Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Q1 2025 Earnings Presentation
30 slides from Fidelity National Information Services's earnings presentation, May 6, 2025
Slide 1: First Quarter 2025 Earnings Call
First Quarter 2025 Earnings Call May 6, 2025
Slide 2: Speakers
Speakers First Stephanie Ferris 1 Quarter Chief Executive Officer and President Highlights Financial James Kehoe 2 Results & Outlook Chief Financial Officer 2
Slide 3: 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 futur
Slide 4: First Quarter Highlights
KIS First Quarter Highlights
Slide 5: First Quarter 2025 Highlights
First Quarter 2025 Highlights STRATEGY FINANCIAL RESULTS HIGHLIGHTS Leveraging Our Strong Foundation +4% Adjusted • Solid start to the year; implementations on track Revenue Growth Executing to Deliver Profitable Growth 37.8% Adjusted EBITDA • Strong FCF conversion; confident in FY target Margin • R
Slide 6: Marquee Wins
Marquee Wins MONEY MONEY MONEY AT REST IN MOTION AT WORK Consolidation Win Office of the CFO New Win: Private Equity Leading East Coast Multinational Engineering Atlas SP Commercial Bank & Technology Firm IBS Core Treasury Commercial Lending BENEFICIARY OF BANKING INDUSTRY CONSOLIDATION 6
Slide 7: Milestone Transaction Reinforces Long-Term Strategy
Milestone Transaction Reinforces Long-Term Strategy Strategic Financial Creates a $12B+ revenue, more Transaction is accretive to Adjusted diversified global financial EBITDA margins, Adjusted EPS and technology leader Free Cash Flow Adds critical credit processing at Strengthens banking financial p
Slide 8: Financial Results & Outlook
Financial Results & Outlook 8
Slide 9: 1Q 2025 Financial Results
1Q 2025 Financial Results Results Total Revenue Adj. EBITDA Margin Adjusted EPS 2.5B 37.8% $1.21 +4% Adjusted (142) bps +11% Growth Key Metrics Adj. Free Cash Flow CapEx Capital Return Balance Sheet (as of 3/31/2025) $368M $233M $670M $12.0B 2.8x 2.9% 71% Conversion(1) 9% of Revenue Dividends & Tota
Slide 10: Banking & Capital Markets Financial Results
Banking & Capital Markets Financial Results 1Q 2025 Results Total Revenue Adjusted Revenue Recurring Revenue % Revenue Recurring $2.5B +4% +4% 81% Banking Solutions Capital Markets Revenue Growth +3% Revenue Growth +6% +2% Recurring Revenue +9% Recurring Revenue Adjusted +3% Adjusted +47% Other Non-
Slide 11: Reaffirming FY 2025 Outlook; Accelerating 2Q 2025 Growth
Reaffirming FY 2025 Outlook; Accelerating 2Q 2025 Growth METRICS ($ millions, except per share data) FY 2025 2Q 2025 Outlook Highlights REVENUE $10,435 - $10,495 $2,560 - $2,585 • Confirming 2Q 2025 ADJ. REVENUE GROWTH 4.6% - 5.2% 4.2% - 5.0% revenue growth Banking 3.7% - 4.4% 3.7% - 4.4% accelerati
Slide 12: Financial Summary
Financial Summary • First quarter results were above expectations; strong start on FCF conversion • On track for Banking revenue growth acceleration in 2Q 2025 • Reaffirming FY 2025 Outlook with total shareholder return of 11% - 13% (1) • 1Q 2025 capital return of $670M; confident in FY 2025 capital
Slide 13: Durable Operating Model Across All Economic Cycles
Durable Operating Model Across All Economic Cycles 1 We are: 2 We have: 3 We deliver: Scaled Global Broad Suite Of Technology Distribution & Best-Of-Breed Leader Marquee Set Solutions Of Clients 13
Slide 14: Appendix
KIS Appendix
Slide 15: 2Q & FY 2025 Outlook – Additional Assumptions
2Q & FY 2025 Outlook – Additional Assumptions $ millions 2Q 2025 OUTLOOK FY 2025 OUTLOOK Negative F/X Impact to Revenue ~$10 ~$50 Corporate and Other Revenue $35 - $40 ~$165 Interest Expense ~$90 ~$365 - $370 Effective Tax Rate ~12% - 12.5% ~12% - 12.5% Shares Outstanding ~528M ~528M Depreciation an
Slide 16: Forward-Looking Statements
Forward-Looking Statements This presentation and today’s webcast contain “forward-looking statements” within the meaning of the U.S. federal securities laws. Statements that are not historical facts, as well as other statements about our expectations, beliefs, intentions, or strategies regarding the
Slide 17: Forward-Looking Statements
Forward-Looking Statements • the risk that partners and third parties may fail to satisfy their legal obligations to us; • risks associated with managing pension cost, cybersecurity issues, IT outages and data privacy; • our ability to navigate the opportunities and risks associated with using and/o
