Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Investor Day (2015)
78 slides from Fidelity National Information Services's investor day presentation, 2015
Slide 1: 2015 Investor Conference: Empowering the Financial World
Slide 2: Disclosures
Disclosures Forward-looking Statements Our discussions today, including this presentation and any comments made by management, contain forward-looking statements within the meaning of the U.S. federal securities laws. Any statements that refer to future events or circumstances, including our future
Slide 3: Strategic Overview, Markets in Focus, Shareholder Value
STRATEGIC MARKETS SHAREHOLDER OVERVIEW IN FOCUS VALUE Gary Norcross Anthony Jabbour Woody Woodall President and Chief Executive Officer CEVP, Integrated Financial Solutions Chief Financial Officer Rob Heyvaert CEVP, Global Financial Solutions
Slide 4: Strategic Overview: FIS Today
STRATEGIC FIS Today OVERVIEW Gary Norcross Executing Our Strategy President and Chief Executive Officer Operating Evolution Industry Evolution
Slide 5: Why Invest in FIS?
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Why Invest in FIS? MARKET HIGH RECURRING PREDICTABLE STRONG CASH CAPITAL LEADERSHIP REVENUE AND CONSISTENT GENERATION ALLOCATION THAT EPS GROWTH DRIVES VALUE 5
Slide 6: FIS Today: Strong Historical Performance
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE FIS Today: Strong Historical Performance HIGH RECURRING CONSISTENT RETURNING CASH TO REVENUE EPS GROWTH (1) SHAREHOLDERS 09 10 11 12 13 14 09 10 11 12 13 14 09 10 11 12 13 14 (1) Adjusted Refer to www.investor.fisglobal.com or the appendix attach
Slide 7: Our Mission: Empowering the Financial World
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Our Mission: Empowering the Financial World 42,000+ $5.5T MONEY MOVED EMPLOYEES 14,000+ 848M CARDS PROCESSED CLIENTS 750M 28B TRANSACTIONS END CONSUMERS PROCESSED 100+ 31M COUNTRIES MOBILE BANKING USERS Refer to www.investor.fisglobal.com or the
Slide 8: FIS Today: Industry Recognition
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE FIS Today: Industry Recognition FINANCIAL PAYMENTS MOBILE OUTSOURCING WORKPLACE TECHNOLOGY BPO Innovation of the Year Genius Award: Card Conversion Services Best in Class: FIS Mobile Banking for Customer Service, Interface Development and Integra
Slide 9: Delivering Strong Returns
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Delivering Strong Returns FIS has consistently delivered strong returns over the last three years 164% 149% 142% 136% 135% 134% 111% 93% 82% 81% 80% 75% 64% 30% 9% Source: Thomson and Bloomberg; Closing Price as of 12/31/14 9
Slide 10: Strategic Overview: Executing Our Strategy
STRATEGIC FIS Today OVERVIEW Gary Norcross Executing Our Strategy President and Chief Executive Officer Operating Evolution Industry Evolution
Slide 11: Four Point Strategy
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Four Point Strategy 1 Expand client relationships with cross-sell/upsell 2 Build, buy or partner to expand solutions 3 Drive continued leverage and margin expansion 4 Maintain consistent capital allocation discipline 11
Slide 12: Consistent Capital Allocation Principles
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Consistent Capital Allocation Principles Investing for Growth Strong Balance Return Capital to Sheet Shareholders 12
Slide 13: Strategic Overview: Operating Evolution
STRATEGIC FIS Today OVERVIEW Gary Norcross Executing Our Strategy President and Chief Executive Officer Operating Evolution Industry Evolution
Slide 14: Evolution of Strategic Operating Model
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Evolution of Strategic Operating Model Integrated Financial Solutions Integrated Financial Global Financial U.S. financial institutions Solutions Solutions High recurring revenue and margins Comprehensive outsourced solutions Clear peer compariso
Slide 15: Evolution of Strategic Operating Model
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Evolution of Strategic Operating Model Global Financial Solutions Global and international financial institutions Higher growth profile Consulting, intellectual property, services and outsourcing Delivers unique value propositions to largest inst
Slide 16: Evolution of Strategic Operating Model
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Evolution of Strategic Operating Model Integrated Financial Global Financial Solutions Solutions Enterprise Product Organization 16
Slide 17: Evolution of Strategic Operating Model
