Slide 1: First-Quarter 2013 Financial Results Conference Call
MasterCard Incorporated First-Quarter 2013 Financial Results Conference Call May 1, 2013
Slide 2: Business Update
Business Update • Operational Overview • Economic Update • Business Highlights 2
Slide 3: 1st Quarter Selected Financial Performance
1st Quarter Selected Financial Performance ($ in millions, except per share data) YOY Growth As FX 1Q 13 1Q 12 Reported Adjusted Net revenue $ 1,906 $ 1,758 8% 9% Total operating expenses 799 758 6% 6% Operating income 1,107 1,000 11% 11% Operating margin 58.1% 56.9% 1.2 ppts 1.3 ppts Net income $ 7
Slide 4: 1st Quarter Gross Dollar Volume (GDV)
1st Quarter Gross Dollar Volume (GDV) ($ in billions) $1,200 Worldwide 12% Growth $947 $1,000 Rest of World $850 16% Growth $800 $413 $653 $358 United States $567 $600 4% Growth $253 $206 $400 $283 $294 $493 $534 $200 $152 $160 $400 $361 $132 $134 $0 1Q12 1Q13 1Q12 1Q13 1Q12 1Q13 Credit Debit Notes:
Slide 5: Processed Transactions and Cards
1st Quarter Processed Transactions and Cards Processed Transactions Cards 10,000 12% Growth 8% Growth 2,000 1,915 1,775 8,000 Transactions (in millions) 1,500 727 708 Cards (in millions) 6,000 1,000 4,000 8,668 7,717 1,188 500 1,067 2,000 0 0 1Q 12 1Q 13 1Q 12 1Q 13 MasterCard Cards Maestro Cards No
Slide 6: 1st Quarter Revenue
1st Quarter Revenue ($ in millions) 1Q 12 1Q 13 $2,000 $1,906 $1,758 $1,000 $840 $901 $714 $775 $531 $607 $262 $280 $0 ($589) ($657) -$1,000 Domestic Cross-Border Transaction Other Rebates and Total Net Assessments Volume Fees Processing Fees Revenues Incentives Revenue As reported +7% +14% +9% +7%
Slide 7: 1st Quarter Operating Expenses
1st Quarter Operating Expenses ($ in millions) 1Q 12 1Q 13 $1,000 $799 $758 $800 $579 $608 $600 $400 $200 $125 $129 $54 $62 $0 General Advertising Depreciation Total & & & Operating Administrative Marketing Amortization Expenses As reported +5% +4% +14% +6% FX adjusted +5% +4% +14% +6% Note: Figures
Slide 8: Thoughts for the Future
Thoughts for the Future • Business update through April 28 • Long-term Performance Objectives • Thoughts for 2013 o Net Revenue o Operating Expenses o Tax Rate o FX sensitivity 8
Slide 9: MasterCard
MasterCard Worldwide The Heart of Commerce”