Safe Harbor Statement

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2 2 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 Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, performance or products, underlying assumptions, and other statements which are other than statements of historical facts. In some cases, you can identify forward-looking statements by terminology such as ''may,'' ''will,'' ''should,'' hope,'' "expects,'' ''intends,'' ''plans,'' ''anticipates,'' "contemplates," ''believes,'' ''estimates,'' ''predicts,'' ''projects,'' ''potential,'' ''continue,'' and other similar terminology or the negative of these terms. From time to time, we may publish or otherwise make available forward-looking statements of this nature. All such forwardlooking statements, whether written or oral, and whether made by us or on our behalf, are expressly qualified by the cautionary statements described on this message including those set forth below. All statements contained in this presentation are made only as of the date of this presentation. In addition, except to the extent required by applicable securities laws, we undertake no obligation to update or revise any forward-looking statements to reflect events, circumstances, or new information after the date of the information or to reflect the occurrence or likelihood of unanticipated events, and we disclaim any such obligation. Forward-looking statements are only predictions that relate to future events or our future performance and are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results, outcomes, levels of activity, performance, developments, or achievements to be materially different from any future results, outcomes, levels of activity, performance, developments, or achievements expressed, anticipated, or implied by these forward-looking statements. Other factors that could affect actual results, outcomes, levels of activity, performance, developments or achievements can be found under the heading Risk Factors in SS&C Technologies Holdings, Inc. s Form 10-K, filed February 27, As a result, we cannot guarantee future results, outcomes, levels of activity, performance, developments, or achievements, and there can be no assurance that our expectations, intentions, anticipations, beliefs, or projections will result or be achieved or accomplished.

3 Presenters WILLIAM C. STONE Chairman & Chief Executive Officer William C. Stone founded SS&C Technologies in 1986 and has served as Chairman of the Board of Directors and Chief Executive Officer since SS&C's inception. Over the past 29 years, Mr. Stone has grown SS&C to over 5,600 employees and 10,000 clients across the globe, and has successfully completed 42 acquisitions. Prior to founding SS&C, Mr. Stone directed the financial services consulting practice of KPMG LLP s Hartford, CT office, and was Vice President of Administration and Special Investment Services at Advest, Inc.. NORMAND A. BOULANGER President & Chief Operating Officer Normand A. Boulanger has served as SS&C's President and Chief Operating Officer since October Mr. Boulanger has held a number of executive positions at SS&C since Prior to joining SS&C, Mr. Boulanger was Manager of Investment Accounting for The Travelers, a property liability insurance provider. PATRICK J. PEDONTI Senior Vice President & Chief Financial Officer Patrick J. Pedonti has served as SS&C's Senior Vice President and Chief Financial Officer since August 2002 and was Vice President and Treasurer between 1999 and Prior to joining SS&C, Mr. Pedonti was Vice President and Chief Financial Officer for Accent Color Sciences, Inc., a company specializing in high-speed color printing. RAHUL KANWAR Senior Vice President, Alternative Assets Rahul Kanwar is Senior Vice President and Managing Director for Alternative Assets including the global hedge, private equity and fund of fund administration unit of SS&C Technologies Inc. He joined SS&C when the company acquired the Eisnerfast LLC fund administration business from Eisner LLP in At Eisner, Mr. Kanwar was responsible for managing and overseeing Eisnerfast LLC from 1998 onwards. CHRISTY BREMNER Senior Vice President, Institutional and Investment Management Christy Bremner serves as Senior Vice President and Co-Head of SS&C s Institutional and Investment Management division where she has overall responsibility for sales, operations and strategic direction. She joined SS&C in 2012 as Senior Vice President and General Manager of the PORTIA division following its acquisition from Thomson Reuters. PETE HESS Senior Vice President, SS&C Advent Pete Hess joined SS&C in 2015 as Senior Vice President and General Manager of SS&C Advent with the acquisition of Advent Software. Mr. Hess served as CEO of Advent Software before the acquisition. Previously, Mr. Hess served three and a half years as President of Advent. He started out at Advent as an entry level client maintenance renewals representative in 1994, and moved up through a variety of positions in the company. 3

4 4 Agenda 10:00 am 10:05 am 10:30 am 10:45 am Welcome Justine Stone, Investor Relations Expertise. Execution. Evolution. : SS&C s Strategic Overview William C. Stone, Chairman and CEO Financial Overview and 2015 Guidance Patrick Pedonti, SVP and CFO Operational Overview Norm Boulanger, President and COO 11:00 am BREAK 11:30 am 11:50 am 12:10 am SS&C GlobeOp: Alternative Assets Rahul Kanwar, SVP, Managing Director of Alternatives SS&C Institutional and Investment Management Christy Bremner, SVP, Co-Head of Institutional and Investment Management SS&C Advent Pete Hess, General Manager of SS&C Advent Business 12:30 pm Q&A Panel 1:00 pm Lunch

