0.6B of share repurchase authorization capacity remained Non-GAAP. See reconciliation tables in appendix Yield = expected normalized free cash flow of
Slide 20: FY2022 Outlook
FY2022 Outlook Q2 Fiscal 2022E Outlook Category Revenue $x,xxx - $x,xxx million GAAP EPS $x.xx - $x.xx Non-GAAP(2) EPS $x.xx - $x.xx Share Count xxx million Effective Tax Rate Non-GAAP(2) XXXX high-end of annual target range Pro forma metrics exclude the financial impact of OpenMarket (which was div
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Slide 22: Let's make it amazing
Let's . make.it amazing © amdocs
Slide 23: Q4 and Full Year Fiscal 2022 Outlook
Q2 Fiscal 2022E Outlook Category Revenue $x,xxx - $x,xxx million GAAP EPS $x.xx - $x.xx Non-GAAP(2) EPS $x.xx - $x.xx Share Count xxx million Effective Tax Rate Non-GAAP(2) XXXX high-end of annual target range Pro forma metrics exclude the financial impact of OpenMarket (which was divested on Decemb
Slide 24: Appendix: Reconciliation Tables
Appendix Reconciliation Tables
Slide 25: Reconciliation Tables
Reconciliation Tables Since January 1, 2021, OpenMarket results are not included in the Consolidated Statements of Income given its divestiture. Tax payment related to capital gain from divesture of OpenMarket, which was completed on December 31, 2020. The amounts under "Purchase of property and equ
Slide 26: Reconciliation Tables
Reconciliation Tables Since January 1, 2021, OpenMarket results are not included in the Consolidated Statements of Income given its divestiture. Tax payment related to capital gain from divesture of OpenMarket, which was completed on December 31, 2020. The amounts under "Purchase of property and equ
Slide 27: Reconciliation Tables
Reconciliation Tables Since January 1, 2021, OpenMarket results are not included in the Consolidated Statements of Income given its divestiture. Tax payment related to capital gain from divesture of OpenMarket, which was completed on December 31, 2020. The amounts under "Purchase of property and equ
Slide 28: Let's make it amazing
Let's . make.it amazing © amdocs
Slide 29: Let's make it amazing
Let's 7 make. it amazing © amdocs