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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 1995. 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 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 28, 2018. 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.
Safe Harbor Statement
2
Agenda
3
Bill Stone, Chairman and CEO
Rahul Kanwar, President and COO
Patrick Pedonti, SVP, Chief Financial Officer
Mike Sleightholme, SVP, General Manager, DST Systems
Ken Fullerton, SVP, Managing Director, Hedge Funds
Joe Patellaro, SVP, Managing Director, Private Equity
Bhagesh Malde, SVP, Managing Director, Real Assets
Christy Bremner, SVP, General Manager, I&IM
Rob Roley, SVP, General Manager, SS&C Advent
Jeff Shoreman, SVP, General Manager, Eze Software
Leif O’Leary, SVP, General Manager, Intralinks
Anthony Caiafa, CTO, Technology and Infrastructure Strategy
01
02
03
05
Welcome - Justine Stone, Investor Relations
Norm Boulanger, Vice Chairman, Singularity
Scott Kurland, Managing Director
SS&C Strategic Outlook
SS&C Business Overview, Acquisition Progress
Financial Overview
Business Unit Overview, Market Opportunities, Key Initiatives
Singularity Overview, Demo06
Technology Demos & Lunch (in common area) DST WalletShare, Core/Sightline, Black Diamond, InvestorVision, Intralinks, Eze Software08
10:25AM
10:00AM
10:50AM
04 Q&A with CEO, COO, CFO 11:00AM
11:30AM –
12:30PM
12:30PM
1:00PM
Q&A with Presenters 07
Leading provider of mission-critical
cloud-based software for financial
services providers with a flexible,
on-demand delivery model
4
BILL STONE, Chairman and CEO
Founded
in 1986
20,000+
employees
134 offices
globally
NASDAQ: SSNC
(since Q1 2010)
13,000+
clients
Largest Transfer
Agent and Fund
Administrator
Globally
100+ products and
services
96% contractually
recurring revenues
SS&C by the Numbers
6
Acquisitions
Adj. Revenue Growth 10x since IPO
7
IPO Raises
$161 million
GlobeOp Advent
Software
DST Systems
Eze Software
Intralinks
$329 $371$553
$713 $768$1,056
$1,524$1,683
$3,426 E
2010 2011 2012 2013 2014 2015 2016 2017 2018
Citi Alternative
Investor
Services
Acquisitions
Adj. Net Income Growth 10x since IPO
8
IPO Raises
$161 million
GlobeOp Advent
Software
DST Systems
Eze Software
Intralinks
$66 $87$117
$169$206
$254
$338
$409
$683
$0.00
$100.00
$200.00
$300.00
$400.00
$500.00
$600.00
$700.00
2010 2011 2012 2013 2014 2015 2016 2017 2018
Citi Alternative
Investor
Services
Alternative33%
Institutional / Traditional
45%
Wealth Management
7%
Targeted3%
Healthcare12%
Mutual Funds
FOFs
RIAs
Wealth Managers
FamilyOffices
Endowment /Pension Funds
BanksReal
Estate
Healthcare
Insurance Companies
Managed Accounts
Asset Managers
Private Equity
Hedge Funds
(1) Pro forma combined revenue as of December 31, 2017.
(2) For DST: Alternative includes ALPS; Institutional / Traditional includes Asset Manager Solutions and Brokerage Solutions; Wealth Management includes Retirement Solutions and Distribution
Solutions; Healthcare includes Pharmacy Solutions and Medical Solutions.
Pro Forma 2017 revenue(1)(2)Client footprint
Diversity across
end markets$3.8bn Revenue
Diversified Business Model
9
Large Technology Spend across Financial Services Industry
10
Hardware, Hosting, and Outsourcing,
13.5
Front-to-Back office
Applications, 9.7
Global Data & Information, 20.2
Market Data & MDD, 4.6
~48b
Front-to-Back Office Applications a strategic growth area
» Hedge funds/alternatives driving incremental growth in segment
» Increasing compliance requirements, regulations, demands for transparency
» Increasing complexity of investment strategies
» Overall FinTech market expected to grow 4-5% annually
Total Worldwide Banking and Securities Industry Spending in Software and IT Services
$250 $262 $279 $295
$313 $332
2016 2017 2018 2019 2020 2021
Source: Gartner, Oct. 2017.
($ in billions)
26%
13%
41%38%
33%28%
59%54%
41%
33%
41%44%
0%
20%
40%
60%
80%
Marketing / AssetGathering
Asset / PortfolioManagement
Risk Management Compliance Back-officeoperations
HR / Financeback-office
support
Deployed
Trialing
Functions US Buy-Side Firms are Implementing SaaS as primary delivery model
Front office Middle Office Back Office
Source: Deloitte, 2017.
Asset Management Technology Market
The Financial Industry Relies on SS&C
in financial
assets
$45TRILLION
40
fund
administrators
prime
brokers
9OUT OF
TOP 1075%
Of the top 100
hedge funds
95%
Structuring of all US
Municipal Bonds
99%
Issuance of all US
Commercial Paper
$2TRILLION
Regulatory
FilingsAsset Manager
Solutions
58.3MILLION
TA ACCOUNTS
Top 20
Distribution
Solutions
LARGESTASSET MANAGERS
Retirement
Solutions
LARGEST
SaaSPROVIDER
11
LICENSED
SOFTWARE
HOSTING
SERVICES
FULL MIDDLE
AND BACK
OFFICE
OUTSOURCING
COMPONENT
OUTSOURCING
PROPRIETARY TECHNOLOGY AND EXPERTISE
Relationship expands…
• Greater operational
efficiency
• Infrastructure and
technology savings
• Larger revenue
opportunity
Customer
Customer
Customer
Customer
CO-
SOURCING
SERVICES
Customer
Unique and Leveragable Business Model
12
Collection of Experts
• CPAs, CFAs, chartered accountants,
technologists, advanced degrees
• Experts in US and International accounting
rules, tax law, and financial regulation, GIPS,
level III asset accounting
13
Over 20,000 global Employees
• Best in class training, tuition and professional
development reimbursements, industry training
• Offering competitive salaries and benefits and a
world-class equity program
• Range of opportunities from Fund Accounting to
Software Developers
• Active participation in Careers Fairs – recruiting new
graduates in various disciplines from Accounting,
Finance, Technology, etc.
