Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Investor Day (May 2016)
80 slides from Fidelity National Information Services's investor day presentation, May 2016
Slide 1: 2016 Investor Conference
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Slide 2: Disclosure
Disclosure 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 future s
Slide 3: Strategic Overview, Segment Updates, Shareholder Value
STRATEGIC SEGMENT SHAREHOLDER OVERVIEW UPDATES VALUE Gary Norcross Anthony Jabbour Woody Woodall President and Chief Executive Officer Co-Chief Operating Officer Chief Financial Officer Marianne Brown Co-Chief Operating Officer Lance Levy Chief Executive Officer, Capco
Slide 4: Strategic Overview
STRATEGIC OVERVIEW Gary Norcross | President and Chief Executive Officer
Slide 5: Why Invest in FIS?
Why Invest in FIS? MISSION CRITICAL DEEP CLIENT INVESTMENT IN SOLUTION AND DIVERSIFIED SYSTEMS RELATIONSHIPS INNOVATION DELIVERY SCALE MARKETS COMPETITIVE DIFFERENTIATION • PREDICTABLE GROWTH • DIVERSIFICATION • LOWER RISK 5
Slide 6: FIS Today
STRATEGIC FIS TODAY OVERVIEW EXECUTING OUR STRATEGY
Slide 7: FIS Today: Empowering the Financial World
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE FIS Today: Empowering the Financial World $9B+ (1) 20K+ 55K+ 100+ REVENUE CLIENTS EMPLOYEES COUNTRIES $9T+ 848M+ 36M+ 27B+ MONEY MOVED CARDS MOBILE BANKING TRANSACTIONS GLOBALLY PROCESSED USERS PROCESSED 420B+ $28T+ 10B+ $800B+ SHARES PER YEAR UND
Slide 8: FIS Today: Solutions Covering the FinTech Landscape
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE FIS Today: Solutions Covering the FinTech Landscape BANKING CORPORATE AND INSTITUTIONAL AND AND WEALTH DIGITAL PAYMENTS WHOLESALE Core Banking Internet Banking Issuer Services Post-Trade Processing Image and Output Solutions Mobile Banking Network
Slide 9: Global Footprint: North America
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE FIS Today: Global Footprint with a Focused Business Model NORTH AMERICA Primary Countries • United States • Canada Key Solutions • Banking and Wealth Management • Corporate and Digital • Payments Est. Market Size • Buy Side $118B* • Capital Market
Slide 10: Global Footprint: EMEA
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE FIS Today: Global Footprint with a Focused Business Model EMEA Primary Countries • United Kingdom • Germany • France Key Solutions • Banking and Wealth Management • Payments • Buy Side Est. Market Size • Capital Markets $105B* • Trading 15% Est. C
Slide 11: Global Footprint: Asia Pacific
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE FIS Today: Global Footprint with a Focused Business Model ASIA PACIFIC Primary Countries • India • Singapore • Australia • Thailand • Hong Kong • Philippines Key Solutions • Banking • Payments Est. Market Size • Capital Markets $59B* • Trading 5%
Slide 12: Global Footprint: Latin America
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE FIS Today: Global Footprint with a Focused Business Model LATIN AMERICA Primary Countries • Brazil Key Solutions • Payments • Banking • Digital Est. Market Size $10B* 4% Est. CAGR ’14 –’19 5% * 2017 Source: Ovum Technology spending through 2020 (s
Slide 13: FIS Today: Expanding Relationships
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE FIS Today: Expanding Relationships Increasing RELATIONSHIP HAS IP-led revenue GROWN BY 125% for GFS clients 13
Slide 14: FIS Today: Recognized Leader
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE FIS Today: Recognized Leader Best of the Best in Origination IT Best of the Best in Servicing IT BEST SOLUTIONS + BEST PEOPLE Global Leader Issuer Processor and Packaged Software Top 5 Best Companies to Work for in India Large Organizations FIS Ca
Slide 15: FIS Today: Strong Historical Performance
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE FIS Today: Strong Historical Performance HIGH RECURRING CONSISTENT DIVIDENDS(2) REVENUE(1) EPS GROWTH(1) 6% 10% 9% CAGR CAGR CAGR 10 11 12 13 14 15 10 11 12 13 14 15 10 11 12 13 14 15 (1) Adjusted (2) 3-Year CAGR (2012-2015) Refer to www.investor.
