Visa Inc. · NYSE:V
Visa — William Blair & Company Growth Stock Conference 2009
11 slides from Visa's conference presentation, Jun 10, 2009
Slide 1: William Blair Growth Stock Conference
William Blair Growth Stock Conference Byron Pollitt Chief Financial Officer June 10, 2009
Slide 2: Safe Harbor Reminder
Safe Harbor Reminder The following materials and management’s discussion of them may contain “forward- looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements can be identifi
Slide 3: Financial Metrics through Fiscal Year 2010
Financial Metrics through Fiscal Year 2010 Net revenue growth FY 2009: High single digits FY 2010: 11-15% FY 2009: Low 50s Adjusted operating margin FY 2010: High 40s / Low 50s Adjusted EPS growth 20% + Annual free cash flow $1 billion + Capital expenditures FY 2009: $300-350 million FY 2010: 3-4% o
Slide 4: U.S. Payments Volume Growth
U.S. Payments Volume Growth Credit and Debit vs. Prior Year Dec Q2 Q3 2008 FY 2009 (2 mos) (3%) (3%) (3%) Information Classification as Needed 3
Slide 5: Cross Border Volume Growth
Cross Border Volume Growth Constant Dollar, FY 2009 Q1 Q2 Q3 (2 mos) (0%) (6%) (9%) Information Classification as Needed 4
Slide 6: Global Processed Transaction Growth
Global Processed Transaction Growth FY 2009 8% 8% 6% Q1 Q2 Q3 (2 mos) Information Classification as Needed 5
Slide 7: US Payments volume benefitting from debit growth
US Payments volume benefitting from debit growth U.S. Payments Volume U.S. Payment Transactions ($ trillions) (# billions) 30.2 $1.6 25% 24% $0.5 7.3 8% 7% 1998 2008 1998 2008 Credit Debit % 10 year CAGR Information Classification as Needed 6
Slide 8: Debit drives non-discretionary spend… which is resilient and growing
Debit drives non-discretionary spend… which is resilient and growing U.S. Consumer Payments Volume Primary Merchant 2001 2009* Segments Discretionary Discretionary Discretionary retail 65% 48% Restaurants + QSR 75% 59% Lodging Airlines 45% 29% Non- Non-Discretionary Discretionary 35% 52% 41% Gasolin
Slide 9: Sources of future growth
Sources of future growth US US Rest of World Debit Prepaid Credit Prepaid Near-term eCommerce Debit POS/Processing Medium to Money Transfer long-term Money Transfer Mobile Information Classification as Needed 8
Slide 10: Maximize shareholder value
Maximize shareholder value Return Excess Cash Grow Core Business to Shareholders • Capture secular growth • Dividends • Fund new products • Share repurchases • Pursue selective acquisitions Information Classification as Needed 9
Slide 11: William Blair Growth Stock Conference
William Blair Growth Stock Conference Byron Pollitt Chief Financial Officer June 10, 2009
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