Focus on Attracting and Retaining Talent
Business Organization – A Collection of Experts
Bill Stone
Chairman, CEO
Rahul Kanwar
President, COO
Institutional
and Investment
Management
SS&C GlobeOp Fund Services
Sales & Marketing
Technology
Finance
Patrick Pedonti,
CFO
Legal
Joe Frank, Chief
Legal Officer
SS&C Advent
DST Systems
14
SS&C EzeIntralinks
Targeted
Solutions
Compliance Human Resources
SS&C Corporate Functions
Software and SaaS Outsourcing Services
SS&C’s Growth Strategy
15
New products and markets
• Incorporate emerging technologies into
development projects including AI,
Robotics, machine learning
Core Offerings
• Utilize our market leadership in fund
administration, mutual fund transfer agent,
and buy-side technology to win new clients
• Cross sell and upsell additional value-add
services to our current client base
• Have a matrixed pricing model that supports
both our clients and our growth
• Pursue adjacent markets through our
acquisitions and targeted solutions
• Expand our solutions globally, build our
sales force abroad, particularly Asia-PacOrg
an
ic –
Mid
Sin
gle
Dig
its
Acq
uis
itio
n
• Methodically opportunistic acquisition strategy with price discipline
• Move quickly on large, strategic acquisitions
• Explore tuck-in acquisitions that enhance current offerings, improve technology
16
Innovation: 2018 ProForma R&D Spend of $420 million
Leveraging a growing collection of intellectual property and industry experts,
SS&C continues to deliver new products and services
2011 20152013 20142012 2016 2017 2018
SEC Modernization Regulatory Reporting
Asset Manager Investment & Portfolio
Management Platform
Electronic Investor
Documentation Workflow Tool
Form PF Reporting
Complete Portfolio Monitoring Service for Credit
Managers
Risk Reporting Service
Outsourced Middle Office Solution
Depository “Lite” Service
Outsourced REIT Servicing
Mortgage Origination & Servicing
Solution
FATCA Reporting
Solvency II Reporting
EMIR Reporting
Enhanced Client Portal
Automated Financial Statement
Preparation Tool
Voice Recognition Embedded w/in Fund
Admin. IOS AppCloud-Based Hosting & Mobile Private
Equity Admin. Offering
Retirement Plan Health Analytics
Retirement Plan Health Dashboard w/
Analytics & Benchmarking
SS&C Singularity
Learning Center – Investor Education & Content
Advisor Workstation & Practice
Management
Unrivaled Portfolio of Capability
17
2010 2011 20152013 20142012 2016 2017 2018
PORTIA
$169 million
GlobeOp
$789 million
Prime Management
DST Global Solutions
$95 million
Advent Software
$2.7 billion
Citi AIS
$296 million
Salentica
Wells Fargo Fund Services
$73 million
Conifer Financial Services
$87 million
ModestSpark
Commonwealth
Fund Services
DST Systems
$5.4 billion
Geller Investment
Partnership Services
CACEIS North
America
Eze Software
$1.45 billion
SS&C has built through acquisitions one of the strongest portfolios
of intellectual property in investment systems and services
Intralinks
$1.5 billion
Proven Acquisition Track Record
18
Date
Acquisition
Purchase Price
Margin
Improvement
Demonstrated ability to improve operating margin
2011 2013 2014 2016 2014 2016
Financial Models
Company
Thomson Reuters
PORTIA DST Global AdventGlobeOp
Low 30s39%
51%
Mid-teens
April 2005 May 2012 June 2012 November 2014 July 2015
$159mm $170mm $834mm $95mm $2.6bn
47%
Mid 30s
(1) Pre-acquisition margin is calculated by dividing adjusted EBITDA by revenues, in each case for the last 12 months available prior to the acquisition by SS&C. Pre-acquisition adjusted EBITDA is calculated from
financial information provided by the acquiree and may not be calculated in exactly the same manner as post-acquisition consolidated EBITDA as described in footnote (2), although management believes the
calculations to be similar in all material respects.
(2) Post-acquisition margin is calculated by dividing consolidated EBITDA by revenues, in each case for the 12 months ended for the period presented. Post-acquisition consolidated EBITDA is calculated as
EBITDA, as defined below, adjusted to exclude stock based-compensation, capital based taxes, EBITDA of acquired businesses and costs savings, non-cash portion of straight-line rent expense purchase
accounting adjustments and other adjustments permitted in calculating covenant compliance under the SS&C credit facilities. EBITDA represents net income before interest expense, income taxes, depreciation
and amortization.
(1) (2) (1) (2) (1) (2)2005 2007 2010 2013
Mid-teens
48%
Mid 30s
57%
(1) (2) (1) (2)
Proven Acquisition Track Record
19
Date
AcquisitionPurchase
Price
Margin
Improvement
Demonstrated ability to improve operating margin
Q2 2018 2021
DST Systems Eze Software Intralinks
41%45%
April 2018 September 2018 TBA
$5.5 bln $1.45 bln $1.5 bln
(1) Pre-acquisition margin is calculated by dividing adjusted EBITDA by revenues, in each case for the last 12 months available
prior to the acquisition by SS&C. Pre-acquisition adjusted EBITDA is calculated from financial information provided by the
acquiree and may not be calculated in exactly the same manner as post-acquisition consolidated EBITDA as described in
footnote (2), although management believes the calculations to be similar in all material respects.
(2) Post-acquisition margin is calculated by dividing consolidated EBITDA by revenues, in each case for the 12 months ended for
the period presented. Post-acquisition consolidated EBITDA is calculated as EBITDA, as defined below, adjusted to exclude
stock based-compensation, capital based taxes, EBITDA of acquired businesses and costs savings, non-cash portion of
straight-line rent expense purchase accounting adjustments and other adjustments permitted in calculating covenant
compliance under the SS&C credit facilities. EBITDA represents net income before interest expense, income taxes,
depreciation and amortization.