5 Next Generation Portfolio Management Software SS&C GlobeOp Geneva Black Diamond Risk SS&C Fund Services integrates a powerful collection of applications and services to create a comprehensive and reliable turnkey investment technology platform for alternative assets. Geneva empowers firms with instant, real-time performance, P&L, position and exposure information. Comprehensive instrument coverage, from global equities and fixed income to derivatives and bank debt, Geneva supports even the most complex global strategies. Cloud-based portfolio management platform offers the RIA market aggregation, customizable reporting and rebalancing, combined with outsourced daily reconciliation. SS&C s compliance and risk management solutions provide customizable, automated control and visibility, helping clients to inspire confidence and avoid costly breaches. Data Management and Performance Customized Reporting Zoologic Private Capital Solution SS&C provides the industry s best technology and services to support reliable, accurate, and enriched data and performance analysis solutions to calculate rates of return, attribution, composite returns, and ex-post risk measures. Reporting technology, tools, and resources to produce meaningful insights and enable sound business decisions. Ability to streamline operations, ensure data integrity, and automatically produce clientready reports. Web-based training and learning solutions designed specifically for the financial service Industry. Learning paths build from basic to advanced, with certain courses as suggested pre-requisites for more challenging subjects. SS&C s private capital cloud-based solution includes data aggregation, integrated investment, financial, partnership and trust accounting, cash management, performance and risk management, tax reporting and automated workflow management. 5

6 Expertise. Execution. Evolution: SS&C's Strategic Overview Bill Stone, Chairman and CEO

7 Leading provider of mission-critical cloud-based software for financial services providers with a flexible, on-demand delivery model 7

8 Expertise. SS&C employs over 5,600 professionals globally* Over 1,000 technology professionals Over 3,700 consulting and service professionals for implementations, fund administration, BPO services, and special projects CPAs, CFAs, chartered accountants, advanced degrees Experts in US and International accounting rules, tax law, and financial regulation, GIPS, level III asset accounting Focus on Attracting and Retaining Talent 2.0% Investing in our people: We offer the best in class training, tuition reimbursements, industry training Offering competitive salaries and benefits and a world-class equity program SS&C is visible in the marketplace, with a reputation for innovation and excellence Endless advancement opportunities for entrepreneurial superstars in a growth company Management Turnover* 1.5% Sales team turnover* Equity options distributed at all levels *Includes Advent Software and Varden Technologies 8

9 Execution. M&A Sales and Implementation Technology Development SS&C has a long history of executing and successfully integrating high value M&A. 42 acquisitions to date Proven margin expansion and sales growth 5 acquisitions announced and 3 closed in last 12 months Our talented sales and professional services teams work to close deals quickly, and implement complex systems diligently. 25 deals over $1 million in value in 2015 Dozens of competitive take aways SS&C invests ~24% of software license related revenue in R&D*, and we work with our clients to continuously improve our offering. CAMRA, PORTIA upgrades Product upgrades across SS&C Advent solutions Evare Data Services Solution Precision LM Private Capital Solution Alternative Investor Services *Based on 2014 year end 9

10 Evolution. Transforming the financial services industry with powerful portfolio accounting cloud-based software and services CAMRA, SS&C s first product, was built for use with IBM compatible PCs Black Monday: The stock market crash of 1987 was the largest one day market crash 1989 World Wide Web was invented 1993 First release of mosaic web browser 1996 SS&C s first IPO raises $71 million DotCom Boom 1997 SS&C acquires Shepro Braun and increases hedge fund service offering 2000 SS&C adopts cloud-based SaaS delivery model 2005 SS&C goes private in $1 billion transaction 2007 The first Apple iphone was released 2008 SS&C adds expertise and technology to create mobility platform 2009 The Cloud becomes widely adopted 2010 SS&C s second IPO raises $161 million 2012 SS&C s Acquisition of GlobeOp is largest fund administration deal to date. SS&C creates the alternatives industry first mobility platform 2013 Several high profile data breaches increases focus on cyber security 2015 SS&C s acquisition of Advent Software: This merger combines best-in-class portfolio management software with a highly customizable on-demand delivery model 10

