Slide 1: Amdocs Fiscal Q3 2024 Earnings Presentation
Exhibit 99.2 Amdocs Limited NASDAQ: DOX Fiscal Q3 2024 Earnings Presentation August 7, 2024 Shuky Sheffer President & CEO Tamar Rapaport-Dagim CFO & COO
Slide 2: Disclaimer
Disclaimer The information contained herein in this presentation or delivered or to be delivered to you during this presentation does not constitute an offer, expressed or implied, or a recommendation to do any transaction in Amdocs Limited securities or in any securities of its affiliates or subsid
Slide 3: Today's speakers
Today’s speakers Shuky Sheffer President & Chief Executive Officer Tamar Rapaport-Dagim Chief Financial Officer & Chief Operating Officer Information Security Level 0 – Public. © 2024 – Proprietary & Confidential Information of Amdocs 3
Slide 4: Earnings call agenda
Earnings call agenda Strategy & business 1 performance update Shuky Sheffer, President & Chief Executive Officer 2 Financial review & outlook Tamar Rapaport-Dagim, Chief Financial Officer & Chief Operating Officer 3 Q&A Information Security Level 3 – Highly Sensitive. © 2024 – Proprietary & Confiden
Slide 5: Strategy and business performance update
Shuky Sheffer President & Chief Executive Officer Strategy and business performance update 5
Slide 6: Q3/24: Solid Financial Results
Q3/24: Solid Financial Results Thanks to our amazing people around the world, for their commitment to helping our customers provide seamless connectivity and amazing user experiences to billions of end users each day Amdocs at a Glance Close to $1B+ 3.1B 1.7B +95% 100% ~75% Successful People Daily d
Slide 7: Q3/24: Record Revenue, Accelerated Margin Improvement & Robust FCF Generation
Q3/24: Record Revenue, Accelerated Margin Improvement & Robust FCF Generation Non-GAAP (3) Revenue Non-GAAP EPS 12-month backlog (3) operating margin 18.6% $1.62 $1.25B $4.25B (1)(2) Up ~2% YoY +80bps YoY Higher end of our Up ~3% YoY in line with the midpoint expectations +20bps QoQ of our guidance,
Slide 8: Third Quarter Key Highlights
Third Quarter Key Highlights Consistent project Healthy sales momentum execution and operations Strong demand for Amdocs cloud solutions Another quarter of consistent execution and a high number of deployments Significant 5-year mainframe-to-cloud deal Go lives: Subscription CPQ Migration to Upgrade
Slide 9: Strategic Growth Framework
Strategic Growth Framework Our growth strategy, designed to provide the market-leading innovation our customers need Accelerate the journey to the cloud Digitally transform the customer experience for consumer and B2B Monetize the future market potential of 5G standalone networks, fixed wireless acc
Slide 10: Progress in Strategic Domains - Cloud
Progress in Strategic Domains - Cloud Strong partnerships Cloud Accelerate the journey to the cloud Signed significant 5-year mainframe-to-cloud migration and operation deal with AT&T Leverages Amdocs’ acquisition of Astadia and its technology capabilities Selected projects Business value Multi-year
Slide 11: Progress in Strategic Domains – Digital Modernization
Progress in Strategic Domains – Digital Modernization Digital Digitally transform the customer experience for consumer and B2B transformation Selected examples Business value Enables quick launch of new digital brands and connectX: Amdocs’ cloud-native SaaS platform services for different customer s
Slide 12: Progress in Strategic Domains - 5G, FWA and Fiber
Progress in Strategic Domains - 5G, FWA and Fiber 5G, FWA Monetize the future market potential of 5G standalone networks, fixed wireless access, and fiber with innovative services and Fiber Selected projects Business value Monetization platforms Enables seamless integration and enhanced upgrade and
Slide 13: Progress in Strategic Domains - Network Automation
Progress in Strategic Domains - Network Automation Network Deliver dynamic connected experiences by streamlining and automating complex network ecosystems automation Selected projects Business value Intelligent Networking Suite Enabling a wide range of provisioning * + changes, capacity planning and
Slide 14: Progress in strategic domains – GenAI
Progress in strategic domains – GenAI Generative AI An industry leader in helping service providers unlock Strategy Acceleration the transformative potential of Gen AI GenAI Commercial Production-Proven Strong Collaboration Momentum Business Value with Industry Leaders Demonstrating proven results a
Slide 15: Current Operating Environment
Current Operating Environment We continue to Healthy pipeline of Cloud-related GenAI strategy Commitment to operate in a opportunities across activities on track is gaining operational challenging strategic areas for double-digit momentum excellence and industry demand revenue growth in as we shift
Slide 16: FY24 outlook
FY24 outlook A B 2.3%-3.1% YoY growth ~$700m Free cash (1) Revenue Reiterating 2.7% midpoint while flow ~90%+ earning-to-cash flow tightening the range conversion, and represents a (3)(4) healthy free cash flow yield of Expect double-digit cloud revenue ~7% growth C D 18.1% - 18.7% 8.5%-9.5% YoY gro
