Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Goldman Sachs Technology and Internet Conference 2010
26 slides from Fidelity National Information Services's conference presentation, Feb 23, 2010
Slide 1: Goldman Sachs Technology and Internet Conference February 23, 2010
Goldman Sachs Technology and Internet Conference February 23, 2010
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains statements related to FIS' future plans and expectations and, as such, constitutes "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, an
Slide 3: Use of Non-GAAP and Pro Forma Measures
Use of Non-GAAP 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 transactions, and in
Slide 4: FIS Today
FIS Today 4 > $5 Billion 2009 pro forma Revenue > $1.4 Billion 2009 pro forma EBITDA $8.3 Billion market cap More than 14,000 client relationships .. . . In more than 100 countries Leading Global Financial Technology Provider
Slide 5: Leading Global Financial Technology Provider
Leading Global Financial Technology Provider 5 Clients in more than 100 countries Established operations in more than 27 countries 31,000 employees strong 15,000 U.S. based 16,000 off-shore Milwaukee, WI Little Rock, AR Jacksonville, FL Orlando, FL St. Petersburg, FL United Kingdom Germany Sao Paulo
Slide 6: Financial Strength, Robust Business Model
High Recurring Revenues Strong Earnings Growth Prudent Capital Management Financial Strength, Robust Business Model 6 Meaningful Margin Expansion
Slide 7: Broad and Diverse Client Base
Broad and Diverse Client Base 7 Healthcare Government Commercial Approximately 7,000 debit, credit and prepaid card issuers 2,600 core processing customers, including > 300 outside the U.S. Relationships with 40 of the top 50 global banks, including 9 of the top 10 More than 14,000 financial institu
Slide 8: Financial Solutions Group
Financial Solutions Group 8 $1.8 Billion 2009 Pro Forma Revenue Deposit and Loan Account Processing Accounting and General Ledger Data Access and Integration Lending Solutions Trust Solutions Wealth Solutions Account Origination Branch Platforms Online Banking Mobile Banking Voice Response Risk Mana
Slide 9: Payment Solutions Group: Substantial Breadth and Scale
Substantial Breadth and Scale Payment Solutions Group 9 Debit Card Processing Prepaid Card Processing Bill Payment Network Solutions Electronic Funds Transfer Automated Clearing House Debit/EFT/ ePayment Credit Card Processing Loyalty Merchant Credit Check Verification and Warranty Payroll Check Cas
Slide 10: International Solutions Group
International Solutions Group 10 $0.8 Billion 2009 Pro Forma Revenue Core banking Payment Switch Credit card Origination Core banking Credit card Payment Switch Prepaid Merchants Commercial Lending Latin America EMEA Asia Core banking Payment Switch ATM (India) Commercial Lending Australasia Credit
Slide 11: Significant Recurring and Contractual Revenue
Significant Recurring and Contractual Revenue 11 Processing and Maintenance 85% Professional Services 10% Other 5% Long-term contracts Account based Transaction based Monthly maintenance Consulting Services Implementation services Software 3% Equipment 1% Termination Fees 1% Predictability is Enhanc
Slide 12: Revenue Composition by Segment
Revenue Composition by Segment 12 Financial Solutions Payment Solutions International Solutions Other 7% Processing and Maintenance 78% Professional Services 15% Processing and Maintenance 90% Other 3% Professional Services 7% Processing and Maintenance 85% Other 5% Professional Services 10% Revenue
Slide 13: Key Management Priorities
Key Management Priorities 13 S T R O N G E X E C U T I O N Intense Customer Focus High Performance Culture Achieve Synergy Targets Leverage Combined Product Set, Customer Base, Global Footprint Service, Innovation, Value Attract and Retain Industry's Most Talented Employees Proven Track Record
Slide 14: Financial Highlights 4th Quarter, 2009
Financial Highlights 4th Quarter, 2009 14 Adjusted revenue of $1.316 billion, up 2.7% 0.4% increase in constant currency Adjusted EBITDA margin of 29.5%, up 240 bps Adjusted EPS of $0.44 Adjusted free cash flow of $237 million Refer to appendix for reconciliation of non-GAAP measures to related GAAP
Slide 15: 2010 Outlook
2010 Outlook 15 Refer to appendix for reconciliation of non-GAAP measures to related GAAP measures and additional 2010 assumptions.
Slide 16: Cash Flow Priorities
Cash Flow Priorities 16 Scheduled repayments of $218 million in 2010 Targeting investment grade rating 12/31/2009 debt to EBITDA ~ 2.3x New product development Technology enhancements Annual cash dividends of ~$75 Million Further reduce leverage Share repurchase authorization Fund strategic opportun
Slide 17: Superior Execution, Superior Shareholder Returns
Superior Execution 17 SUPERIOR SHAREHOLDER RETURNS
Slide 18: Appendix
a &, rr Appendix His
Slide 19: GAAP to Non-GAAP Reconciliation
GAAP TO NON-GAAP RECONCILIATION Three Months Ended December 31, 2009 (In millions, except per share data) M&A GAAP Restructuring Acquisition Non-GAAP Three Months And Deferred Purchase Three Months Ended Integration Revenue Impairment Price Ended December 31, 2009 Costs (1) Adjustments (2) Charges (
Slide 20: Notes to GAAP to Non-GAAP Reconciliation
Notes to GAAP to Non-GAAP Reconciliation For the Three-Month Period ended December 31, 2009 The adjustments are as follows: The adjustments are as follows: The adjustments are as follows: The adjustments are as follows: (1) This column represents charges for restructuring and integration costs relat
Slide 21: Supplemental Non-GAAP Financial Information, Three Months Ended December 31, 2009
SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION Three Months Ended December 31, 2009 (In millions) 21 Three Months Ended December 31, 2009 Three Months Ended December 31, 2009 Three Months Ended December 31, 2009 Three Months Ended December 31, 2009 Three Months Ended December 31, 2009 Three Months Ende
Slide 22: Supplemental Non-GAAP Financial Information, Twelve Months Ended December 31, 2009
SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION Twelve Months Ended December 31, 2009 (In millions) 22 Twelve Months Ended December 31, 2009 Twelve Months Ended December 31, 2009 Twelve Months Ended December 31, 2009 Twelve Months Ended December 31, 2009 Twelve Months Ended December 31, 2009 Twelve Mont
Slide 23: Supplemental Non-GAAP Financial Information, Three Months Ended December 31, 2008
SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION Three Months Ended December 31, 2008 (In millions) 23 Three Months Ended December 31, 2008 Three Months Ended December 31, 2008 Three Months Ended December 31, 2008 Three Months Ended December 31, 2008 Three Months Ended December 31, 2008 Three Months Ende
Slide 24: Pro Forma Reporting Segments
PRO FORMA REPORTING SEGMENTS Three Months Ended March 31, 2009 (In millions) 24 Three Months Ended March 31, 2009 Three Months Ended March 31, 2009 Three Months Ended March 31, 2009 Three Months Ended March 31, 2009 Three Months Ended March 31, 2009 Three Months Ended March 31, 2009 Three Months End
Slide 25: Reconciliation of Cash Flow Measures
RECONCILIATION OF CASH FLOW MEASURES Three Months Ended December 31, 2009 (In millions) 25 Three Months Ended December 31, 2009 Three Months Ended December 31, 2009 Three Months Ended December 31, 2009 Three Months Ended December 31, 2009 Three Months Ended December 31, 2009 GAAP Adj Adjusted Cash f
Slide 26: 2010 Outlook Assumptions
2010 Outlook Assumptions ($ millions) 26