Transunion · NYSE:TRU
Transunion — Merger or Acquisition (September 2021)
14 slides from Transunion's merger presentation, Sep 13, 2021
Slide 1: TransUnion to Acquire Neustar
v v v TransUnion to Acquire Neustar Enhances Revenue and EBITDA Growth and Furthers Diversification Chris Cartwright, President and CEO Todd Cello, CFO September 13, 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of TransUnion’s management and are subject to significant risks and uncertai
Slide 3: Neustar's Growth-Oriented, Balanced Portfolio
Neustar’s Growth-Oriented, Balanced Portfolio Communications • Powered by OneID, a best-in-class identity platform enabling differentiated solutions across Marketing ~$210M ~$225M Marketing, Fraud and Communications • 1,700+ employees; headquartered in Reston, VA • Serves 4,000+ customers, including
Slide 4: Acquiring Neustar Enhances Our Financial Performance and Strengthens Industry Position
Acquiring Neustar Enhances Our Financial Performance and Strengthens Industry Position • Leading provider of real-time identity resolution, underpinned by its best-in-class OneID platform • Diversifies our portfolio, scales our position in Marketing and Fraud and expands opportunities in Communicati
Slide 5: OneID Powers Neustar and Will Drive Incremental TransUnion Growth
OneID Powers Neustar and Will Drive Incremental TransUnion Growth Powerful Delivers real time, persistent identity resolution of Identity Platform disparate data elements and attributes Privacy By Provides privacy compliance with accuracy that Design customers can trust Foundation of Neustar Deliver
Slide 6: Identity Resolution in a Digital World Creates Complex Challenges
Identity Resolution in a Digital World Creates Complex Challenges Delivering superior consumer experiences while protecting against fraud Maintaining trusted Reaching target telephony customers in an interactions evolving digital marketing landscape © 2021 Trans Union LLC All Rights Reserved | 6
Slide 7: TransUnion + Neustar Provides a Unique Understanding of Identity to Solve These Challenges
TransUnion + Neustar Provides a Unique Understanding of Identity to Solve These Challenges Sophisticated omnichannel fraud mitigation Powerhouse set of Ability to serve evolving future-forward needs of communications marketing solutions customers/consumers © 2021 Trans Union LLC All Rights Reserved
Slide 8: Marketing: Unparalleled, Comprehensive Solutions Suite
Marketing: Unparalleled, Comprehensive Solutions Suite • Unique data assets to develop • Strength in measuring, • OneID platform powers leading three-dimensional (people, analyzing and optimizing three-dimensional identity graph devices, households) view of marketing spend across all built for moder
Slide 9: Fraud: Neustar's Proprietary Data and OneID Platform Enhance TruValidate
Fraud: Neustar’s Proprietary Data and OneID Platform Enhance TruValidate • TruValidate delivers a • Leverages proprietary phone • OneID provides data comprehensive view of a number data and access to orchestration capabilities to consumer by linking personal behavioral signals from resolve to a sing
Slide 10: Communications: Neustar's Business Expands Opportunities in This Market
Communications: Neustar’s Business Expands Opportunities in This Market • Delivers proven TransUnion • A leading provider of CallerID, • Uses caller name information to solutions for major call authentication, and supplement carrier database communications customers phone number intelligence and dri
Slide 11: Financial Expectations
• ~$575M of 2021E revenues (~8% YoY growth) – Neustar poised to accelerate to low-double-digit growth beginning in 2023 Financial • ~$115M of 2021E Adjusted EBITDA Expectations – ~20% margins with path to reach 40%+ by 2026, supported by >$70 million of cost synergies – ~$60 million in integration c
Slide 12: Deal Structure
• $3.1 billion purchase price represents 27x 2021 pro-forma Adjusted EBITDA multiple – Implies ~17x Adjusted EBITDA multiple post- cost synergies Deal Structure • Well positioned to fund with debt – All debt would result in 2021 net debt/adjusted EBITDA of ~4.2x, deleveraging back to ~3.5x by end of
Slide 13: Neustar Accentuates the Strengths of TransUnion
Neustar Accentuates the Strengths of TransUnion Differentiated solutions Global operating model State of the art Top tier talent powered by authoritative with robust scale and technology infrastructure data sets scope Valuable data assets with Incremental scale for Best-in-class OneID Influx of sale
Slide 14: Q&A
Q&A © 2021 Trans Union LLC All Rights Reserved | 14