Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Deutsche Bank 2010 FinTech Senior Executive Forum
33 slides from Fidelity National Information Services's conference presentation, Nov 10, 2010
Slide 1: Deutsche Bank 2010 FinTech Senior Executive Forum
Deutsche Bank 2010 FinTech Senior Executive Forum November 10, 2010
Slide 2: Forward Looking Statements and Additional Information
Forward Looking Statements and Additional Information 2 This presentation contains "forward-looking statements" within the meaning of the U.S. federal securities laws. Statements that are not historical facts, including statements about 2010 adjusted revenue, earnings per share, margin expansion and
Slide 3: Use of Non-GAAP and Pro Forma Measures
Use of Non-GAAP and Pro Forma 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 t
Slide 4: FIS: Leading Global Financial Technology Provider
FIS: Leading Global Financial Technology Provider 4 $5 billion in 2009 pro forma revenue and $1.4 billion in 2009 pro forma EBITDA $13 billion enterprise value More than 14,000 client relationships in over 100 countries 85% recurring revenue Processing and maintenance revenue under long-term contrac
Slide 5: Broad and Diverse Client Base
Broad and Diverse Client Base Multiple Market Segments Significant Global Presence EMEA 49% Latin America and Brazil 36% Asia Pacific 15% Non-FI 17% Community Institutions (< $5B) 30% Mid-Tier U.S. Institutions ($5B - $30B) 21% Top-Tier U.S. Institutions (> $30B) 17% International 15% Broad Customer
Slide 6: Broad Global Presence
Broad Global Presence 6 More than 14,000 client relationships in over 100 countries Established operations in more than 27 countries 31,000 employees strong Milwaukee, WI Little Rock, AR Jacksonville, FL Orlando, FL London Birmingham, England Munich, Germany Sao Paulo, Brazil Melbourne, Australia Mu
Slide 7: Executive Management Team
Frank R. Martire, President and Chief Executive Officer Joined Metavante in 2003 10 years, Fiserv: President and COO, Financial Institutions Systems and Services Group 10 years, Citigroup Information Resources: Chairman and CEO Gary Norcross, Chief Operating Officer Joined FIS in 1988 12 years, ALLT
Slide 8: Brazil Joint Venture
Brazil Joint Venture 8 Recommitment to joint venture by Banco Bradesco FIS maintains controlling ownership Announced modified MOU and ten-year services agreement with Bradesco Completed conversion of Bradesco's 14 million bankcard portfolio on October 2
Slide 9: Capco Overview
Capco Overview Announced plans to acquire Capco, a global business and technology consulting firm Dedicated solely to financial services industry Well regarded for thought leadership, deep domain expertise and client-centric approach Positions FIS to further expand footprint across large U.S. and gl
Slide 10: Strong Execution
Strong Execution 10 Competing well in the marketplace Delivering on synergy cost savings Significant progress with Brazil joint venture Completed $2.5 billion leverage recapitalization and repurchase Competing well in the marketplace Solid year-to-date 2010 operating results Improving revenue growth
Slide 11: Operating Model and Financial Overview
Operating Model and Financial Overview
Slide 12: Robust Operating Model
Robust Operating Model 12 Processing and Maintenance 85% Professional Services 10% Other 5% Model is Enhanced by High Recurring Revenue and Diverse Markets Served Note: Reflects FIS and Metavante pro forma 2009 revenue Significant Recurring and Contractual Revenue Multiple Market Segments Non-FI 17%
Slide 13: Financial Solutions Group
Financial Solutions Group 13 $1.8 Billion 2009 Pro Forma Revenue Deposit and Loan Account Processing Accounting and General Ledger Data Access and Integration Account Origination Lending Solutions Trust and Wealth Management Risk and Regulatory Compliance Branch Platforms Online Banking Mobile Banki
Slide 14: Payment Solutions Group: Substantial Breadth and Scale
Substantial Breadth and Scale Payment Solutions Group 14 Issuer Card Processing Bill Payment Prepaid Card Processing Network Solutions Electronic Funds Transfer Automated Clearing House Debit/EFT/ ePayment Issuer Card Processing Loyalty Programs Fraud Services Credit Check Verification and Warranty
