EX-99.2 3 d536246dex992.htm EX-99.2

Exhibit 99.2 Amdocs Limited NASDAQ: DOX Fiscal Q4 2023 Earnings Presentation November 7, 2023 Shuky Sheffer President & CEO Tamar Rapaport-Dagim CFO & COO

The information contained herein in this presentation or delivered or to be delivered to you during this presentation does not constitute an offer, expressed or implied, or a recommendation to do any transaction in Amdocs Limited securities or in any securities of its affiliates or subsidiaries. This presentation and the comments made by members of Amdocs management in conjunction with it can be found on the Investor Relations section of our website, and, as always, a copy of today’s prepared remarks will also be posted immediately following the conclusion of this call. This presentation includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs’ growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other global or regional events such as the recent attacks in Israel and evolving conflict and the COVID-19 pandemic, as well as the current inflationary environment, and the effects of these conditions on the Company’s customers’ businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company’s customers. Amdocs’ ability to grow in the business markets that it serves, Amdocs’ ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company’s products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company’s offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs’ filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2022 filed on December 13, 2022 and in our Form 6-K furnished for the first quarter of fiscal 2023 filed on February 13, 2023, the second quarter of fiscal 2023 filed on May 22, 2023 and for the third quarter of fiscal 2023 on August 14, 2023. This presentation includes non-GAAP financial measures, including non-GAAP operating margin, free cash flow, revenue on a constant currency basis, non-GAAP net income, non-GAAP net income attributable to Amdocs Limited, and non-GAAP earnings per share. Free cash flow equals cash generated by operating activities less net capital expenditures and other. While in prior years Amdocs used normalized free cash flow, a measure of our operating performance, is further adjusted to exclude net capital expenditures related to the new campus development, payments for non-recurring and unusual charges (such as capital gains tax to be paid in relation to the divestiture of OpenMarket), and payments of acquisition related liabilities, Amdocs is no longer reporting normalized free cash flow. Normalized free cash flow is not comparable to free cash flow. These non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from non- GAAP financial measures used by other companies. In addition, these non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles. Amdocs believes that non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with Amdocs’ results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Amdocs’ results of operations in conjunction with the corresponding GAAP measures. Please refer to the appendix for a reconciliation of these metrics to the most comparable GAAP provision. This presentation also includes pro forma metrics which exclude the financial impact of OpenMarket (divested on December 31, 2020) from fiscal year 2021. Please also review the information contained in Amdocs’ press release dated November 7, 2023 with respect to earnings for fiscal Q4 2023. The press release contains additional information regarding Amdocs’ outlook for fiscal year 2024 and certain non-GAAP metrics and their reconciliations Information Security Level 0 – Public. © 2022 – Proprietary & Confidential Information of Amdocs 2

Today’s Speakers Shuky Tamar Sheffer Rapaport-Dagim President & Chief Financial Officer & Chief Executive Officer Chief Operating Officer Information Security Level 0 – Public. © 2022 – Proprietary & Confidential Information of Amdocs 3

Earnings call agenda 01 Strategy & Business Performance Update Shuky Sheffer, President & Chief Executive Officer Financial Review & Outlook 02 Tamar Rapaport-Dagim, Chief Financial Officer & Chief Operating Officer 03 Q&A Information Security Level 0 – Public. © 2022 – Proprietary & Confidential Information of Amdocs 4

President & Chief Executive Officer Strategy and Business Performance Update Information Security Level 0 – Public. © 2022 – Proprietary & Confidential Information of Amdocs 5

to our talented and diverse group of global employees for a successful 2023 to our employees in Israel, who have shown tremendous resilience, dedication and commitment following the horrific attack of October 7 United together across the globe, we continue to provide seamless 24/7 service and support, ensuring uninterrupted customer care and business operations worldwide IIn nf for orm ma at tiion on Se Sec cu ur riit ty y L Le evel vel 3 0 – – H Pu igh blilc y . Se © n 20 sit23 ive. – P ©r op 2022 rie t– aP ryr op & Con rietafriy d e & Con ntial Ifn id for en m tia atl ion Inf or of m A am tion doc of s Amdocs 6 6

