1 Banco do Brasil 1Q10. 2 Disclaimer The tables and charts in this presentation show the financial...
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1 Banco do Banco do Brasil Brasil 1Q10 1Q10
Transcript of 1 Banco do Brasil 1Q10. 2 Disclaimer The tables and charts in this presentation show the financial...
1
Banco do Banco do BrasilBrasil
1Q101Q10
2
DisclaimerDisclaimer
The tables and charts in this presentation show the financial numbers, rounded, in
R$ millions. The columns of variation and the totalizers expand upon the financial
figures and not the rounded numbers in R$ millions. The used roundings follows the
rules established by Resolution 886/66 of Foundation IBGE: If the last digit is less
than 5, it increases by one unit the last digit to stay; if the last figure is less than 5,
the last digit to stay remains unchanged. The variations in both percentage and
nominal, were calculated using numbers in units.
Banco do Brasil is doing a stock offering. Read carefully the Offering
Memorandum, specially the "Risk Factors" section.
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Price Index IPCA¹ - % Interest Rate Selic² - %
Total Payroll Index³
(3) Base 100 May/2002Source: IBGE
Unemployment4 - %
(4) 12 months averageSource: IBGE
Economic EnvironmentEconomic Environment
(1) 12 monthsSorce: IBGE
(2) End of PeriodSource: Central Bank
3.1
4.5
5.9
4.3
5.2
2006 2007 2008 2009 Mar/10
13.25
11.25
13.75
8.75 8.75
2006 2007 2008 2009 Mar/10
107.5 112.8 120.6 123.2 125.7
2006 2007 2008 2009 Mar/10
10.0 9.37.9 8.1 7.8
2006 2007 2008 2009 Mar/10
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43.049.4 50.0
59.970.1
86.8100.3
112.3105.5 105.3
2006 2007 2008 2009 1Q10
Banking IndustryBanking Industry
Banking Industry Loan Portfolio - R$ trillion Banking Industry Loan Operations¹ - R$ billion
Credit RiskConsumer Loans² - R$ billion
Allowance / Portfolio - %
Loan/GDP - % Public Private
Mortgage PayrollVehicle
Past Due Loan + 90 dias / Loan Portfolio - %(1) Loan as reference for interest rate(2) Free Resources Source: Central Bank
BusinessesIndividuals
0.3 0.3 0.4 0.6 0.6
0.6 0.60.8
0.8 0.8
30.2 33.439.7
45.0 45.0
2006 2007 2008 2009 1Q10
6.25.5 5.3
7.26.7
3.73.2 3.2
4.44.0
2006 2007 2008 2009 1Q10
35.7 45.8 63.3 91.9 100.848.164.7
78.9106.2 114.8
77.4111.6
139.1
157.1163.1
2006 2007 2008 2009 1Q10
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Board of Officers
Internal Audit
Board of Directors
Shareholders General Meeting
Board of Auditors
Directorships
Audit Committee
CEO
VP of International
Businessand Wholesale
Foreign Trade
Commercial
International
VP ofRetail Business
VP ofRetail and
Distribution
VP ofAgribusiness
VP ofGovernment
VP ofFinance,
Capital Marketsand IR
VP of Technology and Logistics
VP ofPeople Management
and Sustainable Development
VP of Credit,
Controllership and Global Risk
Cards
Loans and Financing
Insurance,Pension Plans and
Capitalization
