Upload
nguyenngoc
View
214
Download
0
Embed Size (px)
Citation preview
BANCO DO BRASIL
2nd Quarter
2012
Disclaimer
This presentation may include references and statements, planned synergies,
increasing estimates, projections of results, and future strategy for Banco do Brasil,
it’s Associated and Affiliated Companies, and Subsidiaries. Although these
references and statements reflect the management’s belief, they also involve
imprecision and high difficult risks to be foreseen. Consequently, they may conduct
to a different result than those anticipated and discussed here. These expectations
are highly dependent on market conditions, on Brazil’s economic and banking
system performances, as well as on international market one. Banco do Brasil is not
responsible for bringing up to date any estimate in this presentation.
(1) 12 months accumulated . Source: IBGE
Economic Environment
3
5.9
4.3
5.96.5
4.9
2008 2009 2010 2011 Jun/12
Price Index IPCA¹ - %
13.75
8.75
10.75 11.00
8.50
2008 2009 2010 2011 Jun/12
Interest Rate Selic² - %
1,452
995
2,524
1,5661,422
2008 2009 2010 2011 Mar/12
Formal Employment³ - thousand
7.9 8.1
6.76.0 5.8
2008 2009 2010 2011 Mar/12
Unemployment Index - %
(2) End of period. Source: Central Bank of Brazil
(3) Net jobs created in the last 12 months. Source: CAGED Source: IBGE
5.2
-0.3
7.5
2.7
1.9
2008 2009 2010 2011 Mar/12
GDP - % Change (12 months)
40.5
44.4 45.2
49.050.6
2008 2009 2010 2011 Jun/12
Loan / GDP - % (12 months)
4
Economic environment x Banking Industry
R$ billion
5 (1) Preliminary Data
782 827 992 1,146 1,190
445 588714
884 977
2008 2009 2010 2011¹ Jun/12¹
Loan Portfolio
Public Private
603 656799 888
426 474
1,2021,123
1,2141,312
632684
2008 2009 2010 2011¹ 1H11 1H12
Disbursement²
Individual Corporate
139.1 157.1 185.9 200.9 202.7
78.9107.9
138.2 158.9 175.263.3
91.9
138.8200.5
235.4
2008 2009 2010 2011¹ Jun/12
Individuals Loan Portfolio
Mortgage Payroll Vehicle
5.3
6.9
5.5 5.7 5.7
3.2
4.3
3.23.6 3.8
2008 2009 2010 2011¹ Jun/12
Credit Risk %
Allowance / Portfolio NPL + 90 days / Portfolio
Brazilian Banking Industry
(2) Loan as reference for interest rate
6
Internal Audit
Board of Auditors Audit Commitee
Board of Officers
International
Business and Affairs Distribution
Agribusiness Finance
Investor Relations
Controlling Credit
Risk Management
Accounting
Internal Controls
Legal
Marketing and
Communication
Business and
Operations Support
Individuals
Channel
Management
SMEs
Private Bank
Government
Affairs Commercial
Adm. and Financial Unit for Legal Procedures
Security
Management
Reestructuring of
Operational Assets
Strategy and
Organization
Executive
Secretary
President
Capital Markets and
Investments São Paulo
Distribution
Governance of
Related Companies
VIPIN
Wholesale,
International
Business and Private
Bank
VIVAR
Retail Service,
Distribution and
Operations
VIPAG
Agronegócios e Micro
e Pequenas
Empresas
VIFIN
Financial
Management and
Investor Relations
VICRI
Internal Controls and
Risk Management
VIGOV
Government
Acquisitions and
Strategic
Partnerships
Cards
Loans and
Financing
Pension
Management
Insurance, Pension
Plans and
Capitalization
VINEG
Retail Services
Structuring of
Solutions
Construction of
Solutions
Human Resources
Operation of
Solutions
Technology
Relations with
employees and
Sponsored Entities
VITEC
Technology
VIPES
Human Resources and
Sustainable
Development
Sustainable
Development
Mortgage
Compensation Commitee
