Mastercard Incorporated · NYSE:MA
Mastercard — Investor Day (September 2010)
106 slides from Mastercard's investor day presentation, Sep 15, 2010
Slide 1: Investment Community Meeting
Investment Community Meeting MasterCard Incorporated Exhibit 99.1
Slide 2: Agenda
8:30 a.m. Welcome Barbara Gasper 8:35 a.m. Opening Remarks Bob Selander 8:45 a.m. Strategic Discussion Ajay Banga 9:05 a.m. Product & Solutions Overview Gary Flood 9:20 a.m. Core Products Tim Murphy 9:40 a.m. Emerging Payments Ed McLaughlin 10:00 a.m. Break 10:20 a.m. U.S. Markets Chris McWilton 10:
Slide 3: 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 projections about future events whic
Slide 4: Change through Innovation
Investment Community Meeting Change through Innovation Bob Selander Executive Vice Chairman
Slide 5: MasterCard's Transformation Over the Last Decade
MasterCard’s Transformation Over the Last Decade We faced challenges... ...and responded with innovative & competitive solutions • Strengthened brands and marketing • Launched Priceless Weak Brands • Rewrote core systems • Developed Competitively Advantaged Offerings Dated Technology • Created custo
Slide 6: Learning by Innovating
Learning by Innovating We made mistakes along the way • Mondex • Debit in the U.S. We learned lessons that made us more successful • Listen to customers • A global, top-down approach doesn’t always work • Importance of planning for different scenarios
Slide 7: Trends present both challenges & opportunities
Trends present both challenges & opportunities Evolving Industry and Environment We continue to deliver innovative solutions • Mobile phone initiatives • MoneySend • inControl • Transformation of payments • New customers • New competition • Nationalism/regulation • Demographic trends • Secular trend
Slide 8: Summary
Summary Our innovative approach... Whether in the strategic business decisions we’ve made over the last decade or the competitive solutions we’ve introduced in recent months ...will continue to drive momentum across our business.
Slide 9: Looking to the Future
Investment Community Meeting Looking to the Future Ajay Banga President and Chief Executive Officer
Slide 10: MasterCard Today
MasterCard Today Unified, global presence Increasingly differentiated assets Challenging environment Strong financial performance Significant growth potential
Slide 11: Key Trends Creating Opportunities in the War on Cash
Key Trends Creating Opportunities in the “War on Cash” Growing affluent and middle class Ongoing increase in acceptance Growing importance of youth Financial inclusion Continued urbanization 8-10% Market Growth
Slide 12: Other Trends Presenting Opportunities and Challenges
Other Trends Presenting Opportunities and Challenges New Technologies New Entrants into Payments Increasing Role of Governments
Slide 13: MasterCard Strategy: Looking to the Future
MasterCard Strategy: Looking to the Future Growth will come through both displacement of cash and checks and increased market share. + = 8-10% Market Growth 3-5% Growth from Strategic Investments Low to Mid-Teens Long-Term Net Revenue Growth
Slide 14: Strategy Enables Future Growth
Strategy Enables Future Growth Credit Debit Processing • Segmented offerings and product enhancements • New geographies and customers • Reinforce strong position outside U.S. • Increase U.S. market share profitably • Public sector, corporate and consumer reloadable • Grow market share • Domestic pro
Slide 15: Strategy Enables Future Growth
Strategy Enables Future Growth Geographies Customers • Invest disproportionately in high growth markets • Grow acceptance, channels, processing Relationships with: • Merchants • Telcos • Governments • Transit Operators
Slide 16: Strategy Enables Future Growth
Strategy Enables Future Growth Information Services MasterCard Labs • Ideate, incubate and test new ideas • Monetize information through diversified channels • Enhance merchant services e-Commerce & Mobile • Drive faster than market growth • Partner and build payments infrastructure in emerging mark
Slide 17: Acquisitions Play a Role in the Strategy
