MasterCard : Q2 2021 Mastercard Inc. Earnings Conference Call

Mastercard

Incorporated

Second-Quarter 2021 Financial Results Conference Call

July 29, 2021

Business Update

Key Trends

Business Highlights

Financial Overview

©2021 Mastercard

July 29, 2021

2

2nd Quarter Selected Financial Performance

($ in millions, except per share data)

		2Q 21				2Q 20				YOY Growth
		Non-GAAP				Non-GAAP			As adjusted		Currency-neutral
Net revenue	$	4,528	$	3,335		36 %		31 %
Adjusted operating expenses		2,121				1,606		32 %		28 %
Adjusted operating income		2,407				1,728		39 %		34 %
Adjusted operating margin		53.2 %			51.8 %	1.3	ppt	1.0	ppt
Adjusted net income	$	1,937			$	1,370		41 %		36 %
Adjusted diluted EPS	$	1.95	$	1.36		43 %		37 %
Adjusted effective tax rate		15.9	%			16.3	%

Note: See Appendix A for Non-GAAP reconciliation.

©2021 Mastercard

July 29, 2021

3

2nd Quarter Gross Dollar Volume (GDV)

($ in billions)

		Worldwide			United States	Rest of World
		33% Growth			34% Growth		32% Growth
$1,800			$1,904
$1,600	$1,377													$1,286
$1,400			$1,047
$1,200													$914
$1,000		$759													$703
$800					$463		$619			$479
$600
		$857				$345
$400
$618			$280							$583
$200						$274			$435
				$183
$0
	2Q20	2Q21			2Q20			2Q21	2Q20			2Q21
						Credit			Debit / Prepaid

Notes: 1. Growth rates are shown in local currency. 2. Figures may not sum due to rounding.

©2021 Mastercard

July 29, 2021

4

2nd Quarter Switched Transactions and Cards

				Switched Transactions									Cards
				41% Growth*		4,000					8% Growth
	30			27.2
						3,000					2,854
billions)(inTransactions						millions)(inCards		2,644
											404
	20	19.4				2,000				415
	10						1,000		2,229	2,449
	0						0
		2Q20	2Q21
					2Q20				2Q21
Notes: Figures may not sum due to rounding.						Mastercard Cards			Maestro Cards

*Growth rates have been normalized to eliminate the effects of differing switching and carryover days between periods.

©2021 Mastercard

July 29, 2021

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