Slide 18: FIS Use of Non-GAAP Financial Information
FIS Use of Non-GAAP Financial Information Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting in the United States. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizi
Slide 19: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED MARCH 31, 2025 BANKING CAPITAL MARKET OPERATING SEGMENT CORPORATE AND CONSOLIDATED SOLUTIONS SOLUTIONS TOTAL OTHER FIS Revenue $1,718 $764 $2,482 $50 $2,532 FX 6 2 8 2 10 Constant Currency Revenue $1,724 $767 $2,490 $52 $2,542 THREE MO
Slide 20: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED MARCH 31, 2025 Net cash provided by operating activities $457 Non-GAAP adjustments: Acquisition, integration and other payments (1) 134 Settlement activity 10 Adjusted cash flows from operations $601 Capital expenditures (233) Adjusted
Slide 21: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED MARCH 31, 2025 2024 Net earnings (loss) attributable to FIS from continuing operations $77 $(1) Provision (benefit) for income taxes 81 20 Interest expense, net 80 77 Equity method investment (earnings) loss, net of tax 71 86 Other, ne
Slide 22: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED MARCH 31, 2025 2024 Net earnings (loss) attributable to FIS from discontinued operations $- $707 Provision (benefit) for income taxes - (991) Interest expense, net (1) (1) Other, net (1) 470 Operating income (loss) $(2) $185 Depreciati
Slide 23: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED MARCH 31, 2025 2024 Earnings (loss) attributable to FIS from continuing operations $77 $(1) Equity method investment (earnings) loss, net of tax 71 86 Earnings (loss) attributable to FIS from continuing operations, excluding equity met
Slide 24: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED MARCH 31, 2025 2024 Earnings (loss) attributable to FIS from discontinued operations, net of tax $- $707 Non-GAAP adjustments from discontinued operations: Acquisition, integration and other costs (2) - 13 Loss on sale of disposal grou
Slide 25: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED MARCH 31, 2025 2024 Earnings (loss) attributable to FIS from continuing operations $0.15 $- Equity method investment (earnings) loss, net of tax 0.13 0.15 Earnings (loss) attributable to FIS from continuing operations, excluding equity
Slide 26: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials THREE MONTHS ENDED MARCH 31, 2025 2024 Earnings (loss) attributable to FIS from discontinued operations, net of tax $- $1.22 Non-GAAP adjustments from discontinued operations: Acquisition, integration and other costs (2) - 0.02 Loss on sale of disposal g
Slide 27: Notes to Unaudited – Supplemental Reconciliations
Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations (1) This item represents purchase price amortization expense on all intangible assets acquired through various Company acquisitions, including customer relationships, contract value, technology assets, trademarks and trade names. The
Slide 28: Notes to Unaudited – Supplemental Reconciliations
Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations THREE MONTHS ENDED MARCH 31, 2025 2024 Continuing Operations: Acquisition and integration $8 $24 Enterprise transformation, including Future Forward and platform modernization 46 73 Severance and other termination expenses 59 18 Sepa
Slide 29: Notes to Unaudited – Supplemental Reconciliations
Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations (8) This item represents FIS' proportionate share of Worldpay's non-GAAP adjustments on its earnings (loss) consistent with FIS' non-GAAP measures and is comprised of the following: THREE MONTHS ENDED MARCH 31, 2025 THREE MONTHS ENDE
Slide 30: Supplemental Financial Information
Supplemental Financial Information - Unaudited Summary of Worldpay Holdco, LLC financial information is as follows: THREE MONTHS ENDED THREE MONTHS ENDED MARCH 31, 2025 MARCH 31, 2024 (1) Revenue $1,281 $832 Gross profit $613 $385 Earnings (loss) before income taxes $(180) $(230) Net earnings (loss)
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