Banco Santand ( il)der (Brasil) S.A.2 This presentation was ppprepared by Banco Santander (()Brasil) S.A.Itisprovided for informational purposes only and does not constitute an offer

d ( il)Banco Santander (Brasil) S.A.

Investor Meetings PresentationInvestor Meetings Presentation

May 2010

2

This presentation was prepared by Banco Santander (Brasil) S.A. It is provided forp p p y ( ) pinformational purposes only and does not constitute an offer to sell or a solicitation tobuy any security. It may contain forecasts about future events. Thesepredictions/estimates evidently involve risks and uncertainties, whether foreseen ornot by the Company. Therefore, the future results of the Company may differ fromy p y , p y ycurrent expectations. Past performance and/or these predictions are not guarantee offuture performance. The Company is not obliged to update the presentation/suchforecasts in light of new events or circumstances.© 2010 by Banco Santander (Brasil) S.A.. All Rights Reserved.y ( ) g

1. Santander Group Overview

2. Macroeconomic Scenario

3. Santander Brazil: Strategy

4. Business

5. Results

6. Loan Portfolio Quality

Santander Group has a worldwide presence 4

The Group’s FootprintUSA

• Branches: 722• Customers: 1 7MM

UK 3

• Ranking1: 6th

• Mkt share1: 10%• Customers: 1.7MM

Brazil 6

• Ranking1: 3rd

Mkt h 1 10%

• Mkt. share1: 10%• Branches: 1,322• Customers: 25.6MM


Spain 2

Ranking1: 1st

Mexico• Ranking1: 3rd

• Mkt. share1: 15%

• Ranking1: 1st


t s a e 5%• Branches: 1,093• Customers: 8.8MM Chile

• Ranking1: 1st

• Mkt. share1: 19%• Branches: 498

Portugal 5

• Ranking1: 4th

• Mkt. share1: 10%• Branches: 763

Santander Consumer 4

• Branches: 311• Dealers: >100,000• Customers: 12 9MM• Branches: 498

• Customers: 3.2MM• Branches: 763• Customers: 2.2MM

• Customers: 12.9MM

(1) Loans + deposits (balance sheet funds) + mutual funds(2) Santander Consumer not included (in Spain: 3.3 million customers and 77 branches; Portugal: 0.3 million customers and 7 branches)(3) Ranking 3rd by retail deposits and 2nd by mortgages portfolio. (4) Presence in 17 countries. Loyalty cards not included under customers(5) Third largest private bank in Portugal and first by profit in 2009(6) Excluding public-sector banks.

Source: Santander

Grupo Santander is among the largest banks in the world 5

Significant presence in Europe and in the Americas

US$ MM 1Q10

One of the largest banks in the world

US$ MM 1Q10Assets 1,539,787Loans 920,817

Shareholders’ Equity 101,944191.5

246.4ICBC (China)

China Construction Bank

Assets Under Management 1,730,791

Net Attributable Income 1 3,061

1 Excludes Income distributed to Minority Shareholders 176.8

177.8

179.1Bank of America

JPMorgan Chase

HSBC

Standard & Poor’s AA

Group’s credit ratings

115 7

152.3

161.2Wells Fargo

Bank of China

CitigroupStandard & Poor s AAMoody’s Aa2Fitch AADBRS AA 91.2

109.6

115.7Citigroup

Santander

BNP Paribas

Source: Bloomberg (as of March 31, 2010)

Santander is present in the main Latin American countries and is 6

US$ MM 1Q10

Branches 5,757

the leader among the international banks operating in the regionSantander Latin America Highlights

