Investor Presentation

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Investor Presentation"

Transcription

1 SOLUTIONS THAT FIT Investor Presentation May 11,

2 Forward-Looking Statements This presentation contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ( forward-looking statements ). Statements concerning D+H s objectives, goals, strategies, priorities, intentions, plans, beliefs, expectations and estimates, and the business, operations, financial performance and condition of D+H are forward-looking statements. The words believe, expect, anticipate, estimate, intend, may, will, would, could, should, continue, goal, objective, and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. D+H has also made certain macroeconomic and general industry assumptions in the preparation of such forward-looking statements. While D+H considers these factors and assumptions to be reasonable based on information currently available, there can be no assurance that actual results will be consistent with these forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause D+H s actual results, performance or achievements, or developments in its industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Risks related to forward-looking statements include, among other things, increased pricing pressures and competition which could lead to loss of contracts or reduced margins; the Company s ability to comply with regulations; the Company s ability to deliver products and services in line with the changes in the United States of America ( U.S. ) and Canadian banking and financial services industry; the Company s ability to avoid inherent risks in the technology industry related to cyber-security threats and breaches; the Company s dependence on a limited number of large financial institution customers in Canada and dependence on their acceptance of new programs; declines in the use of personal and business cheques; strategic initiatives being undertaken to grow our business and increase profitability; stability and growth in the real estate, mortgage and other lending markets; the Company s ability to generate cash to invest in the business and at the same time be able to pay dividends and debt repayments; as well as general market conditions, including economic, foreign exchange and interest rate dynamics. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The documents referred to herein also identify additional factors that could affect the operating results and performance of the Company. Forward-looking statements are based on management s current plans, estimates, projections, beliefs and opinions, and D+H does not undertake any obligation to update forwardlooking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change except as required by applicable securities laws. All of the forward-looking statements made in this presentation are qualified by these cautionary statements and other cautionary statements or factors contained herein and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. 2

3 A Global FinTech Leader Our Vision: To be the leading FinTech provider to the financial services industry Providing financial institutions with software and technology to serve their customers, compete, optimize and grow their business Client base of nearly 8,000 financial institutions with addition of Fundtech Solid track record of long-term performance and growth Executing on a global growth strategy 2014 Pro Forma Adjusted Revenues of C$1.45B 1,2 Business Segment Diversification Geographic Diversification Fundtech 20% 21% Payments Solutions EMEA APAC 3% 8% Canada Lending Solutions 43% 16% Enterprise Solutions U.S. 44% 45% 1) Non-IFRS measure. See Appendix A for details. 2) See Prospectus Supplement dated April 1,

4 Investment Thesis - DH Corporation (TSX:DH) High Demand for FinTech Products Well-positioned for FinTech Market Opportunities Proven Business Model and Strategies Increasing regulatory complexity Consumerization of banking technology Legacy IT updating and replacement Banks investing in FinTech for competitive advantage Addressable market ~13,000 U.S. banks and credit unions and the world s largest global banks Market-leading in-demand products Cross selling opportunities with 8,000 clients Long-term contracts Highly recurring revenues with attractive margins Strong cash flows to support growth, deleveraging, and dividend Expecting medium term synergies and accretion from Fundtech acquisition 4

5 D+H FinTech Journey and Transformation Debt/EBITDA X 1.26X 1.38X 2.08X 2.03X 3.05X 2.11X x 2 Equity Market Capitalization $4.4B 3 $3.2B Adjusted revenues (C$ millions, unaudited) $2.4B $1,450 PF 1 $923M $901M $679M $738M $318 $370 $367 $445 $1.3B $1.1B $1.0B $584 $656 $695 $866 $291 $1,159 $ PF Q % Payments solutions % of Adj. revenues 1 Revenue Growth and Diversification 25% Payments solutions % of Adj. revenues 1 1) Non-IFRS measure. See Appendix A for details. 2) Debt to EBITDA ratio, net of up to C$40M cash in bank. 3) As of market close May 6, ) See Prospectus Supplement dated April 1,

6 D+H Strategy Strategy: - Establish leading positions in growing markets in the financial services industry - Reinforce these positions with integrated technology solutions - Deliver increasing value to our clients and shareholders Leveraging Strengths Objectives Canada U.S. Global EPS growth True trusted supplier with deep bank relationships Broad client base for cross-sell strategy Leading single global transaction platform Margin expansion Deeply entrenched in client base Multiple growth vectors Entrenched relationships with top global banks High recurring revenues Lending and Payments domain experience Leading lending origination and compliance solutions Leading in-demand solutions Partnerships and Acquisitions Leadership in all service areas Strong enterprise solutions Positioned for global banking tailwinds Strategic global expansion 6

7 Further Diversifies our Business Prior to HFS December 31, 2012 (1) Adjusted Revenues 1 Going Forward Pro Forma 2014 (1)(2) Lending Processing Solutions 38% 19% Banking Technology Solutions Canada 92% 43% U.S. 8% Payments Solutions Lending Solutions Fundtech U.S. Canada 20% 43% 44% 45% 21% 16% 11% Payments Solutions Enterprise Solutions International C$695M C$1.45B ~1,700 clients ~8,000 clients 1) Non-IFRS measure. See Appendix A for details. 2) Fundtech s financial results for 2014 were converted from U.S. dollars to Canadian dollars using the following exchange rate: US$1.00 = CDN$

8 Strategic and Accretive Acquisition Complementary FinTech pillars Leading provider of Global Payment and Transaction Banking Solutions Leading provider of Lending and Integrated Core Solutions 8

9 Strategic and Accretive Acquisition - Synergy New clients plus new products for existing clients LaserPro Mortgagebot POS Mortgagebot LOS Commercial Lending Integrated Core Channel Solutions Optimization Increased cross-selling potential Payment Technology Wire Services Cash Management Merchant Services Financial Messaging Payables/Receivables Automation 9

10 Product Offerings Lending Solutions U.S. Lending Service Areas Canadian Mortgage Technology Canadian Collateral Management Solutions Canadian Student Lending Key Business Drivers Regulatory changes / Bank demand for lending products Residential mortgage activity Economic growth, particularly in the auto sector Post-secondary university and college enrolment levels Payments Solutions Enterprise Solutions Global Transaction Banking Solutions Cheque program Enhancement Services U.S. Core banking platforms U.S. Channel Solutions U.S. Cloud Solutions Global payments technology Cash Management Financial Messaging Merchant Services Cheque usage Large Canadian banks income strategies Banks embracing new consumer product offerings Core technology spend Demand for self-service (e.g. online and mobile) Migration to cloud hosting Proliferation of payment types, channels, and volumes Bank focus on fee-based transaction banking Replacement of outdated payment systems Demand for technology solutions for regulatory compliance Growth & electronification of corporate payments Increasing bank spending on 3rd party technology 10

11 Product Offerings Lending Solutions Service Areas U.S. Lending Canada: Mortgage Technology Collateral Management Student Lending Products LaserPro compliant loan documentation solution POS - SaaS loan application - mortgage / consumer / commercial LOS - SaaS loan origination processing / compliance / closing CreditQuest and CreditPath commercial lending solutions Expert and Express broker-originated mortgage platform Lien registration and collateral recovery management Canada Student Loans Program and provincial programs Payments Solutions Canada: Cheque programs Enhancement Services Personal and business cheques Credit Monitoring, Identity Protection, and Payment Management subscription services for bank cheque and credit card customers Enterprise Solutions Global Transaction Banking Solutions U.S. Core Banking Channel Solutions Cloud Hosting U.S. and Global Global payments technology Cash Management Financial Messaging Merchant Services PhoenixEFE and UltraData core banking platforms Bank branch and customer self-service channel products including teller/online/mobile. Compushare C3 full service cloud hosting Global PAYplus integrated global payments solution PAYplus and ACHplus U.S. wire transfer solutions Global Messaging Plus financial messaging e.g. SWIFT Global CASHplus cash management solution NetDeposit remote deposit capture and e-billing 11