FY23: record annual revenue, continued profitable growth & margin improvement Non-GAAP Non-GAAP 12-month (1) Revenue operating (2) EPS backlog (2) margin 17.8% $5.91 $4,888m $4.15B (1) (2) Up 7.7% YoY +20bps YoY Up 4.5% YoY Up 11.5% YoY Record total revenue Improved profitability as Record backlog Well above the 10% Cloud exceeded 20% of operational efficiencies midpoint of original FY23 revenue, growing double- benefits realized outlook digits Robust free cash flow with ~100% earning-to-cash conversion 1. Constant currency. Assumes exchange rates in the current period were unchanged from the prior period 2. Non-GAAP. See reconciliation tables in appendix IIn nf for orm ma at tiion on Se Sec cu ur riit ty y L Le evel vel 0 0 – – P Pu ub blliic c. . © © 20 2022 22 – – P Pr rop opr riie et ta ar ry y & & Con Conf fiid de en nt tiia all IIn nf for orm ma at tiion on of of A Am md doc ocs s 7 7

Fiscal Q4 & 2023 Operational Highlights Strong market recognition in FY2023 Best-in-class execution and operations North America: High rate of successful project deployment Continued progress Canada FY23 revenue up 6.7% YoY Europe: UK UK Record year of strong double-digit growth Italy Rest of world: CMP Launched Philippines Philippines Slight annual decline, Strongest quarter in Next-gen Amdocs Cloud four years Singapore Mexico Management Platform UK Integrates generative AI capabilities Managed services: Netherlands from our amAIz framework to enhance Another record year operating efficiency and agility IIn nf for orm ma at tiion on Se Sec cu ur riit ty y L Le evel vel 0 0 – – P Pu ub blliic c. . © © 20 2023 23 – – P Pr rop opr riie et ta ar ry y & & Con Conf fiid de en nt tiia all IIn nf for orm ma at tiion on of of A Am md doc ocs s 8 8

Progress in strategic domains (1/5) Simplify and accelerate adoption of generative AI across the telecom industry Infusing Products Creating a GenAI Leveraging with GenAI Foundation Strategic Partners Horizon 1 Enhancing industry Deep telecom industry Building on Microsoft Disruptor flagship CES products expertise supporting the strategic partnership with generative AI creation of proprietary announced previously capabilities via our telco taxonomy we are partnering with amAIz framework enabling context-aware NVIDIA in order to “CSPs benefit from Amdocs’ telecom use cases leverage the GenAI amAIz framework by receiving native ecosystem increased time to value…we expect other telecoms- specific players to launch their generative AI strategies Data Readiness …these vendors should learn from Amdocs’ strategy…” Data infrastructure readiness, normalization and ingestion preparedness for GenAI Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 9

Progress in strategic domains (2/5) Accelerate the multi-year journey to the cloud Selected projects Business value Operation support services for Amdocs Flexible and cost-efficient infrastructure; Mexico applications to the public cloud unlock new business models Real-time rating and metering program expansion Facilitating seamless processes such as CI/CD pipeline, network integration and quality engineering testing Multi-year deal to modernize and consolidate Flexible and cost-efficient infrastructure monetization platforms on AWS Australia Amdocs to leverage the recently announced Microsoft-Oracle partnership, enabling the smooth transition of classic Amdocs applications to Azure Acquired Astadia, which specializes in highly sophisticated, mainframe-to-cloud migration and modernization, end-to-end projects from consulting to managed services Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 10

Progress in strategic domains (3/5) Creating seamless digital experiences by transforming IT operations for consumer and B2B customers Selected projects Business value Simplified & accelerated sales journey for Optus agents; Cloud-native B2B portfolio reduced order cancellation/fallout Monetization platform and billing automation Enhanced billing accuracy & customer satisfaction Personalized, next-generation, in-store retail experience with One of world’s first AI-enabled autonomous frictionless payment stores eSIM application Fully digital customer activation & management of their services Frictionless OTT and digital consumer services experience and MarketONE platform across six markets monetization Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 11

Progress in strategic domains (4/5) Next-generation solutions to unlock future market potential from true 5G standalone networks Amdocs currently has more than 20 cloud-based charging projects in production across a range of public, private, and hybrid environments, including at leading CSPs in North America Selected projects Business value Leading telco Monetize 5G and data products while improving Managed services extension and BSS operator in customer satisfaction Sub-Saharan modernization Africa Transform monetization operations Pivotal step towards strategic goal of becoming a customer-centric organization Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 12

