3Q09 Results

Legal Notice

The Company makes forward looking statements that are subject to risks and uncertainties.These statements are based on the beliefs and assumptions of our management. And oninformation currently available to us. Forward-looking statements include statements regardingour intent belief for current expectations or that of our directors or executive officers.Forward-looking statements also include information concerning our possible or assumed futureresults of operations. As well as statements preceded by, followed by or that include the words''believes”, ''may”, ''will”, ''continues”, ''expects”, ''anticipates”, ''intends”, ''plans”, ''estimates” orsimilar expressions.Forward-looking statements are not guarantees of performance. They involve risks uncertaintiesand assumptions because they relate to future events and therefore depend on circumstancesthat may or may not occur. Our future results and shareholder values may differ materially fromthose expressed in or suggested by these forward-looking statements. Many of the factors thatwill determine these results and values are beyond our ability to control or predict.

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• Financial Transaction Volume up 21.3% reaching R$ 54.2 billion;

• Net Operating Revenue up 28.0% reaching R$ 924.4 million;

• Adjusted EBITDA of R$ 626.6 million, growing by 37.9%;

• Adjusted EBITDA Margin of 67.8%, expanding 4.9 p.p.;

• Net Income growth of 34.8%, totaling R$ 396.7 million;

• More than 1.6 million affiliated merchants, covering 97.5% of the municipalities in Brazil.

3Q09 x 3Q08 Highlights

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Main Indicators

(R$ million) 3Q08 3Q09 3Q09 X 3Q08

Net Operating Revenue 722.1 924.4 28.0%

Net Income 294.2 396.7 34.8%

% Net Margin 40.8% 42.9% 2.2 p.p.

Adjusted EBITDA 454.5 626.6 37.9%

% Adjusted EBITDA Margin 62.9% 67.8% 4.9 p.p.

Credit cards

Financial transaction volume 28,313.4 34,188.8 20.8%

Number of transactions (million) 439.1 510.0 16.1%

Debit cards

Financial transaction volume 16,367.9 19,988.0 22.1%

Number of transactions (million) 312.1 350.7 12.4%

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Financial Volume

Credit and Debit Card (R$ million)

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VisaNet’s revenue growth drivers have been recording double-digit annual growth

26,266 27,750 31,685 30,498 32,144

14,617 16,932

19,311 17,209

18,377 40,883

44,682

50,996 47,707

50,521

2Q08 3Q08 4Q08 1Q09 2Q09

Financial Transaction Volume (million)

Debit cards

Credit cards

'

23.6%

28,313 31,122 30,498 32,144 34,188

16,368

19,874 17,209

18,377 19,988

44,681

50,996 47,707

50,521 54,176

3Q08 4Q08 1Q09 2Q09 3Q09

21.3%21.3%

Revenue

Credit Card (R$ million) Debit Card (R$ million)

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Revenue from card transactions grew by 20% in the period

419.6

475.5 448.9

481.6 512.4

3Q08 4Q08 1Q09 2Q09 3Q09

130.0

163.2

141.7 141.9 155.9

3Q08 4Q08 1Q09 2Q09 3Q09

19.9%22.1%

Equipment Rental

Revenue – Equipment Rental(R$ million)

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Number of active merchants*

Revenue from equipment rental grew at rates higher than revenue from active merchants

997,007

1,055,4321,074,484

1,114,714

1,162,306

3Q08 4Q08 1Q09 2Q09 3Q09

16.6%

228.6

243.7

256.4 260.7

268.1

3Q08 4Q08 1Q09 2Q09 3Q09

17.3%

*Regarding1 transaction in the last 180 days

Prepayment of Receivables

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Revenue (R$ million)Financial Volume (R$ million)

Average Term (days)

Launch of product: sep/08

98.1

732.9

1,700.0

1,466.5

1,604.7

3Q08 4Q08 1Q09 2Q09 3Q09

1.8

15.6

22.0

45.1

56.7

3Q08 4Q08 1Q09 2Q09 3Q09

21.4 22,3

51.348.5

54.4

3Q08 4Q08 1Q09 2Q09 3Q09

Costs and Operating Expenses

(R$ million) 3Q08 3Q09 3Q09 X 3Q08

Cost of Services (176.4) (206.8) 17.2%*

Depreciation (35.3) (38.2) 8.2%

Operating Expenses (91.3) (91.1) -0.3%

Total (303.0) (336.0) 10.9%

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* Impacted by higher fees paid to Visa Brand. Excluding the additional payments to the

Brand, Cost of Services Provided increased by 4.8%

Consolidated Revenue and Expenses

Net Revenue (R$ million) Cost of Services Provided and Operating Expenses (R$ million)

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Consolidated revenue increased 28% p.a.

722.1

924.4

3Q08 3Q09

28.0%

95 92

208 244

3Q08 3Q09

Cost of Services Rendered Operating Expenses

303336

10.9%*

95 92

208 244

3Q08 3Q09

Cost of Services Rendered Operating Expenses

* Excluding the additional payments to the Brand increased by 3.7%

EBITDA and Net Income

Net Income (R$ million)EBITDA (R$ million)

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Increase in revenues boosting profit growth

246.5

364.8

36.8%

42.3%

2Q08 2Q09

Net Income

Ner Margin

48.0%

414.8

580.5

62.0%

67.3%

2Q08 2Q09

Adjusted EBITDA

Adjusted EBITDA Margin

39.9%

454.5

626.6

62.9%

67.8%

3Q08 3Q09

Adjusted EBITDA

Adjusted EBITDA Margin

37.9%

294.2

396.7

40.7% 42.9%

3Q08 3Q09

34.8%

Guidance - 2009

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Indicators YTD 09 Guidance

Financial Transaction Volume

- Credit and Debit Cards 22.4% 20.5% – 22.5%

Net MDR

- Credit Card 149 bps 149 bps

- Debit Card with Agrocard 79 bps 80 bps

- Debit Card without Agrocard 84 bps 84 bps

CAPEX R$ 155 million R$ 215 million

Central Bank Note

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Neutrality in clearing and settlement operations

Interoperability of networks and POS transaction

capture terminals

Opening up of the affiliation process

Transparency in defining interchange fees

Strengthening of the domestic debit card framework

Other Issues – Settlement Period and Price Differentiation were

not addressed by Central Bank note

* Note released October,1 2009

IR Contact:

Phone: + 55 11 2184 7930ri@visanet.com.brwww.visanet.com.br/ir