(1) (2)Q3 2017 Q3 2018 2017 2021
Mid-teens
34% 37%
48%
(1) (2) (1) (2)
Margin Improvement from the
following buckets:
• Operational efficiency
• Facility consolidation
• Vendor contract negotiation and
reduction
• Productivity
RAHUL KANWAR, President and COO
SS&C – Front to Back Solutions for the Financial Services Industry
21
SS&C GlobeOp SS&C
IntralinksSS&C DST SS&C EzeSS&C Advent
SS&C Institutional
& Investment
Management
Targeted
Solutions
Asset Management &
Alternatives
• Outsourced Middle
& Back Office
Business
Processing
• Tax Reporting
• Performance and
Risk Analytics
• Investor Relations,
Reporting, & Portal
Self-Services
• Pre, Post, &
Hypothetical Trade
Compliance
Asset Management,
Alternatives, &
Wealth Management
• Portfolio
Management &
Accounting
• Data Aggregation,
Normalization, &
Validation
• Standard &
Customized
Reporting
Solutions
• Margin & Finance
Management
Mutual Funds,
Healthcare, &
Retirement Plans
• Retirement Solutions
• Business Process
Outsourcing
• Broker-Dealer
Services & Solutions
• Wealth Management
Software
• Pharmacy Solutions
• Healthcare
Administration
Insurance Companies,
Investment Managers,
Pensions, & REITs
• Asset Management
Investment
Accounting Solutions
• Client Communication
Origination and
Distribution
• Client Engagement
and Portals
• Reconciliation
• Performance
Measurement and
Performance
Attribution
Deal Making, Capital
Markets, & Global
Banking
• M&A Due Diligence
• Capital Raising
• Investor Reporting
• Debt Financing
Alternatives, Long-only
Asset Management
software solutions
• Order Management
• Execution
Management
• Compliance
• Commission
Management
• Investor Accounting
• Portfolio Management
& Accounting
Targeted software
solutions for the
Financial Services
Industry
• Financial Institutions
• Financial Markets
Group
• FIX Trading
Connectivity
• Property
management
• SS&C Learning
Institute
Simplifying Operational Complexity
22
With SS&C, clients get the benefits of
outsourcing, without losing control
Transparent
• Full data access
• 24/7 availability
• Workflow dashboards
Modular
• Fully integrated technology stack
• Component-based
Configurable and Flexible
• Consultative solution design
• Full implementation or phased approach
• “pick and choose” services
Scalable
• Ability to grow with our customers
• Trade compression
• Enroll all clients into Client Monitoring Program (CMP)
• Focus on solution delivery
• Identify value add cross-sell and upsell opportunities
Maximize client relationships,
focus on client satisfaction
• High quality client service teams
• Enhance products with emerging technologies (AI, Robotics, Blockchain)
• Enhance top talent program
• Incentivize with stock-based compensation and bonus eligibility
• Management training
• Mobility between business units
SS&C Strategic Focuses
23
Attract, Develop, and Retain
Talent
Provide superior service and
unrivaled software
• Judicious expense management
• Reduce vendor dependency
• Set margin targets
Improve profitability across all
businesses and acquisitions
Improving Profitability and Revenue and Driving Customer Satisfaction
24
GlobeOp
Advent
Software
Citi Alternative
Investor
Services
• Eliminated 330 contract staff positions
• Exited 27 vendor relationships
• Achieved $45 million in cost synergies
ahead of 3 year plan
• Increased R&D in core products, shut down
initiatives that were not gaining traction
• Location strategy for new hires
• Facilities consolidation
• Slowed hiring in India office
Profitability Improvements Revenue Growth
• Higher client satisfaction
• Lower client attrition in the years post-merger
• Signed multi-year contracts with fund administration
Geneva clients
Margin Improvement
4,000
bps
900 bps
1,200
bps
• In 2017, a large multi asset manager increased AUM
with Citi by $10 billion
• Won a $30 billion hedge fund
• Added $20 billion in assets from SS&C GlobeOp to
the Citi client service team to leverage credit
expertise
• Enhanced offerings related to regulatory solutions,
loan administration, middle/back office capabilities
• Loan administration grew to $55 billion AUA
• Regulatory solutions group has over 750 clients
Increase Revenue Decrease Expense
Improving Profitability at DST
Significant Opportunity to X-sell solutions to
existing clients
Representative X-sell opportunities that have already been
identified:
• New Client to both orgs: $3.2mm joint opportunity for
DST AWD and SS&C BRIX products
• Existing DST client: $1-1.5mm for a Recordkeeping for
Institutional Cash Mgmt platform leveraging SS&C
Tradex and Web Portal and DST TA2000
• SS&C prospect: $1.8mm deal for SS&C Geneva Fund
Admin/Accounting and DST TA2000
Leverage Capabilities to Develop Solutions and
Reduce Spend
• Reduce redundancies in development projects
• Leverage SS&C’s GoCheck/GoSell as a CRM solution
• Utilize Fund Services Portal as a client portal for ALPs
and reporting tool for Pharmacy
• Expand SS&C Learning Institute in DST organization
Leverage combined purchasing power to
reduce expense
• Market data, Telephony, Significant Software providers
25
DST Integration Highlights
26
Client Outreach
• 170+ client
discussions
• CMP program
Employee Outreach
• Townhalls in Kansas
City, London,
Boston, and
Birmingham offices
• Options granted to
6,900 employees
Revenue Focus
• Weekly calls to
discuss at-risk
clients, quarterly
revenue, and
pipeline
• DST now using
GoSell
Expense Management
• Headcount
management
• Over $5,000 in
expenses need to be
approved by senior
leadership
Key Milestones at DST since April 2018…
Focus areas going forward…
Build Sales Team
and Culture
Further Expense
Reductions
Complete Key
Integration Activities
Further expands SS&C’s MarketTrader platform and
enhances SS&C’s front office capabilities
Both SS&C and Eze benefit from increasing
regulatory burdens, globalization, digitalization and
increased outsourcing
SS&C will be able to leverage its existing long only
relationship to expand Eze’s offering into this market
Financially attractive transaction, with identified cost
savings and cross-sell opportunities
On October 1st, SS&C Technologies Inc. acquired Eze Software Group for $1.45bn in cash. Eze is a leading
provider of software and trading solutions and technology services for hedge funds.
SS&C’s Acquisition of Eze Software
27
• Purchase price represents 13.8x FY2017
EBITDA and 10.7x based on run-rate
synergies of $30mm
• Immediately accretive to Adj. EPS for SS&C
before synergies
• 1,000 + talented employees
Overview Transaction Rationale
28
1. Sales force coordination and integration
2. Product bundling with Advent Software products, SS&C Singularity and Eze
OMS systems
• Commercialize product bundles such as Eze OMS + Geneva and Eze OMS +
Singularity to drive more sales
• Improve technical integration
3. Consistency in service model for mutual clients
• Determine best account coverage and models to ensure a great client
experience
4. Hosting and Outsourcing
• Offer managed services to Eze clients
• Utilize SS&C’s data centers
5. Identifying upgrade opportunities
• Moxy hedge funds to Eze
• Tradar PMA client to Geneva
$280mm~99% recurring
Subscription Recurring
71%
Usage-Based Recurring
28%
One-Time1%
Buyside39%
Sellside56%
Other5%
Total 2017 Revenue
Revenue by characteristic
Revenue by client
Eze Software Acquisition Opportunities
SS&C’s Acquisition of Intralinks
29
• Purchase price represents 10.9x expected 2018
adj. EBTIDA and 9.8x based on $15 million run-
rate synergies
• Immediately accretive to Adj. EPS for SS&C
before synergies, and leverage neutral
• 800+ talented employees
• The acquisition is expected to close in the fourth
quarter subject to clearances by the relevant
regulatory authorities and other customary
closing conditions
Strong financials with top line growth of 8-9%
per annum, recurring revenues, and high
operating margins
World class, secure technology that is
leveragable throughout our enterprise
Clear cross sell and upsell opportunities with
Intralink’s 4,500 bank, alternative, and blue
chip corporate clients
On September 6th, SS&C Technologies Inc. announced an agreement to acquire Intralinks for $1.5 billion,
consisting of $1 billion in cash and $500 million in SS&C stock. Intralinks is a leading financial technology
provider for the global banking, deal making and capital markets communities.
