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

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

PR Newswire

BARUERI, Brazil, Nov. 4, 2013

BARUERI, Brazil, Nov. 4, 2013 /PRNewswire/ -- Cielo S.A. (BM&FBOVESPA: CIEL3 /
OTC: CIOXY) announces today its results for the third quarter of 2013. 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 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
  oNet 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;
  oNet 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
  oPrepayment 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;
  oEBITDA of R$929.7 million, up 19.0% or R$148.7 million year-on-year and 
    increase of 8.2% or R$70.6 million quarter-on-quarter;
  oEBITDA margin at 53.5%, down  5.6 p.p. year-on-year and stable
  oCielo's net income totaled R$689.2 million, up 17.0% or R$100.3 million
    year-on-year and  up 10.6% or R$65.9 million quarter-on-quarter;
  oCielo's net income margin at 39.6%, down  4.9 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:

3Q13 Earnings Conference Call
November 05, 2013


09:00 a.m. (NY) | 12:00 p.m. (Brasilia)
Phone: +1 786 924-6977
Code: Cielo


07:30 a.m. (NY) | 10:30 a.m. (Brasilia)
Phone: +55 11 4688 6361/+ 55 11 2104-8901
Code: Cielo

Investor Relations Director
Roberta Noronha
+55 11 2184-3739


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