Slide 1: MasterCard Incorporated Second-Quarter 2009 Financial Results Conference Call
Exhibit 99.2 MasterCard Incorporated Second-Quarter 2009 Financial Results Conference Call July 30, 2009
Slide 2: Business Update
Business Update • Legislative Update • Economic Overview • Business Trends 2
Slide 3: 2nd Quarter Selected Financial Performance
2nd Quarter Selected Financial Performance ($ in millions, except percentages and per share data) 2Q 2009 2Q 2008 YOY 2Q 2009 Non-GAAP Non-GAAP Non-GAAP Actual excl. special items* excl. special items* Growth % Net revenue $ 1,280 $ 1,280 $ 1,247 2.7 Total operating expenses 723 722 830 (13.0) Opera
Slide 4: 2nd Quarter 2009 MasterCard Branded Volume (GDV & Purchase Volume)
2nd Quarter 2009 MasterCard Branded Volume (GDV & Purchase Volume) Gross Dollar Volume Purchase Volume YOY Growth % YOY Growth % $US U.S. Local $US U.S. Local billions Dollar Currency billions Dollar Currency APMEA 114 7.5 17.4 77 6.0 16.3 Canada 23 (16.6) (3.4) 20 (15.5) (2.2) Europe 173 (15.5) 2.1
Slide 5: 2nd Quarter Revenue
2nd Quarter Revenue ($ in millions) • Net Revenue increased 2.7%, and grew 7.0% on a constant $1,350 currency basis $1,247 $1,280 $1,100 • Domestic Assessments decreased 2.2% $850 $599 $586 $600 $503 • Cross Border Volume Fees $384 $439 declined 9.4% $348 $350 $190 $187 • Transaction Processing Fees
Slide 6: 2nd Quarter Operating Expenses
2nd Quarter Operating Expenses ($ in Millions) • Total operating expenses decreased 13.0%, excluding special items* $600 • G&A, including severance charge of $51, $521 $506 decreased 2.9% primarily due to: $500 • Lower professional fees • Cost-reduction initiatives to reduce travel $400 • Foreign cu
Slide 7: 2nd Quarter 2009 Cash Flow Statement and Balance Sheet Highlights
2nd Quarter 2009 Cash Flow Statement and Balance Sheet Highlights • Generated $362 million in cash flow from operations for the quarter ended June 30, 2009 • Cash, cash equivalents and current available-for-sale securities of $2.7 billion at June 30, 2009 • Prepayment of $335 million to settle remai
Slide 8: Items for Consideration and 2nd Quarter Business Highlights
Items for Consideration and 2nd Quarter Business Highlights • Thoughts for full-year 2009 • Performance objectives for the 2009 - 2011 period • Business Highlights for the second quarter 2009 8
Slide 9: MasterCard Worldwide: The Heart of Commerce
MasterCard Worldwide The Heart of Commerce”
Slide 10: Appendix A: GAAP Reconciliations
Appendix A: GAAP Reconciliations ($ millions except per share data) Three Months ended June 30, 2009 Three Months ended June 30, 2008 Actual Special Non -GAAP Actual Special Non -GAAP Item Item Litigation settlements $ 1 $ (1) a $ - $ 1,649 $ (1,649) a $ - Total operating expenses 723 (1) 722 2,480
Slide 11: Appendix A (cont.): GAAP Reconciliations
Appendix A (cont.): GAAP Reconciliations Reconciliation to Effective Tax Rate for the American Express Litigation Settlement Non- Actual GAAP Effective Special Non- Effective (In millions, except percentages) Actual Tax Rate Item GAAP Tax Rate Three months ended June 30, 2008: Income (loss) before i