TransUnion Fiscal Year 2021 Fourth Quarter Earnings Conference Call Chris Cartwright, CEO; Todd Cello, CFO Webcast Form 10-K Earnings Report Agreement to Acquire Verisk Financial Services Presentation Supplemental Financials (ex. Our board of directors and executive management team use Adjusted Revenue and Adjusted EBITDA as compensation measures. In conjunction with this release, TransUnion will host a conference call and webcast today at 8:30 a.m. Central Time to discuss the business results for the quarter and certain forward-looking information. All rights reserved. Forward-looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. Real-time Estimate Cboe BZX This adjustment represents certain non-cash adjustments related to acquired entities, predominantly adjustments to increase revenue resulting from purchase accounting reductions to deferred revenue we record on the opening balance sheets of acquired entities. Our database contains more than 200 million files profiling nearly every credit-active consumer in the U.S. E-mail:Investor.Relations@transunion.com, Consolidated Statements of Income (Unaudited). See More Ecosystem Guides. Adjusted Net Income was $156 million for the quarter, compared with$146 million for the third quarter of 2019. Evercore served as lead financial advisor to Golden Gate Capital and GIC. As digital commerce continues to grow globally, were confident that TransUnions powerful digital identity assets, augmented by Neustars distinctive talent, data, digital resolution capabilities, and products and services will extend trust among consumers and businesses and enhance our position as a global information and insights company., This is an exciting milestone for Neustar, commented Charlie Gottdiener, President and CEO, Neustar. GAAP Outlook: For the first quarter of 2021, revenue is expected to be between $698 million and $707 million, an increase of 2 to 3 percent compared with 2020. Consisted of amortization of intangible assets from our 2012 change in control transaction and amortization of intangible assets established in business acquisitions after our 2012 change in control transaction. These statements often include words such as anticipate, expect, guidance, suggest, plan, believe, intend, estimate, target, project, should, could, would, may, will, forecast, outlook, potential, continues, seeks, predicts, or the negative of these words and other similar expressions. Adjusted Net Income was $577 million, compared with $536 million in 2019. Represents expenses associated with our accelerated technology investment. Consolidated Adjusted EBITDA margin is calculated using consolidated Adjusted Revenue and consolidated Adjusted EBITDA. The table above provides a reconciliation for revenue to Adjusted Revenue. Other companies in our industry may define or calculate these measures differently than we do, limiting their usefulness as comparative measures. This earnings release presents constant currency growth rates assuming foreign currency exchange rates are consistent between years. Business combination accounting rules require us to record deferred revenue of acquired entities at fair value if we are obligated to perform any future services under these contracts. The WARN notice requires companies laying off more than 100 employees with six months of service to publicly list layoffs. These statements are based on the current beliefs and expectations of TransUnions management and are subject to significant risks and uncertainties. Customer Support | TransUnion Get Credit Monitoring CONTACT TRANSUNION CUSTOMER SUPPORT SO YOU CAN: Contact Us Find out how to contact TransUnion online, by phone and by mail. Segment Adjusted EBITDA margins are calculated using segment gross Adjusted Revenue and segment Adjusted EBITDA. TransUnion. India revenue was $28 million, a decrease of 2 percent (an increase of 2 percent on a constant currency basis) compared with the fourth quarter of 2019. Golden Gate Capital is a San Francisco-based private equity investment firm with over $19 billion in cumulative committed capital. We present Adjusted Revenue as a supplemental measure of revenue because we believe it provides a basis to compare revenue between periods. Disputes Disputes are an important tool to take control of your credit health. Accordingly, the Company encourages investors, the media and others interested in TransUnion to review the information that it shares onwww.transunion.com/tru. TransUnion achieved third quarter 2020 results in line with its Upside Case as provided in its scenario-based outlook. If youve Continuously monitor your risk, improve decisions, take action and increase profitability. This guidance is based on a number of assumptions that are subject to change, many of which are outside of the control of the Company. In order to complete