11 Broad Solutions Footprint Private Equity Hedge Funds Fund of Funds Managed Accounts Asset Managers Banks Portfolio Management Reconciliation Valuation Performance and Attribution Reporting Risk Management Regulatory Solutions Investor Services Training Registered Investment Advisors Family Offices Wealth Managers Endowment / Pension Funds Insurance Companies Real Estate 11

12 12 Recent Successes R&D investment led to significant upgrades to our core platforms Fund Services portal has added performance measurement and tax capabilities Precision LM, a comprehensive commercial loan origination and servicing system increases efficiency in the loan process, improves profitability, and controls risk New Private Capital Solution focusing on the unique needs of family offices, foundations and endowments Successful initial integration efforts for recent acquisitions HiPortfolio and Anova achieved $13.1 run rate cost synergies; increased EBITDA margins over 40% Advent implemented $30 million in recurring cost synergies as of September 30, 2015 Several cross sell and upsell opportunities including hosting and BPO services

13 13 Growth Strategies Grow 5-10% Organically Cross sell and upsell additional services into existing client base Competitive take-aways Capitalize on increased hosting and outsourcing in the private equity, family office, advisory, and long-only asset manager markets Focus on deploying software to alleviate regulatory burdens facing the financial services industry Grow 5-10% through Acquisition Investment banks are shedding their fund administration businesses Financial technology is a fragmented industry, with hundreds of tuck-in acquisition opportunities Have a disciplined acquisition strategy

14 A Market in Transition Hedge Fund Administrator Ranking April 2006 (AUA $bil)* Hedge Fund Administrator Ranking April 2015 (AUA $bil)* Company $ AUA % of Total 1 CITCO Fund Services % 2 HSBC % 3 State Street % 4 BISYS % 5 Goldman Sachs % 6 Investors Bank & Trust % 7 Fortis Prime Fund Solutions % 8 CACEIS Investor Services % 9 GlobeOp % 10 BNY Mellon % Top 10 1, % Total 1, % Company $ AUA % of Total 1 State Street % 2 CITCO Fund Services % 3 BNY Mellon % 4 SS&C GlobeOp % 5 Citi % 6 Northern Trust % 7 Morgan Stanley Fund Services % 8 HedgeServ % 9 SEI % 10 RBC Investor & Treasury Services % Top 10 3, % Total 5, % *HFM Week Survey includes Hedge Fund AUA only 14

15 A Market in Transition Top Companies by Revenue in Fintech 2006* Top Companies by Revenue in Fintech 2015* Rank Company Company 1 Fiserv, Inc. 2 FIS 3 Sungard 4 NCR Corporation 5 First Data Corporation 6 Unisys 7 Diebold, Inc 8 Reuters Group 9 Total System Services 10 DST Systems 1 Tata Consultancy Services (TCS) 2 FIS 3 Fiserv, Inc. 4 Cognizant Technology Solutions 5 NCR Corporation 6 Infosys Limited 7 Diebold, Inc. 8 Sungard 9 Wincor Nixdorf 10 Nomura Research Institute, Ltd. 54 Advent Software 55 SS&C Technologies 23 SS&C Technologies 40 Advent Software 91 Primatics Financial *Source: IDC Financial Insights: The FinTech Rankings categorize and evaluate technology providers based on calendar year revenues from financial institutions for hardware, software and/or services 15

16 16 Capital Allocation Strategy 2015 Capital Allocation* Debt Pay-down Dividends $180 million in debt pay-down since Advent acquisition; expect to decrease leverage ratio by 0.8X per year $2,615 million cash deployed toward acquisitions Advent Software Varden Technologies $0.125 quarterly dividend, or about $13 million each quarter Acquisitions *9 months ended September 30,2015

17 17 Strong Operational Performance Return on Equity (ROE) SS&C s ROE is strong and improving. We will continue to: Have a shareholder friendly capital allocation strategy Finance our acquisitions efficienty Work to achieve synergy targets

18 2015: Active M&A Market SS&C Has Announced 5 acquisitions and closed 3 in the last 12 months, totaling: $486.3 in additional Revenue* $209.7 million in additional EBITDA* Plan to drive all acquisitions to SS&C corporate average margins Alternative Investor Services *For closed acquisitions, LTM revenue and LTM Adjusted EBITDA including cost savings 18

19 M&A in Last 12 Months Acquisition Closed Price Rationale DST Global Solutions 12/2/2014 $95 mil Advent Software 7/6/2015 $2.7 bil Varden Technologies 9/2/2015 ~$20 mil Citi Alternative Investor Services Pending ~$425 mil Primatics Financial Pending $122 mil Strong international presence Significant margin expansion Ownership of fund administration platform, Geneva Best-in-class portfolio accounting software solutions Foothold in fast growing RIA market Tuck-in acquisition that provides advanced client communications solutions Leveragable across SS&C s client base Will make SS&C 2 nd largest fund administrator Private equity presence in Asia Can bring margins to corporate average About $50 million in revenue Evolv, end-to-end loan risk and finance solution 19

