Slide 1: First-Quarter 2010 Financial Results Conference Call
MasterCard Incorporated Fi First-Quarter Q 2010 Financial Results Conference Call May 4, 2010
Slide 2: First Quarter Selected Financial Performance
1st Q Quarter Selected Financial Performance ($ in millions, except per share data) 1Q 2010 1Q 2009 YOY Actual Actual Growth % Net revenue $ 1,308 $ 1,156 13.1 Total operating expenses 608 595 2.2 Operating income 700 561 24.6 Operating margin 53.5% 48.6% 4.9 ppts Net income $ 455 $ 367 23.8 Diluted
Slide 3: 1st Quarter 2010 MasterCard Branded Volume (GDV & Purchase Volume)
1st Quarter 2010 MasterCard Branded Volume (GDV & Purchase Volume) Gross Dollar Volume Purchase Volume YOY Growth % YOY Growth % $US U.S. Local $US U.S. Local billions Dollar Currency billions Dollar Currency APMEA 139 35.5 20.9 92 33.8 18.6 Canada 24 22.1 1.9 21 25.3 4.5 Europe 185 20.9 11.9 139 22
Slide 4: Revenue
1st Q Quarter Revenue ($ in millions) • Net Revenue increased 13.1%; 1Q 2009 1Q 2010 10.2% on a constant currency basis $1,375 $ 1,308 $1,175 $ , $ 1,156 • Domestic Assessments increased 6.1% $975 $775 $ 587 • Cross Border Volume Fees increased 39.0% % $ 553 $575 $ 509 $ 446 $ 436 $375 $ 321 Incenti
Slide 5: First Quarter Operating Expenses
1st Q Quarter Operating p g Expenses p ($ in millions) • Total operating expenses 1Q 2009 1Q 2010 iincreased d22.2%; 2% 00.5% 5% on a constant currency basis $800 $700 • G&A increased 2.1% primarily $ 595 $ 608 due to: $600 • Increased personnel costs, up $500 $ 448 $ 458 2.9% $400 • Foreign currenc
Slide 6: 1st Quarter 2010 Cash Flow Statement and Balance Sheet Highlights
1st Quarter 2010 Cash Flow Statement and d Balance B l Sh Sheett Highlights Hi hli ht • Generated $95 million in cash flow from operations for the quarter ended 3/31/2010 • Cash, cash equivalents and other liquid investments of $3 $3.3 3 billion at 3/31/2010 6
Slide 7: Thoughts for 2010
Thoughts for 2010 • Net Revenue • Total Operating Expenses – General & Administrative – Advertising & Marketing • Tax rate • Operating margin and net income growth 7
Slide 8: MasterCard Worldwide
MasterCard Worldwide The Heart of Commerce”