Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — 2010 Citi Technology Conference
27 slides from Fidelity National Information Services's conference presentation, Sep 7, 2010
Slide 1: 2010 Citi Technology Conference
2010 Citi Technology Conference September 7, 2010
Slide 2: 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 3: 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 contra
Slide 4: Broad Global Presence
Broad Global Presence 5 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 5: Significant Recurring and Contractual Revenue
Significant Recurring and Contractual Revenue 6 Processing and Maintenance 85% Professional Services 10% Other 5% Long-term outsourcing contracts Account based Transaction based Monthly maintenance Consulting services Implementation services Software 3% Equipment 1% Termination Fees 1% Predictabilit
Slide 6: Broad and Diverse Client Base
Broad and Diverse Client Base 7 Healthcare Government Commercial Approximately 7,000 debit, credit and prepaid card issuers 2,600 core processing customers, including > 300 outside the U.S. Relationships with 40 of the top 50 global banks, including 9 of the top 10 More than 14,000 financial institu
Slide 7: Financial Solutions Group $1.8 Billion 2009 Pro Forma Revenue
Financial Solutions Group 8 $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 Bankin
Slide 8: Payment Solutions Group: Substantial Breadth and Scale
Substantial Breadth and Scale Payment Solutions Group 9 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 P
Slide 9: International Solutions Group $0.8 Billion 2009 Pro Forma Revenue
International Solutions Group 10 $0.8 Billion 2009 Pro Forma Revenue Core Banking Payment Switch Credit Card Origination BPO Services Core Banking Credit Card Payment Switch Prepaid Merchants Commercial Lending Latin America and Brazil 40% of Revenue EMEA 46% of Revenue Asia 9% of Revenue Core Banki
Slide 10: Brazil Summary
Brazil Summary 11 Announced modified MOU and ten-year services agreement with Banco Bradesco Working to complete conversion of Bradesco's bankcard portfolio during 4th Quarter Originally scheduled to convert 1st Quarter 2010 Recommitment to joint venture by Bradesco FIS maintains 51% ownership Brade
Slide 11: Financial Overview
t, —— a > mi), ern —_ 3 Financial Overview His
Slide 12: Strong Execution
Strong Execution 13 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 1st half 2010 operating results 2nd half ramp steeper than 1
Slide 13: Solid Financial Performance
Solid Financial Performance 14 Refer to appendix for reconciliation of non-GAAP measures to related GAAP measures.
Slide 14: 2010 Outlook
2010 Outlook Full Year Outlook 2/4/2010 Post Recap 3rd Quarter Revenue growth: Constant Currency +1% to 3% +1% to 3% Reported +2% to 4% +2% to 4% Adjusted EBITDA Margin Expansion > 300 bps > 300 bps Interest Expense, Net (pre-tax) $90-$100 million ~$180 million _~$60- $65 million Adjusted EPS $1.91
Slide 15: Financial Policy
Financial Policy | D Reduce Outstanding Debt Fund Organic Growth Opportunities Maintain Current Dividend Maintain Financial Flexibility FIs
Slide 16: Appendix
Appendix a &, —_— 3 His
Slide 17: Recapitalization and Share Repurchase
Recapitalization and Share Repurchase 18 Completed $2.5 billion modified "Dutch Auction" 8/9/2010 Repurchased 86.2 million shares at $29 per share 171.5 million shares tendered 50.12% proration factor 299.8 million basic shares outstanding post tender 13.6 million shares remaining under 2/4/2010 aut
Slide 18: Debt Summary
Total Debt ($ millions) 19 Debt Summary Note: Mandatory quarterly debt payments of $63 million for Q3-10, $65 million beginning Q4-10 through Q3-11 and $54 million for Q4-11
Slide 19: Revenue Composition by Segment
Revenue Composition by Segment 20 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 20: GAAP to Non-GAAP Reconciliation Three Months Ended June 30, 2010
GAAP TO NON-GAAP RECONCILIATION Three Months Ended June 30, 2010 (In millions, except per share data) 21 M&A GAAP Restructuring Acquisition Non-GAAP Three Months Integration & Deferred Purchase Three Months Ended Recapitalization Revenue Price Ended June 30, 2010 Costs (1) Adjustments (2) Subtotal A
Slide 21: GAAP to Non-GAAP Reconciliation Three Months Ended June 30, 2009
GAAP TO NON-GAAP RECONCILIATION Three Months Ended June 30, 2009 (In millions, except per share data) 22 M&A GAAP Restructuring Non-GAAP Three Months And Purchase Three Months Ended Integration Price Ended June 30, 2009 Costs (1) Subtotal Amortization (3) June 30, 2009 (Unaudited) (Unaudited) Proces
Slide 22: Notes to GAAP to Non-GAAP Reconciliation
Notes to GAAP to Non-GAAP Reconciliation For the Three Month Periods ended June 30, 2010 and 2009 23 Notes to Unaudited - Supplemental GAAP to Non-GAAP Reconciliation for the Three Notes to Unaudited - Supplemental GAAP to Non-GAAP Reconciliation for the Three Notes to Unaudited - Supplemental GAAP
Slide 23: Supplemental Non-GAAP Financial Information Three Months Ended June 30, 2010
SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION Three Months Ended June 30, 2010 (In millions) 24 Three months ended June 30,2010 Three months ended June 30,2010 Three months ended June 30,2010 Three months ended June 30,2010 Three months ended June 30,2010 Three months ended June 30,2010 Three months e
Slide 24: Supplemental Non-GAAP Financial Information Three Months Ended June 30, 2009
SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION Three Months Ended June 30, 2009 (In millions) 25 Three months ended June 30,2009 Three months ended June 30,2009 Three months ended June 30,2009 Three months ended June 30,2009 Three months ended June 30,2009 Three months ended June 30,2009 Three months e
Slide 25: Reconciliation of Cash Flow Measures
RECONCILIATION OF CASH FLOW MEASURES Three Months Ended June 30, 2010 (In millions) 26 Three months ended June 30,2010 Three months ended June 30,2010 Three months ended June 30,2010 Three months ended June 30,2010 Three months ended June 30,2010 GAAP Adj Adjusted Cash flows from operating activitie
Slide 26: Supplemental Non-GAAP Financial Information Twelve Months Ended December 31, 2009
SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION Twelve Months Ended December 31, 2009 (In millions) 27 Twelve Months Ended December 31, 2009 Twelve Months Ended December 31, 2009 Twelve Months Ended December 31, 2009 Twelve Months Ended December 31, 2009 Twelve Months Ended December 31, 2009 Twelve Mont
Slide 27: Slide 27
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