Cielo - 19.5% Increase in Financial Volume and EBITDA Margin of 58.5% in 3Q12

Cielo - 19.5% Increase in Financial Volume and EBITDA Margin of 58.5% in 3Q12

PR Newswire

BARUERI, Brazil, Oct. 23, 2012

BARUERI, Brazil, Oct. 23, 2012 /PRNewswire/ -- Cielo S.A. (Bovespa: CIEL3 /
OTC: CIOXY) announces today its results for the third quarter of 2012. The
Company's consolidated financial statements are presented in accordance with
the International Financial Reporting Standards (IFRS) issued by the
International Accounting Standards Board (IASB) and in accordance with the
accounting practices adopted in Brazil.

  oTransaction financial volume under the market criterion totaled R$96.3
    billion, up 19.5% or R$15.7 billion year-on-year; under the accounting
    criterion, the volume was R$95.8 billion, up 20.0% year-on-year;
  oTotal revenues (net operating + prepayment of receivables) totaled R$1.6
    billion, up 28.1% or R$340.7 million year-on-year and 5.5% or R$81.5
    million quarter-on-quarter;
  oEBITDA of R$782.5 million, up 32.1% or R$190.2 million year-on-year and
    11.0% or R$77.4 million quarter-on-quarter;
  oEBITDA margin at 58.5%, up 2.4 p.p. year-on-year and up 2.6 p.p.
  oCielo's net income totaled R$588.9 million, up 28.7% or R$75.7 million
    year-on-year and 7.3% or R$40.0 million quarter-on-quarter;
  oCielo's adjusted net income margin at 38.0%, up 0.2 p.p. year-on-year and
    0.7 p.p. quarter-on-quarter;
  oCielo concluded the acquisition of 100% of the capital stock of U.S.
    company Merchant e-Solutions (MeS), a global provider of payment
    solutions, reinforcing its strategy of differentiation;
  oCielo wins the "Best and Biggest" award from  Exame magazine for the sixth
    consecutive year as the best service industry company. The Company was
    also chosen for the twelfth consecutive year as one of the "Best Companies
    To Work For" by the guide in Voce S/A magazine, and was also awarded best
    financial services company in the Epoca Negocios 360o Annual Report from
    Epoca Negocios  magazine. Cielo was also recognized as the best financial
    services company in the " As 1000 melhores da Dinheiro 2012" ranking from
    Istoe Dinheiro magazine. Additionally, Cielo achieved the top spot in the
    Institutional Investor Magazine general  ranking in: Best IR Team, Best
    CEO, Bet CFO and Best IR Professional in the Financials ex-Banks sector
    according to both the buy-side and the sell-side in Latin America.

Click on the link below to open the earnings release:

3Q12 Earnings Conference Call
October 24, 2012

09:30 a.m. (NY) | 11:30 a.m. (Brasilia)
Phone: +1 786 924-6977
Code: Cielo

08:00 a.m. (NY) | 10:00 a.m. (Brasilia)
Phone: +55 11 4688 6361
Code: Cielo

Investor Relations Director
Roberta Noronha
+55 11 2596 1735

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