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Cielo - 23.3% Increase in Financial Volume and Net Income of R$721 Million in 4Q13



Cielo - 23.3% Increase in Financial Volume and Net Income of R$721 Million in
                                     4Q13

PR Newswire

BARUERI, Brazil, Jan. 28, 2014

BARUERI, Brazil, Jan. 28, 2014 /PRNewswire/ -- Cielo S.A. (BM&FBOVESPA: CIEL3
/ OTCQX: CIOXY) announces today its results for the fourth quarter and year 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.

4Q13 HIGHLIGHTS

  o Change in the methodology that the Company uses to account revenues from
    commissions from credit card installment sales; all the information and
    financial statements presented are already in accordance with the new
    criterion;
  o Transaction financial volume totaled R$131.6 billion, up 23.3%
    year-on-year, or R$24.8 billion; and increase of 16.3% compared to 3Q13,
    or R$18.4 million;
  o Net Operating Revenue of R$1.9 billion, up 14.7% or R$237.3 million
    year-on-year and 6.7% or R$115.9 million quarter-on-quarter;
  o Net revenue from Prepayment of Receivables* totaled R$186.9 million, up
    33.0% or R$46.4 million year-on-year and 27.3% or R$40.1 million
    quarter-on-quarter;
  o Prepayment of Receivables reached 17.3%, over the financial volume of
    credit, up 4.6 p.p. year-on-year and up 0.7 p.p. quarter-on-quarter;
  o EBITDA of R$912.7 million, up 8.9% or R$74.9 million year-on-year and 
    decrease of 1.9% or R$17.5 million quarter-on-quarter;
  o EBITDA margin at 49.2%, down 2.6 p.p. year-on-year and 4.3 p.p.
    quarter-on-quarter;
  o Cielo's net income totaled R$720.7 million, up 16.2% or R$100.3 million
    year-on-year and 4.5% or R$31 million 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=AAPbfc2mbkZgESeVlts5qg==&linguagem=en

4Q13 Earnings Conference Call
January 29, 2014

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

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

Investor Relations Director
Roberta Noronha
rnoronha@cielo.com.br
+55 11 2184-3739

SOURCE Cielo S.A.
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