Progress in strategic domains (5/5) Delivering dynamic connected experiences with real-time, automated networks FY23 selected projects Business value Exceeded FCC commitments, reaching 70% of US population Support for DISH’s 5G Open RAN network Empower Colt customers and employees around the world Delivery of digital infrastructure services as part UK of Colt’s continuous modernization journey First use case successfully demonstrated Automated 5G network slice solution Canada Enable seamless, advanced, safe and sustainable inventory Drone-Aided Site and Inventory Audits solution access to gather inventory information by using drones Drive fiber business and operational transformation Multi-year deal to uplift BSS and OSS ecosystem Acquired TEOCO’s service assurance business, strengthening unique end-to-end service orchestration offering Closed acquisition of ProCom Consulting, a US-based digital transformation services and business consulting company serving emerging fiber operators focus on rollout of fiber networks Joined AWS Integrated Private Wireless enabling service providers to unlock new innovations in Mobile Private Networks for enterprise customers Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 13

Summarizing a successful fiscal 2023 across multiple dimensions Maintained market-high win rate Accelerated customer and revenue momentum in cloud Established technology and industry leadership in Generative-AI Superb execution and seamless mission-critical operations support Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 14

Current environment entering FY 2024 Large service addressable market, the size of which has significantly expanded Strategy to deliver innovation to our customers, so they can advance with cloud-based 5G and fiber networks, Generative AI, and improved consumer and B2B experiences Relatively resilient business model, with highly recurring revenue streams resulting from our support of mission-critical systems under long-term engagements including managed services Increased level of macro uncertainty and industry pressure as some operators have begun to prioritize strategic modernization programs, while reducing discretionary spending Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 15

FY24 Outlook A B 1.0%-5.0% earning-to-cash flow YoY growth Free cash (1) conversion Revenue Reflects ~3% YoY revenue headwind flow attributable to reduced investment in legacy Expect to return majority of free system enhancement, among other factors cash flow to shareholders in year ahead Double-digit cloud revenue growth in FY24 C D 18.1% - 18.7% 8%-12% YoY growth % margin Non-GAAP Non-GAAP Expects double-digit non-GAAP +60bps accelerated profitability (2) (2) EBIT EPS diluted EPS growth for 4th consecutive improvement, mainly driven by automation, year, assuming the mid-point of our sophisticated tools and Gen-AI potential guidance range We are positioned to deliver double-digit expected total (3) th shareholder returns for the 4 straight year in FY 2024 1. Constant currency. Assumes exchange rates in the current 3. Expected total shareholder return assumes Non-GAAP EPS growth plus dividend yield (based on fiscal year period were unchanged from the prior period end closing share price); FY2024E assumed midpoint of pro forma non-GAAP EPS outlook, and dividend Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 16 yield based on proposed new quarterly rate of $0.479 as of share price on 11/7/23 2. Non-GAAP. See reconciliation tables in appendix

Chief Financial Officer & Chief Operating Officer Financial Review & Outlook Information Security Level 0 – Public. © 2022 – Proprietary & Confidential Information of Amdocs 17

Q4 2023 Results Q4 2023 Revenue vs. Guidance $ Millions Q4 Revenue Above guidance midpoint $1,243 million (1) +6.5% YoY, +6.3% constant currency $1,243 $1,240 Above guidance midpoint ($1,220M - $1,260M) (2) Q4 Non-GAAP Operating Margin Original Q4F23 Q4F23A Guidance (midpoint) 17.8%, +20bps YoY Unchanged QoQ and consistent revenue, as reported, (1) YoY constant currency with midpoint of annual target Q4 2023 Revenue by Region range of 17.5% - 18.1% $ Millions quarter in North America Q4 GAAP Diluted EPS quarter in Europe, Rest of World ~$233 $0.86 in 4 years in Rest of World Above guidance range (2) non-GAAP operating margin ($0.67 - $0.81) YoY, reflecting ongoing gains North America Europe ~$834 ~$176 (2) Q4 Non-GAAP Diluted EPS $1.42 1. Constant currency. Assumes exchange rates in the current period were unchanged from the prior period 2. Non-GAAP. See reconciliation tables in appendix Above guidance midpoint ($1.38 - $1.44) Information Security Level 0– Public© 2022 – Proprietary & Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 18 18 Confidential Information of Amdocs

