Q3 2021 Earnings Conference Call

October 21, 2021 - 8:30 am ET

Latest Financial Results

$1.2B

Highest ever quarterly revenue of $1.2 billion, up 26%

6th

Sixth consecutive quarter of double-digit revenue growth and EPS growth

46

Delivered 46 new products leveraging EFX Cloud, 85 new products launched through 2Q

For complete information regarding our financials, see our periodic filings

Latest Annual Filing

For Fiscal Year Ending Dec 31, 2020

Our ESG Commitment

Our ESG Commitment

As a global leader in advanced data analytics and technology, we play a vital role in powering the economies of the 24 countries where we operate. Our Environmental, Social, and Corporate Governance (ESG) commitments help ensure that we play a positive role in society, while better positioning our company for long-term sustainability, and supporting our next generation of leaders.

View ESG priorities

Equifax at a Glance

$4.1B

Revenue, an increase of 17.7% from 2019

$6.97

Adjusted EPS*, an increase of 22% from 2019

39.0%

One-year total shareholder return

$189.5M

Dividends paid to shareholders, consistent with 2019 levels

Source

As of Dec. 31, 2020 • Source: 2021 Proxy Statement
For complete information regarding our financials, see our periodic filings.

* Adjusted EPS is a non-GAAP financial measure. Reconciliation of the Company's non-GAAP financial measures to the corresponding GAAP financial measures can be found in Annex A of the Proxy Statement.

View Reconciliation

Equifax Historical Performance Data

Year over year historical financial information for the years 2016 to 2020 and revenue makeup per segment for 2020.

Operating Revenue (in millions)

As of Dec. 31, 2020 • 10-K 2020

Percentage of Revenue Makeup for 2020 Across Segments

As of Dec. 31, 2020 • 10-K 2020

For complete information regarding our financials, see our periodic filings.

(1) The selected financial data above reflects the change in accounting method for recognizing actuarial gains and losses and expected returns on plan assets for our defined benefit pension and postretirement benefit plans. Under the accounting method change, remeasurement of projected benefit obligation and plan assets are immediately recognized in earnings through net periodic benefit cost within Other Income (Expense) on the Consolidated Statements of Income (Loss), This change in accounting was applied retrospectively to all of the prior periods. For additional information, see Note 1 of the Notes to the Consolidated Financial Statements in this report.

(2) During the year ended December 31, 2019, the Company recorded $800.9 million of losses, net of insurance recoveries, associated with certain legal proceedings and government investigations related to the 2017 cybersecurity incident, exclusive of our legal professional services expenses. For additional information, see Note 6 of the Notes to the Consolidated Financial Statements in this report.

(3) During the years ended December 31, 2020, 2019, and 2018, the Company recorded $365.0 million, $337.3 million, and $326.2 million, respectively, of pre-tax expenses, net of cybersecurity insurance recoveries, for costs related to the 2017 cybersecurity incident. Costs related to the 2017 cybersecurity incident are defined as incremental costs to transform our information technology infrastructure and data security; legal fees and professional services costs to investigate the 2017 cybersecurity incident and respond to legal, government, and regulatory claims; as well as costs to provide free credit monitoring product and related support to consumers. For additional information, see Note 6 of the Notes to the Consolidated Financial Statements in this report.

(4) During the fourth quarter of 2020, the first quarter of 2019, and fourth quarter of 2018, we recorded $31.9 million ($24.3 million, net of tax), $11.5 million ($8.8 million, net of tax), and $46.1 million ($35.0 million, net of tax) of restructuring charges, respectively. All restructuring charges were recorded in selling, general, and administrative expenses in our Consolidated Statements of Income (Loss). These restructuring charges primarily relate to a reduction in headcount to support the Company’s strategic objectives and increase the integration of our global operations. For additional information, see Note 11 of the Notes to the Consolidated Financial Statements in Item 8 of this report.

(5) The Tax Cuts and Jobs Act of 2017 (“Tax Act”) significantly revised U.S. tax law. The legislation positively impacted the Company’s ongoing effective tax rate due to the reduction of the U.S. federal corporate tax rate from 35% to 21%. The Tax Act made major changes to the U.S. international tax system. As a result of the Tax Act, the Company recorded adjustments totaling a net tax benefit of $48.3 million in the fourth quarter of 2017 to provisionally account for the estimated impact. Refer to Note 7 of the Notes to the Consolidated Financial Statements in this Form 10-K for additional information. We also prospectively applied the provisions of ASU 2016-09 “Compensation - Stock Compensation (Topic 718),” related to the recognition of windfall tax benefits in the Consolidated Statement of Income which resulted in the recognition of $26.7 million of tax benefits for the year ended December 31, 2017.

(6) In the first quarter of 2016, we completed the acquisition of 100% of the ordinary voting shares of Veda Group Limited (“Veda”) for cash consideration plus debt assumed of approximately $1.9 billion. For the year ended December 31, 2016, we recorded $40.2 million ($28.2 million, net of tax) for Veda acquisition-related amounts.

Company Overview

Company Overview

At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 11,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region.

Investor Contact Information

Company

Equifax Inc.
1550 Peachtree Street N.W.
Atlanta, GA 30309

Investor Relations

investor1@equifax.com

Transfer Agent

American Stock Transfer & Trust Company
6201 15th Avenue
Brooklyn, NY 11219
T: 866-665-2279
info@amstock.com
https://www.amstock.com