Vantiv, Inc. : Vantiv Reports First Quarter 2013 Results

           Vantiv, Inc. : Vantiv Reports First Quarter 2013 Results

                             Vantiv News Release

                  Vantiv Reports First Quarter 2013 Results

 Net Revenue Grew 17% to $272.9 Million as Transactions Increased 18% to 4.0
                                   Billion
        Adjusted EBITDA Margin Expanded Approximately 160 Basis Points
         Pro Forma Adjusted Net Income Increased 59% to $67.4 Million
        Pro Forma Adjusted Net Income per Share Increased 55% to $0.31
                                      

CINCINNATI, May  6,  2013  -  Vantiv, Inc.  (NYSE:  VNTV)  ("Vantiv"  or  "the 
Company") today announced financial results for the first quarter ended  March 
31, 2013. Revenue  increased 15% to  $498.0 million in  the first quarter  as 
compared to $432.8 million  in the prior year  period. Net revenue  increased 
17% to $272.9 million in  the first quarter as  compared to $232.6 million  in 
the prior year  period. Transaction  growth was  18% for  the first  quarter, 
which was primarily due to transaction growth in the Merchant Services segment
of 23%. On a GAAP  basis, net income attributable  to Vantiv, Inc. was  $26.1 
million or $0.18 per diluted share  during the first quarter, compared with  a 
loss of  ($18.4) million,  or ($0.38)  per diluted  share, in  the prior  year 
period. Pro forma adjusted net income  increased 59% in the first quarter  to 
$67.4 million as compared to $42.4 million in the prior year period. Pro forma
adjusted net income per share increased 55% to $0.31 for the first quarter  as 
compared to $0.20 in  the prior year  period. (See Schedule  2 for pro  forma 
adjusted net income and Schedule 6  for GAAP net income reconciliation to  pro 
forma adjusted net income.)

Vantiv's scale and efficiency continued  to support superior profitability  as 
shown by the Company's  first quarter adjusted EBITDA  margin of 45.9%,  which 
reflected approximately 160 basis  points in margin  expansion over the  prior 
year period.  (See Schedule  7 for  reconciliation from  GAAP net  income  to 
adjusted EBITDA.)

"I am pleased to report another strong quarter that demonstrates our continued
focus on execution  and ability to  win market share,"  said Charles  Drucker, 
president and  chief  executive  officer  at  Vantiv.  "Our  strong  financial 
performance is  a testament  to  our dedicated  employees, our  commitment  to 
execution, and our focus on our clients. Looking forward, we will continue to
generate above market growth by broadening distribution within our traditional
business as well as expanding through technology into high-growth segments and
verticals, like ecommerce and PayFac(TM)."

Merchant Services
Net revenue increased 22% to $191.6  million in the first quarter as  compared 
to $157.5 million in the prior year period, primarily due to a 23% increase in
transactions, including  the  recent acquisition  of  Litle &  Co.  ("Litle"). 
Litle continued to generate superior growth  during the first quarter with  a 
39% increase in sales volume year-over-year, due primarily to strong new sales
and organic growth. Consistent with the prior three quarters, net revenue per
transaction declined as compared to the  prior year period due principally  to 
the addition of a large national processing contract in the second quarter  of 
2012. Excluding  the impact  of this  contract, net  revenue per  transaction 
increased year-over-year, due primarily to beneficial changes in the Company's
customer mix and increased ecommerce net revenue. Sales and marketing expenses
increased to $70.2  million in  the first quarter  from $66.7  million in  the 
prior period.

Financial Institution Services
Net revenue increased 8% to $81.3 million in the first quarter as compared  to 
$75.1 million in the prior year period. Sales and marketing expenses fell  by 
4% in the first quarter  to $5.8 million from $6.1  million in the prior  year 
period.

Earnings Conference Call and Audio Webcast
The Company will host a conference call to discuss first quarter 2013
financial results and an update to its prior guidance for the remainder of
2013 today at 5:00 PM ET. Hosting the call will be Charles Drucker, president
and chief executive officer and Mark Heimbouch, chief financial officer. The
conference call can be accessed live over the phone by dialing (888) 218-8170,
or for international callers (913) 312-9321, and referencing conference code
8007675. A replay will be available approximately two hours after the call
concludes and can be accessed by dialing (888) 203-1112, or for international
callers (719) 457-0820, and entering replay pass code 8007675. The replay
will be available through Monday, May 20, 2013. The call will be webcast live
from the Company's investor relations website at http://investors.vantiv.com.

**** EARNINGS SCHEDULES ATTACHED / ACCESSIBLE AT  THE LINK AT THE END OF  THIS 
RELEASE / EMAIL

Contacts
Investors
Nathan Rozof, CFA
Senior Vice President, Investor Relations
(866) 254-4811
(513) 900-4811
IR@vantiv.com

Media
Andrew Ciafardini
Director of Public Relations
(513) 900-5308
Andrew.Ciafardini@vantiv.com

About Vantiv, Inc.
Vantiv,  Inc.  (NYSE:  VNTV)  is  a  leading,  integrated  payment   processor 
differentiated by a single, proprietary  technology platform. Vantiv offers  a 
comprehensive suite  of  traditional  and innovative  payment  processing  and 
technology solutions to merchants and  financial institutions of all sizes  in 
the U.S., enabling them  to address their payment  processing needs through  a 
single provider. We  build strong  relationships with  our customers,  helping 
them become more  efficient, more secure  and more successful.  Vantiv is  the 
third largest merchant acquirer  and the largest PIN  debit acquirer based  on 
number of  transactions in  the U.S.  The company's  growth strategy  includes 
expanding further  into  high  growth payment  segments,  such  as  ecommerce, 
payment facilitation (PayFac(TM)), mobile, prepaid and information  solutions, 
and attractive industry  verticals, such  as petroleum,  business-to-business, 
government, healthcare,  gaming and  education.  For more  information,  visit 
www.vantiv.com.

