Aci Worldwide, Inc. · NASDAQ:ACIW
Aci Worldwide — Q4 2015 Earnings Presentation
27 slides from Aci Worldwide's earnings presentation, Feb 25, 2016
Slide 1: Quarterly and Full Year Results December 31, 2015
Quarterly and Full Year Results December 31, 2015 ACI Worldwide February 25, 2016 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: 2015 in Review
2015 IN REVIEW Phil Heasley Chief Executive Officer
Slide 4: 2015 in Review
2015 in Review Total sales bookings up 19% from 2014, FX adjusted Net new bookings (SNET) up 8% for the year, FX adjusted Merchant retailer sales bookings nearly doubled in 2015 Cash flows from operations of $183 million, up 23% for the year 60-month backlog grew to $4.3 billion Acquisition of PAY.O
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 Q4 net new sales bookings up 10% over Q4 2014, FX adjusted Strong growth in new account and new application sales Key Universal Payments (UP) sale to one of Australia’s largest banks as part of a broader next-generation/modernization project Q4 total sal
Slide 7: Key Takeaways from the Year
Key Takeaways from the Year Sales Bookings 2015 new sales bookings up 8% over 2014 or 11% excluding CFS business, FX adjusted Total sales bookings up 19% over 2014 or 21% excluding CFS business, FX adjusted Revenue Growth Revenue up 5% over 2014 or 7% excluding CFS business, FX adjusted Adjusted EBI
Slide 8: 2016 Guidance
2016 Guidance Guidance 2015 pro forma adjusted to exclude CFS business and reflect a full-year impact of PAY.ON acquisition and fx rate changes 2016 guidance excludes any contribution from CFS business Net new sales growth expected to be in the upper single digits Revenue and margin phasing by quart
Slide 9: 2016 Guidance: Other Guidance Assumptions
2016 Guidance Other Guidance Assumptions Interest expense of $42 million and cash interest of $36 million Capital expenditures to be $50-$60 million, excluding one-time investments in EMEA data center of $20 million and cyber security of $5 million Depreciation and amortization expected to approxima
Slide 10: Appendix
UNIVERSAL MC PAYMENTS q APPENDIX
Slide 11: Monthly Recurring Revenue Backlog as Contributor of Revenue
Monthly Recurring Revenue Backlog as Contributor of Revenue (thousands) Quarter Ended December 31, % Growth 2015 2014 Revenue from Backlog $0 $,268,586 -100.0% Revenue from Sales 0 21,638 -100.0% Total Revenue $0 $,290,224 -100.0% Revenue from Backlog #DIV/0! 0.92544379513754893 Revenue from Sales #
Slide 12: Historic Sales Bookings By Quarter
Historic Sales Bookings By Quarter
Slide 13: Sales Bookings, Net of Term Extensions (SNET)
Sales Bookings, Net of Term Extensions (SNET)
Slide 14: Non-GAAP Operating Income
Non-GAAP Operating Income Deferred revenue fair value adjustment Employee related actions Quarter Ended Non-GAAP Operating Income (millions) December 31, 2015 2014 Operating income $74.0 $79.3| Plus: 04 0.3) Non-GAAP Operating Income Non-GAAP Operating Income (mi Operating income Plus: Deferred reve
Slide 15: Adjusted EBITDA
Adjusted EBITDA ‘Quarter Ended Adjusted EBITDA (milions) December 31, ear Net income wae Pus Income tax 189 Netinterest expe 104 Net other expense (incom) 13 Deprociaton expen 57 tion exper 208 83 ‘Adjusted EBITDA $708.9 Deferred revenue far vake acfustment 04 Employee related actions 24 34 ‘Adjuste
Slide 16: Operating Free Cash Flow
Operating Free Cash Flow * Tax effected at 35%
Slide 17: 60-Month Backlog
60-Month Backlog Backlog 60-Month (millions) Americas $3,086 $3,014] EMEA 898 855} Asia/Pacific 318 Backlog 60-Month $4,302 Deferred Revenue $171 Other 4,131 Backlog 60-Month $4,302 Quarter Ended December 31, December 31, 2015 2014 IACI pxvients: 7
Slide 18: 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 19: EPS Impact of Non-Cash and Significant Transaction Related Items
EPS Impact of Non-Cash and Significant Transaction Related Items
Slide 20: Historical Financials from CFS Operations
Historical Financials from CFS Operations
Slide 21: 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 22: 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 23: 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 24: 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 25: 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 26: 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 27: UNIVERSAL
UNIVERSAL hc PAYMENTS