20140129 apresentação webcast 4 t13 eng

EARNINGS

January 29, 2014

4Q13

Presentation

The 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.

HIGHLIGHTS

Net Income Evolution;

1Q13 2Q13 3Q13 4Q13 2013

Net Income 630,265 633,099 689,498 720,739 2,673,601

Year-on-Year

Growth 12.9% 14.3% 16.2% 16.2% 14.9%

Launch of the evolution of Cielo Mobile, which brings the most complete and secure mobile platform in the market;

Cielo was listed on Corporate Sustainability Index (ISE);

Voted the 11th most valuable brand in Brazil according to the Brazilian Most Valuable Brands 2013 ranking, published by Interbrand consulting;

Best HR professional in Banking industry and Services and the Best CEO as HR Partner in 2013 according to “Você RH” Magazine;

3

Change in the methodology to account for revenues from commissions from credit card installment sales;

TRANSACTION FINANCIAL VOLUME

Quarterly Evolution (R$ million)

67,496 70,759 79,524

39,302 42,442

52,116

4Q12 4Q13 3Q13

113,201

131,640

106,798

Annual Evolution (R$ million)

244,960 279,617

138,368

169,131

2012 2013

448,748

383,329

Credit

Debit

23.3%

16.3%

17.1%

4

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

NUMBER OF TRANSACTIONS


544 587 624

618 664 778

4Q12 3Q13 4Q13

1,252 1,403

1,162


2,062 2,283

2,240 2,618

2012 2013

4,902 4,302

Credit

Debit

20.7%

12.1%

13.9%

5

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

1,727 1,751 1,831

1,329 1,417

1,474

1,282 1,370

1,426

4Q12/2012 3Q13 4Q13/2013

Quarterly and Annual Evolution (Thousand)

10.9%

6.0%

4.6%

4.0%

* Points of Sales Merchants are those that have made at least a single transaction in the last 60 and 30 days . The year is measured based on the closing

11.2%

4.1%

OPERATIONAL INDICATORS

POS Terminals

Points of Sales Merchants (60 days)*

Points of Sales Merchants (30 days)*

6

2012 2013

1,616.2

1,737.5

1,853.5

4Q12 3Q13 4Q13


NET OPERATING REVENUE

NET OPERATING REVENUE

5,385.3

6,734.2


25.0%

14.7%

6.7%

7

COSTS + EXPENSES

2012* 2013

607.9 655.1 727.1

265.2 250.0 313.5

4Q12 3Q13 4Q13


Costs +

Expenses

per

transaction

4Q12 3Q13 4Q13

Total (R$

cents) 0.75 0.72 0.74

1.807,6

2,549.7 795.7

1,000.6 Costs+

Expenses

per

transaction

2012 2013

Total (R$

cents) 0.60 0.72


905.1 1,040.7

873.1

3,550.2

2,603.3

Costs

Expenses

36.4%

19.2%

15.0%

8

*2012 figures were impacted by Merchant E-Solutions in costs and expenses only in 4Q12

2012 2013

PREPAYMENT OF RECEIVABLES

237.5

312.7

393.2

140.5 146.7 186.9

4Q12 3Q13 4Q13


Gross Revenue of Prepayment of Receivables

Net Revenue of Prepayment of Receivables*

33%

65.5%

25.7%

27.3%

848.0

1,201.7

524.0 592.8


13.1%

41.7%

*Net of Cost od Funding Managerial

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2012 2013

8,543

11,695

13,726

12.7 16.6 17.3

4Q12 3Q13 4Q13


Average

Term 4Q12 3Q13 4Q13

#

Business

Days

41.1 41.5 39.7

#

Calendar

Days

61.6 59.2 58.6

PREPAYMENT OF RECEIVABLES INDICATORS

% Prepayment over Total Credit Volume

Financial Volume of Prepayment

26,409

44,286

10.8

15.9

Average

Term 2012 2013

#

Business

Days

39.9 41.5

#

Calendar

Days

58.7 60.3


60.7%

17.4%

67.7%

10

2012* 2013

837.8

930.2 912.7


EBITDA

3,097.9

3,575.2

57.5 53.1


EBITDA MARGIN

EBITDA

51.8 53.5

49.2

8.9%

15.4%

4Q12 3Q13 4Q13

-1.9%

11

*2012 figures were only impacted by Merchant E-Solutions in 4Q12

2012* 2013

620.5

689.5

720.7

38.4 39.7 38.9

4Q12 3Q13 4Q13


NET INCOME

2,326.2

2,673.6

43.2

39.7


NET MARGIN

NET INCOME

* 2012 figures were only impacted by Merchant E-Solutions in 4Q12

16.2%

4.5%

14.9%

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REMUNERATION

REGARDING 2H2013

REMUNERATION

REGARDING 2013

CAPITAL INCREASE

AND BONUS

SHARE

Dividends: R$ 914.8 million or R$1,17 per share

IoE: R$46.0 million or R$0.06 gross per share

IoE : R$ 95.4 million or R$0.12 gross per share

Dividends: R$ 1.706 billion or R$2.17 per share

Capital Stock will increase to R$ 2 billion

Bonus Share of 100% March, 31, 2014

New Number of Shares 1,572,230,938

NOTICE TO

SHAREHOLDER´S

IoE= Interest on Equity

70% of Payout

13

RELATIONS www.cielo.com.br/ri

E-mail: [email protected]

Phone: + 55 11 2184-7722

INVESTOR

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