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InvestorRELATIONS
4Q17
Earnings Release
Highlights
Expanded Loan Portfolio of R$ 16.0billion, increase of 13.9% in the quarterand 11.4% in the year.
NPL considering installments fallingdue of 2.9% in the quarter.
Despite the very challenging economic set-up, we ended fiscal 2017 with Net Income of R$ 521.5 million, growth of 28.2% over
2016; ROAE of 18.4% p.a.
Basle III Ratio of 14.9%, with the minimum being required of 9.25%. Net Equity of R$ 3,009.0 million, only “Tier I” capital.
Net Income of R$ 521.5 million in 2017, 28.2% higher than in fiscal 2016.
ROAE of 18.4% p.a. in 2017 and NetInterest Margin (NIM) of 11.6 % p.a. in2017.
2
Expanded Loan portfolio reaches R$ 16.0 billion
Breakdown Loan PortfolioExpanded Loan Portfolio – R$ mn
Expanded Loan Portfolio (R$ mn) 2013 2014 2015 2016 2017 3Q17 4Q17 Chg.
Companies 4,653.2 5,273.4 5,965.5 5,796.7 6,639.4 6,068.9 6,639.4 9.4%
Receivables Purchase 1,037.7 1,781.5 1,346.5 1,875.1 2,478.1 1,235.3 2,478.1 100.6%
Leasing - - 356.4 408.8 544.4 477.9 544.4 13.9%
Avals and Sureties 473.9 407.0 395.3 548.9 870.8 765.9 870.8 13.7%
Total Expanded Companies 6,164.8 7,461.9 8,063.7 8,629.5 10,532.7 8,548.0 10,532.7 23.2%
Payroll Loans 3,454.7 4,440.9 4,999.9 4,810.4 4,568.0 4,625.8 4,568.0 -1.2%
Payroll Card - - 136.6 268.8 315.6 302.3 315.6 4.4%
Total Payroll Loans 3,454.7 4,440.9 5,136.5 5,079.2 4,883.6 4,928.1 4,883.6 -0.9%
Total Auto Loans 704.6 772.5 767.3 590.8 570.2 550.5 570.2 3.6%
Property Guaranteed Credit / Other 87.7 104.2 106.3 86.7 46.3 50.9 46.3 -9.0%
Total Expanded Loan Portfolio 10,411.8 12,779.5 14,073.8 14,386.2 16,032.8 14,077.5 16,032.8 13.9%
10,411
12,780
14,074 14,386
16,033
2013 2014 2015 2016 2017
65.7%
30.5%
3.5% 0.3%
Companies
Payroll Loans
Auto Loans
Other
60.0%
35.3%
4.1%0.6%
Companies
Payroll Loans
Auto Loans
Other
2017 2016
3
69%
13%
5%
5%3%
3% 2% Receivables
Real Estate
Agricultural Products
Financial Investments
Vehicles
Equipments / Foreign goods
Others
50%
32%
15%
3%
Up to 3 months 3 to 12 months
1 to 3 years 3 to 5 years
Companies Portfolio: growth of 23.2% in the quarter
Companies Portfolio – R$ mn
Collateral
Highlights
Maturity of 50% over the next
90 days
Outstanding Operation
89% of active clients with sales less than R$ 300 mn/year
58% of the balance due is from clients with sales up to R$ 300 mn/year
86% of the tickets are lower than R$ 500,000
Focus on companies with anual revenues between R$ 10mn and R$ 300mn
94% of the clients have a balance due lower than R$ 5 mn
59%13%
14%
10%4%
Southeast
South
Northeast
Mid-West
North
Geographic Distribution
6,1657,462
8,064 8,630
10,533
2013 2014 2015 2016 2017
4
Breakdown Companies R$ (mn) 4Q17 Chg. 3Q17
Working Capital 3,963.2 12.7%
Guaranteed Account 1,471.6 11.3%
Receivables Purchase 2,478.1 100.6%
Trade Finance 730.4 -5.9%
BNDES 474.2 4.7%
Leasing 544.4 13.9%
Avals and Sureties 870.8 13.7%
Total Companies 10,532.7 23.2%
52%
24%
7%
8%
5%4%
Working Capital/Guaranteed Account
Receivables Purchase
