Equifax Inc Investor Fourth Quarter 2020 Investor Update- Conference Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Andrew Owen Nicholas - William Blair & Company L.L.C., Research Division - Analyst : Just wanted to ask a question about CapEx. I think on one of the slides, it noted CapEx in 2022 of just under 8%. I think you originally contemplated a range more like the historical range of 6% to 7%. So I'm just wondering, one, if there is an adjustment, what are the main drivers of that change; and two, if the 8% figure for 2022 is more of a long-term rate. Or is that something you would also expect to trend down over time maybe in 2023 and beyond?

Question: Andrew Owen Nicholas - William Blair & Company L.L.C., Research Division - Analyst : Makes sense. That's helpful. And then just quickly as a follow-up, I think you noted in your prepared remarks the desire to expand your M&A focus. And you mentioned the identity and fraud space is one area of particular interest. I think you also mentioned seeing some outside growth in the identity business or the identity validation business broadly. So I'm just kind of wondering, higher level, if you could speak to that business a little bit further. How big is that business today? Anything you can say about the competitive REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.