12 Recent Development Acquisition of Fundtech 12

13 Strategic Expansion into Global Payments High growth market - payment technology is top priority for bank IT spend Mission-critical payment solutions for banks Profitable growth for D+H Extends and broadens our relevancy to U.S. banks, including the largest U.S. banks Value for D+H Shareholders 13

14 The Right Transaction at the Right Time Continuation of D+H growth strategy Aligned with D+H Acquisition Strategy Leverages the strategic advances realized by our 2013 acquisition of HFS Leader in global payments technology meeting the competitive imperatives of banks Strong macro tailwinds driving top and bottom-line growth Combined cash flow will enable deleveraging, support dividend payments and fund investment for future growth Attractive Growth Profile Growth company with strong fundamentals Historical top-line growth in the high single-digit range with attractive and expanding margins Purchase price of US$1.25 billion consistent with growth potential Value for Shareholders Expected to be accretive within the first twelve months following closing Attractive medium-term synergies through cross-selling opportunities and cost savings 14

15 Strategic and Accretive Acquisition Increases our exposure to the U.S. and international markets Increases Size of Our Available Market Diversifies Client Base Fundtech serves 9 of the Top 10 U.S. banks Fundtech serves 32 of the Top 50 global banks 15

16 Megatrends Challenge Banks, Strategically Position D+H Increasing Proliferation of Payment Types and Channels Increasing global transaction volumes and new payment channels drive need for versatile payment systems architecture Multiple customer types, origination channels, software platforms, and regulatory and reporting requirements demand integrated solutions Real-Time Settlement and Straight-Through-Processing will become essential offerings Focus on High Margin Transaction Banking Revenue Transaction-based revenue is outpacing interest-based revenue at many financial institutions Competitive edge in payments technology is vital to growing revenues / customers and maximizing efficiency Legacy Systems Often Unable to Meet Evolving Business Requirements Consolidation in banking has led to multiple, disparate and often outdated systems Complicates the adoption and integration of new payment origination channels Unless addressed, forces higher operating expenses for banks and limits opportunities to expand scale and efficiency Increased Spending on Regulatory Compliance Regulatory environment and scrutiny continues to broaden (Basel 3, Dodd-Frank, SEPA), driving cost and complexity for banks Technology widely identified as a key solution to cost-effective compliance Fundtech s integrated solutions are aligned with major secular tailwinds 16

17 Legacy Banking Exceptionally Complex The Current Infrastructural Landscape: A Complex Problem CUSTOMER GLOBAL CASH MANAGEMENT EDI/DIRECT TRANSMISSION DOMESTIC CASH MANAGEMENT CUSTOMER CLIENT SERVICE RISK/AML DOMESTIC LOW-VALUE PAYMENTS SYSTEM LOCAL ACH INTERNATIONAL PAYMENTS SWIFT ACCOUNT SYSTEM WIRES INFORMATION REPORTING DOMESTIC HIGH-VALUE PAYMENTS SYSTEM CHECK PROCESSING 1) Source: Celent 17

18 Fundtech Simplifies the Banking Ecosystem Fundtech enables a single solution across a bank s entire global organization Online Channels Tablet Bank Operations and Branches Mobile Suppliers and Customers Internet Banking Corporates New York London Geneva Prague Hong Kong Financial Networks CASH MANAGEMENT Paris PAYMENTS Clearing and Settlement MERCHANT SERVICES Denver FINANCIAL MESSAGING MERCHANT SERVICES CASH MANAGEMENT New York SaaS Origination Execution $ 18

19 Provides Deep Capability Set into Banking Ecosystem Payments Allows financial institutions to consolidate multiple payment applications onto one platform and process payments across the globe Financial Messaging Enables the efficient exchange of standardized transaction messages over a secure electronic network Cash Management Enables financial institutions to offer their customers the functionality to effectively manage their cash and liquidity while optimizing their working capital Merchant Services Modern payment solutions for merchant customers such as Remote Deposit Capture and Electronic Invoicing Estimated annual bank IT spend on all of Fundtech s markets is ~US$5-6B (1) 1) Source D+H Management. 19

20 Fundtech Business Summary Business Overview Financial summary (1) (US$ millions) Founded in 1993 brings deep domain expertise in payment solutions with approximately 1,500 employees in 19 offices worldwide, including development centers in the U.S., Israel, India, and the UK $242 $263 Adj. Revenues Adj. EBITDA Diverse and growing client base of global money center banks, mid-size banks and credit unions, non-bank FIs, sovereigns and corporates, with limited client concentration risk Approximately 1,200 clients including: 190 of the top 300 U.S. banks 9 of the top 10 U.S. banks 32 of the top 50 global banks Products support high margin transaction banking revenue at a lower total cost of ownership than disparate legacy systems Fundtech product suite built on contemporary Service-Oriented Architecture (SOA) principles APAC 14% EMEA 39% $59 $ Revenue by Geography Americas 47% 2014 Revenue by Type Hardware 1% License 8% Services 35% SaaS 33% Maintenance 23% ~56% Recurring Revenue 1) Non-IFRS measure. See Appendix A for details. 20

21 Financial 21

22 Enhanced Growth Profile from Strategic Acquisition Adjusted revenues (1,2) Adjusted EBITDA (1) Enhanced Growth Profile (C$ Millions) (C$ Millions) $1,450 3 Adj. EBITDA Margin Fundtech will accelerate D+H growth % 29% 30% $428 3 Fundtech s margins support D+H margin profile $ $ $ $ Well-positioned to benefit from the secular trends in global transaction banking Upside opportunity to crosssell our comprehensive suite of solutions, including with existing North American clients PF Canada U.S. Fundtech PF Canada U.S. Fundtech International growth opportunities At US$1.00 = CDN$ At US$1.00 = CDN$ ) Non-IFRS measure. See Appendix A for details. 2) Totals may not add due to rounding. 3)See Prospectus Supplement dated April 1, ) Exchange rates are in reference to the 2014 Pro Forma figures and represent the average exchange rate for the period of January 1 to December 31,

23 Long Term D+H Financial Objectives Adjusted revenues 5-7% Adjusted EBITDA 8-10% Adjusted EBITDA Margin 30% Adj. Net Income per share 8-10% 23

24 Solid Financial Performance Adjusted revenues 1 (All figures in C$ millions) Adjusted EBITDA 1 Adjusted net income per share 1 (All figures in C$ millions) (All figures in C$) 1,159 Adj. EBITDA Margin 27% 28% 29% 30% 29% $ $1.80 $1.82 $ $ Q Q Q Canada US Canada US 1) Non-IFRS measure. See Appendix A for details. 2) Totals may not add due to rounding. 24

25 Strong and Flexible Capital Structure - Q (All figures in C$ unless otherwise indicated, unaudited) Enterprise Value = $4.4B 1 $505 M $346 M $230 M $3,350 M Secured Credit Facilities Non-Revolver: C$339M (US$ Denominated debt) Revolver: C$7M Revolver-Undrawn: C$443M Secured Bonds C$100M and C$405M (US$ Denominated debt) Convertible Debentures C$230M 6% Convertible Unsecured Subordinated Debentures maturing September 30, 2018 Conversion price of C$28.90 Bonds Convertible Debentures Common Equity Credit Facility Equity Capitalization 86,591,242 Shares Outstanding Book Value $1.32B Note: Excludes committed financing for Fundtech acquisition 1) Share price as at March 31,