Distribution and RetailChannels
High Income
Agribusiness Government
Pension Fund Management
Finance
Capital Markets
and Investment
Investor Relations
Logistics
Technology
SoftwareDevelopment
IT Infraestructure
OperationalSupport
People Management
Relations with Employees and
Sponsored Entities
Controllership
Credit
RiskManagement
Reestructuringof Operational
Assets
Accounting
Internal Controls
Strategyand
Organization
SecurityManagement
Legal
Marketing andCommunication
ExecutiveSecretariat
Units
Micro and Small
Enterprises
Retail
Channel Mannagement
Position: Mar.31, 2010
Sustainable Development
São Paulo Distribution
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COBRABB-99,88% ON99,94% Total
BI-0,00653% ON 0,00327% Total
BB LEASING
BB - 100% ON 100% Total
BBCARTÕES
BB - 100% ON 100% Total
BB LEASING Co. LTD
BB - 100% ON 100% Total
BB DTVM
BB -100% ON 100% Total
BBCORRETORA
BB - 100%ON 100% Total
BAMBBB -100% ON
100% Total
BBCONSÓRCIOS
BB - 100% ON 100% Total
BANCO DO BRASIL
SECURITIES LLC BB - 100% ON
100% TotalBB
SECURITIESBAMB -100% ON
100% Total
BB TURISMO BAMB - 99% ONBB Leasing - 1% ON
100% Total
ATIVOS S.A. BB BI - 49% ON
74,50 % TotalBAMB - 51% ON 25,50% Total
BANCO DO BRASIL
M A N A G E D
BB PREVIDÊNCIA Closed Private Pension Entity
S P O N S O R E D
CASSI PREVIFBB
C O N T R O L L E D
BANCO POPULAR DO BRASIL
BB -100% ON 100% Total
F O U N D A T I O N
Banco do BrasilNational Treasury 51,8991 % Previ 10,3720 %BNDESPAR 2,4285 % Individuals 5,2918 %Businesses 4,7951 % Foreign Capital 11,7275 %Treasury Stock 0,1099 % PPP Guarantee Fund 2,3348%Export Guarantee Fund 8,9266 % FGHAB Fund 0,0652%Naval Constr. Garantee Fund 1,7511% Investment Gar. Fund 0,2918%
BANCO VOTORANTIM
BB 49,99% ON 50% Total
BESCVALBESCREDI BESCLEASING BB -100% ON 100% Total
BB BIBB - 100% ON
100% Total
BRASILPREV
BB Seguro 49,99% ON 49,99% Total
BRASILSAÚDE
BB Seguros 49,99% ON 49,99% Total
BRASILCAP
BB Seguros 49,99% ON 49,99% Total
BRASIL VEÍCULOS
BB Seguros 40% ON 70% Total
Strategic Participation
Insurance GroupInsurance Group
BB SEGUROS PARTICIPAÇÕES
BB SEGUROS PARTICIPAÇÕES
BB – 100% ON 100%Total
CADAM
BB 56,19% PN 21,64% Total
Participação Não Estratégica
Participações Estratégicas
A F F I L I A T E D C O M P A N I E S / BB BI H O L D I N G S
NOSSA CAIXA ADM. DE CARTÕES
BB – 100% ON 100% Total
CIBRASEC
BB-BI 9,09% ON 9,09% Total
BB 3,03% ON 3,03 % Total
CIELO
BB BI 23,54% ON 23,54% Total
VISA VALE
BB BI 35,00% ON
40,35% Total
TECBAN
BB BI 13,53% ON 13,53%% Total
Other Participation
Aliança do Brasil
100% ON 100% Total
BB BI
BB ALIANÇA PARTICIPAÇÕES
NOSSA CAIXA CAPITALIZAÇÃO
BB – 100% ON 100% Total
BB ALIANÇAPARTICIPAÇÕES
BB – 100% ON 100%Total
CADAM
BB 56,19% PN 21,64% Total
Non-strategic Participation
Strategic Participation
BANCO VOTORANTIM
BB 49,99% ON 50% Total
MAPFRE NOSSA CAIXA
BNC 49% ON 49% TotalEBP
BB BI 11,11% ON 11,11 Total
BB USA HOLDING COMPANY, INC.BB AG -100% ON 100% Total
BB MONEY TRANSFERS, INC.
