Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Investor Day (December 2009)
107 slides from Fidelity National Information Services's investor day presentation, Dec 7, 2009
Slide 1: Investor Day December 2009
cS A DECE MBERZ»2009 Investor | AN DAY
Slide 2: Investor Day Agenda
Investor Day Agenda 2 * Includes break Frank Martire President and Chief Executive Officer FIS Overview Opening Remarks Operations Review* Financial Summary and Outlook Mike Hayford Chief Financial Officer Executive Panel Reception
Slide 3: Forward-Looking Statements
This presentation contains statements related to FIS' future plans and expectations and, as such, constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securit
Slide 4: GAAP and non-GAAP financial 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 of financial statements
Slide 5: Strategic Overview
Strategic Overview William P. Foley, IIExecutive Chairman
Slide 6: Creating the Industry Leader
Creating the Industry LeaderTargeted, Disciplined and SuccessfullyIntegrated Acquisitions 6 Ancillary Core Deposits/Loan Channels Integration Payments (CHART) Scale Product Capability Global Reach Revenue* E * Historical revenue reflects FIS on a stand-alone basis.
Slide 7: Creating the Industry Leader: FIS/Metavante Combination
Strengthens competitive position in a dynamic industry Generates significant economies of scale Augments depth and breadth of management team Combined product suite enhances long-term growth potential PositionsFIS as the global industryleader "... arguably the most important financial technology dea
Slide 8: FIS Today - The Industry Leader
FIS Today - The Industry Leader 8 Best positioned to capitalize on changing industry dynamics Track record of superior execution Active participant in industry consolidation Focused on Increasing Shareholder Value
Slide 9: FIS Overview
Frank MartirePresident and Chief Executive Officer FIS Overview
Slide 10: Why Invest in FIS?
Why Invest in FIS? 10 A Strong Foundation ... Excellent customer relationships Significant economies of scale Superior execution 30,000 dedicated employees worldwide .... Drives Exceptional Performance Sustainable organic growth High customer satisfaction and retention Strong margin expansion Signif
Slide 11: Top 100 FinTech Companies
11 FiservSunGardFidelity National Information ServicesDieboldNCRTata Consultancy Services (TCS)First DataTotal System Services (TSYS)Lender Processing ServicesMetavante TechnologiesInfosys TechnologiesCA (Computer Associates)Cognizant Technology SolutionsDST SystemsExperian GroupSASEquifaxJack Henry
Slide 12: FIS Today - The Industry Leader
> $5 billion pro forma revenue > $1.3 billion EBITDA More than 14,000 client relationships ... .... In more than 100 countries $8.7 billion market cap FIS Today - The Industry Leader #1 Bank Financial Technology Provider 12
Slide 13: Leading Global Financial Technology Provider
Leading Global FinancialTechnology Provider 13 Clients in more than 100 countriesEstablished operations in more than 27 countries30,000 employees strong15,000 U.S.-based15,000 offshore Strategic Operating Centers FIS presence No FIS presence Milwaukee, Wis. Little Rock, Ark. Jacksonville, Fla.Orland
Slide 14: Broad and Diverse Client Base
Broad and Diverse Client Base 14 More than 14,000 clients worldwide Global Reach 59% global revenue in higher growth payment solutions Diversified revenue streams (CHART) (CHART) 59%PaymentSolutions 41%FinancialSolutions 68%U.S. Banks 15%International 17%Non-FI Relationships with 40 of the top 50 gl
Slide 15: Premier Client Base
15 Strong customer relationshipsMultiple market segments and geographiesExcellent cross-sell opportunities Premier Client Base Payments Financial
Slide 16: Why Clients Choose FIS
Value Creation Revenue enhancement programsScale allows price competitivenessBundled offeringsHigh levels of integration Relationship Model Complete suite of integrated productsSimplicity in vendor managementHigh touch, client-centric model Reputation Highly referenceable client basePartnership appr
Slide 17: Broad Industry Expertise
