Equifax, Inc. · NYSE:EFX
Equifax — Merger or Acquisition (December 2022)
14 slides from Equifax's merger presentation, Dec 19, 2022
Slide 1: Boa Vista Servicos Acquisition Offer Investor Update
December 19, 2022 Boa Vista Servicos Acquisition Offer Investor Update CkEVpbp7dKASKNOIZJZ1WLTQ2lsQQgSn
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains certain forward-looking information to help you understand Equifax and its business environment. All statements that address operating performance and events or developments that we expect or anticipate will occur in the future, including stateme
Slide 3: No Offer or Solicitation; Filings with the SEC
No Offer or Solicitation; Filings with the SEC NO OFFER OR SOLICITATION This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawfu
Slide 4: EFX has made offer to acquire BVS, the second largest credit bureau in large and fast-growing Brazilian market
EFX has made offer to acquire BVS, the second largest credit bureau in large and fast-growing Brazilian market EFX has made offer to acquire all outstanding shares of Boa Vista Servicos (“BVS”)… R$8 offer implying an Enterprise Value of USD$583M¹… Paid in combination of cash, EFX BDRs², and EFX Brazil
Slide 5: Proposal Overview
Proposal Overview ● Under the terms of the proposal, Equifax would offer all BVS shareholders the option to receive (1) R$8.00 per share in cash, (2) a combination of cash and Brazilian Depositary Receipts (“BDRs”) representing shares of Equifax common stock or (3) a combination Financial Considerati
Slide 6: Brazilian Credit Bureau Industry
Brazilian Credit Bureau Industry Estimated Market Share for Credit Bureau Industry in Brazil Estimated Brazilian TAM for BVS’s Product Offerings 4% 13% 15% 67% ~$700M(1)(2) Credit Bureau Main Clients of Credit Bureau Players Traditional Financial Fintechs Other Clients Institutions Fintechs are the C
Slide 7: BVS Overview
BVS Overview BVS is a high-quality credit bureau in Brazil ● BVS is a key player in a large, fast-growing Brazilian market that provides data collection, data processing, and analytical solutions (decision and recovery products) BVS ● BVS is seeing strong growth with positive data adoption across Br
Slide 8: BVS is a leader in analytical solutions
BVS is a leader in analytical solutions Leading Credit Bureau with 1 Advanced Analytics BVS is a leading provider of credit reporting services and analytical solutions. Founded in 2010, BVS is headquartered in Sao Paulo, Brazil ● Extensive and exclusive database built over many 1M+ customers across
Slide 9: BVS has shown strong historical financial performance
BVS has shown strong historical financial performance Financial Impact ✓ 11X 2021 EBITDA multiple drives attractive EFX returns ✓ Accretive revenue growth rates Reais in millions and EBITDA margins, EPS accretive in year 1 Recovery Services Strategic bolt-on acquisition Decision Services ✓ Aligned wi
Slide 10: EFX will deliver strong synergies to BVS
EFX will deliver strong synergies to BVS Improve BVS’s Competitive Position to More Actively Participate in the 1 Brazilian Credit Revolution EFX’s cloud native technology and unique datasets would help BVS become the go-to platform for Brazilian institutions and businesses Expand BVS’s Offerings to
Slide 11: BVS would broaden our global presence in an important growth market
BVS would broaden our global presence in an important growth market CANADA UNITED KINGDOM UNITED STATES IBERIA INDIA Key Revenue Drivers Consumer Credit Brazil Commercial Credit LATAM Employment & Income AUSTRALIA NEW ZEALAND Identity & Fraud Analytics Collections PROPRIETARY | 11
Slide 12: BVS aligns with EFX bolt-on M&A strategy
BVS aligns with EFX bolt-on M&A strategy… Adding over ~$615M in revenue plus synergies to non-mortgage run-rate revenue in last 24 months Run-rate Revenue M&A PRIORITIES ~$615M / ~1,150 BPS¹ Date Differentiated Data Strengthen EWS Broaden ID&F Capabilities $175M Insights 4Q21 ✓ ✓ ✓ ~$165M BVS³ 2Q23
Slide 13: BVS would add over $165M in non-mortgage revenue from the fast growing Brazilian market
BVS would add over $165M in non-mortgage revenue from the fast growing Brazilian market +$1B Non-Mtg Rev Since 2019 Non-Mortgage $47B ~$5.1B Growth Levers BVS ✓ EWS expansion into US – Empl. Svcs /HR US - Govt Talent, Government, US - Talent $3.5B I9 / Onboarding ✓ USIS Identity & ID&F Fraud acceler
Slide 14: Trevor Burns • Investor Relations
Trevor Burns • Investor Relations • trevor.burns@equifax.com Copyright © 2022 Equifax Inc. All Rights Reserved. Equifax is a registered trademark of Equifax Inc. PROPRIETARY | 14