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Evolution of Strategic Operating Model Integrated Financial Global Financial Solutions Solutions Enterprise Product Organization Technology Infrastructure 17
Slide 18: Evolution of Strategic Operating Model
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Evolution of Strategic Operating Model Integrated Financial Global Financial Solutions Solutions Enterprise Product Organization Technology Infrastructure Risk, Information Security and Compliance 18
Slide 19: Strategic Overview: Industry Evolution
STRATEGIC FIS Today OVERVIEW Gary Norcross Executing Our Strategy President and Chief Executive Officer Operating Evolution Industry Evolution
Slide 20: Rapidly Evolving Industry Creating Opportunity
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Rapidly Evolving Industry Creating Opportunity New Challenges Requiring Transformation De-regulation and Growth Financial Crisis and Recovery • Coping with “new bar” on regulation • Focus on stability and recovery and security • Thrift de-regulat
Slide 21: Disruptive Forces Impacting Financial Services
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Disruptive Forces Impacting Financial Services TECHNOLOGY NEW New entrants into financial services ENTRANTS Bar continues to be raised by regulators CONFLUENCE Consumer expectations continue to evolve MOBILE OF LIFESTYLE FORCES REGULATORY CHANGE
Slide 22: Global IT Spend
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Global IT Spend ($ in billions) TOTAL IT SPEND EXTERNAL IT SPEND CORE SYSTEMS SPEND 28% 29% 28% 37 262 155 29 204 120 2013 2018 2013 2018 2013 2018 Notes: Excludes hardware spend Source: IDC Financial Insights Worldwide Banking IT Spending 2013–2
Slide 23: FIS is Well Positioned for the Opportunity
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE FIS is Well Positioned for the Opportunity Breadth Scale Distribution Outsourcing Consulting 23
Slide 24: Markets in Focus
MARKETS IN FOCUS Anthony Jabbour | Corporate Executive Vice President, Integrated Financial Solutions
Slide 25: Consistent Performance
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Consistent Performance $3.9B 2014 REVENUES 88% RECURRING REVENUES 39.8% EBITDA MARGIN CONTRIBUTED (1) (1) Adjusted Refer to www.investor.fisglobal.com or the appendix attached to this presentation for a description and reconciliation of G
Slide 26: Consistent Performance
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Consistent Performance $3.9B BROAD CUSTOMER BASE 2014 REVENUES 88% LEADERSHIP POSITION IN GROWING MARKETS RECURRING REVENUES OPERATIONAL 39.8% EXCELLENCE AND EBITDA MARGIN FINANCIAL DISCIPLINE CONTRIBUTED (1) (1) Adjusted Refer to www.inv
Slide 27: Consistent Performance: Significant Scale
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Consistent Performance LEADERSHIP MORE IN BANKS $3.9B BROAD CUSTOMER BASE THAN CORE MARKET $1B 2014 REVENUES $5T 88% LEADERSHIP POSITION 38M MONEY MOVED RECURRING IN GROWING MARKETS OUTSOURCED CORE ACCOUNTS 325M REVENUES CARDS OPERATIONAL
Slide 28: Broadest Product Suite
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Solutions and Services BANKING DIGITAL BUSINESS PAYMENT SOLUTIONS SOLUTIONS SOLUTIONS SOLUTIONS • Core Processing • Mobile • Card Personalization • Credit • Regulatory and • Online Banking • Treasury and Cash • Debit Compliance • Mobile W
Slide 29: Client Dynamics
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Client Dynamics 5 YRS CROSS-SELL BIGGEST DRIVER OF SALES • COST OF LIVING ADJUSTMENTS AVERAGE • MINIMUMS CONTRACT • TERM FEES 75% LENGTH OF NEW SALES TO EXISTING CLIENTS TREMENDOUS UNIT RATE DRIVER — ACCOUNTS / TRANSACTIONS WHITE SPACE EA
Slide 30: Small FIs Challenged to Remain Relevant and Keep up With Big Banks
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Market Dynamics: Small FIs Challenged to Remain Relevant and Keep up With Big Banks 85% Bank Efficiency Ratios • Cost of compliance continues to accelerate 80% • Information security escalation 75% • Speed of technology obsolescence 70% •
Slide 31: IT Spend in North America Banking Weighted Towards Larger Banks
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Market Dynamics: IT Spend in North America Banking Segment is Heavily Weighted Towards Larger Banks ($ in billions) IT Spend in Banks IT Spend in Banks <$1 Billion >$1 Billion $67 $55 LEADERSHIP IN CORE MARKET IN BANKS MORE THAN $7 $9 $1B
Slide 32: Financial Institutions Looking to External Providers