Frank R. Martire, President and Chief Executive OfficerJoined Metavante in 200310 years, Fiserv: President and COO, Financial Institutions Systems and Services Group10 years, Citigroup Information Resources: Chairman and CEOGary Norcross, Chief Operating Officer Joined FIS in 198812 years, ALLTEL In
Slide 18: Key Management Priorities
Key Management Priorities 18 Intense Customer Focus High Performance Culture Organic Revenue Growth Achieve Synergy Targets Service, innovation and value Attract and retain industry'smost talented employees Leverage combined product set,customer base and global footprint Proven track record Strong E
Slide 19: FIS Operations Review
Gary NorcrossChief Operating Officer FIS Operations Review
Slide 20: Key Topics
Business OverviewMetavante UpdateSolutions OverviewGo-to-Market StrategyMarket Trends and FIS StrengthsConclusions Key Topics 20
Slide 21: Key Themes
Key Themes 21 Breadth and Depth of Solutions Outsourcing and Pricing Scale Global Presence Scale Penetration in Large FIs and Mid-Tier FIs Required for Long Term 6-9% Growth
Slide 22: Business Overview
~, ~ DeceMBER2, 2009 Se y - Business Overview
Slide 23: Global Scale Overview
23 Revenue: $5.1 billion EBITDA: $1.3 billion (25%) Long-term contracts85% recurring revenueMore than 300 products and servicesNine domestic and four international technology centersMarket penetration Relationships with more than 75% of U.S. financial institutionsProcessing Volume 25% of demand depo
Slide 24: Highly Diversified Revenue
Client Geography Market Segments International15% U.S.85% U.S.85% Highly Diversified Revenue 24 Non-FI (Retail, Corporate, Government, Healthcare)17% CommunityInstitutions(< $5B)29% Mid-Tier U.S.Institutions($5B - $30B)21% Top-Tier U.S.Institutions(> $30B)18% International15% (CHART) (CHART) U.S.85%
Slide 25: FIS Consistently Outperforms Industry Growth
ExceptionalPerformance MarketLeadership ShareholderValue ClientLoyalty Strategic Acquisitions and Divestitures Product Integration and Innovation Superior Execution Enterprise Sales Global Diversification Expense Management Growth Strategy 25 FIS Consistently Outperforms Industry Growth
Slide 26: Industry Recognition - Core Banking Most Admired Vendors
Jack Henry Oracle / I-Flex CSG TCS Sungard Financial Objects Infosys Harland Fiserv Most Used Vendors (CHART) 3% 3% 3% 3% 3% 3% 8% 25% 10% 63% 3% 3% 3% 3% 3% Source: Aite "Bank Technology Executives' Most Admired Vendors" July & August 2009 survey Top 3 mentions among "40 large FI" North American te
Slide 27: Metavante Update
~ ~ DeceMBER2, 2009 Se y - Metavante Update
Slide 28: Industry Evolution
Future Present Consumers' banking touch- points changingMarket conditions, declining profitability and capital constraints forcing banks to reduce costsIncreasing demand for low- cost, integrated products and servicesAbove factors accelerate trend toward outsourcing Competitive Imperatives Client Ma
Slide 29: Broadest Product Suite with Unmatched Scale
Broadest Product Suite with Unmatched Scale 2,000 core processing, check imaging and item processing clientsIntercept ATM network, enhanced regulatory reporting 2005 Additional payment scale, expanded domestic and international footprint, new data and analytics capability, offshore operations 2007 S
Slide 30: Disciplined Synergy Attainment
MetavanteTransaction Targeted Synergies ($M) Timing Payment Solutions $75 6-24 months Financial Solutions 60 6-24 months IT/Operations 60 6-18 months Corporate 65 6 months Total $260M Company Acquisition Date Targeted Synergies ($m) Achieved / Exceeded eFunds September 2007 $65 u Certegy February 20
Slide 31: On Target with Integration Plans
Metavante Integration Solutions Combining product functionality and operations to create market-leading solutions Consolidating domestic and global assets to eliminate expense and redundancies Strategic data centers FacilitiesRightshoring back-office operations Insourcing functions previously outsou
Slide 32: Metavante Synergies - Revenue
Metavante Synergies - Revenue Achievements:Integrated sales into single domestic and international organizationRebranded as FISSuccessfully integrated Metavante debit processing with FIS core engines and launched into production for two top 50 institutionsSuccessfully cross-sold Metavante Bill Payme
