Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Q4 2014 Earnings Presentation
22 slides from Fidelity National Information Services's earnings presentation, Feb 5, 2015
Slide 1: Fourth Quarter 2014 Earnings Call Supplemental Materials
FOURTH QUARTER 2014 EARNINGS CALL SUPPLEMENTAL MATERIALS February 5, 2015 ©2013 FIS and/or its subsidiaries. All Rights Reserved.
Slide 2: Agenda
Agenda TOPIC SPEAKER 2014 Highlights and Gary Norcross, Market Review President and CEO Woody Woodall, Financial Summary Chief Financial Officer 2
Slide 3: Forward-looking Statements
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 strategies o
Slide 4: Use of Non-GAAP Measures
Use of Non-GAAP Measures 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 transactions and in the preparation
Slide 5: 2014 Highlights
2014 HIGHLIGHTS Gary Norcross President and CEO
Slide 6: 2014 Highlights: Revenue
2014 Highlights • $6.4 BILLION revenue; up 6% 5% CAGR • $3.10 adjusted EPS; up 10% $6.4B Revenue • $1.2 BILLION adjusted cash $6.1B 0 $5.8B flow from operations $5.6B • $750 MILLION returned to shareholders 2011 2012 2013 2014 6
Slide 7: Consistent Execution of Strategy
Consistent Execution of Strategy • Investing for GROWTH • MAINTAINING our balance sheet • Returning cash to our SHAREHOLDERS 7
Slide 8: Market Review
Market Review Strong 2014 sales Competitive wins continue Expanding wallet share with global clients 8
Slide 9: Key Takeaways
Key Takeaways Delivered on financial COMMITMENTS STRENGTHENED our balance sheet Dividend INCREASED COST-EFFECTIVELY MANAGE our operations 9
Slide 10: Financial Summary
FINANCIAL SUMMARY Woody Woodall Chief Financial Officer
Slide 11: Consolidated Results
Consolidated Results ($ Millions, adjusted, except per share data) METRICS Q4 Full Year Revenue $ 1,689 $ 6,423 Growth vs. 2013 7% 6% Organic growth 5% 5% EBITDA $ 526 $ 1,927 Growth vs. 2013 9% 5% EBITDA Margin 31.1% 30.0% Net Earnings $ 249 $ 895 Growth vs. 2013 13% 8% EPS $ 0.87 $ 3.10 Growth vs.
Slide 12: Financial Solutions
Financial Solutions | ($ Millions) METRICS Q4 Full Year Revenue $ 645 $ 2,494 Growth vs. 2013 7% 6% EBITDA $ 253 $ 980 EBITDA Margin 39.2% 39.3% Refer to www.investor.fisglobal.com for reconciliation of GAAP to non-GAAP items. See appendix for description of non-GAAP financial measures. 12
Slide 13: Payment Solutions
Payment Solutions | ($ Millions, adjusted) METRICS Q4 Full Year Revenue $ 647 $ 2,514 Growth vs. 2013 5% 2% EBITDA $ 275 $ 1,055 EBITDA Margin 42.5% 42.0% Refer to www.investor.fisglobal.com for reconciliation of GAAP to non-GAAP items. See appendix for description of non-GAAP financial measures. 13
Slide 14: International Solutions
International Solutions | ($ Millions) METRICS Q4 Full Year Revenue $ 398 $ 1,417 Growth vs. 2013 13% 12% EBITDA $ 103 $ 320 EBITDA Margin 25.9% 22.5% Refer to www.investor.fisglobal.com for reconciliation of GAAP to non-GAAP items. See appendix for description of non-GAAP financial measures. 14
Slide 15: Non-GAAP Reconciliation – Earnings Per Share
Non-GAAP Reconciliation – Earnings Per Share Q4 2014 Q4 2013 GAAP net earnings per share from continuing operations $ 0.71 $ 0.25 Adjustments: Purchase Price Amortization 0.12 0.13 International Restructuring Charges - 0.02 Acquisition, Integration, and Severance Costs 0.04 - Capco Acquisition Adjus
Slide 16: Executing Capital Allocation Strategy
Executing Capital Allocation Strategy • Investing for growth – Innovation – Product and market expansion • Maintaining a strong balance sheet – $5.1 billion debt outstanding as of December 31 – 2.6 times debt-to-EBITDA • Returning cash to shareholders – $750 million returned to shareholders in 2014
Slide 17: 2015 Financial Outlook
FINANCIAL OVERVIEW 2015 Financial Outlook METRIC OUTLOOK Revenue growth 5.0% to 7.0% Earnings per share, as adjusted $3.37 to $3.49 Growth + 9% to 13% ~ adjusted net Free cash flow conversion earnings 17
Slide 18: Key Takeaways
Key Takeaways INVESTING in growth EXPANDING margins Committed to delivering superior SHAREHOLDER RETURNS 18
Slide 19: Appendix
APPENDIX
Slide 20: Foreign Currency
Foreign Currency International Solutions Group Costs Revenue Composition (Q4-14) Other 8% Indian Rupee 8% • Majority of costs within International Solutions Group are denominated in local Australian Dollar 5% currencies, reducing P&L impact. Brazil Real 22% • Costs related to captive operation in In
Slide 21: Debt Summary
Debt Summary | ($ Millions) Dec 31, Dec 31, Rate 2014 2013 Revolver (2019 Maturity) (1) L+125 bps $ 795 $ 29 Undrawn revolver capacity 15 bps 2,205 1,971 Term Loan (2017 Maturity) L+125 bps 1,300 1,963 2017 Notes 1.450% 300 - 2018 Notes 2.000% 250 250 2020 Notes 7.875% - 500 2022 Notes 5.000% 700 70
Slide 22: Non-GAAP Financial Measures
Non-GAAP Financial Measures • Organic revenue includes reported revenue (adjusted revenue for 2014) plus pre-acquisition revenue for companies acquired during the applicable reporting periods. Organic revenue excludes the impact of foreign currency fluctuation in 2014. • Adjusted revenue (2014) incl
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