UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 17, 2014

 

 

MasterCard Incorporated

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-32877   13-4172551

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

2000 Purchase Street

Purchase, New York

  10577
(Address of principal executive offices)   (Zip Code)

(914) 249-2000

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


7.01 Regulation FD Disclosure

On September 17, 2014, MasterCard Incorporated (the “Company”) will host a meeting for members of the investment community, beginning at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). Materials for the financial perspective presentation by Martina Hund-Mejean, Chief Financial Officer of the Company, are attached hereto as Exhibit 99.1. Additionally, all presentation materials for the meeting will be promptly posted on the Company’s website at www.mastercard.com.

The information set forth in the attached presentation materials is furnished but not filed.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

 

Exhibit
Number

  

Exhibit Description

99.1    MasterCard Incorporated Financial Perspective Presentation by Chief Financial Officer to the Investment Community, dated September 17, 2014.

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

        MASTERCARD INCORPORATED
Date: September 17, 2014     By  

/s/ Janet McGinness

      Janet McGinness
      Corporate Secretary

 

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EXHIBIT INDEX

 

Exhibit
Number

  

Exhibit Description

99.1    MasterCard Incorporated Financial Perspective Presentation by Chief Financial Officer to the Investment Community, dated September 17, 2014.

 

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EX-99.1

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

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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

*

 

On a constant currency basis and excluding future acquisitions

MasterCard Investment Community Meeting – St. Louis, MO ©2014 MasterCard. September 2014

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