IQVIA Holdings, Inc. · NYSE:IQV

IQVIA — Quintiles — Q1 2015 Earnings Presentation

14 slides from IQVIA's earnings presentation, Apr 29, 2015

  1. Slide 1: First Quarter 2015 Earnings Call

    First Quarter 2015 Earnings Call April 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: First Quarter 2015 Overview

    First Quarter 2015 Overview  10.5% net new business growth at constant currency  8.4% constant currency service revenue growth  $0.72 diluted adjusted earnings per share  $300 million expansion of existing equity repurchase program Three Months Ended March 31, 2015 Net New Business Book-to-Bill

  4. Slide 4: Financial Highlights and Other Metrics

    Financial Highlights and Other Metrics Three Months Ended March 31 (millions of dollars) 2015 2014 Change Net New Business $ 1,346.0 $ 1,274.0 5.6% Service Revenues $ 1,030.0 $ 1,005.3 2.5% Adjusted Income from Operations $ 148.5 $ 142.3 4.4% Adjusted Income from Operations Margin 14.4% 14.2% 20 bps

  5. Slide 5: Segment Performance

    Segment Performance Service Revenues and Income from Operations Product Development Integrated Healthcare Services 2015 2014 2015 2014 800 $749.5 $770.8 300 $280.5 Three Months Ended Three Months Ended 650 250 $234.5 March 31 $ Millions March 31 $ Millions 300 200 $157.0 $160.6 50 $18.1 150 $9.0 0 0

  6. Slide 6: 2015 Updated Guidance

    2015 Updated Guidance Updated Constant Currency Service Revenue growth range of 7.0% to 8.0% • Product Development revenue ramp slower than expected for first half of 2015 • Estimated 520 basis points of unfavorable foreign exchange at actual rates 1 Diluted Adjusted Earnings per share range of $3.0

  7. Slide 7: Summary

    Summary 1 Good start to 2015 Market remains strong Strong bookings with favorable mix in Product Development in the first quarter Continued strength in Real World Late Phase business Announcement of Quintiles and Quest Global Clinical Laboratory Services Joint Venture $300 million expansion of

  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 Service Revenues and Income from Operations

    Constant Currency Reconciliation Service Revenues and Income from Operations (millions of dollars) Three Months Ended March 31 Year on Year Growth Exchange Exchange Consolidated Actual Impact Constant Actual Impact Constant Service Revenues $ 1,030.0 $ (59.0) $ 1,089.0 2.5% (5.9%) 8.4% Income from O

  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 1Q '15 $678.0 $68.8 $145.5 $99.9 $37.8 $1,030.0 % of total 66% 7% 14% 10% 3% 100% 1Q '14 $595.8 $91.8 $188.5 $102.7 $26.5 $1,005.3 % of total 59% 9%

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

    Income Statement GAAP – Non-GAAP Reconciliation 2015 2014 Selling, Income Net Income Selling, Income Net Income Three Months Ended March 31 General and from Attributable General and from Attributable (millions of dollars) Administrative Operations to Quintiles Administrative Operations to Quintiles

  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 March 31 (millions of dollars) 2015 2014 Net Income Attributable to Quintiles $ 86.4 $ 90.2 Interest Expense, Net 24.5 23.4 Income Tax Expense 36.1 37.4 Depreciation and Amortization 30.3 29.1 Restr

  13. 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 March 31 (millions of dollars) 2015 1 2014 1 EPS EPS Net Income Attributable to Quintiles $ 86.4 $ 0.68 $ 90.2 $ 0.68 Restructuring Costs 5.3 0.04 1.0 0.01 Adjustment to

  14. Slide 14: 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 $370 $388 $2.89 $3.03 Restructuring costs 23 18 0.18 0.14 Adjustment to estimated contingent consideration 1 1 0.01 0.01

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