#1Visa Inc. 2017 Investor Day Europe Bill Sheedy CEO, Europe Everywhere You Want to Be VISA#2Key Takeaways ● ● ● ● ● ● Acquisition integration on track Market structure and diversity present growth opportunities Complex regulatory landscape creates challenges and opportunities Digital capabilities position us to compete with faster payments Engaging with merchants and domestic processors to accelerate our processing growth Our approach is tailored by market A VISA#3Europe Acquisition Integration Status Update MICH Leverage Global Scale Deliver Innovation and Digital Capabilities. Deepen Client Relationships and Secure Volumes Transform from Association VISA#4Leverage Global Scale ● ● ● ● Our Thesis Bring benefits of global scale and resources Fully integrate systems Achieve efficiencies in headcount, purchasing, and technology Capture $200MM in pre-tax cost synergies annually by FY20 ● ● Status Acquisition integration on track Streamlined organization and outperforming on cost metrics VISA#5Deliver Innovation and Digital Capabilities ● ● ● Our Thesis Accelerate roll-out of innovation platforms and solutions including Visa Developer Platform, Checkout, and Token Service Leverage strategic partnerships Enhance product suite with value added services such as TrialPay, Cardinal Commerce, and CyberSource ● ● ● ● Status Accelerated launch of Visa Checkout and Token Service Opened London innovation center and launched Visa Developer Platform Leveraging global partnerships like PayPal and Uber Initiated fresh product roadmap across Europe [Illª VISA#6Deepen Client Relationships and Secure Volumes ● Our Thesis Deliver a seamless experience for global clients Facilitate client growth via innovative products, services and competitive mindset ● ● Status Migrating to longer-term contracts with performance triggers Unified global client service VISA#7Transform from Association ● ● ● Our Thesis Improve net revenue yield Align pricing with client value Instill client-centricity in culture and decision- making ● Status ● Introduced faster decision-making and international pricing • Net revenue yield exceeding our expectations Strengthening management team VISA#8Europe 45 Countries and Territories 3,302 Financial Institutions 13MM Merchant Locations $1.7T Payments Volume 542MM Cards Visa Payments Volume ● Europe Region 24% Visa Processed Transactions • Europe Region 22% UK&I Nordics & Baltics Central France Europe Southern Europe Central & Eastern Europe South Central Europe standar Source: Visa Operating Certificates CY2016. Merchant locations are provided by Visa's issuing and acquiring financial institutions; card counts include cards carrying the Visa, Visa Electron, V PAY and Interlink brands as well as PLUS proprietary cards. VISA