Slide 16: Executing Our Strategy
HIS 2016 INVESTOR CONFERENCE Executing Our Strategy
Slide 17: Our Growth Strategy
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Our Growth Strategy EXECUTION INNOVATION INORGANIC BASE BUSINESS UNLOCK ENTERPRISE ACQUISITIONS GROWTH VALUE Effectively sell, deliver and Strategic investment to Continue to strategically service existing clients leverage solution portfolio, expa
Slide 18: Evolving with Technology – Growing Our Base Business
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Evolving with Technology – Growing Our Base Business Technology disruption continues to challenge financial institutions 2010s 2000s 2015 1990s REVENUE 2011 Public Cloud ~$9.1B(1) REVENUE 2001 Smartphones ~$5.7B Digital Experience REVENUE Machine
Slide 19: Our Growth Strategy
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Our Growth Strategy EXECUTION INNOVATION INORGANIC BASE BUSINESS UNLOCK ENTERPRISE ACQUISITIONS GROWTH VALUE Effectively sell, deliver and Strategic investment to Continue to strategically service existing clients leverage solution portfolio, expa
Slide 20: Unlocking Enterprise Value: Multi-faceted Approach to Innovation
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Unlocking Enterprise Value: Multi-faceted Approach to Innovation Research & San Francisco London Bangkok Development Deep focus on mobile Consumer-led design Immersion into cutting-edge technologies We put ~6% of revenue back into development to f
Slide 21: Our Growth Strategy
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Our Growth Strategy EXECUTION INNOVATION INORGANIC BASE BUSINESS UNLOCK ENTERPRISE ACQUISITIONS GROWTH VALUE Effectively sell, deliver and Strategic investment to Continue to strategically service existing clients leverage solution portfolio, expa
Slide 22: SunGard Is a Natural Extension of the FIS Strategy
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE SunGard Is a Natural Extension of the FIS Strategy STRATEGIC ACQUISITION CRITERIA … … ENHANCING SHAREHOLDER VALUE 1. Financial services focused INCREASES offerings and new markets for whitespace 2. New products to extend to markets served ENHANCES
Slide 23: Delivering Shareholder Value via Transformational Acquisitions
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Delivering Shareholder Value via Transformational Acquisitions Company Acquisition Date Synergy Target ($M) Exceeded Nov. 2015 200 Oct. 2009 260 ✔ Sep. 2007 65 ✔ HISTORICALLY Feb. 2006 50 ✔ EXCEEDED TARGETS BY Dec. 2004 25 ✔ AN AVERAGE OF 30% Jul.
Slide 24: Strategic Overview, Segment Updates, Shareholder Value
STRATEGIC SEGMENT SHAREHOLDER OVERVIEW UPDATES VALUE Gary Norcross Anthony Jabbour Woody Woodall President and Chief Executive Officer Co-Chief Operating Officer Chief Financial Officer Marianne Brown Co-Chief Operating Officer Lance Levy Chief Executive Officer, Capco
Slide 25: Operating Segments
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Operating Segments Integrated Financial Global Financial Solutions Solutions 25
Slide 26: Operating Segments: Integrated Financial Solutions
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Operating Segments Key Characteristics • North American community & regional financial institutions Integrated Financial • One-to-many outsourcing model Solutions • Highly recurring • Long-term contracts • Strong margins with continued expansion M
Slide 27: Operating Segments: Global Financial Solutions