Trade Finance
Avals and Sureties
Leasing
BNDES
Companies Portfolio: Diversification of the sectorial breakdown
Sectors Breakdown
Concentration by Sector
4Q17 4Q166
Industry 42.6% 43.8%
Service 27.5% 28.9%
Commerce 22.9% 22.3%
10 Largest Subsectors*
Road Freight Transportation 3.1% 3.3%
Tire Wholesale 3.0% 2.5%
Oil Industry 2,6% 0.9%
Cleaning Products Wholesale 2.3% 1.4%
Real Estate Development 2.0% 2.8%
Holding 2.0% 1.8%
Wholesale of Cereal 1.8% 1.5%
Sugar and Alcohol Plant 1.6% 2.2%
Auto Parts and Accessories Industry 1.6% 1.1%
Poultry Industry 1.4% 1.2%
Concentration of Credit
1.1%
6.7%
9.7%
15.1%
20.4%
Largest Debtor
10 Largest
20 Largest
50 Largest
100 Largest
* % over the total of the Companies portfolio
5
255 252 292 346 398
170 195
300 301
349 425 447
592 647
747
4Q16 1Q17 2Q17 3Q17 4Q17
Net Origination Refin. Total
Payroll Loans: Balance of R$ 4,884 million
Total Payroll Loan – R$ mnHighlights
36.2%
29.5%
10.9%
10.2%
9.2%
4.0% INSS
State Government
Municipalities
Government /SIAPE
Army
Others
Breakdown Payroll LoanPortfolio Origination Monthly Average
Number of contracts in the portfolio 4Q17: 1.121,000
Average ticket: R$ 4,800
Portfolio Duration: 15 months
Average Interest Rate (year): 31.3%
38 own stores-IFP: 17.5% share of sales
Refinancing Origination (Refin): 47%
Payroll Card: 315,600
34.9%
22.5%
19.6%
12.1%
7.7%
3.2% INSS
State Government
Government /SIAPE
Army
Municipalities
Others
Breakdown Payroll Origination
3,455
4,441
5,137 5,079 4,884
2013 2014 2015 2016 2017
6
19%
39%
39%
3%
Up to 3 months 3 to 12 months 1 to 3 years 3 to 5 years
Daycred Auto Loans: Portfolio stability
Auto Loans - Outstanding OperationOrigination of Auto Loan Portfolio – R$ mn
Auto Loan Portfolio – R$ mn
Maturity of 97% over the next 3
years
Highlights
92 86
72
59
45 42 45 53
67
79
94
2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17
Focus on the Southeast of Brazil
Number of Promoters: 138
Number of contracts in the portfolio 4Q17: 93,300
Average ticket: R$ 6,200 with minimum down payment of 30%
Portfolio Duration: 14 months
Average Interest Rate (year): 39.6%
Vehicle average age: 12 years (78% light vehicles and 22% heavy vehicles)
705 773 767
591 570
2013 2014 2015 2016 2017
7
Asset Management - R$ mn
Daycoval Asset manages 61 funds
33 Multimarket Funds; 4 Fixed Income Funds; 1 Stock Fund; 5 FIDC; 13 Investment Clubs; 1 Real Estate Fund; 3 Holding Funds and 1 ManagedPortfolio
Gross Revenue of R$ 7.7 MN through the management of investment funds (2017)
Daycoval Classic Fixed Income Private Credit fund shareholders' equity exceeded R$ 600 million in the quarter
Online investment platformdaycovalinveste.com.br
Diversification of products: LCM, LCA, local Bonds, CDB (bankdepositary receipt), Funds and Automatic Credit
TWO NEW DAYCOVAL APPS ARE NOW AVAILABLE
1,713
1,9522,121
2,4272,561
4Q16 1Q17 2Q17 3Q17 4Q17
8
33 Exchange Bureaus433,600 operations and turnover of R$ 1,150.6 million this year
38 stores throughout the country18.9% share of sales280 employees.
