Slide 1: Fourth-Quarter and Full-Year 2014 Financial Results Conference Call
MasterCard Incorporated Fourth-Quarter and Full-Year 2014 Financial Results Conference Call January 30, 2015 ©2015 MasterCard. Proprietary
Slide 2: Business Update
Business Update Page 2 Financial & Operational Overview Economic Update Business Highlights ©2015 MasterCard. Proprietary
Slide 3: 4th Quarter Selected Financial Performance
4th Quarter Selected Financial Performance ($ in millions, except per share data) Page 3 YOY Growth 4Q 13 As Non-GAAP Reported FX 4Q 14 excl. special item * excl. special item * Adjusted Net revenue $ 2,416 $ 2,126 14% 17% Total operating expenses 1,398 1,111 26% 29% Operating income 1,018 1,015 0%
Slide 4: 4th Quarter Gross Dollar Volume (GDV)
4th Quarter Gross Dollar Volume (GDV) ($ in billions) Page 4 Worldwide United States Rest of World 13% Growth 8% Growth 15% Growth $1,200 $1,172 $1,105 $1,000 $530 $485 $824 $782 $800 $316 $348 $600 $400 $324 $348 $621 $642 $169 $182 $466 $476 $200 $155 $166 $0 4Q 13 4Q 14 4Q 13 4Q 14 4Q 13 4Q 14 Cr
Slide 5: Processed Transactions and Cards
4th Quarter Processed Transactions and Cards Page 5 Processed Transactions Cards 11% Growth 9% Growth 14,000 2,140 2,000 1,970 12,000 11,562 10,372 703 705 Transactions (in millions) 10,000 1,500 Cards (in millions) 8,000 1,000 6,000 1,437 4,000 1,265 500 2,000 0 0 4Q 13 4Q 14 4Q 13 4Q 14 MasterCard
Slide 6: 4th Quarter Revenue
4th Quarter Revenue ($ in millions) Page 6 4Q 13 4Q 14 $3,000 $2,500 $2,416 $2,126 $2,000 $1,500 $972 $1,018 $949 $1,063 $1,000 $730 $774 $400 $495 $500 $0 -$500 -$1,000 ($925) ($934) -$1,500 Domestic Cross-Border Transaction Other Rebates and Total Net Revenue Assessments Volume Fees Processing Fee
Slide 7: 4th Quarter Operating Expenses
4th Quarter Operating Expenses ($ in millions) Page 7 $1,600 4Q 13 4Q 14 $1,398 $1,200 $1,111 $977 $800 $719 $321 $337 $400 $71 $84 $0 General Advertising Depreciation Total & & & Operating Administrative Marketing Amortization Expenses* As-reported 36% 5% 19% 26%* FX-adjusted 38% 9% 19% 29%* Note:
Slide 8: Looking Ahead
Looking Ahead Page 8 Business update through January 21 Thoughts for 2015 • Discussion on FX • Revenue • Expenses • Tax Rate Long-Term Performance Objectives ©2015 MasterCard. Proprietary
Slide 9: ©2015 MasterCard. Proprietary
©2015 MasterCard. Proprietary
Slide 10: Impact of Various Items on Financial Results
Appendix A Impact of Various Items on Financial Results Page 10 Q4 2014 - Increase / (Decrease) As 2013 Tax Excluding All Reported MDL Accrual1 Non-GAAP Restructuring2 Reorganization3 Acquisitions4 Impacts Net revenue growth 14% — 14% — — 3% 11% Total operating expense growth 16% (10)% 26% 8% — 9% 1