Ss&c Technologies Holdings, Inc. · NASDAQ:SSNC
Ss&c Technologies — Q2 2025 Earnings Presentation
21 slides from Ss&c Technologies's earnings presentation, Jul 23, 2025
Slide 1: SS&C Technologies Q2 2025 Earnings Results
SS&C Technologies (NASDAQ:SSNC) Q2 2025 Earnings Results
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains forward-looking statements, as defined by federal and state securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans,
Slide 3: Q2 2025 Highlights
Q2 2025 HIGHLIGHTS • Q2 2025 GAAP Revenue growth and Adjusted Revenue growth were 5.9 percent. • Q2 Adjusted Organic Revenue Growth was 3.5 percent, Financial Services Recurring Revenue Growth was 3.9 percent. • Net cash generated from operating activities of $645.1 million for the six months ended
Slide 4: Q2 2025 Financial Highlights
Q2 2025 FINANCIAL HIGHLIGHTS Metric Q2 2025 Q2 2024 $ +/- % +/- Adjusted Revenues ($M) $1,537.8 $1,452.4 $85.4 5.9% Adjusted Operating Income attributable to SS&C ($M) $583.5 $541.7 $41.8 7.7% Adjusted Consolidated EBITDA attributable to SS&C ($M) $600.4 $558.9 $41.5 7.4% Adjusted Consolidated EBITD
Slide 5: Debt Review and Capital Allocation
DEBT REVIEW AND CAPITAL ALLOCATION SS&C generated net cash from operating activities of Mix of Capital Allocation $372.9 million for the three months ended June 30, Q2 2025 - $376 million 2025, compared to $384.9 million for the same period 3% in 2024; Q2 2025 cash flow conversion was 101.9%. 9% • D
Slide 6: Recently Announced Acquisition – Calastone
RECENTLY ANNOUNCED ACQUISITION – CALASTONE Key Statistics $109M 2024 Revenue Estimated Close in Q4 2025 $1.03 Billion Purchase Price 250 Company Overview Strategic Rationale Employees • The largest global funds network • Expand SS&C's offering in ETF connecting Managers, Distributors and servicing,
Slide 7: Organic Growth Calculations 2025
ORGANIC GROWTH CALCULATIONS 2025 Q1 2025 Q2 2025 Total Adjusted Revenues ($M) 1,514.8 1,537.8 FX ($M) 6.9 (13.6) Acquisitions ($M) (13.0) (20.8) Organic Revenues ($M) 1,508.7 1,503.4 Organic Revenue Growth Rate (%) 5.1% 3.5% © SS&C Technologies, Inc. 7
Slide 8: Adjusted Organic Growth by Business
ADJUSTED ORGANIC GROWTH BY BUSINESS • Financial Services recurring revenue growth was 3.9% for Q2 2025 2024 Q1 Q2 Business Revenue 2025 2025 Base Double digit growth in GlobeOp1 $1.57 B 10.3% 7.3% Private Markets, Retail Alternatives GIDS and related2 $1.46 B 3.2% 2.9% Wealth and Investment $1.46 B
Slide 9: Adjusted Revenue and Adjusted Consolidated EBITDA
ADJUSTED REVENUE AND ADJUSTED CONSOLIDATED EBTIDA Adjusted revenue ($M) $6,193 1 8.4% 7.3% $5,886 6.5% 5.9% 5.5% $5,506 $1,530.7 $1,537.8 $1,514.8 $1,466.8 $1,452.4 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 FY 2023 FY 2024 FY 2025 E Revenue YoY Growth 39.5%1 38.8% Adjusted consolidated EBITDA ($M) and
Slide 10: Revenue Retention Rates
REVENUE RETENTION RATES • Quarterly retention rate is based on a rolling prior twelve months for all of SS&C. • Acquisitions are not 97.1% 97.1% 97.0% 97.1% 96.8% 96.9% 96.9% included in retention rate calculation until one year post-acquisition. Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 FY 2023 FY 20
Slide 11: Adjusted Net Income & Adjusted Diluted EPS
ADJUSTED NET INCOME & ADJUSTED DILUTED EPS Adjusted net income attributable to SS&C ($M) $1,502 1 $366.4 $366.0 $1,372 $363.7 $1,184 $340.0 $332.1 Q2 2024* Q3 2024* Q4 2024* Q1 2025 Q2 2025 FY 2023 FY 2024 FY 2025 E Adjusted diluted EPS attributable to SS&C $5.94 1 $5.41 $1.44 $1.45 $1.43 $4.65 $1.3
Slide 12: Alternative Assets Under Administration ($B)
ALTERNATIVE ASSETS UNDER ADMINISTRATION ($B) $2,547 $2,499 $2,502 $2,488 $2,467 $2,400 $2,329 $2,296 $2,256 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 © SS&C Technologies, Inc. 12
Slide 13: Guidance
GUIDANCE Q3 2025 FY 2025 Adjusted Revenues ($M) $1,525.0 – $1,565.0 $6,143.0 – $6,243.0 Organic growth Midpoint (%) 4.5% 4.5% Interest Expense ($M)1 $101.0 – $103.0 $407.0 – $417.0 Adjusted Net Income attributable to SS&C ($M) $364.0 – $380.0 $1,462.0 – $1,542.0 Adjusted Diluted Earnings Per Share a
Slide 14: Appendix
APPENDIX
Slide 15: Reconciliation of revenues to adjusted revenues
Reconciliation of revenues to adjusted revenues Adjusted revenues represents revenues adjusted to include a) amounts that would have been recognized if deferred revenue were not adjusted to fair value at the date of acquisition and b) amounts that would have been recognized if not for adjustments to
Slide 16: Reconciliation of operating income to adjusted operating income
Reconciliation of operating income to adjusted operating income Adjusted operating income represents operating income adjusted for amortization of intangible assets, stock-based compensation, purchase accounting adjustments for deferred revenue and related costs, ASC 606 adoption impact and other ex
Slide 17: Reconciliation of net income to EBITDA, consolidated EBITDA and adjusted consolidated EBITDA
Reconciliation of net income to EBITDA, consolidated EBITDA and adjusted consolidated EBITDA EBITDA represents net income before interest expense, income taxes, depreciation and amortization. Consolidated EBITDA, defined under our Credit Agreement entered into in April 2018, as amended, is used in c
Slide 18: Reconciliation of net income to EBITDA, consolidated EBITDA and adjusted consolidated EBITDA
Reconciliation of net income to EBITDA, consolidated EBITDA and adjusted consolidated EBITDA 1) Acquired EBITDA reflects the EBITDA impact of significant businesses that were acquired during the period as if the acquisition occurred at the beginning of the period, as well as cost savings enacted in
Slide 19: Reconciliation of net income to adjusted net income and diluted EPS
Reconciliation of net income to adjusted net income attributable to SS&C and diluted earnings per share to adjusted diluted earnings per share attributable to SS&C Adjusted net income and adjusted diluted earnings per share attributable to SS&C represent net income and earnings per share attributabl
Slide 20: Reconciliation of net income to adjusted net income and diluted EPS
Reconciliation of net income to adjusted net income and diluted earnings per share to adjusted diluted earnings per share 1) Purchase accounting adjustments include (a) an adjustment to increase revenues by the amount that would have been recognized if deferred revenue were not adjusted to fair valu
Slide 21: Thank You.
THANK YOU. © SS&C Technologies, Inc.
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