Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Q4 2008 Earnings Presentation
22 slides from Fidelity National Information Services's earnings presentation, Feb 11, 2009
Slide 1: Supplemental Materials 4th Quarter 2008
Fidelity National Information Services Supplemental Materials 4th Quarter 2008
Slide 2: Forward Looking Statements
Forward Looking Statements 2 This presentation contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward- looking statements. Forward-looking statements are base
Slide 3: Use of Non-GAAP Measures
Use of Non-GAAP Measures 3 FIS reports several non-GAAP measures, including earnings before interest, taxes, depreciation and amortization ("EBITDA") and adjusted net earnings, free cash flow and organic revenues. The adjusted results exclude the after-tax impact of merger and acquisition and integr
Slide 4: Fourth Quarter 2008 Earnings Conference Call Agenda
FIS Fourth Quarter 2008 Earnings Conference Call Agenda 4th Quarter 2008 Results Summary Market Overview Financial Review New Segment Reporting 2009 Outlook Q&A 4
Slide 5: Execution Growth
Execution Growth 5 (2) (1) Excludes eFunds revenue from Q1-Q3 in 2008 and 2007. (2) Reflects current period results on a pro forma basis as if foreign currency rates did not change from the comparable prior year period. (1)
Slide 6: Execution Balance Sheet Management
Execution Balance Sheet Management ($ millions) 6 Capital Expenditures Free Cash Flow 124 % Adjusted Net Earnings 2007 2008 $273 $230
Slide 7: Q4 Revenue Growth
Q4 Revenue Growth ($ millions) 7 (1)Reflects current period results on a pro forma basis as if foreign currency rates did not change from the comparable prior year period. (2)Excludes corporate and other revenue comprised primarily of outsourced data processing services provided to Fidelity National
Slide 8: International Revenue
International Revenue FIS Q4-08 Revenue Composition by Major Currency 8 Foreign Currency Exchange Rates Foreign Currency Exchange Rates Foreign Currency Exchange Rates Foreign Currency Exchange Rates LC/$ Q4-08 Q4-07 Change Euro 1.32 1.45 -9.0% Brazil 0.44 0.56 -21.4% UK 1.57 2.04 -23.0% 1Q-08 2Q-08
Slide 9: Currency Adjusted Growth Rates - 2008
Currency Adjusted Growth Rates - 2008 9
Slide 10: Adjusted EBITDA
Adjusted EBITDA ($ millions) 10
Slide 11: Q4 Adjusted Net Earnings
Q4 Adjusted Net Earnings ($ millions) 11
Slide 12: Cash Flows
Cash Flows ($ millions) @1 2008 @22008" _q32008 [a42008] _FY2008 FY 2007" $15 15 a 23 104 att Non-cash adjustments $114 119 129 197 556 58 Working capital adjustments $ (101) 43) (17) (28)| (186) a7 Cash from operations $28 "1 156 198 474 199 Non-GAAP items $55 47 10 3 15 242 $83 138 166 201 589 aa
Slide 13: Total Debt
13 Total Debt ($ millions) Debt 42/31/08 9/30/08 Reduction Term Note A” $ 1,995 2,008 (13) Revolver 499 620 (121) Other Long-term Debt 20 21 (1) Total Debt” $2,514 2,649 (135) Weighted Average Interest Rate 5.1% 5.5% Fixed to Floating Ratio 84% 80% Scheduled Term A repayments of $105M in 2009 and $2
Slide 14: New Reporting Segments
New Reporting Segments 14 Rationale for segment changes: Aligned with how company is now being managed Improved transparency into operational performance Enhanced comparability to peers
Slide 15: New Reporting Segments 2008 Revenue Bridge
New Reporting Segments 2008 Revenue Bridge ($ millions) 15
Slide 16: Retail Check Services
Retail Check Services REVENUE: FIS Consolidated Check Senices Consolidated Excluding Check Enterprise Solutions Check Senices Enterprise Excluding Check Adjusted EBITDA: FIS Consolidated Check Senices Consolidated excluding Check Margin excluding Check Reported Margin 16 ath Quarter Full Year 2005 2
Slide 17: 2009 Outlook
2009 Outlook ($ millions) Revenue Growth - Constant Currency Revenue Growth - As Reported EBITDA Margin Adjusted EPS - As Reported Free Cash Flow Free Cash Flow per Share +3% - 5% +0% - 2% +50 - 100 bps $1.60 - $1.66 $410 - $430 $2.13 - $2.23
Slide 18: 2009 Outlook Assumptions
2009 Outlook Assumptions ($ millions) 18
Slide 19: 2009 Outlook Currency Impact
2009 Outlook Currency Impact 19
Slide 20: Appendix
Appendix 20
Slide 21: Full Year Results
Full Year Results ($ millions) 21
Slide 22: Full Year Adjusted Net Earnings
Full Year Adjusted Net Earnings ($ millions) 22
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