Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Q4 2010 Earnings Presentation
17 slides from Fidelity National Information Services's earnings presentation, Feb 8, 2011
Slide 1: Fourth Quarter 2010 Earnings Call Supplemental Materials
FEBRUARY 8, 2011 = x : ¥. Fourth Quarter 2010 EARNINGS CALL Supplemental Materials
Slide 2: Forward Looking Statements
Forward Looking Statements ——= Today's news release andthis conference call contain “forward-looking statements” within the meaning of the U.S. federal securities laws, Statements that are not historical facts, including statements about revenue, organicrevenue, earnings per share, margin expansion
Slide 3: Use of Non-GAAP Measures
Use of Non-GAAP Measures = 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 transactions and in the preparati
Slide 4: Consolidated Results — 4th Quarter
Consolidated Results — 4** Quarter (§ millions) Revenue EBITDA $1,500 $s00 as saaco | $1397 $309 $1258 samo | ie | Bile Bisse sane") $0 $ao0 $a,o00, $0 ca09 oaa0 aa09 oa0 * Revenue increased 7.6% * Adjusted EBITDA increased 14.4% — Organicrevenue growth of 6.1% * Adjusted margin expanded 190 bps to
Slide 5: Financial Solutions — 4th Quarter
Financial Solutions — 4” Quarter (§ millions) Revenue EBITDA $0 sna $s08 sooo | s9 453 geo | sam | Lid 43.7% ga > $m $as0 ca09 oa10 aa09 oa0 * Financial Solutions revenue increased 11.3% * Adjusted EBITDA increased 11.0% — Professional services revenue increased 68% + Adjusted margin was comparable
Slide 6: Payment Solutions — 4th Quarter
Payment Solutions — 4‘ Quarter — — (§ millions) ——_s Revenue EBITDA $50 $250 $200 $exo son $25 $m $150 cae ‘ies cao ‘ia * Payment Solutions revenue decreased 0.2% * Adjusted EBITDA increased 9.5% — Increased 3.8% on an adjusted basis * Adjusted margin expanded 340 bps to 38.2% (2) Excludesthe checkr
Slide 7: International Solutions — 4th Quarter
International Solutions — 4‘? Quarter (§ millions) Revenue EBITDA $300 $100 $268 Sau gr | on $250 $215 sso 30.3% 30.3% $200 - gn gaso s aa09 oa10 aa09 oa0 * International Solutions revenue increased 25.0% * Adjusted EBITDA increased 25.3% * Adjusted margin was consistent with prior year Note: Calcul
Slide 8: Free Cash Flow
Free Cash Flow (S$ millions) Cash flow from operations Non-GAAP items Adjusted cash flow from operations Capital expenditures Adjusted Free Cash Flow ———=== Q42010 Q4-2009 $285 $209 23 94 308 304 (87) (67) $222 $237 Nate: Calculations may differ due to rounding. His
Slide 9: Financial Highlights
Financial Highlights = (S millions, except per share) Full Year 2010 2009!!) Adjusted revenue $5,205 $4,994 Growth 4.2% Organic growth 3.2% Adjusted EBITDA 1,628 1,430 Growth 13.9% Margin 31.3% 28.6% Adjusted EPS from continuing operations $2.02 $1.65 Weighted average diluted shares 352.0 239.4 Adju
Slide 10: 2011 Outlook
2011 Outlook Revenue growth: Reported Organic Adjusted EBITDA growth Adjusted EPS from continuing operations!) Growth of 11% to 16% Free cash flow (2) Adjusted EPS excludesthe after-tax impact of acquisition related amortization. Fis +9% to 11% +4% to 6% +7% to 9% $2.24 to $2.34 ~Adjusted net earnin
Slide 11: Calendarization
Calendarization Adjusted Revenue Adjusted EBITDA Adjusted EBITDA Adjusted Revenue oa @ oo oF mam a a a mam mm as oF mam m a8 af Cee) ae) Dee) Dee) Note: Chart is provided for illustrative purposes only to reflectthe pro forma histarical and expected sequential quarterly trends, Revenue and EBITDA fo
Slide 12: Appendix
FEBRUARY 8, 2011 = x : ¥. Fourth Quarter 2010 EARNINGS CALL Supplemental Materials Appendix
Slide 13: Total Debt
Total Debt (S$ millions) Term Loan A 2012 Maturity 2014 Maturity Revolver Term Loan B (2016) Senior Unsecured Notes 2017 Maturity 2020 Maturity Other Total Debt Weighted Average Rate (2) LIBOR Floor of 150 bps. lculstions may differ due to rounding. December 31, 2010 Actual Rate s 350. L+ 1.00% 1,90
Slide 14: Non-GAAP Financial Measures
Non-GAAP Financial Measures ———=- Organic revenue growthis calculated as the difference between (A) reported revenue for the current period excluding the impact of current period acquisitions, purchase accounting adjustments, foreign currency impacts and the impact of the Brazil Joint venture settle
Slide 15: Non-GAAP Financial Measures
Non-GAAP Financial Measures EBITDA is earnings from continuing operations before interest, taxes and depreciation and amortization. Adjusted EBITDA (2010 and 2009 comparative data) excludes the impact of merger and acquisition and integration expenses, accelerated stock compensation charges associat
Slide 16: Non-GAAP Financial Measures
Non-GAAP Financial Measures Adjusted free cash flow (2011 comparative data) is GAAP operating cash flow less capital expenditures. Adjusted free cash flow (2010 and 2009) is GAAP operating cash flow less capital expenditures, acquisition related cash items, cash items associated with the 2010 recapi
Slide 17: 2011 Assumptions
2011 Assumptions (S millions) Pre-tax acquisition related purchase amortization After-tax() Other depreciation and amortization Interest expense, net Effective tax rate Average diluted shares (1) Tax rate of 35% to 36% assumed for book purpases. Approximately 40% of purchase amortization is assumed
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