Slide 1: MasterCard's Acquisition of VocaLink Conference Call
MasterCard’s Acquisition of VocaLink Conference Call July 21, 2016
Slide 2: Forward-Looking Statements
Forward‐Looking Statements Statements in this presentation which are not historical facts are forward‐looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this presentation, the word “expect” and similar words are intended to identif
Slide 3: Acquisition of VocaLink by MasterCard
Acquisition of VocaLink by MasterCard • VocaLink operates world‐class payments clearing systems and ATM switching platforms in several countries • Acquisition price of about ₤700 million (approximately US$ 920 million) – Financed from MasterCard’s available cash • Expected closing within 3‐12 months
Slide 4: VocaLink Overview
VocaLink Overview • Provides the technology that drives the majority of electronic payments in the UK • BACS ACH payment system Leading Service • Real-time Faster Payments Service Provider • LINK ATM Network • Expanding foundation to develop payment solutions in other countries, such as US, Sweden a
Slide 5: Strategic Rationale
Strategic Rationale • Allows MasterCard to go after a wider range of payment flows, particularly in the B2B and P2P areas – ACH currently represents about 50% of all consumer, business and government payments in the world’s top 50 countries • Helps MasterCard to play a more valuable role in the UK p
Slide 6: Financial Considerations
Financial Considerations • MasterCard to acquire 92.4% of VocaLink for about £700 million (approx. US$920 million), with existing shareholders retaining the remaining 7.6% for at least 3 years – Potential earn‐out of up to £169 million (approx. US$ 220 million), based on certain performance targets
Slide 7: ©2016 MasterCard. Proprietary
7 ©2016 MasterCard. Proprietary