Solera Facts

Headquarters: San Diego, California, USA
FY 2009 Revenue: $557.7 million (USD)
Countries: More than 50
Markets served: Insurance, automotive collision repair, automotive parts recycling and salvage

Customers

  • More than 55,000, which includes more than 900 automobile insurance carriers, 33,000 collision repair facilities, 7,000 independent assessors, and 3,000 automotive recyclers.
  • The top 10 largest automobile insurance companies in North America.
  • The top 10 largest automobile insurance companies in Europe.

Current Industry Dynamics

  • More than 100 million automotive insurance claims processed each year
  • Vehicle accident rates are higher in emerging markets (China, India) and evolving markets (Mexico, Central and Eastern Europe, South Africa) than in more developed markets.

Solera Companies’ Software and Services

  • End-to-end solutions for the entire automotive claims process, including applications for workflow, estimating, appraisal resource management, compliance, total loss and business intelligence
  • More than $200 million invested internally over the past decade to maintain and expand proprietary automotive parts and repair databases
  • The proprietary databases cover more than 95 percent of vehicles on the road today in our core markets dating back to 1970.

Annual Revenue by Fiscal Year and Adjusted EBITDA

  • $557.7 million FY 2009/$208.6 million EBITDA
  • $539.9 million FY 2008/$185.5 million EBITDA
  • $472.0 million FY 2007/$144.0 million EBITDA
  • $430.2 million FY 2006/$124.3 million EBITDA
  • $412.4 million FY 2005/$118.3 million EBITDA
  • $361.2 million FY 2004/$104.2 million EBITDA

Recent Financial Results – Top Line Revenue by Quarter (fiscal year July 1 to June 30)

  • $141.1 million – 2009 Q4
  • $139.3 million – 2009 Q3
  • $131.3 million – 2009 Q2
  • $143.0 million – 2009 Q1 
  • $145.5 million – 2008 Q4
  • $138.0 million – 2008 Q3 
  • $132.1 million – 2008 Q2
  • $124.2 million – 2008 Q1

Legal Disclaimer and Safe Harbor Statement Below:

All financials for the Company’s fiscal year ended June 30, 2006 is presented on a pro forma basis, derived from the audited historical statement of operations for Solera Holdings, Inc. for the fiscal year ended June 30, 2006 and from the audited historical combined statement of operations for the Claims Services Group of Automatic Data Processing, Inc. (ADP) for the period from July 1, 2005, 2005 to April 13, 2006, when ADP’s Claims Services Group was acquired by Solera. This page contains forward-looking statements, including statements about creating efficiencies in our business, growth opportunities, building stockholder value, our business outlook for fiscal year 2008, our business strategy, and statements about historical results or performance that may suggest trends for our business. These statements are based on our current expectations, estimates and assumptions and are subject to many risks, uncertainties and unknown future events that could cause actual results to differ materially. Actual results may differ materially from those set forth in this press release due to the risks and uncertainties inherent in our business, including, without limitation: our reliance on a limited number of customers for a substantial portion of our revenues; unpredictability and volatility of our operating results, which includes the volatility associated with foreign currency exchange risks; effects of competition on our software and service pricing and our business; effects of changes in or violations by us or our customers of government regulations; time and expenses associated with customers switching from competitive software and services to our software and services; rapid technology changes in our industry; costs and possible future losses or impairments relating to our 2006 acquisition of the Claims Services Group from Automatic Data Processing, Inc.; our reliance on third-party information for our software and services; effects of system failures or security breaches on our business and reputation; country-specific risks associated with operating in multiple countries; risks associated with any future acquisitions, joint ventures or similar transactions; our ability to obtain additional financing as necessary to support our operations; use of cash to service our debt; effects on our business of restrictive covenants in our debt facility; and any material adverse impact of current or future litigation on our results or business. For a discussion of these and other factors that could impact our operations or financial results and cause our results to differ materially from those in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, particularly our Annual Report on Form 10-K for the Year Ended June 30, 2007 filed with the Securities and Exchange Commission on September 17, 2007. Solera is under no obligation to (and specifically disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.