Cloud grew double- Revenue Growth (2) digits, exceeding 20% Y/Y% growth constant currency of total revenue for (1) (2) FY2021 & FY2022 are pro forma constant currency the first time 10.3% Initial guidance 7.0% Record year in North midpoint 7.7% America & Europe ~8% YoY Growth in Southeast Asia FY2021 FY2022 FY2023 revenue, +6.8% YoY as reported and (2) constant currency 6 of top 10 customers (3) non-GAAP operating margin: located outside North (3) Non-GAAP EPS Y/Y % Growth in FY2023 America in FY2023, as (1) FY2021 & FY2022 are pro forma (3) non-GAAP diluted EPS: compared with 2 12.1% 11.5% Initial and than initial 10% customers a decade 9.8% guidance guidance midpoint ago midpoint ~10% YoY Number of countries with over $40M annual 1. Pro forma metrics exclude the financial impact of OpenMarket (which was divested on December 31, 2020) from fiscal year 2021. FY2021 FY2022 FY2023 revenue has almost 2. Constant currency. Assumes exchange rates in the current period were unchanged from the prior period doubled in the last 3. Non-GAAP. See reconciliation tables in appendix decade Information Security Level 0– Public© 2022 – Proprietary & Information Security Level 0 – Public. © 2022 – Proprietary & Confidential Information of Amdocs 19 19 Confidential Information of Amdocs

12-Month Backlog Record Quarterly 12-Month Backlog in Q4F23 12-month backlog growth has accelerated $ Billions year-over-year over the past several quarters as of $4.15 $4.14 $4.11 (1) (1) September 30, 2023 $4.09 ~ +4.5% YoY (1) YoY $3.97 (1) Q4F22 Q1F23 Q2F23 Q3F23 Q4F23 Leading Indicator 12-month backlog includes: • Anticipated revenue related to contracts • Estimated revenue from managed services contracts 12-month backlog • Letters of intent roughly averages • Maintenance ~80% of forward 12- • Estimated ongoing support activities month revenue Information Security Level 0– Public© 2022 – Proprietary & Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 20 20 Confidential Information of Amdocs

Managed Services Revenue: Fiscal Year to Date $ Millions $2,857 $2,755 Managed services arrangements support Managed Services business model resiliency with highly recurring revenue ~ +3.7% streams, multi-year YoY engagements and high renewal rates, and may also include of total revenue in large-scale digital FY2022 FY2023 Q4 F2023 transformation projects Amdocs appointed as single supplier to simplify IT operations under a 5-year deal for Three UK managed Close to services contract Multi-year engagement, taking responsibility for renewals business systems operations for fixed-line and mobile 100% customers Information Security Level 0– Public© 2022 – Proprietary & Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 21 21 Confidential Information of Amdocs

(2) FY 2023 Free cash flow bridge DSO’s 69 days Includes $20M restructuring payments -5 days YoY and -10 days QoQ not assumed in $700M DSO’s may fluctuate from quarter to quarter guidance ~$823 ~$124 * Unbilled receivables was higher than $698 Guidance: deferred revenue by $86 million, $700M aggregating the short-term and long- term balances. The net difference between deferred revenue and unbilled receivables fluctuates from quarter to quarter, in Operating Net capex Reported FCF line with normal business activities Cashflow *Figures may not sum due to rounding (2) Reported free cash flow of in Cash, Credit Facility & Debt Position Liquidity: Cash + Credit Facility FY2023, including $20 million of restructuring $ Millions, as of September 30, 2023 $1.2 billion payments not assumed in full year free cash flow guidance of Credit liquidity to support ongoing business Facility $500 Ample liquidity including available needs while retaining the capacity to fund $500M revolving credit facility future strategic growth investments Cash ~$743 $650 Baa2 BBB Moody’s S&P 1. $650M senior note, maturing June 2030 Committed to maintaining our 2. Non-GAAP. See reconciliation tables in appendix (1) $0 Liquidity Debt Investment grade credit rating Information Security Level 0– Public© 2022 – Proprietary & Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 22 22 Confidential Information of Amdocs