Loans and FinancingOperations
33 offices1,519,000 trading operations with pre-paid cards, cash and remittances
Collection
daycovalcambio.com.br/lojaonlinedaycovalcgi.com.br
ecode.daycoval.com.br
At Daycoval Câmbio you can find the main foreign currencies in circulation in the world.
FOREIGN CURRENCY
TRAVEL MONEY CARDS
American Dollar| Canadian Dollar | Australian DollarNew Zealand Dollar | Euro and Pound.
Other Products and Services
9
Funding: increase of 11.0% compared to 2016
Funding – R$ mn
GlobalLong Term Ba2
NationalLong Term Aa2
PerspectiveNegative
Dec/17
GlobalLong Term BBShort Term F3
NationalLong Term AA (bra)Short Term F1 (bra)
PerspectiveNegative
May/17
GlobalLong Term BB-Short Term B
NationalLong Term brA
Short Term brA-2
PerspectiveNegative
Jan/18
BRMP 1Low Risk for Short Term (up to 2 years)
– Very safe
Set/17
Risk Rating Agencies
17% 15% 17% 12% 14%14%
24% 20%12% 10%
28%
28% 26%
32%37%
41%
33%37%
44%39%
2013 2014 2015 2016 2017
Borrowing and Onlending Foreign Issuances
Local Bonds Total Deposits + LCA + LCM
15,509
10,277
13,63615,718
14,162
Funding (R$ MN) 2013 2014 2015 2016 2017 3Q17 4Q17 Chg.Deposits 3,708.2 3,858.5 4,741.6 5,228.1 5,062.7 4,803.1 5,062.7 5.4%
Letter of Credit - LCA+ LCM 471.7 683.2 942.4 957.1 989.3 1,051.7 989.3 -5.9%
Total Deposits + LCA + LCM 3,708.2 3,858.5 5,684.0 6,185.2 6,052.0 5,854.8 6,052.0 3.4%
Individuals 92.0 149.5 180.5 257.5 235.1 321.8 235.1 -26.9%
Institutional 2,313.5 2,802.4 3,182.9 3,490.8 5,081.1 4,570.2 5,081.1 11.2%
Institutional - Public Offerings 497.6 913.7 604.6 809.7 456.9 448.0 456.9 2.0%
Local Bonds (Letras Financeiras) 2,903.1 3,865.6 3,968.0 4,558.0 5,773.1 5,340.0 5,773.1 8.1%
Foreign Issuances 1,400.8 3,215.2 3,071.8 1,685.8 1,688.4 1,614.7 1,688.4 4.6%
Foreign borrowings 1,475.7 1,680.4 2,520.1 1,403.7 1,732.6 1,651.6 1,732.6 4.9%
Domestic onlendings 318.5 332.8 265.3 329.3 472.0 446.8 472.0 5.6%
Borrowing and Onlending 1,794.2 2,013.2 2,785.4 1,733.0 2,204.6 2,098.4 2,204.6 5.1%
Total 10,277.0 13,635.7 15,509.2 14,162.0 15,718.1 14,907.9 15,718.1 5.4%
10
Asset & Liability by Maturity - Positive Gap of 81 days
Free Cash of R$ 3.3 billion
17.5%
33.7%
44.2%
4.6%
Up tp 3 months 3-12 months 1-3 years 3-5 years
38.1%
28.5%
23.1%
7.9%2.4%
Up tp 3 months 3-12 months 1-3 years 3-5 years over 5 years
Funding - Outstanding OperationsLoan Portfolio - Outstanding Operations
