Slide 1: Fiscal Q1 2023 Earnings Presentation
Exhibit 99.2 Fiscal Q1 2023 Earnings Presentation January 31, 2023 Shuky Sheffer President & CEO Tamar Rapaport-Dagim CFO & COO
Slide 2: Forward-looking statements and non-GAAP 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 subsidiaries. Thi
Slide 3: Today's Speakers
Today’s Speakers Shuky Tamar Sheffer Rapaport-Dagim President & Chief Financial Officer & Chief Executive Officer Chief Operating Officer IIn nf for orm ma at tiion on Se Sec cu ur riit ty y L Le evel vel 0 0 – – P Pu ub blliic c. . © © 20 2023 23 – – P Pr rop opr riie et ta ar ry y & & Con Conf fii
Slide 4: Earnings Call Agenda
Earnings Call Agenda Strategy & Business Performance Update 1 Shuky Sheffer, President & Chief Executive Officer Financial Review & Outlook 2 Tamar Rapaport-Dagim, Chief Financial Officer & Chief Operating Officer Q&A 3 Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Infor
Slide 5: Strategy and Business Performance Update
President & Chief Executive Officer Strategy and Business Performance Update IIn nf for orm ma at tiion on Se Sec cu ur riit ty y L Le evel vel 0 0 – – P Pu ub blliic c. . © © 20 2023 23 – – P Pr rop opr riie et ta ar ry y & & Con Conf fiid de en nt tiia all IIn nf for orm ma at tiion on of of A Am
Slide 6: Strong Start to Fiscal Year 2023
Strong Start to Fiscal Year 2023 I am pleased to report for which go to our around the world IIn nf for orm ma at tiion on Se Sec cu ur riit ty y L Le evel vel 0 0 – – P Pu ub blliic c. . © © 20 2023 23 – – P Pr rop opr riie et ta ar ry y & & Con Conf fiid de en nt tiia all IIn nf for orm ma at tiio
Slide 7: Positioned to Deliver another Year of Consistent and Profitable Growth in Fiscal 2023
Positioned to Deliver another Year of Consistent and Profitable Growth in Fiscal 2023 2 Revenue 12-month backlog Non-GAAP EPS Record $1.19B $4.1B Above guidance range Reflects better (1) Up 9.5% YoY, Up ~7% from a year profitability, higher above guidance ago, on continued sales revenue and lower th
Slide 8: Q1-23 Operational Highlights
Q1-23 Operational Highlights Strong value-driven Unrivalled execution Technology & product engagements and operations leadership Continued sales momentum and Another great quarter of successful project deepened our long-standing relationship Maintained high level of R&D investment execution includin
Slide 9: Striving for Excellence in Amdocs' Approach to ESG
Striving for Excellence in Amdocs’ Approach to ESG Included as a Included for The new state-of- Amdocs India Improved our th member of the the 4 the-art campus recognized as environmental consecutive year in Israel has been 2023 one of the Most disclosure in the LEED Gold Preferred Bloomberg rating
Slide 10: Progress in Strategic Domains (1/4)
Progress in Strategic Domains (1/4) Enable our customers to drive growth, improve cost-efficiency and provide an amazing experience to consumers and enterprises Tier One Operator in Southeast Asia win win win Cloud-hosted Intelligent Modernization and Migration of existing Cloud Networking Suite mig
Slide 11: Progress in Strategic Domains (2/4)
Progress in Strategic Domains (2/4) Enable our customers to drive growth, improve cost-efficiency and provide an amazing experience to consumers and enterprises win win win Digital Several new projects, Modernization of cloud- AI-driven data insights including upgrade to the based data architecture
Slide 12: Progress in Strategic Domains (3/4)
Progress in Strategic Domains (3/4) Enable our customers to drive growth, improve cost-efficiency and provide an amazing experience to consumers and enterprises Tier One Operator in NA win win win win win 5G Home Operating 3- year extension for Online charging and Modernization of Next-gen charging
Slide 13: Progress in Strategic Domains (4/4)
Progress in Strategic Domains (4/4) Enable our customers to drive growth, improve cost-efficiency and provide an amazing experience to consumers and enterprises Leading Australian Operator win win win win Network Operational support Delivery of digital System Integration Deployment of cloud- system
Slide 14: Looking Ahead: Reiterating FY2023 Revenue Growth Outlook
Looking Ahead: Reiterating FY2023 Revenue (1) Growth Outlook of 6%-10% constant currency While Amdocs and our global customers are not immune to economic cycles and we continue to closely monitor the current period of global macro uncertainty, we remain confident in our growth outlook Well-situated
