Slide 1: Mastercard Incorporated Second-Quarter 2021 Financial Results Conference Call
Mastercard Incorporated Second-Quarter 2021 Financial Results Conference Call July 29, 2021
Slide 2: Business Update
Business Update Key Trends Business Highlights Financial Overview ©2021 Mastercard July 29, 2021 2
Slide 3: 2nd Quarter Selected Financial Performance
2nd Quarter Selected Financial Performance ($ in millions, except per share data) 2Q 21 2Q 20 YOY Growth Non-GAAP Non-GAAP As adjusted Currency-neutral Net revenue $ 4,528 $ 3,335 36 % 31 % Adjusted operating expenses 2,121 1,606 32 % 28 % Adjusted operating income 2,407 1,728 39 % 34 % Adjusted ope
Slide 4: 2nd Quarter Gross Dollar Volume (GDV)
2nd Quarter Gross Dollar Volume (GDV) ($ in billions) Worldwide United States Rest of World 33% Growth 34% Growth 32% Growth $1,904 $1,800 $1,600 $1,377 $1,400 $1,286 $1,047 $1,200 $914 $1,000 $759 $703 $800 $619 $600 $463 $479 $400 $857 $345 $618 $280 $583 $200 $435 $183 $274 $0 2Q20 2Q21 2Q20 2Q21
Slide 5: Switched Transactions and Cards
2nd Quarter Switched Transactions and Cards Switched Transactions Cards 41% Growth* 8% Growth 4,000 30 27.2 3,000 2,854 2,644 Transactions (in billions) Cards (in millions) 404 19.4 415 20 2,000 10 2,449 2,229 1,000 0 0 2Q20 2Q21 2Q20 2Q21 ©2021 Mastercard Mastercard Cards Maestro Cards Notes: Figur
Slide 6: 2nd Quarter Revenue
2nd Quarter Revenue ($ in millions) 2Q20 2Q21 $5,000 $4,528 $4,000 $3,335 $3,000 $2,612 $2,056 $1,901 $2,000 $1,474 $1,475 $1,076 $1,081 $1,000 $637 $0 $-1,000 $-2,000 $(1,758) $-3,000 $(2,691) $-4,000 Domestic Cross-Border Transaction Other Rebates and Growth Assessments Volume Fees Processing Reve
Slide 7: 2nd Quarter Adjusted Operating Expenses
2nd Quarter Adjusted Operating Expenses ($ in millions) 2Q20 2Q21 $3,000 $2,500 $2,121 $2,000 $1,718 $1,606 $1,500 $1,368 $1,000 $500 $216 $93 $145 $186 $0 Growth General & Administrative Advertising & Marketing Depreciation & Amortization Adjusted Operating Expenses Non-GAAP 26% 132% 29% 32% Curren
Slide 8: Business Update Through July 21st
st Business Update Through July 21 2021 vs. 2020 year-over-year growth %1 2021 as a percentage of 20191,3 Q1 April May June Q2 July 21 Q1 April May June Q2 July 21 MTD MTD 2 Switched volume 12% 61% 42% 32% 44% 28% 121% 125% 129% 128% 127% 130% United States 17% 58% 36% 25% 38% 23% 122% 130% 133% 128
Slide 9: Looking Ahead
Looking Ahead Further thoughts ©2021 Mastercard July 29, 2021 9
Slide 10: Appendices
Appendices
Slide 11: Appendix A: Non-GAAP Reconciliation
Appendix A Non-GAAP Reconciliation ($ in millions, except per share data) Three Months Ended June 30, 2021 Operating Operating Operating Other Income Effective income Diluted earnings expenses income margin (Expense) tax rate Net income per share Reported - GAAP $ 2,187 $ 2,341 51.7 % $ 137 16.6 % $
Slide 12: Appendix A (continued): Non-GAAP Reconciliation
Appendix A (continued) Non-GAAP Reconciliation Three Months Ended June 30, 2021 as compared to the Three Months Ended June 30, 2020 Increase/(Decrease) Operating Operating Operating Effective income Diluted earnings Net revenue expenses income margin tax rate Net income per share Reported - GAAP 36
Slide 13: Appendix B: Third-quarter 2021 financial outlook reconciliation
Appendix B Non-GAAP Reconciliation Third-quarter 2021 financial outlook Q3'21 vs. Q3'20 Increase/(Decrease) Net Revenue Operating Expenses 1 Forecasted Growth - GAAP High-end of high 20's High 20's Litigation provisions ** ** Non-GAAP Growth High-end of high 20's High 20's 2 Currency impact (0-1)% (