Page 6 of 16 TSYS Financial Highlights (unaudited) (in thousands, except per share data) Three Months Ended June 30, 2019 Total revenues 2018 $ 1,035,485 1,007,580 Cost of services Selling, general and administrative expenses Total expenses 630,821 185,577 816,398 617,818 181,064 798,882 Operating income 219,087 Nonoperating expenses Income before income taxes and equity in income of equity investments Income tax expense Income before equity in income of equity investments Equity in income of equity investments, net of tax Net income Net income attributable to noncontrolling interests Six Months Ended June 30, Percent Change 2.8 % 2019 $ 2018 Percent Change 2,070,016 1,994,750 2.1 2.5 2.2 1,263,032 364,627 1,627,659 1,231,183 366,598 1,597,781 208,698 5.0 442,357 396,969 11.4 (37,416) (41,170) 9.1 (80,407) (78,812) (2.0) 181,671 31,128 150,543 12,217 162,760 - 167,528 37,415 130,113 12,322 142,435 - 8.4 (16.8) 15.7 (0.9) 14.3 361,950 61,027 300,923 23,444 324,367 - 318,157 55,549 262,608 22,929 285,537 (1,261) na 3.8 % 2.6 (0.5) 1.9 13.8 9.9 14.6 2.2 13.6 100.0 Net income attributable to TSYS common shareholders $ 162,760 142,435 14.3 % $ 324,367 284,276 14.1 % Earnings per share (EPS): Basic EPS $ 0.92 0.78 17.7 % $ 1.83 1.56 16.9 % $ 0.91 0.78 17.5 % $ 1.81 1.55 16.8 % 176,962 182,355 177,697 181,991 178,514 183,575 179,198 183,456 $ 0.26 0.26 Diluted EPS Weighted average shares outstanding: (includes participating securities) Basic Diluted Dividends declared per share $ 0.13 0.13 Non-GAAP measures:* Net revenue $ 979,920 956,548 2.4 % $ 1,960,189 1,892,045 3.6 % Adjusted EBITDA $ 368,939 345,021 6.9 % $ 726,226 675,943 7.4 % Adjusted earnings $ 226,686 203,796 11.2 % $ 442,132 411,383 7.5 % Adjusted diluted EPS $ 1.27 1.11 14.4 % $ 2.47 2.24 10.0 % * See reconciliation of non-GAAP measures. na = not applicable - more - Page 7 of 16 TSYS Segment Breakdown (unaudited) (in thousands) Three Months Ended June 30, Adjusted segment EBITDA: Issuer Solutions (a) Merchant Solutions (b) Consumer Solutions (c) Corporate admin and other Total (d) Less: Share-based compensation M&A and integration expenses Depreciation and amortization Client incentive/contract cost amortization Contract cost asset amortization Operating income Nonoperating expenses Income before income taxes and equity in income of equity investments Net revenue by segment: Issuer Solutions (e) Merchant Solutions (f) Consumer Solutions (g) Segment net revenue Less: Intersegment revenues Net revenue (h) Add: reimbursable items Total revenues 2019 $ 2018 $ Change Six Months Ended June 30, % 2019 209,845 138,366 53,595 (32,867) 368,939 195,275 133,418 54,545 (38,217) 345,021 14,570 4,948 (950) 5,350 23,918 11,500 17,150 104,773 8,250 8,179 219,087 (37,416) 14,229 2,581 104,290 6,712 8,511 208,698 (41,170) (2,729) 14,569 483 1,538 (332) 10,389 3,754 $ 181,671 167,528 14,143 8.4 % $ 432,445 364,210 196,143 992,798 12,878 979,920 55,565 1,035,485 421,015 346,389 200,293 967,697 11,149 956,548 51,032 1,007,580 11,430 17,821 (4,150) 25,101 1,729 23,372 4,533 27,905 2.7 % 5.1 (2.1) 2.6 15.5 2.4 8.9 2.8 % $ 7.5 % 3.7 (1.7) 14.0 6.9 $ 2018 391,040 252,358 108,212 (75,667) 675,943 23,739 14,843 9,076 2,625 50,283 22,214 20,860 208,483 16,288 16,024 442,357 (80,407) 20,524 16,949 208,679 13,584 19,238 396,969 (78,812) 1,690 3,911 (196) 2,704 (3,214) 45,388 (1,595) $ 361,950 318,157 43,793 13.8 % $ 865,919 707,166 415,321 1,988,406 28,217 1,960,189 109,827 2,070,016 844,589 663,792 410,781 1,919,162 27,117 1,892,045 102,705 1,994,750 21,330 43,374 4,540 69,244 1,100 68,144 7,122 75,266 2.5 % 6.5 1.1 3.6 4.1 3.6 6.9 3.8 % (19.2) nm 0.5 22.9 (3.9) 5.0 9.1 $ 48.5% 38.0% 27.3% 46.4% 38.5% 27.2% 47.9% 37.8% 28.2% 46.3% 38.0% 26.3% Adjusted EBITDA margin on net revenue (d)/(h) 37.6% 36.1% 37.0% 35.7% - more - % 414,779 267,201 117,288 (73,042) 726,226 $ Adjusted segment EBITDA