26 Financing Strategy and Current Debt Structure Diversified funding sourcing Mix of fixed and floating rate debt Well staggered debt maturities Diversified institutional / retail investor base Debt Structure 1 Term to Interest Maturity Rate (Years) (C$M) Weighted Average Debt Balance BA/LIBOR Credit Facility %; PRIME % Bond 5.68% Bond (US$63 M) 5.59% Bond (US$32 M) 3.94% Bond 5.76% Bond (US$225 M) 5.51% Bonds 5.44% Convertible Debentures 6.00% Total Debt 5.51% ,081 Historical Debt Balance and Leverage Ratio 2 Debt Balance (C$ Millions) 1.90x Debt / EBITDA 1.75x 2.87x 2.76x 2.75x 2.64x 2.11x 2.34x Q Q Q Q Q Reasonable Cost of Capital and Low Refinancing Risk 5 1) As at March 31, 2015 before deferred financing costs 2) Excludes convertible debentures 3) Debt/EBITDA ratio adjusted to remove the impacts of foreign exchange fluctuations 4) The weighted average interest rate includes the effect of deferred financing fees. 5) Debt to EBITDA ratio, net of up to C$40M cash in bank. 26

27 Appendices Product/Service Profiles Management Team 27

28 Canadian Mortgage Technology D+H is the leader in broker-originated mortgage technology solutions start D+H Expert is a web-based residential mortgage origination solution that connects brokers with more than 70 banks/lenders and processes $80B+ of transactions annually Application creation and submission, compliance, marketing and reporting D+H Express automates the mortgage underwriting process Bank sales specialists Expert Mortgage brokers Provides clients with credit risk, cross-portfolio exposure, and portfolio trends D+H Exchange provides flexible and secure document management Banks/Lenders Brokers originate 25-30% of all residential mortgages (40% of first-time home buyers) 1 Express Recurring Revenue Model Blend of value and number of mortgages funded on our platform Credit bureaus Insurance companies Mortgage Insurers D+H paid by banks/lenders on basis of mortgages funded 1. Canadian Association of Accredited Mortgage Professionals (CAAMP), Mortgage Insight Report, December

29 Collateral Management Solutions - Canada D+H is Canada s leading provider of search and lien registration management and technology-based asset recovery, remarketing and insolvency solutions Public Registries Banks/Lenders Recovery Suppliers Bankruptcy Trustees Registry Services Canada s leading provider of technology and services for search and lien registration management Automated links to all provincial and federal government registries to facilitate PPSA, Corporate, land, and Bank Act security transactions 4M+ lien-related transactions processed per year D+H esearch is a web-based solution that fully meets global KYC standards Provides a managed service for the registration of Mortgage Discharges Revenue Model Flat fee per transaction type (search, registration, amendment) Typically paid by bank customer at time of sale (e.g., contract for auto purchase) Recurring revenue based on term contracts and continuing volumes year-over-year Recovery Services Market-leading integrated process and technology solutions for: Location, recovery, transportation, appraisal, and remarketing of automotive, marine and RVs Insolvency management Unsecured recoveries Real property recovery Leverage technology to link hundreds of independent recovery organizations across Canada Revenue Model Fees based on percentage of value of recovered or remarketed assets plus a file management or workflow fee Volumes growing due to higher lending activity 29

30 Canadian Student Lending D+H is the largest provider of student loan program administration solutions to governments and financial institutions across Canada 1 Origination Maintenance Repayment Discharge Document gathering and validation Adjudication Funds disbursement Customer service Product accounting Payment processing Statement issuance Borrower communications Customer service Repayment counseling Campaign strategy and management Portfolio management Loan restructuring Discharge of fullyamortized loans Recurring Revenue Model A monthly servicing fee per student based on status Servicing incentives Professional services Contract Renewal The Federal government has issued an RFP for a new contract D+H has submitted its application in January 2015 in accordance with the terms of the RFP Federal Govt Provincial Govts Banks 1.7M post-secondary students serviced Customer loan portfolio of $22B 1) Includes Federal Government and certain Provincial governments. 30

31 Canadian Payments Solutions Banks Credit Unions Enhancement Services / Payment Manager Enhancement Services Subscription-based value-added solutions that banks use to drive loyalty, increase acquisitions and enhance revenue from their core banking customers Credit Rating Agencies Optional (customer-paid) credit monitoring solution Optional ID theft solution Cheques: Cheques Payment Manager Enhancement Services Bank and Credit Union Customers Enables new bank customers to easily transfer their existing pre-authorized payments to their new account or credit card Market leader in Canadian cheque-based payments solutions 20 Million personal accounts 2 Million small business accounts Supplier to all major Canadian banks Reliable source of revenue and cash flow Recurring Revenue Model Subscription revenue is monthly from banks customers Additional revenue opportunity through increased deposit account customers, lending and insurance customers 31

32 U.S. Lending Solutions The combination of LaserPro and other lending products together with the POS and LOS solutions positions D+H as the leading Lending Solutions provider to U.S. banks, community banks, credit unions and specialty lenders Our offerings enable the origination, compliance, and management of consumer, mortgage and commercial loans LaserPro loan documentation compliance solution LaserPro is the Number 1 loan documentation and compliance solution in the U.S. with over 3,300 clients Nearly 25% of U.S. Fl s use LaserPro 1 50 of the top 100 U.S. banks use LaserPro Mortgagebot POS Point of Sale and LOS Loan Origination System lending solutions serving U.S. banks, credit unions and mortgage lenders CreditQuest and CreditPath commercial lending underwriting, risk management, and portfolio management Revenue Model Subscription Maintenance License Professional Services & Other Transaction Revenue 1) Internal data as at April 2014, FDIC / NCVA is March

33 U.S. Cross-Selling Opportunity Lending Lifecycle MORTGAGE APPLICATION UNDERWRITING ORIGINATION COMPLIANCE LOAN CLOSING Market leading loan documentation compliance software used by 3,300+ U.S. financial institutions 33

34 U.S. Enterprise Solutions Enterprise includes core banking and channel solutions such as Teller, Online and Mobile Banking, Payments, and Cloud computing PhoenixEFE UltraData Core Banking Sparak Intrieve Bankway Teller Platform Encore, EZTeller Cloud Solutions / IaaS - Compushare Business Intelligence - Touche Online and Mobile Banking Cavion, ubanking Payments DPXPay, EFT, EBPP Innovative channel solutions support self-service, business intelligence and branch automation Cloud and Infrastructure solutions move mission critical data and systems to private cloud and provide lower cost to clients, with higher security and technology currency Online and Mobile banking provides key capabilities for retail bank customers Core processing platforms enable Transaction recording / posting Financial accounting Content management Payments solutions Business Intelligence 34

35 Cross-Selling Opportunity - Enterprise Solutions Channels Core Cloud Online Banking Mobile Banking Teller Applications Client Management Deposit Transactions Customer information Payments Financial accounting Top Four U.S. Provider of Core Banking Technology 35

36 Fundtech Payments Overview Flagship Product: Global PAYplus Fundtech s next-generation transaction banking software that allows FIs the ability to consolidate multiple payment applications onto one platform and process payments across the globe in a single-instance, globally extensible solution. Captures, manages and processes payments in local and international environments sourced from multiple initiating channels and settled to multiple clearing networks globally. Within the FinTech industry, this type of solution is commonly referred to as a payment hub. Global Payments Centralizes payment systems and activity Supports high value, low value and realtime payments PAYMENTS U.S. Payments Fedwire and ACHplus Focus on mid to small size U.S. banks Competitive Differentiation: Multi-payment / channel / currency / entity capabilities, functionally rich, rulesbased environment, high performance and scalability Target clients: Tier 1 and 2 banks for GPP; Tier 3 and 4 banks for U.S. Payments Delivery mode: Tier 1 and 2 banks On-site. Tier 3 and 4 banks SaaS delivery. Multi-currency, multilingual, mutli-entity payments End-to-End straight through processing Revenue Model Subscription Maintenance License Services 36

37 Fundtech Global Payments Global PAYplus Customer Channels Corporate Clients Bank Clients Branches Electronic Banking Internet Banking Mobile Channel Management Order Management Clearing & Settlement Messaging & Advising Origination Validation Audit & Authorization ISO20022 Validation Routing Workflow STP Fed/NACHA Advising & Statement Enrichment & Mapping Routing, Fees & Validation SWIFT Validation & Enrichment FX Warehouse Dashboard Core Payment Functionality Straight Through Processing Compliance Routing Posting Value-Added Capabilies Liquidity & Risk Management Transformation Account Derivation Fees Monitoring Reporting & Analytics Clearing Channels Check Clearing Networks ACH Networks Wire Networks Card Networks Interbank Networks Immediate Payment Networks O r c h e s t r a t i o n / C o n n e c t i v i t y 37

