Mastercard

Incorporated

Fourth-Quarter and Full-Year 2020 Financial Results Conference Call

January 28, 2021

Business Update

Key Trends

Business Highlights

Financial Overview

©2020 Mastercard

January 28, 2021

2

4th Quarter Selected Financial Performance

($ in millions, except per share data)

YOY Growth

4Q 20

4Q 19

Currency

Non-GAAP

Non-GAAP

As adjusted

Neutral

Net revenue

$

4,120

$

4,414

(7)%

(7)%

Adjusted operating expenses

2,018

2,015

- %

- %

Adjusted operating income

2,102

2,399

(12)%

(12)%

Adjusted operating margin

51.0 %

54.4 %

(3.3) ppt

(3.2) ppt

Adjusted net income

$

1,644

$

1,981

(17)%

(17)%

Adjusted diluted EPS

$

1.64

$

1.96

(16)%

(16)%

Adjusted effective tax rate

17.5

%

15.9

%

Note: See Appendix A for Non-GAAP reconciliation.

©2020 Mastercard

January 28, 2021

3

4th Quarter Gross Dollar Volume (GDV)

($ in billions)

Worldwide

United States

Rest of World

1% Growth

4% Growth

Flat

$1,800

$1,730

$1,747

$1,600

$1,223

$1,220

$1,400

$876

$950

$1,200

$1,000

$622

$660

$800

$507

$527

$600

$855

$400

$796

$254

$291

$601

$560

$200

$254

$237

$0

4Q19

4Q20

4Q19

4Q20

4Q19

4Q20

Notes: 1. Growth rates are shown in local currency.

Credit

Debit / Prepaid

2. Figures may not sum due to rounding.

©2020 Mastercard

January 28, 2021

4

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MasterCard Inc. published this content on 28 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2021 13:03:06 UTC.