20141028 apresentação webcast_3_q14_ eng_19h40

Copyright © Cielo | Todos os direitos reservados

3Q14 – EARNINGS PRESENTATION

October 29, 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 3Q14 x 3Q13

Net Income totaled R$817 million ,+18.5% and Net Margin of 42.2%

EBITDA totaled R$ 957 million,+2.9% and EBITDA Margin of 49.4%

Transaction Financial Volume totaled R$128.8 billion, +13.8%

Net Operating Revenue R$ 1.9 billion, +11.6%

3

By 4th consecutive time Cielo reaches 1st place in the Financial Services category in the

ranking “As Melhores da Dinheiro” (The Best from Dinheiro), IstoÉ Dinheiro magazine.

1st place in the category Specialized Services in the ranking Valor 1000, newspaper Valor

Econômico – Awarded by 7th time

Elected among the The Best Companies of the Year and 1st place in the Financial Services

category in yearbook prize of Época 360º, Época Negócios magazine - Awarded for 3rd consecutive

time;

17th most valuable brand in the ranking “Ranking BrandZ”, from Millward Brown in a partnership

with WPP;

Cielo is elected “The Best Company in Latin America” in 2014, Institutional Investor magazine. Best

Executive Team, by both buy side and sell side;

Cielo is among the “Greatest Places to Work” and the 1st place in the category Banks and Financial

Services, Você SA magazine;

Awards

Financial Services company that creates more value in the ranking “Mais Valor Produzido” (More Value

Created), Consumidor Moderno magazine;


75,979 78,574

49,359 50,196

2Q14 3Q14

3Q13 3Q14

70,759 78,574

42,442 50,196

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.

125,338 128,770

113,201 128,770

13.8%

2.7%

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%

14.4%

17.7%

23.3% 22.5%

17.9%

13.8%

1Q 2Q 3Q 4Q

9M12x9M11 9M13x9M12 9M14x9M13

22.4% 15.1% 17.8%


NUMBER OF TRANSACTIONS

2Q14 3Q14

3Q13 3Q14

587 637

664 777

1,414 1,252

13.0%

6

625 637

734 777

1,414 1,359

4.1%

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

1,751 1,899 1,935

1,370 1,473

1,541

3Q13 2Q14 3Q14

1.9%

12.5%

4.6%

POS Terminals Points of Sales Merchants (30 days)*

10.5%

Annual and Quarterly Evolution (Thousand)

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


2Q14 3Q14

3Q13 3Q14

NET OPERATING REVENUE

Net Operating Revenue

1,737.5 1,938.5

11.6%

1,840.7 1,938.5

5.3%

8



Copyright © Cielo | Todos os direitos reservados 9

703.8 781.3

285.2 306.6

COSTS + EXPENSES

Costs +

Expenses per

transaction 3Q13 3Q14

Total (R$ cents)

0.72 0.77

655.1

781.3

250.0

306.6

1,087.9

905.1

20.2%

1,087.9 989.0

10.0%

Costs Expenses

2Q14 3Q14

3Q13 3Q14



Costs +

Expenses per

transaction 2Q14 3Q14

Total (R$ cents)

0.73 0.77

Costs +

Expenses per

transaction 2013 9M 2014

Total (R$ cents)

0.72 0.73


243.8

404.7

146.7

239.9

351.6 404.7

218.1 239.9

PREPAYMENT OF RECEIVABLES

2Q14 3Q14

3Q13 3Q14

66.0%

10

Prepayment of Receivables Result Net Revenue of Prepayment of Receivables*



*Net of Cost of Funding Managerial

63.5%

15.1%

10.0%

From this quarter the

prepayment of receivables

result shown will be net of

adjustment to present value,

and interest on prepayment

of receivables with issuers


2Q14 3Q14

3Q13 3Q14

PREPAYMENT OF RECEIVABLES INDICATORS 18.6%

2.2%

11



Average Term 3Q13 3Q14

# Business

Days 41.5 39.1

# Calendar

Days 59.2 55.6

% Prepayment

over Total

Credit Volume

16.5% 17.7%

Pre-paid volume from credit in installments Pre-paid volume from regular credit

2,854.8

4,906.8

8,840.5

8,961.5 11,695.3

4,289.5 4,906.8

9,276.3 8,961.5

Average Term 2Q14 3Q14

# Business

Days 39.3 39.1

# Calendar

Days 56.9 55.6

% Prepayment

over Total

Credit Volume

17.9% 17.7%

13,868.3

13,868.3 13,565.8


955.5 957.3

2Q14 3Q14

3Q13 3Q14

EBITDA

2.9%

0.2%

12

930.2 957.3

53.5% 49.4%

51.9%

49.4%



EBITDA MARGIN EBITDA


689.5

817.4

NET INCOME

2Q14 3Q14

3Q13 3Q14

18.5%

13

2.6%

39.7% 42.2%

796.8 817.4

43.3% 42.2%

NET MARGIN NET INCOME




INVESTOR RELATIONS

www.cielo.com.br/ir

E-mail: [email protected]

Phone: + 55 11 2596-8458

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