Slide 1: MasterCard Incorporated First-Quarter 2009 Financial Results Conference Call
Exhibit 99.2 MasterCard Incorporated First-Quarter 2009 Financial Results Conference Call May 1, 2009
Slide 2: Business Update
Business Update • Economic Overview • Business Update • Legal & Regulatory Update 2
Slide 3: 1st Quarter Selected Financial Performance
1st Quarter Selected Financial Performance ($ in millions, except percentages and per share data) 1Q 2008 YOY 1Q 2009 Non-GAAP adjusted Actual incl. special items* Growth % Net revenue $ 1,156 $ 1,182 (2.2) Total operating expenses 595 666 (10.8) Operating income 561 516 8.9 Operating margin 48.6% 4
Slide 4: 1st Quarter 2009 MasterCard Branded Volume (GDV & Purchase Volume)
1st Quarter 2009 MasterCard Branded Volume (GDV & Purchase Volume) Gross Dollar Volume Purchase Volume YOY Growth % YOY Growth % $US U.S. Local $US U.S. Local billions Dollar Currency billions Dollar Currency APMEA 103 2.4 16.1 69 0.8 15.0 Canada 19 (19.7) (0.3) 17 (17.9) 1.9 Europe 153 (16.1) 3.9 1
Slide 5: 1st Quarter Revenue
1st Quarter Revenue ($ in millions) $1,350 • Net Revenue declined 2.2%, but $1,182 grew 1.8% on a constant $1,156 currency basis $1,100 $850 • Domestic Assessments decreased 2.1% $565 $600 $553 $407 $436 • Cross Border Volume Fees $350 $362 $321 declined 11.3% $164 $183 $100 • Transaction Processing
Slide 6: 1st Quarter Operating Expenses
1st Quarter Operating Expenses ($ in Millions) • Total operating expenses $500 decreased 10.8%, from $666 to $462 $448 $595 • G&A decreased 3.0% to $448 $400 primarily due to: – Cost-reduction initiatives to $300 reduce travel, personnel and professional fees – Included severance charges of $200 $18
Slide 7: 1st Quarter 2009 Cash Flow Statement and Balance Sheet Highlights
1st Quarter 2009 Cash Flow Statement and Balance Sheet Highlights Generated $416 million in cash flow from operations for the quarter ended March 31, 2009 Cash, cash equivalents and current available-for-sale securities of $2.3 billion at March 31, 2009 M&A activities – Joint venture with Accor for
Slide 8: Items for Consideration and 1st Quarter 2009 Business Highlights
Items for Consideration and 1st Quarter 2009 Business Highlights • Thoughts for 2009 – Net revenue growth expected to be lower than longer-term objective range – Operating expenses expected to be flat to slightly down versus 2008 levels, including impact of all severance charges • Business Highlight
Slide 9: MasterCard Worldwide
MasterCard Worldwide The Heart of Commerce”
Slide 10: Appendix: GAAP Reconciliations
Appendix: GAAP Reconciliations ($ in millions, except per share data) Three Months Ended March 31, 2008 Special Non - Actual Item GAAP Other income (expense), net $ 74 $ 75 (a) $ (1) Total other income 173 75 98 Income before income taxes 689 75 614 Income taxes 242 26 216 Net Income $ 447 $ 49 $ 39