1
Unibanco´s Consolidated Results for the Period Ended
March 31, 2001Conference Call
May 10, 2001
2
Results and Capitalization
Net income (R$ million) 210 183 203 14.8% 3.4%Earnings/1000 shares 1.50 1.49 1.66 0.7% (9.6%)Net worth (R$ million) 5,714 5,504 4,195 3.8% 36.2%
ROAE 15.9% 17.6% 21.4%ROAA 1.6% 1.7% 2.3%BIS Ratio - Central Bank 15.3% 16.5% 17.6%
YoY%QoQ% Mar/00 Dec/00Mar/01
3
Loan GrowthIn R$ million
General Purpose Lending Trade Finance
Subtotal
Personal LoansReal EstateLeasingCredit Cards
Subtotal
YoY%QoQ% Mar/00 Dec/00Mar/01
10,254
55.7%
48.8%
67.4%0.2%4.0%
46.6%44.4%
6.1%10.3%
7.2%
12.9%(6.3%)(3.0%)(3.9%)
3.9%
3,80214,056
3,398507931
2,3677,203
Total 47.3%6.1%21,259
33.3%
10,874
4,193
15,067
3,835475903
2,2747,487
22,554
6,984
3,145
10,129
2,291474868
1,5515,184
15,313 UBB w/o Bandeirantesand 50% Fininvest 32.5%8.3%18,73520,295 15,313
4
December 2000
Retail Banking
32%LargeCorporate
41%
Private
1% Credicard and Fininvest
10%
Corporate MiddleMarket
16%
Loan Breakdown Loan Breakdown
R$ 21,259 million R$ 22,554 million
Corporate MiddleMarket
17%Private 1%
Credicard and Fininvest
9%
RetailBanking
31%LargeCorporate
42%
March 2001
5
41%
27%
14%10%
8%
1Q00 2Q00 3Q00 4Q00 1Q01
AA A B C D-H
16,013
44%
27%
9%12%8%
17,327
45%
28%
10%10%7%
17,833
41%
30%
10%10%9%
22,148
39%
31%
10%
11%9%
23,473
Credit Quality In
R$
mi ll
ion
6
Over 60 Days Past Due Credits / Total Loans
2.8%2.8%
3.4%3.3%3.2%
4.0%3.8%
2%
3%
4%
1Q00 4Q00 1Q01
UBB Consolidated Stand Alone + 50% FininvestWith 100% Fininvest
With Bandeirantes
7
Provision for loan losses (initial balance) 1,484 1,172 972 972 893
Expenses with provisions for loan losses 382 365 312 1,242 1,398
Incorporated Balances - 406 34 491 -Loan charge-offs (305) (459) (183) (1,221) (1,319)
Provision for loan losses (final balance) 1,561 1,484 1,135 1,484 972 Net charge-off / Total loan portfolio 1.0% 1.7% 0.5%
Loan recovery 82 89 103 383 528
In R$ million
20001Q004Q001Q01
Loan Loss Provisions
1999
3.9% 5.0%
8
Funding
In R$ million
YoY%
Funding in local currency
Funding in foreign currency
QoQ% Mar/00 Dec/00Mar/01
84.4%
32.9%
35.3%
16,526
8,639
15,016
2.8%
12.0%
(0.7%)
30,481
11,478
20,320
Total Customer Funds 55.0%40,181 3.2%62,279
Assets under management
Total funding
66.7%25,165 5.2%41,959
29,640
10,250
20,467
60,357
39,890
42.6%4.3%57,306UBB w/o Bandeirantesand 50% Fininvest 54,936 40,181
9
Deposits
In R$ million
Demand Deposits 2,484 2,392 1,418 3.8% 75.2%Saving Deposits 3,680 3,706 2,802 (0.7%) 31.3%Interbank Deposits 212 199 32 6.5% 562.5%
Time Deposits 7,720 7,053 4,239 9.5% 82.2%
Total Deposits 14,096 13,350 8,491 5.6% 66.0%
YoY%QoQ% Mar/00 Dec/00Mar/01
UBB w/o Bandeirantesand 50% Fininvest 11,694 11,009 8,491 6.2% 37.7%
10
Fee Income
In R$ million
YoY%QoQ%1Q00 4Q001Q01