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Operating Segments Key Characteristics • Global and international clients Global Financial • Mission critical applications Solutions • Growing trend from build to buy • Diverse markets; scale in key geographies • Higher growth potential with margi
Slide 28: Leadership Introductions
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Leadership Introductions ANTHONY JABBOUR MARIANNE BROWN LANCE LEVY Co-Chief Operating Officer Co-Chief Operating Officer Chief Executive Officer, Capco Global accountability for solution Global accountability for solution Global accountability for
Slide 29: Integrated Financial Solutions
Integrated Financial Solutions Anthony Jabbour, Co-Chief Operating Officer
Slide 30: Integrated Financial Solutions (IFS) Today
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE INTEGRATED FINANCIAL SOLUTIONS Integrated Financial Solutions (IFS) Today INTEGRATED PLATFORM provider to MOST COMPLETE ~$4.3B ~86% U.S. community and regional FIs SOLUTION SET ONE-to-MANY significant operating REVENUES(1) RECURRING REVENUES(1) le
Slide 31: Key Domains and Solutions
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE INTEGRATED FINANCIAL SOLUTIONS Key Domains and Solutions Our portfolio of integrated solutions uniquely positions FIS to capitalize on today’s market trends BANKING & WEALTH PAYMENTS CORPORATE & DIGITAL Core Banking REVENUE Issuer Services REVENUE
Slide 32: Market Dynamics
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE INTEGRATED FINANCIAL SOLUTIONS Market Dynamics Market trends drive organic growth MARKET DRIVERS FIS GROWTH LEVERS BUSINESS MODEL Run the Bank Increase core market share DEVELOP ONCE/DELIVER MANY • Modernize systems and processes Leverage existing
Slide 33: Empowerment in Action
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE INTEGRATED FINANCIAL SOLUTIONS Empowerment in Action EXTENDING RELATIONSHIPS POWERING ENABLING LEVERAGING ENABLING GROWTH ADOPTION SCALE COMPLIANCE DATA & ANALYTICS CARDLESS CASH REAL-TIME PAYMENTS RISK-AS-A-SERVICE SOLUTIONS Recognizing an unsolv
Slide 34: Growth through Client Empowerment
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE INTEGRATED FINANCIAL SOLUTIONS Growth through Client Empowerment INTEGRATED BANKING SUITE DIGITAL BANKING SOLUTIONS • The $6B bank is moving from a highly customized • Community bank based in the Midwest set of applications to the FIS integrated s
Slide 35: Key Operating Characteristics
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE INTEGRATED FINANCIAL SOLUTIONS Key Operating Characteristics Predictable revenue; operating leverage MISSION CRITICAL HIGHLY RECURRING MARGIN GROWTH driving margin SYSTEMS REVENUES EXPANSION LEVERS expansion Our integrated solutions perform Long-t
Slide 36: Global Financial Solutions
Global Financial Solutions Marianne Brown, Co-Chief Operating Officer Lance Levy, Chief Executive Officer, Capco
Slide 37: Global Financial Solutions (GFS) Today
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE GLOBAL FINANCIAL SOLUTIONS Global Financial Solutions (GFS) Today MISSION CRITICAL IP-led solutions; IMPROVED REVENUE ~$4.1B ~85% driving sales momentum QUALITY LEVERAGE portfolio; build once and REVENUES(1) IP-CENTRIC REVENUES(1) package MARGIN E
Slide 38: Key Domains and Solutions
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE GLOBAL FINANCIAL SOLUTIONS Key Domains and Solutions Well positioned to capitalize on increasing demand for outsourcing BANKING AND INSTITUTIONAL AND CONSULTING PAYMENTS WHOLESALE Banking REVENUE Buy Side REVENUE North America REVENUE ~$1.6B(1) ~$
