20140730 apresentação webcast_2_q14-guideline_novo _ eng

Copyright © Cielo | Todos os direitos reservados

2Q14 – EARNINGS PRESENTATION

July 30, 2014


THE COMPANY MAKES FORWARD LOOKINGSTATEMENTS THAT ARE SUBJECT TO RISKS AND UNCERTAINTIES

DISCLAIMER

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


HIGHLIGHTS 2Q14 x 2Q13

Net Income totaled R$797 million ,+25.9% and Net Margin of 43.3%

Cielo and Linx signs memorandum of understanding for a Joint Venture that brings

to Brazil the iPOS (Integrated Point of Sale) concept

Cielo and Smiles establish an commercial agreement to extend Loyaty Program in

the Retail

EBITDA totaled R$ 956 million,+9.3% and EBITDA Margin of 51.9%

Transaction Financial Volume totaled R$125.3 billion, +17.9%

Net Operating Revenue R$ 1.8 billion, +13.6%

3

1st place in the Services category in the ranking from “Biggest and Best from Exame Magazine”

2nd place among the Most Innovative Companies in Brazil in the ranking from INFO Exame magazine

16th place in the ranking of Most Valuable Brands in Brazil. Among the 10 brands that have valued the

most in 2013

one of the 100 most prestigious brands in Brazil according to the Época Negócios magazine

Among the Best Companies to Start a Career in the Você S/A magazine guide

2nd place in the ranking of "The 100 Best in Brazil" according to Corporate Governance Index

Awards


73,120 75,979

46,454 49,359

1Q14 2Q14

2Q13 2Q14

67,246 75,979

39,039

49,359

TRANSACTION FINANCIAL VOLUME

The financial volume does not include Merchant E-Solutions transactions, i.e., it comprises the financial volume of the domestic market only.

119,574 125,338

106,284

125,338

17.9%

4.8%

4

Annual Evolution (R$ million)

Quarterly Evolution (R$ million)

Credit Debit


FINANCIAL VOLUME EVOLUTION GROWTH

5

2012

2013 2014

The financial volume does not include Merchant E-Solutions transactions, i.e., it comprises the financial volume of the domestic market only.

26.7%

22.9%

19.6%

12.4% 11.8%

14.3%

17.7%

23.3% 22.5%

17.9%

1Q 2Q 3Q 4Q


NUMBER OF TRANSACTIONS

1Q14 2Q14

2Q13 2Q14

556 625

602 734

1,359 1,158

17.3%

6

592 625

727 734

1,359 1,318

3.1%

Quarterly Evolution (million)

Annual Evolution (million)

The number of transactions does not include Merchant E-Solutions transactions, i.e., it comprises the number of transactions of the domestic market only

Credit Debit


OPERATIONAL INDICATORS

7

1,743 1,867 1,899

1,324 1,435 1,473

2Q13 1Q14 2Q14

1.7%

11.3%

2.6%

POS Terminals Points of Sales Merchants (30 days)*

9.0%

Annual and Quarterly Evolution (Thousand)

* Points of Sales Merchants are those that have made at least a single transaction in the last 30 days .


1Q14 2Q14

2Q13 2Q14

NET OPERATING REVENUE

Net Operating Revenue

1,619.8

1,840.7

13.6%

1,817.7 1,840.7

1.3%

8



Copyright © Cielo | Todos os direitos reservados 9

659.7 703.8

259.2 285.2

COSTS + EXPENSES

Costs +

Expenses per

transaction 2Q13 2Q14

Total (R$ cents)

0.73 0.73

610.4 703.8

235.5

285.2

989.0

845.8

16.9%

Costs +

Expenses per

transaction

1Q14 2Q14

Total (R$ cents)

0.70 0.73

989.0 918.9

7.6%

Costs Expenses

1Q14 2Q14

2Q13 2Q14




268.1

439.1

143.1

218.1

410.2 439.1

191.0 218.1

PREPAYMENT OF RECEIVABLES

1Q14 2Q14

2Q13 2Q14

63.8%

10

52.4%

Gross Revenue of Prepayment of Receivables Net Revenue of Prepayment of Receivables*

7.0%

14.2%



*Net of Cost of Funding Managerial


1Q14 2Q14

2Q13 2Q14

PREPAYMENT OF RECEIVABLES INDICATORS

28.2%

-0.4%

11



Average

Term 2Q13 2Q14

# Business

Days 41.5 39.3

# Calendar

Days 59.6 56.9

Average

Term 1Q14 2Q14

# Business

Days 39.5 39.3

# Calendar

Days 58.4 56.9

% Prepayment over Total Credit Volume Financial Volume of Prepayment

10,580

13,566

15.7 17.9

13,618 13,566

18.7 17.9


1,001.4 955.5

1Q14 2Q14

2Q13 2Q14

EBITDA

9.3%

-4.6%

12

873.9 955.5

54.0

51.9

55.1

51.9



EBITDA MARGIN EBITDA


633.1

796.8

NET INCOME

1Q14 2Q14

2Q13 2Q14

25.9%

13

-0.7%

39.1 43.3

802.7 796.8

44.2 43.3

NET MARGIN NET INCOME




INVESTOR RELATIONS

www.cielo.com.br/ir

E-mail: [email protected]

Phone: + 55 11 2596-8458

20140730 apresentação webcast_2_q14-guideline_novo _ eng

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