Dividend Growth Q4 2023 Cash Returned to Shareholders $ Millions Board authorized new quarterly dividend payment: Dividends, $52 47.9 cents, +10% 11th consecutive annual dividend increase Share repurchases, $155 New payment subject to shareholder approval at Amdocs annual meeting in ~$1.1B of aggregate share repurchase (1) February 2024 free cash flow (FCF) outlook authorization remaining as of September 30 of in FY2024, equating to ~100% (1)(3)(4)(5) cash conversion Normalized FCF : Four-year historical trend and FY2024E outlook 140% (2) free cash flow yield 102% 101% ~100% 88% (1)(3)(5) % Normalized FCF / 100% (1) Non-GAAP Net Income Expects to return the of free FY2024E cash flow to shareholders in FY2024 104% 100% 99% 96% (1)(3)(5) guidance: % of Normalized FCF return Returned to Shareholders majority 1. Non-GAAP. See appendix tables for reconciliation of normalized FCF 2. Yield = expected reported free cash flow of $750M in FY2024 as a percentage of $869 Amdocs’ market capitalization as of November 7, 2023 (1)(3)(5) Normalized FCF ($M) $750 $718 $665 3. FCF in FY2020, FY2021 and FY2022 is presented on a normalized basis, which mainly $527 excludes net capital expenditures related to the new campus development; normalized FCF disclosure not applicable as of FY2023 (1) (3) (1) (1)(3)(5) (1) 4. Refer to https://investors.amdocs.com/ and earnings reports issued on 11/2/2021 FY2020 FY2021 FY2022 FY2023 FY2024E and 11/8/2022 for reconciliation of normalized FCF in FY2020, FY2021 and FY2022 5. FY2023 excludes $20M non-recurring restructuring payments (Guidance) Information Security Level 0– Public© 2022 – Proprietary & Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 23 23 Confidential Information of Amdocs

Revenue Growth (2) YoY% Growth Constant Currency (1) (2) FY21 and FY22 revenue is pro forma constant currency 5.2% 10.3% Expect 3.2% midpoint of (2) 7.7% Revenue growth of in FY2024E, 7.0% 1.2%-5.2% roughly half of which is organic YoY outlook Revenue growth of as reported, 2.4% 1.2% including an unfavorable foreign currency impact ~20 basis points (2) (2) (2) (1)(2) (1)(2) FY2020 FY2021 FY2022 FY2023 FY2024E ✓ Expect stronger fiscal second half in FY2024E based on plan of execution for deals already in 12-month backlog, plus new opportunities anticipated to convert to signed deals and revenue this fiscal year ✓ Double-digit cloud revenue growth expected in FY2024E 1. Pro forma metrics exclude the financial impact of OpenMarket (which was divested on December 31, 2020) from fiscal year 2021. ✓ Assumes no material change in current macro-economic backdrop 2. Constant currency. Assumes exchange rates in the current period were unchanged from the prior period ✓ Assume revenue headwind of roughly 3% attributable to reduced customer investments in legacy system enhancements, among other factors Information Security Level 0– Public© 2022 – Proprietary & Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 24 24 Confidential Information of Amdocs

(1) (2) Quarterly Non-GAAP Operating Margin: FY2018 – FY2024E $ Millions (1) FY2024E Non-GAAP Operating margin target range: 18.1%-18.7%, +60bps vs prior range 18.7% 18.1% (1) Non-GAAP operating margins from FY2020 to 17.8% FY2023 17.8% 17.5% 17.6% Expects profitability 17.5% in FY2024E, led by 17.2% 17.3% 17.3% , and 17.2% future expected -related benefits of new target range is 16.5% (1) than actual non-GAAP operating margin of 17.8% in FY2023 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024E 1. Non-GAAP. See reconciliation tables in appendix 2. Refer to https://investors.amdocs.com/ and earnings reports issued on 11/8/2018, Guidance Range Non-GAAP Operating Margin 11/12/19, 11/10/20, 11/2/2021 and 11/8/2022 for reconciliation of non-GAAP operating margin in FY2018, FY2019, FY2020, FY2021 and FY2022 Information Security Level 0– Public© 2022 – Proprietary & Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 25 25 Confidential Information of Amdocs