Slide 39: Key Domains and Solutions
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE GLOBAL FINANCIAL SOLUTIONS Key Domains and Solutions BANKING AND BUY CAPITAL GLOBAL PAYMENTS SIDE MARKETS TRADING Core Banking Fund Accounting Back Office Processing Trade Execution Channel Middle Office Risk and Compliance Order Management Issuer
Slide 40: GFS – Institutional and Wholesale
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE GLOBAL FINANCIAL SOLUTIONS GFS – Institutional and Wholesale Key capabilities BUY SIDE CAPITAL MARKETS GLOBAL TRADING CAPABILITIES RECORD KEEPING AND TRADE SECURITIES, FUTURES & RISK MEASUREMENT AND REGULATORY REPORTING INVESTMENT ACCOUNTING ENABL
Slide 41: Serving Clients across the Spectrum of Financial Services
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE GLOBAL FINANCIAL SOLUTIONS Serving Clients across the Spectrum of Financial Services CONSUMER/ CAPITAL MARKETS/ COMMERCIAL BANKING INSTITUTIONAL EMPOWERING THE FINANCIAL WORLD 41
Slide 42: Growth through Client Empowerment
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE GLOBAL FINANCIAL SOLUTIONS Growth through Client Empowerment CROSS SELL OUTSOURCING FINANCIAL INCLUSION DISRUPTOR Tier 1 Multinational Investment Firm • Integrated three FIS solutions: • Post-trade derivatives • FIS’ second new bank • The UK’s fir
Slide 43: Global Financial Solutions
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE GLOBAL FINANCIAL SOLUTIONS Global Financial Solutions Predictable performance, improved revenue quality and margin MISSION CRITICAL RECURRING MARGIN GROWTH expansion SYSTEMS REVENUES EXPANSION LEVERS Account processing and Highly renewable – stick
Slide 44: Global Financial Solutions
Global Financial Solutions Marianne Brown, Co-Chief Operating Officer Lance Levy, Chief Executive Officer, Capco
Slide 45: GFS Consulting – Capco Today
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE GFS – CONSULTING GFS Consulting – Capco Today Strong market presence focused on the same domains as FIS KEY DOMAINS SERVED ~$550M (1) BANKING AND PAYMENTS INSTITUTIONAL AND WHOLESALE REVENUES Retail Banking and Distribution | Commercial and SME Po
Slide 46: Capco Journey
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE GFS – CONSULTING Capco Journey Evolution from thought leadership niche provider, to focused, high-value transformational consulting capability to complement FIS offerings 2012 2013 – 2015 2016 CAPITAL MARKETS ADVISORY EXPANSION FOCUSED GROWTH Refo
Slide 47: Growth through Client Empowerment
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE GFS – CONSULTING Growth through Client Empowerment LONG-STANDING FIS CLIENT LAUNCHING DIGITAL BANK AIMED AT MILLENNIALS STRONG DIGITAL EXECUTION FOUNDATIONS INNOVATION EXCELLENCE Client strategy to launch new digital Bespoke, innovative digital pl
Slide 48: Strategic Overview, Segment Updates, Shareholder Value
STRATEGIC SEGMENT SHAREHOLDER OVERVIEW UPDATES VALUE Gary Norcross Anthony Jabbour Woody Woodall President and Chief Executive Officer Co-Chief Operating Officer Chief Financial Officer Marianne Brown Co-Chief Operating Officer Lance Levy Chief Executive Officer, Capco
Slide 49: Shareholder Value
SHAREHOLDER VALUE Woody Woodall | Chief Financial Officer
Slide 50: Shareholder Value Topics
SHAREHOLDER FIS BUSINESS MODEL VALUE OPERATING SEGMENTS Woody Woodall Chief Financial Officer CAPITAL ALLOCATION 2016 – 2018 OUTLOOK WHY INVEST IN FIS?
