Mastercard Incorporated · NYSE:MA
Mastercard — Investor Day (September 2014)
9 slides from Mastercard's investor day presentation, Sep 17, 2014
Slide 1: Financial Perspective - 2014 Investment Community Meeting
Martina Hund-Mejean Chief Financial Officer September 2014 Financial Perspective 2014 Investment Community Meeting ©2014 MasterCard. Proropr riietar ry y
Slide 2: Forward-Looking Statements
Forward-Looking Statements Today’s presentation may contain, in addition to historical information, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current assumptions, expectations and projectio
Slide 3: Topics for Today
Topics for Today 2014 Outlook Capital Planning M&A Activities Long-Term Outlook
Slide 4: 2014 Business Drivers
2014 Business Drivers As-Reported Processed Growth Q1 Q2 Q2 Jul / Aug Worldwide GDV 14% 13% 12% 12% US GDV 9% 9% 10% 8% Rest-of-World GDV 16% 15% 15% 15% Processed Transactions 14% 12% 12% 11% Cross-Border Volume 17% 16% 16% 15% July/August growth trends same or slightly better than previously repor
Slide 5: 2014 Financial Outlook
2014 Financial Outlook Net Revenue Full-year growth rate at the lower end of 3-year range Operating Full-year growth rate in the low teens, including Expense impact of acquisitions Tax Rate Approximately 32%, with potential for some improvement Euro and Real net neutral FX Impact Underlying local cu
Slide 6: Capital Planning - Priorities
Capital Planning _ Priorities Strong Preserve strong balance sheet, liquidity and Balance Sheet credit ratings Long-Term Investments in organic opportunities and M&A Business Growth Return Excess Cash Continue to return excess cash with bias to Shareholders towards share repurchases
Slide 7: Return of Capital - Historical Perspective
Return of Capital – Historical Perspective Share Repurchase & Dividends 4.0 Share Repurchase $ 3.5 3.5 Dividends $ 3.1 $ 0.4 3.0 $ 2.7 $ 0.3 2.5 $ 0.3 $ in billions 2.0 $1.9 $0.1 1.5 $ 2.8 $ 3.1 $ 2.4 1.0 $1.8 0.5 0.0 2012 2013 1H 2014 Through August 2014
Slide 8: M&A Strategy Execution
M&A Strategy Execution Capability Enhanced Acquisition Processing Provus, ECS Mobile Technology C-SAM Loyalty Pinpoint Personal payments HomeSend JV 2013-2015 Performance Objectives Exclude new M&A activity EPS dilution Impact of about 5 cents for both FY2014 and FY2015
Slide 9: Longer-Term
Longer-Term 2013 – 2015 Performance Objectives* Net Revenue 11-14% CAGR Growth Operating Minimum 50% annually Margin Earnings Per Share At least 20% CAGR Growth Rate * On a constant currency basis and excluding future acquisitions