Overview Transaction Rationale
30
Banks
Corporate
Alternative Investments
Law Firms
10%5%
45%
40%
Cross-sell opportunities at Intralinks
Intralinks Acquisition Opportunities
~4,500 Clients
1. Sales force coordination and integration
• Coordinate and expand global coverage
2. Bring Intralink’s M&A deal management capabilities to SS&C clients
• Expands scope of SS&C offerings for Private Equity, Hedge fund,
and Real estate clients
• Offer Intralinks M&A offerings to additional SS&C financial services
clients
• Expands the global ecosystem of private and capital market
dealmakers served by Intralinks analytics and insights
3. Offer fund administration and managed services to Intralinks clients
• Determine best account coverage and models to ensure a great
client experience
4. Integrate investor portal capabilities
• Provide Intralinks and SS&C fund reporting information through a
common portal for investors
• Integrate technology platforms
PATRICK PEDONTI, CFO
High Margin Business Model
32
$135 $151$220
$292 $320$442
$612$696
$1,248 E*
$329 $371
$553
$713$768
$1,056
$1,524
$1,683
$3,426 E41%41%
40%
41%42% 42%
40%
41%
36%*
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
2010 2011 2012 2013 2014 2015 2016 2017 2018 E
Adjusted Consolidated Ebitda Adjusted Revenue EBITDA Margin
• Strong Revenue performance and
high margin business model
• Q3 2018 Adjusted Revenue
increased 139.0% to $1002.9
million compared to Q3 2017
• Q3 2018 Adj. Con. EBITDA is
$365.9 million, increased 104.6%
since Q3 2017
• DST synergies implemented
• $200 million annual run-rate
* Analyst Estimates
Adjusted Diluted EPS Since 2010 IPO
33
• Driven by organic
growth, acquisitions,
cost synergies, and
deleveraging
• 45.0% adj. EPS growth
in 2018
• 25.7% CAGR since
SSNC’s 2010 IPO
$0.45 $0.54
$0.71
$0.99
$1.18 $1.33
$1.64
$1.93
$2.81 E
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
2010 2011 2012 2013 2014 2015 2016 2017 2018 E
6.8x
3.0x
4.2x
1.5x
4.5x
2.9x
4.8x
4.0x
2005 2010 2012 2015 2015 2017 Apr-18 Q3 18(1) (3) (4) (5)(2)
Historical Leverage (reflected as net debt / consolidated EBITDA)
SS&C LBO SS&C IPOAcquisition of
GlobeOp
33 months
post GlobeOp
27 months
post Advent
Acquisition of
Advent
(1) 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.
(2) Balance sheet data and LTM consolidated EBITDA as of 3/31/10.
(3) Balance sheet data and LTM consolidated EBITDA as of 6/30/12.
(4) Balance sheet data and LTM consolidated EBITDA as of 3/31/15.
(5) Balance sheet data and LTM consolidated EBITDA as of 9/30/15.
(6) Balance sheet data and LTM consolidated EBITDA as of 12/31/17.
(7) Balance sheet data as of 4/16/18 closing of DST transaction. LTM consolidated EBITDA as of 12/31/17.
Consolidated EBITDA assumes $150mm of identified DST synergies at 4/16/18.
(8) Balance sheet data and LTM consolidated EBITDA as of 6/30/18. Consolidated EBITDA assumes $175mm
of identified DST synergies at 6/30/18.
(6)
5 months post
DST Systems
(8)
Acquisition of
DST Systems
(7)
Successful History of Deleveraging
34
Leverage Guidance for 2018-2019
35
4.0x
4.7x
3.9x – 4.0x
Actual 9/2018 Estimated 12/2018 Target 12/2019
Estimated leverage for Dec. 2018
Assumes:
- Eze Software debt of $875 million
- Intralinks close in Q4 2018, with
debt of $1.0 billion
• 2019 FCF approximately
$1.0 billion
• Capital expenditures range
2.6% - 3.0% of revenue
• Dividends are $83.0 million
a year
• Interest rate is LIBOR +
225/250
Target leverage for Dec. 2018
Assumes:
- All FCF used for debt pay-down
- EBTIDA growth organically and
from acquisitions
Revenue Distribution
36
84%
11%
2%2% 1%
96%
4%
LTM 9/30/18 Business Distribution
$ USDRecurring
LTM 9/30/18 Currency Exposure
Other: € EUR, RM, ฿ THB, $ SGD, ZAR, ¥
CNY, $ HKD
Non-Recurring
77%
18%
5%
LTM 9/30/18 Geographic Distribution
Americas
EMEA
APAC$ AUD
$ CAD
£ GBP
Other
Stable Revenue Streams with diverse pricing models
37
• Alternatives primarily priced on Assets under Administration, with minimums
and fixed fee services
• SS&C DST’s transfer agency falls under institutional/traditional, and is priced
by # of accounts and # of transactions
• The remaining 50% of the business is a term license model with price
increases at renewal
• Predictable revenue streams with over 95% recurring revenue
• Sticky customer base, SS&C provides mission critical software and services
to the financial services and healthcare markets
• Client revenue retention 95% LTM
• SS&C’s revenues dropped from $280 million in 2008
to $270 million in 2009, a 3.2% decrease
• SS&C’s revenue retention maintained 90%
• Acquired Evare, Maximus, TheNextRound, and
Tradeware in 2009
Performance During ‘08-’09 Recession
Alternative33%
Institutional / Traditional
45%
Wealth Management
7%
Targeted3%
Healthcare12%
Pro Forma 2017 revenue(1)(2)
$3.8bn
Revenue
• Advent’s revenues increased from $238 million in
2008 to $260 million in 2009, a 9.2% increase
• Advent’s EBTIDA margins increased 400 bps in this
time period
• DST’s operating revenues decreased from $1,143
million in 2008 to $1,115 in 2009 a 4.8% decrease
• The decrease in revenue is attributed to the shift from
traditional transfer agency to sub accounting, FX
impacts, client attrition
• Acquired Argus Pharmacy Solutions in March 2009
Q&A
BREAK
SS&C DST SYSTEMS
Mike Sleightholme, SVP and General Manager
SS&C DST Systems
Overview of Offerings:
Domestic and Int’l Financial Services Healthcare Services
• SS&C DST is a global provider of technology-based information processing and servicing solutions
• #1 market position in mutual funds with 58.3mm TA accounts
• #2 market position in brokerage with 51.6mm subaccounts
• Largest SaaS provider to the retirement industry with 7.2mm participants
• Serves 23 of 25 largest asset managers
• ~501mm pharmacy paid claims forecasted
• 21.9mm covered lives under Health Solutions
• Services some of the largest wealth managers in the UK and Australia
SS&C DST by the Numbers:
Pharmacy Solutions
~501 mm paid claims projected
for 2018
Health Solutions
21.9 mm Covered Lives
Asset/FundManager Solutions
58.3 million TA Accounts in US
5.5 mm fund accounts in UK
Brokerage Solutions
51.6 million Subaccounts
Retirement Solutions
Largest SaaS Provider
ALPS
43 Proprietary Products
Distribution Solutions
23 of 25 Largest Asset Managers
Wealth MgmtSolutions
Servicing Largest Wealth Mgmt Firm in
UK
41
DST Business Overview – Global Financial Services