margin on segment net revenue: Issuer Solutions (a)/(e) Merchant Solutions (b)/(f) Consumer Solutions (c)/(g) nm = not meaningful Change 6.1 % 5.9 8.4 3.5 7.4 8.2 23.1 (0.1) 19.9 (16.7) 11.4 (2.0) Page 8 of 16 TSYS Segment Breakdown (unaudited) (in thousands) Three Months Ended June 30, Depreciation and amortization by segment: Issuer Solutions Merchant Solutions Consumer Solutions Depreciation and amortization Acquisition intangible amortization Corporate admin and other Total depreciation and amortization 2019 $ $ 2018 $ Change Six Months Ended June 30, % 2019 2018 $ Change % 71,296 15,940 9,618 96,854 108,663 2,966 208,483 57,971 15,348 8,573 81,892 124,888 1,899 208,679 13,325 592 1,045 14,962 (16,225) 1,067 (196) 23.0 % 3.9 12.2 18.3 (13.0) 56.2 (0.1) % 9.8 % 12,594.2 769.0 638.9 11,598.0 829.3 588.9 996.2 (60.3) 50.0 8.6 % (7.3) % 8.5 % 201.8 3,527.9 (0.017) 13.5 % 8.7 % (7.3) % $ $ 3,224.7 84,131.6 0.219 2,838.0 77,628.8 0.234 386.7 6,502.8 (0.015) 13.6 % 8.4 % (6.2) % 323.6 3.9 % $ 18,713.3 2,453.3 4,973.6 49.3% 18,030.5 2,518.7 5,078.5 49.6% 682.8 (65.4) (104.9) 3.8 % (2.6) % (2.1) % 36,129 8,257 5,202 49,588 53,706 1,479 104,773 29,640 7,523 4,313 41,476 61,865 949 104,290 6,489 734 889 8,112 (8,159) 530 483 6,645.4 6,050.0 595.4 1,700.3 43,890.0 0.214 1,498.5 40,362.1 0.231 8,659.8 8,336.2 21.9 % 9.8 20.6 19.6 (13.2) 55.8 0.5 % $ $ Segment statistical data: Issuer Solutions Total transactions (in millions) Total Accounts on File (AOF) (in millions) Total Traditional AOF (in millions) Merchant Solutions Point-of-sale transactions (in millions) Dollar sales volume (in millions) Segment net revenue per transaction $ $ Consumer Solutions Gross dollar volume (in millions) $ Direct deposit 90-day active cards (in thousands) 90-day active cards (in thousands) % of 90-day active cards with direct deposit - more - Page 9 of 16 TSYS Condensed Balance Sheet (unaudited) (in thousands) June 30, 2019 Assets Current assets: Cash and cash equivalents Accounts receivable, net Contract assets Other current assets Total current assets Goodwill Software and other intangible assets, net Property and equipment, net Operating lease right-of-use assets, net Contract assets - long-term Contract cost assets - long-term Other long term assets Total assets $ 458,220 513,712 43,847 224,048 1,239,827 4,114,851 1,224,111 373,868 198,539 56,925 148,938 349,747 7,706,806 471,156 450,322 30,950 188,355 1,140,783 4,114,838 1,331,238 383,074 47,839 145,598 305,339 7,468,709 $ 57,911 97,956 35,523 43,346 51,553 312,994 501,327 29,125 47,227 341,293 515,601 4,042,738 167,102 401,486 25,281 74,278 5,212,212 2,494,594 7,706,806 3,889,541 380,278 21,489 75,894 4,882,803 2,585,906 7,468,709 $ Liabilities Current liabilities: Accounts payable Current portion of long-term borrowings, finance leases and license agreements Current portion of operating lease liabilities Contract liabilities Other current liabilities Total current liabilities Long-term borrowings, finance leases and license agreements, excluding current portion Long-term operating lease liabilities, excluding current portion Deferred income tax liabilities Contract liabilities - long-term Other long-term liabilities Total liabilities Equity Total liabilities and equity - more - December 31, 2018 $ Page 10 of 16 TSYS Selected Cash Flow Highlights (unaudited) (in thousands) Six Months Ended June 30, 2019 2018 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Equity in income of equity investments, net of tax Dividends received from equity investments Depreciation and amortization Amortization of debt issuance costs Amortization of operating lease right-of-use assets Share-based compensation Deferred income tax expense Other noncash adjustments Changes in operating assets and liabilities Net cash provided by operating activities $ 324,367 285,537 (23,444) 208,483 2,652 25,555 22,214 