Slide 1: MasterCard Incorporated Third-Quarter 2009 Financial Results Conference Call
Exhibit 99.2 MasterCard Incorporated Third-Quarter 2009 Financial Results Conference Call November 3, 2009
Slide 2: Business Update
Business Update • Economic Overview • Business Trends – SpendingPulse – October Operational Performance 2
Slide 3: 3rd Quarter Selected Financial Performance
3rd Quarter Selected Financial Performance ($ in millions, except percentages and per share data) 3Q 2009 3Q 2008 YOY 3Q 2009 Non-GAAP Non-GAAP Non-GAAP Actual excl. special items* excl. special items* Growth % Net revenue $ 1,364 $ 1,364 $ 1,338 2.0 Total operating expenses 691 685 790 (13.3) Opera
Slide 4: 3rd Quarter 2009 MasterCard Branded Volume (GDV & Purchase Volume)
3rd Quarter 2009 MasterCard Branded Volume (GDV & Purchase Volume) Gross Dollar Volume Purchase Volume YOY Growth % YOY Growth % $US U.S. Local $US U.S. Local billions Dollar Currency billions Dollar Currency APMEA 127 15.4 18.2 86 13.6 16.2 Canada 24 (10.2) (5.2) 22 (7.9) (2.7) Europe 190 (9.7) 0.2
Slide 5: 3rd Quarter Revenue
3rd Quarter Revenue ($ in millions) • Net Revenue increased 2.0%, 3Q 2008 3Q 2009 and grew 3.9% on a constant $1,650 currency basis $1,450 $1,338 $1,364 • Domestic Assessments $1,250 decreased 1.3% $1,050 $850 • Cross Border Volume Fees declined 9.6% $650 $611 $603 $546 $469 $450 $427 $386 • Transac
Slide 6: 3rd Quarter Operating Expenses
3rd Quarter Operating Expenses ($ in millions) • Total operating expenses 3Q 2008 3Q 2009 decreased 13.3%, excluding $790 special items* $800 $685 • G&A, including severance of $31, $700 decreased 7.9% primarily due to: $600 • Lower professional fees $515 $500 $474 • T&E cost-reduction initiatives $
Slide 7: 3rd Quarter 2009 Cash Flow Statement and Balance Sheet Highlights
3rd Quarter 2009 Cash Flow Statement and Balance Sheet Highlights • Generated $316 million in cash flow from operations for the quarter ended 09/30/2009 • Cash, cash equivalents and current available-for-sale securities of $2.9 billion at 09/30/2009 • Executed $335 million prepayment to settle remai
Slide 8: Items for Consideration and 3rd Quarter Business Highlights
Items for Consideration and 3rd Quarter Business Highlights • Thoughts for Q4 and full-year 2009 – Net Revenue – Operating Expenses General & Administrative Advertising & Marketing – Tax Rate • Business Highlights for the third quarter 2009 8
Slide 9: MasterCard Worldwide
MasterCard Worldwide The Heart of Commerce”
Slide 10: Appendix A: GAAP Reconciliations
Appendix A: GAAP Reconciliations ($ millions except percentages and per share data) Three Months ended September 30, 2009 Three Months ended September 30, 2008 Special Actual Items Non -GAAP Actual Special Item Non -GAAP Litigation settlements $ 6 $ (6) a $ - $ 828 $ (828) a $ - Total operating expe
Slide 11: Appendix A (cont.): GAAP Reconciliations
Appendix A (cont.): GAAP Reconciliations Reconciliation to Effective Tax Rate Non Actual GAAP Effective Special Non- Effective (In millions, except percentages) Actual Tax Rate Item GAAP Tax Rate Three months ended September 30, 2008: Income (loss) before income taxes $ (294) 34.1% $ 828 $ 534 39.7%