20 20 Future M&A Type Why Targets Fund Administrators Financial Technology servicing Investment Management Industry Targeted Solutions Over 200 administrators across the globe The industry is consolidating Fragmented industry Many small FinTech companies need infrastructure SS&C can provide Generate high cash flow Increases deep industry expertise Bank owned administrators, regional administrators Portfolio management software, performance software, front office solutions, tax solutions, etc. Oil and Gas Accounting, Health and Wealth, Real estate, Financial markets Expected acquisition price (pre-synergy) 10-12x EBITDA for larger, strategic acquisitions 4-5x EBITDA for tuck-in acquisitions All acquisitions are expected to achieve SS&C corporate average EBITDA margins within a set timeframe

21 Financial Overview and 2015 Guidance Patrick Pedonti, SVP and CFO

22 Revenue Distribution LTM 9/30/15 Business Distribution LTM 9/30/15 Currency Exposure Non-Recurring GBP $ AUD Other $ CAD Recurring $ USD Recurring: Software Enabled Services, Maintenance, Term license revenue Non-Recurring: Perpetual license, professional service revenue Other: EUR, RM, Ř THB, $ SGD, ZAR, CNY, $ HKD 22

23 High Margin Business Model Strong Revenue performance and high margin business model 3Q 2015 Adjusted Revenue increased 61.7% to $311.4 million compared to 3Q Q 2015 Adj. Con. EBITDA is $130.8 million, increased 59.3% since 3Q 2014 *Analyst Estimates 23

24 High Quality Earnings Adjusted net income increased 28.7% to $68.6 million in 3Q 2015 Operating cash flow was $122 million for the 9 months ended September 30, 2015 DSO as of September 2015 is 45 days *Analyst estimates 24

25 25 Resilient Operating Platform during SS&C Revenue ($MM) $280 $ SS&C EBITDA ($MM) and Margin (%) $113 $111 Advent Revenue ($MM) $260 $ Advent EBITDA ($MM) and Margin (%) High level of revenue visibility and flexible cost base allowed for SS&C and Advent management to predict revenue headwinds in 2009, and implement cost control initiatives to increase EBITDA margin $62 40% 41% $47 20% 24%

26 26 Adjusted Diluted EPS since 2010 IPO 3Q 2015 adjusted diluted EPS $0.68 Share count increased to million during secondary offering in July % CAGR since our 2010 IPO

27 27 SS&C s Ability to Drive Margins FY 2011 FY 2012 FY 2013 FY Q 2015 SS&C EBITDA Margin 40.8% 39.9% 40.9% 41.0% 42.0% GlobeOp EBITDA Margin 31.3% 37.7% 39.1% 39.1% 39.9% PORTIA EBITDA Margin 41.6% 49.4% 56.9% 48.9% 40.7% HiPort/Anova (DST Global Solutions) % 43.1% Advent Software % 43.6% Advent $30 million of run-rate cost synergies implemented as of September 30, 2015 Public company fees (legal, audit, listing, etc.) Office consolidation Software and data center cost savings Employee reduction including sales & marketing, redundant development and client experience employees, HR, legal Hiportfolio / Anova $13.1 million of run-rate cost synergies achieved as of September 30, 2015 Expanded services for nearly 20 clients Solution integration

28 Proven History of Deleveraging Historical Leverage (1) (2) (3) (4) (5) (6) (7) 11/23/ SS&C is taken private by the Carlyle Group and SS&C management for $1.05bn 3/31/ SS&C completes its IPO, raising $135MM 2/9/ SS&C issues a follow-on offering, raising $52MM 3/14/ SS&C acquires GlobeOp for $834MM after acquiring PORTIA for $170MM Standalone at 3/31/15 Pro Forma for Advent Acquisition 1. Reflected as net debt / consolidated EBITDA 2. Balance sheet data and LTM consolidated EBITDA as of 9/30/05, as adjusted to give effect to the debt incurred related to the leveraged buyout 3. Balance sheet data and LTM consolidated EBITDA as of 3/31/10 4. Balance sheet data and LTM consolidated EBITDA as of 12/31/10 5. Balance sheet data and LTM consolidated EBITDA as of 6/30/12 6. Balance sheet data and LTM consolidated EBITDA as of 3/31/15 7. Balance sheet data as of 3/31/15 and based on LTM 3/31/15 combined Acquisition Adj. EBITDA of $532MM, which includes anticipated synergies of approximately $45MM. For combined Acquisition Adj. EBITDA reconciliation and details related to synergies, see slide 40 28