your dispute, provide as much of the following information as possible: Your name*. President, Chief Executive Officer & Director, Chief Financial Officer & Executive Vice President, Chief Information & Technology Officer, EVP. We continue to closely monitor the situation in all our markets. CHICAGO, Oct. 27, 2020 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) (the Company) today announced financial results for the quarter ended September30, 2020. Adjusted EBITDA was $57 million, a decrease of 11 percent (8 percent on a constant currency basis) compared with the third quarter of 2019. Our board of directors and executive management team use Adjusted Revenue and Adjusted EBITDA as compensation measures. Adjusted EBITDA margin was 38.8 percent, compared with 40.7 percent for the third quarter of 2019. For the three months ended September 30, 2020, consisted of the following adjustments: $4.2 million for certain legal expenses; $0.4 million of loan fees; a $(0.8) million gain from currency remeasurement of our foreign operations; a $(0.9) million recovery from the Fraud Incident (as defined in our Annual Report on Form 10-K for the year ended December 31, 2019), net of additional administration expenses; and $(0.3) million other. Adjusted EBITDA for the year was $1.045 billion, a decrease of 1 percent compared with 2019 (1 percent on a constant currency basis, flat on an organic constant currency basis). For the nine months ended September 30, 2020, cash provided by continuing operations was $558 million compared with $588 million in 2019. SimpliSafe Inc. opened its 90,000-square-foot Taunton warehouse in the fall of 2020. The Adjusted EBITDA growth rates include approximately 1 percent of headwind from foreign exchange rates. United Kingdom revenue was $51 million, an increase of 1 percent (a decrease of 1 percent on a constant currency basis). We present Adjusted EBITDA and Adjusted Net Income as supplemental measures of our operating performance because these measures eliminate the impact of certain items that we do not consider indicative of our cash operations and ongoing operating performance. Many of these factors are beyond our control. Organic CC growth rate is the CC growth rate less inorganic growth rate. Actual results may differ materially from those described in the forward-looking statements. As a result of displaying amounts in millions, rounding differences may exist in the table above. The extent to which COVID-19 impacts our business and results of operations continues to be inherently uncertain and will depend on numerous evolving factors that we may not be able to accurately predict. We present Adjusted Revenue as a supplemental measure of revenue because we believe it provides a basis to compare revenue between periods. Delivered another quarter of revenue growth with an attractive margin, and benefited from marketplace success as well as continued economic recovery in most markets. We define Adjusted Diluted Earnings per Share as Adjusted Net Income divided by the weighted-average diluted shares outstanding. Reconciliation of net income attributable to TransUnion to consolidated Adjusted EBITDA: Net income from continuing operations attributable to TransUnion, Mergers and acquisitions, divestitures and business optimization, Net income attributable to TransUnion as a percentage of revenue. Effective Tax Rate and Adjusted Effective Tax Rate (Unaudited), Segment Depreciation and Amortization (Unaudited), Reconciliation of Non-GAAP Guidance (Unaudited), Senior Director of Public Relations, U.S. & International, TransUnion Announces Fourth Quarter 2020 Results, Audience Segmentation for Digital Marketing, Do not sell my personal information - CA residents only, TransUnion Announces Earnings Release Date for Fourth Quarter 2022 Results, TransUnion Insurance Trends and 2023 Outlook Report Points to More Online Life Insurance Shopping, TransUnion Completes Sale of G2, LCI and Fintellix to Stellex Capital Management for $176 million, TransUnion Named a Leader in Identity Verification Solutions by Independent Research Firm, More Pronounced Changes Expected in Consumer Credit Market in 2023 Even as More Than Half of Americans Remain Optimistic About Their Financial Future, Study Finds 66% of Delinquent Child Support Payments Remain in Arrears 12 Months Later, Trade accounts receivable, net of allowance of $26.6 and $19.0, Property, plant and equipment, net of accumulated depreciation and amortization of $548.9 and $454.4, Other intangibles, net of accumulated amortization of $1,752.2 and $1,482.1, Short-term debt and current portion of long-term debt, Common stock, $0.01 par value; 1.0 billion shares authorized at December 31, 2020 and December 31, 2019; 195.7 million and 193.5million shares issued as of December 31, 2020 and December 31, 2019, respectively; and 