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FIS — Apr 17, 2025 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-25-083595
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Showing in the filing
Net EBITDA synergies from Issuer Solutions
“more than $150 million”
Period
No period stated
Measure
Company-defined measure
Source
Prose
All guidance in this release · 13
Net EBITDA synergies
“more than $150 million”
Net EBITDA synergies from Issuer Solutions
“more than $150 million”
Incremental Adjusted Free Cash Flow
“over $500 million”
Incremental Adjusted Free Cash Flow from Iss…
“over $500 million”
Incremental revenue synergies from Issuer So…
“$45 million”
Revenue synergies
“over $125 million”
Revenue synergies from Issuer Solutions (lon…
“over $125 million”
Pro forma gross leverage
“approximately 3.4x”
Target gross leverage
“2.8x”
Issuer Solutions transaction expected close for FY2026
“first half of 2026”
M&A spend for FY2025
“up to $1 billion”
Share repurchases for FY2025
“$1.2 billion”
Dividend policy
“annual dividend per share growth consistent with Adjusted EPS growth”
Exhibit 99.1 · the passage around this item
… earlier in the release
xcess of $125  million annually     •   Acquisition is expected to be accretive to Adjusted EBITDA margins, Adjusted EPS and Adjusted Free Cash Flow in the first 12 months, and unlock net EBITDA synergies of more than $150  million by year three     •   Transaction accelerates monetization of Worldpay stake with sale to Global Payments for $6.6  billion in pre-tax value     •   Sale of Worldpay and acquisition of Issuer Solutions replaces non-cash generating minority interest with growing recurring revenues, EBITDA and free cash flow     •   Company provides preliminary results for the first quarter of 2025, reiterates prior full year 2025 outlook and will host an investor conference call to discuss transactions at 8:30 a.m. (EDT) Jacksonville, FL – Thursday, April  17, 2025 – FIS ® (NYSE: FIS), (the “Company”) a global leader in financial technology, today announced it has entered into a definitive agreement to acquire 100% of Global Payments’ (NYSE: GPN) Issuer Solutions business for an enterprise value of $13.5 billion, or a net purchase price of $12 billion including $1.5 billion of anticipated net present value of tax assets. Concurrently, FIS has entered into a definitive agreement to sell its stake in Worldpay to Global Payments for $6.6 billion in pre-tax value. This transaction accelerates the monetization of the Company’s minority stake in Worldpay. Issuer
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.