Exhibit 99.2
Exhibit 99.2
MasterCard Incorporated Second-Quarter 2014
Financial Results Conference Call
July 31, 2014
©2014 MasterCard. Proprietary
Business Update
Page 2
Financial & Operational Overview Economic Update Business Highlights
©2014 MasterCard. Proprietary
2nd Quarter Selected Financial Performance
($ in millions, except per share data) Page 3
YOY Growth
As FX
2Q 14 2Q 13 Reported Adjusted
Net revenue $ 2,377 $ 2,096 13% 13%
Total operating expenses 994 868 15% 14%
Operating income 1,383 1,228 13% 12%
Operating margin 58.2% 58.6% (0.5) ppts (0.5) ppts
Net income $ 931 $ 848 10% 9%
Diluted EPS $ 0.80 $ 0.70 14% 14%
Note: Figures may not sum due to rounding. ©2014 MasterCard.
Proprietary
2nd Quarter Gross Dollar Volume (GDV)
($ in billions) Page 4
Worldwide United States Rest of World
13% Growth 9% Growth 15% Growth
$1,200 $1,124
$1,009
$1,000
$501
$785
$800 $441 $699
$600 $ 324
$277
$400 $310 $339
$569 $623
$200 $163 $ 177 $422 $ 461
$147 $ 161
$0
2Q 13 2Q 14 2Q 13 2Q 14 2Q 13 2Q 14
Credit Debit
Notes: 1. Growth rates are shown in local currency ©2014 MasterCard.
2. Figures may not sum due to rounding Proprietary
2nd Quarter Processed Transactions and Cards
Page 5
Processed Transactions Cards
12% Growth 8% Growth
12,000
10,609 2,000 1,886 2,039
10,000 9,476
700
1,500 697
millions) 8,000
(in millions)
6,000
(in 1,000
4,000
Transactions Cards 1,339
1,189
500
2,000
0 0
2Q 13 2Q 14 2Q 13 2Q 14
MasterCard Cards Maestro Cards
Note: Figures may not sum due to rounding ©2014 MasterCard.
Proprietary
2nd Quarter Revenue
($ in millions) Page 6
2Q 13 2Q 14
$2,500 $2,377
$2,096
$1,500
$912 $1,008 $865 $995
$658 $750
$500 $315 $392
-$ 500
($654) ($768)
-$ 1,500
Domestic Cross-Border Transaction Other Rebates and Total Net Revenue
Assessments Volume Fees Processing Fees Revenues Incentives
As-reported 11% 14% 15% 24% 17% 13%
FX-adjusted 10% 13% 14% 23% 17% 13%
Note: Figures may not sum due to rounding ©2014 MasterCard.
Proprietary
2nd Quarter Operating Expenses
($ in millions) Page 7
2Q 13 2Q 14
$1,200 $994
$868
$800 $621 $740
$400 $186 $173
$61 $81
$0
General Advertising Depreciation Total
& & & Operating
Administrative Marketing Amortization Expenses
As-reported 20% (7%) 30% 15%
FX-adjusted 19% (7%) 30% 14%
Note: Figures may not sum due to rounding ©2014 MasterCard.
Proprietary
Thoughts for the Future
Page 8
Business update through July 28
Long-Term Performance Objectives
Thoughts for 2014
Revenue
Expenses
Impact from Acquisitions
Tax Rate
FX Impact
©2014 MasterCard.
Proprietary
Master card