190.5 million and 188.7million shares outstanding as of December 31, 2020 and December 31, 2019, respectively, Treasury stock at cost; 5.2 and 4.8million shares at December 31, 2020 and December 31, 2019, respectively, Cost of services (exclusive of depreciation and amortization below), Income from continuing operations attributable to TransUnion, Add: loss from discontinued operations, net of tax. Total revenue for the year was $2.717 billion, an increase of 2 percent compared with 2019 (3 percent on a constant currency basis, 3 percent on an organic constant currency basis). Healthcare) Nov 18 TransUnion Presentation at J.P. Morgan Ultimate Services Investor Conference Chris Cartwright, CEO; 2020 will be a good year for consumer credit, TransUnion's researchers predict. Better predict cash flow, maximize reimbursements & deliver a more efficient, stress-free patient experience. Adjusted EBITDA was $65 million, a decrease of 6 percent (4 percent on a constant currency basis) compared with the fourth quarter of 2019. The above definitions apply to our calculations for the periods shown on Schedules 1 through 6. Despite the ongoing challenges posed by the global pandemic, TransUnion delivered another quarter of revenue growth while also continuing to make significant investments to fuel our long-term growth, said Chris Cartwright, President and CEO of TransUnion. TRANSUNION AND SUBSIDIARIESConsolidated Balance Sheets (Unaudited)(in millions, except per share data), TRANSUNION AND SUBSIDIARIESConsolidated Statements of Income (Unaudited)(in millions, except per share data). Actual results may differ materially from those described in the forward-looking statements. Diluted earnings per share was $1.79 for the year, compared with $1.81 in 2019. Cash used in investing activities was $267 million compared with $204 million in 2019. Adjusted EBITDA is also a measure frequently used by securities analysts, investors and other interested parties in their evaluation of the operating performance of companies similar to ours. Adjusted EBITDA was $61 million, a decrease of 2 percent compared with the fourth quarter of 2019. Fourth Quarter and Full Year 2020 Outlook. In addition, our board of directors and executive management team use Adjusted Revenue as a compensation measure under our incentive compensation plans. The Adjusted EBITDA growth rates include approximately 0.5 percent of benefit from foreign exchange rates. Latin America revenue was $23 million, a decrease of 12 percent (1 percent on a constant currency basis) compared with the fourth quarter of 2019. In conjunction with this release, TransUnion will host a conference call and webcast today at 8:30 a.m. Central Time to discuss the business results for the quarter and certain forward-looking information. For the three months ended December 31, 2020, consisted of the following adjustments: a $(1.9) million gain from currency remeasurement of our foreign operations; a $(0.4) million recovery from the Fraud Incident (as defined in our Annual Report on Form 10-K for the year ended December 31, 2019), net of additional administrative expenses; and $0.9 million of deferred loan fees written off as a result of the prepayments on our debt.For the twelve months ended December 31, 2020, consisted of the following adjustments: $34.7 million for certain legal expenses; $0.9 million of deferred loan fees written off as a result of the prepayments on our debt; $0.2 million loss from currency remeasurement of our foreign operations; $0.2 million of fees related to our new swap agreements; a $(1.5) million recovery from the Fraud Incident, net of additional administrative expense; and $(0.4) million reimbursement of fees associated with the refinancing of our Senior Secured Credit Facility.For the three months ended December 31, 2019, consisted of the following adjustments: $13.0 million of fees related to the refinancing of our Senior Secured Credit Facility; $1.2 million of administrative expenses associated with the Fraud Incident offset by the $(0.3) million portion that is attributable to the non-controlling interest; $0.5 million of deferred loan fees written off as a result of the prepayments on our debt; a $(1.7) million gain from currency remeasurement; and a $(0.7) million reduction to expense for certain legal and regulatory matters.For the twelve months ended December 31, 2019, consisted of the following adjustments: $20.8 million of expenses (including $3.0 million of administrative expenses) associated with the Fraud Incident offset by the $(7.3) million portion that is attributable to the non-controlling interest; $13.0 million of fees related to the refinancing of our Senior Secured Credit Facility; $2.0 million of deferred loan fees written off as a result of the prepayments on our debt; a $0.1 million loss from