Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — R.W. Baird & Co. 2011 Business Solutions Conference
28 slides from Fidelity National Information Services's conference presentation, Feb 23, 2011
Slide 1: R.W. Baird & Co. 2011 Business Solutions Conference
R.W. Baird & Co. 2011 Business Solutions Conference February 24, 2011
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the U.S. federal securities laws. Statements that are not historical facts, including statements about 2010 and 2011 adjusted revenue, organic revenue, earnings per share, margin expansion and ca
Slide 3: Use of Non-GAAP Financial and Pro Forma Measures
Use of Non-GAAP Financial and Pro Forma 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 transaction
Slide 4: FIS: Leading Global Financial Technology Provider
FIS: Leading Global Financial Technology Provider 4 $5.2 billion in 2010 adjusted revenue and $1.6 billion in 2010 adjusted EBITDA Over $14 billion enterprise value More than 14,000 client relationships in over 100 countries Diversified client base Long-term processing contracts drive revenue stabil
Slide 5: Established Global Presence
Strategic Operating Centers FIS presence No FIS presence Established Global Presence Milwaukee, WI Little Rock, AR Jacksonville, FL Orlando, FL London Birmingham, England Munich, Germany Sao Paulo, Brazil Melbourne, Australia Mumbai, Bangalore, Chandigarh, Chennai, India Manila, Philippines St. Pete
Slide 6: Strength in Diversified Revenue Streams
Strength in Diversified Revenue Streams Long-term contracts creating revenue stability Market Segment Geography and Industry Products 2 Financial Solutions 42% Payment Solutions 58% U.S. FI 68% Non-FI 16% Int'l 16% U.S. Large FI ($10B - $50B) 17% U.S. Mega FI ($50B+) 13% Non-FI 16% U.S. Community ($
Slide 7: Stable Revenue Base
Stable Revenue Base Contractual revenue Account based Transaction based Monthly maintenance Consulting services Implementation services Software Equipment Termination fees Processing and Maintenance Professional Services Other Revenue driven predominantly by contractual processing and maintenance 7
Slide 8: Financial Solutions Group $1.9 Billion
Financial Solutions Group $1.9 Billion 2010 Adjusted Revenue Deposit and Loan Account Processing Accounting and General Ledger Data Access and Integration Account Origination Lending Solutions Trust and Wealth Management Risk and Regulatory Compliance Branch Platforms Online Banking Mobile Banking V
Slide 9: Payment Solutions Group: Substantial Breadth and Scale
Link to Gov Electronic Benefit Transactions (EBT) HSA Processing Health ID Cards Benefits Administration Substantial Breadth and Scale Payment Solutions Group Issuer Card Processing Bill Payment Prepaid Card Processing Network Solutions Electronic Funds Transfer Automated Clearing House Debit/EFT/ e
Slide 10: International Solutions Group $0.8 Billion
International Solutions Group $0.8 Billion 2010 Adjusted Revenue Core Banking Payment Switch Credit Card Origination Core Banking Credit Card Payment Switch Prepaid Merchants Commercial Lending Latin America and Brazil 39% of Revenue EMEA 43% of Revenue Asia Pacific 18% of Revenue Core Banking Credi
Slide 11: Capco Company Highlights
Capco Company Highlights Leading global provider of integrated consulting, technology and transformation services 11 Dedicated solely to financial services Well regarded for thought leadership, deep domain expertise and client-centric approach Facilitates partnership between business and technology
Slide 12: Financial Overview
I i ET Financial Overview HIS
Slide 13: Strong Execution in Challenging Environment
Strong Execution in Challenging Environment ($ Billions, except per share data) Adjusted Revenue Adjusted EBITDA Adjusted EPS Consistent earnings growth Reflects FIS and Metavante pro forma 2008 and 2009 revenue and EBITDA. Refer to www.investor.fisglobal.com for reconciliation of GAAP to non-GAAP i
Slide 14: Disciplined Capital Investment and Strong Earnings Quality
Disciplined Capital Investment and Strong Earnings Quality ($ Billions) Metavante revenue, capital expenditures and free cash flow are reported prospectively from the 10/1/2009 acquisition date. Refer to www.investor.fisglobal.com for reconciliation of GAAP to non-GAAP items. Free Cash Flow 14 Capit
Slide 15: Improving Trends
Improving Trends Accelerating revenue growth Strong Earnings growth Revenue Growth 15
Slide 16: Solid Financial Performance
Refer to www.investor.fisglobal.com for reconciliation of GAAP to non-GAAP items. 16 Solid Financial Performance ($ millions, except per share) Q4-2010 FY 2010 Adjusted revenue $1,397 $5,205 Growth 7.6% 4.2% Organic growth 6.1% 3.2% Adjusted EBITDA $445 1,628 Growth 14.4% 13.9% Margin 31.8% 31.3% Ad
Slide 17: 2011 Outlook
2011 Outlook Continued strong performance Revenue growth Reported +9% to 11% Organic +4% to 6% Adjusted EBITDA growth +7% to 9% Adjusted EPS(1) Growth $2.24 to $2.34 +11% to 16% Free cash flow conversion ~ 100% of adjusted earnings (1) Adjusted EPS exclude the after-tax impact of acquisition related
Slide 18: Calendarization
18 Calendarization 2009 2011E 2010 Adjusted Revenue Adjusted EBITDA 2008 Note: Chart is provided for illustrative purposes only to reflect the pro forma historical and expected sequential quarterly trends. Revenue and EBITDA for 2008 and 2009 are presented on a pro forma basis as if the combination
Slide 19: Q1 2011 Outlook
19 Q1 2011 Outlook ($ millions, except per share) Adjusted Revenue $1,355 to $1,375 Adjusted EBITDA $370 to $380 Adjusted EPS $0.44 to $0.46 Range
Slide 20: Financial Policy
Financial Policy Cry [ Fund Organic Growth Opportunities Service Debt Commitments Maintain Current Dividend Maintain Financial Flexibility Fis »
Slide 21: Appendix
a i RY Appendix HIS
Slide 22: Debt Summary
22 Total Debt ($ millions) Debt Summary
Slide 23: Revenue Composition by Segment
Revenue Composition by Segment 23 Financial Solutions Payment Solutions International Solutions Other 6% Processing and Maintenance 74% Professional Services 20% Processing and Maintenance 95% Other 3% Professional Services 2% Processing and Maintenance 83% Other 8% Professional Services 9% Revenue
Slide 24: 2011 Assumptions
24 2011 Assumptions ($ millions) Pre-tax acquisition related purchase amortization $240 to $250 After-tax(1) $150 to $160 Other depreciation and amortization $365 to $380 Interest expense, net $270 to $280 Effective tax rate 35% to 36% Average diluted shares ~310M Tax rate of 35% to 36% assumed for
Slide 25: Organic Revenue Reconciliation
25 Full Year Full Year Full Year (2010 and 2009 comparative data) 2010 2009 Organic Growth Reported Revenue Reported Revenue $5,269.5 $3,711.1 Pre-acquisition revenues, and purchase accounting adjustments 18.5 1,282.4 Brazil Joint venture settlement (83.3) - Currency Impact Currency Impact (26.4) -
Slide 26: 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 27: Non-GAAP Financial Measures
Non-GAAP Financial Measures Adjusted net earnings per share is equal to adjusted net earnings divided by the weighted average diluted shares outstanding. Adjusted free cash flow (2011 comparative data) is GAAP operating cash flow less capital expenditures. Adjusted free cash flow (2010 and 2009) is
Slide 28: Thank you
I ls: _| we Thank you Kis
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