Visa Inc. · NYSE:V
Visa — Shareholder Meeting (January 2010)
11 slides from Visa's shareholder meeting presentation, Jan 20, 2010
Slide 1: Visa Inc. 2010 Annual Meeting of Stockholders
Visa Inc. 2010 Annual Meeting of Stockholders January 20, 2010 Joe Saunders Chairman and Chief Executive Officer
Slide 2: Safe Harbor Reminder
Safe Harbor Reminder • Certain statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by
Slide 3: Overview - Fiscal Year 2009
Overview - Fiscal Year 2009 • Adjusted net income of $2.4 billion What We Are Not • Adjusted diluted earnings per share of $3.23 • Net operating revenue of $6.9 billion • Payments volume on 1.7 billion Visa branded cards of $2.7 trillion • Processed transaction growth of 8% to 40 billion • Reduced e
Slide 4: Payments Volume – Fiscal Year 2009
Payments Volume – Fiscal Year 2009 US$ in billions, nominal Twelve Months ended June 2008 $2,680 $2,654 2009 U.S. U.S. $1,621 $1,736 $1,689 $1,611 U.S. U.S. $832 $785 $990 $918 ROW ROW U.S. U.S. $1,043 $1,058 ROW ROW $780 $837 $904 $905 ROW $138 ROW $153 Total Visa Inc. Credit Debit YOY Change 1% (3
Slide 5: Transactions – Fiscal Year 2009
Transactions – Fiscal Year 2009 in millions Twelve Months Ended June Twelve Months ended September 59,205 2008 53,684 2009 Credit Credit 40% 38% 39,013 39,885 36,012 36,957 Debit Debit 60% 62% Total Transactions Processed Transactions Processed Transactions YOY Change 10% 8% 8% Note: Processed trans
Slide 6: Revenue Detail – Fiscal Year 2009
Revenue Detail – Fiscal Year 2009 US$ in millions $6,911 $6,263 $3,061 $3,174 $2,430 $2,073 $1,916 $1,721 $569 $625 Net Operating Service Data International Other Revenues Revenues Processing Transaction Revenues Revenues Revenues YOY Change 10% 4% 17% 11% 10% 6
Slide 7: Adjusted Operating Margin – Fiscal Year 2009
Adjusted Operating Margin – Fiscal Year 2009 US$ in millions 2008 2009 53% $6,911 $6,263 46% $3,673 $3,366 $3,238 $2,897 Operating Margin Net Operating Total Operating Operating Income Revenues Expenses YOY Change 7 ppts 10% (4%) 27% 7
Slide 8: New Ways to Pay
New Ways to Pay Prepaid eCommerce • Variety of prepaid products globally • eCommerce sales of $464B in 2008 e.g. consumer, corporate/governments • ~6% of consumer spend on healthcare eCommerce platform • U.S - $1T opportunity • Globally - $543B opportunity2 • Globally - $3T+ opportunity1 Mobile Mone
Slide 9: Financial Metrics for Fiscal Year 2010
Financial Metrics for Fiscal Year 2010 Lower end of Annual net revenue growth 11-15% range Annual diluted class A common stock 20% + earnings per share growth Annual free cash flow $2 billion + 9
Slide 10: Maximized Stockholder Value
Free Cash Flow Will Fund Future Growth and Return Cash to Stockholders Return Excess Cash Grow Core Business to Stockholders • Capture secular growth • Dividends • Fund new products • Share repurchases • Pursue selective acquisitions Maximized Stockholder Value 13
Slide 11: Visa Inc. 2010 Annual Meeting of Stockholders
Visa Inc. 2010 Annual Meeting of Stockholders January 20, 2010 Joe Saunders Chairman and Chief Executive Officer