21,258 27,293 (212,948) 395,430 (22,929) 892 208,679 2,362 20,524 18,657 43,187 (86,316) 470,593 Purchases of property and equipment Additions to licensed computer software from vendors Additions to internally developed computer software Cash used in acquisitions, net of cash acquired Other investing activities Net cash used in investing activities (30,844) (61,209) (24,817) (2,700) (119,570) (48,608) (19,216) (19,934) (1,051,629) (4,119) (1,143,506) Principal payments on long-term borrowings, finance lease obligations and license agreements Proceeds from long-term borrowings Debt issuance costs Purchase of noncontrolling interests Dividends paid on common stock Proceeds from exercise of stock options Repurchase of common stock Other financing activities Net cash (used in) provided by financing activities (299,499) 450,000 (46,534) 6,911 (400,023) (289,145) (2,626,534) 3,477,000 (15,979) (126,000) (47,189) 29,289 (82) (3,779) 686,726 $ (332) (13,617) 474,279 460,662 (4,143) 9,670 451,370 461,040 Capital expenditures $ 116,870 87,758 Free cash flow (non-GAAP)* $ 278,560 382,835 Cash, cash equivalents and restricted cash: Effect of exchange rate changes on cash, cash equivalents and restricted cash Net (decrease) increase in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash at beginning of period Cash, cash equivalents and restricted cash at end of period Supplemental * See reconciliation of non-GAAP measures. - more - Page 11 of 16 TSYS Supplemental Information (unaudited) Other Accounts on File (AOF): (in millions) Consumer Commercial Other Traditional AOF Prepaid*/Stored Value Commercial Card Single Use Government Services Total AOF * Prepaid does not include Consumer Solutions accounts. At June 2019 532.2 61.6 45.1 638.9 8.4 121.7 769.0 Total Accounts on File At June 2018 493.8 56.8 38.3 588.9 37.0 106.0 97.4 829.3 Growth in AOF: (in millions) June 2018 to June 2019 Beginning balance Change in accounts on file due to: Internal growth of existing clients New clients Purges/Sales Deconversions Ending balance - more - June 2017 to June 2018 829.3 773.6 56.7 23.8 (22.3) (118.5) 769.0 53.7 37.3 (34.4) (0.9) 829.3 Percent Change 7.8 % 8.4 18.0 8.5 (77.2) 14.8 (100.0) (7.3) % Page 12 of 16 Non-GAAP Measures Reconciliation of GAAP to Non-GAAP Financial Measures The schedules below provide a reconciliation of revenues and operating results on a constant currency basis to reported revenues and operating income. This non-GAAP measure presents second quarter 2019 financial results using the previous year’s foreign currency exchange rates. On a constant currency basis, TSYS’ total revenues for the second quarter of 2019 were higher 3.4% as compared to a reported GAAP increase of 2.8%. On a constant currency basis, TSYS’ total revenues for the first six months of 2019 were higher 4.5% as compared to a reported GAAP increase of 3.8%. The schedules below also provide a reconciliation of total revenues to net revenue. The schedules below also provide a reconciliation of net income attributable to TSYS common shareholders to adjusted earnings, and diluted EPS to adjusted diluted EPS. Although the Company excludes the amortization of purchased intangibles from these non-GAAP measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. The schedules below also provide a reconciliation of net income to adjusted EBITDA. The schedules below also provide a reconciliation of cash flows from operating activities and capital expenditures to free cash flow. The schedules below also provide a reconciliation of 2019 guidance of total revenues to net revenue and diluted EPS to adjusted diluted EPS. The tax rate used in the calculation of adjusted diluted EPS for the quarter is equal to an estimate of our annual effective tax rate on GAAP income. This effective rate is estimated annually and may be adjusted during the year to take into account