Directorships Vice-Presidents President Autonomus Managing
Unit
Units 09 27 13 01 01 01 Internal Audit
General Shareholders Meeting
Organizational Chart
Board of Directors
UCP
59.1
10.4
17.5
12.9
National Treasury
Previ
Foreign Investors
Other
Free Float - % Free Float – 30.4%
7
11.3 11.8
17.515.5
17.5
10.2 10.0
12.914.9
12.921.5 21.8
30.4 30.4 30.4
2008 2009 2010 2011 Jun/12
Foreign Investors Other
Ownership Structure
Shareholding Breakdown
Leaderships¹
%
8
21.4
27.3
19.5
20.8
Asset Management²
Deposits
Loan Portfolio
Assets
(Market Share)
(1) Assets and Deposits: as of March/12;
Loan Portfolio in Brazil and Asset Management: as of June/12;
(2) Does not include Banco Votorantim
9
Distribution Network
Regional Market Share
29.9% 34.7%
28.3%
20.4%
25.4%
Total = 24.6%
Total Distribution Network
Branches 5,317
Other Service´s point1 28,020
Postal Bank² 6,191
Shared Network 25,238
Total 64,766
(1) Considering PAA, PAB, PAE, QSQ, PAP, SAA and banking correspondents
(2) Since Jan/12
Profitability
37.7
76.3
89.9
67.9
80.1
56.0
3.5 4.1 4.7 4.9
2.5 2.2
2008 2009 2010 2011 1H11 1H12
Market Capitalization - R$ billion
Dividends and Interest on Own Capital - R$ billion
8.8
10.1
11.7 12.1
6.35.5
6.7
8.5
10.711.8
6.2 5.7
32.5
30.727.0
22.425.4
19.3
24.7
25.8 24.621.7
24.9
19.9
2008 2009 2010 2011 1H11 1H12
Net Income - R$ Billion Adjusted Net Income - R$ Billion
ROE - % Adjusted ROE - %
10
Capital Structure
29.9
36.1
50.4
58.4
62.3
2008 2009 2010 2011 Jun/12
Shareholder´s Equity - R$ billion
10.9 10.6 11.0 10.5 10.6
4.33.2 3.1 3.5 4.0
15.2
13.8 14.1 14.014.6
2008 2009 2010 2011 Jun/12
Tier I Tier II
11
BIS Ratio - %
Pro forma¹
(1) The BIS Ratio disclosed in June/2012 Financial Statements is 14.22%. The pro forma ratio considers subordinated debt issued on 2Q12 eligible as Tier II capital. The Central Bank of
Brazil has already authorized the eligibility.
521.3
708.5
811.2
981.2
1,051.417.2
22.020.8 21.3 20.8
2008 2009 2010 2011 Jun/12
CAGR = 22.2%
Assets
12
Market Share (%)¹
²
(1) Source: Central Bank of Brazil.
(2) Market Share as of March/2012
149.6193.5 204.7
265.8 285.8
91.1
160.8 142.2
195.2194.5
55.0
75.7 89.3
100.1105.6
51.9
56.5 63.5
62.060.6
362.0
498.4519.0
637.6661.5
14.3
11.819.4
14.515.0
2008 2009 2010 2011 Jun/12
Time Deposits Money Market Borrowing Savings Demand Deposits Others
R$ billion
CAGR (%) = 18.8
1.4
4.5
20.5
24.2
20.3
Funding¹
13 (1) Includes BV and BNC since 2009
R$ billion
CAGR (%) = 26.2
31.3
12.3
34.9
28.5
Loan Portfolio¹
14
97.2144.0
176.4210.2 234.048.8
91.8
113.1
130.6139.3
63.7
67.1
75.7
89.4
95.7
15.1
18.4
23.0
35.0
39.2
224.8
321.4
388.2
465.1
508.217.1
20.1 19.8 19.2 19.5
2008 2009 2010 2011 Jun/12
Offshore
Agribusiness
Individuals
Corporates
(1) Includes BV, BNC, provided guarantees and private securities since 2009
(2) Domestic Loan Portfolio / BI Loan Portfolio
Market Share (%)²
R$ billion
CAGR (%) = 34.9
520.1
4.9
18.4
21.3
56.1
38.3
Loans to Individuals¹
15
17.6
36.545.0
51.2 54.96.7
20.7
27.4
31.331.8
14.4
21.2
23.3
26.228.2
7.6
9.4
11.9
13.213.7
2.5
2.4
2.6
2.62.9
0.1
1.5
3.0
6.0
7.7
48.8
91.8
113.1
130.6
139.3
2008 2009 2010 2011 Jun/12
Mortgage
Overdraft
Cards
Other
Vehicle Finance
Payroll
(1) Include BV, BNC, provided guarantees and private securities since 2009
US$ billion
CAGR (%) = 24.5
-6.2
12.5
2.2
73.3
36.3
(¹) Included Banco Patagonia and Eurobank since 2011
Foreign Borrowing¹
16
3.36.2
8.8 10.0 9.72.2
4.6
7.6
11.015.2
6.8
6.3
5.1
7.3
7.3
2.0
