Slide 1: Third Quarter 2022 Earnings
v Third Quarter 2022 Earnings Chris Cartwright, President and CEO Todd Cello, CFO October 25, 2022 Exhibit 99.2
Slide 2: Forward-Looking Statements
© 2022 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: Agenda
© 2022 TransUnion LLC All Rights Reserved | 3 Market perspectives and financial highlights Acquisitions integration progress Third quarter 2022 financial results 1 2 3 Fourth quarter and full-year 2022 guidance4
Slide 4: Market Perspectives
© 2022 TransUnion LLC All Rights Reserved | 4 Market Perspectives U.S. consumers remain healthy with high employment and sound balance sheets. Inflation affecting below-prime consumers Emerging markets resilient with outsized growth in India, APAC and LatAm. Canada and U.K. growing despite economic
Slide 5: Third Quarter 2022 Highlights
© 2022 TransUnion LLC All Rights Reserved | 5 Attractive growth in Financial Services, Insurance and Media Double-digit organic growth1 internationally, led by India, Asia Pacific, Latin America, Africa and Canada Acquisitions performing well with revenue outperformance, growing sales pipelines and
Slide 6: Bridge to Updated 2022 Revenue Guidance
© 2022 TransUnion LLC All Rights Reserved | 6 Bridge to Updated 2022 Revenue Guidance $3,773M $3,714M ($7M) ($12M) ($7M) ($33M) No Change No Change Prior Revenue Guide (Midpoint) Q3 Variance vs. Guide (Midpoint) FX Mortgage Impact U.S. Markets ex-Mortgage International Consumer Interactive Current R
Slide 7: Neustar delivering on strategic and financial expectations
© 2022 TransUnion LLC All Rights Reserved | 7 Neustar delivering on strategic and financial expectations Neustar ► Q3 2022: Mid-single digits revenue growth with good results across Marketing, Communications and Fraud. Adjusted EBITDA margins ~29% ► 2022E: Mid-single digits growth with EBITDA margin
Slide 8: Strong performance from Sontiq and Argus
© 2022 TransUnion LLC All Rights Reserved | 8 Strong performance from Sontiq and Argus • +4% growth in Q3 Expecting low-single-digits growth for 2022E • Adjusted EBITDA margin of ~19% for Q3 Expecting ~20% margins for 2022E or ~34% excluding integration costs • Strong early reception from consor
Slide 9: Consolidated Q3 2022 Highlights
© 2022 TransUnion LLC All Rights Reserved | 9 For additional information, refer to the “Non-GAAP Financial Information” section on slide 2 and the Appendix at the back of this investor presentation. Reported ($M) Y/Y Change Revenue $938 26% Constant Currency Revenue 29% Organic Constant Currency Rev
Slide 10: U.S. Markets Q3 2022 Highlights
© 2022 TransUnion LLC All Rights Reserved | 10 Reported ($M) Reported Y/Y FX Impact Inorganic Impact Organic Constant Currency Revenue $621 38% — (40)% (2)% Financial Services 291 5% — (9)% (4)% Emerging Verticals 330 91% — (90)% 1% Adjusted EBITDA $218 18% — (27)% (9)% U.S. Markets Q3 2022 Highligh
Slide 11: Consumer Interactive Q3 2022 Highlights
© 2022 TransUnion LLC All Rights Reserved | 11 Reported ($M) Reported Y/Y FX Impact Inorganic Impact Organic Constant Currency Revenue $147 9% — (18)% (9)% Adjusted EBITDA $73 5% — (11)% (6)% Consumer Interactive Q3 2022 Highlights ►Direct channel declined due to reduced demand for paid credit monit
Slide 12: International Q3 2022 Highlights
© 2022 TransUnion LLC All Rights Reserved | 12 Reported ($M) Reported Y/Y FX Impact Inorganic Impact Organic Constant Currency Revenue $189 6% 10% — 16% Canada 32 6% 4% — 10% Latin America 29 7% 6% — 13% U.K. 49 (11)% 15% — 4% Africa 16 3% 15% — 18% India 44 29% 10% — 39% Asia Pacific 20 20% 4% — 24
Slide 13: Consistent Ability to De-Lever via Adjusted EBITDA Growth
© 2022 TransUnion LLC All Rights Reserved | 13 TransUnion Has Shown a Consistent Ability to De-Lever via Adjusted EBITDA Growth • Roughly $5.9 billion of debt and $596 million cash at quarter-end • Net leverage of ~3.9x in Q3 2022 • Expecting to reach ~3.8x net debt to Adjusted EBITDA by end of 2022