38 Fundtech Cash Management Overview Drivers and Value Proposition Flagship Product: Global CASHplus Cash, liquidity, and working capital management solution for banks and corporate clients. Supports straight-through processing. Comprehensive payment initiation, both wire and ACH; Integrated payables and receivables management; Supply chain finance; Cash forecasting and balance reporting; and Mobile banking. Target clients: Tier 1-3 banks Delivery mode: On-Premises Target Geographies: APAC, EMEA, and Americas Market demand driven by geographic expansion, increased client demand for innovation, revenue growth Value proposition: Improves operational efficiency with a multi-region, multi-currency cash management solution Revenue Model Subscription Maintenance License Services 38

39 Fundtech Financial Messaging Overview Flagship Product: Global Messaging Plus Single-instance platform which enables the exchange of standard transaction messages over secure networks with capacity for up to 7 million messages per hour. Provides financial institutions and corporate clients with connectivity to interbank services, such as the SWIFT messaging network. Target clients: Tier 1-3 banks and multinational corporations Delivery mode: Primarily SaaS but available on premises Target Geographies: Europe, Americas and APAC Drivers and Value proposition Market demand driven overall growth in payment transaction volumes, growth in corporate SWIFT access (a product that is highly relevant for any multi-national corporation), and implementation within smaller banks seeking to offer electronic payment products. Value proposition: cost reduction, increased operational efficiency, easy integration with existing systems, improved usability and transparency Ability to handle multiple formats, integrated payment logic, integrated compliance, work flow management, performance/scalability Provides connectivity to networks employing SWIFT and non-swift formats; Interfaces with many banking applications Supports advanced straight-through payment processing Revenue Model Primarily SaaS Subscription 39

40 Fundtech Merchant Services Overview Flagship Product: NetDeposit Merchant Services is a platform which primarily provides white-label remote deposit capture, e- billing products and internet payments solutions for banks and corporate customers Secure and scalable remote deposit capture solutions scan cheques and transmit scanned images and/or ACH data to financial institutions for clearing, and settlement Electronic invoice presentment and payment, which enables corporate clients to receive invoices and make or receive payments online; and Target clients: Tier 2 through Tier 4 banks and corporate clients Delivery Model: Primarily SaaS Target Geographies: Asia Pacific, Americas, Europe, Middle East and Africa Drivers and Value Proposition Market Drivers: Market demand driven by regulatory requirement to process checks electronically, competitive pressures to provide the offering, and quick processing of receivables, reduced errors and fraud Value proposition: security, risk mitigation and control, compliance and scalability Centralized control of risk management, user management and system management; Flexible tools for fraud monitoring, deposit review and reporting; and Out-of-the-box compliance with security standards and regulatory requirements. Revenue Model SaaS Subscription Maintenance License Services 40

41 Appendix A - Non-IFRS Financial Measures This presentation makes reference to certain non-ifrs financial measures. These non-ifrs financial measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of operations from management s perspective. Accordingly, non-ifrs measures should never be considered in isolation nor as a substitute to using net income as a measure of profitability or as an alternative to the IFRS consolidated statements of income or other IFRS statements. Management presents non-ifrs measures, specifically Adjusted revenues, EBITDA, EBITDA margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, and Adjusted net income per share, Debt to EBITDA, and interest coverage ratio as it believes these supplementary disclosures provide useful additional information related to the operating results of D+H and uses these measures of financial performance as a supplement to the consolidated statements of income of D+H. The definitions of the non-ifrs measures contained in this presentation are as follows: (i) Adjusted revenues, which is calculated as revenue after removing the effect of purchase accounting on the fair value of acquired deferred revenue; (ii) EBITDA is calculated as income from continuing operations excluding interest, taxes, depreciation and amortization, other non-cash finance charges and fair value adjustments of interest-rate swaps which are directly related to interest expense, income from investment in an associate and gain on re-measurement of the previously-held equity interest in the Compushare Inc. ( Compushare ) investment. (iii) EBITDA margin calculated as EBITDA divided by revenue; (iv) Adjusted EBITDA excludes: (a) acquisition-related expenses such as transaction costs, business integration costs and certain retention and incentive costs incurred in connection with acquisitions; (b) other charges such as corporate development costs related to strategic acquisition initiatives; and (c) costs incurred in connection with cost-realignment initiatives, all of which are not considered to be part of the normal course of operations. Beginning in the third quarter of 2013, the Company s calculation of Adjusted EBITDA also excluded effects of acquisition accounting on the fair value of deferred revenues and deferred costs acquired from the acquisition of HFS; (v) Adjusted EBITDA margin calculated as Adjusted EBITDA divided by Adjusted revenues; (vi) Adjusted net income which is calculated as net income after removing the impacts of acquisition accounting on fair value of deferred revenues and deferred costs acquired from the HFS acquisition; acquisition-related and other charges; gains and losses on sales resulting from sale of non-strategic assets; expenses associated with cost-realignment initiatives; discontinued operations; all of which are not considered to be part of the normal course of operations; and, certain non-cash items such as amortization of intangible assets from acquisitions, gain on re-measurement of the previously-held equity interest in Compushare, non-cash finance charges such as deferred financing fees associated with D+H s previous credit facility written off upon the refinancing in connection with the acquisition of HFS, amortization of other deferred financing charges, accretion of the convertible debentures, fair value adjustments of interest-rate swaps, tax effects of these items and tax effects of acquisitions; and (vii) Adjusted net income per share which is calculated as Adjusted net income divided by the weighted average number of issued and outstanding common shares during the relevant financial period. For further details on these measures and for a reconciliation to the closest IFRS measure, see D+H s most recent Management Discussion and Analysis ( MD&A ), copy of which is available on SEDAR at 41

42 Disclaimer This documentation is a presentation of general background information about D+H s activities and is current as of the date of the presentation. It is information in a summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice, when deciding if an investment is appropriate. The information contained in this presentation is derived solely from otherwise publicly available information concerning D+H and does not purport to be allinclusive or to contain all the information that an investor may desire to have in evaluating whether or not to make an investment in D+H. The information has not been independently verified and is subject to material updating, revision and further amendment, and is qualified entirely by reference to the D+H s publicly disclosed information. Without limiting the generality of the foregoing, the selected financial information included in this presentation is qualified in its entirety by, and should be read together with D+H s Consolidated Audited Financial Statements for the year ended December 31, 2014 and Unaudited Condensed Interim Consolidated Financial Statements for the three months ended March 31, 2015 on SEDAR at No representation or warranty, express or implied, is made or given by or on behalf of D+H or any of its affiliates or subsidiary undertakings or any of the directors, officers or employees of any such entities as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. In furnishing this presentation, D+H does not undertake or agree to any obligation to provide the attendees with access to any additional information or to update this presentation or to correct any inaccuracies in, or omissions from, this presentation that may become apparent. No person has been authorised to give any information or make any representations other than those contained in this presentation and, if given and/or made, such information or representations must not be relied upon as having been so authorised. The information and opinions contained in this presentation are provided as at the date of this presentation. The contents of this presentation are not to be construed as legal, financial or tax advice. Each prospective investor should contact his, her or its own legal adviser, independent financial adviser or tax adviser for legal, financial or tax advice. The securities of D+H have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This presentation does not constitute or form part of any offer or invitation for the sale or purchase of securities or any of the assets, business or undertaking described herein nor shall it or any part of it form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever. Recipients of this presentation who are considering acquiring securities of D+H are reminded that any such purchase or subscription must not be made on the basis of the information contained in this presentation but are referred to the entire body of publicly disclosed information regarding D+H. This Presentation is being supplied to you solely for your information and may not be reproduced, further distributed or published in whole or in part by any other person. Distribution of this presentation may be restricted or prohibited by law. Recipients are required to inform themselves of, and comply with, all such restrictions or prohibitions and D+H does not accept liability to any person in relation thereto. 42