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Market Dynamics: Financial Institutions Looking to External Providers to Improve Cost Structures and Remain Relevant ($ in billions) North American External IT Spend $48 $39 88% HIGH RECURRING MARGIN REVENUES SERVICES REVENUE 2013 2018 No
Slide 33: Sterling Savings Bank / Umpqua Bank
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS When Sterling Savings Bank, a long-term FIS client, was acquired by Umpqua Bank, our superior solution set shone through. A technology review for integration resulted in Umpqua converting to FIS. Our scalable platforms will allow the bank
Slide 34: Mid-tier Bank Competing in Major Metropolitan Market
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS FIS enabled a mid-tier bank to compete in a major metropolitan market. They now lead the way through innovative solutions powered by FIS. Client Need: Solution: Result: • De novo bank; highly competitive Chicago market Broad FIS solution
Slide 35: Growth Levers
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Growth Levers Further strengthen core market share in large bank market Leverage existing client relationships to Driving cross-sell broadest product suite mid-single digit growth and Focused solution expansion through R&D, consistent mar
Slide 36: Markets in Focus
MARKETS IN FOCUS Rob Heyvaert | Corporate Executive Vice President, Global Financial Solutions
Slide 37: Positioned to Deliver Significant Growth
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Positioned to Deliver Significant Growth $2.6B 2014 REVENUES DELIVERS COMPREHENSIVE, HOLISTIC SOLUTIONS 83 OF TOP 200 GLOBAL BANKS SERVED - SERVES GLOBAL AND 21.3% INCREASING YEAR-ON-YEAR INTERNATIONAL INSTITUTIONS EBITDA MARGIN (1) 29,00
Slide 38: Best in Class Capabilities into End-to-end Solutions
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Best in Class Capabilities into End-to-end Solutions Best-in-class capabilities in In a coordinated go-to-market each discipline these are assembled into winning client solutions • Consulting and innovation • Products • Leveraged services
Slide 39: Exponential Needs
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Macro Trends Impacting Global and International Banks NEW REGULATORY CONSUMER TECHNOLOGY ENTRANTS CHANGE EXPECTATIONS OUTSOURCING Exponential New entrants Disparate and Various segments of Continued trend complexity of legacy attacking on
Slide 40: Global and International Banks Have Complex Buying Demands
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Global and International Banks Have Complex Buying Demands FORECAST Componentized, outcome-based solutions IT SPEND IT SPEND CAGR GROWTH TYPE 2018 2013-18 Agility at scale and across geographies Providing External $155B 5% solutions acros
Slide 41: Solutions Address Key Growth Market Opportunities
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Solutions Address Key Growth Market Opportunities Reinvention of $30B global spent on core in 2015 Leveraging installed core base and proven core banking 5%+ CAGR 2013-18 (1) transformation capabilities Exponential growth in $37B global s
Slide 42: Strong Competitive Position
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Strong Competitive Position Innovative, Comprehensive Mono-line End-to-end Tailored Solutions Based on Outsourcing Product Capabilities Proprietary IP Specialists Providers FIS Combined Competitive Strengths Established Innovative Financi
Slide 43: Large UK Retail Bank Consulting Relationship
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Large UK retail bank consulting relationship, paves the way for a new FIS digital platform 2014 2015 2015+ Large scale consulting engagement, • Develop a new intelligent platform as an FIS • Continued consulting engagement deploying with
Slide 44: FIS Created the Rails for Australia's Payment Industry
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS FIS created the rails that carry 6,000,000,000+ daily transactions and changed the face of Australia’s payment industry Client Need: Solution: Result: • Highly concentrated FI market with a very • Leveraged our scale to deliver a single •
Slide 45: Well Positioned to Outperform the Market
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS GFS Well Positioned to Outperform the Market Growth Levers Combined power of global assets and services Driving Demand-focused propositions towards Synchronicity of innovation and efficiency double-digit, long-term Focused investment capabili
Slide 46: Shareholder Value
