Temenos Ag · SIX:TEMN
Temenos — Investor Presentation (March 2012)
18 slides from Temenos's investor presentation, Mar 14, 2012
Slide 1: The Banking Software Company
\é The Banking Software Company
Slide 2: Investor Call – 2012 Outlook
Investor Call – 2012 Outlook 14 March 2012
Slide 3: Disclaimer
Disclaimer Any remarks that we may make about future expectations, plans and prospects for the company constitute forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of various factors. In particular, the forward-looki
Slide 4: Agenda
Agenda 1 Introduction | Sarah Bowman | Investor Relations 2 Business Update and Outlook| Guy Dubois | CEO 3 Financial update | David Arnott | CFO 4 Q&A 4
Slide 5: Agenda: Business Update and Outlook
Agenda 1 Introduction | Sarah Bowman | Investor Relations 2 Business Update and Outlook| Guy Dubois | CEO 3 Financial update | David Arnott | CFO 4 Q&A 5
Slide 6: Core Banking Market Dynamics
Core Banking Market Dynamics Financial services industry System renewal will improve return on equity profitability has been rebased 1. Market Rapid launch of new products and services Return on Equity (%) development Faster time to market Pre-Crisis Global Financial Sovereign Debt Crisis Crisis
Slide 7: Market Conditions
Market Conditions 1 Market remains difficult, especially in Europe 2 LTRO should help, but significant uncertainty remains 3 Emerging markets performing better 4 Existing business also more resilient 5 Pricing robust, but absence of megadeals 6 Trends confirmed by latest IBS League Table results Con
Slide 8: Temenos’ position
Temenos’ position 1 Market-leading value proposition 2 Continue to extend market leadership in 2011 3 Largest installed base in the industry 4 Pricing robust 5 Well-exposed to fast-growing markets Very well-positioned to benefit from any recovery in end markets 8
Slide 9: Temenos’ Strategic Priorities
Temenos’ Strategic Priorities 1 Extend leadership with innovative apps built on superior architecture 2 Place a relentless focus on sales to drive growth 3 Create a profitable, knowledge led, expert services organisation 4 Continue to strengthen our partner ecosystem 5 Exploit growth opportunities w
Slide 10: 2012 Outlook
2012 Outlook Key Performance Indicator Outlook Implied Range Total Revenue Growth -5% to +6% USD450-500m Adj. EBIT Margin* 19% to 22% USD85-110m Employee & Customer Sat Adjusted Operating Cash** to 100% Adjusted EBITDA*** Percentage and USD ranges calculated based on spot rates at the end of January
Slide 11: Agenda: Financial update
Agenda 1 Introduction | Sarah Bowman | Investor Relations 2 Business Update and Outlook| Guy Dubois | CEO 3 Financial update | David Arnott | CFO 4 Q&A 11
Slide 12: 2012 Cost Reconciliation
2012 Cost Reconciliation 2011 to 2012 Adjusted Cost Reconciliation (USDm) 400 390 386 Discr.** Variable* Variable* 350 25 341 300 250 200 2011 Total Cost s Restructuring 2012e F ix ed Costs 2012e Variable Costs 2012e T ot al Costs 2011 Total Cost Savings 2012e Fixed 2012e 2012e Total Costs Costs Var
Slide 13: 2011 vs. 2010 Licence Composition
2011 vs. 2010 Licence Composition 2010 Licence Revenue Split 2011 Licence Revenue Split Existing customers New customers Existing customers New customers Mature Mature markets 13% markets 22% 45% 54% 33% 33% Developing Developing markets markets Our exposure to the most difficult markets decreased i
Slide 14: Mid-term Financial Goals
Mid-term Financial Goals 1 Return to 10-15% annual licence growth 2 Restore Services to double-digit margins 3 Keep Services Contribution to c. 25% of total revenues 4 Increase Adj. EBIT margins by 100-150bps on average p.a. 5 Maintain 100% conversion of EBITDA into Cash from Ops We aim for consiste
Slide 15: Agenda: Q&A
Agenda 1 Introduction | Sarah Bowman | Investor Relations 2 Business Update and Outlook| Guy Dubois | CEO 3 Financial update | David Arnott | CFO 4 Q&A 15
Slide 16: Appendices
Appendices ‘e TEMENOS 16 The Banking Software Company
Slide 17: FX and other assumptions
FX and other assumptions FX Spot Rates underlying Outlook USD/EUR 0.761 USD/GBP 0.635 USD/CHF 0.916 17
Slide 18: Thank You
c hh Thank You