Maturity of67% over the
next 12 months
Maturity of51% over the
next 12 months
FundingAverage term to Maturity (1) days
Total Deposits 173Interbank Deposits 194Local Bonds (letras financeiras) 461(LCA) Letter of Credit Agribusiness 165LCI (Letter Home Mortgage) 203Foreign Issuances 429Borrowing and Onlending (2) 457Leasing 278BNDES 403
Total Funding 381
Loan Portfolio by SegmentAverage term to Maturity (1) days
Companies 188
Trade Finance 90
Payroll Loans 479
Auto Loans 429
DCC + Other 1,072
Leasing 460
BNDES 400
Total Loan Portfolio 300(1) From December 31, 2017; (2) Does not consider Avals and Surities(1) From December 31, 2017
1,289
4,574
6,481
747 -
5,992
4,4803,636
1,241381
Up to 3 months 3-12 months 1-3 years 3-5 years over 5 years
Funding Credit Portfolio
11
4.3 4.3
6.07.1 7.2
8.9 8.9 8.8
6.4
8.0 8.4 8.3
7.1
4Q
14
1Q
15
2Q
15
3Q
15
4Q
15
1Q
16
2Q
16
3Q
16
4Q
16
1Q
17
2Q
17
3Q
17
4Q
17
6.27.1
7.88.6
9.710.5
11.2 11.411.6
11.210.6
9.48.6
4Q
14
1Q
15
2Q
15
3Q
15
4Q
15
1Q
16
2Q
16
3Q
16
4Q
16
1Q
17
2Q
17
3Q
17
4Q
17
2.1 1.9 2.2 2.3 2.4 2.6 2.7 2.83.3 3.5
4.1 4.0 4.0
4Q
14
1Q
15
2Q
15
3Q
15
4Q
15
1Q
16
2Q
16
3Q
16
4Q
16
1Q
17
2Q
17
3Q
17
4Q
17
Provisions remain at controlled levels
(1) Includes Receivables purchase and Leasing
452 463597
674735
802 840 842765
827911 899 931
98 114194 156 173 164 175 162 121 135 180
92 147
4Q
14
1Q
15
2Q
15
3Q
15
4Q
15
1Q
16
2Q
16
3Q
16
4Q
16
1Q
17
2Q
17
3Q
17
4Q
17
Provision Balance Stabilishment of Provision
Balance and Establishment of Provision R$ MN
Evolution LLP / Portfolio by Segment (%)
Vehicle ProvisionPayroll ProvisionCompanies Portfolio Provision(1)
3.7 3.64.6
5.3 5.56.3 6.5 6.5
5.56.4
6.9 6.86.1
4Q
14
1Q
15
2Q
15
3Q
15
4Q
15
1Q
16
2Q
16
3Q
16
4Q
16
1Q
17
2Q
17
3Q
17
4Q
17
(% Loan Portfolio)
Total Provision
12
384 351
155157
8345
2016 2017
622553
Recovered Loans (R$ mn)
Recovered Loans reached R$ 150.4 million in 2017
(1): Recovered Loans / write-off of previous year
Provision Expenses (R$ mn)
Loan Portfolio E-H - R$ mn 4Q16 1Q17 2Q17 3Q17 4Q17
Companies1 528.7 634.8 655.8 629.7 619.1
Leasing 19.8 20.3 16.7 13.6 9.3
Payroll 178.7 195.7 210.0 226.1 218.3
Auto 78.9 72.1 65.8 57.8 53.7
DCC + Other 11.6 9.6 8.1 6.2 2.9
Total 817.7 932.5 956.4 933.4 903.3
Final Balance LLP 765.1 826.6 910.6 899.7 930.5
LLP Balance / Portfolio E-H (%) 93.6% 88.6% 95.2% 96.4% 103.0%
1 – Considers receivables purchase E-H portfolio.
