Temenos Ag · SIX:TEMN
Temenos — Investor Presentation (February 2018)
8 slides from Temenos's investor presentation, Feb 13, 2018
Slide 1: Temenos - The banking software company
Slide 2: IFRS Overview
IFRS Overview 13 February 2018
Slide 3: Disclaimer
Disclaimer 3 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-loo
Slide 4: IFRS 15 Transition
IFRS 15 Transition 4 Temenos will adopt IFRS 15 using the modified retrospective method Only contracts not satisfied at the 31st Dec 2017 will transition to IFRS 15 2018 results will be provided under both IFRS 15 and under the previous reporting standards Prior comparative periods will not
Slide 5: IFRS 15 Income statement changes 2018 Onwards
IFRS 15 Income statement changes 5 Temenos’ business model and practises will not change as a result of IFRS 15 neither will how the majority of the revenue is reported There will be a change in the geography of the revenue as subscriptions will be reported under software licensing and maintenan
Slide 6: Subscription Revenue
Subscription Revenue 6 Previous reporting standards IFRS 15 Revenue from Subscription accounting is The licensing obligation of the contract will combined and recognised rateably across be separated from the other performance the period of the subscription. obligations and recognised upon delivery.
Slide 7: Financial impact of IFRS 15
Financial impact of IFRS 15 7 2018 opening balance sheet adjustment will In USDm IFRS15 be a deferral of less than USD 5m on Net Software licensing 42 Earnings post Tax SaaS and subscription (47) Total software licensing (5) Maintenance 5 The net impact on 2018 total revenue and Services - earni
Slide 8: Thank You
Thank You TEMENOS The banking software company