1 banco do brasil 1q09. 2 economic environment selic interest rate ipca - price index ratio - % 1q09...
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1
Banco do Brasil1Q09
2
Economic EnvironmentEconomic Environment
Selic Interest Rate IPCA - Price Index
Ratio - %
1Q09
11.3
5.6
2008
13.8
5.9
2007
11.3
4.5
2006
13.3
3.1
2005
18.0
5.7
3
Economic EnvironmentEconomic Environment
International Reserves Volume
Sovereign Risk - basis points
Trade Balance
US$ billion
2005 2006 2007 2008 1Q09
53.8 44.7
85.8
46.1
180.3
40.0
206.8
24.7
202.4
3.0
305193 222
416 425
4
Banking IndustryBanking Industry
Businesses IndividualsLoan / GDP - %
Loan Segments - Free Resources %
Source: Brazilian Central Bank
31.2 30.7
34.7
41.3 42.5
2005
52.847.2
2006
52.247.8
2007
51.948.1
2008
54.7
45.3
1Q09
53.346.7
5
Others
Vehicles
Payroll Loan
Credit Cards / Overdraft Account
Individual Loan Segments¹ - %
Loan SegmentsLoan Segments
¹ Referential Credito to Tax RateSource: Brazilian Central Bank
2005
32.6
32.7
20.4
14.3
2006
28.7
33.1
25.1
13.1
2007
26.6
34.0
26.8
12.6
2008
26.9
29.9
28.9
14.3
1Q09
26.5
29.0
29.1
15.3
6
Board of Officers
Internal Audit
Board of Directors
Shareholders General Meeting
Board of Auditors
Foreign Trade
Wholesale
International
SecurityManagement
ExecutiveSecretariat
Strategyand
Organization
Marketing andCommunication
Legal
Internal Controls
Directorships Units
Cards
New RetailBusiness
Insurance.Pension and Capitalization
High Income
Retail
Micro and Small
Enterprises
Agribusiness
OperationalSupport
LogisticsGovernment
EmployeeRelations
and Social Env.Resp.
Finance Human Resources
Controlling
Credit
RiskManagement
Pension Fund Management
Capital Markets
and Investment
Investor Relations
Accounting
Reestructuringof Operational
Assets
Audit Committee
Distribution and RetailChannels
CEO
VP of International
Businessand Wholesale
VP ofCards and New Retail Business
VP of Technology
and Logistics
SoftwareDevelopment
VP ofHuman
Resources andSocial
EnvironmentallResponsability
VP of Credit.
Controlling and Risk
Management
IT Infraestructure
Technology
VP ofFinance.
Capital Marketsand IR
VP ofGovernment
VP ofAgribusiness
VP ofRetail and
Distribution
Low Income
7
COBRABB-99.36% ON
99.35% TotalBI-0.04% ON
0.04% Total
BB LEASING
BB - 100% ON 100% Total
BB VIENA BB -100% ON
100% Total
BBCARTÕES
BB - 100% ON 100% Total
BB LEASING Co. LTD
BB - 100% ON 100% Total
BB DTVM
BB -100% ON 100% Total
BBCORRETORA
BB - 100%ON 100% Total
BAMBBB -100% ON
100% Total
BBCONSÓRCIOS
BB - 100% ON 100% Total
BB BIBB - 100% ON
100% Total
BANCO DO BRASIL
SECURITIES LLC BB - 100% ON
100% Total
BBSECURITIES
BAMB -100% ON 100% Total
BB TURISMO BAMB - 99% ONBB Leasing - 1% ON
100% Total
ATIVOS S.A. BB BI - 49% ON
74.50 % TotalBAMB - 51% ON 25.50% Total
BRASILPREV
BB-BI 49.99% ON 49.99% Total
CIBRASEC
BB-BI 9.09% ON 9.09% Total
SBCE
BB-BI 12.09% ON 12.09% Total
BRASILSAÚDE
BB-BI 49.92%ON 49.92% Total
VISANET
BB BI 31.63% ON 31.63% Total
Securities GroupSecurities Group
ITAPEBI
BB-BI 19% ON 19% Total
BRASILCAP
BB-BI 49.99% ON 49.99% Total
KEPLER WEBER
BB-BI 18.94% ON 17.65% TotalBBDTVM 0.0245% ON 0.0228% Total
VISA VALE
BB BI 35% ON
40.35% Total
PRONORBB 1.77% PN 1.05% TotalBB-BI 5.51% PN 3.27% TotalBBDTVM 29.51% ON 12.02% Total
Strategic Participation
Non-strategic Participation
BRASIL VEÍCULOS
BB-BI 40% ON 70% Total
NEOENERGIA
BB-BI 8.81% ON 11.99% Total
TECBAN
BB BI 8.96% ON 8.96% Total
B B
CADAM
BB 56.19% PN 21.64% Total
Non-Strategic Participation
MANAGED
BB PREVIDÊNCIA
Closed Private Pension Entity
SPONSORED
CASSI PREVIFBB
Other ParticipationOther Participation
RELATED COMPANIES / PARTICIPATION
B B B I
C O N T R O LLED
BANCO POPULAR DO BRASIL