Write-off – (R$ mn) 4Q16 1Q17 2Q17 3Q17 4Q17 2016 2017
Companies (143.2) (22.8) (45.0) (53.1) (68.5) (400.8) (189.3)
Retail (54.9) (50.4) (50.9) (49.7) (47.9) (205.1) (199.0)
Total (198.1) (73.2) (95.9) (102.8) (116.4) (605.9) (388.3)
55 84 10161
10649
3667
21
331715
12
10
8
4Q16 1Q17 2Q17 3Q17 4Q17
Companies Payroll Loans Auto Loans + others
121
135 147
92
180
22.645.4
14.429.0 23.4
9.4
9.0
9.2
9.69.9
32.0
54.4
23.6
38.6 33.3
29%
50%
17%24%
17%
4Q16 1Q17 2Q17 3Q17 4Q17
Companies Retail % Recoverd Loans (1)
125.4 112.6
37.637.8
163.0150.4
43%
25%
2016 2017
13
102 93108
128 122
168
230 226
99
147157
172 165
0.8% 0.7% 0.8% 1.0% 0.9%1.3%
1.8% 1.7%
0.7%1.1% 1.2% 1.3% 1.1%
4Q
14
1Q
15
2Q
15
3Q
15
4Q
15
1Q
16
2Q
16
3Q
16
4Q
16
1Q
17
2Q
17
3Q
17
4Q
17
Past due operations > 90 days R$ (mn) Past due operations > 90 days/Loan Portfolio
Quality indicators of credit portfolio remain controlled
Past due operations - more than 90 days
R$ MN
Overdue Loans) 2014 2015 2016 2017
Overdue Loans more than 90 days past due - R$ mn 102.4 121.5 98.9 164.6
Overdue Loans more than 90 days past due - R$ mn – falling due installments 330.9 353.4 418.8 447.1
LLP Balance / Overdue Loans > 90 days (%) 441.1% 605.1% 773.6% 565.3%
LLP Balance / Overdue Loans > 90 days (%) – falling due installments 136.5% 208.0% 54.7% 208.1%
Overdue Loans > 90 days/Loan Portfolio (%) 0.8% 0.9% 0.7% 1.1%
Overdue Loans > 90 days/Loan Portfolio (%) – falling due installments 2.7% 2.7% 3.0% 2.9%
331 329298
351 353417
617
526
419
580527 511
447
2.7% 2.5% 2.3%2.8% 2.7%
3.4%
4.9%4.2%
3.0%
4.5%4.0% 3.8%
2.9%
4Q
14
1Q
15
2Q
15
3Q
15
4Q
15
1Q
16
2Q
16
3Q
16
4Q
16
1Q
17
2Q
17
3Q
17
4Q
17
Past due operations > 90 days (R$ mn) Past due operations > 90 days/Loan Portfolio
Past due operations - more than 90 days
Installments falling due
14
69 69 7287
74
114
174 169
41
87 92112 107
1.0% 1.0% 1.0% 1.3% 1.0%1.8%
2.6% 2.5%
0.5%1.2% 1.2% 1.4% 1.1%
4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17
Past due operations > 90 days R$ (mn) Past due operations > 90 days/Loan Portfolio
157 160
115147 133
172
306
222
97
205174
196
152
2.2% 2.2%1.7%
2.2% 1.8%2.7%
4.6%
3.3%
1.2%
2.8%2.3% 2.5%
1.6%
4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17
Past due operations > 90 days R$ (mn) Past due operations > 90 days/Loan Portfolio
Past due loans > 90 daysPast due loans > 90 days – installments falling due
18 17 18 19 22 25 29 3036
4147 45 45
0.4% 0.3% 0.4% 0.4% 0.4% 0.5% 0.6% 0.6% 0.7% 0.8% 0.9% 0.9% 0.9%
4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17
Past due operations > 90 days R$ (mn) Past due operations > 90 days/Loan Portfolio
113 104 109 119 125148
217 217243
303 289264
247
2.5% 2.1% 2.2% 2.4% 2.4% 2.6% 2.8%4.2% 4.8%
6.1% 5.7% 5.3% 5.1%
4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17
Past due operations > 90 days R$ (mn) Past due operations > 90 days/Loan Portfolio
Past due loans > 90 days Past due loans > 90 days – installments falling due
12 1214
16 17 18 18 16 1614 13
11 10
1.6% 1.6% 1.7% 2.0% 2.2% 2.4% 2.6% 2.5% 2.6% 2.5% 2.4% 2.1% 1.8%