2.0
2.1
3.1
3.1
3.4
2.6
1.8
3.2
2.7
17.6
21.7
25.3
34.6
37.9
2008 2009 2010 2011 Jun/12
Interbanking Bond Issues Corporates Individuals Repo
R$ billion
CAGR (%) = 28.5
24.6
30.6
Loans to Companies¹
17
62.3
99.1
119.4
142.1158.634.9
44.9
57.0
68.1
75.4
234.0
97.2
144.0
176.4
210.2
2008 2009 2010 2011 Jun/12
SME
Medium and Large
Companies
(1) Include BV, BNC, provided guarantees and private securities since 2009
R$ billion
CAGR (%) = 12.3
16.3
10.6
Loans to Agribussiness¹
18
45.2 48.0 49.657.9
64.3
18.519.2
26.1
31.5
31.3
63.767.1
75.7
89.4
95.7
2008 2009 2010 2011 Jun/12
Individual Corporate
(1) Include BV, BNC, provided guarantees and private securities since 2009
Credit Risk
19
6.1 6.2
4.84.5 4.4
2.4
3.3
2.3
2.12.1
1.5
2.2
2.4
1.51.4
2008 2009 2010 2011 Jun/12*
Added Provision + Required / Portfolio - %
NPL + 90 days / Portfolio - %
Accumulated Loss³ in 12 Months / Portfolio - %
6,800
11,62910,675
11,82713,403
3.6
4.6
3.3 3.1 3.2
2008 2009 2010 2011 Jun/12*
Provision expenses¹ - R$ million
Provision expenses / Portfolio² - %
(1) Without one-off items
(2) 12 months average loan portfolio and expenses
(3) Net of credit recovery
(*) Accumulated Provisions in 12 Months
R$ billion
Net Interest Income
20
34.541.5
53.464.5
30.135.3
23.9
23.7
27.0
38.3
16.5
19.3
58.4
65.2
80.4
102.8
46.6
54.6
24.5
32.938.4 41.3
20.0 22.9
2008 2009 2010 2011 1H11 1H12
Loan Revenues Other Interest Revenues Net Interest Income
NIM
21
%
6.9 6.5 6.1 5.7 5.4
5.0 5.0 4.6 3.7 3.6
48.1
61.264.4 63.9
72.9
2008 2009 2010 2011 1H12
NIM (LHS)
Risk Adjusted NIM (LHS)
Funding Cost - deposits - % Selic (RHS)
9.39.8
9.08.5 9.0
21.0
18.7
15.8
14.4
15.6
6.77.2
6.0 5.8 6.1
5.1 5.3 5.6 5.3 5.6
2008 2009 2010 2011 1H12
Loan Operations Individuals
Corporates Agribusiness
892
1,574 1,667 1,604
773 845
9.611.7 12.7 13.7 12.6
14.8
2008 2009 2010 2011 1H11 1H12
Insurance Income - R$ million
Insurance Ratio² - %
1,979 2,024
2,6723,197
1,5241,781
246.3
316.2
372.3
430.9421.4
462.6
2008 2009 2010 2011 1H11 1H12
Income from Asset Management Fees - R$ million
Asset Management¹ - R$ billion
11.813.5
16.218.2
8.510.3
2008 2009 2010 2011 1H11 1H12
Fee Income - R$ billion
66.2
88.6
112.1
138.8
64.177.3
2008 2009 2010 2011 1H11 1H12
Revenue from Cards - R$ billion
CAGR (%)= 15.6
22
(1) Includes Banco Votorantim
Business diversification increases revenues
(2) Insurance Net Income / BB´s Recurring Net Income
CAGR (%)= 17.3
CAGR (%)= 28.0 CAGR (%)= 21.6
R$ billion
Cost to Income Ratio¹
23
16.119.7
23.625.6
11.914.4
35.2
45.4
55.5
60.8
29.632.6
45.643.4 42.6 42.1
40.344.3
2008 2009 2010 2011 1H11 1H12
Administrative Expenses
Operating Income
Cost to Income Ratio - %¹
(1) exempt from one-off items
Structure
24
89.0
104.0109.0
113.8 114.0
2008 2009 2010 2011 Jun/12
Employees - thousand
91.1 92.0 93.0 93.8 93.5
2008 2009 2010 2011 Jun/12
Transaction in Automated Channels - %
39.745.4 45.0 43.6 44.2
2008 2009 2010 2011 Jun/12
ATM² - thousand
4.34.9 5.1 5.3 5.3
2008 2009 2010 2011 Jun/12
Branches - thousand
(2) Does not include ATM from partnerships
Structure
25
8.69.3
11.0
12.5 12.9
2008 2009 2010 2011 Jun/12
Internet Banking - million of customers
31.9%
20.9%18.1%
6.6%
11.6%
10.9%
Jun/12
33.6%
19.6%
18.7%
6.2%
12.9%
9.0%
2011
ATM
Internet
IndividualsInternet
BusinessesCash
POS
Other
Investor Relations Unit
SBS - Quadra 1 - Bloco C - Ed. Sede III - 7° floor
70073-901 - Brasília (DF)
Phone: +55 61 3102 1124
Fax: +55 61 3102 1435
bb.com.br