Employees 86,576Customers (million) 37.7Loans 137,688Deposits 156,328Mexico

Puerto Rico

Deposits 156,328Mutual and Pension Funds1 92,376Net Attributable Income2 5,331

Mexico

ColombiaBrazil

1 Include Managed portfolios2 Excludes Income distributed to Minority Shareholders

ChileUruguay

Peru Profits by geographical area

Argentina

Uruguay

Latin America represents 35% of Santander’s world results



3 Santander Brazil: Strategy3. Santander Brazil: Strategy

4. Business

5. Results


Macroeconomic Scenario 8

Economy retakes growth in 2010

GDP (year-on-year growth %) Interest Rate - Selic (%)(y y g %) (%)End of Period

11.2513.75

8.7512.00 12.00

6.1 5.1 5.84.5

2007 2008 2009 2010(e) 2011(e)-0,2

2007 2008 2009 2010(e) 2011(e)

Inflation (IPCA %) Exchange Rate – (R$/US$)End of Period

2 344.5

5.9

4 35.5 5.0

1.772.34

1.74 1.95 2.104.3

Sources: The Brazilian Central Bank, IBGE and Santander Research

2007 2008 2009 2010(e) 2011(e)2007 2008 2009 2010(e) 2011(e)



3. Santander Brazil: Strategy

4. Business

5. Results


Santander Brasil National Footprint 10

M /10 Market Share

It is the 3rd largest private bank in Brazil, with scale to compete with top Banks in the Region

p

Mar/10 Market Shareby number of branches

February/2010Loans (R$ MM) 139,910

Funding from Clients¹ (R$ MM) 133,757

North: 5% of GDPShare: 5%

St di t ib ti l tf

Funding Total² (R$ MM) 240,329

Net Income (R$ MM) 1,763Northeast: 13% of GDP

Share : 7%

Middl t 9% f GDP

One of the banks with highest number of distribution outlets in the

South/Southeast region (73% of GDP)

Strong distribution platform…

Southeast: 57% of GDPShare : 15%

Middle-west: 9% of GDPShare : 5%

2,091 1,496 18.102

Branches Mini Branches ATM’s South: 16% of GDP

Share : 9%

Over 10.4 MM active account holders³Source: The Brazilian Central Bank and IBGE. GDP date: 2007.1) Demand Deposits + Time Deposits + Savings + Debentures + Real Estate Credit Notes (LCI) and Agribusiness Credit Notes (LCA)2) Includes Assets Under Management3) Customers with active accounts during a 30-day period, according to the Brazilian Central Bank.

11Santander and ABN Real: two successful and complementary 11

Acquisition of Geral do Comércio and Noroeste Acquisition of Meridional,

Bozano Simonsen andOpening of the Representative

Office and establishment

Santander and ABN Real: two successful and complementary long stories in Brazil

Santander

2007

19972000

Bozano Simonsen and Banespa

Office and establishment

of Santander Investments

1982-1991

2008

acquires Banco Real

2003Acquisition of Sudameris

August

R ti

Merger ofBanco Real

20081998

Acquisition of Banco Real and Bandepe

Acquisition of Sudameris

Founding of Banco Holandês da América

do Sul / Banco da Lavoura de Minas

G i

Standard & Poor’s BBB- (stable)

Moody’s 1 Baa3 (stable)

Fitch BBB (stable)

Ratings

1917-1925

pGerais

Fitch BBB (stable)

1 Long-term deposits rating

Integration process moves as planned 12Integration process moves as planned

3rd stage2nd stage1st stageAug/08 Mar/09 May/10 Sep/10

12

Centralized areas integratedII

Senior Management Integrated

I

g y p

Risk management, Human resources, Marketing,Auditing financial control, Compliance, etc.

