Upload
others
View
3
Download
0
Embed Size (px)
Citation preview
Disclaimer
2
This presentation may include reference 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 theses
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.
3
ex e c u tio n tra c k re c o rd po s itiv e ou tlo o k
s tra te g ic po s itio n in g ne w fro n ts
Agenda
histórico de execuçãoexecution track record
4
po s itiv e ou tlo o k
s tra te g ic po s itio n in g ne w fro n ts
Agenda
Public Offering – free float from 6.9% to 14.8%
Public Offering - R$ 9.8 billion / free float - 30.4%
Level 1 ADR
* Brazilian government program to strenghten Federal Owned Financial Institutions
2001
2002
2006
2006
2007
2009
2009
2010
5
governance improvements
Financial statements in international standards
Public Offering - free float from 14.8% to 21.7%
“Novo Mercado” Bovespa - Special Listing Segment
Conversion of preferred shares into common shares
PFIFF*: corporate governance improvements aimingadhesion to Novo Mercado
Execution Track Record
• BBAS3 – 6th most negotiated share / 2nd most traded among Brazilian Banks
• Average volume traded in 2011 rose 840% over same period of 2006
• Stake on IBOVESPA increased from 0.9% (jun/06) to 3.1% (may/11)
• Stock performance better than peers
• BBAS3 – 6th most negotiated share / 2nd most traded among Brazilian Banks
• Average volume traded in 2011 rose 840% over same period of 2006
• Stake on IBOVESPA increased from 0.9% (jun/06) to 3.1% (may/11)
• Stock performance better than peers 6
5 years on “Novo Mercado”
Execution Track Record
BBAS3 BBDC4 ITUB4 IBOV SANB11
May 2006
May 2011
7
Execution Track Record
Expansion of the service network in São Paulo and the leadership in other regions
Retail leadership
Expansion of credit and exposure to more profitable segments
Diversification: insurance and pension plans, cards, asset management and capital markets
Costs control: modern infrastructure and cutting edge technology
Customer base expansion, improvement in service quality and strengthening of relationship
commitments and strategies
R$ billion
8
Execution Track Record
largest bank in Brazil
Total Deposits
Mkt Share1Q11 (%)
2006 1Q11 CAGR %
20.8296.4 866.6 28.5
23.7158.8 381.2 22.8
19.5137.7 397.5 28.1
22.0182.7 407.5 20.7
(1) Includes guarantees and private secuirities. Market share of domestic portfolio.
25.73,969 5,103 6.1
Total Assets
Credit (1)
Asset Management
Branch Network
Mkt Share2006 (%)
16.8
21.4
16.5
19.1
22.7
R$ billion
net income
Execution Track Record
9
6.05.1
8.8
10.1
11.7
2.42.9
3.7
5.96.7
8.5
10.7
2.12.9
32.1
22.5
32.5 30.727.0 28.0
24.9
19.5
26.1
24.7 25.8 24.6 24.2 24.8
2006 2007 2008 2009 2010 1Q10 1Q11
Net Income Recurring Net Income ROE - % Recurring ROE - %
10
R$ billion
assets
Execution Track Record
296.4367.2
521.3
708.5
811.2866.6
16.8 15.6
17.2
22.0 20.8 20.9
2006 2007 2008 2009 2010 Mar/11
Market Share - %
11
R$ billion
deposits
Execution Track Record
158.8188.3
270.8
337.6
376.9 381.221.4 21.3
22.2
26.5 26.3 26.0
2006 2007 2008 2009 2010 Mar/11
Market Share - %
12
US$ billion
foreign borrowings
Execution Track Record
2.3 3.36.2
8.8 7.91.72.2
4.6
7.6 9.0
3,8
6,8
6,3
5,1 5,3
2.0
2.0
2.0
2.1 2.0
2.6
3.4
2.6
1.82.2
12.4
17.6
21.7
25.3 26.4
2007 2008 2009 2010 Mar/11
Interbank Bond Issues Corporate Individuals Repos
13
R$ billion
asset management
Execution Track Record
182.7
220.1246.3
316.2
372.3
407.5
19.118.3
20.7 21.1 21.222.0
2006 2007 2008 2009 2010 Mar/11
Market Share - %
14
18.0%
29.3%
R$ billion
credit*
Execution Track Record
(*) Since 2009 includes guarantees and private securities.
51.9 65.597.2
144.0176.4 179.4
24.032.0
48.8
91.8
113.1 116.5
45.151.9
63.7
67.1
75.7 78.3
12.211.4
15.1
18.4
23.0 23.4
133.2160.7
224.8
321.4
388.2 397.516.5 16.017.1
20.1 19.8 19.5
2006 2007 2008 2009 2010 Mar/11
Corporate Individuals Agribusiness Offshore Market Share - %
15
78.9%
R$ billion
credit to individuals*
Execution Track Record
(*) Since 2009 includes guarantees and private securities.
