Slide 1: First-Quarter 2015 Financial Results Conference Call
©2015 MasterCard. Proprietary MasterCard Incorporated First-Quarter 2015 Financial Results Conference Call April 29, 2015
Slide 2: Business Update
©2015 MasterCard. Proprietary Business Update Financial & Operational Overview Economic Update Business Highlights Page 2
Slide 3: 1st Quarter Selected Financial Performance
©2015 MasterCard. Proprietary 1st Quarter Selected Financial Performance ($ in millions, except per share data) 1Q 15 1Q 14 Net revenue 2,230$ 2,172$ 3% 8% Total operating expenses 879 887 (1)% 3% Operating income 1,351 1,285 5% 12% Operating margin 60.6% 59.2% 1.4 ppts 2.0 ppts Net income 1,020$ 87
Slide 4: 1st Quarter Gross Dollar Volume (GDV)
©2015 MasterCard. Proprietary 1st Quarter Gross Dollar Volume (GDV) ($ in billions) Notes: 1. Growth rates are shown in local currency 2. Figures may not sum due to rounding $573 $574 $144 $152 $429 $422 $471 $489 $174 $187 $298 $302 $0 $200 $400 $600 $800 $1,000 $1,200 1Q 14 1Q 15 1Q 14 1Q 15 1Q 14
Slide 5: 1st Quarter Processed Transactions and Cards
©2015 MasterCard. Proprietary 1st Quarter Processed Transactions and Cards Cards 8% Growth Note: Figures may not sum due to rounding 1,295 1,452 699 698 0 500 1,000 1,500 2,000 1Q 14 1Q 15 C ar ds (i n m ill io ns ) MasterCard Cards Maestro Cards 1,994 9,849 11,035 0 2,000 4,000 6,000 8,000 10,000 1
Slide 6: 1st Quarter Revenue
©2015 MasterCard. Proprietary $938 $695 $936 $341 ($738) $2,172 $963 $724 $1,006 $418 ($881) $2,230 -$1,500 -$1,000 -$500 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 Domestic Assessments Cross-Border Volume Fees Transaction Processing Fees Other Revenues Rebates and Incentives Total Net Revenue 1Q 14
Slide 7: 1st Quarter Operating Expenses
©2015 MasterCard. Proprietary $665 $149 $73 $887 $650 $142 $87 $879 $0 $400 $800 $1,200 General & Administrative Advertising & Marketing Depreciation & Amortization Total Operating Expenses 1Q 14 1Q 15 1st Quarter Operating Expenses ($ in millions) (2)% (4)% 18% (1)% As-reported 3% FX-adjusted 1% 3%
Slide 8: Looking Ahead
©2015 MasterCard. Proprietary Looking Ahead Business update through April 21st Thoughts for 2015 Long-Term Performance Objectives • Discussion on FX • Revenue • Expenses • Tax Rate Page 8
Slide 9: ©2015 MasterCard. Proprietary
©2015 MasterCard. Proprietary
Slide 10: Appendix A: P&L Impact of Revision of Prepaid Program Mgmt Fees
©2015 MasterCard. Proprietary Page 10 Appendix A P&L Impact of Revision of Prepaid Program Mgmt Fees Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Gross revenues 2,563 2,750 2,924 3,051 11,288 2,910 3,145 3,339 3,350 12,744 Rebates and incentives (contra-revenues) (662) (664) (716) (934) (2,976) (738) (777) (849) (