29 29 Q Financial Highlights Metric Q Q $ +/- % +/- Adjusted Revenue ($mm) $311.4 $192.6 $ % Adjusted Operating Income ($mm) $125.3 $78.6 $ % Adjusted Net Income ($mm) $68.6 $53.3 $ % Adjusted Consolidated EBITDA ($mm) $130.8 $82.1 $ % Adjusted EBITDA Margin 42.0% 42.6% (60bps) (1.4%)

30 30 Q4 and Full Year 2015 Guidance Q Guidance Metric Range ($mm) Revenue $312.0 $320.0 Adj. diluted EPS $0.67 $0.71 Diluted shares Full Year 2015 Guidance Metric Range ($mm) Revenue $1,042.6 $1,050.6 Adj. diluted EPS $2.61 $2.64 Diluted shares Cash from Operating activities $210.0 $220.0

31 31 Target Operating Model Organic revenue growth of 5%-10% Disciplined acquisition strategy to provide further upside EBITDA margins of 41-43% near term with potential for future growth Operating cash flow to pay down debtor, pay quarterly dividend, or fund acquisitions Capex consistent with historical levels of % of revenue

32 Operational Overview Norm Boulanger, President and COO

33 33 Business Distribution Business Alternative Assets Institutional and Investment Management Hedge Funds Fund of Funds Private Equity Private Capital Fund Administration Institutional Asset Management Insurance REITs Pension Funds 2014 Revenue Business Distribution by End Market* Advisory Targeted Solutions Alternative Assets Advisory Targeted Solutions Wealth Management RIAs Property Management Municipal Finance Financial Modeling Money Market processing Training Research Management Institutional and Investment Management *Includes Advent Acquisition

34 Increasing Global Footprint New locations in last year Americas EMEA Asia Pacific San Francisco, CA, USA Jacksonville, FL, USA Columbus, OH, USA* Jersey City, NJ, USA* Orlando, FL, USA Calgary, Canada McClean, VA* Athens, Greece Dubai, UAE Oslo, Norway Stockholm, Sweden Copenhagen, Denmark Johannesburg, South Africa Karachi, Pakistan* Melbourne, Australia Beijing, China Shanghai, China Bangkok, Thailand Gurgaon, India* *Includes offices from acquisition of Citi Alternative Fund Services and Primatics Financial 34

35 Unique and Leveragable Business Model Customer Relationship with SS&C expands Customer Greater operational efficiency for client Customer LICENCED SOFTWARE Customer HOSTING SERVICES Customer COMPONENT OUTSOURCING CO- SOURCING SERVICES FULL MIDDLE AND BACK OFFICE OUTSOURCING Infrastructure and technology run-rate savings Larger revenue opportunity for SS&C PROPRIETARY TECHNOLOGY AND EXPERTISE 35

36 Acquisitions are a Core Competency 1 Achieve stated synergy targets from low hanging fruit Traditional acquisition synergies Disciplined cost cutting where there are redundancies, (e.g. management, legal, finance departments, office consolidation, R&D and Marketing reduction) Immediate convergence of sales teams to promote cross selling 2 Transform the business models of acquired companies Traditional Software Companies (i.e. Advent Software, DST Global Solutions): SS&C provides the necessary infrastructure to support world class delivery models to include hosting, component outsourcing, and full BPO services Traditional Services Companies (i.e. GlobeOp, Citi Fund Services): SS&C can enhance the end solution of fund administrators and other BPO models with our industry leading reporting, performance, and reconciliation products 3 Integrate where necessary, while maintaining business unit autonomy + accountability All SS&C Business Heads are responsible for their own P&L, and report to Norm Boulanger, President and COO Legal, Finance, Human Resources, Sales and Marketing are all centralized Business units work together for cross sale opportunities 36

37 37 Case Studies Geneva Client 2012 A large institutional investment manager, an Advent Geneva client, transitions to SS&C s full service solution Customer wanted a full-service solution that Advent could not provide including: Middle office services (trade capture, valuation, wire processing, reconciliation) NAV Automation Processes Hybrid Fund Services Business Process Outsourcing SS&C provided the required regulatory and compliance processing and data aggregation for Form PF, FACTA, AML/KYC, and aggregated share registry Customer generated $600,000 in revenue as a Advent license customer, and now generates over $16 million in revenue for SS&C s full service solution Overall benefits to the client: Fixed cost to variable cost model via sliding scale fee rates Technology cost reduction via outsource of Geneva hosting and maintenance