Slide 51: FIS Business Model: Maximizes Industry Opportunity
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE FIS Business Model: Maximizes Industry Opportunity Industry Characteristics Investors Value FIS Long-term Contracts Mission Critical Applications Cash Flow Generation Consistent Earnings Growth IP-centric Solution Set 51
Slide 52: FIS Business Model: Compelling Business Model
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE FIS Business Model: Compelling Business Model High-quality Expanding revenue margins SunGard fits these qualities Strong cash Sustainable generation EPS growth 52
Slide 53: Operating Segments: IFS
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Operating Segments: IFS Adjusted Combined FY 2015 Drivers of Growth ~$4.3B ONE-to- REVENUES MANY HIGH • Revenue from long-term contractual INCREMENTAL relationships MARGINS • Need for increased use of technology to remain competitive • Leveraged s
Slide 54: Operating Segments: GFS
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Operating Segments: GFS Adjusted Combined FY 2015 Drivers of Growth ~$4.1B ~85% REVENUES IP-LED REVENUE • Compelling value proposition of combined intellectual property and professional services • Increase in technology spending is attributed to g
Slide 55: Operating Segments: Corporate and Other
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Operating Segments: Corporate and Other Adjusted Combined FY 2015 Adj. Combined FY 2015 C&O Revenue Composition Revenue $ 651M ~7% TOTAL FIS REVENUE Retail Check Public Sector Processing 21% & Education 36% EBITDA $ (189)M Commercial Services 43%
Slide 56: Capital Allocation: Consistent Capital Allocation Practices
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Capital Allocation: Consistent Capital Allocation Practices • Internal investment for organic growth Investing for Growth • Acquisitions accretive to future EPS growth • Aggressively pay down debt Strong Balance Sheet • Preserve investment grade c
Slide 57: Capital Allocation: Commitment to Debt Reduction
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Capital Allocation: Commitment to Debt Reduction $ Billions $11.4(1) Total Debt Leverage Ratio(2) ~4.0 $4.8 $4.5 $5.1 $4.4 2.8 2.6 ~2.5 2.4 2.4 2011 2012 2013 2014 2015 2016 2017 Targeting to exit 2017 at approximately 2.5x leverage (1) December 3
Slide 58: Capital Allocation: M&A Principles
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Capital Allocation: M&A Principles Acquisition Principles Divestiture Principles • Buy products to cross sell/ up sell • End customers not aligned STRATEGIC • Expand market to long-term FIS strategy STRATEGIC RATIONALE opportunities • Minimal disr
Slide 59: Capital Allocation: SunGard Integration Overview
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Capital Allocation: SunGard Integration Overview INTEGRATION PLAYBOOK OVERACHIEVING FORECASTED SYNERGIES • Accelerated run-rate forecast • External vendor savings Internal value for 2016 • Scale of organizational SunGard update enhancements struct
Slide 60: 2016 – 2018 Financial Outlook: IFS
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE 2016 – 2018 Financial Outlook: Integrated Financial Solutions (IFS) ANNUAL ORGANIC REVENUE GROWTH SCENARIOS Low Growth: + 3% High Growth: + 6% Macro-economic softness (payment volumes) Cross-sale and up-sale execution Accelerated bank consolidatio
Slide 61: 2016 – 2018 Financial Outlook: GFS
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE 2016 – 2018 Financial Outlook: Global Financial Solutions (GFS) ANNUAL ORGANIC REVENUE GROWTH SCENARIOS Low Growth: + 3% High Growth: + 8% Professional services volatility continues Ramp in Consulting recovery Ongoing weakness of global economy Im
Slide 62: Consolidated FIS Outlook: 2016 – 2018
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Consolidated FIS Outlook: 2016 – 2018 2016 – 2018 Outlook ANNUAL Organic Revenue 3% to 7% EBITDA Margin Expansion (synergies included) 75 to 125 bps Adjusted Net Earnings(1) 13% to 18% (1) Refers to Adjusted net earnings from continuing operations
Slide 63: Consolidated FIS Outlook: Earnings Growth Drivers
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Consolidated FIS Outlook: 2016 – 2018 Earnings Growth Drivers 2% - 3% 13% - 18% ~2% ~6% Implied 2018 EPS: 3% - 7% $4.70 - $5.10 Organic Margin Expansion Debt Paydown Effective Tax Rate Adjusted Net Earnings Revenue Growth (BAU + Synergies) Reducti
Slide 64: Why Invest in FIS?: Attractive Valuation Relative to Peers
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Why Invest in FIS?: Attractive Valuation Relative to Peers 3 YEAR PRICE / EARNINGS VALUATION DISCOUNT 24.0x FIS Peer Average 22.0x 20.0x S&P • FIS valued at 20% discount to 18.0x Peer Average 16.0x • Valuation trending positively 14.0x 12.0x • Foc
Slide 65: Why Invest in FIS?: Positioned for Long-term Shareholder Returns
STRATEGIC OVERVIEW SEGMENT UPDATES SHAREHOLDER VALUE Why Invest in FIS?: Positioned for Long-term Shareholder Returns CONTINUED HIGH-QUALITY PREDICTABLE STRONG CASH COMPELLING MARKET RECURRING AND CONSISTENT FLOW VALUATION GAP LEADERSHIP REVENUE EPS GROWTH GENERATION Q&A 65
Slide 66: Why Invest in FIS?