4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17
Past due operations > 90 days R$ (mn) Past due operations > 90 days/Loan Portfolio
5358
6671
78 79 78 71 6760
5446 44
6.9% 7.3% 8.2% 9.0% 10.1% 10.8% 11.3% 11.2% 11.3% 10.8% 9.8% 8.3% 7.7%
4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17
Past due operations > 90 days R$ (mn) Past due operations > 90 days/Loan Portfolio
Past due loans > 90 days Past due loans > 90 days – installments falling due
COMPANIES
PAYROLL
VEHICLES
15
28.0
36.436.0 34.0 34.1
31.6 32.9
2013 2014 2015 2016 2017 3Q17 4Q17
Recurring Efficiency Ratio of 31.6% in 2017
Recurring Efficiency Ratio - %
Recurring Efficiency Ratio (R$ mn) 2013 2014 2015 2016 2017 3Q17 4Q17
(+) Personnel (185.6) (218.5) (267.7) (286.6) (304.6) (75.9) (86.6)
(+) Administrative Expenses (185.1) (211.4) (262.4) (235.4) (236.1) (58.9) (64.5)
(+) Commisions (191.0) (233.8) (208.5) (228.6) (219.2) (54.3) (54.8)
(+) Depreciation and Amortization 2.4 6.6 6.8 4.3 5.5 0.7 2.6
Total Expenses (A) (559.3) (657.1) (731.8) (746.3) (754.4) (188.4) (203.3)
(+) Income from Recurring Financial Intermediation - LLP 1,294.1 1,239.0 1,736.1 1,235.6 1,963.7 405.5 624.0
(+) Income from Services Provided 94.0 103.4 109.7 101.7 134.3 34.8 40.7
(+) Income Service Fee 147.4 257.6 307.6 228.5 221.0 47.2 60.4
(+) Exchange Rate Variation 0.0 223.8 (3.8) 625.2 64.7 84.9 0.0
Total Income (B) 1,535.5 1,823.8 2,149.6 2,191.0 2,383.7 572.4 725.1
Recurring Efficiency Ratio (A/B) (%) 36.4% 36.0% 34.0% 34.1% 31.6% 32.9% 28.0%
16
12.6 12.1 12.2 12.3 12.2 12.3
15.7
2013 2014 2015 2016 2017 3Q17 4Q17
NIM-AR of 15.7 % in 4Q17
Adjusted Net Interest Margin and Recurring - (NIM-AR) (1) - (%)
(1) Includes exchange-rate variations on liability operations, foreign trade, the purchase of credit rights and portfolio transfers to other banks and excludes matched operations — repurchase agreements-tri-party repos outstanding.
Recurring Adjusted Net Interest Margin (NIM-AR) (%) 2013 2014 2015 2016 2017 3Q17 4Q17
Adjusted Income from Financial Intermediation adjusted (mn) 1,408.9 1,649.8 2,037.3 2,093.4 2,317.2 535.9 712.5
Hedge/MTM R$ (mn) (41.0) (70.5) (76.7) 28.8 78.6 2.6 28.3
Hedge Interest rate (DI) R$ (mn) - 7.8 74.1 (24.7) (10.7) (4.3) (0.2)
Recurring Adjusted Income from Financial Intermediation (A) R$ (mn) 1,441.6 1,712.5 2,039.9 2,089.3 2,249.3 537.6 684.4
Average Remunerated Assets R$ (mn) 12,550.0 14,984.2 17,463.2 18,225.9 19,963.5 19,918.6 20,491.5
(-) Expenses of financial intermediation add back provisions R$ (mn) (1,073.1) (836.6) (751.3) (1,280.1) (1,523.2) (1,638.5) (2,016.7)
Average Remunerated Assets (B) R$ (mn) 11,476.9 14,147.6 16,711.9 16,945.8 18,440.3 18,280.1 18,474.8
Recurring Adjusted Net Interest Margin (NIM-AR) (%p.a.) (A/B) 12.6% 12.1% 12.2% 12.3% 12.2% 12.3% 15.7%
17
2,657.43.009,0521.5
(188.3)18.4
Dec/16 Net Income Interest on Equity andDividends
Asset ValuationAdjustment
Dec/17
15.9% 14.9%15.9%17.1%
16.5%
4Q16 1Q17 2Q17 3Q17 4Q17
Basel Index of 14.9%
Change in Shareholder’s Equity – 2017
(1) Basel Index 3 minimum 9.25%.required by the Central Bank.
