Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Mastercard Inc | d784453d8k.htm |
| Exhibit 99.1
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Martina Hund-Mejean Chief Financial Officer September 2014
Financial Perspective
2014 Investment Community Meeting
©2014 MasterCard. Proropr riietar ry y
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Forward-Looking Statements
Page 2
Today’s presentation may contain, in addition to historical information, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on our current assumptions, expectations and projections about future events which reflect the best judgment of management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by our comments today. You should review and consider the information contained in our filings with the SEC regarding these risks and uncertainties.
MasterCard disclaims any obligation to publicly update or revise any forward-looking statements or information provided during today’s presentations.
Any non-GAAP information contained in today’s presentations is reconciled to its GAAP equivalent in the Company’s periodic SEC filings.
MasterCard Investment Community Meeting – St. Louis, MO ©2014 MasterCard. September 2014
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Topics for Today
Page 3
2014 Outlook Capital Planning M&A Activities Long-Term Outlook
MasterCard Investment Community Meeting – St. Louis, MO ©2014 MasterCard. September 2014
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2014 Business Drivers
Page 4
As-Reported Processed
Growth Q1 Q2 Q2 Jul / Aug Worldwide GDV 14% 13% 12% 12%
US GDV 9% 9% 10% 8%
Rest-of-World GDV 16% 15% 15% 15%
Processed Transactions 14% 12% 12% 11%
Cross-Border Volume 17% 16% 16% 15%
July/August growth trends same or slightly better than previously reported through July 28th
MasterCard Investment Community Meeting – St. Louis, MO ©2014 MasterCard. September 2014
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2014 Financial Outlook
Page 5
Net Revenue
Full-year growth rate at the lower end of 3-year range
Operating Full-year growth rate in the low teens, including
Expense impact of acquisitions
Tax Rate Approximately 32%, with potential for some
improvement
Euro and Real net neutral
FX Impact Underlying local currencies have 1 ppt headwind on
net revenue
MasterCard Investment Community Meeting – St. Louis, MO ©2014 MasterCard. September 2014
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Capital Planning _ Priorities
Page 6
Strong Preserve strong balance sheet, liquidity and
Balance Sheet credit ratings
Long-Term Investments in organic opportunities and M&A
Business Growth
Return Excess Cash Continue to return excess cash with bias
to Shareholders towards share repurchases
MasterCard Investment Community Meeting – St. Louis, MO ©2014 MasterCard. September 2014
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Return of Capital – Historical Perspective
Page 7
Share Repurchase & Dividends
4.0
Share Repurchase $ 3.5
3.5 Dividends $ 3.1 $ 0.4
3.0 $ 2.7 $ 0.3
2.5 $ 0.3
$ in billions 2.0 $1.9
$0.1
1.5 $ 2.8 $ 3.1
$ 2.4
1.0 $1.8
0.5
0.0
2012 2013 1H 2014 Through
August 2014
MasterCard Investment Community Meeting – St. Louis, MO ©2014 MasterCard. September 2014
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M&A Strategy Execution
Page 8
Capability Enhanced Acquisition
Processing Provus, ECS
Mobile Technology C-SAM
Loyalty Pinpoint
Personal payments HomeSend JV
2013-2015 Performance Objectives Exclude new M&A activity
EPS dilution Impact of about 5 cents for both FY2014
and FY2015
MasterCard Investment Community Meeting – St. Louis, MO ©2014 MasterCard. September 2014
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Longer-Term
2013 – 2015 Performance Objectives*
Page 9
Net Revenue
11-14% CAGR
Growth
Operating
Minimum 50% annually
Margin
Earnings Per Share
At least 20% CAGR
Growth Rate
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On a constant currency basis and excluding future acquisitions |
MasterCard Investment Community Meeting – St. Louis, MO ©2014 MasterCard. September 2014
Proprietary