GB&M, Corporate, e Middle

Wholesale, Private & Asset integratedIIIIII

Re-branding

ATMs plataform

ATMs integratedIVV

Credit card systemIVIV

Complete Integration/Unified Network/Unified Brands

VI

Upgrade on branches infrastructure

Branches “Big Bang”Call center integrationUnification of Brands

Insurance SystemVVIVIII

New comercial modelVVII

Unification of Brands

Synergies 13

Synergies

Synergies 13

We reached

R$ million

+338

1 338 We reached cost synergies of R$ 1,338 MM

in 1Q10 R$ 338 MM800

1,000

1,338

in 1Q10, R$ 338 MM above

expectations

Expected Achieved

2009e 1T10e 1T10

p

Santander Acquiring / Conta Integrada 14

Brand I t t i C t i

Pioneer strategy of commercial model

q g g

Brand

MASTERCARD License

Integrated value offer –Acquiring and Banking

Investment in Capturing Network and Processing

Platform

Other POS Capturing

ACQUIRERSERVICES

FINANCIALSERVICES

q g gBusiness

Commercial Model –Distribution/Pricing

C i ti d M di

Other POS Capturing Services

165 thousands POS (Capturing Terminals - 2009)Communication and Media (Capturing Terminals - 2009)“Time To Market”

2012 Goals

150,000 new current accounts originated by the acquiring business

300,000 new affiliated merchants

~ R$ 5 billion in loans

10% market share in terms of transaction volume of the cards market




4. Business

5. Results


Santander Loan Portfolio - IFRS 16

2.0%1Q10 1Q09 YoY QoQ

Individuals 43 992 40 503 8 6% 1 8%1.1%

R$ Billion

R$ Million

Individuals 43,992 40,503 8.6% 1.8%

Consumer Financing 25,509 24,511 4.1% 1.6%

SMEs 30 811 33 027 6 7% 2 0%

137.1 134.2 132.9 138.4 139.9

SMEs 30,811 33,027 -6.7% -2.0%

Corporate 39,597 39,076 1.3% 2.5%

T t l IFRS 139 910 137 117 2 0% 1 1%mar.09 jun.09 set.09 dez.09 mar.10sep.09 dec.09

Individuals31%

Corporate 29%

Total IFRS 139,910 137,117 2.0% 1.1%

Consumer Financing

SMEs22%

18%22%

1. Loan´s balances of 2009 were reclassified in order to be comparable to current period numbers, due to re-segmentation of clients in 2010.

Managerial Loan Portfolio - BR GAAP¹ 17

R$ Billion

R$ Milli

3.6%

1.5% Variation

139.1 137.3 136.2 142.0 144.1 1Q10 1Q09 Y-o-Y Q-o-Q

Individuals 46,439 41,349 12.3% 3.5%

Consumer Financing 27,842 26,224 6.2% 1.9%

R$ Million

mar.09 jun.09 sep.09 dec.09 mar.10

Financing

SMEs 30,811 33,027 -6.7% -2.0%

Corporate 39,031 38,497 1.4% 1.7%

Total BR GAAP 144,124 139,097 3.6% 1.5%

5.9%

>15%

Annualized growth rate

3.6%

1Q10/ 1Q09

1Q10/ 4Q09

mar.10/ feb.10Q Q

1. The portfolio in BR GAAP is higher than in IFRS because includes portfolios acquired from other banks and portfolio of the partnership Aymoré

Loans to Individuals: Main Products 18

Payroll Loans¹R$ MM

Auto Loans

32.9%

R$ MM

6.2% 23,054

8,04610,694

21,711

Credit Cards Mortgage²

Mar.09 Mar.10 Mar.09 Mar.10

22.5%

R$ MM

6,8208,357

30.4%

R$ MM

7,4329,689

55.8%2,775

4,324

Mar.09 Mar.10

15.2%4,657 5,365

Mar.09 Mar.10

1. Includes purchase of portfolio of R$ 2,535 million in Mar/10 and R$ 846 million in Mar/09.2. Includes funding for Individuals and Corporate.