2,6572,828
2,923 3,009
2,742
4Q16 1Q17 2Q17 3Q17 4Q17
Shareholder's Equity
R$ MN
Basel Index III (1)
100% Tier I
R$ MN
18
143.6130.0
3Q17 4Q17
1.7 1.6
2.1 2.02.3
2.52.2
2013 2014 2015 2016 2017 3Q17 4Q17
10.0 11.2
16.2 14.8
18.419.9
17.3
2013 2014 2015 2016 2017 3Q17 4Q17
Net Income of R$ 521.5 million and Return on Average Equity (ROAE) of R$ 18.4% in 2017
R$ MN Recurring Key Figures (R$ MN) 2016 2017 3Q17 4Q17
Net Income 406.9 521.5 143.6 130.0
Hedge MTM 15.9 43.2 1.4 15.6
Hedge Interest rate (DI) -Retail
(13.6) (5.9) (2.4) (0.1)
Equivalence Exchange Variation (18.2) 1.6 (4.8) 4.8
Adjusted Net Income 422.8 482.6 149.4 109.7
Shareholders Equity 2,753.1 2,837.3 2,883.2 2,997.6
Total Assets 20,446.7 22,787.5 23,103.8 23,470.3
Adjusted ROAA (%) 2.1% 2.1% 2.6% 1.9%
Adjusted ROAE (%) 15.4% 17.0% 20.7% 14.6%
Recurring Eficiency Ratio (%) 34.1% 31.6% 32.9% 28.0%
Net Income
Return on Average Equity (ROAE) - % Return on Average Assets (ROAA) - %
233.8278.1
432.0406.9
521.5
2013 2014 2015 2016 2017
19
Ricardo Gelbaum [email protected]
+55 (11) 3138-1024
Erich [email protected]
+55 (11) 3138-1025
Rafaella [email protected]
+55 (11) 3138-0809
"This material may include estimates and forward-looking statements. These estimates and forward-looking statements are to a large extent based on current expectations and projections about future events and
financial trends that affect or may come to affect the Bank's business. Many important factors may adversely affect the results of Banco Daycoval as described in management's estimates and forward-looking
statements. These factors include, but are not limited to, the following: the performance of the Brazilian and international economies; fiscal, foreign-exchange and monetary policies; increasing competition in the
companies segment; Banco Daycoval's ability to obtain funding for its operations; and changes to Central Bank rules and regulations.
The words "believe," "may," "could," "seek," "estimate," "continue," "anticipate," "plan," "expect" and other similar words are used to identify estimates and projections. Considerations involving estimates and
forward-looking statements include information relating to results and projections, strategies, competitive positioning, the industry environment, growth opportunities, the effects of future regulation, and the effects
of competition. Such estimates and projections are valid only at the time of writing. Daycoval does not undertake to publish updates or review any of these estimates in response to new information, future events or
other factors. In light of the risks and uncertainties involved, the estimates and forward-looking statements contained herein may not materialize. Given these limitations, shareholders and investors should not make
decisions based on the estimates, projections and forward-looking statements contained in this material."
Investor Relations
4Q17 Conference Call
20
