Fidelity National Information Services, Inc. · NYSE:FIS
Fidelity National Information Services — Investor Day (May 2024)
141 slides from Fidelity National Information Services's investor day presentation, May 7, 2024
Slide 1: Unlocking Financial Technology To The World
Unlocking Financial Technology To The World Exhibit 99.1
Slide 2: Opening Remarks
Citigroup Inc. The Toronto-Dominion Bank Capital One Financial Corporation The Goldman Sachs Group, Inc. JPMorgan Chase & Co. Truist Financial Corporation Bank of America Corporation U.S. Bancorp The PNC Financial Services Group, Inc. Wells Fargo & Company Opening Remarks 1 FIS Investor Day 2024 Geo
Slide 3: Disclosures
Disclosures Forward-looking Statements Our discussions today, including this presentation and any comments made by management, contain “forward-looking statements” within the meaning of the U.S. federal securities laws. Any statements that refer to future events or circumstances, including our futur
Slide 4: Strategic Vision
Citigroup Inc. The Toronto-Dominion Bank Capital One Financial Corporation The Goldman Sachs Group, Inc. JPMorgan Chase & Co. Truist Financial Corporation Bank of America Corporation U.S. Bancorp The PNC Financial Services Group, Inc. Wells Fargo & Company FIS Investor Day 2024 Strategic Vision 2 St
Slide 5: Agenda
Agenda Segment Strategy: Banking John Durrant Opening Remarks George Mihalos Strategic Vision Stephanie Ferris Technology Firdaus Bhathena Segment Strategy: Capital Markets Nasser Khodri Product & Innovation Tarun Bhatnagar Financial Overview James Kehoe Executive Q&A Stephanie Ferris & James Kehoe
Slide 6: FIS: Leadership At Scale With Marquee Set Of Clients
$9.8B Revenues 14K+ Clients $16T Financial Assets on Platforms 95% of the World’s Leading Banks FIS: Leadership At Scale With Marquee Set Of Clients 2023 Metrics FIS Investor Day 2024
Slide 7: FIS: Scaled Global Presence
FIS: Scaled Global Presence 1,500Sales and Relationship Managers Globally Sales and Distribution ~150 Countries with Clients & Prospects Global Presence 25K Technologists Technology $2B Across Six Continents International Revenue 2023 Metrics FIS Investor Day 2024
Slide 8: Decisive Actions To Overcome Challenges And Improve Outcomes
Challenges Lost Focus on Banking Increasing Mix of Lower Margin, Slower Growing Solutions Financial Constraints Our response Commercial Excellence Focused on higher-growth higher-margin opportunities Improved sales productivity Client-centric Delivery Re-energized technology, innovation and implemen
Slide 9: Decisive Actions To Overcome Challenges And Improve Outcomes
Outcomes >$550M Run-rate Cash Savings(2) +100bps Recurring Revenue Growth 2023 vs CAGR 2017 - 2022 +10ppts Growth Products’ Share of Technology Capital Spend(1) $1.7B+ Capital Return(2) Challenges Lost Focus on Banking Increasing Mix of Lower Margin, Slower Growing Solutions Financial Constraints Ou
Slide 10: Increasing Target Cash Savings And Capital Return To Shareholders
Increasing Target Cash Savings And Capital Return To Shareholders Financial Outlook Cash Savings Capital Return Broad based outperformance of quarterly financial commitments Increasing 2024 Adj. EPS outlook Raising OpEx savings target to $790M through 2026 Decreasing capital intensity of the busines
Slide 11: Our Vision
Our Vision Unlocking financial technology to the world. Best-of-breed financial solutions for FIs, corporates, fintechs and developers Flexible, consumable products that cut across verticals and geographies Always resilient, always secure, always on FIS Investor Day 2024
Slide 12: Outcomes of Future Forward Strategy: Shareholder Value Creation
Outcomes of Future Forward Strategy: Shareholder Value Creation Unlocking Financial Technology To The World: A Multi-year Strategy Executing To Deliver Profitable Growth Allocating Capital With Discipline Unlocking enterprise-wide capabilities to serve a broader market Innovating on modern infrastru
Slide 13: Today's Key Messages
We are uniquely positioned to lead in fast-growing markets. The blurring of boundaries in financial services fuels our growth. Our focused strategy and execution deliver strong results to shareholders. Today’s Key Messages FIS Investor Day 2024
Slide 14: Today's Key Messages
We are uniquely positioned to lead in fast-growing markets. The blurring of boundaries in financial services fuels our growth. Our focused strategy and execution deliver strong results to shareholders. Today’s Key Messages FIS Investor Day 2024
Slide 15: Unlocking Financial Technology Across The Money Lifecycle
Unlocking Financial Technology To The World Across The Money Lifecycle Core Banking Digital Banking Payments Treasury & Risk Wealth & Retirement Trading & Asset Services Commercial Lending MONEY AT REST MONEY IN MOTION MONEY AT WORK FIS Investor Day 2024
Slide 16: We Are A Global Leader In Large And Growing Markets
2023 Adj. EBITDA Margin 40.4% Recurring Revenue 80% 2023 Revenue $9.8B Note: Revenue, Recurring Revenue, Adj. EBITDA Margin and TAM represent 2023 figures; Adj. Revenue Growth 2021 - 2023 CAGR TAM sourced Ernst & Young Revenue Mix TAM $15B $83B $95B 29% 44% 27% Revenue $2.8B $4.3B $2.7B Adj. Revenue
Slide 17: We Serve Our Clients Through Two Leading Businesses
Note: Revenue, Recurring Revenue % and Adj. EBITDA Margin represent 2023 figures; Adj. Revenue % 2021 - 2023 CAGR (1) Excludes Corporate and Other Revenue We Serve Our Clients Through Two Leading Businesses Banking $6.7B 3% 43.5% Capital Markets 50.3% $2.8B 6% 83% 72% Revenue Adj. Revenue % Recurrin
