FIS Hosts 2024 Investor Day

Outlines Strategy and Provides Medium-Term Outlook

FIS (NYSE: FIS), a global leader in financial technology, will host its Investor Day today at 8:30 a.m. Eastern Time.

Stephanie Ferris, CEO and President, James Kehoe, CFO, and other members of the executive team will discuss the company’s plans to deliver its next phase of sustainable and profitable growth.

FIS yesterday reported first quarter 2024 earnings results and raised its full-year 2024 financial outlook. Today, FIS leadership will provide details on the company's growth strategy, its new medium-term outlook and capital allocation priorities.

“We are unlocking our financial technology across the entire money life cycle to drive accelerating growth,” said FIS CEO and President Stephanie Ferris. “Leveraging our distinct strengths and competitive advantages enables FIS to bring the power of financial technology to the world’s financial services markets.”

Ferris continued, “We are confident in our ability to lead the market and generate sustainable and profitable growth, executing on our strategy to create long-term shareholder value.”

Focused Strategy to Unlock Financial Technology to the World

FIS is uniquely positioned to lead and win in large and growing markets. The company’s multiyear strategy is centered on three pillars:

• Leveraging its strong foundation
• Executing to deliver profitable growth
• Allocating capital with discipline

FIS holds an advantaged position with technology that underpins the world’s financial system. The company’s scale, breath of products and global distribution allow it to fully meet its clients’ needs.

Medium-term Outlook

FIS is announcing financial growth targets for the years 2025 and 2026, including¹:

• Adjusted revenue growth of 4.5-5.5% annually
• Adjusted EBITDA margin expansion of 40-60 basis points annually
• Adjusted earnings per share (EPS) growth of 9-12% annually
• Total return of 11-14% annually*

*Inclusive of ~2% Dividend Yield

¹The company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. The company is unable to address the probable significance of the unavailable information.

Capital Allocation Priorities: Increased 2024 Share Repurchase Target by $500 Million to $4 Billion

Yesterday, FIS increased its goal to repurchase at least $4.0 billion of shares by year-end 2024, up from its previous goal of $3.5 billion. The company expects to return approximately $4.8 billion to shareholders in 2024, across share repurchases and dividends. In 2025 and 2026, the company anticipates share repurchases of $0.8 billion to $1.2 billion annually, with total returns of $1.7 billion to $2.1 billion.