SHAREHOLDER VALUE Woody Woodall | Chief Financial Officer
Slide 47: Compelling Business Model
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Compelling Business Model High recurring Strong cash revenue generation Earnings Capital growth allocation 47
Slide 48: Consistent Execution
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Consistent Execution ($ in billions, except per share data) 12% 14% 14% CAGR CAGR $1.9 CAGR $3.10 $6.4 $3.7 $1.62 $1.0 09 10 11 12 13 14 09 10 11 12 13 14 09 10 11 12 13 14 Revenue EBITDA EPS Refer to www.investor.fisglobal.com or the appendix at
Slide 49: 2014 Segment Growth Profiles
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE 2014 Segment Growth Profiles ($ in millions) IFS EBITDA MARGIN $3,868 FIS CONSOLIDATED $6,423 GFS $2,557 REVENUE GROWTH Refer to www.investor.fisglobal.com or the appendix attached to this presentation for a description and reconciliation of GAAP
Slide 50: Integrated Financial Solutions
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Integrated Financial Solutions RECURRING REVENUE | 88% • Revenue from long-term PROFESSIONAL SERVICES | 8% contracted relationships • Market forces driving OTHER (1) | 3% selling opportunities SOFTWARE | 1% • Need for increased use of technology
Slide 51: IFS Profile
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE IFS Profile ($ in millions) Performance 2013 2014 Revenue $3,712 $3,868 (1) Growth 4% EBITDA (1) $1,488 $1,540 Margin (1) 40.1% 39.8% (1) Adjusted Refer to www.investor.fisglobal.com or the appendix attached to this presentation for a description
Slide 52: Global Financial Solutions
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Global Financial Solutions RECURRING REVENUE (1) | 70% • Revenue growth from increased wallet share CONSULTING SERVICES | 17% • Compelling value proposition of combined professional services and intellectual property SOFTWARE | 2% • The increase
Slide 53: GFS Profile
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE GFS Profile ($ in millions) Performance 2013 2014 Revenue $2,354 $2,557 Growth - Constant 10% EBITDA (1) $522 $546 Margin (1) 22.2% 21.3% (1) Adjusted Refer to www.investor.fisglobal.com or the appendix attached to this presentation for a descrip
Slide 54: Capital Allocation Principles
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Capital Allocation Principles New products and capabilities with focus on innovation Investing for Growth Dividends and share buybacks Maintain investment grade credit ratings Strong Balance Return Capital to Sheet Shareholders 54
Slide 55: Cash Flow Characteristics Since 2012
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Cash Flow Characteristics Since 2012 $3.6B In Operating Cash Flow (1) $2.6B In Free Cash Flow $2.2B Returned to Shareholders (1) Adjusted Refer to www.investor.fisglobal.com or the appendix attached to this presentation for a description and reco
Slide 56: Balanced Capital Allocation 2012-2014
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Balanced Capital Allocation 2012 - 2014 SHARE REPURCHASES DIVIDENDS ACQUISITIONS (1) CAPITAL EXPENDITURES (1) Adjusted 56
Slide 57: Disciplined Debt Management
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Disciplined Debt Management (as of December 31 for each respective year) 2011 2014 Total Debt $4.8B $5.1B Weighted Average Interest Rates 4.8% 3.1% Weighted Average Maturity 3.9 5.6 Leverage Ratio 2.9 2.6 Refer to www.investor.fisglobal.com or th
Slide 58: Acquisition Principles
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Acquisition Principles • Buy products to cross-sell / upsell STRATEGIC • Expand market opportunities RATIONALE Increase Growth • Gain additional scale Velocity and Create Competitive TARGETED • Risk-adjusted returns greater than alternative uses
Slide 59: Five Year Financial Outlook
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Five Year Financial Outlook Integrated Financial Global Financial Solutions Solutions Revenue 3% to 6% 8% to 12% EBITDA Margins Expanding Expanding Refer to www.investor.fisglobal.com or the appendix attached to this presentation for a descriptio
Slide 60: Five Year Financial Outlook
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Five Year Financial Outlook 5 Year Outlook CAGR Revenue 5% to 8% EBITDA Margins Expanding Adjusted EPS 10% to 15% Refer to www.investor.fisglobal.com or the appendix attached to this presentation for a description and reconciliation of GAAP to no
Slide 61: Why Invest in FIS?
