MoneyGram International Inc. (MGI)
Credit Suisse Global Services Conference Call
March 12, 2012
Pamela H. Patsley – Chairman and Chief Executive Officer
Jim Francis Kissane – Credit Suisse (United States)
Jim Francis Kissane
Okay, times running. So I think we'll get going. My name is Jim Kissane. I cover services stocks for Credit Suisse and it's my pleasure to introduce Pam Patsley, the Chairman and CEO of MoneyGram and with Pam is Alex Holmes who runs Corporate Strategy and Investor Relations. After the formal presentation, we'll probably have few minutes for Q&A here. And then there'll be a breakout session in salon G.
So, let me hand it over to Pam. Thank you, Pam.
Pamela H. Patsley
Thanks, Jim. It's great to be here and good afternoon. So, we will start with a quick overview of MoneyGram and a little bit first about who we are and MoneyGram is the second-largest money transfer company and we have market-leading growth. Our vision is to be the preferred provider or network of how consumers and businesses want to send money and receive money around the world.
We have a compelling suite of products and service offerings. We operate through 267,000 points of location around the world and our strong brand is present in a 192 countries. Today we are headquartered in Dallas. We had about $1.25 billion in revenue last year for full year 2011, 2,350 employees or thereabout located around the world. And today 71% of our stock is owned by private equity, 52% THL, 19% Goldman Sachs.