38 38 Case Studies HiPortfolio Client 2015 Expanded relationship with a long-term HiPortfolio client, first step towards full outsourcing with SS&C The customer, a strategic HiPortfolio account for over 20 years, was looking for services beyond a traditional license / maintenance contract As a combined business, we could offer a compelling hosting service that would enable the client to reduce significant internal infrastructure costs through the retirement of hardware required to support HiPortfolio SS&C renewed the agreement for 5 years Overall benefits to the client: Cost Reduction by removing in-house costs and replacing with single provider Speed and Efficiency: ability to proactively identify improvements to benefit operations Risk Mitigation: SS&C removed the need to retain specialist knowledge in-house and reduce key man dependencies SS&C runs all the critical IT elements of HiPortfolio environment

39 Key Competitors by Market Alternative Asset Fund Administration Institutional and Investment Management Advisory SS&C is the only company providing software and services solutions across all three markets, and offers a flexible, on demand delivery model 39

40 40 Over 10,000 Blue Chip Clients Alternatives Institutional & Investment Management Advisory Other

41 Introduce lines of business Alternative Asset Fund Administration Institutional and Investment Management SS&C Advent Rahul Kanwar, SVP and Managing Director of Alternative Assets Over 1,300 clients Market consolidation through M&A Christen Bremner, SVP and Co- Head of I&IM Tim Reilly, SVP and Co-Head of I&IM Over 1,300 clients in 57 countries across the globe Trends towards hosting, component outsourcing, and full BPO services Pete Hess, SVP and General Manager of SS&C Advent Advent Software was acquired July 2015 including industry leading solutions Geneva, Black Diamond, APX, and Moxy Geneva is considered the premier portfolio accounting system Strong presence in the fast growing RIA market 41

42 BREAK

43 SS&C GlobeOp: Alternative Assets Rahul Kanwar, SVP and Managing Director, Alternatives

44 44 SS&C GlobeOp: Alternative Assets SS&C is one of the leading fund administrators for both onshore and offshore hedge funds, fund of funds and private equity funds. SS&C leverages its proprietary technology and expertise to assist funds in meeting their growth objectives. 1,300 Alternative clients 657 Billion in Alternative Assets 3,100 people in fund administration 50 global offices Only top 10 fund administrator that is a commercial software company

45 45 Customer Profile Large financial institutions Independent hedge, private equity and funds of funds Managed account platforms Private Equity Funds 20% Customers by Asset Type Funds of Funds 10% Real estate partnerships Banks, corporate treasury and other middle office users 70% Hedge Funds

46 46 Market Trends Funds continue to grow in complexity in asset classes, geographies and service requirements Stat Financial institutions and large funds are losing the appetite to build internal solutions and systems creating more outsourcing opportunities Traditionally under-penetrated markets like private equity and real estate continue to mature and embrace outsourcing

47 Competitive Positioning Only public non-bank administrator who provides services using its own best of breed platforms Operating leverage from automation and software allows for hire and retention of highly trained experts many in major financial centers. Independent of conflicts from prime brokerage, custody and asset management functions, truly independent administration. CULTURE OF INNOVATION Private Capital Group Formation Hybrid Funds Group Regulatory Solutions Insight and tax analytics platforms Loan Servicing 47

48 Competitive Service Execution

49 49 Real-time Trade Capture Capture transactions in accounting system Enrich transactions Process cancel / rebook transactions Communicate transactions to 3 rd parties Monitor matching, confirmations, affirmations and settlements Reconcile settlement variances Troubleshoot failed trades Monitor and report broker performance

50 50 Tri-Party Reconciliation Transactions, positions, expenses and accruals to prime brokerage records Transactions, positions, expenses and accruals to counterparties records Active break resolution Additional key capabilities / benefits: Automation Detailed break descriptions Support of multiple counterparties and prime brokers

51 51 Collateral Management Validate daily collateral requirements Reconcile variances with counterparties Communicate transfer instructions Monitor and settle collateral movements Provide exposure reporting Additional key capabilities / benefits: Full service offering Support of all derivative types Transparent and timely reporting

52 52 Wires and Payments Enter standard settlement instructions and cash wire payments Authorize cash wire payments from multiple bank accounts with multiple institutions Ability to authorize wires on the go Instruct payments to executing banks via SWIFT Role-based permissions to segregate payment processing duties Access to full wire history and audit trail Quick, secure, easy to use, paper-free process

53 53 NAV Production Intraday update positions and cash Intraday delivery of positions and cash Daily Profit & Loss and valuation reporting with online and fully customizable report writing tool Liaison with the funds auditors Online reporting tools for NAV production and sign-off

54 54 Tax Preparation, Analysis, and Optimization Coordinate audit and tax with 3rd parties Provide financial statements, work papers and schedules to support audit and tax process Respond to inquires Support Audit Committee reporting Additional Key Capabilities / Benefits: Deep domain expertise Existing relationship with audit / tax providers Web-based tax optimization technology (screenshots left)

55 55 Regulatory solutions Cloud based solutions: Form PF CPO-PQR AIFMD Annex IV MIFID II EMIR Form 13F FATCA Open Protocol (OPERA) Key strengths: Dedicated team of subject experts State-of-the art technology platform including data sourcing, drill down, transparency and electronic filing Active dialogue with regulators Software only or full service solution with underlying data and methodologies fully documented and auditable

56 56 Portfolio Analytics, Performance and Attribution Returns, exposures, contributions and P&L down to security level broken down by any desired hierarchy Position concentration, style, liquidity, top/bottom and multiple other types of analysis graphically Risk-adjusted performance and fund risk measurement Dynamic performance What If simulator Full service offering SS&C s accounting data populates performance for on-demand analysis

57 57 Citi Alternative Investor Services Update Customers Blue Chip clients Customer reception has been very positive Seeing opportunities to offer more services Participating in takeaway opportunities where Citi was a partial servicer People Long tenured employees with strong client relationships Global expansion in Asia Pacific and UK Management already demonstrated significant capability Deal and Integration Consolidating industry Expected to close Q Regulatory approvals received in United States Upgrades and integration in progress

58 Institutional and Investment Management Christy Bremner, SVP and Managing Director, Institutional and Investment Management

59 59 SS&C Institutional & Investment Management SS&C Institutional & Investment Management (I&IM) is a leading provider of software, SaaS and outsourcing solutions to the global asset management industry Primary Segments Served: Asset Managers 2014 I&IM Revenue Breakdown Professional Services Insurance Firms REITs Pension & Retirement Funds Banks, Sovereign & Government Funds Corporates and Other Asset Owners Software Licenses Maintenance Software-Enabled Services

60 60 Dominant and Global Solutions Provider Over 1,300 clients Clients in 57 countries Engaged clients on average, over 20% are upgrading to latest versions Deep market & industry penetration, ex: 70% of Australian TPAs, 60% of South African TPAs, etc.

61 Market In Transition: Insurance Companies Insurers are shifting away from internally developed investment-related systems, and we are seeing increased interest in cloud-adoption and technology outsourcing to manage risk. 59% 60% Believe processing new security types will be a major operational challenge Do not have all assets on one comprehensive investment accounting system Of large insurers plan >50% to increase cloud and co-sourcing services over next 5 years Top priorities when choosing a sustainable business model: 1. Skilled staff 2. Regulatory and compliance needs 3. Access to technology (i.e. webbased and mobile platforms) Source: SS&C, 2015 Global Insurance Asset Management Technology Outlook 61

62 Market In Transition: Asia Wealth Management As the number of high net worth individuals in Asia rapidly grows, our survey reveals that banks in the region think their technology is not up to standard to meet customer demands for reporting and analytics. 85% Don t believe their middle office technology is up to standard Don t think their investment 57% management data and analytics meet client expectations 62% Say online & mobile accessibility is a priority for improving client experience Opportunities for I&IM: 1. Cloud and mobility reporting 2. More detailed and customized client statements and reports 3. Granular investment analytics with improved data quality 4. Data automation / collection Source: SS&C, Digitalisation of banks in Asia: The transformation of wealth management service delivery 62

63 Market In Transition: Outsourcing Processes will be restructured and streamlined: many middle-to-back office activities will be consolidated or moved into BPO models as core-system platform changes become a priority to improve efficiency. 1 Rise in operating margins 33% for asset managers that restructured operating models in the downturn 2 20% 28% 20% Have outsourced business processes Expect to outsource or functions in the in the next last months months 2 Expect to outsource in the next 12 months 2 Common reasons for outsourcing: 1. Improve focus on investing 2. Improve efficiency 3. Utilize vendor expertise 4. Meet new business needs, ex: regulatory, operational, etc. 5. Reduce operational costs Sources: 1. E&Y, Global wealth and asset management industry outlook PwC, The art of letting go: Middle- and back-office right-sourcing options for insurance investment management 63

