Total System Services 8K Results of Operations and Financial Condition | TSS 27 Oct 15

2015 Third Quarter and YTD Results

October 27, 2015

Exhibit 99.2

2015 Third Quarter and YTD Results

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

as the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “potential,” “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 be found in TSYS’ filings with the Securities and

Exchange Commission, including its 2014 Annual Report on Form 10-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

2015 Third Quarter and YTD Results

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; EBITDA, adjusted EBITDA, adjusted earnings per share,

adjusted segment operating income and adjusted segment operating margin. The most

comparable GAAP measures to these measures are revenues; operating margin;

revenues; cash flows from operating activities; net income; net income; earnings per share,

operating income and operating margin, respectively. Management uses these non-GAAP

financial measures to assess the performance of 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.

> USE OF NON-GAAP FINANCIAL MEASURES

Troy Woods

Chairman, President & Chief Executive Officer

Paul Todd

Chief Financial Officer

2015 Third Quarter and YTD Results

(*) Adjusted EBITDA , Adjusted EBITDA margin and Adjusted EPS definitions are contained in Appendix

> CONSOLIDATED SELECTED FINANCIAL HIGHLIGHTS

$707,890

$616,891

14.8

Total Revenues

$2,062,698

$1,811,774

13.8%

636,386

552,860

15.1

Revenues

Before Reimbursable Items

1,854,254

1,623,678

14.2

238,898

198,040

20.6

Adjusted EBITDA*

638,889

518,529

23.2

$0.78

$0.56

40.2

Adjusted EPS* from Continuing

Operations

$1.89

$1.38

36.8

(in thousands, except per share data)

Qtr

2015

Qtr

2014

Percent

Change

YTD

2015

YTD

2014

Percent

Change

2015 Third Quarter and YTD Results

Double digit revenue growth

Strong cross segment delivery of performance

Record volume gains

Expanding consolidated margins

45%

13%

20%

22%

Revenue by Segment*

North America

International

Merchant

NetSpend

$145.2

$113.9

$134.2

$159.8

$154.7

$154.5

$165.5

$197.3

27.6%

21.4%

24.9%

28.9%

27.2%

25.9%

26.6%

31.0%

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

($ in millions)

(*) Revenues Before Reimbursable Items

$525.3

$532.8

$538.1

$552.9

$569.3

$595.8

$622.1

$636.4

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

Consolidated

Revenue*

YOY Growth %

($ in millions)

37.3%

31.6%

Adjusted Operating Income

Operating Margin*

34.2%

8.5%

8.4%

11.8%

> 3Q 2015 CONSOLIDATED HIGHLIGHTS

15.6%

15.1%

2015 Third Quarter and YTD Results

Revenue

—

5th straight quarter record-setting results

Operating income

—

4th straight quarter record-setting results

Transactions increased to 4.2B

—

5th straight quarter record-setting volume

AOF at 685.5M; Traditional AOF up 36.9%

481.9

495.5

510.3

541.4

550.0

653.2

677.5

685.5

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

Accounts on File

YOY Growth

(in millions)

16.5%

13.4%

17.2%

17.1%

18.5%

19.1%

17.4%

18.1%

14.1%

16.6%

31.8%

49.4%

$87.1

$74.6

$84.6

$92.7

$99.6

$102.6

$108.4

$113.9

39.0%

33.2%

36.3%

38.5%

39.0%

38.5%

37.7%

38.8%

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

($ in millions)

(*) Revenues Before Reimbursable Items

$223.3

$224.4

$233.2

$241.0

$255.5

$266.2

$287.2

$293.6

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

Segment

Revenue*

YOY Growth %

($ in millions)

4.5%

Adjusted Segment Operating Income

Operating Margin*

9.1%

8.7%

10.9%

14.5%

18.7%

> 3Q 2015 NORTH AMERICA SEGMENT HIGHLIGHTS

(

) Growth Excluding Prepaid, Government Services and Single Use Accounts

32.8%

46.3%

23.1%

21.8%

26.6%

36.9%

59.1

60.7

62.5

64.1

66.6

70.5

73.9

74.9

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

Accounts on File

YOY Growth

(in millions)

