Slide 1: Second-Quarter 2015 Financial Results Conference Call
MasterCard Incorporated Second-Quarter 2015 Financial Results Conference Call July 29, 2015 ©2015 MasterCard. Proprietary
Slide 2: Business Update
Business Update Page 2 Financial & Operational Overview Economic Update Business Highlights ©2015 MasterCard. Proprietary
Slide 3: 2nd Quarter Selected Financial Performance
2nd Quarter Selected Financial Performance ($ in millions, except per share data) Page 3 YOY Growth 2Q 15 Non-GAAP FX excl. special item* 2Q 14 Non-GAAP Adjusted Net revenue $ 2,390 $ 2,368 1% 7% Total operating expenses 1,078 985 9% 14% Operating income 1,312 1,383 (5)% 2% Operating margin 54.9% 58
Slide 4: 2nd Quarter Gross Dollar Volume (GDV)
2nd Quarter Gross Dollar Volume (GDV) ($ in billions) Page 4 Worldwide United States Rest of World 13% Growth 7% Growth 16% Growth $1,200 $1,125 $1,141 $1,000 $522 $503 $786 $777 $800 $600 $325 $331 $400 $339 $364 $622 $619 $178 $192 $200 $460 $447 $161 $172 $0 2Q 14 2Q 15 2Q 14 2Q 15 2Q 14 2Q 15 Cr
Slide 5: Processed Transactions and Cards
2nd Quarter Processed Transactions and Cards Page 5 Processed Transactions Cards 13% Growth 8% Growth 14,000 2,500 12,012 2,190 12,000 2,024 10,609 2,000 701 Transactions (in millions) 10,000 698 Cards (in millions) 1,500 8,000 6,000 1,000 4,000 1,489 1,326 500 2,000 0 0 2Q 14 2Q 15 2Q 14 2Q 15 Mast
Slide 6: 2nd Quarter Revenue
2nd Quarter Revenue ($ in millions) Page 6 2Q 14 2Q 15 $3,000 $2,500 $2,368 $2,390 $2,000 $1,500 $1,008 $1,028 $995 $1,051 $1,000 $750 $777 $392 $474 $500 $0 -$500 -$1,000 ($777) ($940) -$1,500 Domestic Cross-Border Transaction Other Rebates and Total Net Revenue Assessments Volume Fees Processing F
Slide 7: 2nd Quarter Operating Expenses
2nd Quarter Operating Expenses ($ in millions) Page 7 9%* $1,200 2Q 14 2Q 15 $1,078 10% = As-reported Growth $985 $810 $800 $731 2% $400 15% $173 $176 $81 $92 $0 General & Advertising & Depreciation & Total Operating Administrative Marketing Amortization Expenses* FX-adjusted Growth Including Acquis
Slide 8: Looking Ahead
Looking Ahead Page 8 Business update through July 21st Thoughts for 2015 • Discussion on FX • Revenue • Expenses • Tax Rate Long-Term Performance Objectives ©2015 MasterCard. Proprietary
Slide 9: Appendix A: GAAP Reconciliation
Appendix A GAAP Reconciliation ($ in millions, except per share data) 9 Three Months Ended June 30, Three Months Ended June 30, 2015 2014 Percent Increase / (Decrease) Special Special Actual Item 1 Non-GAAP Actual Actual Item 1 Non-GAAP Total operating expenses $ 1,139 $ (61) $ 1,078 $ 985 15% 6% 9%
Slide 10: Appendix B: Operating Expenses Growth GAAP Reconciliation
Appendix B Operating Expenses Growth GAAP Reconciliation Page 10 Q2 2015 Growth Rate - Increase / (Decrease) Excluding All As-Reported Special Item1 FX2 Acquisitions3 Impacts General and administrative 10% - (4)% 12% 3% Advertising and marketing 2% - (10)% - 12% Depreciation and amortization 15% - (
Slide 11: ©2015 MasterCard. Proprietary
©2015 MasterCard. Proprietary