First Advantage Corporation · NASDAQ:FA
First Advantage — Adams Harkness 25th Annual Summer Seminar (August 2005)
30 slides from First Advantage's conference presentation, Aug 4, 2005
Slide 1: Adams Harkness 25th Annual Summer Seminar
Exhibit 99.1 Exhibit Harkness Adams 99.1 25th Annual Summer Seminar
Slide 2: Safe Harbor Statement
Safe Certain larger performance among of Advantage’s filed forward-looking 2 First Harbor with acquisitions, both Advantage’s statements thecompanies’ Statement ability of Securities the statements. statements made and real toClass identify 2005 estate and significant inAthis to Exchange Factors com
Slide 3: Agenda
Company Overview Reporting Segments Marketplace Fundamentals Growth Acceleration Initiatives Strategic Positioning Financial Performance Summary Agenda 3
Slide 4: Company Overview
Company A Formed 67% -TSO: Ranked 4 Class leading owned 23.8 Aamong via Common provider Overview million reverse by The topshares of three (tradable): merger First riskin American mitigation and major 7.8 publicly business million Corporation andlisted business shares lines in(NYSE: Over -June Class
Slide 5: Enterprise Screening Background Verifications
Enterprise Background Occupational -Fingerprinting Employment Third 4,000+ 4.5 Service Over Industry Criminal Employment Education Motor Credit Plus Drug Physical Employee Majority million 80 18,000 testing largest history vehicle clients various hundreds leading exams ownership Screening records ve
Slide 6: Enterprise Hiring Location Services
Enterprise Hiring Location -Sales Employment 6 Audit Administrative Work Welfare Tax Training 3 million State Federal Renewal Hiring Reverse Sales Utility law &hiring Related & opportunity management, Use & studies Based empowerment to use research audits & community Screening employment work Tax ec
Slide 7: Enterprise Resident Screening and Property Tax Services
Enterprise Resident Property -Renter’s Employment 7 Analysis Largest Proprietary 34+ 140+ Markets million million Insurance Performance Screening provider renters of Screening databases financial Screening eviction criminal insurance of resident Analytics records performance provide records Services
Slide 8: Risk Mitigation Services
Risk Investigative Motor -Transportation Fleet Develop 8 Auto A Second 13 Over Insurance Employment Lawyers Leading 80% proprietary million Mitigation Management of Vehicle Dealers 7,500 strategies leading largest provider &Agents Companies MVRs Private clients Services Record Screening Services Cre
Slide 9: Risk Mitigation - Investigative Services
Risk Transportation -Investigative 9 Nationwide Surveillance Background Statements Education Mitigation &&Services investigative investigations –training Services field Comprehensive interviews Intelligence – Continued firm – Obtain –specializing daily Written &education Technology up-to-date activi
Slide 10: Risk Mitigation - Investigative and Intelligence Services
Risk Transportation Investigative -Intelligence 10 500+ Clients Due Computer Electronic Corporate Data Provide Leading Mitigation Diligence Recovery clients consists the computer Investigations Forensics Data &Services financial nationwide Technology Services Reports Services Discovery of forensic t
Slide 11: Risk Mitigation - Supply Chain Security Services
Risk Mitigation Transportation Investigative Intelligence Supply Provides Recommend Assists 11 Chain with financial &carrier solutions Services Security Technology Services analysis selection, that Services combine Services thatcargo quantifies routing, insurance cargo loss and exposure liability se
Slide 12: Consumer Direct Services
US million 5+ Consumer 12 Search.com Direct Services unique visitors monthly 1.2 million customer database 180 million site page views per year
Slide 13: Marketplace Fundamentals
Marketplace Human Homeland Multi-Family Other Transportation 13 Markets Resources Security Fundamentals Housing Finance/Accounting Litigation Insurance Consumer
Slide 14: Growth Acceleration Initiatives: Acquisitions
Growth Enterprise 2005 2004 2003 27 Reverse First Employee SafeRent Agency HireCheck Omega Credential Greystone Compunet BackTrack CoreFacts, MVR’s Quantitative Realeum, U.D. Infocheck Data Quest Priderock Itax Credit PENDING 14 ACQUISITIONS Group, American Recovery Registry, Research Information In
Slide 15: Strategic Positioning: Five Point Growth Strategy
