IQVIA Holdings, Inc. · NYSE:IQV
IQVIA — Quintiles — Q2 2013 Earnings Presentation
15 slides from IQVIA's earnings presentation, Aug 1, 2013
Slide 1: Second Quarter 2013 Earnings Call
Second Quarter 2013 Earnings Call August 1, 2013 Copyright © 2013 Quintiles
Slide 2: Forward Looking Statements and Use of Non-GAAP Financial Measures
Forward Looking Statements and Use of Non-GAAP Financial Measures This presentation contains forward-looking statements that reflect, among other things, the Company’s current expectations and anticipated results of operations, all of which are subject to known and unknown risks, uncertainties and o
Slide 3: Second Quarter 2013 Overview
Second Quarter 2013 Overview Continue to execute on strategy •Our strategy and diversity of our business continue to differentiate Quintiles •Operational delivery excellence will enable us to drive profitable growth • We are focused on bringing a strong value proposition to our customers New busin
Slide 4: Financial Statement Highlights and Other Metrics
Financial Statement Highlights and Other Metrics Three Months Ended June 30 Six Months Ended June 30 (millions of dollars) 2013 2012 % Change 2013 2012 % Change Net New Business $ 1,014.0 $ 900.0 13.0% $ 2,259.0 $ 1,952.0 16.0% Service Revenues $ 944.2 $ 944.9 -0.1% $ 1,871.7 $ 1,832.9 2.1% Adjusted
Slide 5: Segment Performance
Segment Performance Service Revenues and Income from Operations Product Development Integrated Healthcare Services $724.2 $692.1 800 Three Months Ended 450 $ Millions $ Millions 600 375 June 30 $220.0 $252.8 300 400 225 $136.1 $119.2 150 $12.5 $20.2 200 75 0 0 2013 2012 2013 2012 Actual Growth 4.6%
Slide 6: 2013 Guidance
2013 Guidance Service Revenues range of $3.76 billion to $3.81billion • 3.8% to 5.2% year over year constant currency growth Diluted Adjusted Earnings per share range of $1.95 to $2.05 • 10.2% to 15.8% year over year growth range at forecasted rates Annual Effective Income Tax Rate in the range of 3
Slide 7: Summary
Summary 1• Strong half year performance 16% net new business growth 4.2% constant currency service revenues growth 11.6% growth in adjusted net income 2• Continue to execute operational Increase market penetration with profitable strategy growth Leverage scientific knowledge and clinical e
Slide 8: Supplemental Information
Supplemental Information Constant Currency Reconciliation Contractual Revenue Currency Mix and Foreign Exchange Analysis Income Statement Non-GAAP Reconciliation Adjusted Net Income and EPS Reconciliation Adjusted EBITDA Reconciliation Non-GAAP 2013 Guidance Reconciliation 8
Slide 9: Constant Currency Reconciliation Service Revenues and Income from Operations
Constant Currency Reconciliation Service Revenues and Income from Operations (millions of dollars) Three Months Ended June 30, 2013 Year on Year Growth Exchange Exchange Consolidated Actual Impact Constant Actual Impact Constant Service Revenues $ 944.2 $ (21.8) $ 966.0 -0.1% -2.3% 2.2% Income from
Slide 10: Contractual Revenue Currency Mix and Foreign Exchange Analysis
Contractual Revenue Currency Mix and Foreign Exchange Analysis Consolidated Service Revenues (millions of dollars) 1 USD Sterling Euro Yen Other Total 2Q '13 $582.7 $65.1 $161.5 $96.7 $38.3 $944.2 % of total 62% 7% 17% 10% 4% 100% 2Q '12 $577.3 $86.4 $164.6 $116.6 $0.0 $944.9 % of total 61% 9% 17% 1
Slide 11: GAAP – Non-GAAP Reconciliation
Income Statement GAAP – Non-GAAP Reconciliation Selling, Income Net Income Three Months Ended June 30, 2013 General and from Attributable (millions of dollars) Administrative Operations to Quintiles As Reported $ 228.8 $ 94.9 $ 38.5 Adjustments Restructuring Costs - 2.8 2.8 Management Fees (26.4) 26
Slide 12: GAAP – Non-GAAP Reconciliation
Income Statement GAAP – Non-GAAP Reconciliation Selling, Income Net Income Six Months Ended June 30, 2013 General and from Attributable (millions of dollars) Administrative Operations to Quintiles As Reported $ 428.1 $ 210.1 $ 86.8 Adjustments Restructuring Costs - 4.7 4.7 Management Fees (27.7) 27.
Slide 13: Reconciliation of Net Income to Non-GAAP Adjusted Net Income and Diluted Adjusted EPS
Reconciliation of Net Income Attributable to Quintiles to Non-GAAP Adjusted Net Income and Diluted Adjusted EPS Three Months Ended June 30 Six Months Ended June 30 (millions of dollars) 2013 2012 2013 2012 1 1 1 1 EPS EPS EPS EPS Net Income Attributable to Quintiles $ 38.5 $ 0.30 1 $ 47.2 $ 0.40 $ 8
Slide 14: Reconciliation of Net Income to Non-GAAP Adjusted EBITDA
Reconciliation of Net Income Attributable to Quintiles to Non-GAAP Adjusted EBITDA Three Months Ended June 30 Six Months Ended June 30 (millions of dollars) 2013 2012 2013 2012 Net Income Attributable to Quintiles $ 38.5 $ 47.2 $ 86.8 $ 90.5 Income from Noncontrolling Interests (0.1) (0.2) (0.3) (0.
Slide 15: Non-GAAP 2013 Guidance Reconciliation
Non-GAAP 2013 Guidance Reconciliation Non-GAAP Adjusted Diluted Adjusted Net Income Earnings Per Share (millions of dollars) Low High Low High Net income attributable to Quintiles $208 - $220 $1.63 - $1.73 Restructuring costs 15 - 15 0.12 - 0.12 Management fees 28 - 28 0.22 - 0.22 Loss on extinguish