Slide 1: Fiscal Q4 2022 Earnings Presentation
Exhibit 99.2 Fiscal Q4 2022 Earnings Presentation November 8, 2022 Shuky Sheffer President & CEO Tamar Rapaport-Dagim CFO & COO
Slide 2: Forward-looking statements 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 subsidiaries. Thi
Slide 3: Today's Speakers
Today’s Speakers Shuky Tamar Sheffer Rapaport-Dagim President & Chief Financial Officer & Chief Executive Officer Chief Operating Officer IIn nf for orm ma at tiion on Se Sec cu ur riit ty y L Le evel vel 0 0 – – P Pu ub blliic c. . © © 20 2022 22 – – P Pr rop opr riie et ta ar ry y & & Con Conf fii
Slide 4: Earnings call agenda
Earnings call agenda Strategy & Business Performance Update 1 Shuky Sheffer, President & Chief Executive Officer Financial Review & FY2023 Outlook 2 Tamar Rapaport-Dagim, Chief Financial Officer & Chief Operating Officer Q&A 3 Information Security Level 0 – Public. © 2022 – Proprietary & Confidentia
Slide 5: Strategy and Business Performance Update
President & Chief Executive Officer Strategy and Business Performance Update IIn nf for orm ma at tiion on Se Sec cu ur riit ty y L Le evel vel 0 0 – – P Pu ub blliic c. . © © 20 2022 22 – – P Pr rop opr riie et ta ar ry y & & Con Conf fiid de en nt tiia all IIn nf for orm ma at tiion on of of A Am
Slide 6: FY22: landmark year for the company
FY22: landmark year for the company We delivered accelerated and profitable growth while playing a major role in serving the mission-critical needs and strategic requirements of the global communications and media industry None of this would have been possible without the dedication and commitment o
Slide 7: Record annual financial performance
Record annual financial performance Strong fiscal 2022 financial performance with solid Q4 results, in line with our guidance, despite FX headwinds throughout the quarter (3) (3) 12-month backlog Non-GAAP EPS Revenue Free cash flow Record $4,577m Record $3.97B Record $5.30 $665m 102% earning to (1)(
Slide 8: FY22 Operational Highlights
FY22 Operational Highlights (1)(2) Growth in all 3 Technological Unrivalled execution operating regions leadership Record year in North America: Record R&D spend (i) Progressing on major transformation >30 accounts on latest CES 20+ suite projects Rapid cadence Microservices based (ii) Extended acti
Slide 9: Committed to making a positive impact
Committed to making a positive impact 1 example out of dozens CSR activities Corporate social responsibility is tightly interwoven with our Enable the rollout of Winity’s 4G and 5G networks across remote strategic business focus communities in Brazil at Amdocs and bringing connectivity to more will
Slide 10: Progress in Strategic Domains
Progress in Strategic Domains Enable our customers to drive growth, improve cost-efficiency and provide an amazing experience to consumers and enterprises business value wins Migrate Amdocs systems from Enable quick adoption of latest 5G innovations, provide Cloud on-premises to the cloud flexibilit
Slide 11: FY23 Outlook: Expect revenue growth in line with our 6%-10% long term target
FY23 Outlook: Expect revenue growth in line with (1) our 6%-10% long term target While Amdocs and our global customers are not immune to macroeconomic cycles, we are confident in our unique and relatively resilient business model: Highly recurring revenue Rich pipeline of Supporting mission- with mu
Slide 12: FY23 Outlook: Expect revenue growth in all operating regions
FY23 Outlook: Expect revenue growth in all operating regions with improved profitability and robust cash flow generation A B YoY growth % margin Non-GAAP Consistent with our long-term guidance (1) − Revenue EBIT Driven by growth across all operating − (2) compared to FY22 Margin regions with Europe
Slide 13: Financial Update & Outlook
Chief Financial Officer & Chief Operating Officer Financial Update & Outlook IIn nf for orm ma at tiion on Se Sec cu ur riit ty y L Le evel vel 0 0 – – P Pu ub blliic c. . © © 2022 2022 – – P Pr rop opr riie et ta ar ry y & & Con Conf fiid de en nt tiia all IIn nf for orm ma at tiion on of of A Am m
Slide 14: Q4 2022 Results