43 Investor Relations Contacts: Karen H. Weaver Executive Vice President and Chief Financial Officer Richard Colgan Senior Investor Relations Manager 43

Investor Presentation Q1 2015

Investor Presentation Q1 2015 SOLUTIONS THAT FIT Investor Presentation Q1 2015 April 28, 2015 Forward-Looking Statements This presentation contains certain statements that constitute forward-looking information within the meaning of

More information

B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P. BMO 2013 Technology and Digital Media Conference

B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P. BMO 2013 Technology and Digital Media Conference B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P BMO 2013 Technology and Digital Media Conference Forward-Looking Statements This presentation contains certain statements that

More information

Scotiabank Financials Summit September 4, 2014

Scotiabank Financials Summit September 4, 2014 Scotiabank Financials Summit September 4, 2014 Customers Capital Bank ~7,000 customers, high level of recurring revenue 2 Forward-Looking Statements This presentation contains certain statements that constitute

More information

Altus Group Reports First Quarter Financial Results for 2015

Altus Group Reports First Quarter Financial Results for 2015 Street Smart. World Wise. Altus Group Reports First Quarter Financial Results for 2015 Altus Group Delivers 14% Revenue Growth, Including 43% Increase in Recurring Revenues from GAIM Businesses TORONTO,

More information

Q3 2014 SHAREHOLDERS REPORT. A leading provider of independent commercial real estate consulting and advisory services, software and data solutions.

Q3 2014 SHAREHOLDERS REPORT. A leading provider of independent commercial real estate consulting and advisory services, software and data solutions. A leading provider of independent commercial real estate consulting and advisory services, software and data solutions. Q3 2014 SHAREHOLDERS REPORT THIRD QUARTER REPORT 2014 FOR THE NINE MONTHS ENDED SEPTEMBER

More information

MORGAN STANLEY Financial Supplement - 4Q 2015 Table of Contents

MORGAN STANLEY Financial Supplement - 4Q 2015 Table of Contents Page # MORGAN STANLEY Financial Supplement - 4Q 2015 Table of Contents 1. Quarterly Consolidated Financial Summary 2. Quarterly Consolidated Income Statement Information 3. Quarterly Consolidated Financial

More information

SANDVINE REPORTS Q3 2015 RESULTS

SANDVINE REPORTS Q3 2015 RESULTS PRESS RELEASE SANDVINE REPORTS Q3 2015 RESULTS Waterloo, Canada; October 8, 2015 Sandvine, (TSX:SVC) a leading provider of intelligent network policy control solutions for fixed and mobile operators, today

More information

DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014

DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 For Immediate Release DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 HIGHLIGHTS Q1 2014 First quarter 2014 ( Q1 ) Revenues of 77.9 million, Q1 Gross Profit of 18.8 million and Q1 Net Income of

More information

APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS

APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS First Quarter 2015 Financial and Portfolio Highlights APX Group Reports Total Revenue of $149.9 Million, up 14.9% Year over Year Adjusted EBITDA

More information

INTERACTIVE DATA REPORTS FOURTH-QUARTER AND FULL- YEAR 2014 RESULTS

INTERACTIVE DATA REPORTS FOURTH-QUARTER AND FULL- YEAR 2014 RESULTS Press Release INTERACTIVE DATA REPORTS FOURTH-QUARTER AND FULL- YEAR 2014 RESULTS New York February 12, 2015 Interactive Data Corporation today reported its financial results for the fourth quarter and

More information

DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015

DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015 For Immediate Release DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015 SECOND QUARTER HIGHLIGHTS Second quarter 2015 ( Q2 ) Revenues of $73.4 million, a decrease of 4.3% year over year

More information

Lender Processing Services. June 2008

Lender Processing Services. June 2008 June 2008 Forward-Looking Statements This presentation will contain forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements

More information

NEXJ SYSTEMS INC. MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

NEXJ SYSTEMS INC. MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS NEXJ SYSTEMS INC. MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This management s discussion and analysis of financial condition and results of operations (the MD&A

More information

Morgan Stanley Reports Third Quarter 2015:

Morgan Stanley Reports Third Quarter 2015: Media Relations: Michele Davis 212-761-9621 Investor Relations: Kathleen McCabe 212-761-4469 Morgan Stanley Reports Third Quarter 2015: Net Revenues of $7.8 Billion and Earnings per Diluted Share of $0.48

More information

KINAXIS INC. MANAGEMENT S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED DECEMBER 31, 2014

KINAXIS INC. MANAGEMENT S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED DECEMBER 31, 2014 KINAXIS INC. MANAGEMENT S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED DECEMBER 31, DATED: February 24, 2015 Unless the context requires otherwise, all references in this management s discussion and analysis

More information

Mitel Q3 2015 Earnings Call Presentation. November 5, 2015

Mitel Q3 2015 Earnings Call Presentation. November 5, 2015 Mitel Q3 2015 Earnings Call Presentation November 5, 2015 Safe Harbor Statement Forward Looking Statements This presentation contains projections and other forward-looking statements regarding future events

More information

Brookfield financial Review q2 2010

Brookfield financial Review q2 2010 Brookfield financial Review q2 2010 Overview Operating cash flow and gains totalled $327 million in the second quarter or $0.53 per share compared to $294 million in the prior year. This brings operating

More information

SAP Debt Investor Presentation First Quarter 2014 Update Call Walldorf, Germany April 28, 2014

SAP Debt Investor Presentation First Quarter 2014 Update Call Walldorf, Germany April 28, 2014 SAP Debt Investor Presentation First Quarter 2014 Update Call Walldorf, Germany April 28, 2014 Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking

More information

NIGHTINGALE REPORTS FISCAL 2014 RESULTS

NIGHTINGALE REPORTS FISCAL 2014 RESULTS NIGHTINGALE REPORTS FISCAL 2014 RESULTS Markham, ON, July 31, 2014 Nightingale Informatix Corporation ( Nightingale or the Company ) (TSX-V: NGH), an application service provider (ASP) of electronic health

More information

Filed by Mitel Networks Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the

Filed by Mitel Networks Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Filed by Mitel Networks Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Polycom, Inc.

More information

JGWPT Holdings Inc. Reports Third Quarter Financial Results

JGWPT Holdings Inc. Reports Third Quarter Financial Results JGWPT Holdings Inc. Reports Third Quarter Financial Results 12.20.13 RADNOR, Pa.--(BUSINESS WIRE)-- JGWPT Holdings Inc. ( JGWPT or the Company ) (NYSE:JGW), a leading purchaser of structured settlement

More information

Key performance indicators

Key performance indicators The information included in the following sheets of this Excel file forms an integral part of the Aegon press release on the Q2 results 2013 as published on August 8, 2013. Cautionary note regarding non-ifrs

More information

Morgan Stanley Reports Fourth Quarter and Full Year 2015:

Morgan Stanley Reports Fourth Quarter and Full Year 2015: Media Relations: Michele Davis 212-761-9621 Investor Relations: Kathleen McCabe 212-761-4469 Morgan Stanley Reports Fourth Quarter and Full Year 2015: Fourth Quarter Net Revenues of $7.7 Billion and Earnings

More information

NEWS RELEASE FOR IMMEDIATE RELEASE

NEWS RELEASE FOR IMMEDIATE RELEASE NEWS RELEASE FOR IMMEDIATE RELEASE Readers are referred to the sections entitled Forward looking Statements and Non IFRS Financial Measures at the end of this release. The Corporation s financial results