8.5%

8.9%

7.5%

8.1%

12.7%

16.1%

2015 Third Quarter and YTD Results

Solid constant currency revenue growth trend

AOF increased 16.9%

Transactions increased 9.0%

Strong operating margin growth

Adjusted Segment Operating Income

Operating Margin*

$90.6

$76.8

$84.7

$87.4

$92.9

$73.7

$83.9

$86.4

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

Segment

Revenue*

YOY Growth %

$18.0

$4.6

$11.7

$16.0

$22.8

$7.0

$13.4

$18.4

19.9%

5.9%

13.9%

18.3%

24.6%

9.5%

15.9%

21.3%

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

($ in millions)

Reported

Constant

Currency

(*) Revenues Before Reimbursable Items

($ in millions)

9.0%

8.6%

0.5%

(4.6%)

10.6%

1.8%

12.2%

4.4%

2.5%

5.7%

(4.0%)

5.1%

> 3Q 2015 INTERNATIONAL SEGMENT HIGHLIGHTS

18.5%

(1.0%)

9.4%

(1.1%)

7.9%

16.9%

$62

$59

$62

$65

$64

$67

$71

$74

$48

$45

$46

$50

$44

$43

$46

$50

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

Segment Revenue by LOB

YOY Growth %

22%

(12%)

($ in millions)

(14%)

(10%)

(2%)

(9%)

(4%)

13%

16%

(0%)

14%

(1%)

Direct

Indirect

2015 Third Quarter and YTD Results

Revenue up 7.6%

Revenue mix: 60% Direct; 40% Indirect

SBS Sales Volume at $6.4B, up 9% YOY

POS transactions increased 11.1%, excluding

deconverted accounts

$110.4

$104.6

$108.3

$115.0

$107.7

$110.4

$117.9

$123.7

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

Segment

Revenue*

YOY Growth %

(*) Revenues Before Reimbursable Items

($ in millions)

4.3%

$36.0

$30.2

$32.9

$40.4

$31.4

$34.1

$40.7

$42.4

32.6%

28.8%

30.4%

35.1%

29.2%

30.9%

34.5%

34.3%

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

Adjusted Segment Operating Income

Operating Margin*

($ in millions)

(4.3%)

(4.1%)

1.2%

(2.4%)

5.5%

> 3Q 2015 MERCHANT SEGMENT HIGHLIGHTS

8.8%

7.6%

2015 Third Quarter and YTD Results

$4.0

$6.6

$4.6

$4.4

$4.7

$7.7

$5.5

$5.4

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

21.5%

22.1%

17.2%

16.6%

18.2%

16.7%

($ in billions)

Gross Dollar Volume

YOY Growth %

$104.1

$132.6

$116.8

$114.0

$119.2

$155.1

$141.6

$139.6

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

16.1%

13.1%

11.4%

10.0%

14.4%

16.9%

21.2%

22.4%

Adjusted Segment Operating Income

Operating Margin

Segment Revenue

YOY Growth %

($ in millions)

$31.7

$28.7

$30.7

$36.1

$32.7

$35.5

$36.4

$37.3

30.5%

21.7%

26.3%

31.7%

27.5%

22.9%

25.7%

26.7%

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

> 3Q 2015 NETSPEND SEGMENT HIGHLIGHTS

19.5%

22.3%

Gross Dollar Volume (GDV) up 22.3%

Total active cards at 3.6M, up 18.1%

Direct deposit active cards at 1.8M, up 18.1%

Signed 3-year distribution agreement with Rite Aid

Extended

distribution

relationship

with

InComm

for

5 years

2015 Third Quarter and YTD Results

> SEGMENT OPERATING MARGIN AND CONSOLIDATED

ADJUSTED OPERATING MARGIN

Revenues before

Reimbursable

Items

Adjusted

Operating Margin

Adjusted

Segment

Operating Income

North America

$113,946

$293,571

38.81%

International

18,370

86,466

21.25%

Merchant

42,387

123,721

34.26%

NetSpend

37,315

139,648

26.72%

Eliminations

(7,000)

Corporate administration excluding stock comp

(14,736)

Adjusted

operating margin

$197,282

$636,386

31.00%

Amortization of acquisition intangibles

(22,883)

Share-based compensation

(11,295)

Operating

income (US GAAP)

$163,104

(in thousands)

