Slide 1: Fourth Quarter 2022 Earnings
v Fourth Quarter 2022 Earnings Chris Cartwright, President and CEO Todd Cello, CFO February 14, 2023
Slide 2: Forward-Looking Statements
© 2023 TransUnion LLC All Rights Reserved | 2 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of TransUnion’s management and
Slide 3: Economic perspectives and financial highlights; integration; results; guidance
© 2023 TransUnion LLC All Rights Reserved | 3 Economic perspectives and financial highlights Acquisition integration and transformation progress Fourth quarter 2022 financial results 1 2 3 First quarter and full-year 2023 guidance4
Slide 4: Economic conditions across TransUnion's markets
© 2023 TransUnion LLC All Rights Reserved | 4 Economic conditions across TransUnion’s markets Persistent inflation and high interest rates driving economic slowdown U.S. consumer employment remains high; however, spending moderating, delinquencies increasing and savings rates reduced Lending custome
Slide 5: Fourth quarter 2022 highlights
© 2023 TransUnion LLC All Rights Reserved | 5 Double-digit International revenue growth, led by India, Asia Pacific, Africa and Latin America Acquisitions finished year strongly, including high- single digit revenue growth from Neustar1 Divestiture of G2, LCI and Fintellix and prepayment of $200M in
Slide 6: 2022 highlights: strong results despite softening macro environment
© 2023 TransUnion LLC All Rights Reserved | 6 TransUnion delivered strong results despite a softening macro environment 7% organic revenue growth excluding mortgage impact with double-digit growth in U.S. Financial Services and International1 Strong organic Adjusted EBITDA margins due to revenue flo
Slide 7: Neustar enters 2023 with increasing momentum
© 2023 TransUnion LLC All Rights Reserved | 7 Neustar enters 2023 with increasing momentum Financial results ► Q4 2022: 8% revenue growth with Adjusted EBITDA margin ~28% ► 2022: 6% revenue growth with Adjusted EBITDA margin ~26.5% ► 2023F: High-single digit revenue growth with Adjusted EBITDA margi
Slide 8: Sontiq and Argus delivered good performance
© 2023 TransUnion LLC All Rights Reserved | 8 Sontiq and Argus delivered good performance • -3% revenue decline in Q4; +2% for FY 2022 In-line with expectations as Argus lapped several one-time deals in Q4 2021 • Adjusted EBITDA margin of ~23% in Q4 ~21% margin for 2022, or ~29% excluding integr
Slide 9: Global enablement platform continuing to develop
© 2023 TransUnion LLC All Rights Reserved | 9 Global enablement platform continuing to develop, facilitating acquisition integrations Operations Doubled Global Capability Center (GCC) employees from ~1,800 to ~4,000 Rolled out sales and operations management system globally Launched GCC in Costa Ric
Slide 10: Consolidated fourth quarter 2022 highlights
© 2023 TransUnion LLC All Rights Reserved | 10 For additional information, refer to the “Non-GAAP Financial Information” section on slide 2 and the Appendix at the back of this investor presentation. Reported ($M) Y/Y Change Revenue $902 14% Constant Currency Revenue 17% Organic Constant Currency Re
Slide 11: U.S. Markets fourth quarter 2022 highlights
© 2023 TransUnion LLC All Rights Reserved | 11 Reported ($M) Reported Y/Y FX Impact Inorganic Impact Organic Constant Currency Revenue $593 23% — (28)% (4)% Financial Services 296 6% — (17)% (10)% Emerging Verticals 296 47% — (43)% 4% Adjusted EBITDA $201 21% — (24)% (3)% U.S. Markets fourth quarter
Slide 12: Consumer Interactive fourth quarter 2022 highlights
© 2023 TransUnion LLC All Rights Reserved | 12 Reported ($M) Reported Y/Y FX Impact Inorganic Impact Organic Constant Currency Revenue $141 (2)% — (11)% (13)% Adjusted EBITDA $72 3% — (8)% (5)% Consumer Interactive fourth quarter 2022 highlights ►Excluding impact from prior year one-time breach-rela
Slide 13: International fourth quarter 2022 highlights
© 2023 TransUnion LLC All Rights Reserved | 13 Reported ($M) Reported Y/Y FX Impact Inorganic Impact Constant Currency Revenue $188 2% 10% — 12% Canada 32 0% 8% — 8% Latin America 28 5% 7% — 12% U.K. 48 (17)% 12% — (5)% Africa 16 2% 14% — 16% India 44 21% 12% — 33% Asia Pacific 20 23% 3% — 26% Adjus
Slide 14: Remain committed to deleveraging; targeting <3x Leverage Ratio
© 2023 TransUnion LLC All Rights Reserved | 14 Remain committed to deleveraging; now targeting <3x Leverage Ratio over long-term • Roughly $5.7 billion of debt and $585 million cash at quarter-end • $600M in debt prepayment in 2022, including $200M in December; Leverage Ratio of ~3.8x at the end of