64 64 HiPortfolio & Anova (acquired as DST Global Solutions) Business Overview HiPortfolio int l accounting solution, strength in TPAs Anova data aggregation and analytics platform Over 90% of revenue from outside US Accomplishments Integrated DST into I&IM division Increased EBIDTA margins to over 40% Expanded services for over 20 clients Integrated products for cross-selling Future Plans Cross-sell of I&IM solutions Anova data aggregation and analytics HiPortfolio accounting, tax, regulatory

65 65 Varden Technologies Acquisition Business Overview 100+ asset and wealth mgt clients 30 employees in North America Advanced enterprise reporting solutions Portal and cloud technologies Acquisition Rationale Tuck-in acquisition, integrated into I&IM Solution can be leveraged across SS&C client base SS&C can take Varden global and provide commercial capabilities Future Plans Cross-selling Cloud-based reporting and analysis Global reporting deals, influencing large enterprise deals

66 Varden Customized Enterprise Reporting 66

67 I&IM Strategic Direction Client communications and reporting Performance, analytics and attribution Portals and mobility Accounting tax and regulations 67

68 SS&C Advent Pete Hess, SVP and General Manager, SS&C Advent Business

69 SS&C Advent SS&C Advent is a leading provider of portfolio management solutions to asset managers, hedge funds, prime brokers, fund administrators, and wealth management advisory firms Advent Revenue Breakdown SS&C acquired advent for $2.7 billion all cash offer in July ,300 clients in more than 50 countries Over 94% renewal rates Black Diamond, Geneva, and APX are award winning solutions in financial services industry Traditional Asset Management Alternatives Advisory 69

70 Advent History of Brand Leadership 2001 Alternatives portfolio management is redefined with Geneva 2003 Advent increases their global footprint 1994 Offers an integrated OMS and Portfolio mgmt Suite: Axys + Moxy 1983 Advent brings portfolio management software to the PC: The Professional Portfolio 2011 Black Diamond redefines the Advisory space 2015 SS&C Technologies acquires Advent: The combined entities have the ability to provide best-in-class technology based solutions across the entire delivery spectrum 70

71 71 Advent s Traditional Asset Management Market Business Traditional AM Clients 350 APX Market leading portfolio accounting, portfolio management and performance reporting Offered as local software as well as hosted with / without BPO services Moxy Most widely used trade order management & compliance solution in the market On-site and hosted deployment Axys Legacy, on site portfolio management, accounting and performance measurement solution Geneva Global portfolio management, accounting and performance measurement solution Fund and shareholder accounting, strong in alternatives

72 72 Advent s Alternative Asset Management Market Business Alternative AM Clients 400 Geneva Global portfolio management, accounting and performance measurement solution Fund and shareholder accounting, strong in alternatives Hedge funds, fund administrators, & prime brokers 250 Axys Legacy, on site portfolio management, accounting and performance measurement Predominantly long/short equity funds 25 Syncova Margin and collateral management solution

73 73 Advent s Advisory Market Business Advisory Clients 680 Black Diamond Outsourced, cloud-based portfolio management, reporting and rebalancing platform Integration with +40 different technology vendors (CRM, planning, analytics) 530 APX Market leading portfolio accounting, portfolio management and performance reporting Offered as local software as well as hosted with / without BPO services 1,300 Axys Legacy, on site portfolio management, accounting and performance measurement

74 Diversified Product Portfolio Advent Core Products Advent Complementary Products Core Product Offering Targeted Line(s) of Business Product or Service Description Geneva Prime Brokers, Hedge Fund Administrators, & Hedge Funds Moxy Tradex Trade order management Fund order management & transfer agency Advent Portfolio Exchange (APX) Asset Managers Syncova Margin and Financing calculation and analysis Advent Custodial Data Electronic delivery of standardized custodial data Axys Asset Managers Advent Revenue Center Integrated billing and revenue management Black Diamond Financial Advisors and RIA s Advent Rules Manager Tamale RMS Pre and post trade compliance Research management 74

75 75 SS&C Advent Synergy Update Market has accepted the Advent acquisition and is responsive to the revenue synergy opportunities Sales teams are working together on significant cross selling and incremental service opportunities with first successful sales achieved in Q4 $45 million expense synergies target progressing faster than anticipated with current run rate for expense synergies over $30 million today Significant opportunities remain within real estate and vendor rationalization / consolidation

76 76 SS&C Advent Strategic Initiatives Win the Advisory market Execute SS&C Advent revenue synergies Scale cloud business Enhance professional services profitability N+1 releases of traditional products Tuck in acquisitions

77 Q&A Panel