Acquisitions Play a Role in the Strategy DataCash fits our acquisition criteria well • Drive e-Commerce growth in tandem with acquiring relationships • Expand DataCash and MiGS gateway products beyond Europe and Asia/Pacific • Enhance fraud management expertise • Deliver new products with minimal me
Slide 18: Striking the right global / local balance
Striking the right global / local balance Sharpening our competitive edge through: • Innovation • Thoughtful risk taking • Speed to market Driving Strategy Execution
Slide 19: Global Products & Solutions
Investment Community Meeting Global Products & Solutions Gary Flood President, Global Products & Solutions
Slide 20: Optimizing Solutions for Growth
Advisory Services Processing Core Products Marketing MasterCard Labs Emerging Payments Optimizing Solutions for Growth Advisory Services Processing Core Products Marketing MasterCard Labs Emerging Payments
Slide 21: Global Opportunity to Displace Cash and Checks
Global Opportunity to Displace Cash and Checks 85% of the world’s transactions are still done in Cash 2.5 billion adults worldwide are unbanked Over $1.7 trillion Commercial opportunity globally by 2015 4.6 billion Mobile Phones globally, with just 10% smart phone penetration Global consumer Check v
Slide 22: Strategic Pillars
Strategic Pillars 8-10% Market Growth 3-5% Strategic Investments Low to Mid-Teens Long-Term Net Revenue Growth
Slide 23: Sustainable Differentiation Requires Continuous Innovation
Today Near-Term Longer-Term Sustainable Differentiation Requires Continuous Innovation Differentiated assets provide leverage • Integrated Solutions • Unified Global Entity • Network Response and Flexibility • inControl • Advisory Services • Data Analytics • Smart Data Innovation supported by key st
Slide 24: Processing Creates Value
Processing Creates Value MasterCard Worldwide Network Unique • Central & Distributed Network • 99.999% Global Availability • Fastest Global Network New Channels • Mobile • Transit Local • Domestic Processing • Currency • Rules Value-Add • inControl • Rewards e-Commerce Real-time Risk Scoring Extende
Slide 25: Advisory Services
Advisory Services Solving Needs & Driving Growth Leveraging: • Data • Insights • Payments Expertise • Problem-Solving Skills Three lines of business: • Consulting • Information • Managed Services
Slide 26: Marketing Strategy Corresponds to Market Evolution
Brand Preference Brand Awareness Marketing Strategy Corresponds to Market Evolution Brand Preference Brand Awareness • Consumer & merchant education and awareness • Acceptance development • Issuance support • Infrastructure/business model • Fully integrated marketing • Product innovation • Consumer
Slide 27: Australia: Targeting Gen Y to Drive Debit
Australia: Targeting Gen Y to Drive Debit Australian debit volume increased 89% Top of wallet behavior more than doubled among the target demographic Note: 1. YOY results as of Q1 2010; 2. Q1 2010 vs. Q1 2008
Slide 28: Understanding Debit
Understanding Debit <Play Video>
Slide 29: Global Products & Solutions Powering MasterCard's Growth
Global Products & Solutions Powering MasterCard’s Growth Tremendous opportunities exist Innovation and differentiation are critical A global strategy with market- level insight , alignment and flawless execution drive success
Slide 30: Driving Growth at the Core: Credit, Debit, Prepaid
Investment Community Meeting Driving Growth at the Core: Credit, Debit, Prepaid Tim Murphy Chief Product Officer, Core Products
Slide 31: Credit: Core to Our Growth
Credit: Core to Our Growth Volumes stabilizing in the US; growth in ROW Partnerships / assets for the Affluent Consumer-centric value propositions Commercial payments Focused on: 2Q10 YOY Growth US: -1.5% ROW: 9.8% Leading innovation in product and card design
Slide 32: Credit: Differentiation for the Affluent
The Right Partnerships Relevant Products Innovative Design Credit: Differentiation for the Affluent Turkish Airlines Aeroflot (Russia) BBVA Black Itau Black Chase Continental OnePass
Slide 33: Commercial Credit: Substantial Opportunity
Commercial Credit: Substantial Opportunity in Commercial 2Q10 YOY Growth US: 4.3% ROW: 14.1% Fastest growing segment in credit Gaining share in Europe, pursuing greenfield opportunities in APMEA and LAC Leveraging differentiated product assets Lufthansa Miles & More