Slide 15: International Solutions Group
International Solutions Group 15 $0.7 Billion 2009 Pro Forma Revenue Core Banking Payment Switch Credit Card Origination Core Banking Credit Card Payment Switch Prepaid Merchants Commercial Lending Latin America and Brazil 36% of Revenue EMEA 49% of Revenue Asia Pacific 15% of Revenue Core Banking C
Slide 16: Capco Overview: Strategic Rationale and Financial Summary
Capco Overview 16 Positions FIS to further expand footprint across large U.S. and global financial institutions Provides strategic extension of core and payment processing solutions Strengthens consulting services capabilities Supports domestic and international growth strategy Strategic Rationale F
Slide 17: Capco Footprint
Capco Footprint 17 Significant Non-U.S. Presence Exclusive Focus on Financial Services Banking Capital Markets Wealth and Investment Management Finance, Risk and Compliance Outside North America North America 45% 55%
Slide 18: Capco Partnerships
Capco Partnerships Capco serves leading financial institutions across global markets Amsterdam - Antwerp - Bangalore - Chicago - Frankfurt - Geneva - Zurich - London - Luxembourg - Mumbai - New York - Paris - Pune - San Francisco - Toronto - Washington DC 18
Slide 19: Solid Financial Performance
Solid Financial Performance 19 Refer to appendix for reconciliation of non-GAAP measures to related GAAP measures.
Slide 20: 2010 Outlook
2010 Outlook 20 Assumes 36% full year tax rate Anticipated 307 million diluted shares in Q4.
Slide 21: Recapitalization and Share Repurchase
Recapitalization and Share Repurchase 21 Completed $2.5 billion modified "Dutch Auction" 8/9/2010 Repurchased 86.2 million shares at $29 per share 13.6 million shares remaining under 2/4/2010 authorization
Slide 22: Financial Policy
Financial Policy 22 Reduce Outstanding Debt Fund Organic Growth Opportunities Maintain Current Dividend Maintain Financial Flexibility
Slide 23: Appendix
a cc a ; Appendix His
Slide 24: Total Debt / Debt Summary
Total Debt ($ millions) 24 Debt Summary Note: Mandatory quarterly debt payments of $65 million beginning Q4-10 through Q3-11 and $54 million for Q4-11
Slide 25: Revenue Composition by Segment
Revenue Composition by Segment 25 Financial Solutions Payment Solutions International Solutions Other 7% Processing and Maintenance 78% Professional Services 15% Processing and Maintenance 92% Other 3% Professional Services 5% Processing and Maintenance 85% Other 5% Professional Services 10% Revenue
Slide 26: GAAP to Non-GAAP Reconciliation: Three Months Ended September 30, 2010
GAAP TO NON-GAAP RECONCILIATION Three Months Ended September 30, 2010 (In millions, except per share data) 26 26
Slide 27: GAAP to Non-GAAP Reconciliation: Twelve Months Ended December 31, 2009
GAAP TO NON-GAAP RECONCILIATION Twelve Months Ended December 31, 2009 (In millions, except per share data) 27 27
Slide 28: Supplemental Non-GAAP Financial Information: Three Months Ended September 30
SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION Three Months Ended September 30, 2010 and 2009 (In millions) 28 28
Slide 29: Supplemental Non-GAAP Financial Information: Nine Months Ended September 30
SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION Nine Months Ended September 30, 2010 and 2009 (In millions) 29 29
Slide 30: Supplemental Non-GAAP Financial Information: Three Months Ended December 31, 2009
SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION Three Months Ended December 31, 2009 (In millions) 30 30
Slide 31: Supplemental Non-GAAP Financial Information: Twelve Months Ended December 31, 2009
SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION Twelve Months Ended December 31, 2009 (In millions) 31 31
Slide 32: Reconciliation of Cash Flow Measures
RECONCILIATION OF CASH FLOW MEASURES Three Months and Nine Months Ended September 30, 2010 (In millions) 32 Three months ended September 30,2010 Three months ended September 30,2010 Three months ended September 30,2010 Three months ended September 30,2010 Three months ended September 30,2010 Nine mo
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