Three Months Ended September 30, 2015

2015 Third Quarter and YTD Results

> SEGMENT OPERATING MARGIN AND CONSOLIDATED

ADJUSTED OPERATING MARGIN

Revenues before

Reimbursable

Items

Adjusted

Operating Margin

Adjusted

Segment

Operating Income

North America

$324,902

$846,989

38.36%

International

38,706

244,033

15.86%

Merchant

117,192

351,987

33.29%

NetSpend

109,224

436,343

25.03%

Eliminations

(25,098)

Corporate administration excluding stock comp

(72,753)

Adjusted

operating margin

$517,271

$1,854,254

27.90%

Amortization of acquisition intangibles

(69,601)

Stock-based compensation

(31,468)

Operating

income (US GAAP)

$416,202

(in thousands)

Nine Months Ended September 30, 2015

2015 Third Quarter and YTD Results

> ROLLFORWARD OF QUARTERLY CASH BALANCE

$200

$500

$100

$300

Operating

Activities

$175

Cap Ex

($40)

Debt Pmts

($16)

Dividends

($18)

Ending

Balance

$448

(in millions)

6/30/2015

9/30/2015

$400

Beginning

Balance

$349

Other

($2)

$600

2015 Third Quarter and YTD Results

> CASH FLOW STRENGTH: 2015 TTM Consolidated

Financial Highlights

(in millions)

$833

$631

$426

$366

$448

$75

$150

$225

$300

$375

$450

$525

$600

$675

$750

$825

$900

Adjusted EBITDA

Cash flow from operations

Free cash flow

Net income

Ending cash

(TTM = Trailing Twelve Months)

2015 Third Quarter and YTD Results

Range

Percent Change

$2,728

$2,746

11%

12%

Reimbursable Items

$2,463

$2,473

12%

13%

$2.43

$2.47

24%

26%

184

(in millions, except per share data)

(*) See Appendix for guidance assumptions

> 2015 REVISED GUIDANCE*

Q&A

Appendix

2015 Third Quarter and YTD Results

Adjusted EBITDA is net income excluding equity in income of equity investments, nonoperating income/(expense), taxes, depreciation,

amortization and stock-based compensation expenses and NetSpend merger & acquisition expenses.

Adjusted EPS is adjusted earnings divided by weighted average shares outstanding used for basic EPS calculations. Adjusted earnings is

net income excluding the after-tax impact of stock-based compensation expenses, amortization of acquisition intangibles, and NetSpend

merger & acquisition expenses.

Adjusted segment operating income is operating income at the segment level adjusted for amortization of acquisition intangibles.

Adjusted segment operating margin is adjusted segment operating income divided by segment revenues before reimbursable items.

The Company believes that these non-GAAP financial measures it presents are useful to investors in evaluating the Company’s operating

performance for the following reasons:

–

adjusted EBITDA and adjusted EPS are widely used by investors to measure a company’s operating performance without regard to items,

such as interest expense, income tax expense, depreciation and amortization, merger and acquisition expenses and employee stock-based

compensation

expense

that

can

vary

substantially

from

company

depending

upon

their

respective

financing

structures

and accounting policies, the book values of their assets, their capital structures and the methods by which their assets were acquired; and

–

securities analysts use adjusted EBITDA and adjusted EPS as supplemental measures to evaluate the overall operating performance of

companies.

By comparing the Company’s adjusted EBITDA and adjusted EPS in different historical periods, investors can evaluate the Company’s

operating results without the additional variations caused by employee stock-based compensation expense, which may not be comparable

from period to period due to changes in the fair market value of the Company’s common stock (which is influenced by external factors like

the volatility of public markets and the financial performance of the Company’s peers) and is not a key measure of the Company’s

operations.

The Company’s management uses the non-GAAP financial measures:

–

as measures of operating performance, because they exclude the impact of items not directly resulting from the Company’s core operations;

–

for planning purposes, including the preparation of the Company’s annual operating budget;

–

to allocate resources to enhance the financial performance of the Company’s business;

–

to evaluate the effectiveness of the Company’s business strategies; and

–

in communications with the Company’s board of directors concerning the Company’s financial performance.