Slide 33: Metavante Synergies - Expense
Metavante Synergies - Expense Achievements:Realigned all products and services with integrated business units Integrated sales to create a single domestic and international organizationOn track with headcount reductionsSuccessfully moved 150 data entry FTEs to our captive global services groupIn-sou
Slide 34: Solutions Overview
~ ~ DeceMBER2, 2009 Se y - Solutions Overview
Slide 35: Business Operations
Business Operations 35 Gary NorcrossChief Operating Officer Anthony JabbourFinancial Solutions Frank D'AngeloPayment Solutions Jim SusorenySales & Business Development Marcia DanzeisenGlobal Marketing & Communications Mark DaveyInternational Brian HurdisTechnology Services Ram CharyGlobal Commercial
Slide 36: Financial Solutions Group
36 Financial Solutions Group
Slide 37: Financial Solutions Group
Deposit and Loan Account ProcessingAccounting and General LedgerData Access and IntegrationLending SolutionsTrust SolutionsWealth Solutions Trust and Investment ProcessingTrust Operations OutsourcingPortfolio ManagementInvestment Performance ReportingCash Sweep Services Commercial eBankingAccount An
Slide 38: Financial Solutions Group: Growth Drivers and Differentiators
Market-focused solutionsContinuous innovation and product investmentBusiness process outsourcing servicesExtensive business analytics and reportingMarket-leading next generation core processing solutionLeadership in mid-tier and tier 1 financial institutions Increased trend toward outsourcingEnterpr
Slide 39: Financial Solutions Group - Scale
2,300 core processing clients9 out of 10 top banks18 of the top 25 banks ranked by Tier 1 Capital are clients of ACBS Industry-leading account analysisMore than three million accountsLargest provider of multi-bank cash management services 88 percent of N.A. deposit new accounts scored More than 1,50
Slide 40: Core Solutions Overview
Tier 1 Banks Mid-Tier Banks HORIZON(tm) BankWay Credit Unions MISER (r)Mercury Small/De Novo Banks BancPac Specialty Lending Specialty Solutions Wealth Trust International Profile (Global)Systematics (Global)Integrated Banking Solutions (IBS)MISER(r) (Savings Banks) Auto Finance (Global)ACBS (Global
Slide 41: Profile - Transformational Core Solution
Individuals, institutions and customersSupports packages and agreementsLinks internal and external accounts Demand Deposit AccountsCertificate of DepositSavingsRetirement ConsumerCommercialMortgageRevolving On-line, continuous real-time processingIntegrated product factoryMarket-of-one product custo
Slide 42: Profile - Real-life Results
Single integrated system Innovation and Competitiveness Reducing the time required to define and take new loan products to market by 93 percentReducing the time required to define and take new deposit products to market by 90 percent Single Integrated System Implementation in 6-9 monthsLarge scale c
Slide 43: Integrated Consumer Access Channels
Channel Capabilities Consumer access demands have driven market innovationMulti-channel and multi-host solutions are criticalAn effective channel strategy provides a large number of electronic access points:Tight integrationSeamless customer experienceElectronic channel access in banking drives two-
Slide 44: Global Commercial Services
Infrastructure HostingSystems AdministrationNetwork ServicesSecurity ServicesHelp Desk Infrastructure Management Global Voice Services Information Technology Services Data/Back-Office Processing Purchasing Power Back-office Process SupportCustomer Service/ E-mail/ChatAccount SetupBusiness Analytics
Slide 45: Investor Day December 2009
~, ~ DeceMBeR2, 2009 Investor ~ DAY Ned
Slide 46: Payment Solutions Group
Debit Card ProcessingPrepaid Card ProcessingCredit Card ProcessingLoyaltyMerchantCard Personalization Consumer Driven Healthcare SolutionsHealth and Financial Network SolutionsPay Direct SolutionsElectronic Benefit Transactions (EBT) Check Image ProcessingStatement CompositionRemote Capture (Branch,
Slide 47: Payment Solutions Group: Growth Drivers and Differentiators
