IQVIA Holdings, Inc. · NYSE:IQV

IQVIA — Quintiles — Q3 2015 Earnings Presentation

14 slides from IQVIA's earnings presentation, Oct 28, 2015

  1. Slide 1: Third Quarter 2015 Earnings Call

    Third Quarter 2015 Earnings Call October 28, 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: Third Quarter 2015 Overview

    Third Quarter 2015 Overview  $0.94 diluted adjusted earnings per share, representing 44.6% growth • Includes $0.03 due to equity in earnings of unconsolidated affiliates  8.3% constant currency service revenue growth  Net new business wins of $1.16 billion • Product Development book-to-bill of 1.

  4. Slide 4: Financial Highlights and Other Metrics

    Financial Highlights and Other Metrics Three Months Ended September 30 Nine Months Ended September 30 (millions of dollars) 2015 2014 Change 2015 2014 Change Net New Business $ 1,164.0 $ 1,512.0 -23.0% $ 3,832.0 $ 4,014.0 -4.5% Service Revenues $ 1,093.5 $ 1,061.0 3.1% $ 3,197.8 $ 3,101.8 3.1% Adjus

  5. Slide 5: Segment Performance

    Segment Performance Service Revenues and Operating Income Product Development Integrated Healthcare Services 2015 2014 2015 2014 $810.1 800 $771.4 300 Three Months Ended Three Months Ended September 30 $289.6 September 30 $283.4 650 250 $ Millions $ Millions 300 200 $181.4 $158.2 150 50 $24.0 $19.9

  6. Slide 6: Full Year 2015 Updated Guidance

    Full Year 2015 Updated Guidance Updating constant currency service revenue growth to a range of 8.6% - 9.2% • Estimated 500 basis points of unfavorable foreign exchange at actual rates Increasing diluted adjusted earnings per share range to $3.27 - $3.331 • 21.1% to 23.3% year over year growth range

  7. Slide 7: Summary

    Summary 1 Good 2015 first nine months results  22.7% diluted adjusted EPS growth in first nine months  Beginning execution on recent strong bookings in Product Development and $11.75 billion backlog  Sustained strength in Real World Late Phase business  Strong start for Q2 Solutions  Management

  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: 2015 Constant Currency Reconciliation

    2015 Constant Currency Reconciliation Service Revenues and Income from Operations (millions of dollars) Three Months Ended September 30 Year on Year Growth Exchange Exchange Consolidated Actual Impact Constant Actual Impact Constant Service Revenues $ 1,093.5 $ (55.6) $ 1,149.1 3.1% (5.2%) 8.3% Inco

  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 3Q '15 $747.2 $68.5 $145.7 $94.4 $37.7 $1,093.5 % of total 68% 6% 14% 9% 3% 100% 3Q '14 $665.8 $78.6 $169.7 $110.5 $36.4 $1,061.0 % of total 64% 7% 1

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

    Income Statement GAAP – Non-GAAP Reconciliation 2015 2014 Income Net Income Income Net Income Three Months Ended September 30 from Attributable from Attributable (millions of dollars) Operations to Quintiles Operations to Quintiles As Reported $ 167.0 $ 111.3 $ 149.1 $ 92.7 Adjustments Restructuring

  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 September 30 Nine Months Ended September 30 2015 2014 2015 2014 (millions of dollars) Net Income Attributable to Quintiles $ 111.3 $ 92.7 $ 282.6 $ 268.0 Interest Expense, Net 24.3 24.4 72.8 71.7 In

  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 September 30 Nine Months Ended September 30 (millions of dollars) 2015 1 2014 1 2015 1 2014 1 EPS EPS EPS EPS Net Income Attributable to Quintiles $ 111.3 $ 0.89 $ 92.7

  14. Slide 14: Non-GAAP Full Year 2015 Guidance Reconciliation

    Non-GAAP Full Year 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 $ 382 $ 392 $3.02 $3.11 Restructuring Costs 32 28 0.25 0.22 Loss on Extinguishment of Debt 8 8 0.06 0.06 Adjus

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