> APPENDIX: Non-GAAP Items –

Adjusted EBITDA

and Adjusted EPS

2015 Third Quarter and YTD Results

Consumer Credit

373.6

263.9

41.5

373.6

374.1

(0.1

Retail

25.4

28.4

(10.3

)

25.4

26.4

(3.5

Total Consumer

399.0

292.3

36.5

399.0

400.5

(0.4

Commercial

44.1

41.5

6.0

44.1

44.0

0.3

Other

24.8

21.2

17.4

24.8

24.0

3.2

Subtotal

467.9

355.0

31.8

467.9

468.5

(0.1

Prepaid*/

Stored Value

133.8

125.1

6.9

133.8

133.1

0.4

Government

Services

78.7

66.7

18.0

78.7

77.1

2.1

Commercial Card

Single

Use

80.0

58.7

36.3

80.0

72.7

10.1

Total AOF

760.4

605.5

25.6

760.4

751.4

1.2

(in millions)

Sep

2015

Sep

2015

Sep

2014

Sep

2014

Change

Sep

2015

Sep

2015

Jun

2015

Jun

2015

Change

(* -

Prepaid does not include NetSpend accounts)

> APPENDIX: Accounts on File Portfolio Summary

2015 Third Quarter and YTD Results

> APPENDIX: Non-GAAP Reconciliation –

Revenues Before

Reimbursable Items

Three Months Ended Nine Months Ended

9/30/15 9/30/14

Revenues

$707,890

$616,891

$2,062,698

$1,811,774

Items

71,504

64,031

208,444

188,096

Before Reimbursable Items

$636,386

$552,860

$1,854,254

$1,623,678

(in thousands)

2015 Third Quarter and YTD Results

> APPENDIX: Non-GAAP Reconciliation –

Adjusted Segment

Operating Income and Operating Margin

Three

Months Ended Nine Months Ended

9/30/15 9/30/14 9/30/15 9/30/14

Operating income

$163,104

$129,407

$416,202

$308,867

Add:

Acquisition

intangible amort

22,883

24,210

69,601

72,805

Add: Corporate admin and other

26,031

31,627

104,221

101,510

Total segment

adjusted operating income

$212,018

$185,244

$590,024

$483,182

By segment: North America services (a)

$113,946

$92,736

$324,902

$251,892

International services (b)

$18,370

$15,976

$38,706

$32,274

Merchant services (c)

$42,387

$40,409

$117,192

$103,473

NetSpend (d)

$37,315

$36,123

$109,224

$95,543

Total revenues

$707,890

$616,891

$2,062,698

$1,811,774

Reimbursable items

(71,504)

(64,031)

(208,444)

(188,096)

Total segment

revenues

before reimbursable items

$636,386

$552,860

$1,854,254

$1,623,678

Intersegment

revenues

7,000

4,542

25,098

15,248

By segment: North America services (e)

$293,571

$240,957

$846,989

$698,543

International services (f)

$86,446

$87,385

$244,033

$248,890

Merchant services (g)

$123,721

$115,012

$351,987

$327,972

NetSpend (h)

$139,648

$114,048

$436,343

$363,521

Adjusted segment operating margin:

North America services (a) / (e)

38.81%

38.49%

38.36%

36.06%

International services

(b) / (f)

21.25%

18.28%

15.86%

12.97%

Merchant services (c) / (g)

34.26%

35.13%

33.29%

31.55%

NetSpend (d) / (h)

26.72%

31.67%

25.03%

26.28%

(in thousands)

2015 Third Quarter and YTD Results

(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.

> APPENDIX: Non-GAAP Reconciliation –

Constant Currency

Nine

Months Ended

9/30/15 9/30/14

Percentage

Change

Three

Months Ended

9/30/15 9/30/14

Percentage

Change

(in thousands)

Consolidated:

Constant Currency (1)

$716,363

$616,891

16.1%

$2,088,418

$1,811,774

15.3

Foreign Currency

(2)

(8,473

---

(25,720

---

Total Revenues

$707,890

$616,891

14.8%

$2,062,698

$1,811,774

13.8

International

Services:

Constant Currency (1)

$100,512

$91,865

9.4%

$286,969

$264,710

8.4

Foreign Currency (2)

(8,335

---

(25,372

---

Total Revenues

$92,177

$91,865

0.3%

$261,597

$264,710

(1.2

2015 Third Quarter and YTD Results

(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.