Slide 18: Today's Key Messages
We are uniquely positioned to lead in fast-growing markets. The blurring of boundaries in financial services fuels our growth. Our focused strategy and execution deliver strong results to shareholders. Today’s Key Messages FIS Investor Day 2024
Slide 19: Traditional Boundaries Are Blurring Across The Money Lifecycle
Industry trends FIs expanding across their money lifecycle Corporates entering the money lifecycle Banking industry consolidation Digitization of finance Rising regulatory complexity, security threats Changing interest rate environment Full suite of best-of-breed solutions across money lifecycle wit
Slide 20: We Are Uniquely Positioned To Serve Our Clients
Citigroup Inc. The Toronto-Dominion Bank Capital One Financial Corporation The Goldman Sachs Group, Inc. JPMorgan Chase & Co. Truist Financial Corporation Bank of America Corporation U.S. Bancorp The PNC Financial Services Group, Inc. Wells Fargo & Company Banking Capital Markets We Are Uniquely Pos
Slide 21: We Are Uniquely Positioned To Serve Our Clients
Citigroup Inc. The Toronto-Dominion Bank Capital One Financial Corporation The Goldman Sachs Group, Inc. JPMorgan Chase & Co. Truist Financial Corporation Bank of America Corporation U.S. Bancorp The PNC Financial Services Group, Inc. Wells Fargo & Company Banking Capital Markets We Are Uniquely Pos
Slide 22: Our Scale And Capabilities Allow Us To Fully Meet Our Clients' Needs
LFI Regional & Community Banks Lending Technology Bank/Card Acquiring Treasury and Risk Trading and Asset Services Wealth and Retirement (1) Through strategic alliance with Worldpay MONEY AT REST MONEY IN MOTION MONEY AT WORK Core and Digital Banking Large Financial Institutions Regional and Communi
Slide 23: Our Integrated Solutions Help A Global Bank Grow And Expand
Our Integrated Solutions Help A Global Bank Grow And Expand MONEY AT REST MONEY IN MOTION MONEY AT WORK Core Banking and Digital Debit Processing Wealth Management Decision Solutions NYCE Network Securities Processing SWIFT Services Fixed Income Services B2B Payments Securities Finance Outsourced Se
Slide 24: Today's Key Messages
We are uniquely positioned to lead in fast-growing markets. The blurring of boundaries in financial services fuels our growth. Our focused strategy and execution deliver strong results to shareholders. Today’s Key Messages FIS Investor Day 2024
Slide 25: Accelerating Innovation On A Strong Foundation
Accelerating Innovation On A Strong Foundation Scaled Technology Provider Best-of-breed on Cloud Foundation Platform for Innovation WHERE we’re GOING: WHERE WE ARE: Where we’VE BEEN: FIS Investor Day 2024
Slide 26: Building blocks of our strategy and outcomes achieved
Building blocks of our strategy Outcomes achieved Capital MarketS Solutions Banking Solutions Drive operational excellence Modernize our industry-leading cores Scale our best-in-class digital suite Accelerate growth in payments Leverage global distribution to expand into fast-growing verticals Innov
Slide 27: Disciplined Capital Allocation Focused On Long-term Value Creation
Disciplined Capital Allocation Focused On Long-term Value Creation Focusing on higher-growth, higher-margin solutions Modernizing technology to increase the pace of innovation Organic Investments Dividends targeting 35% payout of adjusted net income excluding Worldpay EMI Targeting return of capital
Slide 28: We Are Uniquely Positioned To Capitalize On Growth Opportunities
We are: Scaled Technology Leader We have: Global Distribution & Marquee Set Of Clients We deliver: Broad Suite Of Best-of-breed Solutions 1 2 3 Allowing Us To drive Double-Digit Total Return We Are Uniquely Positioned To Capitalize On Growth Opportunities FIS Investor Day 2024
Slide 29: Technology
Citigroup Inc. The Toronto-Dominion Bank Capital One Financial Corporation The Goldman Sachs Group, Inc. JPMorgan Chase & Co. Truist Financial Corporation Bank of America Corporation U.S. Bancorp The PNC Financial Services Group, Inc. Wells Fargo & Company FIS Investor Day 2024 Technology 3 Firdaus
Slide 30: Today's Key Messages
We deliver highly secure and resilient infrastructure. We build industry-leading solutions and experiences. We are investing in next-gen technology and platforms. Today’s Key Messages Clients trust us to run their business. Clients depend on us to compete and grow. Clients expect us to lead them int
Slide 31: Our Technology Powers Global Finance Across The Money Lifecycle
MONEY AT WORK MONEY AT REST MONEY IN MOTION Industry-leading technology… …operating at global scale 60B+ transactions processed annually on our technology 250K virtual CPUs >200PB data stored and analyzed 25K technologists 1.5B API calls per month 90%+ workloads on cloud Our Technology Powers Global
Slide 32: Accelerating Innovation On A Strong Foundation
Accelerating Innovation On A Strong Foundation Scaled Technology Provider Best-of-breed on Cloud Foundation Platform for Innovation First to cloud, highly secure, resilient, scalable infrastructure Componentized products and seamless experiences to enable best-of-breed solutions, on cloud foundation
Slide 33: Modern Technology Architecture Delivers Speed, Agility and Innovation
CLOUD-ENABLED SECURE AND RESILIENT INFRASTRUCTURE Multi-cloud DATA AND RESPONSIBLE AI Componentized Products with Intuitive UX Core Banking Digital Banking Lending Tech Payments Wealth & Retirement Trading and Asset Svcs Treasury and Risk Third- parties Modern Technology Architecture Delivers Speed,
