Aci Worldwide, Inc. · NASDAQ:ACIW

Aci Worldwide — Q1 2013 Earnings Presentation

24 slides from Aci Worldwide's earnings presentation, May 2, 2013

  1. Slide 1: Quarterly Results Presentation, March 31, 2013

    March 31, 2013 Quarterly Results Presentation May 2, 2013 ACI's software underpins electronic payments throughout retail and wholesale banking, and commerce all the time. Exhibit 99.2

  2. Slide 2: Safe Harbor For Forward-Looking Statements

    2 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 provisio

  3. Slide 3: Quarterly Overview

    Quarterly Overview Phil Heasley Chief Executive Officer

  4. Slide 4: Q1 2013 in Review

    Q1 2013 in Review 4 Acquisition of Online Resources Corporation completed on March 11 -Expect to achieve $19.5 million in annual cost savings Acquisition of ORCC contributes $660 million to 60-month backlog Strong organic new sales bookings, net of term extensions Visibility into forward revenue and

  5. Slide 5: Financial Review

    Financial Review Scott Behrens Chief Financial Officer

  6. Slide 6: Key Takeaways from the Quarter

    6 Key Takeaways from the Quarter Closed ORCC transaction on March 11, 2013 $19.5 million of cost synergies are substantially complete Expect to achieve 7.5 months of savings in 2013, or approximately $12 million Additional cost synergies expected from facilities and datacenter consolidation to be co

  7. Slide 7: Key Takeaways from the Quarter: Solid Revenue Quarter

    7 Key Takeaways from the Quarter Solid Revenue Quarter Revenue increase driven from inclusion of ORCC and a full quarter of S1 Strong recurring revenue, up $30 million (33%) or $8 million (10%) ex ORCC and incremental S1 contribution Recurring revenue represented 73% of combined revenue Timing of 'g

  8. Slide 8: 2013 Outlook

    8 2013 Outlook Reaffirming full year organic guidance Combined Guidance Represents 9 2/3 months of financial results of ORCC Includes 7.5 months of annual cost synergies of $12 million to be realized in 2013 Excludes impact of one-time transaction and integration expenses expected to be approximatel

  9. Slide 9: Appendix

    4 Appendix

  10. Slide 10: Monthly Recurring Revenue

    Monthly Recurring Revenue ($ millions) 10 Quarter Ended March 31, Quarter Ended March 31, 2013 2012 Monthly software license fees $24.7 $25.5 Maintenance fees 58.6 42.1 Processing services 35.3 21.3 Monthly Recurring Revenue $118.6 $88.9

  11. Slide 11: Historic Sales Bookings By Quarter 2012-2013

    11 Historic Sales Bookings By Quarter 2012-2013

  12. Slide 12: Sales Bookings, Net of Term Extensions

    Sales Bookings, Net of Term Extensions 12

  13. Slide 13: Non-GAAP Operating Income

    Non-GAAP Operating Income ($ millions) 13 Quarter Ended March 31, Quarter Ended March 31, 2013 2012 Operating loss $(4.0) $(1.6) Plus: Deferred revenue fair value adjustment 1.1 4.3 Accelerated share-based compensation - 2.4 Employee related actions 1.9 7.4 Other one-time acquisition related expense

  14. Slide 14: Adjusted EBITDA

    Adjusted EBITDA ($ millions) 14 Quarter Ended March 31, Quarter Ended March 31, 2013 2012 Net loss $(2.2) $(1.8) Plus: Income tax expense (benefit) (2.4) (0.6) Net interest expense (income) 3.8 1.6 Net other expense (income) (3.2) (0.9) Depreciation expense 3.8 2.7 Amortization expense 10.4 7.5 Non-

  15. Slide 15: Operating Free Cash Flow

    Operating Free Cash Flow ($ millions) 15 * Tax effected at 35% Quarter Ended March 31, Quarter Ended March 31, 2013 2012 Net cash provided (used) by operating activities $34.9 $(12.6) Net after-tax payments associated with employee-related actions 1.5 0.6 Net after-tax payments associated with lease

  16. Slide 16: Non-Cash Compensation, Acquisition Intangibles and Software, and Acquisition-Related Expenses

    Non-Cash Compensation, Acquisition Intangibles and Software, and Acquisition-Related Expenses 16 Quarter Ended March 31, Quarter Ended March 31, Quarter Ended March 31, Quarter Ended March 31, 2013 2013 2012 2012 EPS Impact $ in Millions (Net of Tax) EPS Impact $ in Millions (Net of Tax) Acquisition

  17. Slide 17: 60-Month Backlog

    60-Month Backlog ($ millions) 17 Quarter Ended March 31, Quarter Ended March 31, 2013 2012 Americas $2,090 $1,429 EMEA 691 719 Asia/Pacific 275 268 Backlog 60-Month $3,056 $2,416 Deferred Revenue $205 $191 Other 2,851 2,225 Backlog 60-Month $3,056 $2,416

  18. Slide 18: Backlog as a Contributor of Quarterly Revenue

    Backlog as a Contributor of Quarterly Revenue Backlog from monthly recurring revenues and project go-lives continues to drive current quarter GAAP revenue Revenue from current quarter sales consistent with prior quarters 18 Quarter Ended March 31, Quarter Ended March 31, % Growth or Decline 2013 201

  19. Slide 19: Non-GAAP Financial Measures

    Non-GAAP Financial Measures To supplement our financial results presented on a GAAP basis, we use the non-GAAP measure indicated in the tables, which exclude certain business combination accounting entries and expenses related to the acquisitions of ORCC and S1, as well as other significant non-cash

  20. Slide 20: Non-GAAP Financial Measures: Operating Free Cash Flow

    Non-GAAP Financial Measures ACI is also presenting 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, net after-tax payments associated with acquisition related transacti

  21. Slide 21: Non-GAAP Financial Measures: Backlog

    Non-GAAP Financial Measures 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

  22. Slide 22: 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

  23. Slide 23: Forward-Looking Statements

    Forward-Looking Statements 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 performance of our strategic product, B

  24. Slide 24: 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

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