Slide 34: Recent US Financial Regulation: Impact on Debit
• Debit economics • Network exclusivity • Discounts at POS • Credit min / max Recent US Financial Regulation: Impact on Debit Impacts Opportunities • Brand sales in light of network exclusivity • Prepaid for financial inclusion
Slide 35: Debit: Driving Growth in Local Markets
Debit: Driving Growth in Local Markets Winning profitable deals in key markets Winning domestic switching Accelerating cash conversion Focused on: 2Q10 YOY Growth US * : 0.8% / 21.0% ROW: 28.7% Significant and sustained growth around the world Leveraging country-level strategies, well positioned in
Slide 36: Debit: Being Local is Key to Winning Business
Debit: Being Local is Key to Winning Business India State Bank of India Created customized offering to largest bank in India Europe TEB (Turkish Economy Bank) Display Card Next generation debit card
Slide 37: Prepaid: Capturing the Global Opportunity
Prepaid: Capturing the Global Opportunity Public Sector Corporate Consumer Reloadable Large & quickly growing global opportunity IPS provides a robust prepaid issuer processing solution across all categories Focused on three verticals:
Slide 38: Prepaid: Leveraging Value
Prepaid: Leveraging Value Public Sector Direct Express ® Debit MasterCard ® Gives recipients faster access to their funds and saves taxpayer dollars Consumer Travelex and Bank of China World’s largest distributor of foreign currency prepaid cards
Slide 39: Summary
Summary Growth at the core continues... Credit in focus and generating momentum Debit growth continues in US and around the world Prepaid is the next generation opportunity
Slide 40: Growth through Innovation
Investment Community Meeting Growth through Innovation Ed McLaughlin Chief Emerging Payments Officer
Slide 41: Past, Present & Future State
Past, Present & Future State A strong global network and brand with robust assets / applications Building infrastructures and enhancing consumer experiences around the world Facilitating commerce by driving growth in new markets and segments Who we are What we are working on Where we are going
Slide 42: Accelerating e-Commerce
Accelerating e-Commerce Rapid adoption of the Internet continues to bolster online sales Brand loyalty, security and convenience drive growth • Infrastructure : Gateways, payment options, fraud tools • Consumer Engagement : Maestro online, MasterCard MarketPlace, social media Focused on: 3% 18% 45%
Slide 43: Transitioning to Mobility
• Infrastructure : Contactless, Mobile Payments Gateway • Consumer Application : PayPass , MoneySend, inControl alerts, API and Apps Focused on: Transitioning to Mobility Source: Arthur D. Little, 2009 Mobile phones… Ubiquitous part of consumers’ daily lives Innovation platform through a partnership
Slide 44: Mobile Momentum
Mobile Momentum MasterCard introduces Mobile Payments Gateway, an m-wallet platform linking MasterCard cards First Mobile PayPass Tag pilot in Canada First Market Trial of Personalized NFC-Enabled Mobile Phones 200 phones payment pilot in partnership with ViVOtech Fully-integrated on-demand person-t
Slide 45: Enabling Transit Payments
Enabling Transit Payments High volume, faster than cash but current systems are cumbersome and inconvenient Transit is an anchor for everyday spend • Infrastructure : Transit gateway, open loop network • Consumer Experience : PayPass , prepaid, mobile integration Focused on:
Slide 46: Summary
Summary Driving growth in emerging markets, devices and segments Leveraging and expanding our infrastructure Enhancing consumer experience through mobility, access and personalization
Slide 47: US Markets
US Markets Investment Community Meeting Chris McWilton President, US Markets
Slide 48: US Markets
US Markets Winning deals in the fast-growing Debit space has created excellent momentum for US Debit Well positioned for the impact of the financial reform legislation Engaging with non-traditional customers: governments, merchants, telcos, others to grow revenue
Slide 49: Significant Momentum - Game On!
Significant Momentum – “Game On!”