Slide 34: We Continue To Strengthen Our Secure And Resilient Infrastructure
We Continue To Strengthen Our Secure And Resilient Infrastructure Average remediation time Vulnerabilities proactively remediated 2022 2023 90% reduction in outages over last 5 years Zero recurrence in major outages across Infra and Platform Ops in 2021, 2022 and 2023 1,000 unique self-healing bots
Slide 35: We Remain Ahead Of The Curve In Adopting Cloud
We Remain Ahead Of The Curve In Adopting Cloud Self-service experience Secure and resilient foundations Multi-cloud + hybrid-cloud interoperability Multi-cloud-native architecture Accelerated pathway to public cloud …and accelerating disciplined public cloud adoption Migrated 90%+ of workloads to cl
Slide 36: Select Examples Unlocking Significant Value With Cloud
Select Examples Unlocking Significant Value With Cloud Trade compliance (Compliance Suite) ML Machine learning capabilities unlocked 3x Faster compute-heavy batch processes Enabling SaaS Accelerating innovation new markets Risk Management (Insurance Risk Suite) ~275% Revenue growth(1) ~325% Recurrin
Slide 37: Building Componentized Composable Products With Intuitive UX
Building Componentized Composable Products With Intuitive UX Modernize Cores In-Place Build Modern Products and Experiences Extend Client-centric Product Design and Delivery Excellence Enable best-of-breed solution bundles Increase cross-sell Enable new vertical expansion Enable seamless user journe
Slide 38: Efficient Capital Deployment To Accelerate High-growth Products
Technology Capital Allocation, % of total capital Efficient Capital Deployment To Accelerate High-growth Products high-growth products Remaining portfolio +10ppts increase in growth products’ share of technology capital $1,050M $800M FIS Investor Day 2024
Slide 39: Driving Growth With Modern Products And Experiences
Driving Growth With Modern Products And Experiences Unified API-enabled Access Layer Real-Time Analytics and Reporting MBP Core Deposits and Lending FIS and Public Cloud FIS Cloud Multicloud Retail Deposits Core Retail Lending Core Commercial Deposits Core Distributed Event Streaming Platform Quantu
Slide 40: Modernize-in-place: Componentizing Cores Enables Best-of-breed Solutions
Core Deposits Compliance Core Lending Product Mgmt Collateral Analytics & Insights Collections Product & Organization General Ledger Reconciliation Product Pricing Regulatory Reporting Code Connect/ Banking Platform Services Digital Channels Card Mgmt Networks Enterprise Customer Payments Document M
Slide 41: Modernize-in-place: Componentizing Cores Enables Best-of-breed Solutions
Core Deposits Compliance Core Lending Product Mgmt Collateral Analytics & Insights Collections Product & Organization General Ledger Reconciliation Product Pricing Regulatory Reporting Code Connect/ Banking Platform Services Digital Channels Card Mgmt Networks Enterprise Customer Payments Document M
Slide 42: Modernize-in-place: Componentizing Cores Enables Best-of-breed Solutions
Core Deposits Compliance Core Lending Product Mgmt Collateral Analytics & Insights Collections Product & Organization General Ledger Reconciliation Product Pricing Regulatory Reporting Code Connect/ Banking Platform Services Digital Channels Card Mgmt Networks Enterprise Customer Payments Document M
Slide 43: Modernize-in-place: Componentizing Cores Enables Best-of-breed Solutions
Core Deposits Compliance Core Lending Product Mgmt Collateral Analytics & Insights Collections Product & Organization General Ledger Reconciliation Product Pricing Regulatory Reporting Code Connect/ Banking Platform Services Digital Channels Card Mgmt Networks Enterprise Customer Payments Document M
Slide 44: Modernize-in-place: Componentizing Cores Enables Best-of-breed Solutions
Core Deposits Compliance Core Lending Product Mgmt Collateral Analytics & Insights Collections Product & Organization General Ledger Reconciliation Product Pricing Regulatory Reporting Code Connect/ Banking Platform Services Digital Channels Card Mgmt Networks Enterprise Customer Payments Document M
Slide 45: Accelerating The Product Flywheel Through Client-Centric Design
Streamline Client Implementations Configurable “product-in-a-box” deployments enabled by AI and automation Accelerate end-to-end product delivery Business + engineering + CX teams aligned to common OKRs Agile, DevSecOps, SRE Invest in Next-Gen skills and developer experience Accelerated hiring and u
Slide 46: Our Results: Transforming Delivery Of High-Growth Products
Our Results: Transforming Delivery Of High-Growth Products Note: Results from rollout to 15+ products and 50+ teams Higher client satisfaction Client NPS scores Improved quality Defects proactively detected and prevented +25 ppts +20-40% 70% Faster delivery Velocity: features delivered per “sprint”
Slide 47: Embedded Finance API marketplace
Speaker notes: I am incredibly excited about our new Embedded Finance API marketplace This is what makes our Money at Rest-Motion-Work ecosystem a true platform for innovation And offers a powerful array of capabilities to every financial services institution, corporate, fintech, and developer Our E
Slide 48: Modern Stack Enables Responsible Adoption And Scaling Of AI
Security and Resiliency Mitigated 110K+ security incidents using intelligent security tools Client Experience Accelerated client issue resolution by 33% using GenAI-assisted CX tools Operational Efficiency Improved developer productivity by 10% - 30% through GenAI pilots New Revenue Streams Fraud pr
