Iqvia Holdings, Inc. · NYSE:IQV

Iqvia — QuintilesIMS — Q1 2017 Earnings Presentation

15 slides from Iqvia's earnings presentation, May 3, 2017

  1. Slide 1: QuintilesIMS Q1 2017 Earnings Call

    QuintilesIMS Q1 2017 Earnings Call May 3, 2017 Copyright © 2016 QuintilesIMS. All rights reserved.

  2. Slide 2: Legal: Safe Harbor Statement

    Legal This presentation should be viewed in conjunction with QuintilesIMS’s Q1 2017 earnings call Safe Harbor Statement This presentation contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Sect

  3. Slide 3: 1st Quarter Results: Assumes Merger Closed 1/1/2016

    1st Quarter Results: Assumes Merger Closed 1/1/2016 $M, except per share data Revenue Adjusted EBITDA (2,3) +3.1% (1) @ CFx +0.8% @ CFx +2.0% (1) @ AFx +1.4% @ AFx $1,917 $6 (1) $1,911 $467 $1,881 $460 Q1 2017 Q1 2016 Q1 2017 Q1 2016 Deferred Revenue Add-back Dollars are at actual foreign exchange r

  4. Slide 4: 1st Quarter Revenue

    1st Quarter Revenue $M Assumes Merger Closed 1/1/16 Quintiles Standalone VPY% VPY% VPY% VPY% Segment 2017 2016 (2) 2016 (3) Afx CFx Afx CFx R&D Solutions $866 $840 3.0% 4.3% $835 3.7% 5.0% Commercial Solutions $854 $843 1.3% 2.4% $75 1,033% 1,045% Integrated $198 $199 (0.9)% (0.2)% $198 0.0% 0.7% En

  5. Slide 5: 1st Quarter 2017 Profit

    1st Quarter 2017 Profit $M, except per share data, at reported FX rates Adjusted EBITDA (1) $467 Adjusted EBITDA Margin 24.4% Net Income $74 Diluted Earnings per Share $0.31 Adjusted Net Income (1) $238 Adjusted Diluted Earnings per Share (1) $1.01 (1) See reconciliations of non-GAAP items in append

  6. Slide 6: Net New Business and Backlog on a Contracted Basis

    Net New Business and Backlog on a Contracted Basis $B, except Book-to-Bill & Backlog Coverage LTM Net New Business $4.08 LTM Book-to-Bill 1.16x LTM Backlog Coverage (1) 2.74x Backlog as of 3/31/2017 $9.66 NTM Backlog Estimated to be Converted to Revenue Approx. $2.9 Dollars are at actual foreign exc

  7. Slide 7: 1st Quarter 2017 Balance Sheet Items & Metrics

    1st Quarter 2017 Balance Sheet Items & Metrics $M, at reported FX rates Cash & Cash Equivalents $862 Principal Balance of Debt (1) $8,383 Gross Leverage Ratio (2) 4.3x Net Leverage Ratio (2) 3.8x Net Cash Provided by Operating Activities $56 Capital Expenditures $78 Free Cash Flow ($22) (1) Excludes

  8. Slide 8: Full-Year 2017 Guidance Update

    Full-Year 2017 Guidance Update $M, except per share data Current Prior (2) Revenue 8,000 – 8,100 8,000 – 8,100 Adjusted EBITDA 2,000 – 2,100 2,000 – 2,100 Adjusted Diluted EPS 4.45 – 4.60 4.40 – 4.55 Adjusted Book Tax Rate (1) ~30% ~30% Adjusted Cash Tax Rate (1) ~16% ~16% Dollars are at actual fore

  9. Slide 9: First-Quarter Summary

    First-Quarter Summary ✓ Financial results in line with or better than guidance ✓ Client traction with Next-Gen CRO offering ✓ Wins with combined RWI offering ✓ Steady commercial performance ✓ Technology strategy progress / Salesforce.com alliance ✓ €1.4 Billion bond offering / term B loan maturity e

  10. Slide 10: QuintilesIMS

    Q) QuintilesIMS”

  11. Slide 11: Appendix

    Q) QuintilesIMS” 10

  12. Slide 12: Net Income to Adjusted EBITDA

    Net Income to Adjusted EBITDA $M, Historical Data for Quintiles Standalone Three Months Ended March 31, 2017 2016 (1) Net Income $ 74 $ 107 Provision for (benefit from) income taxes 12 43 Depreciation and amortization 232 32 Interest expense, net 73 25 (Income) loss in unconsolidated affiliates 1 (3

  13. Slide 13: Net Income to Adjusted EBITDA

    Net Income to Adjusted EBITDA $M, Combined Company as if Merger Closed 1/1/2016 Three Months Ended March 31, 2017 2016 Net Income $ 74 $ 150 Provision for (benefit from) income taxes 12 63 Depreciation and amortization 232 119 Interest expense, net 73 71 (Income) loss in unconsolidated affiliates 1

  14. Slide 14: Net Income to Adjusted Net Income & Per Share Data

    Net Income to Adjusted Net Income & Per Share Data $M, except per share data Three Months Ended March 31, 2017 Net Income $ 74 Provision for (benefit from) income taxes 12 Purchase accounting amortization 177 (Income) loss in unconsolidated affiliates 1 (Income) loss in non-controlling interests 2 D

  15. Slide 15: Leverage Ratios

    Leverage Ratios $M Gross Debt as of March 31, 2017 $ 8,383 Net Debt as of March 31, 2017 $ 7,520 Adjusted EBITDA (1) for the twelve months ended March 31, 2017 $ 1,962 Gross Leverage Ratio (Gross Debt/LTM Adjusted EBITDA) 4.3x Net Leverage Ratio (Net Debt/LTM Adjusted EBITDA) 3.8x (1) LTM Adjusted E

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