BB USA HoldCo-100% ON
100% Total
BANCO DO BRASIL AG
VIENABB -100% ON
100% Total
ITAPEBI
BB-BI 19% ON 19% Total
KEPLER WEBER
BB-BI 18,94% ON 17,65% TotalBBDTVM 0,0245% ON 0,0228% Total
PRONORBB 1,77% PN 1,05% TotalBB-BI 5,51% PN 3,27% TotalBBDTVM 29,51% ON 12,02% Total
NEOENERGIA
BB-BI 8,81% ON 11,99% Total
Non-strategic Participation Strategic Participation
SBCE
BB-BI 12,088% ON 12,088% Total’’
Position: Mar.31, 2010
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Ownership StructureOwnership Structure
7.210.0 11.3 11.8 11.7
7.6
11.7 10.2 10.0 10.2
2006 2007 2008 2009 Mar/10
65.3
11.7
10.2
2.4
10.4
Participation Free Float - %
14.8
21.5 21.8 21.921.7
BNDESPar
Foreign Investors
National Treasury
PREVI Others
Free float: 21,9%
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Share’s PerformaceShare’s Performace
2.53.1
1.3
2.1 2.0
2006 2007 2008 2009 1Q10
1.00.8
1.41.6
0.4
2006 2007 2008 2009 1Q10
2.52.0
3.44.0
0.9
2006 2007 2008 2009 1Q10
8.6
14.9
4.37.5 7.1
2006 2007 2008 2009 1Q10
Dividends and Interest onOwn Capital / Share – R$
Price / Book Value
Price / Earnings¹Earnings / Share – R$
(1) Profit in 12 months
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Share’s PerformaceShare’s Performace
Mar/102005 2006 2007 2008 2009
BB Bradesco Itaú IBOVESPA
112.2
61.2
90.5
110.3
10
ProfitabilityProfitability
6.05.1
8.8
10.1
1.72.4
28.023.8
30.732.526.932.1
2006 2007 2008 2009 1Q09 1Q10
52.8
75.3
37.7
76.3
43.3
76.7
0.9
2.4 2.0 3.5 4.10.7
2006 2007 2008 2009 1T09 1Q10
Net Income – R$ billion
ROE - %
Market Capitalization
Dividends and Interest on Own Capital – R$ billion
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AssetsAssets
R$ billion
296.4367.2
521.3
708.5 724.9
16.8 15.617.2
22.0 22.0
2006 2007 2008 2009 Mar/10
CAGR = 31.7%CAGR = 31.7%
1
1 Data as of Dec/09
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5.64.9 4.3
4.0 4.3
9.59.710.910.711.7
2006 2007 2008 2009 Mar/10
Capital StructureCapital Structure
20.8
24.3
29.9
36.137.6
2006 2007 2008 2009 Mar/10
17.3
15.213.7 13.8
15.6
Basel
Tier II Tier IShareholder’s Equity – R$ billion
13
76.9 85.5149.6
193.5 197.949.372.3
91.1
160.8 157.9
36.7
45.8
55.0
75.7 78.7
40.1
51.3
51.9
56.5 55.0
5.2
5.6
14.3
11.8 11.0
2006 2007 2008 2009 Mar/10
FundingFunding
208.1
362.0
498.4 500.5
260.6
R$ billion
Demand Deposits
Money Market Borrowing Saving Deposits
OtherTime Deposits
CAGR (%): 31.0
10.2
43.1
26.5
26.2
33.8
14
24.0 32.0 48.891.8 95.151.9
65.5
97.2
125.3 128.1
45.151.9
63.7
66.4 64.9
17.517.3
15.1
11.412.2
2006 2007 2008 2009 Mar/10
16.5 16.0 17.120.1 19.8
Credit PortfolioCredit Portfolio
Businesses AgribusinessIndividuals AbroadMarket Share² - %
(1) Portfolio Balance considering BV(2) Domestic Credit Portfolio
133.2
224.8
300.8 305.6
160.7
R$ billion CAGR (%): 29.1
11.9
52.8
32.0
11.8
15
8.3 11.9 17.6
36.5 38.59.9
11.014.4
21.2 22.0
2.83.8
7.6
9.3 8.9
20.7 21.0
2.4 2.7
6.7
