Warren Kneeshaw | Head of IR |
Ajay Banga | President and CEO |
Martina Hund-Mejean | CFO |
Craig Maurer | Autonomous Research |
Moshe Orenbuch | Credit Suisse |
Ramsey El-Assal | Barclays |
Tien-Tsin Huang | JPMorgan |
Lisa Ellis | MoffettNathanson |
James Friedman | Susquehanna |
Eric Wasserstrom | UBS |
Darrin Peller | Wolfe Research |
James Schneider | Goldman Sachs |
Harshita Rawat | Bernstein |
Good morning. My name is Heidi, and I will be your conference operator today. At this time, I would like to welcome everyone to the Mastercard Q4 Full-Year 2018 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.