Pessoa Física Pessoa JurídicaIndividuals Corporate

Deposits and Assets Under Management 19

1Q10 1Q09 Y-o-Y Q-o-QR$ MillionVariation

R$ Billion

0.3%

6.7%

Demand 13,699 12,356 10.9% -9.5%

Savings 25,781 20,447 26.1% 2.2%

Time 68 252 87 954 -22 4% -9 9%80.1 85.5 93.1 98.4 106.6

225.2 240.3235.7 243.1 239.5

Time 68,252 87,954 22.4% 9.9%

Others¹ 26,025 24,333 7.0% 4.3%

Funding from Clients 133,757 145,090 -7.8% -5.2%

145.1 150.2 150.0 141.1 133.8

mar.09 jun.09 sep.09 dec.09 mar.10F d (AUM) F di f Cli t ¹ Clients

Funds (AUM) 106,572 80,125 33.0% 8.3%

Total 240,329 225,215 6.7% 0.3%

Demand6%

Savings11%

Funds

Funds (AUM) Funding from Clients¹

Time28%

Funds44%

Others¹11%

1. Repurchase commitments backed on Debentures, Real Estate Credit Notes (LCI) and Agribusiness Credit Notes (LCA)



3. Santander Brazil: Strategygy

4. Business

5. Results

6 Loan Portfolio Quality6. Loan Portfolio Quality

Hi hli htHighlights

Net profit of R$ 1,763 MM in 1Q10, (up 112% YoY and 11% QoQ) driven

21

by revenue growth and cost control

Performance Ratios improvedPerformance Ratios improved

Efficiency Ratio¹: 33.1%, drop of 4.4 p.p. YoY and 4.1 p.p. QoQ

Recurrence²: 61.1%, increase of 8.3 p.p. YoY and 3.5 p.p. QoQ

ROAE³: 18.0%, increase of 2.6 p.p. YoY and 0.1 p.p. QoQ

Sound Balance Sheet Metrics

BIS Ratio³: 24.4% in mar/10

Coverage: 102.8% in mar/10

1. General Expenses excluding amortization / Total Revenue excluding Cayman hedge2. Net Fee/General Expenses excluding amortization 3. Excludes Goodwill on acquired companies (Banco Real and Real Seguros Vida e Previdência)

Net profit 22Net profit

Net profit growth is acceleratingR$ MM

22

R$ MM

76%

112%

11%

1,591 1,5911,763

906 832

4Q08 4Q09 1Q09 4Q09 1Q10

T t l RTotal Revenues

10 2%

23

7 288 7,471 7,598 7,776 8,032

3.3%R$ MM

10.2%

1Q10 1Q09 Y-o-Y

Net Interest Income 5,833 5,172 12.8%

1,443 1,573 1,556 1,666 1,622673 409 386 260 5777,288 , ,Net Fees 1,622 1,443 12.4%

Subtotal 7,455 6,615 12.7%

Others¹ 577 673 -14.3%

5,172 5,489 5,656 5,850 5,833

1Q09 2Q09 3Q09 4Q09 1Q10

Total Revenues 8,032 7,288 10.2%

1Q09 2Q09 3Q09 4Q09 1Q10

Others¹ Net Fees Net Interest Income

1. Result from Financial Operations excluding the fiscal effect of Cayman hedge + Others

Net Fees 24Net Fees 24

1Q10 1Q09 Y-o-Y

Banking fees 588 549 7.1%

Insurance 342 259 32.2%-2 6%

R$ MM12.4%

Asset Management 201 171 17.6%

Credit and Debit Cards 213 171 24.9%

Collection services 125 121 2.8%

Capital Markets 108 64 68 1%

1,443 1,573 1,556 1,666 1,6222.6%

Capital Markets 108 64 68.1%

Trade (COMEX) 102 101 1.3%

Others¹ (56) 8 n.a.