• Clients seeking operating leverage
• End-client engagement through digital and mobile is key
• Importance of data and analytics
• Crowded and emerging wealth management market
• Capitalize on increasing demand for outsourced BPO services
• Infrastructure as a Service
• Leverage full suite of SS&C tools to create custom solutions to meet client needs
• Create operational efficiency through workflow automation
• Retirement Services – BPO and SaaS
• Robotics and AWD Workflow
• Create seamless global digital capabilities
• Creation of more integrated global TA services
• Expanding capabilities in data and analytics including across Health and Wealth
• AWD sales across Health, Banking and other sectors
Market Overview SS&C/DST Opportunities Our Key Focus Areas
42
DST Business Overview – Healthcare Services
• Healthcare Administration is fairly mature but offers growth as payers seek to focus on care management and quality outcomes
• Pharmacy Benefit Manager (PBM) consolidation with players (CI/ESI, DVS, AET)
• Health Outcomes Optimization leveraging predictive analytics
• Payment innovation/value based constructs
• Market disruption driving clients to look for neutral alternatives
• Data and Analytics
• Revenue management
• Patient engagement
• Quality performance
• Traditional – rebates, network, clinical programs
• Pharmacy and Specialty Analytics
Market Overview SS&C/DST Opportunities Our Key Focus Areas
43
SS&C GLOBEOP - HEDGE FUNDS
Ken Fullerton, SVP and Managing Director
SS&C GlobeOp - Hedge Fund Services
Overview of Offerings:
Investor Services
Middle / Back Office Solutions
Tax Services / Audit Support
NAV Production
Regulatory Solutions
• SS&C GlobeOp is the leading Fund Administrator with over 1.6 Trillion in alternative assets under administration
• Hedge Fund AUA: 830 BN
• # of Hedge Fund clients: 1,500
• # of Funds: 7,400
• Onboarded 1,720 Funds since Q1 2017
• 814 funds added from new clients
• 906 funds added from existing clients
• 4,350 staff globally, management team has more than 20+ years average experience
• Locations: 11 countries (US, Europe, Asia) / 30 offices
Managed Services
45
Market Analysis – Hedge Fund Services
• Technology Ownership
• Comprehensive Service Offering
• Global Footprint
• Organizational Agility
• Depth and Diversity of our Employees
• Diversity of Client
• Asia-Pacific Market
• Managed Account Platforms
• Asset Allocators
• Credit / Bank Loan Funds
• Acquisition cross sells
Strengths Opportunities
46
$0
$200
$400
$600
$800
$1,000
Q42015
Q12016
Q22016
Q32016
Q42016
Q12017
Q22017
Q32017
Q42017
Q12018
Q22018
Q32018
SS&C Hedge Fund AUA ($bil)
459
594 580633
584660 657 707 715
781830 830
Key Initiatives
1. Data Aggregation Solutions
2. Outsourcing growth - MBO solutions
3. Technology – Artificial Intelligence
47
SS&C GLOBEOP - PRIVATE EQUITY
Joe Patellaro, SVP and Managing Director
Business Overview – Private Equity Services
• Industry Pioneer in asset class that continues to grow
• SS&C is the largest independent provider of Private Equity fund administration; Capital commitments of approximately $550bn under administration
• Currently service ~370 clients and 2000+ Funds as of September 2018
• Onboarded ~500 Funds and related entities since the beginning of 2017
• Seasoned team; Private Equity business leadership are long-term industry professionals with approximately 13 average years tenure in the Private Equity Services business; Global team of more than 600 Private Equity professionals across 16 offices
• Continued strong growth from Existing Clients in 2018
• Contractually recurring revenues with long-term fund structures and portfolios; predictable and stable revenue stream not impacted directly by market volatility
Interconnectivity across the organization with other SS&C products and services
Overview of Offerings:
Services Provided to Private Equity Fund Managers Services Provided to Investors
Portfolio Accounting & Administration
Portfolio Analytics and look-thru
Fund Accounting & Reporting
Investor Services
Management Company Accounting
& Reporting
U.S. Tax Services
49
Private Equity Market – Continued Growth
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2016 2017 2018
Private Equity Funds in Market over Time Q1 2016 - Q3 2018
No. of Funds Raising Aggregate Capital Targeted ($bn)Source: Preqin,
$4.3 Trillion in committed capital raised the last twelve years
Per Preqin a record of 3,037 funds are on the road as of the start
of Q3 2018, targeting $948b, a 52% rise in the number of funds
raising capital compared to the beginning of Q3 2017, and a 40%
increase in aggregate capital targeted
Forbes magazine indicates that Private Equity fund sizes are at a
record high; the average fund size has nearly doubled in the past
6 years
Small to mid-market buyout funds continue to present best
opportunities according to investors
86% of investors surveyed by Preqin plan to maintain or increase
their investments in Private Equity over the coming year
53% of investors plan to increase their allocation to private equity
over the longer term, a record proportion.
Source Preqin,2018 unless noted otherwise
“Private equity is expected to overtake hedge funds in the next five years as the largest alternative asset class”, Preqin said,
which questioned 420 fund managers. Preqin predicts that the alternative assets industry, which includes private equity and
hedge funds, will reach $14 trillion by 2023. Alternative assets weighed in at $8.8 trillion at the end of 2017, Preqin said. "If
anything, we believe that $14 trillion is more likely to be too low than it is to be too high," said Mark O'Hare, Preqin's CEO, in a
statement.”
50
Market Evolution“Given the illiquid and long-term nature of private equity, change within the asset class can sometimes appear
somewhat slow paced; however, we are probably in a period when there has never been so much change.” Preqin
Emerging
Managers /
Small Firms
Middle Market
Firms
Large Private
Equity Firms
Minimal internal infrastructure…people and systems
Technology and services needs; Fund Administration, Management Company and Tax
Heavy reliance on service provider
Successful relationships early on represent long-term clients
Large organizations in industry for many years; predominately self-administered
New product types and relationships may drive need to evaluate third party administration
Data is key!
