Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Merger or Acquisition (April 2025)
21 slides from Fidelity National Information Services's merger presentation, Apr 17, 2025
Slide 1: FIS Announces Strategic Transactions
Exhibit 99.2 FIS Announces Strategic Transactions April 17, 2025
Slide 2: Disclosures: Forward-looking Statements
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 3: Statement Regarding Forward-Looking Information
Statement Regarding Forward-Looking Information This communication contains “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
Slide 4: Statement Regarding Forward-Looking Information
Statement Regarding Forward-Looking Information • the risk that implementation of software, including software updates, for customers or at customer locations or employee error in monitoring our software and platforms may result in the corruption or loss of data or customer information, interruption
Slide 5: Sale of Worldpay Stake and Strategic Acquisition of Global Payments Issuer Solutions Business
Sale of Worldpay Stake and Strategic Acquisition of Global Payments Issuer Solutions Business
Slide 6: Key Transaction Highlights
Key Transaction Highlights Strategic Portfolio Financial Completes payments Simplifies & strengthens Enhances financial offering with scaled credit business portfolio at profile; recurring revenue, processing capability attractive multiples EBITDA and free cash flow Extends value proposition Replace
Slide 7: Acquisition Reinforces FIS' Long-Term Strategy
Acquisition Reinforces FIS’ Long-Term Strategy Strategic Differentiators Broad Suite of Global A Scaled Distribution & Best-of-breed Technology 3 2 1 Marquee Clients Solutions Leader Creates a $12B+ revenue, Adds critical credit Extends value proposition more diversified, global processing at scale
Slide 8: Strengthens Portfolio at Attractive Multiples
Strengthens Portfolio at Attractive Multiples FIS will sell its minority stake in Concurrently, FIS will acquire ATTRACTIVE MULTIPLES Worldpay to Global Payments 100% stake in Global Payments’ 1 ISSUER SOLUTIONS EV / MULTIPLE Issuer Solutions business • Enterprise Value of $24.25B, representing sale
Slide 9: Scaled Global Credit Processor
Scaled Global Credit Processor MONEY MONEY AT REST IN MOTION Credit Managed Professional Commercial & Value-added Processing Services Services B2B Services Solutions Enterprise Commercial & Fraud Contact Consulting Tokenization Expense Processing Detection Center & Implementation Authorization & Rew
Slide 10: Scaled High Margin Financial Profile
Scaled High Margin Financial Profile 2024 Metrics, Issuer Solutions Strong Robust FCF Scaled Durable Margins Generation $2.5B $1.1B 45.1% $0.7B REVENUE ADJ. EBITDA ADJ. EBITDA UNLEVERED FCF MARGIN 10
Slide 11: Holistic Solution Offering for Financial Institutions
Holistic Solution Offering for Financial Institutions MONEY MONEY MONEY AT REST IN MOTION AT WORK Core Credit processor Digital with 885M+ Credit accounts on file Commercial Complete Debit lending Product Suite Well positioned to serve financial Treasury Network institutions Trading & Money Processi
Slide 12: Unlocking Addressable Market with Large Banks
Unlocking Addressable Market with Large Banks Cross Sell White Space Total ‘Payments’ $1.1B $850M $200M Credit + Debit ‘Cap Markets’ $300M $530M $830M Lending + Trading ‘Banking’ $450M $250M $200M Core + Network Of the top 150 large banks FIS provides at least one Issuer Solutions provides at FIS &
Slide 13: Combination Enhances Operating Scale and Margins
Combination Enhances Operating Scale and Margins PRO FORMA 2024 FIS Issuer Solutions Combined Inc / (Dec) ($ millions) REVENUE $10,127 $2,460 $12,587 +24% Banking Solutions $6,892 $2,460 $9,352 +36% ADJ. EBITDA $4,136 $1,110 $5,246 +27% Banking Solutions $3,032 $1,110 $4,142 +37% ADJ. EBITDA MARGIN
Slide 14: Strengthens Banking Financial Profile
Strengthens Banking Financial Profile PRO FORMA 2024 Banking Issuer Solutions Combined Inc / (Dec) ($ millions) REVENUE $6,892 $2,460 $9,352 +36% Adj. Rev Growth % 2.2% 3.6% 2.6% +0.4ppt RECURRING $5,752 ~$2,086 ~$7,838 ~+36% Recurring % of Total 83% ~85% ~84% ADJ. EBITDA $3,032 $1,110 $4,142 +37% A
Slide 15: Targeting Over $150M of Adj. EBITDA Synergies by Year 3
Targeting Over $150M of Adj. EBITDA Synergies by Year 3 REVENUE COST SYNERGIES SYNERGIES Incremental $45M $125M Adj. EBITDA 4%+ Revenue Growth Expanding Adj. EBITDA Margins >$125M L-T Synergies by Year 3 Extending Credit Processing Rationalize Duplicate into FIS Client Base Vendor Costs >$150M Expan
Slide 16: Fortifies Growth & Scale, Boosting Margins & FCF
Fortifies Growth & Scale, Boosting Margins & FCF (1) Key Assumptions • 4% Adj. revenue growth for Issuer Solutions Durable revenue growth • Modestly accelerating with synergy • ~$1.2B contribution in first 12 months Boosts EBITDA margin 2 • Synergies of >$150M by year 3 Favorable long-term tax rate
Slide 17: Capital Allocation Priorities Unchanged Until Deal Close
Capital Allocation Priorities Unchanged Until Deal Close; Quickly De-Lever to Maintain Investment Grade Investment Ongoing Dividend M&A/Share Grade Rating Growth Repurchases Capital allocation priorities Strong balance sheet Competitive dividend yield remain unchanged until deal remains a differenti
Slide 18: Preliminary 1Q 2025 Results - Strong Start to 2025
Preliminary 1Q 2025 Results - Strong Start to 2025 METRICS 1Q 2025 1Q 2025 ($ millions, except per share data) Outlook Preliminary Results Operational Highlights • Total company recurring REVENUE $2,485 - $2,510 $2,532 revenue growth of 4% ADJ. REVENUE GROWTH 2.5% - 3.5% 4% • Banking recurring Banki
Slide 19: Key Transaction Highlights
Key Transaction Highlights Strategic Financial Creates a $12B+ revenue, more Transaction is accretive to Adjusted diversified global financial EBITDA margins, Adjusted EPS and technology leader Free Cash Flow Adds critical credit processing at Strengthens banking financial profile, scale to payments
Slide 20: Appendix
EIS Appendix
Slide 21: Worldpay EV to FIS Net Value Reconciliation
Worldpay EV to FIS Net Value Reconciliation ($ billions) Worldpay Enterprise Value $ 24.25) Net Debt & Debt-Like Items (7.2) Equity Value 17.0) Transaction Fees and Other Costs (0.6) Distribution Value 16.4) FIS 45% Ownership 7.4) Control Premium to GTCR (0.8) Pre-Tax Value 6.6) Total Taxes (0.9) Ne
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