Slide 1: Second Quarter 2024 Earnings
Exhibit 99.2 Second Quarter 2024 Earnings Chris Cartwright, President and CEO Todd Cello, CFO July 25, 2024
Slide 2: Forward-Looking Statements and Non-GAAP Financial Information
Forward-Looking Statements Non-GAAP Financial Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of This investor presentation includes certain non-GAAP 1995. These statements are based on the current beliefs and expec
Slide 3: Agenda
1 Second quarter 2024 highlights OneTru platform and product 2 strategy Second quarter 2024 3 financial results Third quarter and 4 full-year 2024 guidance @ Copyright 2024 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 3
Slide 4: Second quarter 2024 highlights
Second quarter 2024 highlights Exceeded Organic constant U.S. Markets International Prepaid $80M in guidance on currency revenue revenue +6% led revenue grew debt and revenue, Adjusted +8%, by mortgage and double digits* for refinanced term EBITDA and +4% excluding Emerging Verticals; 13th straight
Slide 5: Modernizing our technology and product platforms to accelerate innovation and drive cost savings
OneTru / platforms Modernizing our technology and product platforms to accelerate innovation and drive cost savings Customers Consolidate Product disparate point Suites and solutions into integrated product Risk Marketing Fraud Advanced Consumer Investigations Communications Brands Management Preven
Slide 6: OneDev rationalizes our technology foundation and provides standard developer tools
OneTru / platforms OneDev rationalizes our technology foundation and provides standard developer tools for productivity and savings OneDev Infrastructure Operating System • Provides a hybrid multi-cloud infrastructure to support Hybrid multi-cloud different workloads and prevent supplier lock-in Pr
Slide 7: OneTru standardizes and centralizes the enabling components of our solutions
OneTru / platforms OneTru standardizes and centralizes the enabling components of our solutions to accelerate innovation and drive growth OneTru Solutions Enablement Platform • Integrates our data assets in credit, risk, marketing and fraud mitigation into Data Management a unified storage environme
Slide 8: Solutions being integrated into end-to-end product suites
OneTru / platforms Leveraging the OneTru platform, our solutions are being integrated into end-to-end product suites Product Suites Focus Areas • Consolidate disparate point solutions into Risk Management Marketing integrated suites of related functionality - Serve client needs more holistically F
Slide 9: OneTru will power next generation of growth in TruValidate fraud mitigation
OneTru will power next generation of growth in TruValidate fraud mitigation What percentage of all fraud is identified? 100% • Consolidating fraud data and analytics Detection Rate 80% 31% higher fraud catch onto OneTru materially increases fraud 60.5% Fraud 60% detection while dramatically reducing
Slide 10: FactorTrust re-platformed on OneTru as proof of concept
FactorTrust re-platformed on OneTru as proof of concept before U.S. and India credit bureau migrations • Modernizing FactorTrust short-term K-S Lift* of new FactorTrust attributes and models lending online, batch and analytics vs. what customers use today services on OneTru • Batch processing times
Slide 11: Consolidated second quarter 2024 highlights
Q2 2024 Results Consolidated second quarter 2024 highlights Reported Y/Y ($M) Change Revenue $1,041 8% • Organic constant currency revenue Organic Constant Currency Revenue 8% growth of +8%, Adjusted EBITDA $377 11% or +4% excluding mortgage Adjusted EBITDA Margin 36.2% 115bps Adjusted Diluted EPS $
Slide 12: U.S. Markets second quarter 2024 highlights
Q2 2024 Results U.S. Markets second quarter 2024 highlights • U.S. Financial Services organic revenue growth ex- Organic mortgage -2% Reported Reported FX Impact Constant ($M) Y/Y − Card & Banking -2% Currency − Consumer Lending -3% Revenue $809 6% – 6% − Auto +3% − Mortgage +53%, compared to Financ
Slide 13: International second quarter 2024 highlights
Q2 2024 Results International second quarter 2024 highlights • India (+27%) driven by Organic Reported Reported FX Impact Constant consumer, commercial, ($M) Y/Y Currency marketing and direct-to- Revenue $235 13% (1)% 14% consumer Canada 39 10% (2)% 12% • Canada (+12%) from share gains and broad-bas
Slide 14: Excess cash targeted for debt prepayment
Q2 2024 Results Excess cash targeted for debt prepayment Leverage Ratio1 • Roughly $5.2 billion of debt and $543 million cash at 4.3x 3.9x 4.1x quarter-end 3.8x 3.5x 3.5x 3.6x Low-3x 3.4x 3.3x 3.1x 3.1x Range <3.0x • $80 million debt prepayment in Q2; plan to make further prepayments in 2024 • Compl
Slide 15: Third quarter 2024 guidance
Financial Guidance Third quarter 2024 guidance Reported Revenue: $1,044M to $1,060M +8% to +9% Revenue M&A contribution: No impact • Assumes similar lending and marketing trends to H1 2024 FX contribution: <0.5pt. headwind • Large breach wins add ~4.5% Organic Constant Currency Revenue: +8% to +10%