Non-GAAP and Pro Forma Financial Measures
This earnings release  presents non-GAAP and  pro forma financial  information 
including net revenue, adjusted EBITDA, pro forma adjusted net income, and pro
forma  adjusted  net  income  per  share  information.  These  are  important 
financial performance measures for the Company, but are not financial measures
as defined by  GAAP. The presentation  of this financial  information is  not 
intended to be considered in isolation or as a substitute for, or superior to,
the financial information prepared and presented in accordance with GAAP. The
Company uses these non-GAAP and  pro forma financial performance measures  for 
financial  and  operational  decision  making  and  as  a  means  to  evaluate 
period-to-period comparisons. The  Company believes that  they provide  useful 
information about operating results, enhance the overall understanding of past
financial performance and future prospects, and allow for greater transparency
with  respect  to  key  metrics  used  by  management  in  its  financial  and 
operational decision making.  Reconciliations of these  measures to the  most 
directly comparable  GAAP financial  measures are  presented in  the  attached 
schedules.

Net revenue is revenue, less network fees and other costs. Pro forma  adjusted 
net income includes adjustments to  exclude amortization of intangible  assets 
acquired in business  combinations and  customer portfolio  and related  asset 
acquisitions, share-based compensation, transition  costs associated with  our 
separation from Fifth  Third Bank,  integration costs  incurred in  connection 
with acquisitions,  cash tax  adjustments, and  conversion of  non-controlling 
interests into  shares  of  Class  A  common stock.  (See  Schedule  6  for  a 
reconciliation from GAAP net income to pro forma adjusted net income.)

Forward-Looking Statements
This release contains forward-looking statements that are subject to risks and
uncertainties. All statements other than statements of historical fact or
relating to present facts or current conditions included in this release are
forward-looking statements including any statements regarding guidance and
statements of a general economic or industry specific nature. Forward-looking
statements give our current expectations and projections relating to our
financial condition, results of operations, guidance, plans, objectives,
future performance and business. You can identify forward-looking statements
by the fact that they do not relate strictly to historical or current facts.
These statements may include words such as "anticipate," "estimate," "expect,"
"project," "plan," "intend," "believe," "may," "should," "can have," "likely"
and other words and terms of similar meaning in connection with any discussion
of the timing or nature of future operating or financial performance or other
events.

The  forward-looking  statements  contained  in  this  release  are  based  on 
assumptions that we  have made  in light of  our industry  experience and  our 
perceptions  of  historical  trends,   current  conditions,  expected   future 
developments  and  other  factors  we   believe  are  appropriate  under   the 
circumstances. As you  review and consider  information presented herein,  you 
should  understand  that  these  statements  are  not  guarantees  of   future 
performance or results.  They depend  upon future  events and  are subject  to 
risks, uncertainties (many of which  are beyond our control) and  assumptions. 
Although we  believe  that  these  forward-looking  statements  are  based  on 
reasonable assumptions, you should be aware that many factors could affect our
actual future performance or results and cause them to differ materially  from 
those anticipated in the forward-looking statements. Certain of these  factors 
and other risk factors  are discussed in the  Company's filings with the  U.S. 
Securities and Exchange Commission  and include, but are  not limited to:  (i) 
the ability to keep  pace with rapid developments  and change in our  industry 
and provide new services to our clients; (ii) competition within our industry;
(iii) disclosure of unauthorized data and security breaches that expose us  to 
liability, litigation and reputational damage; (iv) failures of our systems or
systems of our third party providers;  (v) our inability to expand our  market 
share in existing  markets or  expand into new  markets; (vi)  our ability  to 
identify acquisition, joint venture and partnership candidates and finance  or 
integrate businesses, services or technologies that we acquire; (vii)  failure 
to comply with applicable  requirements of Visa,  MasterCard or other  payment 
networks; (viii)  changes in  payment  network rules  or standards;  (ix)  our 
ability  to  pass  fee  increases  along  to  merchants;  (x)  termination  of 
sponsorship or clearing services provided  to us; (xi) increased attrition  of 
our merchants, independent sales organizations, or ISOs, or referral partners;
(xii) inability  to  successfully renew  or  renegotiate agreements  with  our 
clients  or  ISOs;  (xiii)  reductions  in  overall  consumer,  business   and 
government spending; (xiv) fraud by merchants or others; (xv) a decline in the
use of credit, debit or prepaid cards; (xvi) consolidation in the banking  and 
retail industries; and (xvii) the effects of governmental regulation,  changes 
in laws and outcomes  of future litigation or  investigations. Should one  or 
more of  these risks  or uncertainties  materialize, or  should any  of  these 
assumptions prove incorrect, our actual results may vary in material  respects 
from those projected in these forward-looking statements.

Any forward-looking statement made by us in this release speaks only as of the
date on  which we  make it.  Factors or  events that  could cause  our  actual 
results to differ may emerge from time to time, and it is not possible for  us 
to predict all  of them.  We undertake no  obligation to  publicly update  any 
forward-looking statement,  whether as  a result  of new  information,  future 
developments or otherwise, except as may be required by law.

**** EARNINGS SCHEDULES ATTACHED / ACCESSIBLE AT THE LINK AT THE END OF THIS
EMAIL

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Q1 2013 Earnings Release Schedules

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Source: Vantiv, Inc. via Thomson Reuters ONE
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