IQVIA Holdings, Inc. · NYSE:IQV

IQVIA — Quintiles — Q2 2015 Earnings Presentation

15 slides from IQVIA's earnings presentation, Jul 29, 2015

  1. Slide 1: Second Quarter 2015 Earnings Call

    Second Quarter 2015 Earnings Call July 29, 2015 © Copyright 2015 Quintiles

  2. 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

  3. Slide 3: Second Quarter 2015 Overview

    Second Quarter 2015 Overview  9.8% constant currency service revenue growth  $0.78 diluted adjusted earnings per share  7.6% net new business growth, continued strength in new business wins  $2.75 billion debt refinancing completed  $250 million share repurchase  Launch of Q2 Solutions, a Quin

  4. Slide 4: Financial Highlights and Other Metrics

    Financial Highlights and Other Metrics Three Months Ended June 30 Six Months Ended June 30 (millions of dollars) 2015 2014 Change 2015 2014 Change Net New Business $ 1,322.0 $ 1,228.0 7.6% $ 2,668.0 $ 2,503.0 6.6% Service Revenues $ 1,074.4 $ 1,035.5 3.8% $ 2,104.3 $ 2,040.8 3.1% Adjusted Income fro

  5. Slide 5: Segment Performance

    Segment Performance Service Revenues and Income from Operations Product Development Integrated Healthcare Services 2015 2014 2015 2014 $786.4 $288.0 800 $781.2 300 Three Months Ended Three Months Ended $254.3 650 250 June 30 $ Millions June 30 $ Millions 300 200 $176.2 $158.4 150 50 $18.7 $11.7 0 0

  6. Slide 6: 2015 Updated Guidance

    2015 Updated Guidance Updated Constant Currency Service Revenue growth range of 8.5% to 9.5% • Estimated 480 basis points of unfavorable foreign exchange at actual rates • Q2 Solutions to contribute approximately $80 million of revenue Diluted Adjusted Earnings per share range of $3.09 to $3.191 • 1

  7. Slide 7: Summary

    Summary 1 2015 first half review  Market backdrop remains strong  Continued strong bookings with favorable mix in Product Development – backlog of $11.37 billion  Strength in Real World Late Phase business  12.8% diluted adjusted EPS growth  Launch of Q2 Solutions, a Quintiles Quest Joint Ventu

  8. 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 2015 Guidance Reconciliation 8

  9. Slide 9: Constant Currency Reconciliation

    Constant Currency Reconciliation Service Revenues and Income from Operations (millions of dollars) Three Months Ended June 30 Year on Year Growth Exchange Exchange Consolidated Actual Impact Constant Actual Impact Constant Service Revenues $ 1,074.4 $ (62.2) $ 1,136.6 3.8% (6.0%) 9.8% Income from Op

  10. Slide 10: Contractual Revenue Currency Mix and Foreign Exchange Analysis

    Contractual Revenue Currency Mix and Foreign Exchange Analysis Consolidated Service Revenues (millions of dollars) 1 USD Sterling Euro Yen Other Total 2Q '15 $734.2 $68.2 $135.0 $99.0 $38.0 $1,074.4 % of total 68% 6% 13% 9% 4% 100% 2Q '14 $645.3 $84.3 $169.5 $107.6 $28.8 $1,035.5 % of total 63% 8% 1

  11. Slide 11: Income Statement GAAP – Non-GAAP Reconciliation

    Income Statement GAAP – Non-GAAP Reconciliation 2015 2014 Income Net Income Income Net Income Three Months Ended June 30 from Attributable from Attributable (millions of dollars) Operations to Quintiles Operations to Quintiles As Reported $ 158.4 $ 85.0 $ 141.0 $ 85.1 Adjustments Restructuring Costs

  12. 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 June 30 Six Months Ended June 30 2015 2014 2015 2014 (millions of dollars) Net Income Attributable to Quintiles $ 85.0 $ 85.1 $ 171.3 $ 175.3 Interest Expense, Net 24.0 23.8 48.5 47.3 Income Tax Exp

  13. Slide 13: Reconciliation to Non-GAAP Adjusted EBITDA for 2014

    Reconciliation of Net Income Attributable to Quintiles to Non-GAAP Adjusted EBITDA for 2014 Three Months Ended Year Ended March 31, June 30, September 30, December 31, December 31, (millions of dollars) 2014 2014 2014 2014 2014 Net Income Attributable to Quintiles $ 90.2 $ 85.1 $ 92.7 $ 88.4 $ 356.4

  14. Slide 14: Reconciliation to Adjusted Net Income and Diluted Adjusted EPS

    Reconciliation of Net Income Attributable to Quintiles to Non-GAAP Adjusted Net Income and Diluted Adjusted EPS 1 EPS is represented in dollars. 2 The tax effect of adjustments was based on the income tax rate of the respective transactions, which was 38.5%, with the exception of i) restructuring co

  15. Slide 15: Non-GAAP 2015 Guidance Reconciliation

    Non-GAAP 2015 Guidance Reconciliation Non-GAAP Adjusted Diluted Adjusted Net Income Earnings Per Share (millions of dollars) Low High Low High Net Income Attributable to Quintiles $358 $373 $2.84 $2.96 Restructuring Costs 32 28 0.25 0.22 Loss on Extinguishment of Debt 8 8 0.06 0.06 Adjustment to Est

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