Slide 1: Third-Quarter 2014 Financial Results Conference Call
MasterCard Incorporated Third-Quarter 2014 Financial Results Conference Call October 30, 2014 ©2014 MasterCard. Proprietary
Slide 2: Business Update
Business Update Page 2 Financial & Operational Overview Economic Update Business Highlights ©2014 MasterCard. Proprietary
Slide 3: 3rd Quarter Selected Financial Performance
3rd Quarter Selected Financial Performance ($ in millions, except per share data) Page 3 YOY Growth As FX 3Q 14 3Q 13 Reported Adjusted Net revenue $ 2,503 $ 2,218 13% 13% Total operating expenses 1,083 970 12% 12% Operating income 1,420 1,248 14% 13% Operating margin 56.7% 56.3% 0.5 ppts 0.4 ppts N
Slide 4: 3rd Quarter Gross Dollar Volume (GDV)
3rd Quarter Gross Dollar Volume (GDV) ($ in billions) Page 4 Worldwide United States Rest of World 12% Growth 7% Growth 14% Growth $1,200 $1,157 $1,046 $1,000 $519 $818 $800 $456 $731 $341 $600 $292 $400 $315 $339 $590 $638 $164 $178 $439 $477 $200 $151 $161 $0 3Q 13 3Q 14 3Q 13 3Q 14 3Q 13 3Q 14 Cr
Slide 5: Processed Transactions and Cards
3rd Quarter Processed Transactions and Cards Page 5 Processed Transactions Cards 10% Growth 8% Growth 12,000 2,078 10,964 2,000 1,923 9,997 10,000 701 701 Transactions (in millions) 8,000 1,500 Cards (in millions) 6,000 1,000 4,000 1,377 1,222 500 2,000 0 0 3Q 13 3Q 14 3Q 13 3Q 14 MasterCard Cards M
Slide 6: 3rd Quarter Revenue
3rd Quarter Revenue ($ in millions) Page 6 3Q 13 3Q 14 $3,000 $2,503 $2,500 $2,218 $2,000 $1,500 $931 $1,003 $835 $919 $1,041 $1,000 $738 $336 $460 $500 $0 -$500 -$1,000 ($706) ($836) Domestic Cross-Border Transaction Other Rebates and Total Net Revenue Assessments Volume Fees Processing Fees Revenu
Slide 7: 3rd Quarter Operating Expenses
3rd Quarter Operating Expenses ($ in millions) Page 7 3Q 13 3Q 14 $1,200 $1,083 $970 $797 $800 $701 $400 $205 $203 $64 $83 $0 General Advertising Depreciation Total & & & Operating Administrative Marketing Amortization Expenses As-reported 14% (1%) 30% 12% FX-adjusted 14% (1%) 30% 12% Note: Figures
Slide 8: Thoughts for the Future
Thoughts for the Future Page 8 Business update through October 21 Long-Term Performance Objectives Thoughts for 2014 • Revenue • Expenses • Impact from Acquisitions • Tax Rate • FX Impact ©2014 MasterCard. Proprietary
Slide 9: Appendix A
©2014 MasterCard. Proprietary
Slide 10: Impact of Acquisition
Appendix A Impact of Acquisition* Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 Impact of Excluding Impact of Excluding As-Reported Acquisitions Acquisitions As-Reported Acquisitions Acquisitions Net revenue growth 13% 3% 10% 13% 1% 12% Total operating expenses growth 12