3.00.9
2.5
2.32.1
1.91.5
2006 2007 2008 2009 Mar/10
Consumer FinanceConsumer Finance
Overdraft Accont
MortgageVehicle Loan
Credit Card
Other
Payroll Loans
24.0
48.8
91.8 95.1
32.0
* BV and BNC are included since 2009
R$ billionCAGR (%): 52.8
42.3
27.9
60.3
162.1
8.2
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Credit to BusinessesCredit to Businesses
33.6 40.962.3
80.4 82.918.324.6
34.9
44.9 45.2
2006 2007 2008 2009 Mar/10
51.9
97.2
125.3 128.1
65.5
SMEMiddle and Corporate Enterprises
* BV and BNC are included since 2009
R$ billion
CAGR (%): 32.0
32.0
32.0
17
36.6 40.245.2 47.3 47.7
8.511.7
18.519.2 17.2
2006 2007 2008 2009 Mar/10
Credit to AgribusinessCredit to Agribusiness
R$ billion
45.1
63.766.4 64.9
51.9
BusinessesIndividuals
CAGR (%): 11.9
8.5
24.2
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Without insuranceWith insurance
Crop Insurance Breakdown - %Working Capital (R$ billion)
59.6%
72.5%
71.9%
39.1%
75.6%
*until March/2010
Reinsurance
IRB24%
Partner RE15%
Swiss RE15%
Scor RE15%
Hannover RE3%
Catlin RE3%
Münchener Rück do Brasil
10%
Demais10%
Mapfre RE4%
Everest RE1%
Credit to AgribusinessCredit to Agribusiness
R$ milhões Total Segurado % Segurado
North 135.2 80.6 59.6%
Northeast 499.8 362.5 72.5%
Midwest 2,307.7 1,658.8 71.9%
Southeast 4,107.6 1,607.2 39.1%
South 5,779.4 4,371.7 75.6%
Total 12,829.7 8,080.8 63.0%
Working Capital
11.6 15.5 12.8
63%62%50%
37%38%50%
Crop 2007/2008 Crop 2008/2009 Crop 2009/2010*
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(1) Average Loan Portfolio and 12 months expenses(2) Without one-off items(3) Net of credit recovery
Required and Additional Provision / Loan Portfolio - %
Past Due Loans + 90 days / Loan Portfolio - %
Provision Charges² - R$ million
Provision Charges / Loan Portfolio¹ - %
Annualized Net Loss³ / Loan Portfolio - %
Credit RiskCredit Risk
5,743 5,3806,800
11,629
2,491 3,026
4.5
5.0
3.7 3.6
4.6
3.8
2006 2007 2008 2009 1Q09 1Q10
6.06.26.16.46.5
3.13.32.42.72.5
2.62.2
1.51.42.3
2006 2007 2008 2009 Mar/10
20
Net Interest IncomeNet Interest Income
21.6 25.334.5
41.7
9.0 12.5
15.114.7
23.9
23.6
6.36.1
2006 2007 2008 2009 1Q09 1Q10
18.120.8
24.5
33.1
7.09.4
R$ billion
36.7
58.4
65.3
15.3
40.0
Other Interest Revenues
Loans RevenuesNet Interest Income
18.6
21
Global NIM¹ - %
Cumulative Selic² - %
Global NIM¹/Cumulative Selic² - %
NIM by Product NIM vs. Selic
Agribusiness - %
Businesses - %
Individuals - %
(1) Net Interest Income over Earning Assets (3) Includes loan fees from Banco Votorantim(2) Annualized
NIMNIM
28.725.4
21.018.7
5.5 6.3 5.1 5.3 5.6
18.2
8.1 6.9 6.7 7.2 6.7
2006 2007 2008 2009 1Q10
53.764.0 67.0
8.1 7.6 7.0 6.7 6.5
77.6
55.8
15.1 11.9 12.5 9.9 8.4
2006 2007 2008 2009 1Q10
22
13.7 14.3 16.119.7
4.1 5.7
28.930.9
35.2
48.4
9.812.8
44.942.0
40.745.646.247.5
2006 2007 2008 2009 1Q09 1Q10
ProductivityProductivity
Administrative Expenses1 Operating Income1
