Visa Inc. · NYSE:V
Visa — Merger or Acquisition (July 2010)
8 slides from Visa's merger presentation, Jul 21, 2010
Slide 1: Visa Inc. Completes Acquisition of CyberSource
Exhibit 99.2 Visa Inc. Completes Acquisition of CyberSource July 21, 2010 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements • Certain statements contained in this presentation 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” create
Slide 3: Transaction Overview
Transaction Overview On July 21, 2010 Visa completed its acquisition of CyberSource for $26.00 per share, or a total of approximately $2.0 billion, to be paid with cash on hand Management • Michael Walsh, CyberSource President and CEO, will continue to manage the business • William McKiernan, Execut
Slide 4: CyberSource at a Glance
CyberSource at a Glance A Payment Management Company • Global Processing – Multiple payment brands • Fraud Management • Payment Security Management Global Operations Blue Chip Customer / Partner Base Enterprise • Approximately 300,000 customers (CyberSource solution) • Approximately 4,700 active Cha
Slide 5: Payments – Fraud Management – Payment Security
Acquirers & Payment Processors Fraud Detection Services Payment Security Services Services Connections & Integration Payments – Fraud Management – Payment Security Virtual Payment Workflow Automation & Intelligence Data Storage Merchant • Multi-type • Systematic Fraud • Split Shipments • Reversals/C
Slide 6: Strategic Aspirations for 2015
Strategic Aspirations for 2015 Aspiration By 2015, Visa will… Accelerate electronification Reach X% payments volume share of global PCE Diversify Generate 50% of revenue from outside U.S. geographically Embed processing Ensure X% of all our transactions are processed on VisaNet Enter new Drive X% of
Slide 7: Strategic Rationale
Strategic Rationale Combined assets will support Visa’s long-term eCommerce growth by: • Accelerating category growth and driving use of Visa core payment products online • Using Visa’s infrastructure and client relations to drive global expansion and global payment reach • Building on CyberSource’s
Slide 8: Financial Considerations
Financial Considerations Financing Approach • Financed from available cash supported by strong free cash flow Premium Paid • Consistent with high-growth tech companies • Significant goodwill and intangibles Expected Dilution Impact • Approximately 4-5¢ in Q4 fiscal 2010 • Slightly dilutive in fiscal