Slide 16: Full-year 2024 revenue guidance
Financial Guidance Full-year 2024 revenue guidance Reported Revenue: $4.098B to $4.138B +7% to +8% M&A contribution: No impact Assumptions FX contribution: Insignificant Organic Constant Currency Revenue: +7% to +8% • Guidance raise driven by Q2 outperformance and recent Mortgage impact: ~3pt. benef
Slide 17: Full-year 2024 Adjusted EBITDA, Adjusted Diluted EPS and other guidance
Financial Guidance Full-year 2024 Adjusted EBITDA, Adjusted Diluted EPS and other guidance Adjusted EBITDA: $1.455B to $1.485B +8% to +11% FX contribution: Insignificant Notes Adjusted EBITDA margin: 35.5% to 35.9% • Anticipate using excess cash Adjusted EBITDA margin bps change: +40bps to +80bps fo
Slide 18: 2024 revenue and Adjusted EBITDA guidance raise bridge
Financial Guidance 2024 revenue and Adjusted EBITDA guidance raise bridge Revenue Guidance Adjusted EBITDA Guidance +8.0% Growth No Change 35.9% ~(20bps) Margin No Change ~$40M ~0bps ~$5M 36.1% +6.5% Margin ~$5M Growth ~$15M $4,138M $1,485M $1,475M $4,083M Prior 2024F Q2 Beat Breach Wins H2 2024 Cur
Slide 19: Exceeded Q2 guidance and raising 2024 guidance
Exceeded Q2 Achieved key Raising 2024 guidance for revenue, milestones on guidance, now expect Adjusted EBITDA and transformation, 7% to 8% revenue Adjusted Diluted EPS reinforcing confidence growth in delivering against financial commitments Note: For additional information, refer to the “Non-GAAP
Slide 20: Q&A
Q&A @ Copyright 2024 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 20
Slide 21: Appendices and Non-GAAP Reconciliations
Appendices and Non-GAAP Reconciliations @ Copyright 2024 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 21
Slide 22: U.S. Markets revenue composition (FY 2023)
U.S. Markets revenue composition (FY 2023) Financial Services: ~$1.2B Emerging Verticals: ~$1.2B Consumer Interactive: ~$0.6B Collections 6% Public Sector Auto 5% 20% Tenant & Employment Card & Insurance Screening Direct Banking 7% 25% 33% 35% Media 14% Mortgage Indirect 22% Tech, Retail & E- 67% Te
Slide 23: Our next phase of transformation to reduce costs and accelerate innovation
Our next phase of transformation to reduce costs and accelerate innovation Programs Expected Benefits Optimize operating model ~ $200M free cash flow benefit by 2026 • Expand Global Capability Center (GCC) network and • $120-140M of operating expense savings; at least $65M drive further work cen
Slide 24: Debt profile and 2024F interest expense bridge
Debt profile and 2024F interest expense bridge Debt Profile (06/30/24) 2024F Interest Expense Bridge Notional Expiry Rate ($B) Term Loan ~($12M) Tranche Term Loan A-4 1.3 Jun’29 SOFR + 1.50% $267M ~($9M) Term Loan B-5 0.6 Nov’26 SOFR + CSA + 1.75% ~$4M Term Loan B-7 1.9 Dec’28 SOFR + 2.00% Term Loan
Slide 25: Debt structure (Q4 2021 to Q2 2024)
Debt structure (Q4 2021 to Q2 2024) TLB6/7 Voluntary Prepayments TLB5 Voluntary Prepayments $6,431M / 2.23%1 Refinancing / Repricing Transaction -$600M -$75M -$250M SOFR + CSA + 2.25% TLB-6 Dec’ 2028 $3,100M $5,282M / 4.88%1 TLB-7 SOFR + 2.00% $1,890M Dec’ 2028 -$80M TLB-8 SOFR + 1.75% TLB-5 $1,500M
Slide 26: Adjusted EBITDA and Adjusted EBITDA Margin
Adjusted EBITDA and Adjusted EBITDA Margin @ Copyright 2024 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 26
Slide 27: Adjusted Net Income and Adjusted Diluted EPS
Adjusted Net Income and Adjusted Diluted EPS @ Copyright 2024 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 27
Slide 28: Adjusted Effective Tax Rate
Adjusted Effective Tax Rate $ in millions Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Income from continuing operations before income taxes $ 120.7 $ 76.6 $ 203.7 $ 152.2 Total adjustments before income tax items from Adjusted Net Income table above 137.4 141.2 291.6 27
Slide 29: Leverage Ratio
Leverage Ratio @ Copyright 2024 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 29
Slide 30: Non-GAAP Adjustment Footnotes
Non-GAAP Adjustment Footnotes As a result of displaying amounts in millions, rounding differences may exist in the tables and footnotes. 1. Consisted of amortization of intangible assets from our 2012 change-in-control transaction and amortization of intangible assets established in business acquisi
Slide 31: Non-GAAP Adjustment Footnotes
Non-GAAP Adjustment Footnotes 4. Operating model optimization consisted of the following adjustments: 5. Net other consisted of the following adjustments: 6. Consolidated Adjusted EBITDA margin is calculated by dividing Consolidated Adjusted EBITDA by total revenue. 7. Total adjustments for income t
Slide 32: Adjusted EBITDA and Adjusted EPS Guidance
Adjusted EBITDA and Adjusted EPS Guidance As a result of displaying amounts in millions, rounding differences may exist in the table. 1. These adjustments include the same adjustments we make to our Adjusted EBITDA and Adjusted Net Income as discussed in the Non-GAAP Financial Measures section of ou