Q4 2022 Results Q4 2022 Revenue vs. Guidance $ Millions Q4 Revenue Despite $9M foreign currency $1,167 million headwind vs guidance (2) +7.3% YoY, +9.5% constant currency Slightly above guidance midpoint $1,167 $1,165 ($1,145M - $1,185M) (3) Q4 Non-GAAP Operating Margin Original Q4F22 Q4F22A Guidanc
Slide 15: Revenue Growth
Revenue Growth (2) Very strong growth in Y/Y% growth constant currency North America, both at (1) (2) FY2021 & FY2022 are pro forma constant currency top two customers and 10.3% the broader region Initial guidance 7.0% midpoint (1)(2) Europe grew on ~8% YoY ramp-up of new project activities (1)(2) (
Slide 16: 12-Month Backlog
12-Month Backlog Record Quarterly 12-Month Backlog in Q4F22 12-month backlog growth has accelerated $ Billions $3.97 $3.95 year-over-year over the past several quarters $3.89 $3.83 Record-high level as of $3.69 September 30, 2022 (1)~ +7.6% (1) YoY $3.59 ~ +7.6% YoY, +$20M QoQ (1) (1) Q3F21 Q4F21 Q1
Slide 17: Managed Services Revenue: Q4 2022
Managed Services Revenue: Q4 2022 $ Millions Managed services arrangements support Managed Services business model $715 resiliency with highly $638 recurring revenue streams, multi-year ~ +12% engagements and YoY high renewal rates, and may also include ~ +12.1% YoY large-scale digital Q4F21 Q4F22 ~
Slide 18: Q4 2022 Free cash flow bridge
(2) DSO’s Q4 2022 Free cash flow bridge Reported FCF vs. Normalized FCF, $ Millions 74 days +1 days YoY and -8 days QoQ $217 $82 DSO’s may fluctuate from quarter to quarter $176 $135 Deferred revenue > unbilled $41 -$7 million YoY Deferred revenue: -$23M YoY Unbilled receivables: -$16M YoY Items flu
Slide 19: Q4 2022 Cash Returned to Shareholders
Q4 2022 Cash Returned to Shareholders Dividend Growth $ Millions Board authorized new quarterly dividend payment: Dividends, $48 43.5 cents, +10% New payment subject to shareholder Share approval at Amdocs annual meeting in repurchases, January 2023 $108 As of September 30, roughly $0.5B of share re
Slide 20: Revenue Growth and EPS Growth
Revenue Growth (4) YoY% Growth Constant Currency (1) (4) FY21 and FY22 revenue is pro forma constant currency 10.0% 10.3% Expect midpoint of 7.0% ~6%-10% YoY guidance 4.1% 6.0% 2.4% (1)(4) (4) (1)(4) (4) Revenue growth of in FY2023E, FY2019 FY2020 FY2021 FY2022 FY2023E (5) including from MYCOM OSI N
Slide 21: Q&A
Q&A Information Security Level 0 – Public. © 2022 – Proprietary & Confidential Information of Amdocs 21 21
Slide 22: Let's make it amazing
Let's . make it amazing ©: amdocs
Slide 23: Q1 Fiscal 2023 Outlook
Q1 Fiscal 2023 Outlook $1,155 - $1,195 million Revenue GAAP EPS $1.00 - $1.08 (1) Non-GAAP EPS $1.29 - $1.35 Share Count 122 million Above high-end of annual Effective Tax Rate (1) Non-GAAP target range of 13%-17% Full Year Fiscal 2023 Outlook Firmly positioned to deliver Revenue growth 4.0% - 8.0%
Slide 24: Appendix Reconciliation Tables
Appendix Reconciliation Tables Information Security Level 0 – Public. © 2022 – Proprietary & Confidential Information of Amdocs 24 24
Slide 25: Selected Financial Metrics
AMDOCS LIMITED Selected Financial Metrics (In thousands, except per share data) Three months ended Fiscal year ended September 30, September 30, (a) 2022 2021 2022 2021 Revenue $ 1,166,504 $ 1,087,309 $ 4,576,697 $ 4,288,640 Non-GAAP operating income 205,337 190,195 804,894 750,665 Non-GAAP net inco
Slide 26: Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP
AMDOCS LIMITED Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP (In thousands) Three months ended September 30, 2022 Reconciliation items GAAP Amortization Equity based Changes in Non-GAAP Other Tax of purchased compensation certain effect intangible expense acquisitions assets and
Slide 27: Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP
AMDOCS LIMITED Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP (In thousands) Fiscal year ended September 30, 2022 Reconciliation items GAAP Amortization of Equity based Changes in certain Non-GAAP Gain from Other Tax purchased compensation acquisitions related sale of a effect in
Slide 28: Let's make it amazing
Let's . make it amazing ©: amdocs