47.3%
36.545.0 46.0
20.7
27.4 28.69.2
12.9 13.8
1.5
3.03.4
9.4
11.911.2
12.0
10.4 10.3
2.4
2.6 3.1
24.0
32.0
48.8
91.8
113.1 116.5
2006 2007 2008 2009 2010 Mar/11
Payroll Vehicle Finance Backed by direct deposits Mortgage Cards Other Overdraft
16(*) Since 2009 includes guarantees and private securities.
R$ billion
corporate loans
Execution Track Record
179.4
30.4 39.660.6
83.699.1 97.1
9.613.4
19.2
25.2
33.0 34.2
10.1
10.9
15.5
12.6
14.1 13.7
1.9
1.7
1.9
12.6
14.2 14.8
51.9
65.5
97.2
125.3
160.5
2006 2007 2008 2009 2010 Mar/11
Working Capital Investment Trade Finance Other
17
R$ billion
credit to agribusiness*
Execution Track Record
(*) Since 2009 includes guarantees and private securities.
36.6 40.2 45.2 48.0 49.6 50.4
8.511.7
18.519.2
26.1 27.9
45.151.9
63.767.1
75.7 78.3
58.0 58.2 59.9 59.2 60.6 61.1
2006 2007 2008 2009 2010 Mar/11
Agribusiness - Producer Agribusiness - Corporate Market Share - %
R$ billion
credit to agribusiness*
Execution Track Record
18(*) Since 2009 includes guarantees and private securities.
Corn
Costs** % Secured
3,898 73.2
1,741 87.3
919 79.6
197 61.9
Soy
Rice
Bean
(**) Amount contracted on crop 2010/2011 – R$ million.
9.4%22.7% 14.4 11.7 8.7 7.3
49.2 55.4 67.0 70.9
63.7 67.175.7 78.3
2008 2009 2010 Mar/11
Portfolio with rollover Portfolio without rollover
19
NIM and Risk Adjusted Margin
Execution Track Record
(*) Risk Adjusted NIM = Net Financial Margin / Average Earning Assets.
%
8.17.6
7.0 6.76.3 6.2
4.4
5.65.0
4.3 4.6 4.6
2006 2007 2008 2009 2010 1Q11
NIM Risk Adjusted NIM*
20
%
90 days delinquency
Execution Track Record
2.52.7
2.4
3.3
2.32.1
3.7
3.2 3.2
4.3
3.2 3.2
2006 2007 2008 2009 2010 Mar/11
BB Brazilian Banking Industry
business growth with efficiency
Execution Track Record
21
Thousand
4.0 4.0 4.3 4.9 5.1 5.1
Branches
82.6 81.989.0
104.0 109.0 111.2
2006 2007 2008 2009 2010 Mar/11
Employees
47.546.2 45.6
43.4 42.6 41.8
Cost to income ratio - % - 12 months
po s itv e ou tlo o k
22
execution track record
s tra te g ic po s itio n in g ne w fro n ts
Agenda
perspectivas favoráveis
23
execution track record positive outlook
s tra te g ic po s itio n in g ne w fro n ts
Agenda
24
Positive Outlook
worldcup + olimpic games
clean energy
pre-salt
rural productivity
infrastructure investments
income class migration
25
execution track record positive outlook
s tra te g ic po s itio n in g ne w fro n ts
Agenda
execution track record positive outlook
posicionamento estratégico ne w fro n ts
Agenda
strategic positioning
26
Banco Postal
Banco do Brasil
100% of municipalities until 2015
Strategic Positioning
Banking Alternative MunicipalitiesOnly Banco Postal 2,170
Only BB 69Banco Postal + BB 3,101
None 225Total 5,565
27
Fernando de Noronha
Source: IBGE, Ipeadata, Caged, CBIC and Brazilian Central Bank
Region’s percentage of Brazilian GDP
28
branch network suports growth
Strategic Positioning
% of Banco do Brasil Network in Terms of Branches
13.1%
9.2%
16.6%
56.0%
5.3%
20.8%
8.4%
20.5%
45.0%
5.1%
46.1%
18.5%
2006
2010
55.4%
16.6%
2006
2010
42.6%
20.1%2006
2010
43.1%
11.3%2006
2010
70.9%
82.5%2006
2010
Strategic Positioning
Augusta - SP29
BB 2.0 – retail remodeling
Gramado - RS
Leblon - RJ
(*) Net Interest Income + Fee Income + Insurance Income
42.848.0
52.7 54.4 54.9 198.8219.6
248.4
274.9 276.2
2007 2008 2009 2010 Mar/11
Clients (million) Comercial Revenues* / Clients (R$)
30
execution track record positive outlook
strategic positioning ne w fro n ts
Agenda
no v a s fre n te s
31
execution track record positive outlook
strategic positioning new fronts
Agenda
New Fronts
32
Market capitalization: R$ 78.2 billion
33
internationalization revenues diversification
eficiency and costs control retail remodeling
Agenda for the future
Investor Relations UnitSBS - Quadra 1 - Bloco C - Ed. Sede III - 7° andar
70073-901 - Brasília (DF)Phone: +55 (61) 3310 3980
Fax: +55 (61) 3102 1435