Cost constraints as firms grow and potentially receive investment or go public
Larger firms with 20-60 employees; some infrastructure and systems
Have recently launched latest vintage fund (eg. Fund III or IV); $1B - $9B CCUM
Wide array of growing regulatory and investor requirements
Inflection point between finance and principals on optimal solution to take the firm forward
Allocators/
Investors
Large portfolios of private equity fund investments requiring granular tracking
Asset Manager relationships such as Fund of Ones and SMAs
Insurance Companies, Advisors, Family Office, Pensions, SWFs
Global reach
Size, scale, ability to grow rapidly
Technology
‒ Ownership of broad array of
components
‒ Transparency and Reporting
‒ Platform flexibility
‒ Investor Reporting
Breadth of entities we can support
beyond Fund
Innovation leader as industry matures
Ability to transact
Seniority and longevity of
management team
Ability to deliver broad array of
financial services products
Target Profiles Why SS&C
51
Key Initiatives – Private Equity Services
1. Expand relationships with existing clients
2. Solutions for large Private Equity Firms
3. Middle Market Private Equity shift to third
party administration
4. Products and services aimed at front office
5. Industry connectivity and client access-
DST, Eze and IntraLinks
Maximize Growth
‒ Tax, Treasury and Portfolio Analytics
‒ Management Company
‒ Consultative approach
‒ Solutions for data
‒ Client access to information; comfort with model
‒ Investor focus on reporting and standards
‒ Portfolio Analytics for Allocators
‒ Packaged solutions with Intralinks
‒ Geographic coverage
‒ Increasing opportunity to cross sell to clients
52
SS&C GLOBEOP - REAL ASSETS
Bhagesh Malde, SVP and Managing Director
SS&C GlobeOp – Real Assets
Dedicated Real Assets division established in 2017 focusing on servicing Real Estate, Infrastructure & other Hard Asset funds
• 100 clients
• Real Asset Division Growth in 2018:
‒ 18 new clients added 171 fund level entities YTD September 2018
‒ 23 existing clients awarded new business in 2018
‒ 50% revenue growth (Q3 2017 – Q4 2018)
• Expansion in North America and EMEA with new teams in Atlanta, Boston, Los Angeles, London and Mumbai
• Hired more than 80 additional experienced professionals to service new business
• Operating model augmented with capabilities of SS&C internal partners
SS&C GlobeOp Real Assets by the numbers (as of 9/30/18):
54
Overview of Offerings
Accounting
Services
Investor
Services
Tax
ServicesCompliance & Regulatory
Services
Treasury
Services
Market Opportunity – Real Assets
Open-ended funds4
• 600% growth in the number of active
funds from 2001 to 2017
• US and UK managers dominate the
space
1Cushman & Wakefield Capital Markets Report: WINNING IN GROWTH CITIES 2018/20192Preqin Market Data3KPMG, Real Estate Fund Administration 2.0, Insights from the 2018 outsourcing survey4 2018 Preqin Global Real Estate Report5 2018 BDC Roundtable, Eversheds Sutherland
Real Estate Fund Outsourcing
• Global investment rose 18% in the 12
months to June 2018
• Investment at record $1.8trn1; $500bn is
private capital2
• Most administered in-house
• Managers outsourcing to focus on real
estate investing, investors, and cost3
Source: Preqin Market Data
Business Development Companies5
• Aggregated assets of over $90 billion
• 64 BDC’s added since 2010
• BDC’s were managed internally historically with
outsourcing increasing over the last decade
0
500
1000
1500
2000
Real Estate AuM (USD bn)
DRY POWDER UNREALIZED VALUE AuM
0
100
200
300
400
500
600
Open-Ended Real Estate Fund Launches2001 - 2017
Funds in market Funds launched Funds Liquidated
0
10
20
30
40
50
60
70
80
90
100
pre-2005
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Growth of BDC's
Traded Non-traded Private
55
Key Initiatives
1. Continue targeting Real Estate managers with in-house administration
2. Continue to support new managers in launching new funds
3. Organically grow with existing clients as fundraising continues
4. Leverage SS&C relationships
5. New product development to focus on BDC market opportunity
6. Pursue opportunities outside of North America
56
INSTITUTIONAL AND INVESTMENT MANAGEMENT
Christy Bremner, SVP and General Manager
Institutional & Investment Management (I&IM)
Overview of Offerings:
Data Aggregation Reconciliation
• I&IM is a global provider of financial investment software and services to Investment Managers and Asset Owners
• 1,300 client relationships in 57 countries
• Diverse customer base using front to back office solutions with 60% of clients outside of the US
• 70% of top Insurance companies
• 85% of top Asset Managers
• 70% of Third Party Administrators in Australia
SS&C I&IM by the Numbers:
Portfolio Accounting
Client Engagement and Portals
End Client Engagement and Communications Middle To Back Office Operations
Portfolio Management
Performance Measurement
Enterprise-wide reporting
58
Global AUM $85T, growth 6%1
Global AUM $79T, growth 12%2
Global AUM $32T, growth 6%3
Wealth Management Asset Management Insurance
1. 2016- 2025 projected growth. Source: ”Asset & Wealth Revolution: Embracing Exponential Change: PWC.
2. 2017. Source: Boston Consulting Group, “Global Asset Management 2018: The Digital Metamorphosis”
3. 2018 AUM, USD in trillion. 2012-2020, projected growth. Source: “PWC Asset Management 2020: A Brave New World”, page 9.