Slide 50: Strategy to Address Recent US Legislation
Strategy to Address Recent US Legislation Ensure Fed has a well-informed view Leverage advantages of MasterCard signature and PIN debit offerings Provide financial institutions with new solutions Merchant focused innovation
Slide 51: Non-Traditional Customers
Non-Traditional Customers Engaging with merchants, governments, telcos and other players New U.S. Business Development function devoted to non-traditional players
Slide 52: Current Customer Priorities
Current Customer Priorities Seeking to replace or enhance revenue streams Optimizing portfolio economics Complying with regulation and managing uncertainty
Slide 53: US Strategic Priorities: Debit
Source: Euromonitor Debit Opportunity • More than half of the market is still using paper • Economic downturn causing consumer shift to Debit • Regulation driving change in competitive landscape Strategic Imperatives • Leverage strong momentum • Drive product innovation and demonstrate differentiate
Slide 54: US Strategic Priorities: Prepaid
Source: Boston Consulting Group Prepaid US Strategic Priorities Opportunity •Will represent a $442B market by 2017E •Regulation driving the unbanked to Prepaid •Adjunct to our Debit business Strategic Imperatives •Build already strong presence in corporate, public sector and consumer reloadable vert
Slide 55: US Strategic Priorities: Credit
Source: Economic Intelligence Unit Credit US Strategic Priorities Opportunity • Favorably positioned with secular trends • Credit cards accounted for one-fifth of PCE in 2009 • Regulation will drive product innovation Strategic Imperatives • Protect and grow core Credit • Leverage consumer insights
Slide 56: US Strategic Priorities: e-Commerce
e-Commerce US Strategic Priorities Opportunity • Double-digit growth in online sales despite tepid overall retail sales growth • US accounts for more than 30% of all global e-Commerce volume Strategic Imperatives • Grow share of online card spend ahead of the market • Partner with targeted online pl
Slide 57: US Strategic Priorities: Advisory Services
Advisory Services US Strategic Priorities Opportunity • Significant competitive differentiator • Regulation driving changes in Issuer business models • Economy driving changes in consumer trends Strategic Imperatives • Improve profitability of Issuer portfolios • Demonstrate predictive capabilities
Slide 58: US Poised for Growth
Leveraging significant deal activity and momentum Exercising prudence in financial negotiations Investing in innovative products and solutions Focusing on both traditional and non-traditional customers Building, Growing and Diversifying revenue streams US Poised for Growth
Slide 59: International Markets
Investment Community Meeting International Markets Walt Macnee President, International Markets
Slide 60: International Markets: Large and Growing
Our Objective... Sustained double digit revenue growth through Global resources embedded in local execution. International Markets: Large and Growing 210 Countries with $2.8B Net Revenue MasterCard Net Revenue $5.1B $3.3B CAGR 21% CAGR 10%
Slide 61: Strategic Framework for Capturing Opportunities
Strategic Framework for Capturing Opportunities and Addressing Challenges Prioritization of markets based on size of opportunity and potential returns for MasterCard Segmentation of markets to identify common themes and approach Country-level strategies around MasterCard strategic pillars of:
Slide 62: Global Drivers Translate into Market-level Opportunities
Global Drivers Translate into Market-level Opportunities and Challenges Secular Trends Demographic Trends Transformation of Payments Evolving Role of Governments
Slide 63: Secular Trends: Growth of Cross-Border Travel
Source: Euromonitor International Secular Trends: Growth of Cross-Border Travel
Slide 64: Capturing Growth in Cross-Border
Capturing Growth in Cross-Border Germany Leveraging domestic position to capture outbound travel China Won all 9 recent co-brands to capture growing cross-border in China
Slide 65: Demographic Trends: Reaching the Un/Under-banked
Demographic Trends: Reaching the Un/Under-banked Source: Euromonitor International Developed Countries Emerging Countries Emerging Countries Developed Countries Developed Countries Emerging Countries Banked Population (as % of 15+ Population) Broadband Penetration (Subscribers per Household) Mobile
Slide 66: Mobile Payments: Reaching the Banked and Un/Under-banked
Mobile Payments: Reaching the Banked and Un/Under-banked MasterCard introduces Mobile Payments Gateway, an m-wallet platform linking MasterCard cards First Mobile PayPass Tag pilot in Canada First Market Trial of Personalized NFC-Enabled Mobile Phones 200 phones payment pilot in partnership with ViV
Slide 67: Transformation of Payments Trend
Transformation of Payments Trend New Types of Customers New Technologies and Products The changing payments landscape provides new opportunities with non-traditional customers and innovative products but also introduces new challenges
Slide 68: Expanding Our Customer Base
Expanding Our Customer Base Strategic Global Prepaid Alliance with Travelex Co-Brand Partnership Spanning Countries in Latin America
Slide 69: Evolving Role of Governments Trend
Evolving Role of Governments Trend MasterCard is actively partnering with governments Working with regulatory bodies to drive positive change Supporting financial inclusion in emerging markets Driving electronic payments infrastructure development
Slide 70: Russia: Supporting Government's Payments Agenda
Russia Supporting Government’s Payments Agenda MasterCard partners with Sberbank, Russia’s largest retail bank, to offer customers Maestro Debit Cards instead of traditional savings passbooks.
Slide 71: The Growth Engine for MasterCard
Focusing on market trends Tailoring country-level strategies Leveraging global resources Adapting innovation for local execution The Growth Engine for MasterCard International Markets
Slide 72: Europe: Opportunities for Growth
Investment Community Meeting Europe: Opportunities for Growth Javier Perez President, MasterCard Europe
Slide 73: Europe: Largest PCE in the World
Europe: Largest PCE in the World Source: Economist Intelligence Unit (EIU) 2009 Global PCE US$ 34T
Slide 74: Europe's Card Payments Business Far from Mature
2009 Continental Europe PCE $10T 23% 50% 19% Spend on Cards MasterCard Market Share MasterCard Switching Ratio United States 31% 27% 90% Europe’s Card Payments Business is Far from Being Mature and Saturated Continental Europe has substantial potential to grow Sources: PCE – EIU, Spend on Cards – Eu
Slide 75: MasterCard is Well Positioned to Capture the Opportunity
MasterCard is Well Positioned to Capture the Opportunity A starting position of strength Building for the future with products and partnerships An active force in shaping the industry Global and independent Giulio Tremonti, Italy's Minister of Welfare, presents the new Maestro social card to the pre
Slide 76: Leveraging the Single Euro Payments Area
Leveraging the Single Euro Payments Area We are now switching domestic debit in every SEPA country 2006 2009 Domestic Debit Switching No Domestic Debit Switching Percent of MasterCard Domestic Debit Transactions Switched 3.4% 6.9% SEPA opens competition for 97% of domestic transactions
Slide 77: Unlocking Opportunity in The Netherlands
Then Challenges Now • 90% of Dutch Debit cards converted to EMV Maestro • Additional security and features for consumers • MasterCard begins processing Dutch domestic Debit transactions Domestic scheme: 100% of Debit cards and domestic volume • Nationalist sentiment • Cost of migrating merchants to
Slide 78: Unlocking Opportunity in France
Then Challenges Now Unlocking Opportunity in France Sparking innovation and choice • Strong domestic schemes controlled by banks • Difficult for non-traditional players to enter market • “Breaking the market” • Legacy of co-branding restrictions • Carrefour: First major MasterCard-only Issuer in Fra
Slide 79: Well Positioned to Seize the Opportunity
$8T 20% 46% $10T 23% 50% $12T + + + 2006 2009 2015 E Well Positioned to Seize the Opportunity Sources: PCE – EIU, Spend on Cards – Euromonitor, Market share – RBR, Processing data – Internal data Spend on Cards MasterCard Market Share MasterCard Switching Ratio 15% 19% Continental Europe PCE
Slide 80: Financial Perspective
Investment Community Meeting Financial Perspective Martina Hund-Mejean Chief Financial Officer
Slide 81: Topics for Today
Topics for Today 2010 Outlook Rebates & Incentives Capital Structure Considerations Long-Term Growth Opportunity Updated Long-Term Performance Targets Investment Community Meeting September 15, 2010
Slide 82: Worldwide Gross Dollar Volume Growth
0.6 5.6 8.3 8.5 4.6 5.6 Worldwide Gross Dollar Volume (GDV) Growth 0.3 2.5 3.4 5.2 0.6 5.9 10.8 11.9 9.8 0% 5% 10% 15% Q3'09 Q4'09 Q1'10 Q2'10 Jul/Aug Reported Processed Processed As Reported Impact of Deconversions
Slide 83: US Credit Gross Dollar Volume Growth
US Credit Gross Dollar Volume Growth Reported 1.2 Processed 0% -5% -10% -15% -20%
Slide 84: US Debit Gross Dollar Volume Growth
5.2 10.5 7.0 -5.0 US Debit Gross Dollar Volume Growth 0.8 0.4 2.3 15.3 20.2 25.8 5.6 12.8 22.3 21.0 20.8 -10% 0% 10% 20% 30% Q3'09 Q4'09 Q1'10 Q2'10 Jul/Aug Reported Processed 0.7 Processed As Reported Impact of Deconversions
Slide 85: Rest of World Gross Dollar Volume Growth
14.0 12.5 Rest of World Gross Dollar Volume Growth 7.4 11.6 14.8 14.5 0% 4% 8% 12% 16% Q3'09 Q4'09 Q1'10 Q2'10 Jul/Aug Reported Processed Processed
Slide 86: Worldwide Processed Transactions
6.6 4.6 Worldwide Processed Transactions 7.6 0.1 0.1 1.6 4.8 9.8 12.0 8.2 9.4 9.9 12.1 0% 5% 10% 15% Q3'09 Q4'09 Q1'10 Q2'10 Jul/Aug As Reported Impact of Deconversions
Slide 87: Worldwide Cross-Border Volume Growth
Worldwide Cross-Border Volume Growth
Slide 88: Acquirer Cross-Border Rebates