Single-source provider offering end-to-end payment solution suiteFull-service solutions including BPO, print and mail, and call center Core integration Clear leader in debit, credit, healthcare and prepaid processing New and cross sales in the large FI marketCapitalize on sales in the high growth he
Slide 48: Payment Solutions Group - Scale
Credit Card Processing ePayments 71% of U.S. credit card issuers10M credit card accounts9M+ loyalty card holders95M+ plastic cards produced annually 300M+ bill payments annually1.1B transactions totaling $2.5 trillion annuallyA leader in mobile payments Debit/Prepaid Card Processing 65M debit cards1
Slide 49: Payment Solutions Group - Scale
Image Processing Over 5B items processed on software annually33 back office capture centers nationwide1,500+ clients using FIS platforms1,750 Service bureau branch capture locations70K merchant capture locations Government and Healthcare 7M debit healthcare cards60M health ID cards issued in 2009$12
Slide 50: International Solutions Group
50 International Solutions Group
Slide 51: International Solutions Group
Check Image Processing Debit Card ProcessingPrepaid Card ProcessingCredit Card ProcessingMerchant Services Account OriginationOnline and Mobile Banking Deposit and Loan Account ProcessingAccounting and General LedgerData Access and IntegrationLending Solutions $.8B+ business ? 11,700+ employees worl
Slide 52: International Solutions Group: Growth Drivers and Differentiators
Domestic technology provider with a strategic and scale international footprintCard and payment processing scale in Australia, Brazil, New Zealand and ThailandThe number one core processing provider in Europe and ChinaThe number one retail core processor in Germany Expansion of FIS global sales forc
Slide 53: International Solutions Group - Scale
400+ core banking clients40 of the top 50 global banks50M payment cardsClients in more than100 countries27 global operating centers Brazil BPO22 million checks cleared per month20 million bills processed per month11 million signature cards2,600 bank branches serviced38 sites throughout Brazil3,200 e
Slide 54: Go-to-Market Strategy
54 Go-to-Market Strategy
Slide 55: Delivery Model Options
Most Flexibility in Pricing and Delivery of Products Delivery Model Options 55
Slide 56: Commitment to Relationship Model
Introduces new solutions and resources to drive revenue growth, greater efficiencies and expense reductionUnderstands industry trends and marketsConsulting/partnershipOwns overall client satisfaction STRATEGIC Growth and Development Client RelationshipManager Commitment to Relationship Model 56
Slide 57: Sales Force Enhancements
DomesticIncrease Direct Sales Force CommitmentIncreased our domestic sales force by over 60 percent while over- achieving our synergy targetFocusPenetration into large FIsEnhanced demand generation organizationEmphasis on consultant and third-party relationsSignificant commitment to channel distribu
Slide 58: High Profile Wins - 09
Total Contract Value: More than $200M High Profile Wins - 2009 58 Core (IBS) Core (Profile) eBanking Financial Solutions Core (Kordoba) Core (Profile) Core (Systematics) Acquiring Healthcare Loyalty Output Prepaid Payment Solutions International Solutions
Slide 59: Break
~, ~ DECEMBER, 2009 Investor, AN DAY s x\ 4 Break
Slide 60: Market Trends and FIS Strengths
60 Market Trends and FIS Strengths
Slide 61: Key Market Trends
Financial Institution Profitability Constraints Banking and Payments Are Migrating to Electronic Global Marketplace Mergers, Failures and De Novo Activity Key Market Trends 61
Slide 62: FI Mergers, Failures and De Novo Activity
FI Mergers, Failures and De Novo Activity Source: FDIC # Bank De Novo Launches(2000 - Oct'2009) Total # U.S. Financial Institutions(2000 - 2009) Sources: FDIC, CUNA Source: FDIC # Bank Mergers & Failures(2000 - Oct'2009) 14,00012,00010,008,0006,0004,0002,000 62
Slide 63: Performance by Segment
Change in # U.S. FIs(2000 vs. 2009) Community Community Change in Assets of U.S. FIs(2000 - 2009) Source: FDIC, 2009 (CHART) Performance by Segment 63
