This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MercadoLibre's CEO Presents At Deutsche Bank Access 2012 Technology Conference - Transcript

MercadoLibre, Inc. (MELI)

dbAccess 2012 Technology Conference

September 12, 2012 6:20 p.m. EDT


Pedro Arnt – CFO


Ross Sandler – Deutsche Bank


Ross Sandler

Okay, we're going to get started. So, thanks for joining us. I'm Ross Sandler, the recently joined member of the Deutsche Bank Internet Research team.

We've got -- we're very excited to have MercadoLibre all the way up here from Argentina to participate in the conference. So we've got Pedro Arnt, the CFO.

Why don't you just give them a quick 60-second overview. I mean, I think most people are familiar with your story, but just give us a quick overview of it, and then we'll hop into questions.

Pedro Arnt

Absolutely. Apologies for being late.

So, MercadoLibre, we've been operating in the region since '99. Started as an idea arbitrage, I believe, we say now as eBay. The business model has evolved significantly and what we have today is an ecosystem of essentially online solutions for merchants and retailers that want to move online.

So we have the marketplace business where we started, which is a marketplace that has certain characteristics that make it a little bit different from our US peer in that 98% of what we retail is done through fixed price, 80% of the goods sold are new goods, 70% of the merchants selling on the marketplace are small-sized retailers. So in many ways it has a flavor more similar to Amazon's 3P business.

We have a business called MercadoPago, which is very similar to what PayPal is in the US. Essentially the strategy there is to become an online payment standard for online transactions. And more recent business units around online advertising, so, search advertising based on our different web properties and MercadoShops, which is a software-as-a-service e-commerce store front solutions that allow us to offer technology to set up web stores for merchants that either want to go multichannel and, in addition to sell on our marketplace, sell on their own URLs or their own brands. And as that product develops and rolls out more features, it will allow us to start targeting midsize and larger retailers and offer them technology.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs