Slide 1: Third-Quarter 2015 Financial Results Conference Call
MasterCard Incorporated Third-Quarter 2015 Financial Results Conference Call October 29, 2015
Slide 2: Business Update
Business Update Financial & Operational Overview Economic Update Business Highlights 2 October 29, 2015 ©2015 MasterCard. Proprietary
Slide 3: 3rd Quarter Selected Financial Performance
3rd Quarter Selected Financial Performance ($ in millions, except per share data) YOY Growth 3Q 15 Non-GAAP FX excl . s peci a l i tem* 3Q 14 Non-GAAP Adjusted Net revenue $ 2,530 $ 2,490 2% 8% Total operating expenses 1,082 1,070 1% 5% Operating income 1,448 1,420 2% 10% Operating margin 57.2% 57.0
Slide 4: 3rd Quarter Gross Dollar Volume (GDV)
3rd Quarter Gross Dollar Volume (GDV) ($ in billions) Worldwide United States Rest of World 13% Growth 8% Growth 16% Growth $1,159 $1,159 $1,200 $522 $536 $820 $793 $800 $344 $346 $339 $365 $400 $637 $622 $190 $178 $476 $447 $161 $175 $0 3Q 14 3Q 15 3Q 14 3Q 15 3Q 14 3Q 15 Credit Debit Notes: 1. Gro
Slide 5: Processed Transactions and Cards
3rd Quarter Processed Transactions and Cards Processed Transactions Cards 12% Growth 8% Growth 15,000 12,279 2,500 12,500 2,218 Transactions (in millions) 10,964 2,060 2,000 10,000 699 Cards (in millions) 698 7,500 1,500 5,000 1,000 1,362 1,519 2,500 500 0 0 3Q 14 3Q 15 3Q 14 3Q 15 Note: Figures may
Slide 6: 3rd Quarter Revenue
3rd Quarter Revenue ($ in millions) $3,000 3Q 14 3Q 15 $2,490 $2,530 $2,000 $1,003 $1,028 $880 $1,041 $1,140 $835 $1,000 $460 $501 $0 -$1,000 ($849) ($1,019) -$2,000 Domestic Cross-Border Transaction Other Revenue Rebates and Total Net Revenue Assessments Volume Fees Processing Fees Incentives Growt
Slide 7: 3rd Quarter Operating Expenses
3rd Quarter Operating Expenses ($ in millions) 1%* $1,200 3Q 14 3Q 15 $1,082 $1,070 3%* $1,000 $784 $804 $800 $600 $400 (10)% 14% $203 $184 $200 $83 $94 $0 General & Administrative* Advertising & Marketing Depreciation & Amortization Total Operating Expenses* FX-adjusted Growth Including Acquisition
Slide 8: Looking Ahead
Looking Ahead Business update through October 21st Thoughts for 2015 Longer-Term Performance Objectives 8 October 29, 2015 ©2015 MasterCard. Proprietary
Slide 9: Appendices
Appendices
Slide 10: Non-GAAP Reconciliation
APPENDIX A Non-GAAP Reconciliation ($ in millions, except per share data) Three Months Ended September 30, Three Months Ended September 30, 2015 2014 Year-over-year % Growth Actual Special Item 1 Non-GAAP Actual Actual Special Item 1 Non-GAAP General and adminstrative expenses $ 883 $ (79) $ 804 $ 7
Slide 11: Operating Expenses Growth Non-GAAP Reconciliation
APPENDIX B Operating Expenses Growth Non-GAAP Reconciliation Q3 2015 Growth Rate - Increase / (Decrease) Excluding All As-Reported Special Item1 Acquisitions2 FX3 Impacts General and administrative 13% 10% 4% (3)% 3% Advertising and marketing (10)% --% --% (6)% (4)% Depreciation and amortization 14%