Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Q2 2019 Earnings Presentation
19 slides from Aci Worldwide's earnings presentation, Aug 8, 2019
Slide 1: ACI Worldwide Q2 2019 Quarterly Earnings Presentation
ACI WORLDWIDE Q2 2019 QUARTERLY EARNINGS PRESENTATION Exhibit 99.2
Slide 2: 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 of the Private Securities Litigation Reform Act of 1995. A discussion of these forward-look
Slide 3: Quarter in Review
Phil Heasley Chief Executive Officer Quarter in Review
Slide 4: Quarterly Review
Quarterly Review Q2 revenue grew 27% Adjusted EBITDA grew 80% ACI On Demand margin improvement continues Speedpay acquisition integration on track Reiterating full-year guidance
Slide 5: Financial Review
Scott Behrens Chief Financial Officer Financial Review
Slide 6: Bookings, Backlog, Revenue, Adjusted EBITDA, Debt and Liquidity
*Adjusted for fx and Speedpay acquisition Bookings Total bookings were $301 million, up 52% from Q2 2018 New bookings were $129 million, up slightly from Q2 2018 Backlog* 12-month backlog of $1.1 billion, up $16 million from Q1 2019 60-month backlog of $5.7 billion, up $29 million from Q1 2019 Reven
Slide 7: 2019 Guidance
2019 Guidance Q3 2019 revenue expected to be $335 million to $345 million New bookings growth expected to be in the upper single digits to low double digits 2019 adjusted operating free cash flow expected to be in the range of $190 million to $200 million 2019 guidance excludes between $30 million a
Slide 8: Appendix
Appendix
Slide 9: Recurring Revenue
Recurring Revenue Quarter Ended June 30, Recurring Revenue (millions) 2019 2018 SaaS and PaaS fees $ 172.5 $ 113.6 Maintenance fees 51.9 56. ts 580 Recurring Revenue MAC bivsienrs:
Slide 10: Historic Bookings By Quarter
Historic Bookings By Quarter
Slide 11: Adjusted EBITDA and Segmented Data
Adjusted EBITDA and Segmented Data
Slide 12: Adjusted Operating Free Cash Flow and 60-Month Backlog
Adjusted Operating Free Cash Flow and 60-Month Backlog
Slide 13: EPS Impact of Non-Cash and Significant Transaction-Related Items
EPS Impact of Non-Cash and Significant Transaction-Related Items
Slide 14: Contract Duration Metric
Contract Duration Metric Represents dollar average remaining contract life (in years) for term license software contracts Excludes perpetual contracts (primarily acquired software contracts) Excludes all On Demand contracts as both cash and revenue are ratable over the contract term
Slide 15: 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 significant transaction related expenses, as well as other significant non-cash expenses such as depreciation, amortization, and non-cash compensation, that we believe a
Slide 16: Non-GAAP Financial Measures: Adjusted Operating Free Cash Flow
Non-GAAP Financial Measures ACI is also presenting adjusted operating free cash flow, which is defined as net cash provided by operating activities, plus net after-tax payments associated with employee-related actions and facility closures, plus net after-tax payments associated with significant tra
Slide 17: Backlog Non-GAAP Financial Measure
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 term for those contracts in
Slide 18: 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 “believes,” “will,” “expects,” “a
Slide 19: Forward-Looking Statements Risk Factors
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 strategy, demand for our produc