> APPENDIX: Non-GAAP Reconciliation –

Constant Currency

Nine

Months Ended

9/30/15 9/30/14

Percentage

Change

Three

Months Ended

9/30/15 9/30/14

Percentage

Change

(in thousands)

Consolidated:

Constant Currency (1)

$644,364

$552,860

16.6%

$1,878,291

$1,623,678

15.7

Foreign Currency

(2)

(7,978

---

(24,037

---

Revenues before

reimbursable items

$636,386

$552,860

15.1%

$1,854,254

$1,623,678

14.2

International

Services:

Constant Currency (1)

$94,285

$87,385

7.9%

$267,721

$248,890

7.6

Foreign Currency (2)

(7,839

---

(23,688

---

Revenues before

Reimbursable Items

$86,446

$87,385

(1.1%)

$244,033

$248,890

(2.0

> APPENDIX: Non-GAAP Reconciliation –

EBITDA and

Adjusted EBITDA

2015 Third Quarter and YTD Results

(in thousands)

Three Months Ended

Nine

Months Ended

Sep

2015

Sep

2014

Sep

2015

Sep

2014

$122,051

$85,198

$284,325

$248,163

Deduct: Income from discontinued

operations

(880)

(51,993)

Deduct: Equity in Income of Equity

Investments

(5,336)

(4,135)

(15,309)

(11,831)

Add: Income Taxes

37,825

39,227

119,204

94,333

Add: Nonoperating expenses

8,564

9,997

27,982

30,195

Add: Depreciation and amortization

64,499

62,434

191,219

183,430

$227,603

$191,841

$607,421

$492,297

Add: Share-based compensation

11,295

5,420

31,468

23,019

Add: NetSpend

M&A expenses

779

3,213

$238,898

$198,040

$638,889

$518,529

Deduct: State tax credits and related

expenses

(15,084)

of state

tax credits and related expenses

$223,814

$198,040

$623,805

$518,529

2015 Third Quarter and YTD Results

> APPENDIX: Non-GAAP Reconciliation –

Adjusted EPS

(in thousands)

Three Months Ended

Nine Months Ended

Sep

2015

Sep

2014

Sep

2015

Sep

2014

from continuing operations available to TSYS

$120,622

$82,925

$281,216

$192,018

to TSYS common

Acquisition intangible amortization

15,104

15,762

45,948

47,374

Share-based compensation

7,544

3,573

21,018

15,174

NetSpend M&A expenses

786

3,111

$143,270

$103,046

$348,182

$257,677

expenses, net

of tax

(23,557)

of state tax credits and

related expenses (c)

$119,713

$103,046

$324,625

$257,677

and participating

183,954

185,577

184,320

186,559

Available to TSYS Common Shareholders

$0.66

$0.45

$1.53

$1.03

EPS Available to TSYS Common

$0.78

$0.56

$1.89

$1.38

EPS without impact of tax credits Available

$0.65

$0.56

$1.76

$1.38

2015 Third Quarter and YTD Results

Trailing Twelve

Months Ended

9/30/2015

$630,640

Purchases

property

and

equipment

(57,062)

Additions to licensed computer software from vendors

(32,192)

Additions

internally

developed

computer

software

(41,893)

Additions to contract acquisition

costs

(73,303)

$426,190

(in thousands)

> APPENDIX: Non-GAAP Reconciliation –

Free Cash Flow

> APPENDIX: Non-GAAP Reconciliation –

EBITDA and

Adjusted EBITDA

2015 Third Quarter and YTD Results

Trailing Twelve

Months Ended

9/30/2015

Net Income

$365,567

Adjusted for:

Add: Discontinued operations

3,338

Deduct: Equity in Income of Equity Investments

(21,061)

Add: Income Taxes

154,632

Add: Nonoperating expense

36,499

Add: Depreciation and Amortization

254,410

EBITDA

$793,385

Adjust for: Share-based compensation

39,239

NetSpend M&A Operating Expenses*

Adjusted EBITDA

$832,627

(in thousands)

* Excludes share-based compensation

> APPENDIX: 2015 Revised Guidance Assumptions

The revised guidance assumes:

There will be no significant movements in the London Interbank Offered

Rate and TSYS will not make any significant draws on the remaining

balance of its credit facility;

There will be no significant movement in foreign currency exchange rates

related to TSYS’ business;

TSYS will not incur significant expenses associated with the conversion of

new large clients, additional acquisitions, or any significant impairment of

goodwill or other intangibles;

There will be no deconversions of large clients during the year; and

The economy will not worsen.

Additionally, the impact of any future share repurchases is not included.

2015 Third Quarter and YTD Results

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