Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Q3 2015 Earnings Presentation
25 slides from Aci Worldwide's earnings presentation, Nov 5, 2015
Slide 1: Quarterly Results September 30, 2015
Quarterly Results September 30, 2015 ACI Worldwide November 5, 2015 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: Quarterly Overview
QUARTERLY OVERVIEW Phil Heasley Chief Executive Officer
Slide 4: Q3 2015 in Review
Q3 2015 in Review Sales bookings up 17%, net new bookings up 6% First Universal Payments go live Universal Payments pipeline continues to grow Operating Free Cash Flow of $61 million, up from $18 million last Q3 Acquired PAY.ON, leading eCommerce payment solution Expanded European datacenter operati
Slide 5: Financial Review
FINANCIAL REVIEW Scott Behrens Chief Financial Officer
Slide 6: Key Takeaways from the Quarter
Key Takeaways from the Quarter Sales Bookings Q3 net new sales bookings up 6% from Q3 2014 Q3 total sales bookings up 17% Full year SNET growth tracking to high single digits Backlog 12-month backlog of $882 million, up $6 million from Q2 2015, after adjusting for fx fluctuations 60-month backlog of
Slide 7: Acquisition of PAY.ON
Acquisition of PAY.ON Global Leader in eCommerce Gateway Services Overall global eCommerce volume expected to grow 17% CAGR* Cross border eCommerce volume expected to grow 18% CAGR* Large Market Opportunity €180 million (approximately $200 million) 92% cash and 8% ACIW shares Transaction Details PAY
Slide 8: 2015 Guidance
2015 Guidance Guidance Reaffirming full year non-GAAP revenue guidance. Represents 3%-6% organic growth after adjusting for foreign currency fluctuations Full year adjusted EBITDA impacted by strategic investments Sales, net of term extensions (SNET) growth in the high single digits Pass through int
Slide 9: Universal Payments
UNIVERSAL MC PAYMENTS q APPENDIX
Slide 10: Monthly Recurring Revenue
Monthly Recurring Revenue Quarter Ended Monthly Recurring Revenue (millions) September 30, 2015 2014 Monthly Software license fees $18.4 $21.8 Maintenance fees 59.3 63.8 Processing services 103.4 100.0 Monthly Recurring Revenue $181.1 $185.6} GG vector crattence or crane ACI Eve 1t0
Slide 11: Historic Sales Bookings By Quarter
Historic Sales Bookings By Quarter
Slide 12: Sales Bookings, Net of Term Extensions (SNET)
Sales Bookings, Net of Term Extensions (SNET)
Slide 13: Non-GAAP Operating Income
Non-GAAP Operating Income Quarter Ended Non-GAAP Operating Income (millions) September 30, 2015 2014 Operating income $23.9 $31.9] Plus: Deferred revenue fair value adjustment 0.2 0.4] Employee related actions 0.9 3.3] Significant transaction related expenses 0.6 4.0] Non-GAAP Operating Income $ 25.
Slide 14: Adjusted EBITDA
Adjusted EBITDA Adjusted EBITDA (millions) Net Income Plus: Income tax expense Net interest expense Net other expense (income) Depreciation expense Amortization expense Stock-based compensation expense Adjusted EBITDA Deferred revenue fair value adjustment Employee related actions Significant transa
Slide 15: Operating Free Cash Flow
Operating Free Cash Flow * Tax effected at 35%
Slide 16: 60-Month Backlog
60-Month Backlog Backlog 60-Month (millions) Backlog 60-Month Deferred Revenue Other Backlog 60-Month Quarter Ended September 30, September 30, 2015 2014 $3,010 $3,000 834 826) 307 288) $4,151 $4,114 $172 $183) 3,979 3,931 $4,151 $4,114) IACI pxvients:
Slide 17: Backlog as a Contributor of Quarterly Revenue
Backlog as a Contributor of Quarterly Revenue Backlog from monthly recurring revenues and project go-lives continues to drive current quarter GAAP revenue Revenue from current quarter sales consistent with prior quarters
Slide 18: EPS Impact of Non-Cash and Significant Transaction Related Items
EPS Impact of Non-Cash and Significant Transaction Related Items
Slide 19: Contract Duration Metric
Contract Duration Metric Represents dollar average remaining contract life (in years) for term license software contracts Excludes perpetual contracts (primarily heritage S1 licensed software contracts) Excludes all hosted contracts as both cash and revenue are ratable over the contract term
Slide 20: 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 related to the acquisition of Online Resources Corporation and significant transaction relate
Slide 21: Non-GAAP Financial Measures
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 22: Non-GAAP Financial Measures
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 23: 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 24: 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 performance of our strategic product, U
Slide 25: Universal Payments
UNIVERSAL hc PAYMENTS