events or trends that materially impact the effective tax rate including, but not limited to, significant changes resulting from tax legislation, material changes in the mix of revenues and expenses by entity and other significant events. TSYS believes that non-GAAP financial measures are important to enable investors to understand and evaluate its ongoing operating results. Accordingly, TSYS includes non-GAAP financial measures when reporting its financial results to shareholders and potential investors in order to provide them with an additional tool to evaluate TSYS’ ongoing business operations. TSYS believes that the non-GAAP financial measures are representative of comparative financial performance that reflects the economic substance of TSYS’ current and ongoing business operations. Although non-GAAP financial measures are often used to measure TSYS’ operating results and assess its financial performance, they are not necessarily comparable to similarly titled measures of other companies due to potential inconsistencies in the method of calculation. TSYS believes that its provision of non-GAAP financial measures provides investors with important key financial performance indicators that are utilized by management to assess TSYS’ operating results, evaluate the business and make operational decisions on a prospective, going-forward basis. Hence, management provides disclosure of non-GAAP financial measures to give shareholders and potential investors an opportunity to see TSYS as viewed by management, to assess TSYS with some of the same tools that management utilizes internally and to be able to compare such information with prior periods. TSYS believes that inclusion of non-GAAP financial measures provides investors with additional information to help them better understand its financial statements just as management utilizes these non-GAAP financial measures to better understand the business, manage budgets and allocate resources. - more - Page 13 of 16 Reconciliation of GAAP to Non-GAAP Constant Currency Comparison (unaudited) (in thousands) Consolidated Total revenues (GAAP) Foreign currency impact (1) Constant currency (2) (non-GAAP) Three Months Ended June 30, Percent 2019 2018 Change $ 1,035,485 6,839 1,007,580 2.8 % $ - Six Months Ended June 30, Percent 2019 2018 Change 2,070,016 15,107 1,994,750 3.8 % - $ 1,042,324 1,007,580 3.4 % $ 2,085,123 1,994,750 4.5 % $ 979,920 956,548 2.4 % $ 1,960,189 1,892,045 3.6 % Foreign currency impact Constant currency (2) (non-GAAP) $ 986,274 956,548 3.1 % $ 1,974,249 1,892,045 4.3 % Operating income (GAAP) $ 219,087 208,698 5.0 % $ 442,357 396,969 11.4 % Net revenue (non-GAAP) (1) 6,354 (1) 14,060 - - Foreign currency impact Constant currency (2) (non-GAAP) $ 221,076 208,698 5.9 % $ 446,243 396,969 12.4 % Issuer Solutions Segment net revenue (GAAP) $ 432,445 421,015 2.7 % $ 865,919 844,589 2.5 % 1,989 (1) Foreign currency impact Constant currency (2) (non-GAAP) 6,415 $ 438,860 - 3,886 421,015 14,261 4.2 % $ 880,180 - 844,589 4.2 % (1) Reflects the impact of calculated changes in foreign currency rates from the comparable period. (2) Reflects current period results on a non-GAAP basis as if foreign currency rates did not change from the comparable prior year period. Net Revenue (unaudited) (in thousands) Total revenues Less: reimbursable items Net revenue $ $ Three Months Ended June 30, Percent 2019 2018 Change 1,035,485 1,007,580 2.8 % $ 55,565 51,032 8.9 979,920 956,548 2.4 % $ - more - Six Months Ended June 30, Percent 2019 2018 Change 2,070,016 1,994,750 3.8 % 109,827 102,705 6.9 1,960,189 1,892,045 3.6 % Page 14 of 16 Reconciliation of GAAP to Non-GAAP Adjusted Diluted Earnings per Share (unaudited) (in thousands, except per share data) Net income attributable to TSYS common shareholders (GAAP) Adjust for amounts attributable to TSYS common shareholders: Add: Acquisition intangible amortization* Add: Share-based compensation Add: M&A and integration expenses** Less: Tax impact of adjustments*** Adjusted earnings (non-GAAP) Three Months Ended June 30, Percent 2019 2018 Change Six Months Ended June 30, Percent 2019 2018 Change $ 162,760 142,435 14.3 % $ 324,367 284,276 14.1 % 61,830 14,228 2,581 (17,278) 203,796 (13.1) (19.2) nm (6.7) 11.2 % $ $ 53,707 11,500 17,150 (18,431) 226,686 $ 108,663 22,214 20,860 (33,972) 442,132 124,818 20,522 16,949 (35,182) 411,383 (12.9) 8.2 23.1 3.4 7.5 % Diluted EPS - Net income attributable to TSYS common shareholders As reported (GAAP) $ 0.91 0.78 17.5 % $ 1.81 1.55 16.8 % Adjusted diluted EPS (non-GAAP) $ 1.27 1.11 14.4 % $ 2.47 2.24 10.0 % 178,514 183,575 179,198 183,456 Weighted average diluted shares outstanding * The Company’s amortization of acquisition intangible assets is disclosed in its 2018 Form 10-K filing in the applicable footnotes to the consolidated financial statements (Note 7 Other Intangible Assets, Net and the amortization expense associated with acquisition technology intangibles in Note 8 Intangible Assets – Computer Software, Net). ** Costs associated with the merger & acquisitions and integrations are included in selling, general and administrative expenses and nonoperating expenses. *** Certain of these merger and acquisition costs are nondeductible for income tax purposes. nm = not meaningful - more - Page 15 of 16 12 Reconciliation of GAAP to Non-GAAP Adjusted EBITDA (unaudited) (in thousands) Net income (GAAP) (a) Adjust for: Less: Equity in income of equity investments Add: Income tax expense Add: Interest expense, net Add: Depreciation and amortization Add: Client incentive/contract asset amortization Add: Contract cost asset amortization Less/Add: (Gain)/ Loss on foreign currency translations Less/Add: Other nonoperating (income)/expenses Add: Share-based compensation Add: M&A and integration expenses* Adjusted EBITDA (non-GAAP) (b) $ $ Three Months Ended June 30, Percent 2019 2018 Change 162,760 142,435 14.3 % $ (12,217) 31,128 43,014 104,773 8,250 8,179 (850) (4,748) 11,500 17,150 368,939 (12,322) 37,415 41,119 104,290 6,712 8,511 (535) 586 14,229 2,581 345,021 0.9 (16.8) 4.6 0.5 22.9 (3.9) (58.9) nm (19.2) nm 6.9 % $ Six Months Ended June 30, Percent 2019 2018 Change 324,367 285,537 13.6 % (23,444) 61,027 85,783 208,483 16,288 16,024 287 (5,663) 22,214 20,860 726,226 (22,929) 55,549 77,772 208,679 13,584 19,238 (107) 1,147 20,524 16,949 675,943 Total revenues (c) Net income margin on total revenues (GAAP) (a)/(c) $ 1,035,485 15.7% 1,007,580 14.1% 2.8 % $ 2,070,016 15.7% 1,994,750 14.3% Net revenue (d) Adjusted EBITDA margin on net revenue (non-GAAP) (b)/(d) $ 979,920 37.6% 956,548 36.1% 2.4 % $ 1,960,189 37.0% 1,892,045 35.7% * Costs associated with the mergers & acquisitions and integrations are included in selling, general and administrative expenses. nm = not meaningful - more - (2.2) 9.9 10.3 (0.1) 19.9 (16.7) nm nm 8.2 23.1 7.4 % Page 16 of 16 16 Reconciliation of GAAP to Non-GAAP Free Cash Flow (unaudited) (in thousands) Free cash flow: 2019 Net cash provided by operating activities (GAAP) Capital expenditures Free cash flow (non-GAAP) $ $ Six Months Ended June 30, 395,430 (116,870) 278,560 2018 470,593 (87,758) 382,835 Guidance Summary (unaudited) (in millions, except per share data) Revenue: 2019 Total revenues (GAAP) Less: reimbursable items Net revenue (non-GAAP) $ % Change to to to $ $ 4,190 200 3,990 $ 3.48 to 1.27 to 4.75 to 4% to 6% $ 4,290 200 4,090 5% to 7% $ 3.63 11% to 16% 6% to 10% Earnings per share (EPS): Diluted EPS (GAAP) Acquisition intangible amortization, share-based compensation, litigation, claims, judgments or settlements and M&A and integration expenses, less the tax impact of adjustments Adjusted diluted EPS attributable to TSYS common shareholders* (non-GAAP) $ ### 1.27 $ 4.90