currency remeasurement; and a $(0.7) million reduction to expense for certain legal and regulatory matters. TransUnion is a global information and insights company that makes trust possible in the modern economy. Any statements made in this earnings release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements. Net income attributable to TransUnion is expected to be between $372 million and $402 million, an increase of 8 to 17 percent. As a result of displaying amounts in millions, rounding differences may exist in the table above and footnotes below. Many of these factors are beyond our control. Net income attributable to TransUnion was $103 million for the quarter, compared with $92 million for the third quarter of 2019. In addition to new filings, the year saw several key decisions handed down by federal courts, shedd Under the credit agreement governing our Senior Secured Credit Facility, our ability to engage in activities such as incurring additional indebtedness, making investments and paying dividends is tied to a ratio based on Adjusted EBITDA. This earnings release also presents organic constant currency growth rates, which assumes consistent foreign currency exchange rates between years and also eliminates the impact of our recent acquisitions. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements. Interest, taxes and depreciation and amortization, Stock-based compensation, mergers, acquisitions divestitures and business optimization-related expenses and other adjustments, Adjustments to diluted earnings per share. Segment Adjusted EBITDA margins are calculated using segment gross Adjusted Revenue and segment Adjusted EBITDA. For the three months ended September 30, 2020, consisted of the following adjustments: $1.5 million of acquisition expenses. Boston home security company SimpliSafe is shutting down its Taunton warehouse and laying off its 58 employees. TransUnion is a global information and insights company that makes trust possible in the modern economy. U.S. Markets revenue was $438 million, an increase of 4 percent (4 percent on an organic basis) compared with the third quarter of 2019. This earnings release presents constant currency growth rates assuming foreign currency exchange rates are consistent between years. We do this by providing a comprehensive picture of each person so they can be reliably and safely represented in the marketplace. Adjusted Diluted Earnings per Share is expected to be between $0.78 and $0.81, an increase of 6 to 10 percent. There can be no assurance that the Company will achieve the results expressed by this guidance. Adjusted Net Income was $153 million for the quarter, compared with$144 million for the fourth quarter of 2019. Diluted earnings per share is expected to be between $1.67 and $1.73, a decrease of 4 to 8 percent. Our database contains more than 200 million files profiling nearly every credit-active consumer in the U.S. Diluted earnings per share is expected to be between $0.41 and $0.47, a decrease of 5 percent to an increase of 10 percent. Read more about tech layoffs, here. This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. U.S. Markets revenue was $431 million, an increase of 4 percent (3 percent on an organic basis) compared with the fourth quarter of 2019. As a result of displaying amounts in millions, rounding differences may exist in the tables above and footnotes below. TransUnion Market Cap $12B Today's Change (-2.54%) -$1.57 Current Price $60.16 Price as of November 28, 2022, 4:00 p.m. This earnings release also presents Adjusted Revenue, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Effective Tax Rate, Adjusted Net Income (Loss) and Adjusted Diluted Earnings per Share for all periods presented. Continuously monitor your risk, improve decisions, take action and increase profitability. Senior Director of Public Relations, U.S. & International, TransUnion and Neustar Announce Transaction Close, Audience Segmentation for Digital Marketing, Neustars security business, Neustar Security Services, is excluded from the transaction, and now operates as a standalone portfolio company of, Do not sell my personal information - CA residents only, TransUnion Announces Earnings Release Date for Fourth Quarter 2022 Results, TransUnion Insurance Trends and 2023 Outlook Report Points to More Online Life Insurance Shopping, TransUnion Completes Sale of G2, LCI and Fintellix to Stellex Capital Management for $176 million, TransUnion Named a Leader in Identity Verification Solutions by Independent Research Firm, More Pronounced Changes Expected in Consumer Credit Market in 2023 Even as More Than Half of Americans Remain Optimistic About Their Financial Future, Study Finds 66% of Delinquent Child Support Payments Remain in Arrears 12 Months Later. 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