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 /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.

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 and increase of 8.2% or R$70.6 million quarter-on-quarter;
• EBITDA margin at 53.5%, down 5.6 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 and up 10.6% or R$65.9 million quarter-on-quarter;
• Cielo'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:

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

3Q13 Earnings Conference Call
November 05, 2013

ENGLISH

09:00 a.m. (NY) | 12:00 p.m. (Brasilia)
Phone: [phone]
Code: Cielo

PORTUGUESE

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

Investor Relations Director
Roberta Noronha
[e-mail]
[phone]

SOURCE Cielo S.A.