More information

650-527-5152 650-527-6273 SYMANTEC REPORTS FIRST QUARTER FISCAL YEAR 2016 RESULTS

650-527-5152 650-527-6273 SYMANTEC REPORTS FIRST QUARTER FISCAL YEAR 2016 RESULTS FOR IMMEDIATE RELEASE MEDIA CONTACT: INVESTOR CONTACT: Kristen Batch Sean Hazlett Symantec Corp. Symantec Corp. 650-527-5152 650-527-6273 kristen_batch@symantec.com sean_hazlett@symantec.com SYMANTEC REPORTS

More information

HORIZON GLOBAL DELIVERS PROFIT IMPROVEMENT FOR THIRD CONSECUTIVE QUARTER

HORIZON GLOBAL DELIVERS PROFIT IMPROVEMENT FOR THIRD CONSECUTIVE QUARTER FOR IMMEDIATE RELEASE CONTACT: Maria C. Duey Vice President, Corporate Development & Investor Relations (248) 593-8810 mduey@horizonglobal.com HORIZON GLOBAL DELIVERS PROFIT IMPROVEMENT FOR THIRD CONSECUTIVE

More information

Investor Presentation Acquisition of General Electric s Transportation Finance Business

Investor Presentation Acquisition of General Electric s Transportation Finance Business Investor Presentation Acquisition of General Electric s Transportation Finance Business September 10, 2015 September 10, 2015 0 Forward Looking Statements & Non-GAAP Measures Caution Regarding Forward-Looking

More information

Management Discussion and Analysis For The 9 Months Ended, June 30 2015

Management Discussion and Analysis For The 9 Months Ended, June 30 2015 Management Discussion and Analysis For The 9 Months Ended, June 30 2015 The following discussion and analysis as of August 31, 2015 should be read in conjunction with the consolidated financial statements

More information

Update following the publication of the Bank of England Stress Test. 16 December 2014

Update following the publication of the Bank of England Stress Test. 16 December 2014 Update following the publication of the Bank of England Stress Test 16 December 2014 Background Top 8 Banks Resilience Stress Tested by PRA following FPC recommendation in March 2013 Guidance for stress

More information

IBI Group 2014 First-Quarter Management Discussion and Analysis

IBI Group 2014 First-Quarter Management Discussion and Analysis IBI Group 2014 First-Quarter Management Discussion and Analysis THREE MONTHS ENDED MARCH 31, 2014 MANAGEMENT S DISCUSSION AND ANALYSIS IBI Group Inc. For the Three Months Ended March 31, 2014 The following

More information

August 11, 2015. Q2 2015 Earnings Presentation

August 11, 2015. Q2 2015 Earnings Presentation August 11, 2015 fa Q2 2015 Earnings Presentation Disclaimer These slides contain (and the accompanying oral discussion will contain) forward looking statements. All statements other than statements of

More information

Quarterly Report. For the three month period ended. April 30, 2015

Quarterly Report. For the three month period ended. April 30, 2015 Quarterly Report For the three month period ended April 30, 2015 The attached unaudited interim condensed consolidated financial statements have been prepared by Management of International Datacasting

More information

Quarterly Financial Supplement - 1Q 2016

Quarterly Financial Supplement - 1Q 2016 Quarterly Financial Supplement - 1Q 2016 Page # Consolidated Financial Summary... 1 Consolidated Income Statement Information... 2 Consolidated Financial Information and Statistical Data... 3 Consolidated

More information

DATA GROUP INC. ANNOUNCES FULL YEAR AND FOURTH QUARTER RESULTS FOR 2012

DATA GROUP INC. ANNOUNCES FULL YEAR AND FOURTH QUARTER RESULTS FOR 2012 For Immediate Release HIGHLIGHTS DATA GROUP INC. ANNOUNCES FULL YEAR AND FOURTH QUARTER RESULTS FOR 2012 Full Year 2012 Revenues of 336.3 million, Gross Profit of 87.2 million, and Net Loss of 37.1 million

More information

2015 Fourth Quarter and Full Year Results Acquisition of TransFirst

2015 Fourth Quarter and Full Year Results Acquisition of TransFirst Acquisition of TransFirst January 26, 2016 2016 Total System Services, Inc. All rights reserved worldwide. > CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation contains statements that

More information

HSBC BANK CANADA FIRST QUARTER 2014 RESULTS

HSBC BANK CANADA FIRST QUARTER 2014 RESULTS 7 May 2014 HSBC BANK CANADA FIRST QUARTER 2014 RESULTS Profit before income tax expense for the quarter ended 2014 was C$233m, a decrease of 13.4% compared with the same period in and broadly unchanged

More information

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com ORACLE

More information

Verifone Reports Results for the Second Quarter of Fiscal 2016

Verifone Reports Results for the Second Quarter of Fiscal 2016 Verifone Reports Results for the Second Quarter of Fiscal 2016 SAN JOSE, Calif. (BUSINESS WIRE) Verifone (NYSE: PAY), a world leader in payments and commerce solutions, today announced financial results

More information

Frequently Asked Questions Q3 2006

Frequently Asked Questions Q3 2006 Frequently Asked Questions Q3 2006 1. Were there any unusual or one-time items in your Q3 results? CIBC s reported diluted earnings per share (EPS) for the third quarter were $1.86. Our EPS was increased

More information

Veritiv Corporation 2Q14 Financial Results. August 13, 2014

Veritiv Corporation 2Q14 Financial Results. August 13, 2014 Veritiv Corporation 2Q14 Financial Results August 13, 2014 Safe Harbor Provision Certain statements contained in this presentation regarding Veritiv Corporation s (the Company ) future operating results,

More information

Second Quarter 2015 Investor Conference Call

Second Quarter 2015 Investor Conference Call Second Quarter 2015 Investor Conference Call August 20, 2015 December 13, 2012 DRAFT 5 Safe Harbor Basis of Presentation Unless otherwise noted or unless the context otherwise requires, all references

More information

BlackBerry Reports Software and Services Growth of 106 Percent for Q4 and 113 Percent for Fiscal 2016

BlackBerry Reports Software and Services Growth of 106 Percent for Q4 and 113 Percent for Fiscal 2016 April 1, FOR IMMEDIATE RELEASE BlackBerry Reports Software and Services Growth of 106 Percent for Q4 and 113 Percent for Fiscal Company reports positive free cash flow for eighth consecutive quarter and

More information

Zayo Group Holdings, Inc. Reports Financial Results for the Third Fiscal Quarter Ended March 31, 2016

Zayo Group Holdings, Inc. Reports Financial Results for the Third Fiscal Quarter Ended March 31, 2016 Zayo Group Holdings, Inc. Reports Financial Results for the Third Fiscal Quarter Ended March 31, 2016 Third Fiscal Quarter 2016 Financial Highlights $478.0 million of consolidated revenue, including $96.1

More information

Corporate Update March 2012

Corporate Update March 2012 Corporate Update March 2012 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward

More information

GE Capital. Second quarter 2012 supplement

GE Capital. Second quarter 2012 supplement GE Capital Second quarter supplement Results are unaudited. This document contains forward-looking statements that is, statements related to future, not past, events. In this context, forward-looking statements

More information

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com ORACLE

More information

Superior Plus Corp. Annual General Meeting April 28, 2016 TSX: SPB

Superior Plus Corp. Annual General Meeting April 28, 2016 TSX: SPB Superior Plus Corp. Annual General Meeting April 28, 2016 TSX: SPB www.superiorplus.com Forward-Looking Statements and Information This presentation is for information purposes only and is not intended

More information

WE ARE DEFINED BY OUR VALUES

WE ARE DEFINED BY OUR VALUES Q1 DATA GROUP LTD. Quarter One ended March 31, 2014 WE ARE DEFINED BY OUR VALUES Our success owes much to a set of corporate values which define and drive our culture. We will be innovative, indeed visionary,

More information

NATIONSTAR REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS & STRATEGIC ACQUISITION

NATIONSTAR REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS & STRATEGIC ACQUISITION Contact: Marshall Murphy (469) 549-3005 FOR IMMEDIATE RELEASE NATIONSTAR REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS & STRATEGIC ACQUISITION GAAP EPS of $0.27 Pro forma EPS of $0.53, including impact

More information

Sapiens results in the first quarter represent a solid start to achieving our financial targets for the full year.

