IQVIA Holdings, Inc. · NYSE:IQV

IQVIA — Quintiles — Q1 2014 Earnings Presentation

14 slides from IQVIA's earnings presentation, May 1, 2014

  1. Slide 1: First Quarter 2014 Earnings Call

    First Quarter 2014 Earnings Call May 1, 2014 Copyright © 2014 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 2014 Overview

    First Quarter 2014 Overview Solid financial results for the first quarter of 2014 • Over $1.0 billion of service revenues in the quarter • 8.4% constant currency revenue growth in the quarter • 140 basis points of adjusted income from operations margin expansion which includes 110 basis points of f

  4. Slide 4: Financial Highlights and Other Metrics

    Financial Highlights and Other Metrics Three Months Ended March 31 (millions of dollars) 2014 2013 Change Net New Business $ 1,274.0 $ 1,245.0 2.3% Service Revenues $ 1,005.3 $ 927.4 8.4% Adjusted Income from Operations $ 142.3 $ 118.4 20.2% Adjusted Income from Operations Margin 14.2% 12.8% 140 bps

  5. Slide 5: Segment Performance

    Segment Performance Service Revenues and Income from Operations Product Development Integrated Healthcare Services $770.8 $234.5 Three Months Ended Three Months Ended $706.3 $221.1 March 31 March 31 $ Millions $ Millions $160.6 $132.7 $9.0 $6.2 2013 2014 2013 2014 Actual Growth 9.1% 21.1% 6.0% 43.2%

  6. Slide 6: 2014 Guidance

    2014 Guidance Service Revenues range of $4.13 billion to $4.19 billion • 8.4% to 10.0% year over year projected constant currency growth Diluted Adjusted Earnings per share range of $2.45 to $2.58 • 16.7% to 22.9% year over year growth range at forecasted rates Annual Effective Income Tax Rate of ap

  7. Slide 7: Summary

    Summary 1• Good start to 2014  IHS returned to growth with 7.9% constant currency service revenue growth  Product Development continues to execute consistently with good revenue growth, productivity, and net new business 2• Recognitions during the quarter  Best CRO in Asia for third consecutive t

  8. Slide 8: Supplemental Information

    Supplemental Information Constant Currency Reconciliation Contractual Revenue Currency Mix and Foreign Exchange Analysis Income Statement Non-GAAP Reconciliation Adjusted Net Income and EPS Reconciliation Adjusted EBITDA Reconciliation Non-GAAP 2014 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 $ 1,005.3 $ (0.5) $ 1,005.8 8.4% 0.0% 8.4% Income from Oper

  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) USD Sterling Euro Yen Other1 Total 1Q '14 $595.8 $91.8 $188.5 $102.7 $26.5 $1,005.3 % of total 59% 9% 19% 10% 3% 100% 1Q '13 $575.1 $74.9 $159.7 $95.3 $22.4 $927.4 % of total 62% 8% 17%

  11. 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 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) 2014 2013 Net Income Attributable to Quintiles $ 90.2 $ 48.3 Income from Noncontrolling Interests - (0.2) Interest Expense, Net 23.4 35.6 Income Tax Expense 37.4 32.2

  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) 2014 1 2013 1 EPS EPS Net Income Attributable to Quintiles $ 90.2 $ 0.68 $ 48.3 $ 0.41 Restructuring Costs 1.0 0.01 1.9 0.02 Management Fe

  14. 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 to Quintiles $318 - $337 $2.38 - $2.52 Restructuring costs 14 - 12 0.10 - 0.09 1 Tax effect of adjustments (4) - (4) (0.03) - (0.03)

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