Cost / Income Ratio without one-off items - %
(1) Without one-off items
23
ProductivityProductivity
7.9 7.88.7
10.5
2.12.9
8.99.9
11.8
13.5
2.93.6
118.7112.9
127.7136.2
128.2131.9
2006 2007 2008 2009 1Q09 1Q10
Personnel Expenses1 Fee Income
Coverage Ratio without one-off items - %
(1) Without one-off items
24
41.7 47.2 52.7 56.0 53.0 58.4
14.121.3
25.4 26.1 25.228.0
24.037.9 50.1 66.2
88.6
18.0
2006 2007 2008 2009 Mar/09 Mar/10
Credit and Debit CardsCredit and Debit Cards
Credit Cards Issued - million Debit Cards Issued - million
Revenues – R$ billion
CAGR (%)
23.5
10.9
33.155.8
78.182.1
78.268.5
(1) Dado Anualizado
86.4
25
90.091.3 91.1
92.0 91.4
2006 2007 2008 2009 Mar/10
39.7 39.3 39.745.4 45.8
2006 2007 2008 2009 Mar/10
82.7 81.989.0
104.0 103.9
2006 2007 2008 2009 Mar/10
11.1 11.3 11.6 13.0 13.1
4.0 4.0 4.34.9 5.0
2006 2007 2008 2009 Mar/10
StructureStructure
Employees - thousand Points of Service - thousand
ATM - thousand Transaction in Automated Channels - %
BranchesOthers
15.1 16.017.9
18.0
15.3
26
StructureStructure
Northeast
Retail 1.011Wholesale 7Government 9Private Banking 11
Southeast
Retail 2.080Wholesale 46Government 6Private Banking 73
South
Retail 998Wholesale 23Government 3Private Banking 10
Midwest
Retail 403Wholesale 5Government 5Private Banking 10
North
Retail 249Wholesale 2Government 7Private Banking 2
20.9%
44.5%
20.8%
5.2%
8.5%
27
StructureStructure
8.2
8.5
8.6
9.3
9.5
2006
2007
2008
2009
Mar/10
Internet Banking – million of customers
38.7
19.4
8.6
9.46.0
18.0
ATMInternet IndividualsInternet BusinessesCashPOSOther
40.0
19.1
9.1
8.96.3
16.6
1Q09 1Q10
Transactions per Channels - %
28
Asset ManagementAsset Management
182.7
220.1
246.3
306.7330.1
2006 2007 2008 2009 1Q10
R$ billion
Institutional37.0%
Government25.7%
Foreign Investor
4.7%
Retail23.4%
Wholesale9.2%
Fixed Income57.3%
Multi-Strategy14.3%
Equities15.8%
Others12.6%
Customer Profile
Investment Profile
CAGR = 20.0%CAGR = 20.0%
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217.2
282.0252.6 240.4
298.5
14.316.3
13.215.214.3
1Q09 2Q09 3Q09 4Q09 1Q10
18.021.2
23.725.8
24.0
1Q09 2Q09 3Q09 4Q09 1Q10
259.3293.9 302.6 306.7 330.1
536.7540.1531.5506.4
445.5
1Q09 2Q09 3Q09 4Q09 1Q10
2.93.4 3.5 3.6 3.6
1Q09 2Q09 3Q09 4Q09 1Q10
Fee Income
Cards RevenuesR$ billion
Resultado de Seguridade
(1) Includes BV
Δ = 7.3%Δ = 7.3%
R$ billion
R$ million
Asset Management¹Asset Management Fees – R$ million
Insurance Ratio² - %
(2) Insurance Net Income / BB’s Recurring Net Income
R$ billion
Credit cards and insurance business boost revenues.Credit cards and insurance business boost revenues.
Δ = 4.9%Δ = 4.9%Δ = 5.8%Δ = 5.8%
Δ = 8.4%Δ = 8.4%
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For futher information access bb.com.br/ir
Investor Relations UnitSBS - Quadra 1 - Bloco C - Ed. Sede III - 5° floor
70073-901 - Brasília (DF)Phone: (61) 3310 3980
Fax: (61) 3310 3735