Slide 15: Debt profile and 2023 interest expense bridge
© 2023 TransUnion LLC All Rights Reserved | 15 Maintaining ~70%/30% fixed/floating rate exposure with new swap; higher 2023 interest expense due to rising rates • 2023 net interest expense guidance assumes no additional debt prepayment or incremental debt Debt Profile (12/31/22) 2023 Interest Expens
Slide 16: First quarter 2023 guidance
© 2023 TransUnion LLC All Rights Reserved | 16 Reported Revenue: $908M to $917M (1)% to flat Assumed M&A contribution: ~2pt. benefit Assumed FX contribution: ~(1)pt. headwind Organic Constant Currency Revenue: (2)% to (1)% Assumed mortgage impact: ~(2)pt. headwind Organic CC Revenue ex. mortgage: Fl
Slide 17: Full-year 2023 revenue guidance
© 2023 TransUnion LLC All Rights Reserved | 17 Reported Revenue: $3.825B to $3.885B +3% to +5% Assumed M&A contribution: ~1pt. benefit Assumed FX contribution: ~(1)pt. headwind Organic Constant Currency Revenue: +3% to +5% Assumed mortgage impact: Minimal impact Organic CC Revenue ex. mortgage: +3%
Slide 18: Full-year 2023 Adjusted EBITDA and EPS guidance
© 2023 TransUnion LLC All Rights Reserved | 18 ►Committed to deleveraging and using excess cash for debt prepayment; however, guidance assumes no debt prepayment ►Every $100M of prepayment yields annualized interest savings of ~$7M ($0.03 EPS) Adjusted EBITDA: $1.388B to $1.421B +3% to +6% Assumed F
Slide 19: Bridge to 2023 Adjusted EBITDA margin guidance
© 2023 TransUnion LLC All Rights Reserved | 19 Bridge to 2023 Adjusted EBITDA margin guidance *Argus is included “M&A impact” until April 2023. 36.3% 36.6% ~(25)bps ~100bps ~(45)bps 2022 Adjusted EBITDA margin Impact of Argus inorganic contribution in Q1 2023 Neustar revenue and integration benefits
Slide 20: 2025 Targets
© 2023 TransUnion LLC All Rights Reserved | 20 $6.00+ Adjusted Diluted EPS $5+ billion Revenue $2+ billion Adjusted EBITDA 2025 Targets
Slide 21: Q&A
© 2023 TransUnion LLC All Rights Reserved | 21 Q&A
Slide 22: Appendices: Non-GAAP Reconciliations
© 2023 TransUnion LLC All Rights Reserved | 22 Appendices: Non-GAAP Reconciliations
Slide 23: Adjusted EBITDA and Adjusted EBITDA Margin
© 2023 TransUnion LLC All Rights Reserved | 23 Adjusted EBITDA and Adjusted EBITDA Margin $ in millions Three Months Ended December 31, Twelve Months Ended December 31, 2022 2021 2022 2021 Reconciliation of net income attributable to TransUnion to consolidated Adjusted EBITDA: Net income attributabl
Slide 24: Adjusted Net Income and Adjusted EPS
© 2023 TransUnion LLC All Rights Reserved | 24 Adjusted Net Income and Adjusted EPS $ in millions, except per share data Three Months Ended December 31, Twelve Months Ended December 31, 2022 2021 2022 2021 Reconciliation of net income attributable to TransUnion to Adjusted Net Income: Net income att
Slide 25: Adjusted Diluted EPS
© 2023 TransUnion LLC All Rights Reserved | 25 Adjusted Diluted EPS Three Months Ended December 31, Twelve Months Ended December 31, 2022 2021 2022 2021 Reconciliation of diluted earnings per share from net income attributable to TransUnion to Adjusted Diluted Earnings per Share: Diluted earnings pe
Slide 26: Adjusted Effective Tax Rate
© 2023 TransUnion LLC All Rights Reserved | 26 Adjusted Effective Tax Rate $ in millions Three Months Ended December 31, Twelve Months Ended December 31, 2022 2021 2022 2021 Income from continuing operations before income taxes $ 71.2 $ 50.7 $ 387.2 $ 501.4 Total adjustments before income tax items
Slide 27: Leverage Ratio
© 2023 TransUnion LLC All Rights Reserved | 27 Leverage Ratio See following slide for footnote details $ in millions Twelve Months Ended December 31, June 30, 2022 2021 2020 2019 2018 2017 2016 2015 2015 Reconciliation of net income (loss) attributable to TransUnion to Adjusted EBITDA: Net income (l
Slide 28: Footnotes to Leverage Ratio reconciliation
© 2023 TransUnion LLC All Rights Reserved | 28 As a result of displaying amounts in millions, rounding differences may exist in the table above. 1. Results prior to 2019 include our Healthcare business, which was divested in 2021. The results of the Healthcare business are classified as discontinued
Slide 29: Adjusted EBITDA and Adjusted EPS Guidance
© 2023 TransUnion LLC All Rights Reserved | 29 Adjusted EBITDA and Adjusted EPS Guidance $ in millions, except per share data Three Months Ended March 31, 2023 Twelve Months Ended December 31, 2023 Low High Low High Guidance reconciliation of net income attributable to TransUnion to Adjusted EBITDA: