Total System Services 8K Results of Operations and Financial Condition | TSS 22 Jan 13

2012 Fourth Quarter and Year to Date Results

January 22, 2013

People-Centered Payments

Exhibit 99.2

This presentation and comments made by management contain

forward-looking statements including, among others, statements

regarding the expected future operating results of TSYS. These

statements are based on management’s current expectations and

assumptions and are subject to risks, uncertainties and changes in

circumstances. Forward-looking statements include all statements

that are not historical facts and can be identified by the use of forward-

looking

terminology

such

the

words

“believe,”

“expect,”

“anticipate,”

“intend,”

“plan,”

“estimate”

or similar expressions. Actual results may

differ materially from those set forth in the forward-looking statements

due to a variety of factors. More information about these risks,

uncertainties

and

factors

may

found

TSYS’

2011

Annual

Report

on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports

on Form 8-K. TSYS does not assume any obligation to update any

forward-looking statements as a result of new information, future

developments or otherwise.

Forward-Looking Statements

Use of Non-GAAP Financial Measures

This slide presentation contains certain non-GAAP financial measures

determined by methods other than in accordance with generally

accepted accounting principles. Such non-GAAP financial measures

include the following: revenues before reimbursable items; operating

margin excluding reimbursable items; revenues measured on a

constant currency basis; free cash flow; and EBITDA. The most

comparable GAAP measures to these measures are revenues;

operating margin; revenues; cash flows from operating activities; and

net income, respectively. Management uses these non-GAAP financial

measures

assess

the

performance

TSYS’

core

business.

TSYS

believes that these non-GAAP financial measures provide meaningful

additional information about TSYS to assist investors in evaluating

TSYS’

operating results. These non-GAAP financial measures should

not be considered as a substitute for operating results determined in

accordance with GAAP and may not be comparable to other similarly

titled measures of other companies. The computations of the non-

GAAP financial measures used in this slide presentation are set forth in

the Appendix to this slide presentation.

Phil Tomlinson

Chairman and Chief Executive Officer

People-Centered Payments

Jim Lipham

Chief Financial Officer

People-Centered Payments

Consolidated Selected Financial Highlights

$ 479,100

$ 472,234

1.5%

Total Revenues

$ 1,870,972

$ 1,808,966

3.4%

418,569

407,683

2.7

Revenues Before Reimbursable Items

1,618,491

1,540,698

5.0

89,831

89,718

0.1

Operating Income

357,652

322,456

10.9

60,862

59,874

1.7

Net Income Attributable to TSYS

Common Shareholders

244,280

220,559

10.8

2,668.6

2,347.3

13.7

Total Cardholder Transactions (in millions)

9,776.8

8,645.0

13.1

$0.33

$0.31

3.7

Earnings Per Share

Attributable to TSYS Common

Shareholders

$1.30

$1.15

13.1

YTD

2012

YTD

2011

Percent

Change

(in thousands, except per share data)

4 Qtr

2012

4 Qtr

2011

Percent

Change

2012 YTD Revenue Change

Revenues Before Reimbursable Items

10%

15%

5.1%

Internal

Growth

New

Clients

3.2%

Acquisitions

Lost

Business,

Non-recurring

Items and

Price

Compression

(4.7%)

Reported

5.0%

Currency

(0.4%)

1.8%

Consumer Credit

200.5

195.0

2.8

200.5

195.0

2.8

Retail

25.0

24.6

2.0

25.0

24.1

3.8

Total Consumer

225.5

219.6

2.7

225.5

219.1

2.9

Commercial

37.1

35.2

5.3

37.1

36.3

2.3

Other

12.8

7.9

61.4

12.8

11.1

15.3

Subtotal

275.4

262.7

4.8

275.4

266.4

3.4

Prepaid /

Stored Value

115.9

85.2

36.1

115.9

114.3

1.4

Government

Services

57.0

29.7

92.0

57.0

48.8

16.8

Commercial Card

Single Use

31.1

26.6

17.1

31.1

36.8

(15.4

)

Total AOF

479.4

404.2

18.6

479.4

466.4

2.8

Consolidated Accounts on File Portfolio Summary

(in millions)

