Cielo - 17.6% Increase in Financial Volume, Net Income of R$689 Million and EBITDA Margin of 53.5% in 3Q13

BARUERI, Brazil, Nov. 4, 2013

3Q13 HIGHLIGHTS

• Transaction financial volume in the market criterion totaled R$113.2 billion, up 17.6% year-on-year, or R$16.9 billion; in the accounting criterion, the volume was R$112.8 billion, up 17.8% year-on-year or R$17.0 billion;
• Net Operating Revenue of R$1.7 billion, up 31.6% or R$417.6 million year-on-year and 8.4% or R$134.4 million quarter-on-quarter;
• Net revenue from Prepayment of Receivables* totaled R$146.7 million, up 9.5% or R$12.7 million year-on-year and 8.9% or R$12.0 million quarter-on-quarter;
• Prepayment of Receivables reached 16.6% over total credit volume, increase of 6.1 p.p. year-on-year and up 0.5 p.p. quarter-on-quarter;
• EBITDA of R$929.7 million, up 19.0% or R$148.7 million year-on-year andincrease of 8.2% or R$70.6 million quarter-on-quarter;
• EBITDA margin at 53.5%, down5.6 p.p. year-on-year and stable quarter-on-quarter;
• Cielo's net income totaled R$689.2 million, up 17.0% or R$100.3 million year-on-year andup 10.6% or R$65.9 million quarter-on-quarter;
• Cielo's net income margin at 39.6%, down4.9 p.p. year-on-year and increase of 0.8 p.p. quarter-on-quarter;

*Net funding costs revenue (see explanation in management analysis of Prepayment of Receivables Revenue)

Click on the link below to open the earnings release:

http://cielo.riweb.com.br/ShowResultado.aspx?IdResultado=a36dxQo7tRWDRSBCw45ERg==&linguagem=en

3Q13 Earnings Conference Call
November 05, 2013

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