IQVIA Holdings, Inc. · NYSE:IQV
IQVIA — Quintiles — Q3 2014 Earnings Presentation
15 slides from IQVIA's earnings presentation, Oct 30, 2014
Slide 1: Third Quarter 2014 Earnings Call
Third Quarter 2014 Earnings Call October 30, 2014 © Copyright 2014 Quintiles
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
Slide 3: Third Quarter – Highlights
Third Quarter – Highlights We continue to see strength in the market across both of our segments • 13.8% service revenue growth • 22.6% diluted adjusted earnings per share growth • 12.8% net new business growth • Product Development trailing 4 quarter book-to-bill ratio of 1.32 • Integrated Healthca
Slide 4: Financial Highlights and Other Metrics
Financial Highlights and Other Metrics Three Months Ended September 30 Nine Months Ended September 30 (millions of dollars) 2014 2013 Change 2014 2013 Change Net New Business $ 1,512.0 $ 1,341.0 12.8% $ 4,014.0 $ 3,600.0 11.5% Service Revenues $ 1,061.0 $ 932.7 13.8% $ 3,101.8 $ 2,804.4 10.6% Adjust
Slide 5: Segment Performance
Segment Performance Service Revenues and Income from Operations Product Development Integrated Healthcare Services 2014 2013 2014 2013 $289.6 300 Three Months Ended Three Months Ended 1,000 $218.5 September 30 September 30 $771.4 $714.2 $ Millions 800 200 $ Millions 600 400 $158.2 $140.6 100 $19.9 $
Slide 6: 2014 Guidance Update
2014 Guidance Update Service Revenues range of $4.16 billion to $4.19 billion • 9.2% to 10.0% year over year growth range at forecasted exchange rates • Guidance adjusted for significant changes in foreign currency since last estimates 1 Diluted Adjusted Earnings per share range of $2.61 to $2.68 •
Slide 7: Summary
Summary 1 Good 2014 first nine months results IHS returned to growth with 18.9% constant currency service revenue growth Product Development executed consistently with good revenue growth and improved productivity Consolidated net new business growth of 11.5% Margin expansion in both Product
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 2014 Guidance Reconciliation 8
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 September 30 Year on Year Growth Exchange Exchange Consolidated Actual Impact Constant Actual Impact Constant Service Revenues $ 1,061.0 $ (1.9) $ 1,062.9 13.8% (0.2%) 14.0% Income f
Slide 10: Contractual Revenue Currency Mix and Foreign Exchange Analysis
Contractual Revenue Currency Mix and Foreign Exchange Analysis Consolidated Service Revenues (millions of dollars) USD Sterling Euro Yen Other1 Total 3Q '14 $665.8 $78.6 $169.7 $110.5 $36.4 $1,061.0 % of total 64% 7% 16% 10% 3% 100% 3Q '13 $604.4 $72.1 $153.0 $82.2 $21.0 $932.7 % of total 65% 8% 16%
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 September 30 General and from Attributable General and from Attributable (millions of dollars) Administrative Operations to Quintiles Administrative Operations to Quinti
Slide 12: Reconciliation of Net Income to Non-GAAP Adjusted EBITDA
Reconciliation of Net Income Attributable to Quintiles to Non-GAAP Adjusted EBITDA Three Months Ended September 30 Nine Months Ended September 30 (millions of dollars) 2014 2013 2014 2013 Net Income Attributable to Quintiles $ 92.7 $ 66.8 $ 268.0 $ 153.6 Net Income (loss) from Noncontrolling Interes
Slide 13: Reconciliation of Net Income 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 September 30 Nine Months Ended September 30 (millions of dollars) 2014 1 2013 1 2014 1 2013 1 EPS EPS EPS EPS Net Income Attributable to Quintiles $ 92.7 $ 0.71 $ 66.8 $
Slide 14: Reconciliation of Adjusted Net Income and Diluted Adjusted EPS for 2013
Reconciliation of Net Income Attributable to Quintiles to Non-GAAP Adjusted Net Income and Diluted Adjusted EPS for 2013 Three Months Ended Year Ended March 31, June 30, September 30, December 31, December 31, (millions of dollars) 2013 1 2013 1 2013 1 2013 1 2013 1 EPS EPS EPS EPS EPS Net Income At
Slide 15: Non-GAAP 2014 Guidance Reconciliation
Non-GAAP 2014 Guidance Reconciliation Non-GAAP Adjusted Diluted Adjusted Net Income Earnings Per Share (millions of dollars) Low High Low High Net income attributable to Quintiles $344 $354 $2.61 $2.68 Restructuring costs 13 13 0.10 0.10 Adjustment to estimated contingent consideration (9) (9) (0.07