• Raised Acquirer Cross-Border Assessment Fee in Q4 2009, with corresponding rebates • Will simplify structure starting Q4 2010 – All rebates will be collapsed into gross revenue with no impact on net revenue • As-reported Acquirer Cross-Border Rebates were: – Q1 2010 = $65 million – Q2 2010 = $62 m
Slide 89: 2010 Financial Outlook: Constant Currency
2010 Financial Outlook: Constant Currency • 1-2 ppt headwind from Euro/Real FX • Debit Portfolio losses • Rebates & Incentives trajectory Net Revenue Operating Expenses Net Income Growth • Modest decline • 1-2 ppt tailwind from Euro/Real FX • Reinvestment in the business in Q3 / Q4 • A&M spend highe
Slide 90: MasterCard Worldwide
@ MasterCard ‘Worldwide J J
Slide 91: Capital Structure Considerations
Capital Structure Considerations Guiding Principles • Preserve strong balance sheet, liquidity and credit ratings • $3.5 billion net cash with remaining litigation payable of $0.6 billion as of June 30, 2010 • Available debt capacity, though to be used sparingly until clarity around outstanding liti
Slide 92: Liquidity and cash uses chart
MasterCard ‘Worldwide $6 2.0 3.0 $5 $4 3.5 2 S 1.0 pes $2 0.5 51 | $0 Cash Balance —- Revolver Operational Share DataCash Excess Settlement +f 6/30/2010) fas of ) acre Repurchase Acquisition Liquidity
Slide 93: MasterCard Worldwide
MasterCard ‘Worldwide
Slide 94: Slide 94
Slide 95: Long-Term Revenue Growth
Secular Growth +4% Strategic Investments Long-Term Revenue Growth Source: EIU, Euromonitor and MasterCard internal estimates Estimated 2010-2015 CAGR MasterCard Long-Term Revenue Global PCE 6% ~10% Low – Mid Teens ~9% Industry Purchase Volume Adjusted Industry Purchase Volume MA Mix (1%)
Slide 96: Updated Longer-Term 2011-2013 Performance Objectives
Updated Longer-Term 2011 – 2013 Performance Objectives On a constant currency basis: Net Revenue Growth Rate Operating Margin Earnings Per Share Growth Rate 20% + CAGR minimum 50% annually 12-14% CAGR
Slide 97: Appendix: Cross-Border Pricing Change
APPENDIX Cross-Border Pricing Change ($ in millions) Note 1: Adjusted view of Q1 and Q2 2010 illustrates impact if cross-border acquiring rebate pricing change had occurred on 1/1/2010. Pricing change will not be retroactive. Simplified structure with no Net Revenue impact As Reported Adjusted View
Slide 98: Innovation Experience
Investment Community Meeting Innovation Experience Garry Lyons Group Executive, Research & Development
Slide 99: MasterCard Drives Growth through Innovation
MasterCard Drives Growth through Innovation MasterCard has always been a payments innovator. And will continue to be a key contributor Change is happening fast. Needs of merchants and cardholders evolving faster than ever We must leverage our preeminence in payments. To stay ahead or react quickly a
Slide 100: Make MasterCard better & faster at innovation
Make MasterCard better & faster at innovation , and facilitate the creation of disruptive breakthrough solutions for the next phase in MasterCard’s growth. Breakthrough Innovations Preserving the strength of our brand, reputation and quality of our network. “ The temptation of business is always to
Slide 101: Guiding Principles
Be open and diverse Guiding Principles Share everything Dare to dream Labs is a stepping stone Good ideas can come from anywhere Fail smart Define success metrics early Timeliness trumps perfection
Slide 102: MasterCard Open API: The New Frontier
Access to new ideas, creating even better experiences MasterCard Open API: The New Frontier Companies revolutionized by opening up… proven impact This is just the beginning… Developer portal is on track to launch later this year.
Slide 103: Product Demonstrations
Product Demonstrations inControl Providing personalized spending control and peace of mind. MasterCard MarketPlace A smarter way to shop online. Prepaid Solutions Leading the conversion from cash and checks to electronic payments. MoneySend Greater speed, convenience and security in person-to-person
Slide 104: Closing Remarks
Investment Community Meeting Closing Remarks Ajay Banga President and Chief Executive Officer
Slide 105: Looking to the Future
Looking to the Future Striking the right global / local balance Investing in innovative products and solutions Capturing opportunities while addressing challenges Delivering strong financial performance
Slide 106: MasterCard Worldwide
MasterCard Worldwide The Heart of Commerce”