Why Invest in FIS? MISSION CRITICAL DEEP CLIENT INVESTMENT IN SOLUTION AND DIVERSIFIED SYSTEMS RELATIONSHIPS INNOVATION DELIVERY SCALE MARKETS COMPETITIVE DIFFERENTIATION • PREDICTABLE GROWTH • DIVERSIFICATION • LOWER RISK 66
Slide 67: Appendix
HIS 2016 INVESTOR CONFERENCE APPENDIX
Slide 68: Forward-Looking Statements
APPENDIX 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, including statements about anticipated financial outcomes, including any earnings guidance
Slide 69: Forward-Looking Statements
APPENDIX Forward-Looking Statements • the risks of reduction in revenue from the elimination of existing and potential customers due to consolidation in, or new laws or regulations affecting, the banking, retail and financial services industries or due to financial failures or other setbacks suffere
Slide 70: Non-GAAP Financial Information and Reconciliation
APPENDIX Non-GAAP Financial Information and Reconciliation Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing t
Slide 71: Definitions of Non-GAAP Financial Measures
APPENDIX Definitions of Non-GAAP Financial Measures Adjusted revenue includes reported revenue and is increased to adjust for the purchase accounting deferred revenue adjustment to estimated fair value, determined as fulfillment cost plus a normal profit margin. The deferred revenue adjustment repre
Slide 72: Definitions of Non-GAAP Financial Measures
APPENDIX Definitions of Non-GAAP Financial Measures EBITDA reflects earnings from continuing operations before interest, taxes, depreciation and amortization. Constant currency revenue is reported revenue excluding the impact of fluctuations in foreign currency exchange rates in the current period.
Slide 73: Reconciliation of GAAP to Non-GAAP Financial Measures
APPENDIX Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted Combined (In millions) Year ended December 31, 2015 Integrated Global Financial Financial Corporate Solutions Solutions and Other Co
Slide 74: Reconciliation of GAAP to Non-GAAP Financial Measures
APPENDIX Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted Revenue For the Years ended 2010-2015 (In millions) 2015 2014 2013 2012 2011 2010 Processing and services revenues 6595.2 6,413.8 6,
Slide 75: Reconciliation of GAAP to Non-GAAP Financial Measures
APPENDIX Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted EPS (In millions) Year ended December 31, 2015 Acquisition, Acquisition Integration, Deferred and Sale of Purchase Revenue Severance
Slide 76: Reconciliation of GAAP to Non-GAAP Financial Measures
APPENDIX Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted EPS (In millions) Year ended December 31, 2014 Acquisition, Integration, and Purchase Severance Refinance Contract Price GAAP Costs
Slide 77: Reconciliation of GAAP to Non-GAAP Financial Measures
APPENDIX Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted EPS (In millions) Year ended December 31, 2013 Capco International Purchase Acquisition Refinance Restructuring Gain on Price GAAP A
Slide 78: Reconciliation of GAAP to Non-GAAP Financial Measures
APPENDIX Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted EPS (In millions) Year ended December 31, 2012 Stock and Purchase Other Compensation Refinance Price GAAP Charges Costs Subtotal Amo
Slide 79: Reconciliation of GAAP to Non-GAAP Financial Measures
APPENDIX Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted EPS (In millions) Year ended December 31, 2011 Purchase Capco Refinance Investment Price GAAP Adjustment Costs Impairment Subtotal A
Slide 80: Reconciliation of GAAP to Non-GAAP Financial Measures
APPENDIX Reconciliation of GAAP to Non-GAAP Financial Measures (in Millions, Except Per Share Data) (Unaudited) GAAP to Non-GAAP Reconciliation - Consolidated Adjusted EPS (In millions) Year ended December 31, 2010 M&A Acquisition Restructuring Deferred Purchase & Integration Brazilian Revenue Price
Fidelity National Information Services — Investor Day (May 2016) on 6ix