Dec

2012

Dec

2011

Change

Dec

2012

Sep

2012

Change

Key Drivers

4Q 2012 Year Over Year Segment Financial Highlights

•

Strong internal growth

•

Increased volumes

•

Pricing concessions

•

Lost business

North America

Services

•

Total accounts on file were 424.8 million, an

increase of 20.9%

•

Excluding prepaid, govt. services and single use,

accounts on file were 222.7 million, an increase

of 5.5%

•

Total cardholder transactions were 2,194.7

million, an increase of 12.7%

Volumes

Revenues

$247.6 million

Increase of 0.6%

Excluding Reimbursables

$213.6 million

Increase of 1.9%

Operating Income

$77.8 million

Increase of 16.9%

Operating Margin

31.4%

Excluding Reimbursables

36.4%

Same Client Transactions

2,154.6 million

Increase of 13.2%

4Q 2012 Year Over Year Segment Financial Highlights

•

Strong internal growth

•

Deconversion fee

•

Lost business

•

Conversion of new clients

•

Dedication of more internal resources,

previously shared between our North America

and International segments

Key Drivers

Volumes

•

Accounts on file were 54.6 million, an increase

of 3.5%

•

Total cardholder transactions were 474.0

million, an increase of 18.6%

International

Services

Revenues

$107.0 million

Increase of 0.4%

Constant currency basis

$107.0 million

Excluding Reimbursables

$102.4 million

Decrease of 0.4%

Operating Income

$6.1 million

Decrease of 49.4%

Operating Margin

5.7%

Excluding Reimbursables

5.9%

Same Client Transactions

441.0

million

Increase of 12.9%

Merchant

Services

•

Upward trends in transaction volumes

•

Strong dollar volume growth in direct acquiring

•

Acquisition of Central Payment

Key Drivers

Volumes

•

Point-of-Sale transactions were 1,153.2 million,

a decrease of 5.2%

•

Excluding deconverted clients, Point-of-Sale

transactions increased 9.9%

4Q 2012 Year Over Year Segment Financial Highlights

Revenues

$129.4 million

Increase of 2.5%

Excluding Reimbursables

$105.9 million

Increase of 5.5%

Operating Income

$30.4 million

Decrease of 7.6%

Operating Margin

23.5%

Excluding Reimbursables

28.8%

Cash Flow Strength:

2012 Consolidated Financial Highlights

(in millions)

$600

$525

$450

$375

$300

$225

$150

$75

$528

$456

$338

$250

$248

EBITDA

Cash flow from operations

Free cash flow

Net income

Ending cash

2013 Guidance

Total Revenues

$1,955

$1,995

Revenues Before Reimbursable Items

1,711

1,746

Income attributable

to TSYS Common Shareholders

266

272

Earnings per Share from attributable

to TSYS Common Shareholder

$1.43

$1.45

10%

12%

(in millions, except per share data)

Range

Percent Change

Range

Change

2013 Guidance Revenue Change

Revenues Before Reimbursable Items

20%

10%

Internal

Growth

New

Clients

3-4%

Acquisitions

Lost

Business,

Non-recurring

Items and

Price

Compression

(5-7%)

Guidance

6-8%

Currency

5-7%

3-4%

Appendix

People-Centered Payments

Appendix Non-GAAP Reconciliation –

Revenues Before Reimbursable Items

Three Months Ended Twelve Months Ended

Total Revenues

$ 472,234

$ 1,870,972

Reimbursable Items

64,551

252,481

268,268

Revenues Before Reimbursable Items

$ 407,683

$ 1,618,491

$ 1,540,698

(in thousands)

12/31/12

12/31/11

12/31/12

$ 1,808,966

$ 479,100

60,531

$ 418,569

Operating Income (a)

Total Revenues (b)

Reimbursable Items

Revenues Before

Reimbursable Items(c)

Operating Margin (a)/(b)

Operating Margin Excluding Reimbursables (a)/(c)

Appendix Non-GAAP Reconciliation –

Segment

Operating Margin Excluding Reimbursable Items

North America

International

Merchant

(in thousands)

Three Months Ended

12/31/12

12/31/11

$ 77,801

247,612

33,973

31.42%

36.42%

$ 66,560

246,190

36,572

27.04%

31.75%

107,000

4,573

102,427

106,560

3,768

102,792

129,413

23,558

105,855

126,224

25,845

100,379

5.66%

5.91%

23.52%

11.66%

26.11%

11.25%

28.75%

32.83%

$ 6,058

209,618

213,639

12/31/12

$ 11,983

12/31/12

$ 30,438

$ 32,958

Twelve

Months Ended

12/31/12 12/31/11

Percentage

Change

Three

Months Ended

12/31/12 12/31/11

Percentage

Change

Appendix Non-GAAP Reconciliation –

Constant Currency

(1) Reflects current period results on a non-GAAP basis as if foreign currency rates did not change from the comparable prior year period.

(2) Reflects the impact of calculated changes in foreign currency rates from the comparable period.

(in thousands)

Consolidated:

Constant Currency (1)

$ 479,027

$ 472,234

1.4%

$1,876,979

$ 1,808,966

3.8%

Foreign Currency (2)

---

(6,007)

---

Total Revenues

$479,100

$472,234

1.5%

$1,870,972

$1, 808,966

3.4%

International Services:

Constant Currency (1)

$ 106,985

$106,560

0.4%

$ 419,993

$ 394,831

6.4%

Foreign Currency (2)

---

(6,526)

---

Total Revenues

$107,000

$106,560

0.4%

$413,467

$394,831

4.7%

Appendix Non-GAAP Reconciliation –

EBITDA

Twelve Months

Ended

12/31/2012

(in thousands)

Net Income

$ 249,922

Adjusted for:

Deduct: Equity in Income of Equity Investments

(10,171)

Add: Income Taxes

115,103

Add: Nonoperating expense

2,798

Add: Depreciation and Amortization

170,610

EBITDA

$ 528,263

Appendix Non-GAAP Reconciliation –

Free Cash Flow

Twelve Months

Ended

12/31/2012

(in thousands)

Cash Flows from Operating Activities

$ 455,753

Less:

Purchase of Property and Equipment

(31,434)

Additions to Licensed Computer Software from Vendors

(33,001)

Additions to Internally Developed Computer Software

(19,285)

Additions to Contract Acquisition Costs

(34,384)

Free Cash Flow

$ 337,649

Total System Services (TSS) Inactive 8-KResults of Operations and Financial Condition