Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Q2 2013 Earnings Presentation
25 slides from Aci Worldwide's earnings presentation, Aug 7, 2013
Slide 1: Quarterly Results Presentation, June 30, 2013
Exhibit 99.2 ACI’s30, June Augustsoftware 8,2013 2013Quarterly underpinsResults electronic Presentation payments throughout retail and wholesale banking, and commerce all the time.
Slide 2: Safe Harbor Forward-Looking Statements
This Private 2to update presentation Securities any forward-looking contains Litigationforward-looking Reform statement Act of in 1995. 1995 this statements presentation, Safe A discussion Harbor based on except For ofcurrent these Forward-Looking as required forward-looking expectations by law. Sta
Slide 3: Quarterly Overview, Phil Heasley, Chief Executive Officer
Quarterly Phil ChiefHeasley Executive Overview Officer
Slide 4: Q2 Overview
Q2Phase –Online Full Pipeline Expect Long Evaluating 4Increased 2013 results year term Resources large 2strong in organic share of within strategic long-term Review ORCC Universal across repurchase (ex guidance acquisition efforts integration ORCC) debt all Payments regions issuance coming range, au
Slide 5: Financial Review, Scott Behrens, Chief Financial Officer
Financial Scott Chief Behrens Financial ReviewOfficer
Slide 6: Key Q2 Takeaways
Key Online New Backlog 6–Strong Corporate Rationalizing ORCC FY Expect 12 60 Q2 Takeaways month Sales organic OFCF 2013 Operating Resources Increased synergy topipeline full Bookings achieve backlog $22 consolidation year results certain from million, total Free Integration organic from significantl
Slide 7: Key Operating Takeaways
Key Solid -Operating Non-GAAP –Debt 7New Operating ORCC $4 Adjusted August, Non-GAAP ORCC Recurring Q2 Ended Repurchased million Takeaways Duration & revenue non-GAAP Revenue Liquidity quarter contributed contributed 2013 Expense EBITDA expense of Operating revenue impacted revenue Metric expenses Q
Slide 8: New Contract Term Metric
Contract New term –software 8over 2.56 2.71 2.85 2.41 2.46 2.40 1.00 2.00 3.00 4.00 5.00 Represents Excludes the license Metric contract contracts) Duration perpetual all Intended software dollar hosted term Metric average contracts contracts to Boost remaining Transparency (primarily as both contra
Slide 9: Guidance Q3 and FY 2013
Guidance Q3 9-FY Excludes Organic Depreciation Non-cash Diluted Expected 2013 Revenue SNET share revenue impact to compensation be increase and count Organic 25% growth of Outlook amortization one-time deferred of -year 26% ~40 (excluding expense inover of million the revenue transaction full expect
Slide 10: Appendix
MCI payment systems Appendix
Slide 11: Recurring Revenue
RecurringRecurring Monthly 11 Software Revenuelicense Revenue Q2 2013 fees$148.3 ($ Q1$millions) 21.9 2013$118.6 $Q4 24.7 2012 $109.0 $ 21.4 Q3 2012 $105.3 $ 24.7Q2 $$105.3 24.5 2012$Q1 $88.9 25.5 2012 Maintenance fees 57.8 58.6 54.7 47.6 49.4 42.1 Processing services 68.6 35.3 32.9 33.0 31.4 21.3
Slide 12: Historic Quarter-End Bookings and Sales Mix
Historic Total Quarter-End 3/31/2010 6/30/2010 1% 9/30/2010 7% 12/31/2010 25% 3/31/2011 11% 6/30/2011 13% 9/30/2011 15% 12/31/2011 8% 3/31/2012 6/30/2012 6% 9/30/2012 12/31/2012 12% 3/31/2013 5% 6/30/2013 19% Add-on inc. New Sales JUN Variance 12 43% 55% 61% 54% 66% 63% Capacity 41% YTD Accounts 34%
Slide 13: Sales Bookings and Term Extensions by Region
Sales Qtr EMEA Total 13 Ended Sales Bookings, Net 28,542 of Qtr (Net Term Ended 38,808 of Net Extensions Term of% -26% Term Growth Ext.) Asia-Pacific Extensions (SNET) $129,178 or Channel $112,272 18,260 Jun 13 12,781 15% Jun ORCC 12 43%Decline SNET Americas $17,383$82,376 Organic$60,683 ACI SNET 36
Slide 14: Non-GAAP Operating Income Reconciliation
