IQVIA Holdings, Inc. · NYSE:IQV
IQVIA — Quintiles — Q2 2014 Earnings Presentation
14 slides from IQVIA's earnings presentation, Jul 31, 2014
Slide 1: Second Quarter 2014 Earnings Call
Second Quarter 2014 Earnings Call July 31, 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: Second Quarter – New Business
Second Quarter – New Business We continue to see strength in the market across both of our segments • 21.2% net new business growth • 7 accounts that exceed $100 million or more in net new business • $10.26 billion of diversified backlog with over 500 pharmaceutical customers • Integrated Healthcare
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) 2014 2013 Change 2014 2013 Change Net New Business $ 1,228.0 $ 1,014.0 21.2% $ 2,503.0 $ 2,259.0 10.8% Service Revenues $ 1,035.5 $ 944.2 9.7% $ 2,040.8 $ 1,871.7 9.0% Adjusted Income fro
Slide 5: Segment Performance
Segment Performance Service Revenues and Income from Operations Product Development Integrated Healthcare Services 2014 2013 2014 2013 $781.2 300 $254.3 $724.2 Three Months Ended 800 $220.0 Three Months Ended 600 200 $ Millions $ Millions June 30 June 30 400 $158.4 $136.1 100 $11.7 $12.5 200 0 0 Ope
Slide 6: 2014 Guidance Update
2014 Guidance Update Service Revenues range of $4.20 billion to $4.24 billion • 10.3% to 11.3% year over year growth range at forecasted exchange rates 1 Diluted Adjusted Earnings per share range of $2.57 to $2.67 • 22.4% to 27.1% year over year growth range at forecasted exchange rates Annual Effec
Slide 7: Summary
Summary 1• Good 2014 first half year results IHS returned to growth with 11.5% constant currency service revenue growth Product Development executed consistently with good revenue growth and improved productivity Consolidated net new business growth of 10.8% 90 bps of adjusted operating marg
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
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 $ 1,035.5 $ 10.1 $ 1,025.4 9.7% 1.1% 8.6% Income from Operat
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 2Q '14 $645.3 $84.3 $169.5 $107.6 $28.8 $1,035.5 % of total 63% 8% 16% 10% 3% 100% 2Q '13 $582.7 $65.1 $161.5 $96.7 $38.2 $944.2 % of total 62% 7% 17%
Slide 11: Income Statement GAAP – Non-GAAP Reconciliation
Income Statement GAAP – Non-GAAP Reconciliation 2014 2013 Selling, Income Net Income Selling, Income Net Income Three Months Ended June 30 General and from Attributable General and from Attributable (millions of dollars) Administrative Operations to Quintiles Administrative Operations to Quintiles A
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 (millions of dollars) 2014 2013 2014 2013 Net Income Attributable to Quintiles $ 85.1 $ 38.5 $ 175.3 $ 86.8 Income from Noncontrolling Interests - (0.1) - (0.3) Inte
Slide 13: Reconciliation 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 June 30 Six Months Ended June 30 (millions of dollars) 2014 1 2013 1 2014 1 2013 1 EPS EPS EPS EPS Net Income Attributable to Quintiles $ 85.1 $ 0.64 $ 38.5 $ 0.30 $ 175
Slide 14: 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 to1Quintiles $328 - $344 $2.49 - $2.61 Restructuring costs 14 - 12 0.11 - 0.09 1 Tax effect of adjustments (4) - (4) (0.03) - (0.03)