UBB w/o Bandeirantesand 50% Fininvest
Tariffs and comissions 250 228 181 9.6% 38.1%Credit Cards 182 180 134 1.1% 35.8%Asset Management 66 62 49 6.5% 34.7%Total 498 470 364 6.0% 36.8%
450 364445 1.1% 23.6%
11
Personnel & Adm. Expenses
665
893 912
0
200
400
600
800
1000
1Q00 4Q00 1Q01
Profit from Financial Intermediation
631 650
819
0
200
400
600
800
1000
1Q00 4Q00 1Q01
Fees & Tariffs
364
470498
0
200
400
600
1Q00 4Q00 1Q01
26% 6%
2%
HighlightsIn R$ million
12
Personnel and Administrative Expenses
Personnel Expenses
Administrative Expenses
Total Expenses
383 346 261 10.7% 46.7%
529 547 404 (3.3%) 30.9%
912 893 665 2.1% 37.1%
In R$ million
YoY%QoQ%1Q004Q001Q01
UBB w/o Bandeirantesand 50% Fininvest 709 778 665 (9.1%) 6.6%
13
Fees & Tariffs / Personnel & Adm. Expenses
665893 912
364 470 498
1Q00 4Q00 1Q01
Personnel & Adm. Expenses
Fees & Tariffs
54.8% 52.7% 54.8%
R$
Mill
ion
Fees & Tariffs / Personnel & Adm. Expenses
14
Efficiency Ratio
Administrative Expenses / (Profit from Financial Intermediation - Allowance for loan losses + Fees & Tariffs + Other Taxes + Other Operating income/Expenses)
55.2%
60.8%58.6%
64.7%
57.9%
1Q00 2Q00 3Q00 4Q00 1Q01
15
Consolidated Income StatementIn R$ million
YoY%QoQ% 1Q00 4Q001Q01
Revenue from financial intermediation 2,416 1,951 1,460 23.8% 65.5%Expense on financial intermediation (1,597) (1,301) (829) 22.8% 92.6%Profit from Financial Intermediation 819 650 631 26.0% 29.8%Fee Income 498 470 364 6.0% 36,7%Insurance, capitalization and privateretirement plans
441 372 333 18.6% 32.4%
Personnel/Administratives (912) (893) (665) 2.1% 37.1%Operating Income 286 123 227 132.5% 26.0%
Net Income 210 183 203 14.8% 3.3%
16
Effects of FX on Investments Abroad - 1Q01
Effects of FX on investments abroad 170.8Impact of Hedge on investments abroad (77.8)Gross Result 93.0
Cost of Opportunity (CDI) (56.4)Managerial Result 36.6
In R$ million
17
Priorities for 2001
Organic Growth
Integration of Banco Bandeirantes
Fininvest synergies and cross-selling
18
• 563 Bandeirantespoints of sales:
• Estimated cost reduction of 35% of Banco Bandeirantes’ annual costs, to be fully reached by 4Q01, fully impacting 2002 financials
• By Mar/01, approximately 50% of the cost reduction was reached, ahead of schedule of 40%.
Integration of Banco Bandeirantes
494 will become Unibanco points of sale 69 will be merged into existing units
19
Banco Fininvest
• Will remain as an independent brand
• 3-year back-office integration plan (with retail bank and UBB credit card company)
• Increase cross-selling effort of UBB products
20
Organic Growth
• Open 259 points of sale(66 full branches)
• Open 1.8 Million accounts
• Organic growth in 1Q01:11% annual running rate
3-Year Goals:
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