Slide 1: MasterCard Incorporated First-Quarter 2014 Financial Results Conference Call
MasterCard Incorporated First-Quarter 2014 Financial Results Conference Call May 1, 2014 ©2014 MasterCard. Proprietary
Slide 2: Thoughts for the Future
Thoughts for the Future Operational Overview Economic Update Business Highlights
Slide 3: Selected Financial Performance
1st Quarter Selected Financial Performance ($ in millions, except per share data) YOY Growth As FX 1Q 14 1Q 13 Reported Adjusted Net revenue $ 2,177 $ 1,906 14% 14% Total operating expenses 892 799 12% 11% Operating income 1,285 1,107 16% 16% Operating margin 59.0% 58.1% 1.0 ppts 1.0 ppts Net income
Slide 4: Gross Dollar Volume (GDV)
1st Quarter Gross Dollar Volume (GDV) ($ in billions) Worldwide United States Rest of World 14% Growth 9% Growth 16% Growth $1,200 $1,045 $947 $1,000 $471 $800 $726 $415 $653 $600 $296 $255 $400 $294 $319 $532 $574 $160 $174 $429 $200 $398 $134 $145 $0 1Q13 1Q14 1Q13 1Q14 1Q13 1Q14 Credit Debit Note
Slide 5: Processed Transactions and Cards
1st Quarter Processed Transactions and Cards Page Processed Transactions Cards 14% Growth 8% Growth 12,000 2,012 2,000 1,859 10,000 9,849 8,656 703 millions) 8,000 1,500 693 (in millions) 6,000 (in 1,000 4,000 Cards Transactions 1,309 1,166 500 2,000 0 0 1Q 13 1Q 14 1Q 13 1Q 14 MasterCard Cards Maes
Slide 6: Revenue
1st Quarter Revenue ($ in millions) 1Q 13 1Q 14 $2,500 $2,177 $1,906 $1,500 $873 $938 $821 $936 $589 $695 $500 $280 $341 -$ 500 ($657) ($733) -$ 1,500 Domestic Cross-Border Transaction Other Rebates and Total Net Revenue Assessments Volume Fees Processing Fees Revenues Incentives As-reported 7% 18%
Slide 7: Operating Expenses
1st Quarter Operating Expenses ($ in millions) 1Q 13 1Q 14 $1,200 $892 $799 $800 $670 $608 $400 $129 $149 $62 $73 $0 General Advertising Depreciation Total & & & Operating Administrative Marketing Amortization Expenses As-reported 10% 15% 19% 12% FX-adjusted 10% 14% 19% 11% Note: Figures may not sum
Slide 8: Thoughts for the Future
Thoughts for the Future Business update through April 28 Long-Term Performance Objectives Thoughts for Impact from Acquisitions Revenue Operating Expenses Tax Rate FX Impact MasterCard Incorporated
Slide 9: MasterCard
MasterCard
Slide 10: Appendix A: Reclassification of Revenue Detail
Appendix A Reclassification of Revenue Detail Reclassified Historical Revenue Detail (in $ millions) 2011 2012 2013 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Domestic assessments 685 768 803 827 3,083 795 846 857 889 3,387 873 912 931 972 3,688 Cross-border volume fees 448 496 562 524 2,030 515 5