Total 1,622 1,443 12.4%1Q09 2Q09 3Q09 4Q09 1Q10Q Q Q Q Q

1. Includes taxes and others

General Expenses and Amortization 25

R$ MM

General Expenses and Amortization 25

1Q10 1Q09 Y-o-Y Q-o-Q-6.9%

-3.5%

3 0133 048 3 158

Variation

2,731 2,649 2,674 2,893 2,655

317 328 339 265 286Other General Expenses 1,300 1,371 -5.2% -8.6%

Personnel Expenses 1,355 1,360 -0.4% -7.8%

Depreciation &

2,977 3,0133,048 3,158 2,941

, ,

1Q09 2Q09 3Q09 4Q09 1Q10

Depreciation & Amortization 286 317 -9.8% 7.9%

Total 2,941 3,048 -3.5% -6.9%

Depreciation and Amortization General Expenses

Gross Revenue¹ and General Expenses²R$ MM 1Q10 x 1Q109

Gross Revenue vs General Expenses 26

7,288 7,471 7,598 7,776 8,032

R$ MM 1Q10 x 1Q109

10.2%

2.7 3.0

2,731 2,649 2,674 2,893 2,655

1Q09 2Q09 3Q09 4Q09 1Q10

-2.8 %

1Q09 2Q09 3Q09 4Q09 1Q10

General ExpensesGross Revenue

1. Gross Revenue = Total Income excluding Cayman Hedge. Including Cayman Hedge 1Q10/1Q09 grows 7.6%2. Excludes amortization

Results by Segment¹ 27

Net Profit before tax

Global Wholesale Banking

0.9x

Results by Segment

R$ MM

27

Commercial Banking

2.1x

847 758

R$ MM

36%Commercial Banking

Global WholesaleBanking 575

1,2041Q09 1Q10

Asset Management d I 56%

8%1Q09 1Q10

162

and Insurance

2.7xR$ MM

Asset Management and Insurance

59

1Q09 1Q10

1. Does not consider the fiscal effect of Cayman hedge

Performance Ratios 28

Efficiency Ratio¹ (%) Recurrence² (%) ROAE (adjusted)³ (%)

Performance Ratios 28

8.3 p.p.

-4.4 p.p. 2.6 p.p.p p

36.3 37.533.1

19.3

15.418.0

57.0 52.861.1

2009 1Q09 1Q10 2009 1Q09 1Q102009 1Q09 1Q10

1.General Expenses excluding amortization / Total Revenue excluding Cayman hedge2. Net Fee/General Expenses excluding amortization 3. Excludes Goodwill on acquired companies (Banco Real and Real Seguros Vida e Previdência)

N t tNon-recurrent events 29

Value (R$ Million)

Sale of Assets 64

Provision for contingencies (28)

Total (after tax) 37




4. Business

5. Results


Q lit f L B k IFRSQuality of Loan Book - IFRS

Coverage²Delinquency Rates¹ (%)

31

8.6 8.89.7 9.3 8.8 107%

97% 101% 102% 103%

5.7 6.15.3 5.3

6.07.0

7.77.2 7.0

97% 101% 102%

4.2

1Q09 2Q09 3Q09 4Q09 1Q10

Individuals Corporate Total

1Q09 2Q09 3Q09 4Q09 1Q10


1. Nonperforming loans for over 90 days + performing loans with high delinquency risk / total loans managerial2. Allowance for Loan Losses / nonperforming loans for over 90 days + performing loans with high delinquency risk

Quality of Loan Book BR GAAP 32

Delinquency Over 90¹ (%) NPL Over 60² (%) Coverage Ratio Over 90³

Quality of Loan Book – BR GAAP 32

7 2 7 47.9 7.8

7 2

8.9 9.2 9.4 9.28.7

7.6 7.77.2 7.4 7.2

5.1 5.3

5.0

6.2 6.55.9

5.4 114%97% 108% 113% 120%

6.2 6.1

4 7 4 4

6.26.8 6.4

3.24.2

3.7

1Q09 2Q09 3Q09 4Q09 1Q10 1Q09 2Q09 3Q09 4Q09 1Q10

4.04.7 4.4

1Q09 2Q09 3Q09 4Q09 1Q10


1Q09 2Q09 3Q09 4Q09 1Q10


1) Nonperforming loans for over 90 days / total loans BR GAAP2) Nonperforming loans for over 60 days / total loans BR GAAP3) Allowance for Loan Losses / nonperforming loans for over 90 days + performing loans with high delinquency risk