Sapiens results in the first quarter represent a solid start to achieving our financial targets for the full year. Sapiens Reports 12% Year-Over-Year Increase in Quarterly Revenue to $41 Million Non-GAAP Quarterly Operating Profit Increased by 58.5% Year-Over-Year Holon, Israel, May 6, 2015 Sapiens International Corporation,

More information

TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS

TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS PRESS RELEASE TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS TORONTO, ONTARIO (Marketwired July 30, 2014) Torstar Corporation (TSX:TS.B) today reported financial results for the second quarter ended

More information

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability NEWS RELEASE FOR IMMEDIATE RELEASE June 19, BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in mobile communications,

More information

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com CLOUD

More information

TransUnion Reports Third Quarter 2014 Results

TransUnion Reports Third Quarter 2014 Results TransUnion Reports Third Quarter 2014 Results Revenue of $338 million, an increase of 13 percent on a GAAP basis (14 percent on a constant currency basis) compared with the third quarter of 2013 Adjusted

More information

First quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million

First quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million 170 INDUSTRIEL BLVD. BOUCHERVILLE (QUÉBEC) CANADA, J4B 2X3 TEL: (450) 641-2440 FAX: (450) 449-4908 PRESS RELEASE First quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million

More information

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com ORACLE

More information

Morgan Stanley Global Consumer & Retail Conference. November 19, 2014

Morgan Stanley Global Consumer & Retail Conference. November 19, 2014 Morgan Stanley Global Consumer & Retail Conference November 19, 2014 Cautionary Statements Safe Harbor Statement This presentation contains forward-looking statements that are based on management s beliefs

More information

GENWORTH MI CANADA INC.

GENWORTH MI CANADA INC. Condensed Consolidated Interim Financial Statements (In Canadian dollars) GENWORTH MI CANADA INC. Three and six months ended June 30, 2015 and 2014 Condensed Consolidated Interim Statements of Financial

More information

Third Quarter 2015 Financial Highlights:

Third Quarter 2015 Financial Highlights: DISCOVERY COMMUNICATIONS REPORTS THIRD QUARTER 2015 RESULTS, INCREASES BUYBACK AUTHORIZATION BY $2 BILLION AND ANNOUNCES RESUMPTION OF SHARE REPURCHASES BEGINNING IN FOURTH QUARTER 2015 Third Quarter 2015

More information

APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS

APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS 1st Quarter Financial Highlights Total revenues of $130.2 million for the first quarter 2014, an increase of 21.8%, compared to $106.9

More information

Standard Life Investments strengthens strategic position through acquisition of Ignis Asset Management

Standard Life Investments strengthens strategic position through acquisition of Ignis Asset Management For release at 07:00 (UK time) 26 March 2014 Standard Life Investments strengthens strategic position through acquisition of Ignis Asset Management Acquisition of Ignis Asset Management by Standard Life

More information

H1 2014 Earning Results JULY 30 TH, 2014

H1 2014 Earning Results JULY 30 TH, 2014 H1 2014 Earning Results JULY 30 TH, 2014 Disclaimer This document includes forward looking statements relating to Ingenico Group s future prospects, development and business strategies. By their nature,

More information

Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010

Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010 Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010 Contents Independent Auditors' Report 2 Financial Statements Balance Sheet 3 Statement of Operations and Unappropriated

More information

Commerzbank Sector Conference Week. Rainer Zinow, Senior Vice President Cloud Unit, SAP AG Frankfurt am Main, August 28, 2013

Commerzbank Sector Conference Week. Rainer Zinow, Senior Vice President Cloud Unit, SAP AG Frankfurt am Main, August 28, 2013 Commerzbank Sector Conference Week Rainer Zinow, Senior Vice President Cloud Unit, SAP AG Frankfurt am Main, August 28, 2013 Safe Harbor Statement Any statements contained in this document that are not

More information

COMPANY CONTACTS: Jay S. Hennick Founder & CEO. D. Scott Patterson President & COO (416) 960-9500

COMPANY CONTACTS: Jay S. Hennick Founder & CEO. D. Scott Patterson President & COO (416) 960-9500 COMPANY CONTACTS: Jay S. Hennick Founder & CEO D. Scott Patterson President & COO John B. Friedrichsen Senior Vice President & CFO (416) 960-9500 FOR IMMEDIATE RELEASE FirstService Reports Record Fourth

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 May 8, 2014 Date of Report (Date of

More information

For Immediate Release. Superior Plus Corp. to Acquire Canexus Corporation Enhancing and Expanding the Specialty Chemicals Platform

For Immediate Release. Superior Plus Corp. to Acquire Canexus Corporation Enhancing and Expanding the Specialty Chemicals Platform NEWS TSX: SPB Toronto, October 6, 2015 For Immediate Release Superior Plus Corp. to Acquire Canexus Corporation Enhancing and Expanding the Specialty Chemicals Platform Strong alignment with Superior s

More information

Oracle Corporation (Exact name of registrant as specified in its charter)

Oracle Corporation (Exact name of registrant as specified in its charter) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date

More information

FIRESWIRL TECHNOLOGIES INC.

FIRESWIRL TECHNOLOGIES INC. FIRESWIRL TECHNOLOGIES INC. Management Discussion and Analysis of the Financial Condition and Results of Operation, for the three months ended March 31, 2007 and 2006. 1 MANAGEMENT DISCUSSION AND ANALYSIS

More information

2014 Half-Year Results

2014 Half-Year Results 2014 Half-Year Results July 30, 2014 Amsterdam Nancy McKinstry Chief Executive Officer and Chairman Kevin Entricken Chief Financial Officer Forward-looking Statements This presentation contains forward-looking

More information

SBERBANK GROUP S IFRS RESULTS. March 2015

SBERBANK GROUP S IFRS RESULTS. March 2015 SBERBANK GROUP S IFRS RESULTS 2014 March 2015 SUMMARY OF PERFORMANCE FOR 2014 STATEMENT OF PROFIT OR LOSS Net profit reached RUB 290.3bn (or RUB 13.45 per ordinary share), compared to RUB 362.0bn (or RUB

More information

Raytheon and Vista Equity Partners form new cybersecurity company

Raytheon and Vista Equity Partners form new cybersecurity company Raytheon and Vista Equity Partners form new cybersecurity company Investor Presentation April 20, 2015 Dial In Number 866.825.3209 Domestic 617.213.8061 International Reservation Number: 48245306 Replay

More information

5N PLUS INC. Condensed Interim Consolidated Financial Statements (Unaudited) For the three month periods ended March 31, 2016 and 2015 (in thousands

5N PLUS INC. Condensed Interim Consolidated Financial Statements (Unaudited) For the three month periods ended March 31, 2016 and 2015 (in thousands Condensed Interim Consolidated Financial Statements (Unaudited) (in thousands of United States dollars) Condensed Interim Consolidated Statements of Financial Position (in thousands of United States dollars)

More information

BROOKFIELD RENEWABLE ANNOUNCES 7% DISTRIBUTION INCREASE AND FOURTH QUARTER RESULTS Distribution increased from $1.66 to $1.