Quarter 2013 Operating Deferred Plus: Employee IT Other Non-GAAP 14 exit2012 one-time costs Ended revenue income related Operating — transaction 3.1fair actions (loss) value Income $11.5 2.4 related adjustment 3.6 ($7.9) ($ millions) (Loss) expenses (millions) $ 2.0 17.49.6 1.5 $ 9.3 0.9 June 30,
Slide 15: Adjusted EBITDA Reconciliation
Quarter 2013 Income Plus: Net Depreciation Amortization Non-cash Deferred Employee IT Other Adjusted 15 exit income interest other 2012 one-time costs tax Ended revenue EBITDA EBIDTA expense compensation related expense (loss) expense —expense expense transaction 3.1fair actions $1.9 (income) $32.2
Slide 16: Operating Free Cash Flow Reconciliation
Reconciliation 2013 Net Less *Operating 16 cash after-tax capital 2012 Tax provided Free expenditures effected payments of Cash Operating (used) Flow atassociated 35% by (4.6) ($Free $21.8 operating millions) (3.5) ($3.8) Cash withactivities Flow employee-related lease one-time IBM IT (millions) ter
Slide 17: Non-Cash Items and EPS Impact
Non-Cash Software, (millions) $2013 EPS (Net Acquisition Amortization Non-cash Total *compensation 17Tax in Millions Impact of Acquisition 2012 Effected Tax) equity-based and June Compensation, Intangibles related EPS (Net $of Acquisition-Related $at in 30, 0.27 acquisition-related Impact 35% Intang
Slide 18: 60-Month Backlog
60-Month Quarter 2013 Americas EMEA Asia/Pacific Deferred Other Backlog 18 2013 2,875 691 Ended 60-Month Revenue $2,117 Backlog 2012 691 2,851 276653 275 $2,090 2,102 $209 ($239 (millions) $3,084 millions) $205 $1,414 $3,056 June $204$2,306 30, March 31, June 30.
Slide 19: Backlog Revenue Contributor
Backlog 2013 Revenue •Total Backlog 2012 Revenue as from 19 Revenue Decline a from Contributor Contributor Backlog $ 205,830 from monthly $of188,291 current of $Revenue 149,797 recurring Quarterly quarter $sales (thousands) 142,854 184.4% revenues Revenue Revenue 31.8% and Quarter consistent project
Slide 20: Non-GAAP Financial Measures
To considered acquisitions performance the measures financial non-GAAP Non-GAAP one-time Adjusted have be 20 supplement financial beenmeasures expense EBITDA: and recognized measures Financial revenue: operating of information and providing inORCC our addition our related reflect financial net futur
Slide 21: Non-GAAP Financial Measures (continued)
Non-GAAP payments anon-GAAP investing be for cash ACI believe executed 21 considered the is also flow period. also recognition contract includes activities, associated ispresenting Financial useful financial in This addition and backlog to of measure such with investors measure Measures our the oper
Slide 22: Non-GAAP Financial Measures: Backlog
Non-GAAP Backlog Maintenance License, Non-recurring Foreign Our Estimates inaccurate their customer in 60-month Backlogshouldbeconsideredinaddition 22 future pricing financial currency is facilities periods. contracts of period. or considered policies Financial future fees wrong, condition, license
Slide 23: Forward-Looking Statements
Forward-Looking This facts provisions Forward-looking regarding expectations related 23 presentation and to may revenue, full ofthat the year include Private we statements contains Statements operating organic will words Securities generate forward-looking SNET; in income orthis phrases $27 •present
Slide 24: Forward-Looking Statements (continued)
Forward-Looking All competition, industry, deferred delay impairment complexity regulations of software these Registration 24 forecasts ofrisk or thecancellation recognition development customer factors, foregoing and of of due Statement the our our industry to performance parties Statements product
Slide 25: ACI's software underpins electronic payments
ACI’s software underpins electronic payments throughout retail and wholesale banking, and commerce all the time, without fail. www.aciworldwide.com