invested in private equity over time. « KKR will manage concentration risk, and it is unlikely that the firm will make another investment as big as First Data again. The biggest advantage to having a ea Bankof America 44 2016 Future of Financials Conference | 17 November 2016 Merrill Lynch HOUSE_OVERSIGHT

1g% CEO, NextJump. *David Kirkpatrick*iz% Author, /The Facebook Effect/. Fmr head technology writer, FORTUNE. *Henry Kravis*1¢% Co-CEO of KKR. Chm, First Data. Boards: Claremont McKenna College, Metropolitan Museum of Art, Mount Sinai Medical Center, Council on Foreign Relations, Columbia Business School, R

e Kim*— CEO, NextJump. *David Kirkpatrick*— Author, /The Facebook Effect/. Fmr head technology writer, FORTUNE. *Henry Kravis*— Co-CEO of KKR. Chm, First Data. Boards: Claremont McKenna College, Metropolitan Museum of Art, Mount Sinai Medical Center, Council on Foreign Relations, Columbia Business School, R

capital HOUSE_OVERSIGHT_024277 --- PAGE BREAK --- PARTNERS AND ADVISORY BOARD ALISON DAVIS* |! Director: Royal Bank of Scotland, XOOM, Fiserv and First Data MARY CRANSTON | Director: VISA, ex-CEO and Chair of Pillsbury Winthrop TERRY SCHWAKOPF | EVP: Federal Reserve Bank of San Francisco, banking supervi

ocked by Central Banks Company benefited from Bank of England contract for £5 and £10 notes Global Secondary purchase of co-investment position in First Data, a leading bank payment processing company • Motivated seller was a bank invested in original buyout who had to sell for regulatory capital reaso

ocked by Central Banks Company benefited from Bank of England contract for £5 and £10 notes Global Secondary purchase of co-investment position in First Data, a leading bank payment processing company • Motivated seller was a bank invested in original buyout who had to sell for regulatory capital reaso

cked by Central Banks Company benefited from Bank of England contract for £5 and El 0 notes Global Secondary purchase of co-investment position in First Data, a leading bank payment processing company • Motivated seller was a bank invested in original buyout who had to sell for regulatory capital reaso

d by Central Banks 1 I 1 1 Company benefited from Bank of England contract for £5 and £10 notes Secondary purchase of co-investment position in First Data, a leading payment processing company • Motivated seller was a bank invested in original buyout who had to sell for regulatory capital reasons ahe

ocked by Central Banks Company benefited from Bank of England contract for £5 and £10 notes Global Secondary purchase of co-investment position in First Data, a leading bank payment processing company • Motivated seller was a bank invested in original buyout who had to sell for regulatory capital reaso

arlie Kim - CEO, Next)ump. David Kirkpatrick - Author, The Facebook Effect. Fmr head technology writer, FORTUNE. Henry Kravis - Co-CEO of KKR. Chm, First Data. Boards: Claremont McKenna College, Metropolitan Museum of Art, Mount Sinai Medical Center, Council on Foreign Relations, Columbia Business School,

on Davis to chair our Advisory Board. Alison is a current director of the Royal Bank of Scotland (RBS) and Firsen'. She is a former board member of First Data, Xoom, and City National Bank. Davis was previously CFO of EFTA00666186 Barclays Global Investors (now BlackRock), making her one of the most seni

on Davis to chair our Advisory Board. Alison is a current director of the Royal Bank of Scotland (RBS) and Firsen'. She is a former board member of First Data, Xoom, and City National Bank. Davis was previously CFO of EFTA00604945 Barclays Global Investors (now BlackRock), making her one of the most seni

Wecturh CME Investigating Blockchain Use Cases BNY !Arlon IBM US Federal Re Samsung Santander PayPal/Bnuntree Stripe NCR Square Intuit First Data Global Payments Toshiba. VisualTouch Companies scceptmq Sitcom') payments Microsoft Del Untied Way Wikipedia WoMpress Expodia Dish Oversto

ocked by Central Banks Company benefited from Bank of England contract for £5 and £10 notes Global Secondary purchase of co-investment position in First Data, a leading bank payment processing company • Motivated seller was a bank invested in original buyout who had to sell for regulatory capital reaso

rkets, ranking. and other industry information arc based on reports of government agencies or published industry sources, and estimates are based on First Data management's knowledge and experience in the markets in which First Data operates. The Nilson Report. an industry source we cite in this prospectus,

inancial measures "Adjusted EBITDA," "Adjusted Net Income," and "Covenant EBITDA." Adjusted 0' ITDA represents: Net income or loss attributable to First Data, plus • Interest expense, net; • Income tax (benefit) expense; • Depreciation and amortization; • Stock-based compensation; and • Other adj

ul, Proprietary Technology Platforms We own and operate proprietary technology platforms which give us a wide range of capabilities that distinguish First Data in the global marketplace and provide us with significant competitive advantages. Our powerful technology platforms are strategically positioned ar

X- I/A Table of Contents Benditting from Industry Trends We believe First Data is strongly positioned to take advantage of several global industry trends: Consumer payments are continuing to shift from cash to electronic, inclu

N-I/A •fable of Contents In 2014, we generated $11.2 billion of revenue, $1.4 billion of operating profit, and had a net loss attributable to First Data of $458 million, reflecting an increase of 3%, 28% and 52% (decrease of loss), respectively, over 2013. For the same period, we generated segment r

harlie Kim — CEO, NextJump. David Kirkpatrick — Author, 7he Facebook Effect. Fmr head technology writer, FORTUNE. Henry Kravis — Co-CEO of KKR. Chm, First Data. Boards: Claremont McKenna College, Metropolitan Museum of Art, Mount Sinai Medical Center, Council on Foreign Relations, Columbia Business School, R