Strategic Five Acquire Cross-Sell Pursue Expand 15 Point Vertical Overseas for Positioning Growth Services Scale/ Product Markets Margin Strategy: Expansion
Slide 16: Acquire for Product Expansion: Existing Lines
Strategic Five Acquire Improvement Employment 16 Point for Positioning Growth Scale/ Background in Existing Margin Strategy: Business Verifications LinesResident Screening Tax Credits and Incentives Surveillance Computer Forensics
Slide 17: Acquire for Product Expansion: Potential Products
Strategic Five Acquire Potential Applicant 17 Point for Positioning Product Tracking Growth Product Expansion Strategy: Skills Expansion Assessment Psychological Testing Payroll Benefits Administration Biometrics Electronic Discovery Boutique Databases
Slide 18: Cross-Sell Services
Strategic Five Cross-Sell Implement 18 PointPositioning Growth Services Initiatives and BuildStrategy: First Advantage Brand Initiate Cross-Sell Programs
Slide 19: Pursue Vertical Markets
Strategic Five Pursue Verticals Government 19 Point Vertical of Positioning Growth Interest Multifamily Markets Strategy: Retail Hospitality Transportation Healthcare Insurance
Slide 20: Expand Overseas
Strategic Five Expand Geographies Asia 20 Point Europe Overseas Positioning Growth of Interest Strategy:
Slide 21: Strategic Positioning: Pending Acquisition
Strategic March 3 Mortgage Do 1.5 Automotive Direct Credit Sub Proprietary 21Million Business Million Prime to Information Monitoring 22,Consumer Positioning Transactions 2005, Alternative Transactions withFADV 10 /Group Fraud of/Credit Top announced Month / Month Prevention 10Program Lenders > 30 3
Slide 22: Strategic Impact of Acquisition
Strategic Impact Set Pro acquisition 22 to Forma close ofPositioning Strategic 2005 costs in September Revenue related Growth toStrong ofthis Approximately transaction) Balance Sheet $600 $1Million Billionand + Market $100 Million Cap Additional in Pre-Tax Debt Earnings Capacity Pro Forma 2005 EBITD
Slide 23: Financial Performance: Second Quarter Revenue
Financial SECOND Total Net $10.9 $12.3 2Q Service Reimb. Fee TOTAL * 23Total 2004 ‘04 Income Revenue Revenue $71.1 $6.0 after 2Q’05 Government Revenue REVENUE 2Q Performance QUARTER $5.0 $tax 2005 $10,887,000 $4.0 impact $58,032,000 $58.0 $3.2 $68,919,000 Millions $3.0 2005 $5.1* of $2.0 CIG $12,253
Slide 24: Financial Performance: Second Quarter EBITDA and EPS
Financial SECOND EPS EBITDA In $0.00 10.0 2Q Operating 4.8% 9.5% * 24Total Millions 2004 Fully 8.0after 6.0 2Q Performance Margin QUARTER Diluted $16.0 4.0 tax 20052.0 impact $14.0 $0.30 $9.2 0.02005 $6.0* of $12.0 $0.25 CIG$8.5 $10.0 $0.20 acquisition $0.15 $8.0 $0.15$0.21* $6.0 costs, $0.10 $4.0 $
Slide 25: Financial Segment Data - Second Quarter
Financial SEGMENT ($ Enterprise Risk Consumer Corporate Eliminations Total 25 000’s) Mitigation $71,113 Service Performance & Screening Direct DATA—SECOND (691) $3,375 13,078 Revenue 3,703 (10,360) $55,023 4.75% 2,649 370Income 9.99% N/A 20.26% $10,716 QUARTER (Loss) 19.48% Before 2005 Taxes Operati
Slide 26: Financial Performance: Full Year Revenue
Financial FULL Total Net -$25.0 $27.9 $31.6 $44.6 2002 Service Reimb. Fee TOTAL 26 Income Revenue 2003 Revenue $134.9 $221.9 $12.0 YEAR Government Revenue REVENUE Performance 2004 $$10.0 $27,885,000 2004 Millions $73.0 $2.7 $73,040,000 $8.0 $100,925,000 $2.8 $$6.0 Millions $31,585,000 $10.7 $4.0 $13
Slide 27: Financial Performance: Full Year EBITDA and EPS
Financial FULL In $50.0 $0.50 EBITDA EPS $0.14 10.0 Operating 2003 8.3% 3.6% 27 Millions Fully 8.0 2004 $40.0 $0.40 $0.48 YEAR 6.0 Performance Margin Diluted $13.4 $30.0 $0.30 4.0 2004 2.0 $33.3 $20.0 $0.20 0.0 $0.10 $10.0 $0.00 $0.0
Slide 28: Financial Segment Data - Full Year 2004
Financial ($ Screening Corporate Eliminations Total SEGMENT 2004 Risk Consumer Enterprise 76% 5% 19% 28 000’s) Mitigation Service $221,938 Service Performance $170,095 & Screening Direct DATA (2,450) Revenue $18,443 41,419 Revenue 12,874 FULL $23,296 (12,155) By 7,438 8.31% (136) YEAR Segment Income
Slide 29: Significant Summary
Significant Summary Continued Anticipated Leader Improving management 29 in all security operational future improvement business with opportunities proven concerns lines efficiency expertise in employment for asgrowth in consolidation consolidation Numerous and expansion process strategies acquisiti
Slide 30: Adams Harkness 25th Annual Summer Seminar
Adams Harkness 25th Annual Summer Seminar
First Advantage — Adams Harkness 25th Annual Summer Seminar (August 2005) on 6ix