SS&C Technologies (NASDAQ:SSNC) Raymond James Institutional Investor Conference March 8, 2018

Transcription

1 SS&C Technologies (NASDAQ:SSNC) Raymond James Institutional Investor Conference March 8, 2018

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 forward-looking 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 forwardlooking 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. 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 Leading provider of mission-critical cloud-based software for financial services providers with a flexible, on-demand delivery model 3

4 4 SS&C Summary About Founded in 1986, 8,200 employees, 85 offices worldwide, NASDAQ: SSNC (since Q1 2010) Clients, Revenues Approximately 11,000 clients 94% contractually recurring revenues 2018 Guidance Adjusted Revenue full year of $1,755.2 million $1,785.0 million Adjusted Diluted EPS of $2.22 $2.32 Cash from Operating Activities of $570.0 million $590.0 million

5 5 Business Distribution Business Alternative Assets Institutional and Investment Management Advisory Targeted Solutions Hedge Funds Fund of Funds Private Equity Real Estate Fund Administration Institutional Asset Management Insurance REITs Pension Funds Wealth Management RIAs Property Management Municipal Finance Financial Modeling Money Market processing Training Research Management 2017 Revenue Business Distribution by End Market Advisory Institutional and Investment Management 27% Targeted Solutions 8% 6% 58% Alternative Assets

6 6 Investing in Innovation SS&C HAS COMPLETED 49 ACQUISITIONS TO DATE, INCLUDING: CHALKE, INC. SHEPRO BRAUN QUANTRA THE SAVID GROUP HEDGEWARE, INC. DIGITAL VISIONS REAL-TIME USA DBC OMR SYSTEMS NEOVISION HYPERSYSTEMS EISNERFAST FMC ZOOLOGIC NORTHPORT MICRODESIGN SERVICES MAXIMIS TRADEWARE THENEXTROUND, INC. GELLER INVESTMENT PARTNERSHIP SERVICES PORTIA GLOBEOP PRIME MANAGEMENT DST GLOBAL SOLUTIONS ADVENT SOFTWARE VARDEN TECHNOLOGIES CITI AIS SALENTICA WELLS FARGO GFS CONIFER COMMONWEALTH FUND SERVICES MODESTSPARK

7 20 High Margin Business Model $2,000 $1,800 $1,600 $1,400 41% 41% 40% 41% 42% 42% 40% $1,524 41% $1,683 Strong Revenue performance and high margin business model $1,200 $1,000 $800 $600 $400 $200 $329 $135 $151 $371 $220 $553 $292 $713 $320 $768 $442 $1,056 $612 $696 Q Adjusted Revenue increased 8.6% to $439.4 million compared to Q Q Adj. Con. EBITDA is $191.3 million, increased 14.7% since Q $ Adjusted Consolidated Ebitda Adjusted Revenue EBITDA Margin

8 8 High Quality Earnings $500 $450 $400 $350 $300 $250 $200 $150 $100 $50 $0 $470 $418 $409 $338 $253 $254 $231 $208 $206 $169 $134 $110 $117 $86 $76 $ Adjusted net income increased 20.3% to $114.5 million in Q Net cash from operating activities was $470.4 million for twelve months ended December 31, 2017, a 12.4% increase Adjusted Net Income Operating Cash Flow

9 9 Adjusted Diluted EPS Since 2010 IPO $2.00 $1.93 $1.64 $1.50 $1.00 $0.99 $1.18 $1.33 Q adjusted diluted EPS $0.54 $0.50 $0.45 $0.54 $ % CAGR since SSNC s 2010 IPO $

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