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE Why Invest in FIS? MARKET HIGH RECURRING PREDICTABLE STRONG CASH CAPITAL LEADERSHIP REVENUE AND CONSISTENT GENERATION ALLOCATION THAT EPS GROWTH DRIVES VALUE 61
Slide 62: Q&A
Q&A
Slide 63: FIS: Positioned for Next Wave of Growth
STRATEGIC OVERVIEW MARKETS IN FOCUS SHAREHOLDER VALUE FIS: Positioned for Next Wave of Growth HISTORICAL MARKET OPERATING PERFORMANCE OPPORTUNITY FOR GROWTH • High Recurring Revenue • Confluence of Forces • Aligned to Markets • Consistent EPS Creating Opportunity • Greater Transparency • Strong Cash
Slide 64: Thank You
THANK YOU
Slide 65: Appendix
APPENDIX
Slide 66: Non-GAAP Financial Information and Reconciliation
Non-GAAP Financial Information and Reconciliation 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 transactio
Slide 67: Definitions of Non-GAAP Financial Measures
Definitions of Non-GAAP Financial Measures Adjusted revenue (2014) includes reported revenue and is increased by $9 million for a negotiated contract cash settlement for the extinguishment of certain contractual minimums with a reseller. EBITDA is earnings from continuing operations before interest,
Slide 68: Definitions of Non-GAAP Financial Measures
Definitions of Non-GAAP Financial Measures Adjusted net earnings from continuing operations includes the after-tax impact of adjusted revenue and excludes the after-tax impact of acquisition-related amortization. Adjusted net earnings per diluted share, or adjusted EPS, is equal to adjusted net earn
Slide 69: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted Revenue For the Years ended 2009-2014 (In millions) 2014 2013 2012 2011 2010 2009 Processing and services revenues 6,413.8 6,063.4 5,795.8 5,
Slide 70: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted EBITDA For the Years ended 2009 - 2014 (In millions) 2014 2013 2012 2011 2010 2009 Net earnings from continuing operations attributable to FI
Slide 71: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated and Segment Adjusted EBITDA For the Years ended 2014 and 2013 (In millions) Year ended December 31, 2014 IFS GFS Corporate Consolidated Processing and
Slide 72: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted EPS (In millions) Year ended December 31, 2014 Acquisition, Integration, and Purchase Severance Refinance Contract Price GAAP Costs Costs Set
Slide 73: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted EPS (In millions) Year ended December 31, 2013 Capco International Purchase Acquisition Refinance Restructuring Gain on Price GAAP Adjustment
Slide 74: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted EPS (In millions) Year ended December 31, 2012 Stock and Purchase Other Compensation Refinance Price GAAP Charges Costs Subtotal Amort. Non-G
Slide 75: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted EPS (In millions) Year ended December 31, 2011 Purchase Capco Refinance Investment Price GAAP Adjustment Costs Impairment Subtotal Amort. Non
Slide 76: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted EPS (In millions) Year ended December 31, 2010 M&A Acquisition Restructuring Deferred Purchase & Integration Brazilian Revenue Price GAAP Cos
Slide 77: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted EPS (In millions) Year ended December 31, 2009 M&A Acquisition Restructuring Deferred Purchase & Integration Revenue Impairment Price GAAP Co
Slide 78: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Free Cash Flow Three Year 2014 2013 2012 Total Net cash provided by operating activities 1,164.9 1,060.3 1,046.7 3,271.9 Non GAAP Adjustments: Capco A
Fidelity National Information Services — Investor Day (2015) on 6ix