Key drivers:
Accumulation of wealth
Expansion of investment types
Increased client centric reporting and client
self service
Key drivers:
• Supporting local markets with global
operations
• Tools to justify active management
• Compliance and regulation
Key drivers:
• Growth of alternative investments
• Cybersecurity, operational and regulatory
risk
• SaaS and outsourcing
Investment Management Market AnalysisConsolidation and competitive differentiation cut across all segments
59
Key Initiatives
Continued focus and investment in Strategic Accounts driving expanded solution set
within existing customers;
• Products & Services
• Hosting and Outsourcing
New customer acquisition focus in key areas
• Solutions that drive customer engagement; communication, retention and growth
• Wealth and Asset management with broad solution set
Continued product/solution investments that will drive the above short and long term
• Product integration of offerings for Wealth, Insurance and Asset Management
• Leveraging key technology advancements to enable operational efficiency, elimination of
manual activities and provide better insights for users ( AI, bots, natural language processing,
user behavior analytics, machine learning and automaton)
60
SS&C ADVENT
Rob Roley, SVP and General Manager
SS&C Advent
Offerings by Segment:
Alternatives
• Advent Software (ADVS) was acquired by SS&C in 2015. Added Acquisitions of Salentica in 2016 and Modestspark in 2017
• Over 4,000 buy side clients across three main market segments
• Approximately 80% of existing business and 70% of new business from US market
• Operate in several different market segments and geographies with different competitive sets and macro trends
• R&D investment in new products to increase win rates, drive larger new opportunities and expand within existing clients
• Service and Sales focus on maintaining high 90’s renewal rates and increasing win rates with same/shorter sales cycles
• Continued focus on cross sell of other SS&C solutions into Advent client base
Overview
Wealth Management & Advisory Asset Management
Geneva
Global Investment Accounting
Syncova
Margin and Finance solution for brokers and
funds
Black Diamond Wealth Platform
Accounting, Reporting, Investor and Advisor
Experience
Modestspark & Salentica
Digital Client Engagement
and CRM
APX, Moxy Genesis Suite
Integrated Front, Middle and Back
office Solution
Tamale
Research Management
Data, Outsourcing and Technical Managed Services
62
Wealth Management & Advisory
• Independent RIA Market has been growing over 10% CAGR for
last 5 years (2017 Cerulli US RIA Report)
‒ Driven by wirehouse breakaway trend and aided by
platforms and private equity capital, share of advisor
managed assets with independents grew from 15% to
23% from 2006 to 2016
‒ Attractive market dynamics attract a lot of players –
competition in this market is fierce
• Vast majority of new independents are small to medium sized
(<$1B AUM) and cite primary challenges of running a business,
compliance, technology and ops
• Our build/buy/partner strategy of providing a leading technology
and service ‘suite’ to this market has resulted in increased win
rates and tech wallet share
• Our current market share of ~15% of addressable market*
leaves ample headroom for growth
Market Landscape & Strategy
63
Asset Management
• Overall market has been stagnant with few bright spots (ETF
managers, Middle East market)
• Consolidation creates opportunities for SS&C via “bake offs”
where we continue to have high win rates
• How asset managers adopt technology continues to trend to the
cloud and more managed services – our flexibility is a
differentiator
• Our growth is driven by a combination of several factors:
‒ Focus on Client Satisfaction and NPS Drives Continued
Strong Renewal Rate Trends and word of mouth lead
generation
‒ Expanded services, including SAAS offerings and
outsourced and co-sourced operational services
‒ International growth, particularly in MENA
‒ Genesis: new solution for Portfolio Managers that brings
the Advent suite to the front office
Market Landscape & Strategy
64
Alternatives
• Continue to see blurred lines between alternative strategies and
between alternatives and asset management
• This trend creates demand for solutions that can accommodate
any global strategy within different vehicles and across
jurisdictions and accounting regimes
• Our focus with Geneva continues to be on deep expertise and
best of breed solution for portfolio management and investment
and investor accounting
‒ Recent Focus and wins in Closed End Hybrid Funds,
Private Debt, Institutional Managers with Complex
Investment Requirements
• We augment the core Geneva platform with add on capabilities
around data management and governance (Advent Lumis), data
access and reporting (Geneva EIS), financing and margin
optimization (Syncova) and outsourced managed services
(Advent Outsourcing)
Market Landscape & Strategy
22 of 25
Largest
Prime
Brokers
50+ Global
Asset
Managers
with Over
$2T total
AUM
41 Fund
Administrators
15 of the Top
30 Hedge
Funds by
AUM use
Geneva
65
SS&C EZE SOFTWARE
Jeff Shoreman, SVP and General Manager
SS&C Eze Business Overview
67
Global provider of best-in-breed software solutions and technology
services designed to maximize investment and operational alpha
for the entire institutional investment community.
Hosted, On
Premise,
Multi-Tenant
SaaS
Eze Order Management (Eze OMS)
Enterprise solution features portfolio
analytics, trading, compliance, order
management.
Eze Execution Management (Eze EMS)
Trader-focused solution features high-
speed execution platform with access to
liquidity venues/integrated market data
Eze Portfolio Management &
Accounting (Eze PMA)
Middle/back-office solution features
portfolio accounting, reporting, and
investor-level accounting
Eze Eclipse
Native, born-in-the-cloud investment
platform to manage the entire investment
process.
Serving 1900+ alternative &
traditional asset managers» More than 9,500 users in 50+ countries
» 75% hedge funds, 25% traditional/long-only
» ~40% of hedge funds with over $10b in AUM
» Asset managers with over $1T in aggregate
AUM use Eze
» Supports all assets and strategies: long/short,
credit, macro, long-only, pension, institutional,
ETFs. & more
» 750+ brokers/partners as trading destinations
1,100+ Professionals Globally» 14 locations / 5 continents
» Deep FinTech experience
» Average management tenure: 8+ years
» Founded in 1995
» SS&C acquisition closed on October 1st
- $8.5 $27.9 $36.9
($1.1)
$14.7 $57.4
$91.4
$4.4
$55.3 $23.3
$46.5
$99.4 $70.6 $73.6
$46.9
$126.5
$194.5
($154.4)
($131.2)
$55.5 $70.6 $34.4
$63.7 $76.4 $43.8
($70.1)
$9.8
($11.1)
$39
$58
$96
$168
$167
$186
$257
$368
$375
$456
$491
$…
$626
$820
$973
$1,105
$1,465
$1,868
$1,407
$1,600
$1,917
$2,008
$2,252
$2,628
$2,845
$2,897
$3,018
$3,211
$3,244
90 92 94 96 98 00 02 04 06 08 10 12 14 16 YTD '18
Estimated Asset Flow ($b)
Hedge Fund AUM and Net Asset Inflows 1990-Present
Source: Hedge Fund Research
Projected Total IT Spending in OMS and EMS Segment,
2007 to 2019E (In $b)4
0.90.9 1.0 1.1 1.1 1.2
1.31.3
1.41.5
1.61.7
1.8
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018E 2019E
0.40.5 0.5
0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.8 0.9 0.9
EMSOMSSource: Aite Group (2018)
Market Analysis
68
Asset Management Technology Market Continues to Grow
» Overall FinTech market ($48B) expected to grow 4-5%* annually
» OMS/EMS segment continues to grow at ~6.5% CAGR
» Drivers of growth: compliance requirements, regulation, demands for transparency, and
complexity of investment strategies
» SS&C Eze well positioned to take advantage of convergence of asset management
technologies and services
Hedge Fund Environment
» Despite recent macro environment, long-term hedge fund growth has been strong
» Recent combination of low market volatility and net outflows of assets has been a headwind
» SS&C Eze client trading volumes partially correlated to volatility and overall market volumes
» Reversal of these cyclical headwinds will provide opportunity to accelerate growth
* Based on 2018 Ovum Financial Markets Technology Spending Through2022
~6.5% CAGR
1. Accelerate Eze Eclipse
• 55 clients following limited market release
• Further expansion into start-up/mid-size segment and new geographies
2. Continue expansion into traditional/long-only segment
• Currently represents ~25% of revenue
• Opportunity to accelerate as part of SS&C
3. Cross-sell with SS&C
• Highly complementary offerings in front-office/back-office technology and fund administration
4. Continue margin expansion and synergy realization
• Targeting $30m in synergies over next 3 years
• Increased margin by 10% over last 5-year cycle leveraging Hyderabad center, transition to agile, scale of client service terms
Key Initiatives
69
INTRALINKS
Leif O’Leary, SVP and General Manager
Intralinks: Market Leader with a Strong Track Record of Execution
Intralinks Solutions
• Intralinks is a SaaS, cloud-based FinTech provider for deal making, capital markets and global banking.
