1Q13 EARNINGS PRESENTATION May 3, 2013

DISCLAIMER

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 as well as on information currently available to us. Forward-looking statements include information regarding our current intent, beliefs or expectations, in addition to those of the members of the Board of Directors and Executive Officers of the Company.

Forward-looking statements also include information regarding our possible or assumed future operating results, as well as statements preceded or followed by, or that include, the words ''believes”, ''may”, ''will”, ''continues”, ''expects”, ''anticipates”, ''intends”, ''plans”, ''estimates”, or similar expressions.

Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions, for they relate to future events, thus depending on circumstances that may or may not occur. Our future results and the creation of value to shareholder s may differ significantly from those expressed in or suggested by these forward-looking statements. Many factors determining these results and values are beyond Cielo’s ability to control or predict.

2

CIELO | HIGHLIGHTS

3

Transaction Financial Volume, according to market criterion, totaled R$97.6 billion, +11.6% and Transaction Financial Volume, according to accounting criterion, totaled R$ 98.8 bilhões, +12.2%

1Q13 x 1Q12

Credit R$ 63.3 billion, +11.5% Debit R$ 35.5 billion, +13.5%

Net Operating Revenue R$ 1.5 billion, +28.4%

Net Income totaled R$641 million ,+13.1% and Net Margin of 41%;

EBITDA totaled R$874.5 million,+13.8% and EBITDA Margin of 56.5%;

CIELO | TRANSACTION FINANCIAL VOLUME

4

104,363 98,847

-5.3%

88,082

98,847 12.2%

65,062 63,313

39,302 35,534

4Q12 1Q13

Quartely Evolution (R$ million)

Credit Debit

56,786 63,313

31,296 35,534

1Q12 1Q13

Annual Evolution (R$ million)

Credit Debit

CIELO | NUMBER OF TRANSACTIONS

5

1,418 1,358 -4.2%

1,269 1,358 7.0 %

800 784

618 574

4Q12 1Q13

Quartely Evolution (R$ million)

Credit Debit

739 784

531 574

1Q12 1Q13

Annual Evolution (R$ million)

Credit Debit

CIELO | OPERATIONAL INDICATORS

6

0.6%

0.5% 10.2%

14.0% 1,727 1,738

1,329 1,336

4Q12 1Q13

Quartely Evolution (thousand)

# Installed POS Active Merchants

1,524

1,738

1,212 1,336

1Q12 1Q13

Annual Evolution (thousand)

# Installed POS Active Merchants

Active Merchant are those that have made at least a single transaction in the last 60 days.

CIELO | NET OPERATING REVENUE

7

-2.8%

28.4%

1,204

1,547

1Q12 1Q13

Annual Evolution (R$ million)

Net Operating Revenue

1,592 1,547

4Q12 1Q13

Quartely Evolution (R$ million)

Net Operating Revenue

CIELO | COSTS + EXPENSES

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Costs + Expenses per transaction

4Q12 1Q13

Total (R$ cents) 0.61 0.56

Excluding subsidiaries (R$ cents)

0.44 0.40

509

766

860

50.5%

-11.0% 766

Costs + Expenses per transaction

1Q12 1Q13

Total (R$ cents) 0.40 0.56

Excluding subsidiaries (R$ cents)

0.37 0.40

599 564

261 202

4Q12 1Q13

Quartely Evolution (R$ million)

Costs Expenses

386

564

123

202

1Q12 1Q13

Annual Evolution (R$ million)

Costs Expenses

Numbers already considering the consolidation of Merchant-e Solutions in costs and expenses

CIELO | PREPAYMENT OF RECEIVABLES

9

4.1% 26.1%

216

225

4Q12 1Q13

Quartely Evolution (R$ million)

Revenue of Prepayment of Receivables

179

225

1Q12 1Q13

Annual Evolution (R$ million)

Revenue of Prepayment of Receivables

CIELO | PREPAYMENT OF RECEIVABLES INDICATORS

10

Prepaid volume as % of total credit

volume

4Q12 1Q13

13.1 13.1

Prepaid volume as % of total credit

volume

1Q12 1Q13

9.3 13.1

-3.0%

56.6%

5,289.9

8,285.4

55,7

65.5

3.1 50,0

4.1 50,0

5.1 50,0

6.1 50,0

7.1 50,0

8.1 50,0

49

54

59

64

69

1Q12 1Q13

Annual Evolution (R$ million)

Financial Prepayment Volume Average Term (days)

8,542.9

8,285.4

61.6

65.5

7.1 50,0

7.3 50,0

7.5 50,0

7.7 50,0

7.9 50,0

8.1 50,0

8.3 50,0

8.5 50,0

59

61

63

65

67

69

4Q12 1Q13

Quartely Evolution (R$million)

Financial Prepayment Volume Average Term (days)

CIELO | EBITDA

11

5.8%

13.8%

CIELO | NET INCOME

12

5.0% 13.1%

CIELO | NOTICE TO SHAREHOLDER´S

13

Remuneration Regarding 2H2012

Capital Stock increased to R$ 1 billion Bonus share of 20% April, 29,2013 New Number of Shares 786,115,469

Dividends: R$ 803.5 million or R$1.23 per share

IoE : R$35.9 million or R$0.05 gross per share

Capital increase and Bonus share

IoE = Interest on Equity

INVESTOR RELATIONS CONTACTS

www.cielo.com.br/ri

E-mail: ri@cielo.com.br | Phone: + 55 11 2184 3739/40/41