(3)(4) Total Shareholder Return (2) Non-GAAP Diluted EPS Growth YoY % + Dividend Yield th 4 consecutive year (1) FY21 and FY22 non-GAAP EPS growth is presented pro forma of double-digit expected total shareholder returns* 14.1% 13.6% 11.7% Targeting non-GAAP EPS growth of in 12.0% FY2024E, the of which is expected 12.1% Expect 10% 11.5% to mark the year of midpoint of growth 9.8% 8%-12% 8.0% YoY outlook 5.3% Targeting expected total (3) shareholder returns for the running in FY2024E 3.0% 2.3% 2.3% 2.1% 2.0% 1.9% 1. Pro forma metrics exclude the financial impact of OpenMarket (which was (1) (1) divested on December 31, 2020) from fiscal year 2021. FY2020 FY2021 FY2022 FY2023 FY2024E 2. Non-GAAP. See reconciliation tables in appendix Non-GAAP Diluted EPS Growth Dividend Yield Total Shareholder Return 3. Expected total shareholder return assumes Non-GAAP EPS growth plus dividend yield (based on fiscal year end closing share price); FY2024E assumed 10% midpoint of non-GAAP EPS outlook, and dividend yield based on proposed new quarterly rate of $0.479 as of share price on 11/7/23 (2) *Non-GAAP EPS growth of 10.0%, plus ~2.3% dividend yield 4. Refer to https://investors.amdocs.com/ and earnings reports issued on 11/10/2020, 11/2/2021 and 11/8/2022 for non-GAAP reconciliation in FY2019, FY2020, FY2021 and FY2022 Information Security Level 0– Public© 2022 – Proprietary & Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 26 26 Confidential Information of Amdocs

Committed to ESG Published 2022 - 2023 Climate commitment Announced our path to carbon neutrality for Corporate Social scope 1 and 2 emissions by 2040 Responsibility & ESG report Held second annual ESG webinar for analysts and investors presenting our CSR report, focusing on employee centricity, product sustainability, social impact, climate Supporting our employees and action, governance etc. families in Israel following October 7: • Donated to mental and physical health care organizations and Digital inclusion activities: communities in Israel’s south • Launched program to support over 1,000 women • Many Amdocs employees through digital and financial inclusion in Mexico volunteered their time to support • Recognized Hispanic Heritage Month, celebrating evacuated families, local farmers, Latino communities in North America and other initiatives

Q&A

Q1 Fiscal 2024 Outlook $1,225 - $1,265 million Revenue GAAP EPS $1.18 - $1.26 (1) Non-GAAP EPS $1.53 - $1.59 Share Count 118 million Within annual target Effective Tax Rate (1) Non-GAAP range of 13.0%-17.0% Full Year Fiscal 2024 Outlook Firmly positioned to deliver Revenue growth 1.0% - 5.0% double-digit expected total As reported shareholder returns for the Revenue growth 1.2% - 5.2% (2) Constant currency fourth year running GAAP EPS growth 11.0% - 18.0% (1) Non-GAAP EPS growth 8.0% - 12.0% Operating Margin 1. Non-GAAP. See reconciliation tables in appendix 18.1% - 18.7% (1) Non-GAAP 2. Constant currency. Assumes exchange rates in the current period were unchanged from the prior period Effective Tax Rate 13.0% - 17.0% (1) Non-GAAP (1) Free cash flow $750 million Information Security Level 0– Public© 2022 – Proprietary & Information Security Level 0 – Public. © 2022 – Proprietary & Confidential Information of Amdocs 29 29 Confidential Information of Amdocs

Appendix Reconciliation Tables

(a) The amounts under Purchase of property and equipment, net” include proceeds from sale of property and equipment of $442 and $521 for the Fiscal years ended September 30, 2023 and 2022, respectively (b) Since Q12023, the Normalized Free Cash Flow is no longer applicable. Information Security Level 0– Public© 2022 – Proprietary & Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 31 31 Confidential Information of Amdocs

Information Security Level 0– Public© 2022 – Proprietary & Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 32 32 Confidential Information of Amdocs

Information Security Level 0– Public© 2022 – Proprietary & Information Security Level 0 – Public. © 2023 – Proprietary & Confidential Information of Amdocs 33 33 Confidential Information of Amdocs

Thank you!