Slide 49: We Are Uniquely Positioned To Capitalize On Growth Opportunities
Highly secure and resilient cloud infrastructure at scale Clients depend on us to grow and lead them into the future Industry-leading products across the money lifecycle PROVEN RESULTS FROM ONGOING TECH TRANSFORMATION 1 2 3 Scaled Technology Leader Global Distribution & Marquee Set Of Clients Broad
Slide 50: Segment Strategy: Banking Solutions
Citigroup Inc. The Toronto-Dominion Bank Capital One Financial Corporation The Goldman Sachs Group, Inc. JPMorgan Chase & Co. Truist Financial Corporation Bank of America Corporation U.S. Bancorp The PNC Financial Services Group, Inc. Wells Fargo & Company Segment Strategy: Banking Solutions FIS Inv
Slide 51: Today's Key Messages
We are a leading provider of financial technology. Our growth strategy focuses on operational excellence, core and digital innovation, and payments. Clear path to deliver sustainable high-quality growth Today’s Key Messages FIS Investor Day 2024
Slide 52: Today's Key Messages
We are a leading provider of financial technology. Our growth strategy focuses on operational excellence, core and digital innovation, and payments. Clear path to deliver sustainable high-quality growth Today’s Key Messages FIS Investor Day 2024
Slide 53: Our Technology Underpins The World's Financial System
MONEY AT REST MONEY IN MOTION MONEY AT WORK Wealth & Retirement Payments Core & Digital Card, money rails, network, fraud, loyalty and AR/AP software Ledgering and recordkeeping Core platforms and digital solutions 17B+ $8T 58% of large and regional U.S. banks are core customers transactions process
Slide 54: Our Business Operates At Scale In Growing Markets
BANKING SOLUTIONS BANKING SOLUTIONS Revenue Mix MARKET US TAM Our Business Operates At Scale In Growing Markets Adj. Rev. % 2021 - 2023 US TAM Growth 2024 - 2026 MONEY AT REST MONEY IN MOTION MONEY AT WORK 40% 50% 10% $15B $53B $6B Wealth & Retirement Payments Core & Digital 2% 4% 7% 3% 5% 3% 100% 3
Slide 55: We Provide Mission-Critical Technology To Our Clients
BANKS FINANCIAL SERVICES INSTITUTIONS We Provide Mission-Critical Technology To Our Clients CORPORATES & OTHER +3,000 +4,900 +1,800 Financial Services Companies and Credit Unions Large, Regional and Community Banks Fintechs, Retailers, Governments, Healthcare etc. 2023 Metrics FIS Investor Day 2024
Slide 56: We Serve Clients Across All Their Financial Technology Needs
Products Cores Digital Debit Processing Credit Processing Network (NYCE) Money Rails (ACH, Wires, etc.) AP/AR Fraud Loyalty Wealth Retirement Wealth & Retirement Payments Core & Digital Large Banks Corporates Core Clients Have An Average Of 20+ Products Financial Services Institutions Credit Unions
Slide 57: We Are On Track to Return to High-Quality Growth
2022 Banking Solutions Revenue ($B) Adjusted Revenue Growth GROWTH RATES Core Accounts(1) 3% 3% Card Transactions(2) 5% 5% Adj. EBITDA Margin 44% 42/45% H1 H2 5.8% 4.1% Adjusted Recurring Revenue Growth We Are On Track to Return to High-Quality Growth (1) Core deposit accounts hosted by FIS core pla
Slide 58: Today's Key Messages
We are a leading provider of financial technology. Our growth strategy focuses on operational excellence, core and digital innovation, and payments. Clear path to deliver sustainable high-quality growth Today’s Key Messages FIS Investor Day 2024
Slide 59: Our Banking Growth Strategy
Unlocking Financial Technology To The World: Our Banking Growth Strategy Core & Digital Operational Excellence Payments Continuing focus on client experience and sales excellence Build on our proven strengths with next-gen cores and digital solutions Increase payments growth by improving sales execu
Slide 60: Continuing To Focus On Client Experience
Continuing To Focus On Client Experience Increased dedicated client coverage(1) +54% Q1-2023 Q1-2024 Product implementations completed(2) +26% 2021 2023 Launched new self-service tools Dedicated support for core clients Investing in people, process and technology to accelerate implementations (1) #
Slide 61: Sales Will Be Bolstered By Improved Sales Model And Expanded Distribution
Sales Will Be Bolstered By Continued Improvement In The Sales Model And Expanded Distribution Increased Salesforce productivity(1) +15% 2022 2023 Increased focus on sales margin(2) +110 bps 2022 2023 Broadening distribution through: Partnership with Expanded reach through developers and ISVs $300M o
Slide 62: We Are Building On Our Industry-Leading Core Banking Technology
Horizon End-to-end integrated technology and services for community banks IBS Best-in-class commercial banking capabilities for regional banks 58% share(1) MBP First cloud native, core designed for largest banks Production Implementation We Are Building On Our Industry-Leading Core Banking Technolog
Slide 63: We Are Scaling Our Leading Digital Solutions
We Are Scaling Our Leading Digital Solutions Digital revenue – large banks +19% 2021 2022 2023 $1T 50% 30+ Digital One Best-of-breed Solution What’s Next: Bringing Our Best-of-breed Digital Solutions into Regional and Community Banking Total Deposits Managed Large and Regional Banks Share Large Bank
Slide 64: We Have A Scaled Payments Business That Will Fuel Further Growth
MONEY RAILS Value Added Services NETWORK ISSUER PROCESSING We Have A Scaled Payments Business That Will Fuel Further Growth We Are Refocusing Our Commercial Engine To Capitalize On Our Proven Products In High Growth Areas MONEY IN MOTION Credit Processing NYCE ACH, Wires, RTP, Zelle, Bill Pay, etc.