Slide 14: Q4 2022 Guidance
© 2022 TransUnion LLC All Rights Reserved | 14 Reported Revenue: $896M to $916M +13% to +16% Assumed M&A contribution: ~19pt. benefit Assumed FX contribution: ~(3)pt. headwind Organic Constant Currency Revenue: -3% to flat Assumed Mortgage impact: ~(4)pt. headwind Organic CC Revenue ex. Mortgage: +2
Slide 15: FY 2022 Revenue Guidance
© 2022 TransUnion LLC All Rights Reserved | 15 Reported Revenue: $3.704B to $3.724B +25% to +26% Assumed M&A contribution: ~24pt. benefit Assumed FX contribution: ~(2)pt. headwind Organic Constant Currency Revenue: ~ +3% Assumed Mortgage impact: ~(4)pt. headwind Organic CC Revenue ex. Mortgage: ~ +7
Slide 16: FY 2022 Adjusted EBITDA, Adjusted Diluted EPS and Other Guidance
© 2022 TransUnion LLC All Rights Reserved | 16 ►Adjusted EBITDA: Decreased due to lower revenue expectations, offset by cost management actions and acquisition synergies ►Adjusted EBITDA margins: Organic margin down ~25bps, with cost savings offsetting declines in high-margin mortgage business Adjus
Slide 17: Considerations for 2023
© 2022 TransUnion LLC All Rights Reserved | 17 Considerations for 2023 Assuming a soft macroeconomic environment, we expect to deliver solid organic growth, albeit likely below long-term targets • Mortgage: Inquiries expected to decline (<7% of total revenues) • Financial Services ex-Mortgage: Cons
Slide 18: Delivering relative outperformance in a recessionary environment
© 2022 TransUnion LLC All Rights Reserved | 18 In a recessionary environment, we expect to continue delivering relative outperformance Diversified product and vertical portfolio to help offset credit-related pressures Expense discipline to manage expenditure as market conditions evolve Thought-leade
Slide 19: 2025 Targets
© 2022 TransUnion LLC All Rights Reserved | 19 $6.00+ Adjusted Diluted EPS $5+ billion Revenue $2+ billion Adjusted EBITDA 2025 Targets
Slide 20: Key takeaways
© 2022 TransUnion LLC All Rights Reserved | 20 Acquisitions integration on-track, with growing sales pipeline and ahead-of-plan cost savings Delivered healthy Q3 results with good growth from International and U.S. Financial Services, excluding mortgage, and strong margin performance Continue to exp
Slide 21: Q&A
© 2022 TransUnion LLC All Rights Reserved | 21 Q&A
Slide 22: Appendices: Non-GAAP Reconciliations
© 2022 TransUnion LLC All Rights Reserved | 22 Appendices: Non-GAAP Reconciliations
Slide 23: Adjusted EBITDA and Adjusted EBITDA Margin
© 2022 TransUnion LLC All Rights Reserved | 23 Adjusted EBITDA and Adjusted EBITDA Margin $ in millions Three Months Ended September 30, Nine Months Ended September 30, 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
© 2022 TransUnion LLC All Rights Reserved | 24 Adjusted Net Income and Adjusted EPS $ in millions, except per share data Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Reconciliation of net income attributable to TransUnion to Adjusted Net Income: Net income att
Slide 25: Adjusted Diluted EPS
© 2022 TransUnion LLC All Rights Reserved | 25 Adjusted Diluted EPS Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Reconciliation of diluted earnings per share from net income attributable to TransUnion to Adjusted Diluted Earnings per Share: Net income attribut
Slide 26: Adjusted Effective Tax Rate
© 2022 TransUnion LLC All Rights Reserved | 26 Adjusted Effective Tax Rate $ in millions Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Income from continuing operations before income taxes $ 110.8 $ 128.9 $ 316.1 $ 450.7 Total adjustments before income tax item
Slide 27: Adjusted EBITDA and Adjusted EPS Guidance
© 2022 TransUnion LLC All Rights Reserved | 27 Adjusted EBITDA and Adjusted EPS Guidance $ in millions, except per share data Three Months Ended September 30, 2022 Twelve Months Ended December 31, 2022 Low High Low High Guidance reconciliation of net income attributable to TransUnion to Adjusted EBI