Slide 17: Financial review & outlook
Tamar Rapaport-Dagim Chief Financial Officer & Chief Operating Officer Financial review & outlook 17
Slide 18: Q3 2024 Revenue vs. Guidance
Q3 2024 Revenue vs. Guidance Q3 2024 Results Q3 FY2024 $ Millions Revenue was at the guidance Q3 Revenue midpoint, adjusting for $5M Financial currency impact $1,250 million (1) +1.1% YoY, +1.8% constant currency $1,255 $1,250 Highlights In line with guidance midpoint adjusting for $5M currency impa
Slide 19: Record Quarterly 12-Month Backlog in Q3F24
Record Quarterly 12-Month Backlog in Q3F24 Leading Indicators $ Billions 12-month backlog growth has accelerated & Business Model year-over-year over the past several quarters Visibility $4.25 $4.23 $4.21 (1) (1) 12-Month Backlog (1) $4.15 $4.14 ~$4.25B (1) Record-high as of June 30, 2024 Q3F23 Q4F2
Slide 20: Managed Services Revenue: Q3 FY2024
Managed Services Revenue: Q3 FY2024 Leading Indicators $ Billions & Business Model $741 $720 Managed services arrangements support business model resiliency with highly Visibility 59% of recurring revenue streams, multi-year revenue engagements and high renewal rates, and may also include large-scal
Slide 21: Q3 2024 Free cash flow bridge
(1) DSO’s Q3 2024 Free cash flow bridge Balance Sheet 74 days FCF includes ~$18M -5 days YoY and -2 days QoQ restructuring payments DSO’s may fluctuate from quarter to quarter ~$16 ~$191 & Cash Flow $175 The sequential quarter change in unbilled * receivables net of deferred revenue was $40 million
Slide 22: Q3 2024 Cash Returned to Shareholders
Q3 2024 Cash Returned to Shareholders $ Millions Disciplined Capital Board authorized quarterly dividend payment: 47.9 cents Allocation Dividends, Payable on October 25, 2024, to shareholders $56 on record date of September 30, 2024 (1) Reiterates free cash flow (FCF) target Returned $601M to shareh
Slide 23: FY2024 Revenue Growth
FY2024 Revenue Growth (2) YoY% Growth Constant Currency Revenue Growth Outlook Reiterates 2.7% midpoint of FY2024 revenue growth outlook of 2.3%-3.1% (2) YoY constant currency Expects revenue growth of 1.9%-2.7% 10.3% YoY as reported, incorporating an Reiterates 7.7% 3.1% unfavorable foreign currenc
Slide 24: Quarterly Non-GAAP Operating Margin: FY2018 – FY2024E
(1) (2) Quarterly Non-GAAP Operating Margin: FY2018 – FY2024E Profitability $ Millions (1) FY2024E Non-GAAP Operating margin Improvement target range: 18.1%-18.7% 18.7% On-Track On pace to achieve accelerated profitability improvement in FY2024, 18.1% including stronger second half non- GAAP operati
Slide 25: FY2024 Total Shareholder Return
(3)(4) FY2024 Total Shareholder Return (2) Non-GAAP Diluted EPS Growth YoY % + Dividend Yield (1) FY21 and FY22 non-GAAP EPS growth is presented pro forma Non-GAAP EPS Outlook th 4 consecutive year of double-digit expected total (2) Reiterates 9% midpoint of non-GAAP shareholder returns* in FY2024 1
Slide 26: Committed to ESG
Committed to ESG Achieved a 55% reduction in Amdocs’ Scope 1&2 CO2 emissions since fiscal 2019, far exceeding our Science TIME Magazine Based Target commitments names Amdocs as one of World’s Most Sustainable Companies 2024 Amdocs’ global consumption of renewable energy reached nearly Amdocs’ ESG 59
Slide 27: Q&A
Q&A Information Security Level 3 – Highly Sensitive. © 2024 – Proprietary & Confidential Information of Amdocs 27 27 27
Slide 28: Appendix: Outlook & Reconciliation Tables
Appendix Outlook & Reconciliation Tables Information Security Level 3 – Highly Sensitive. © 2024 – Proprietary & Confidential Information of Amdocs 28 28 28
Slide 29: Q4 Fiscal 2024 Outlook
Q4 Fiscal 2024 Outlook Q4 & FY2024 Revenue $1,240 - $1,280 million Outlook $1.34 - $1.42 GAAP EPS (1) Non-GAAP EPS $1.67 - $1.73 Share Count 115 million Positioned to deliver double- Effective Tax Rate High-end of annual target range of 13.0% - 17.0% (1) Non-GAAP digit expected total shareholder ret
Slide 30: Reconciliation Tables
Reconciliation Tables (a) The amounts under Purchase of property and equipment, net”, include immaterial proceeds from sale of property and equipment for the nine months ended June 30, 2024 and 2023, respectively. Information Security Level 2 – Sensitive. © 2024 – Proprietary & Information Security
Slide 31: Reconciliation Tables
Reconciliation Tables Information Security Level 2 – Sensitive. © 2024 – Proprietary & Information Security Level 3 – Highly Sensitive. © 2024 – Proprietary & Confidential Information of Amdocs 31 31 Confidential Information of Amdocs
Slide 32: Reconciliation Tables
Reconciliation Tables Information Security Level 2 – Sensitive. © 2024 – Proprietary & Information Security Level 3 – Highly Sensitive. © 2024 – Proprietary & Confidential Information of Amdocs 32 32 Confidential Information of Amdocs
Slide 33: Board of Directors
(QS BoD 2024 Board of Directors make.it . Q- amdocs | amazing