Allowance for Loan Losses¹ - IFRS 33

R$ MM

Allowance for Loan Losses IFRS 33

1.8%

11.9%3 008

1Q10 1Q09 Y-o-Y

2,360 2,467 2,148

2,403 500

3,008

1Q10 1Q09 Y o Y

Allowance for loan losses 2,403 2,360 1.8%

2,508

1Q09 2Q09 3Q09 4Q09 1Q101Q09 2Q09 3Q09 4Q09 1Q10

Additional Provision

1. Includes recoveries of written-off credits

Conclusion 34

Integration is evolving as scheduled

• Credit card platform integration concluded in the 1Q10 and final tests for branch networki t ti

Activities

integration• Costs controlled and synergies obtained

• Loan book growth is accellerating

Well behaved results

Loan book growth is accellerating

• Commercial re-alignment to cacht up loan activity in corporate loans

• Launching of “Conta Integrada” product focusing SMEs

Well behaved results

• Balanced between

• Gross jaws increased by 13 p p

RevenuesCosts

Improved asset quality

• Gross jaws increased by 13 p.p.

• NPLs over 60 and 90 days continue its declining trend

• Increased coverage

AnnexesAnnexes

R ili ti IFRS BRGAAP 36Reconciliation IFRS x BRGAAP

1Q10R$ MM

36

BR GAAP Net Profit 1,015

R l f G d ill ti ti / Oth 832- Reversal of Goodwill amortization / Others 832

- PPA amortization (58)

- Others (26)

IFRS Net profit 1,763

Adjusted Allowance for Loan Losses¹ - BR GAAP 37Adjusted Allowance for Loan Losses BR GAAPR$ MM

-9.6%

37

2,413 2,490 2,462569

-11.4%

2,403 2,181

569419 157

1Q10 1Q09 Y o Y Q o Q

1Q09 2Q09 3Q09 4Q09 1Q10

1Q10 1Q09 Y-o-Y Q-o-Q

Adjusted Allowance for Loan Losses² 2,181 2,413 -9.6% -11.4%

Increase in Additional Provision

Decrease in Additional Provision

1.Excluding recoveries of written-off credits2.Allowance for Loan Losses adjusted by the increase/decrease in additional provision

Corporate Governance 38

Banco Santander’s units are listed in

Corporate Governance 38

BM&FBOVESPA and in the NYSE

Level 2 of BM&FBOVESPA stock exchange with 100% of Tag Along

The Bank is managed by the Board of Directors and the Executive Board, supported by specialized committees

Board of Directors

3 Executive Board Members

3 Board Members of Grupo Santander Spain

3 Independent Board Members

Sustainable Development 39

Sustainability in business

Business: Santander Universities; Real CDB Sustentável; Fundo Ethical; Fundo Floresta Real; Financing for Sustainability; Real ; ; g y;Microcredit; Carbon Credits; Real Tourism

Involving clients: Put Sustainability into Practice, Socio Environmental Risk Assessment; Sustainability Program in the Construction Sector

Sustainability in Management

Involving Staff (Program for Development of Leadership for Sustainability; Workshops on Sustainability, Diversity) and suppliers (providing management)

Eco-efficiency: Use of paper certified as eco-friendly; Eco-efficiency in the group’s branch network; collection of used batteries; ISO14001 certified administrative buildings; Sustainable Branches; Torre S t dSantander

Private and Social Investment : Implementing projects with public and private partners, employees, NGOs and community. For example: Amigo de Valor; Projeto Escola Brasil(Brazilian Schools’ Project); Parceiros em Ação(Brazilian Schools Project); Parceiros em Ação.

C t St tCorporate Structure 40

Date: 12.31.2009 * simplified

Investor Relations

Juscelino Kubitscheck Avenue 2,235 10th floor São Paulo | SP | Brazil | 04543-011Tel. (55 11) 3553-3300e-mail: [email protected]

Documents

Banco Santand ( il)der (Brasil) S.A.2 This presentation was ppprepared by Banco Santander (()Brasil) S.A.Itisprovided for informational purposes only and does not constitute an offer