Slide 65: We Are Growing In Issuer Processing With Core And Non-Core Clients
We Are Growing In Issuer Processing With Core And Non-Core Clients Through Sales Focus Issuer processing volume Credit and Debit, $B MONEY IN MOTION +5% 2021 2022 2023 >$500M 49 Payments One Best-of-breed Solution 96 additional opportunity from switching FIS core clients to FIS processing non-core c
Slide 66: We Will Continue To Grow Our Premium Payback Network
55M cardholders eligible for Premium Payback 36% Y-o-Y revenue growth We Will Continue To Grow Our Premium Payback Network Through Our Partnership With Worldpay Points Redeemed (B) 2021 2022 2023 17 21 24 MONEY IN MOTION Retailers Grocery Stores Pharmacies Gas Stations Premier Financial Institution
Slide 67: Market Dynamics Driving Increased Demand For NYCE
Market Dynamics Driving Increased Demand For NYCE 2020 2021 2022 2023 NYCE TRANSACTION VOLUME Number of transactions +8% MONEY IN MOTION NYCE Best-of-breed Solution >40 18 >$100M issuing banks and credit unions added to NYCE in the last 12 months additional opportunity from adding NYCE to FIS client
Slide 68: Today's Key Messages
We are a leading provider of financial technology. Our growth strategy focuses on operational excellence, core and digital innovation, and payments. Clear path to deliver sustainable high-quality growth Today’s Key Messages FIS Investor Day 2024
Slide 69: We Will Deliver Predictable And Sustainable Revenue Growth Of 3.5 - 4.5%
3.0% (1.0)% We Will Deliver Predictable And Sustainable Revenue Growth Of 3.5 - 4.5% By 2025 / 2026 Increased sales focus on payments solutions Capitalize on partnership with Worldpay Capture market trends in network and AR/AP Tuck-in M&A in payments Re-focusing on higher-quality revenue Setting low
Slide 70: We Are Uniquely Positioned To Capitalize On Growth Opportunities
Ahead of competitors in modernizing tech, providing faster and more flexible innovation Leveraging leadership in core to expand wallet share and enter new verticals Focusing on faster growing digital and payments HIGH-QUALITY RECURRING REVENUE GROWTH Scaled Technology Leader Global Distribution & Ma
Slide 71: Segment Strategy: Capital Markets Solutions
Citigroup Inc. The Toronto-Dominion Bank Capital One Financial Corporation The Goldman Sachs Group, Inc. JPMorgan Chase & Co. Truist Financial Corporation Bank of America Corporation U.S. Bancorp The PNC Financial Services Group, Inc. Wells Fargo & Company FIS Investor Day 2024 Segment Strategy: Cap
Slide 72: Today's Key Messages
We are uniquely positioned to lead in fast-growing markets. Our innovative solutions drive growth in traditional and adjacent verticals. Our focused strategy and execution delivers strong results. Today’s Key Messages FIS Investor Day 2024
Slide 73: Today's Key Messages
We are uniquely positioned to lead in fast-growing markets. Our innovative solutions drive growth in traditional and adjacent verticals. Our focused strategy and execution delivers strong results. Today’s Key Messages FIS Investor Day 2024
Slide 74: We Operate Across The Money Lifecycle Through Three Solution Ecosystems
We Operate Across The Money Lifecycle Through Three Solution Ecosystems CAPITAL MARKETS 5% 7% 12% $66B $23B $30B 57% 32% 11% MONEY IN MOTION MONEY AT WORK Trading & Asset Services Treasury & Risk Commercial Lending 50.3% 72% $2.8B 6% 2023 Adj. EBITDA Margin Recurring Revenue 2023 Revenue Adj. Revenu
Slide 75: We Have An Industry-Leading Position With A Global Client Base
We Have An Industry-Leading Position With A Global Client Base 6,000+ clients served across ~150 countries MONEY IN MOTION MONEY AT WORK 70% Top 100 Insurance Firms 1,500+ Risk Clients 1,250+ Treasury Clients $50T AUM of Traditional Asset Managers $4T AUM of Private Equity Institutions 17 of 25 Top
Slide 76: FIS Treasury And Risk Ecosystem
FIS Treasury And Risk Ecosystem Enabling Strategic Growth, Protecting Client Assets And Mitigating Risk With RegTech Insurers and Corporates Key Trends Risk and RegTech: Protecting against risk and complying with regulations allowing our clients to focus on growth Outsourcing: Outsourcing of Treasur
Slide 77: FIS Commercial Lending Ecosystem
FIS Commercial Lending Ecosystem Innovating And Digitization Lending And Leasing Capabilities For Corporates And OEMs Digitization: Digitization of lending and credit data Outsourcing: Outsourcing of lending and credit technologies to cloud-based providers ESG: Shift of assets for leasing (electric
Slide 78: FIS Trading And Asset Services Ecosystem
FIS Trading And Asset Services Ecosystem Innovating And Automating Transaction And Data Flows Across The Capital Markets Industry Buyside Evolution: Buyside companies taking on traditional sell side functions (e.g., self clearing) Shift of Capital: Shift of capital from public to private credit Big
Slide 79: Our Ability To Serve Global Clients Is Unparalleled
Monoline Treasury Mgmt. provider Monoline Loan Origination provider Lending and Treasury focused Fintech Risk and Lending Buyside provider Exchange and Data provider Global Footprint Breadth of Solutions Why are we ahead: Integrated platforms with plug-and-play solutions Scale that drives market-lea
Slide 80: Today's Key Messages
We are uniquely positioned to lead in fast-growing markets. Our innovative solutions drive growth in traditional and adjacent verticals. Our focused strategy and execution delivers strong results. Today’s Key Messages FIS Investor Day 2024
Slide 81: Clients Across Verticals Value Our Ability To Serve Their Needs
