EX-99.1 2 dex991.htm PRESENTATION AT CJS SECURITIES, INC. SUMMER SMALL CAP CONFERENCE Presentation at CJS Securities, Inc. Summer Small Cap Conference

Exhibit 99.1

LOGO

 

Exhibit 99.1

Business, Data and Group Communications Services

CJS Securities, Inc. Summer Small Cap Conference

August 17, 2004


LOGO

 

Our Solutions

Group Meetings and Presentations over the Phone or Web

Data collaboration, streaming video, PowerPoint presentations, operator-assisted and reservationless conferencing…

Process and Deliver High-Volume, Individualized Data

Electronic invoices and statements, logistics support, prescription fulfillment, travel and trade confirmations, lab results, automated collections, fax to e-mail conversion…

Conduct 6-8 million minutes of conferencing each day

Expect to host more than 6 million group meetings and 1.9 billion minutes in 2004

Deliver 13-14 million data communications each day

Expect to deliver nearly 3.5 billion data communications in 2004

1


LOGO

 

Financial Performance (in millions)

Revenues

14% CAGR

$445

$381

$341

2002 2003 2004E (2)

Adjusted Income from Continuing Operations (1)

55% CAGR

$41

$25

$17

2002 2003 2004E (2)

Cash Flow from Operating Activities

47% CAGR

$80

$60

$37

2002 2003 2004E

(1) See table on page 5 of this presentation for reconciliation of this non-GAAP financial measure. (2) 2004E based upon mid-point of expected ranges.

2


LOGO

 

Continuing Growth Strategies

Develop and Deploy New Applications

Increase Direct Sales Force

Expand Channels of Distribution

Wholesalers, Resellers & Agents

Strategic Relationships

Selective Acquisitions

3


LOGO

 

Financial Outlook

Operating Model (Continuing Operations)

2002 2003 2004E

Revenues 100.0% 100.0% 100.0%

Cost of revenues (excl. depreciation) 34.5% 34.9% 33.0%

Adjusted operating income† 11.2% 13.2% 16.1%

Adjusted income from cont. operations† 5.0% 6.5% 9.1%

Cash flow from operating activities 10.9% 15.7% 18.0%

† See table on page 5 of this presentation for reconciliation of this non-GAAP financial measure.

Financial Outlook

2004 revenues expected to be $440M to $450M

2004 diluted EPS from continuing operations expected to be $0.58 to $0.60, excluding effects of the conversion of 2008 convertible notes

Plan to provide 2005 guidance with Q3 results in October

Anticipate continuing double-digit revenue and earnings growth

Repurchased 800,000 PTEK shares in the past week

4


LOGO

 

Calculation of Non-GAAP Financial Measures

Ptek Holdings, Inc.

Consolidated Statement of Operations

Adjusted Income Analysis (*)

(US$ in 000’s) ACTUAL ESTIMATE

2002 2003 2004 (1)

Operating income $ 24,905 $ 37,199 $ 69,705

Restructuring costs 1,834 10,947 -

Asset impairments 3,202 - -

Equity-based compensation (non-recurring) 1,025 2,200 1,775

Legal settlements, net 7,325 - -

Adjusted operating income $ 38,291 $ 50,346 $ 71,480

Income from continuing operations 14,423 26,913 31,556

Add:

Restructuring costs 1,834 10,947 -

Asset impairments 3,202 - -

Equity-based compensation (non-recurring) 1,025 2,200 1,775

Legal settlements, net 7,325 - -

Debt conversion costs - - 17,027

Income tax expense 1,376 3,279 19,756

Other, net 8 (81) (829)

Less:

Gain on repurchase - (41) -

Gain on sale of marketable securities (930) (1,600) (1,513)

Adjusted income tax expense (40%) (2) (11,305) (16,647) (27,109)

Adjusted income from continuing ops $ 16,958 $ 24,970 $ 40,663

(1)—2004 financial outlook based upon mid-point of expected range with revenue of appx $445M, tax effect of 38.5% and EPS from continuing ops of $0.59 (2)—Adjusted income tax rate is based upon mid-point of range over the three-year period (38%-42%).

(*)—Adjusted income from continuing operations and Adjusted operating income are non-GAAP financial measures. Management believes that these measures provide useful information regarding underlying trends in our continuing operations by excluding non-recurring items that are unrelated to our ongoing operations.

5


LOGO

 

Forward Looking Statements

Statements made in this presentation, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management’s current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Ptek’s forward-looking statements, including, but not limited to, the following factors: technological change; the development of alternatives to our services; our ability to manage our growth; integration of acquired companies; possible adverse effects on our financial condition if we are unable to retain IBM as a significant customer at historical levels; possible adverse results of pending or future litigation or infringement claims; service interruptions; competitive pressures, including pricing pressures; general domestic and international economic, business or political conditions; legislative or regulatory changes; increased financial leverage; our dependence on our subsidiaries for cash flow; and other factors described from time to time in our press releases, reports and other filings with the SEC, including but not limited the “Risk Factors Affecting Future Performance” section of our Annual Report on Form 10-K for the year ended December 31, 2003. All forward-looking statements attributable to us or a person acting on our behalf are expressly qualified in their entirety by this cautionary statement.

6