Slide 15: Looking Ahead: Raising FY2023 Non-GAAP EPS Growth Outlook
Looking Ahead: Raising FY2023 Non-GAAP EPS Growth Outlook D A Raising the midpoint of YoY growth(1) 6%−10% (1) our outlook Revenue − Reiterating full year revenue growth guidance − North America, Europe and Rest of World each (1) Jan-23 expected to grow over the full year Nov-22 9%−13% B 8%−12% On t
Slide 16: Financial Update & Outlook
Chief Financial Officer & Chief Operating Officer Financial Update & Outlook IIn nf for orm ma at tiion on Se Sec cu ur riit ty y L Le evel vel 0 0 – – P Pu ub blliic c. . © © 2022 2022 – – P Pr rop opr riie et ta ar ry y & & Con Conf fiid de en nt tiia all IIn nf for orm ma at tiion on of of A Am m
Slide 17: Q1 2023 Results
Q1 2023 Results Q1 2023 Revenue vs. Guidance $ Millions Q1 Revenue Above guidance midpoint, even with $9M foreign currency tailwind vs guidance $1,186 million (1) +7.3% YoY, +9.5% constant currency $1,186 $1,175 Above guidance midpoint ($1,155M - $1,195M) (2) Q1 Non-GAAP Operating Margin Original 1F
Slide 18: 12-Month Backlog
12-Month Backlog Record Quarterly 12-Month Backlog in Q1F23 12-month backlog growth has accelerated $ Billions year-over-year over the past several quarters $4.09 $3.97 $3.95 Record-high level as of $3.89 $3.83 December 31, 2022 ~ +6.8% (1) (1) YoY ~ +6.8% YoY, QoQ (1) $3.69 (1) Q4F21 Q1F22 Q2F22 Q3
Slide 19: Managed Services Revenue: Q1 2023
Managed Services Revenue: Q1 2023 $ Millions Managed services arrangements support Managed Services business model $700 $660 resiliency with highly recurring revenue streams, multi-year ~ +6.1% engagements and YoY high renewal rates, and may also include ~ +6.1% YoY large-scale digital Q1F22 Q1F23 ~
Slide 20: Q1 2023 Free Cash Flow Bridge; Cash, Credit Facility & Debt Position
(2) DSO’s Q1 2023 Free cash flow bridge 87 days $34 $83 +8 days YoY and +13 days QoQ DSO’s may fluctuate from quarter to quarter * $50 Deferred revenue > unbilled -$39 million QoQ Deferred revenue: -$6M QoQ Unbilled receivables: +$33M QoQ Items fluctuate from quarter to quarter in line with normal b
Slide 21: Q1 2023 Cash Returned to Shareholders
Q1 2023 Cash Returned to Shareholders Quarterly Dividend $ Millions Board authorized quarterly dividend payment: Dividends, $48 43.5 cents Share repurchases, As of December 31, roughly $0.4B of $100 share repurchase authorization capacity remained (1) free cash flow (FCF) (1)(3) Normalized FCF : Thr
Slide 22: Revenue Growth and Non-GAAP EPS Growth
Revenue Growth (4) YoY% Growth Constant Currency (1) (4) FY21 and FY22 revenue is pro forma constant currency 10.0% 10.3% Reiterating midpoint of 7.0% ~6%-10% YoY guidance 4.1% 6.0% 2.4% (1)(4) (4) (1)(4) (4) On-track for revenue growth FY2019 FY2020 FY2021 FY2022 FY2023E in FY2023E non-GAAP diluted
Slide 23: Q&A
Q&A Information Security Level 0 – Public. © 2022 – Proprietary & Confidential Information of Amdocs 23 23
Slide 24: Let's make it amazing
Let's . make it amazing ©: amdocs
Slide 25: Q2 and Full Year Fiscal 2023 Outlook
Q2 Fiscal 2023 Outlook $1,200 - $1,240 million Revenue GAAP EPS $1.18 - $1.26 (1) Non-GAAP EPS $1.44 - $1.50 Share Count 122 million In line with annual target (1) Non-GAAP Effective Tax Rate range of 13%-17% Full Year Fiscal 2023 Outlook Updated Previous On-track to deliver double- Revenue growth 5
Slide 26: Appendix Reconciliation Tables
Appendix Reconciliation Tables Information Security Level 0 – Public. © 2022 – Proprietary & Confidential Information of Amdocs 26 26
Slide 27: Selected Financial Metrics
AMDOCS LIMITED Selected Financial Metrics (In thousands, except per share data) Three months ended December 31, 2022 2021 Revenue $ 1,185,720 $ 1,104,632 Non-GAAP operating income 209,538 193,607 Non-GAAP net income 176,542 150,135 Non-GAAP net income attributable to Amdocs Limited 176,337 150,135 N
Slide 28: Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP
AMDOCS LIMITED Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP (In thousands) Three months ended December 31, 2022 Reconciliation items GAAP Amortization of Equity based Changes in certain Restructuring charges Tax Non-GAAP purchased compensation acquisitions related effect intang
Slide 29: Let's make it amazing
Let's . make it amazing ©: amdocs