Clients Across Verticals Value Our Ability To Serve Their Needs Across The Money Lifecycle Asset Mgrs. Asset Svcrs. Banks & Lenders Broker / Dealers Insur. Firms Auto & EqUip. Corps. Solution Ecosystem Asset Svcrs. Banks & Lenders Broker / Dealers Insur. Firms Auto & Equip. Asset Mgrs. Corps. Tradit
Slide 82: We Have Expanded Substantially Beyond Our Traditional Verticals
We Have Expanded Substantially Beyond Our Traditional Verticals Adjacent verticals (Corporates, Insurance, Automotive, etc.) Traditional verticals (Asset Managers, Asset Servicers, Banks / Lenders, Broker / Dealers) Share of revenue per vertical category, ~% of total revenue Consuming solutions such
Slide 83: We Are Driving Growth Through Cross-Sell
We Are Driving Growth Through Cross-Sell Asset Mgrs. Asset Svcrs. Banks & Lenders Broker / Dealers Insur. Firms Auto & EqUip. Corps. ~30% of our clients take multiple FIS solutions ~6% growth in revenue per client Best-of-breed Products Comprehensive Set of Solutions Innovation That Drives Growth Gl
Slide 84: Targeted In High-Growth Areas
MONEY IN MOTION MONEY AT WORK Trading & Asset Services Treasury & Risk Commercial Lending $12B TAM Auto & Equipment Finance $11B TAM $13B TAM TAM Growth ’20–’23 Revenue CAGR 14% 11% 15% Treasury & payments Alternatives Innovation Targeted In High-Growth Areas TAM Growth ’20–’23 Revenue CAGR TAM Grow
Slide 85: Today's Key Messages
We are uniquely positioned to lead in fast-growing markets. Our innovative solutions drive growth in traditional and adjacent verticals. Our focused strategy and execution delivers strong results. Today’s Key Messages FIS Investor Day 2024
Slide 86: We Have A Clear Path Forward To Sustained Long-Term Growth
2020 2023 / 2024 2025 / 2026 Drivers REVENUE Growth 5.2% / 6.5% - 7.0% 7.5% - 8.5% ADJ. EBITDA Margin 48% ~50% 50%+ Recurring Revenue 68% ~72% ~75% We Have A Clear Path Forward To Sustained Long-Term Growth Adopting next-gen technologies (GenAI), digitizing data and CX Tuck-in M&A Allocating 70%+ of
Slide 87: Our Growth Objectives
Predictable and Sustainable Growth of 7.5% - 8.5% by 2025 / 2026 Our Growth Objectives Corporates Automotive Insurance TRADITIONAL VERTICALS Expanding across tiers ADJACENT VERTICALS Expanding into adjacent verticals TUCK-IN ACQUISITIONS Enhancing growth Align to our M&A playbook Innovative capabili
Slide 88: We Are Uniquely Positioned To Capitalize On Growth Opportunities
Platform with market-leading componentized, cloud-native solutions Well-positioned to capture industry trends in large, growing, global markets Innovative solutions drive growth in traditional and adjacent verticals We Are Uniquely Positioned To Capitalize On Growth Opportunities Clear path to susta
Slide 89: Unlocking Financial Technology To The World
Unlocking Financial Technology To The World
Slide 90: Product & Innovation
Citigroup Inc. The Toronto-Dominion Bank Capital One Financial Corporation The Goldman Sachs Group, Inc. JPMorgan Chase & Co. Truist Financial Corporation Bank of America Corporation U.S. Bancorp The PNC Financial Services Group, Inc. Wells Fargo & Company FIS Investor Day 2024 Product & Innovation
Slide 91: FIS Investor Day 2024
FIS Investor Day 2024
Slide 92: Helping banks grow and evolve
Helping banks grow and evolve Unleashing new value from data Unlocking financial technology to the world FIS Investor Day 2024
Slide 93: Helping banks grow and evolve
Helping banks grow and evolve Unleashing new value from data Unlocking financial technology to the world FIS Investor Day 2024
Slide 94: FIS Investor Day 2024
FIS investor Day 2024 M lasted Fis
Slide 95: Helping banks grow and evolve
Helping banks grow and evolve Unleashing new value from data Unlocking financial technology to the world FIS Investor Day 2024
Slide 96: FIS Investor Day 2024
FIS Investor Day 2024
Slide 97: ie AN.
= 564.416m ie AN. = jessH Wl a Fis investor Day 2024
Slide 98: Helping banks grow and evolve
Helping banks grow and evolve Unleashing new value from data Unlocking financial technology to the world FIS Investor Day 2024
Slide 99: For creators, by creators
[at-el-io] For creators, by creators FIS Investor Day 2024
Slide 100: KeyBank client overview
One of the nation’s largest bank-based financial services companies. Headquartered in Cleveland, Ohio. 40,000+ ATMS KeyBank and Allpoint ATMs nationwide $188.3 billion assets (as of 12/31/23) $6.4 billion Revenue (FY 2023) ~17,000 Full-time equivalent (FTE) employees FIS Investor Day 2024
Slide 101: Unlocking financial technology to the world
Unlocking financial technology to the world Grow and evolve Unleashing new value FIS Investor Day 2024
Slide 102: FIS Investor Day 2024
FIS Investor Day 2024
Slide 103: Private student loan provider client profile
Founded in 2014 and based in Wilmington, Delaware Second largest private student loan provider in the US. Applications decisions are instant. Offers education loans in all 50 states. FIS Investor Day 2024
Slide 104: Unlocking financial technology to the world
Unlocking financial technology to the world Grow and evolve Unleashing new value FIS Investor Day 2024
Slide 105: FIS Investor Day 2024
FIS Investor Day 2024
Slide 106: Healthcare software client profile
Integrated solutions optimizing engagement across patient, provider, operational and financial workflows Premier provider of software and services within the healthcare industry Headquartered in White Plains, NY FIS Investor Day 2024
Slide 107: Unlocking financial technology to the world