BROOKFIELD RENEWABLE ANNOUNCES 7% DISTRIBUTION INCREASE AND FOURTH QUARTER RESULTS Distribution increased from $1.66 to $1. PRESS RELEASE BROOKFIELD RENEWABLE ANNOUNCES 7% DISTRIBUTION INCREASE AND FOURTH QUARTER RESULTS Distribution increased from $1.66 to $1.78 per share BROOKFIELD, News, February 4, 2016 Brookfield Renewable

More information

CENTURY ENERGY LTD. FORM 51-102F1 MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED AUGUST 31, 2014

CENTURY ENERGY LTD. FORM 51-102F1 MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED AUGUST 31, 2014 CENTURY ENERGY LTD. FORM 51-102F1 MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED AUGUST 31, 2014 The following management s discussion and analysis ( MD&A ), prepared as of December 11, 2014, should

More information

Forward-Looking Statements

Forward-Looking Statements Stephens Best Ideas Conference San Francisco, March 2009 Forward-Looking Statements This presentation contains forward-looking statements that involve a number of risks and uncertainties. Those forward-looking

More information

Morgan Stanley Reports Second Quarter 2015:

Morgan Stanley Reports Second Quarter 2015: Media Relations: Michele Davis 212-761-9621 Investor Relations: Kathleen McCabe 212-761-4469 Morgan Stanley Reports Second Quarter 2015: Net Revenues of $9.7 Billion and Earnings per Diluted Share of $0.85

More information

N E W S R E L E A S E

N E W S R E L E A S E N E W S R E L E A S E Investors: Brett Manderfeld John S. Penshorn Media: Don Nathan Tyler Mason Vice President Senior Vice President Senior Vice President Vice President 952-936-7216 952-936-7214 952-936-1885

More information

Acquisition of SAIT Communications. 28 July 2015

Acquisition of SAIT Communications. 28 July 2015 Acquisition of SAIT Communications 28 July 2015 Conference call details SpeedCast acquires SAIT Communications The company has scheduled a conference call as follows: Time: 11.00am (Sydney time), 28 th

More information

Management s Discussion and Analysis

Management s Discussion and Analysis Management s Discussion and Analysis of Financial Conditions and Results of Operations For the quarter and six months ended June 30, 2012 All figures in US dollars This Interim Management s Discussion

More information

Q1 2012 Earnings Presentation

Q1 2012 Earnings Presentation Q1 2012 Earnings Presentation Three Months Ended March 31, 2012 May 15, 2012 Forward Looking Statements Any statements in this presentation that are not historical or current facts are forward-looking

More information

Three Months Ended September 30, 2012. November 6, 2012

Three Months Ended September 30, 2012. November 6, 2012 Q3 2012 Earnings Presentation Three Months Ended September 30, 2012 November 6, 2012 Forward Looking Statements Any statements in this presentation that are not historical or current facts are forward-looking

More information

Sberbank Group s IFRS Results for 6 Months 2013. August 2013

Sberbank Group s IFRS Results for 6 Months 2013. August 2013 Sberbank Group s IFRS Results for 6 Months 2013 August 2013 Summary of 6 Months 2013 performance: Income Statement Net profit reached RUB 174.5 bn (or RUB 7.95 per ordinary share), a 0.5% decrease on RUB

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q È QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

Q1 Fiscal Year 2016 Earnings Conference Call

Q1 Fiscal Year 2016 Earnings Conference Call NASDAQ: CMCO Q1 Fiscal Year 2016 Earnings Conference Call July 31, 2015 Timothy T. Tevens President & Chief Executive Officer Gregory P. Rustowicz Vice President - Finance & Chief Financial Officer 2015

More information

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings NEWS RELEASE For Immediate Release November 4, 2015 Investors: Michael D. Neese VP, Investor Relations (804) 287-8126 michael.neese@pfgc.com Media: Joe Vagi Manager, Corporate Communications (804) 484-7737

More information

Thomas A. Bessant, Jr. (817) 335-1100

Thomas A. Bessant, Jr. (817) 335-1100 Additional Information: Thomas A. Bessant, Jr. (817) 335-1100 For Immediate Release ********************************************************************************** CASH AMERICA FIRST QUARTER NET INCOME

More information

For Immediate Release

For Immediate Release For Immediate Release BRAMPTON BRICK REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2014 (All amounts are stated in thousands of Canadian dollars, except per share amounts.) BRAMPTON,

More information

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com ORACLE

More information

Morgan Stanley Reports First Quarter 2015:

Morgan Stanley Reports First Quarter 2015: Media Relations: Michele Davis 212-761-9621 Investor Relations: Kathleen McCabe 212-761-4469 Morgan Stanley Reports First Quarter 2015: Net Revenues of $9.9 Billion and Earnings per Diluted Share from

More information

TD Bank Group Provides Supplementary Disclosures Related to Fiscal 2011 IFRS Results and Segment Change

TD Bank Group Provides Supplementary Disclosures Related to Fiscal 2011 IFRS Results and Segment Change TD Bank Group Provides Supplementary Disclosures Related to Fiscal IFRS Results and Segment Change TORONTO (January 26, 202) TD Bank Group (TD or the Bank) (TSX and NYSE: TD) today released a supplemental

More information

News Release POLLARD BANKNOTE ANNOUCES STRONG GROWTH IN FIRST QUARTER 2013 RESULTS

News Release POLLARD BANKNOTE ANNOUCES STRONG GROWTH IN FIRST QUARTER 2013 RESULTS News Release POLLARD BANKNOTE ANNOUCES STRONG GROWTH IN FIRST QUARTER 2013 RESULTS WINNIPEG, Manitoba, May 8, 2013 /CNW/ Pollard Banknote Limited (TSX: PBL) ( Pollard ) today released its financial results

More information

Contact: Ken Bond Karen Tillman Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.650.607.0326

Contact: Ken Bond Karen Tillman Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.650.607.0326 For Immediate Release Contact: Ken Bond Karen Tillman Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.650.607.0326 ken.bond@oracle.com karen.tillman@oracle.com ORACLE REPORTS

More information

FORACO INTERNATIONAL REPORTS Q3 2014

FORACO INTERNATIONAL REPORTS Q3 2014 NEWS RELEASE FORACO INTERNATIONAL REPORTS Q3 2014 Toronto, Ontario / Marseille, France Tuesday, November 4, 2014 Foraco International SA (TSX:FAR) (the Company or Foraco ), a leading global provider of

More information

FP Newspapers Inc. reports fourth quarter 2014 results, long-term debt renewal and first quarter 2015 dividend

FP Newspapers Inc. reports fourth quarter 2014 results, long-term debt renewal and first quarter 2015 dividend NEWS RELEASE FP Newspapers Inc. reports fourth quarter 2014 results, long-term debt renewal and first quarter 2015 dividend Winnipeg, March 11, 2015 FP Newspapers Inc. ( FPI ) announces financial results

More information

OpenText Buys GXS. About GXS

OpenText Buys GXS. About GXS OpenText Buys GXS Waterloo, ON- 2014-January-16 OpenText Corporation (NASDAQ: OTEX) (TSX: OTC), a global leader in Enterprise Information Management (EIM), announced today that it has completed its previously

More information

Intertrust N.V. announces the indicative price range, offer size, start of offer period and publication of prospectus of its planned IPO

Intertrust N.V. announces the indicative price range, offer size, start of offer period and publication of prospectus of its planned IPO This press release and the information contained herein are not for distribution in or into the United States of America (including its territories and possessions, any state of the United States of America

More information

Life & Protection. Scott Ham CEO. John Hunter COO. Analyst & Investor Conference

Life & Protection. Scott Ham CEO. John Hunter COO. Analyst & Investor Conference Life & Protection Scott Ham CEO John Hunter COO Analyst & Investor Conference New York City, December 2010 Key messages Grow profitable new sales Leverage expertise to increase recruiting and expand existing

More information

Sierra Wireless Reports Second Quarter 2015 Results

Sierra Wireless Reports Second Quarter 2015 Results Sierra Wireless Reports Second Quarter 2015 Results Q2 2015 revenue of $158 million; 17% year-over-year growth Record revenue of $158.0 million, an increase of 17.0% compared to Q2 2014 Non-GAAP earnings

More information

Ally Financial Inc. Auto Securitization - Corporate Overview

Ally Financial Inc. Auto Securitization - Corporate Overview Ally Financial Inc. Auto Securitization - Corporate Overview 3Q 2015 Contact Ally Investor Relations at (866) 710-4623 or investor.relations@ally.com Forward-Looking Statements and Additional Information

More information