Mastercard Investor Presentation — January 2017

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January 31, 2017 Mastercard

Fourth -Quarter and Full -Year 2016 Financial Results Conference Call©2017 Mastercard.

Financial & Operational Overview

Business Highlights©2017 Mastercard.

4th Quarter Selected Financial Performance

($ in millions, except per share data)

Note: Figures may not sum due to rounding.

* Represents effect of excluding a special item relating to the U.K. merchant litigation provision. See Appendix A for Non-GAAP

reconciliation.YOY Growth

Non -GAAP * 4Q 15 Non -GAAP * Neutral

Net revenue $ 2,756 $ 2,517 9% 10%

Total operating expenses 1,383 $ 1,410 (2)% (1)%

Operating income 1,37 3 1,107 24% 23%

Operating margin 49.8 % 44.0 % 5.8 ppts 5.4 ppts

Net income $ 940$ 890 6% 5%

Diluted EPS $ 0.86 $ 0.79 9% 7%

Effective tax rate 28.7 % 13.1 %©2017 Mastercard.

9% Adjusted Growth*($ in billions)4th Quarter Gross Dollar Volume (GDV)

3% GrowthRest of World

11% Adjusted Growth*

* Adjusted for the impact of recent EU regulatory changes

Notes: 1. Growth rates are shown in local currency

2. Figures may not sum due to rounding

$378 $388$823 $844©2017 Mastercard.

4th Quarter Switched Transactions and Cards

Note: Figures may not sum due to roundingSwitched Transactions

1,669©2017 Mastercard.

Note: Figures may not sum due to rounding.

AssessmentsCross- Border

Volume FeesTransaction

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