Unlocking financial technology to the world Grow and evolve Unleashing new value FIS Investor Day 2024
Slide 108: FIS Investor Day 2024
FIS Investor Day 2024
Slide 109: Financial Overview
Citigroup Inc. The Toronto-Dominion Bank Capital One Financial Corporation The Goldman Sachs Group, Inc. JPMorgan Chase & Co. Truist Financial Corporation Bank of America Corporation U.S. Bancorp The PNC Financial Services Group, Inc. Wells Fargo & Company FIS Investor Day 2024 7 James Kehoe Chief F
Slide 110: Today's Key Messages
2023: Setting a New Course Outperformed Financial Commitments Worldpay Transaction Resumed Share Repurchase 2024: Building Momentum Accelerating Revenue Growth Expanding Margin Increasing Return of Capital 2024+: Compelling Investment Thesis Accelerating Revenue and EPS Growth Disciplined Capital Re
Slide 111: Today's Key Messages
2023: Setting a New Course Outperformed Financial Commitments Worldpay Transaction Resumed Share Repurchase 2024: Building Momentum Accelerating Revenue Growth Expanding Margin Increasing Return of Capital 2024+: Compelling Investment Thesis Accelerating Revenue and EPS Growth Disciplined Capital Re
Slide 112: Took Significant Action In 2023
Took Significant Action In 2023 Sustained high-quality recurring revenue growth Allocated resources to highest conviction growth opportunities Innovated to deliver high-impact solutions Drove efficiency throughout the organization with Future Forward Re-energized technology, innovation and implement
Slide 113: Delivered On Our 2023 Commitments
Delivered On Our 2023 Commitments Track Record of Exceeding Expectations METRICS ($ millions) Q1 2023 Q2 2023 Q3 2023 Q4 2023 Revenue Outlook $3,510 $3,375 - $3,425 $3,746 $3,675 - $3,725 $3,690 $3,640 - $3,690 $3,733 $3,654 - $3,704 Adjusted EBITDA Outlook $1,359 $1,285 - $1,325 $1,551 $1,510 - $1,
Slide 114: Track Record of Exceeding Expectations
Track Record of Exceeding Expectations METRICS ($ millions) FY 2023 OUTLOOK (Original) FY 2023 RESULTS Q1 2024 OUTLOOK Q1 2024 RESULTS Revenue $14,200 - $14,450 $14,680 $2,430 - $2,455 $2,467 Adj. Revenue Growth (1)% - 1% 2% 2.5% - 3.5% 3.3% Adjusted EBITDA $5,900 - $6,100 $6,154 $955 - $970 $975 Ad
Slide 115: Today's Key Messages
2023: Setting a New Course Outperformed Financial Commitments Worldpay Transaction Resumed Share Repurchase 2024: Building Momentum Accelerating Revenue Growth Expanding Margin Increasing Return of Capital 2024+: Compelling Investment Thesis Accelerating Revenue and EPS Growth Disciplined Capital Re
Slide 116: Accelerating Growth And Expanding EBITDA Margin
METRICS ($ millions, except per share data) FY 2024 Revenue $10,100 - $10,150 Adjusted Revenue Growth 4.0% - 4.5% Banking Solutions Capital Markets Solutions 3.0% - 3.5% 6.5% - 7.0% Adjusted EBITDA $4,100 - $4,140 Adjusted EBITDA Margin Margin Expansion 40.6% - 40.8% +20 - 40 bps Adjusted EPS $4.88
Slide 117: Increasing 2024 Share Repurchases From $3.5B To $4.0B
2023 2024 Total Capital to Shareholders $1.7B $4.8B Share Repurchases $510M $4.0B Leverage Ratio(1) 3.0x 2.8x Investment Grade Rating BBB/Baa2 BBB/Baa2 Increasing 2024 Share Repurchases From $3.5B To $4.0B (1) Leverage ratio calculated as total debt / Adjusted EBITDA unburdened by stock compensation
Slide 118: Today's Key Messages
2023: Setting a New Course Outperformed Financial Commitments Worldpay Transaction Resumed Share Repurchase 2024: Building Momentum Accelerating Revenue Growth Expanding Margin Increasing Return of Capital 2024+: Compelling Investment Thesis Accelerating Revenue and EPS Growth Disciplined Capital Re
Slide 119: Banking Growth Led By Organic Account / Transaction Growth
Non-Recurring Revenue, driving ~1% decline in adjusted revenue growth High-Growth Products, digital and payments driving incremental revenue growth Underlying Growth, from existing clients Account Growth(1): 2.7% Transaction Growth(2): 5.4% KEY GROWTH DRIVERS Tuck-In Acquisitions, contributing 0.5%
Slide 120: Capital Markets Growth Backed By MSD TAM Growth
Capital Markets Growth Backed By MSD TAM Growth Non-Recurring Revenue, assumed relatively flat impact to growth Newer Verticals & Products, expanding into corporates, insurance companies and auto finance Traditional Verticals, increasing penetration of solution ecosystems leveraging global distribut
Slide 121: Revenue Growth Underpinned By Attractive TAM Growth
TAM / Underlying & Traditional Growth Strong Foundation of Transaction, Account and Traditional Vertical Growth Tuck-In Acquisitions 0.8% - 1.3% Annually Commercial Execution Sales Execution, Accelerated Cross-Sales Across Marquee Clients (1) TAM CAGR 2024 - 2026 (2) Corporate & Other revenue expect
Slide 122: Sustainable Margin Expansion Of 40 - 60 bps Annually
Segment Mix OpEx Savings Back Office Reinvention Technology Optimization Leveraging Gen AI / ML / BPO Dis-Synergy (TSAs) Cost Increases: Merit / Growth Investments Operating Leverage Sustainable Margin Expansion Of 40 - 60 bps Annually MARGIN LEVERS FIS Investor Day 2024
Slide 123: Raising Target For OpEx Cost Savings
OPERATIONAL EXPENSE SAVINGS (Cumulative Impact $M) $435M $625M $790M Y-o-Y Benefit Raising Target For OpEx Cost Savings STRONG PIPELINE OF ADDITIONAL OPERATING EXPENSE SAVINGS EXITING 2024. FIS Investor Day 2024
Slide 124: Reiterating Our Disciplined Capital Allocation Priorities
Reiterating Our Disciplined Capital Allocation Priorities ROBUST CAPITAL GENERATION BALANCED CAPITAL ALLOCATION 35% Dividend Payout(1) STRONG COMMITMENT TO SHAREHOLDER RETURNS. 90%+ Adj. FCF Conversion 2.8x Gross Leverage $1B (1) Dividend payout based off FIS Adjusted Net Earnings, excluding Worldpa