Slide 64: Opportunities Are Best Among Large and Mid-Tier FIs
$ U.S. Fin Tech Spending(Forecast 2010) $2.5B $3.8B $16.8B Source: Financial Insights, an IDC Company, 2009 Opportunities Are Best Among Large and Mid-Tier FIs 64
Slide 65: Representative Client - New York Community Bank
Representative Client - New York Community Bank (NYCB) Profile: $33B NYCB had three cores and therefore three back officesFiserv for a credit union that changed its charter to a bank OSI for the large savings bankBankway for commercialBusiness Objective: Consolidate all back officesSolution: FIS sol
Slide 66: Banking and Payments Are Migrating to Electronic
(CHART) Sources: ABA Consumer Banking Preference study. eCom Advisors; (ignores telephone and mail channels) Consumer Preferred Banking Channels Billions Sources: Federal Reserve. Bank of Boston. 2008. eCom Advisors (CHART) Banking and Payments Are Migrating to Electronic 66
Slide 67: Electronic Migration Creating Fraud Management Opportunities
Online merchants and credit card issuers have dramatically improved fraud detection capabilitiesThis has forced fraudsters to target other channels that offer better opportunities Source: 2008 Javelin Strategy and Research U.S. Annual Fraud Victims (millions) Even with massive fraud management effor
Slide 68: FIS Fraud and Risk Management Solutions
Enterprise Fraud Capabilities 68 Account Origination Transactional Fund Compliance Suite Regulatory Solutions Enterprise Financial Crimes FIS Fraud and Risk Management Solutions QualiFileClassicAdvantagePremierCross-sell ID VerificationID AuthenticationAccount OwnershipBackground ReportsOFAC Debit R
Slide 69: Electronic Payment Capabilities
Migration of transactions is strongly aligned with FIS competencies ... Significant economies of scale for electronic payments across all channelsCardInternationalACHBill PaymentRanked #1 mobile banking provider by ABI ResearchNew account risk management and depositing screening services to more tha
Slide 70: Representative Client - Bank of the West
Profile:$62B in assets700 branch banking centers in 19 Western and Midwestern statesOnline banking customers from all 50 statesBusiness Objective:Inefficient high cost processing of checks in current environmentWork was being performed in four Bank of the West and nine Fiserv sitesWide geographic co
Slide 71: FI Profitability Creating Opportunities
U.S. Commercial Bank and Savings Institution Net Income and Projected Shortfall Sources: FDIC; U.S. Treasury; eCom Advisors (CHART) FI Profitability Creating Opportunities 71 2004 2005 2006 2007 2008 2009
Slide 72: FI Cost Reduction and Revenue Growth
Large Scale Outsourcing Promotes Operational Efficiencies for Clients18,000 employees doing ITO and BPO "best practices" around our products, driving superior results30-plus years of outsourcing expertiseBusiness and/or technology focusSignificant cost saving opportunities The Most Comprehensive Pro
Slide 73: Representative Client - Bank of Hawaii
Profile:$10B community bank, 70-plus branches, acquisition focusedIn-house; core with a variety of third-party/ancillary systemsBusiness Objective:Partner that offered both technology and consulting as core competenciesSolution:Comprehensive IBS core solution; Business Process Improvement and Operat
Slide 74: Growth in Payment Processing in Global Markets
Source: Visa, Visa Europe & MasterCard company reports, J.P. Morgan estimates and calculations Existing Volume and Purchase Growth by Region - 2008 Overseas markets represent an attractive secular growth story for processors of all types. While difficult to size, we use bankcard usage as a proxy for
Slide 75: Growth in Core Processing in Global Markets
Source: Gartner 2009 North AmericaEuropeAsia PacificOtherTotal Available Market $10.8B11.8B6.2B2.0B$30.8B 2010 Growth in Core processing in Global Markets Significantly Outpacing U.S. Opportunities 75 (CHART) Europe38% North America35% Asia Pacific20% Other7%
Slide 76: Capabilities for International and Areas of Focus
