IQVIA Holdings, Inc. · NYSE:IQV

IQVIA — Quintiles — Q4 2014 Earnings Presentation

14 slides from IQVIA's earnings presentation, Feb 12, 2015

1. Slide 1: Fourth Quarter 2014 Earnings Call

   Fourth Quarter 2014 Earnings Call February 12, 2015 © Copyright 2014 Quintiles

2. Slide 2: Forward Looking Statements and Use of Non-GAAP Financial Measures

   Forward Looking Statements and Use of Non-GAAP Financial Measures This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements refl

3. Slide 3: Fourth Quarter and Full Year 2014 Overview

   Fourth Quarter and Full Year 2014 Overview Fourth quarter results  22.2% net new business growth  9.3% constant currency service revenue growth  29.1% diluted adjusted earnings per share growth Solid financial results for the full year 2014  10.1% constant currency service revenue growth  31.1%

4. Slide 4: Financial Highlights and Other Metrics

   Financial Highlights and Other Metrics Three Months Ended December 31 Year Ended December 31 (millions of dollars) 2014 2013 Change 2014 2013 Change Net New Business $ 1,588.0 $ 1,299.0 22.2% $ 5,602.0 $ 4,899.0 14.4% Service Revenues $ 1,064.0 $ 1,003.9 6.0% $ 4,165.8 $ 3,808.3 9.4% Adjusted Income

5. Slide 5: Segment Performance

   Segment Performance Service Revenues and Income from Operations Product Development Integrated Healthcare Services 2014 2013 2014 2013 $289.6 1,000 300 Three Months Ended Three Months Ended $774.4 $775.0 $228.9 December 31 December 31 800 $ Millions 200 $ Millions 600 400 $168.0 $152.9 100 $24.3 $11

6. Slide 6: 2015 Guidance

   2015 Guidance Constant Currency Service Revenue growth range of 7.5% to 9.0% •Estimated 420 basis points of unfavorable foreign exchange at actual rates1 Diluted Adjusted Earnings per share range of $3.02 to $3.131 • 12% to 16% year over year growth range at forecasted exchange rates Annual Effectiv

7. Slide 7: Summary

   Summary 1 Key 2014 Accomplishments 14.4% Consolidated net new business growth 10.1% Constant currency revenue growth Margin expansion in both Product Development and IHS segments $415 million of shares repurchased during 2014 $11.24 billion of backlog Significant accomplishments  Named to the

8. Slide 8: Supplemental Information

   Supplemental Information Constant Currency Reconciliation Contractual Revenue Currency Mix and Foreign Exchange Analysis Income Statement Non-GAAP Reconciliation Adjusted EBITDA Reconciliation Adjusted Net Income and EPS Reconciliation Non-GAAP 2015 Guidance Reconciliation 8

9. Slide 9: Constant Currency Reconciliation Service Revenues and Income from Operations

   Constant Currency Reconciliation Service Revenues and Income from Operations (millions of dollars) Three Months Ended December 31 Year on Year Growth Exchange Exchange Consolidated Actual Impact Constant Actual Impact Constant Service Revenues $ 1,064.0 $ (33.4) $ 1,097.4 6.0% (3.3%) 9.3% Income fro

10. Slide 10: Contractual Revenue Currency Mix and Foreign Exchange Analysis

    Contractual Revenue Currency Mix and Foreign Exchange Analysis Consolidated Service Revenues (millions of dollars) 1 USD Sterling Euro Yen Other Total 4Q '14 $685.1 $77.5 $157.9 $103.8 $39.7 $1,064.0 % of total 64% 7% 15% 10% 4% 100% 4Q '13 $587.4 $71.1 $207.2 $108.3 $29.9 $1,003.9 % of total 59% 7%

11. Slide 11: GAAP – Non-GAAP Reconciliation

    Income Statement GAAP – Non-GAAP Reconciliation 2014 2013 Selling, Income Net Income Selling, Income Net Income Three Months Ended December 31 General and from Attributable General and from Attributable (millions of dollars) Administrative Operations to Quintiles Administrative Operations to Quintil

12. Slide 12: Reconciliation of Net Income Attributable to Quintiles to Non-GAAP Adjusted EBITDA

    Reconciliation of Net Income Attributable to Quintiles to Non-GAAP Adjusted EBITDA Three Months Ended December 31 Year Ended December 31 (millions of dollars) 2014 2013 2014 2013 Net Income Attributable to Quintiles $ 88.4 $ 73.0 $ 356.4 $ 226.6 Income from Noncontrolling Interests - (0.1) 0.1 (0.6)

13. Slide 13: Reconciliation to Non-GAAP Adjusted Net Income and Diluted Adjusted EPS

    Reconciliation of Net Income Attributable to Quintiles to Non-GAAP Adjusted Net Income and Diluted Adjusted EPS Three Months Ended December 31 Year Ended December 31 (millions of dollars) 2014 2013 2014 2013 EPS1 EPS1 EPS1 EPS1 Net Income Attributable to Quintiles $ 88.4 $ 0.69 $ 73.0 $ 0.55 $ 356.4

14. Slide 14: Non-GAAP 2015 Guidance Reconciliation

    Non-GAAP 2015 Guidance Reconciliation Non-GAAP Adjusted Diluted Adjusted Net Income Earnings Per Share (millions of dollars) Low High Low High Net income attributable to Quintiles $371 $389 $2.90 $3.04 Restructuring costs 23 18 0.18 0.14 Tax effect of adjustments 1 (8) (6) (0.06) (0.05) Adjusted net

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