Slide 125: Key Assumptions
KEY ASSUMPTIONS Below-The-Line Considerations Interest Expense Refinancing at higher rates; WAIR ~3.9% 2026 ~2% headwind to Adj. EPS growth Effective Tax Rate Rate optimization underway Expect gradual reduction over time Worldpay EMI growing 7.5% - 9.5% annually Adj. EBITDA Growth / Debt Paydown / L
Slide 126: Durable Value Creation Drives Double-digit Total Return
High quality recurring revenue growth profile that is durable Sustainable margin expansion via scale leverage / opex cost savings; >60 bps post 2026 Disciplined capital allocation that advances our strategy and enhances shareholder returns (1) 2025 / 2026 reflects 9% - 12% growth off of a FY 2024 pr
Slide 127: Compelling Investment Thesis
Double-digit Total Return Durable Recurring Revenue Model Balance Sheet Strength and Flexibility Sustainable Operating Leverage Strong FCF Generation ~80% Recurring 40 - 60 bps Expansion Annually 2.8x Gross Leverage 90%+ Adj. FCF Conversion KEY TAKEAWAY: COMPELLING INVESTMENT THESIS STRONG FUNDAMENT
Slide 128: Executive Q&A
Citigroup Inc. The Toronto-Dominion Bank Capital One Financial Corporation The Goldman Sachs Group, Inc. JPMorgan Chase & Co. Truist Financial Corporation Bank of America Corporation U.S. Bancorp The PNC Financial Services Group, Inc. Wells Fargo & Company FIS Investor Day 2024 Executive Q&A 8 Steph
Slide 129: Unlocking Financial Technology To The World
Unlocking Financial Technology To The World
Slide 130: Unlocking Financial Technology To The World
Unlocking Financial Technology To The World
Slide 131: We Are Uniquely Positioned To Capitalize On Growth Opportunities
We are: Scaled Technology Leader We have: Global Distribution & Marquee Set Of Clients We deliver: Broad Suite Of Best-Of-Breed Solutions 1 2 3 Allowing Us To drive Double-Digit Total Return We Are Uniquely Positioned To Capitalize On Growth Opportunities FIS Investor Day 2024
Slide 132: Appendix
Citigroup Inc. The Toronto-Dominion Bank Capital One Financial Corporation The Goldman Sachs Group, Inc. JPMorgan Chase & Co. Truist Financial Corporation Bank of America Corporation U.S. Bancorp The PNC Financial Services Group, Inc. Wells Fargo & Company Appendix FIS Investor Day 2024
Slide 133: Normalized 2023 Adj. EPS Results
Normalized 2023 Adj. EPS Results FY 2023 Normalized Adj. EPS FY 2023 Adj. EPS (Con. Ops.) $3.37 Assuming transaction occurred 1/1/2023: EMI Contribution (Worldpay) $0.67 Capital Deployment $0.60 Normalized Tax Rate (WP Impact) $(0.14) Normalized FY 2023 Adj. EPS(1) $4.50 Estimated One Month Worldpay
Slide 134: Forward-Looking Statements
Forward-Looking Statements Today’s presentation and today’s webcast contain “forward-looking statements” within the meaning of the U.S. federal securities laws. Statements that are not historical facts, as well as other statements about our expectations, beliefs, intentions, or strategies regarding
Slide 135: Forward-Looking Statements
Forward-Looking Statements the risk that the costs of restructuring transactions and other costs incurred in connection with the separation of the Worldpay business will exceed our estimates or otherwise adversely affect our business or operations; the impact of the separation of Worldpay on our bus
Slide 136: FIS Use of Non-GAAP Financial Information
FIS Use of Non-GAAP Financial Information Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting in the United States. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizi
Slide 137: Reconciliation of GAAP to Non-GAAP Financials: Adjusted Revenue Growth CAGR
Reconciliation of GAAP to Non-GAAP Financials Adjusted Revenue Growth CAGR TWELVE MONTHS ENDED DECEMBER 31, 2023 BANKING SOLUTIONS CAPITAL MARKET SOLUTIONS CORPORATE AND OTHER TOTAL Revenue $6,733 $2,766 $322 $9,821 FX 45 61 (7) 99 Constant Currency Revenue $6,778 $2,827 $315 $9,920 TWELVE MONTHS EN
Slide 138: Reconciliation of GAAP to Non-GAAP Financials: Adjusted EBITDA
Reconciliation of GAAP to Non-GAAP Financials Adjusted EBITDA ($ millions, unaudited) See Notes 1-5 on the following slide. Amounts in table may not sum or calculate due to rounding. TWELVE MONTHS ENDED DECEMBER 31, 2023 Net earnings (loss) attributable to FIS $503 Provision (benefit) for income tax
Slide 139: Notes to Supplemental GAAP to Non-GAAP Reconciliations
Notes to Unaudited – Supplemental GAAP to Non-GAAP Reconciliations This item represents purchase price amortization expense on all intangible assets acquired through various Company acquisitions, including customer relationships, contract value, technology assets, trademarks and trade names. This it
Slide 140: Reconciliation of GAAP to Non-GAAP Financials: Banking Adjusted Revenue Growth
Reconciliation of GAAP to Non-GAAP Financials Banking Adjusted Revenue Growth TWELVE MONTHS ENDED DECEMBER 31, 2023 DECEMBER 31, 2022 Banking Revenue $6,733 $6,624 FX - 51 Constant Currency Revenue $6,733 $6,675 TWELVE MONTHS ENDED DECEMBER 31, 2022 DECEMBER 31, 2021 Banking Revenue $6,624 $6,361 Ad
Slide 141: Reconciliation: Banking Adjusted Recurring Revenue Growth
Reconciliation of GAAP to Non-GAAP Financials Banking Adjusted Recurring Revenue Growth TWELVE MONTHS ENDED DECEMBER 31, 2023 DECEMBER 31, 2022 Banking Recurring Revenue $5,572 $5,353 FX (1) 34 Constant Currency Revenue $5,570 $5,387 TWELVE MONTHS ENDED DECEMBER 31, 2022 DECEMBER 31, 2021 Banking Re
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