LatAm - $294M Core bankingPayment SwitchCredit cardOrigination EMEA - $356M Core bankingCredit cardPayment SwitchPrepaid (Nomad)MerchantsCommercial Lending Asia - $50M Core bankingPayment SwitchATM (India)Commercial Lending Australasia - $55M Credit cardPayment Switch (CHART) Capabilities for Intern
Slide 77: Representative Client - Barclays UK Retail Bank
Profile:Barclays PLC is the second largest bank in the UK with $32.5B in assetsBarclays UK Retail Bank has 1.2M loans accounting for 20 percent of the UK lending marketBusiness Objective:Achieve compliance with new regulations, cut risk and find significant cost savingsDeliver a hosted service suppo
Slide 78: Benefits Delivered - ING
Benefits DeliveredCost containment and reductionReduce TCO for core bankingImprove value for maintenance through closer interaction with FIS product managementIncrease IT flexibilityContinuity/availability of skills and knowledgeShorter time-to-marketImprove quality and service levels through servic
Slide 79: Conclusions
~ ~ DeceMBER2, 2009 Aa y “; , Conclusions
Slide 80: FIS' Business Fundamentals are Strong
Significant revenue diversificationStrong, growing international business (largest among U.S. Cores)Strong, growing non-FI business (largest among U.S. Cores)Balanced business modelSector-leading growth opportunities in Payments, International, Corporate and among Mid-Tier and Large FIsPredictable r
Slide 81: FIS is Well-positioned to Capitalize on Industry Macro-trends
Stronger growth opportunities in domestic U.S. market among large and mid-tier FIs than community institutionsFraud management, delivery channel and payment opportunities created by ongoing electronification of banking and paymentsCost reduction opportunities required by current FI profitability cha
Slide 82: FIS Has Market-leading Brand Recognition and Client Base
Combined company #1 Fin Tech 100Combined company is most admired and used professional IT services and core banking provider in the world 14,000+ clients worldwideIncredible cross-sell opportunities Payments Financial FIS Has Market-leading Brand Recognition and Client Base 82
Slide 83: FIS. Never Compromise.
FIS. Never Compromise. FIS. Never Compromise. 83
Slide 84: Financial Overview
Mike HayfordChief Financial Officer Financial Overview
Slide 85: Financial Strength, Robust Business Model
Broad and diverse customer base High recurring revenues Leveragable assets Meaningful margin expansion Strong earnings growth Financial Strength, Robust Business Model 85
Slide 86: Excellent Performance in a Challenging Environment
Revenue Adjusted EBITDA Free Cash Flow Note: Financial data for 2007 and 2008 reflects FIS and Metavante combined operations. Strong Execution ($ Billions) 86 Excellent Performance in a Challenging Environment
Slide 87: Broad Customer Base Limits Downside Risk
87 (1) Includes retail, government, education, healthcare, commercial and print /mail Note: Reflects FIS and Metavante combined operations TTM 9/30/09. Multiple Market Segments Broad Geographic Reach U.S.85% EMEA6% LatinAmerica6% APAC andOther3% Other(1)17% CommunityInstitutions(< $5B)29% Mid-Tier U
Slide 88: Balanced Revenue Model
Reporting Segments 88 Solution Type Note: Reflects FIS and Metavante combined operations TTM 9/30/09. Payment59% Core andRelated41% International15% Financial35% Payment50% Balanced Revenue Model Significant Payment Capabilities and International Presence Drive Strong Growth Opportunities
Slide 89: Significant Recurring and Contractual Revenue
89 Note: Reflects FIS and Metavante combined operations TTM 9/30/09. Processing and Maintenance 85% Professional Services 10% Other 5% Long-term contracts Account based Transaction based Monthly maintenance Consulting Services Implementation Services Software 3% Equipment 1% Termination Fees 1% Sign
Slide 90: Revenue Composition by Segment
90 Note: Reflects FIS and Metavante combined operations TTM 9/30/09. Financial Solutions Payment Solutions International Solutions Other7% Processing andMaintenance77% ProfessionalServices16% Processing andMaintenance91% Other3% ProfessionalServices6% Processing andMaintenance85% Other5% Professiona
Slide 91: Q4 2009 Updated Outlook
