Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Q1 2017 Earnings Presentation
21 slides from Aci Worldwide's earnings presentation, May 4, 2017
Slide 1: Quarterly results, March 31, 2017
May 4, 2017 March 31, 2017 Quarterly results ACI Worldwide Exhibit 99.2
Slide 2: Safe Harbor For Forward-Looking Statements
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 provisions
Slide 3: Quarter in Review
Phil Heasley Chief Executive Officer Quarter in Review
Slide 4: Q1 2017 in Review
Q1 2017 in Review Revenue up 10% Adjusted EBITDA up 68% Free cash flow up 157% Continued traction with Universal Payments Reiterating guidance
Slide 5: Financial Review
Scott Behrens Chief Financial Officer Financial Review
Slide 6: Key Takeaways from the Quarter
Key Takeaways from the Quarter Bookings Total bookings down 14% and renewal bookings up 34%, adjusted for FX and CFS We continue to expect full year new bookings growth to be in the high single digits Backlog 12-month backlog of $814 million, down $6 million from Q4 2016, adjusted for FX 60-month ba
Slide 7: Reiterating 2017 Guidance
Reiterating 2017 Guidance Guidance New bookings growth expected to be in the upper single digits Revenue and Adjusted EBITDA phasing by quarter consistent with seasonal history Guidance excludes approximately $14 million in one-time integration related expenses for PAY.ON, the CFS divestiture and da
Slide 8: Appendix
Appendix
Slide 9: Monthly Recurring Revenue
Monthly Recurring Revenue Monthly Recurring Revenue (millions) Quarter Ended March 31, Monthly SaaS and platform 99.4 ¢$ 111.7 Maintenance 54.5 $7.3 Monthly license 18.8 17.1 Monthly Recurring Revenue 172.7 186.1 CFS contribution = 14.3 Monthly Recurring Revenue 172.7 $ 171.8} JACI piers:
Slide 10: Historic Bookings By Quarter
Historic Bookings By Quarter
Slide 11: Non-GAAP Operating Income (Loss)
Non-GAAP Operating Income (Loss)
Slide 12: Adjusted EBITDA
rive UNIVERSAL PAYMENTS Adjusted EBITDA Adjusted EBITDA (millions) Quarter Ended 7 ies income (loss) ($1.6) $89.1 *reore tax expense (benefit (4.2) 37.0 Net interest expense, 10.0 103 Net other expense ‘ncore) (0.6) 03 Depreciation expens: 63 55 ization expense 19.3 21.0} Non-cash compensation expen
Slide 13: Operating Free Cash Flow
Operating Free Cash Flow * Tax effected at 35%
Slide 14: 60-Month Backlog
—SSSSSSSSQ— 60-Month Backlog Backlog 60-Month (millions) ACI On Premise ACI On Demand Backlog 60-Month Deferred Revenue Oth er Backlog 60-Month Quarter Ended March 31, December 31, 2017 2016 $1,709 $1,718 2,303 2,298 $4,012" $4,016 $165 $155 3,847 3,861 $4,012 $4,016 IACI piers
Slide 15: EPS Impact of Non-Cash and Significant Transaction Related Items
EPS Impact of Non-Cash and Significant Transaction Related Items
Slide 16: Universal Payments
UNIVERSAL i\e PAYMENTS. f UP ‘CONFIDENTIAL
Slide 17: Non-GAAP Financial Measures
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 certain business combination accounting entries, significant transaction related expenses, as well as other significant non-cash expenses suc
Slide 18: 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 payments associated with acquired opening balance sheet liabilities, net after-tax payments associated with employee-related actions and facility closures,
Slide 19: 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
Slide 20: 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
Slide 21: 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 success of our Universal Payments stra