Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Q4 2009 Earnings Presentation
17 slides from Fidelity National Information Services's earnings presentation, Feb 5, 2010
Slide 1: Fourth Quarter 2009 Earnings Call Supplemental Materials
Fourth Quarter 2009 Earnings Call Supplemental Materials
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains statements related to FIS' future plans and expectations and, as such, constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and
Slide 3: Use of Non-GAAP Measures
Use of Non-GAAP Measures Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparatio
Slide 4: Pro Forma Highlights - 4th Quarter 2009
Pro Forma Highlights - 4th Quarter 2009 Adjusted revenue of $1.316 billion, up 2.7% 0.4% increase in constant currency Adjusted EBITDA margin of 29.5%, up 240 bps Adjusted EPS of $0.44 Adjusted free cash flow of $237 million 4
Slide 5: Consolidated Results
Consolidated Results(1) ($ millions) 5 Pro forma revenue increased 2.7% Constant currency revenue increased 0.4% Modest improvement in software sales offset by lower termination fees Adjusted EBITDA increased 11.5% Adjusted margin expanded 240 bps to 29.5% Achievement of targeted synergies Favorable
Slide 6: Financial Solutions
Financial Solutions(1) ($ millions) 6 Financial Solutions revenue decreased 1.3% Software sales increased 27% ($5 million) Professional services declined 20% ($15 million) Adjusted EBITDA increased 0.6% Adjusted margin expanded 80 bps to 43.7% Achievement of targeted synergies Prior year results ref
Slide 7: Payment Solutions
Payment Solutions(1) ($ millions) 7 Payment Solutions revenue decreased 1.0% Comparable to prior year excluding $7 million reduction in termination fees Debit transactions increased 13.6% Credit transactions increased 3.6% Adjusted EBITDA increased 0.3% Adjusted margin expanded 50 bps to 34.8% Attai
Slide 8: International Solutions
International Solutions(1) ($ millions) 8 Reported revenue increased 24.0% $29 million favorable currency impact Constant currency revenue increased 8.4% 6.4% growth in financial solutions 9.7% growth in payment solutions Adjusted EBITDA increased 90.2% $5 million favorable currency impact Constant
Slide 9: Results Summary
Results Summary(1) ($ millions) 9 Reflects FIS on a stand-alone basis for the first nine months of 2009. Note: Calculations may differ due to rounding
Slide 10: Cash Flows
Cash Flows(1) ($ millions) 10 Strong earnings Disciplined working capital management Targeted capital investment Reflects FIS on a stand-alone basis for the first nine months of 2009. Note: Calculations may differ due to rounding
Slide 11: Projected 2010 Net Interest Expense
Projected 2010 Net Interest Expense 11 $3.3 billion debt outstanding 12/31/09 3.6% effective interest rate at 12/31/09 Projected $90 - $100 million in 2010 net interest expense Interest swap detail(1) $200 million step-down on 2/2 at 7.12% $850 million maturing on 4/11 at 5.8% Replaced with forward
Slide 12: 2010 Outlook
2010 Outlook 12 Revenue Growth: Constant Currency +1% - 3% Reported +2% - 4% Adjusted EBITDA margin expansion > 300 bps Adjusted EPS $1.91 - $2.01 +17% - 23% growth versus $1.63 in 2009 Adjusted free cash flow > $750 million Refer to appendix for additional assumptions.
Slide 13: Appendix
FEBRUARY 4, 2010 ff, % / —\ Fourth Quarter 2 a . EARNINGS. CALL « tal Mater . Supplemen n a i LL, Appendix
Slide 14: Consolidated Results Summary
Consolidated Results Summary ($ millions) 14 Note: Calculations may differ due to rounding.
Slide 15: International Solutions 2010 Foreign Currency Exchange Rates
Note: Calculations may differ due to rounding. International Solutions 15 2010 Foreign Currency Exchange Rates 2010 Foreign Currency Exchange Rates LC/$ Budget Euro 1.48 Brazil 0.57 UK 1.65
Slide 16: Total Debt
Total Debt ($ millions) 16 Note: Calculations may differ due to rounding. Weighted Avg Rate at 12/31/09 3.6% Fixed to Floating Ratio 78%
Slide 17: 2010 Outlook Assumptions
2010 Outlook Assumptions ($ millions) 17 Pre-tax acquisition related purchase amortization $250 - $255 After-tax $160 - $165 Other depreciation and amortization $365 - $380 In-year synergies realized ~ $150 Interest expense, net $90 - $100 Effective tax rate 36% Average diluted shares ~ 378 million
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