91 Q408 Q409 Revenue Reported Revenue Growth Constant Currency Growth $1,281 Slightly Positive(1)Flat(1) Adjusted EBITDA Adjusted EBITDA margin Margin expansion ~ $30M synergies Q409 $34827.1% > 200 bps Adjusted EPS N/A $0.41 - $0.44 Free cash flow N/A $130 - $140 Fully diluted shares outstanding N/
Slide 92: 2010 Preliminary Outlook
92 Adjusted Revenue $5,092 Growth Slightly Negative +2% to 4% Constant Currency Flat +1% to 3% Adjusted EBITDA Margin 25.6% Margin Expansion(1) > 250 bps > 300 bps Adjusted EPS(2) N/A N/A $1.91 - $2.01 Free Cash Flow(2) N/A N/A > $750 million 2009 Pro Forma Preliminary 2010 Assumes incremental cost
Slide 93: Synergy Assumptions / Proven Track Record
93 (CHART) ~$62 Q1 $43 Q3 $36 Q2 $40 Q4 $31 ~$212 ~$260 Core Processing23% IT/Operations23% Corporate25% PaymentProcessing29% $150 in-year Synergy Assumptions/P&L Impact ($ Millions) Proven Track Record
Slide 94: 2010 Assumptions
94 Estimated Pre-tax acquisition related purchase amortization(1) $250 - $255 After-tax $160 - $165 Other depreciation and amortization $365 - $380 In-year synergies realized ~ $150 Interest expense, net(2) $90 - $100 Effective tax rate 36% Average diluted shares ~ 378 million Includes all acquisiti
Slide 95: 2010 Currency Assumptions
2010 2009 Brazil (BRL) 0.57 0.51 Europe (EUR) 1.48 1.39 U.K. (GBP) 1.65 1.57 95 Average Monthly F/X Rates Per U.S. Dollar 2010 Currency Assumptions Estimated $60 Million Revenue Benefit in 2010
Slide 96: Capital Expenditures
96 (1) Includes integration capital expenditures of $31 million. Capital Expenditures ($ Millions) Run Rate Capital ExpendituresApproximately 5% of Revenue
Slide 97: Capital Expenditures 2010 Assumptions
97 CapEx by Type CapEx by Segment CapitalizedDevelopment IntegrationCapital Equipment andPurchasedSoftware International FinancialSolutions Leveraged Services PaymentSolutions IntegrationCapital Capital Expenditures 2010 Assumptions
Slide 98: Strong Growth in Free Cash Flow
98 Note: Reflects FIS and Metavante combined operations. Strong Free Cash Flow ($ Millions) Strong Growth in Free Cash Flow
Slide 99: Cash Flow Priorities
99 Scheduled repayments of $218 million in 2010Targeting investment grade ratingProjected 12/31/2009 debt to EBITDA ~ 2.3x New product developmentTechnology enhancements Annual cash dividends of ~$75 Million Further reduce leverageConsider stock repurchase programFund strategic opportunities Reduce
Slide 100: North America - Core Banking IT Spending
100 Source: Datamonitor 2009Note: Market reflects all North American banks with assets of at least $10B. Market size and CAGR Trends Market Trends North America - Core Banking IT Spending ($M) Year over year growth
Slide 101: Historical Growth
101 Historical Growth Legacy FIS FIS Has Consistently Outperformed Through Superior Sales Execution, Product Innovation and Market Breadth.
Slide 102: Long-Term Outlook Revenue Growth
102 Long-Term Outlook Revenue Growth Positioned to Generate Above Average Growth in Stable Market Environment
Slide 103: Long-Term Outlook Revenue Growth
103 % of Total Revenue % of Total Revenue Current 3 Year Growth Drivers Financial Solutions 35% < 35% Mid-single digit Organic account growth New sales wins Discretionary spend Core replacements Product innovation Payment Solutions 50% > 50% Mid-to-high single digit Transaction growth New sales wins
Slide 104: Summary
104 Industry Leadership Integrated Products High Incremental MarginsSuperior Execution Financial Strength High Recurring Revenues Diverse Customer Base Broad Geographic Reach Multiple Market Channels Revenue Lift Through Cross-Sales SUPERIOR SHAREHOLDER RETURNS Summary Above Average Industry GrowthM
Slide 105: Investor Day December 2009
~, ~ DeceMBeR2, 2009 Investor ~ DAY Ned
Slide 106: Closing Remarks
Frank MartirePresident and Chief Executive Officer Closing Remarks
Slide 107: Key Investment Highlights
SUPERIOR SHAREHOLDER RETURNS Strong Foundation Exceptional Performance Sustainable organic growth High customer satisfaction and retention Strong margin expansion Significant cash flow Excellent customer relationships Significant economies of scale Superior execution 30,000 dedicated employees world
Fidelity National Information Services — Investor Day (December 2009) on 6ix