• We facilitate strategic initiatives like mergers and acquisitions, capital raising and investor reporting by enabling and
securing the flow of information
• Market leader with over 4,000 active customers and a blue chip customer roster which includes 99% of the Fortune 1000
• Leading innovator in financial technology
• Consistent track record of delivering profitable growth
• 800 employees in 15 countries around the world
M&A Due
Diligence
Capital
Raising
Investor
Reporting
Debt
Financing
Regulatory
ReportingCustomer
Journey
Company Overview
71
Market Overview
72
Intralinks for M&AIntralinks for Alternative
Investments
Intralinks for Banking &
Securities
PE / RE Estimated Addressable IT Spend ($M)
~$2.6B
97.7
277.5
92.5
Banking & Securities: Segment TAM
Debt Capital Markets
Customer Journey
Secure Collaboration
~$470M
TAM
• Low levels of inflation
• Low interest rates / favorable debt market
• Record levels of private equity dry powder
• Deal-hungry corporate acquirers
• Cross-sector tech adoption driving M&A
• LPs pushing for data and transparency in
reporting
• More PE firms using fund admins
• Record year for PE fundraising
• Firms raising more capital across fewer funds
• Increase in LPs direct investing
• Automation and AI changing competitive
differentiation across the banking landscape
• Ongoing regulatory change/uncertainty results
in constant recalibration risk
• WM becoming pivotal to banks’ revenue and is
becoming more tightly integrated w/ some key
cap market products
Information Security & Governance market requirements:• Data privacy and security is more paramount than ever; key is to product but limit impact on productivity
• Blockchain considerations for transparency and validation of audits
• Use Artificial Intelligence to proactively identify risks
• Compliant reporting of all data room activities delivered in an on-demand, complete, and compliant fashion
• Mobile device usage continues to grow…markets want more features/capabilities
Key Initiatives
Focus on Core Markets
• Mergers & Acquisitions
• Alternative Investments
• Banking & Securities
Build a Culture of Innovation
• Artificial Intelligence Center of Excellence
• Global Innovation Programs
Increase Operational Leverage
• System & Process Optimization
• Infrastructure Modernization
• Follow-the-Sun Global Sourcing Strategy
THE NEW
INTRALINKS
Innovation, Focus and Leverage: Transforming the Future of Intralinks
73
TECHNOLOGY STRATEGY
Anthony Caiafa, Chief Technology Officer
Technology @ SS&C Core Focus
Datacenters SecurityInfrastructure
Innovation
75
Global datacenter footprint expansion
• Increased space for customer co-location
& managed hosting
• Additional capacity for private cloud
expansion
• State of the art critical infrastructure
• Start of the art security
• Increased global footprint and
redundancy
76
Data Centers
Security
• Implementation of global SOC/SIEM
• Additional threat intelligence feeds
• Usage of ML(machine learning) against threat data
• Increased intelligence for internal/external vulnerabilities
• Increased Network & Host level control granularity
• Expanded Red Team / Blue Team exercises and practices
• Expanding already robust vulnerability management and
remediation policies
77
Infrastructure Innovation
• Capacity upgrades globally
• Increased customer hosting capacity for
quicker TTM
• Self service quota management portals
• Enhancements on per VM alarming and
metrics
• Mutli-cloud Orchestration integrations
• New Data Science as a Service product
offerings
• Big Data ETL analytics engine product
offering
• API interaction focus for customers
accessing data
• New PaaS to speed up TTM
Private Cloud R&D
78
SS&C SINGULARITY
Norm Boulanger, Vice ChairmanScott Kurland, Managing Director
80
What Is SS&C Singularity?
The first smart
investment
operations and
accounting
system
• Learning from user behavior on the fly
• Proactively managing event workflows
• Optimizing relevant data views
• Monitoring user & counterparty productivity
Continuously improves efficiency,
accuracy and transparency by:
81
Why is Singularity needed?
• Dated & inflexible architecture
• Heavy manual intervention
• Numerous custom workarounds
• Batch-based processing
• Long and painful release cycles
• Disparate data stores
• Siloed functionality by asset class
• High operating costs
• Cloud, web-enabled, microservices
architecture
• Automated workflow through machine
learning & robotics
• Flexible workflow-based rules engine
• Real-time operations & accounting updates
• Agile development and rapid deployment
model
• Unified database & interface across asset
classes
• Reduced total cost of operation
Industry Challenges with
Current Solution Providers
Singularity Competitive
Advantages
Key Singularity Accomplishments to Date
• Created middle office,
operations and n-basis
accounting support across
multiple asset classes
including Fixed Income, FX,
Equities, Exchange Traded
and OTC Derivatives
• Leveraged AI, Robotics &
Machine Learning to
improve efficiency and
automation
• Implemented actionable
monitors to remedy
accounting and operational
anomalies
• Contracted with market
leading insurance company
for Singularity conversion
assessment
• 40+ NA & UK sales
presentations in Q3-Q4/18
via soft launch
• Ongoing pursuits with
market leaders across
multiple sectors
• 10+ debriefings with key
industry analysts &
consultants
• Production migration of first
asset management client
from CAMRA
• Multiple Hedge, Insurance,
Pension & REIT clients
moved from testing to
parallel processing
• Construction of “sandbox”
environment for key
insurance client data
• Material operational
efficiencies demonstrated
Product Development Market Penetration Client Conversions
82
Key Revenue Drivers
1. Significant upgrade path for existing clients
2. Natural upsell opportunity for outsourcing services
3. Ability to outsell major competitors (Eagle, Simcorp, Clearwater,
Citco, State Street, SAP, Sungard, etc.) on new opportunities
4. Enhanced opportunity to collaborate with key industry analysts
and consultants on operational transformation initiatives
83
Q&A