BB -100% ON 100% Total
FOUNDATION
Multiple BankNational Treasury 54.33 % Previ 10.15 %BNDESPAR 2.49 % Individuals 5.78 %Businesses 5.36 % Foreign Capital 10.56 %Shares in Treasury 0.04 %
ALIANÇADO BRASIL
BBBI - 100%ON 100% Total
8
National Treasure
PREVI
BNDESPar
Foreign Investors Others
Participation
Ownership StructureOwnership Structure
Free Float - %
65.6%10.2%
2.5%
10.6%
11.1%
Free float: 21.7%
6.9
2005
3.5
3.4
14.8
2006
7.6
7.2
21.7
2007
11.7
10.0
21.5
2008
11.3
10.2
21.7
11.1
10.6
1Q09
9
Price / Book Value
Price / Earnings
Share’s PerformanceShare’s Performance
2.0
2005
2.5
2006
3.1
2007
1.4
2008
1.4
1Q09
8.1
2005
8.7
2006
14.9
2007
4.3
2008
5.3
1Q09
10
Share’s PerformanceShare’s Performance
Earnings / Share – R$
Dividends and Interest on Own Capital / Share – R$
0.6
2005
1.0
2006
0.8
2007
1.4
2008
0.26
1Q09
1.7
2005
2.4
2006
2.0
2007
3.4
2008
0.65
1Q09
11
Share’s PerformanceShare’s Performance
85.2%
56.2%
140.6%
77.3%
IbovespaBanco do Brasil Bradesco Itaú
dec/04 dec/05 dec/06 dec/07 dec/08 mar/09
12
ProfitabilityProfitability
Net Income - R$ billionROE - %
Market Capitalization - R$ billionDividends and Interest on Own Capital - R$ million
4.2
2005
6.0
2006
5.1
2007
8.8
2008
2.3
1Q08
1.7
1Q09
26.832.1
22.5
32.5
43.5
23.8
33.7
2005
52.8
2006
75.3
2007
37.7
2008
58.7
1Q08
43.3
1Q09
1,4982,418 2,023
3,521
939 666
13
Shareholder’s Equity - R$ billion
Capital StructureCapital Structure
BaselBasel
Tier I Tier II
16.8
2005
20.8
2006
24.3
2007
29.9
2008
30.9
1Q09
17.1 17.315.6 15.2 15.0
11.7 11.7 10.7 10.9 10.4
5.4 5.64.9 4.3 4.6
2005 2006 2007 2008 1Q09
14
Market Share % Assets² - R$ billion
AssetsAssets
(¹) Until Dec/08 - Source: Brazilian Central Bank (²) Economic-Financial Consolidated
253.0
2005
296.4
2006
367.2
2007
521.3
20082
591.9
1Q092
CAGR: 29.9%CAGR: 29.9%
15.1% 14.8% 14.3% 18.1% 20.5%1
15
Money Market Borrowing
Demand Deposits
Saving Deposits
Others
Market Share - %
R$ billion
Time Deposits
FundingFunding
(¹) Until Dec/08 - Source: SFN
168.2208.1
260.6
362.0
CAGR (%): 31.7
14.9
26.5
8.9
46.9
37.4
411.5
63.5
30.532.835.8
5.5
2005
76.9
49.3
36.7
40.1
5.2
2006
85.5
72.3
51.3
5.6
45.8
2007
149.6
91.1
55.0
51.9
14.3
2008
19.1% 19.6% 19.8%21.7%
24.7%1
178.5
106.5
70.6
47.3
8.7
1Q09
16
100.0
Saving Deposits
Time Deposits
Judicial Deposits
Total Deposits
Money Market Borrowing
Total Funding
Funding Cost - as % of Selic
FundingFunding
68.04%
83.87%
46.76%
67.08%
107.36%
77.91%
17
Individuals
Businesses
Agribusiness
Abroad
Loan PortfolioLoan Portfolio
R$ billion
Market Share* - %
(*)Sep/08 - Domestic Portfolio
CAGR (%): 30.5
15.7
19.9
34.8
44.7
101.8
18.4
38.5
35.7
9.2
2005
133.2
24.0
51.9
45.1
12.2
2006
160.7
32.0
65.5
51.9
11.4
2007
224.8
48.8
97.2
63.7
15.1
2008
241.9
61.1
101.8
64.3
14.7
1Q09
16.515.3
16.017.1
18.3
18
Others
Payroll Loans Overdraft Account
Credit Card Vehicle Loans
Consumer FinanceConsumer Finance
R$ billion
9.7
3.82.52.20.2
2005
18.4
9.5
8.3
3.12.20.9
2006
24.0
11.0
11.9
3.82.33.0
2007
32.0
14.4
17.6
7.6
2.56.7
2008
48.8
18.4
24.8
7.5
3.47.0
1Q09
61.1
CAGR (%): 44.7
195.6
13.9
40.4
78.0
22.0
19
SMEMiddle and Corporate Enterprises
Credit to BusinessesCredit to Businesses
R$ billion
CAGR (%): 34.8
31.3
37.1
62.3
34.9
2008
97.2
40.9
24.6
2007
65.5
33.6
18.3
2006
51.9
23.1
15.4
2005
38.5
64.3
37.4
1Q09
101.7
20
BusinessesIndividuals
Credit to AgribusinessCredit to Agribusiness
R$ billion
CAGR (%): 19.8
46.2
13.735.8
30.5
5.3
2005
45.1
36.6
8.5
2006
51.9
40.2
11.7
2007
63.7
45.2
18.5
2008
64.3
46.3
18.0
1Q09
21
Provision Expenses - R$ billionProvision Expenses/Loan Portfolio¹ - %
Credit RiskCredit Risk
(1) Average Loan Portfolio and Expenses in the last 12 months.
4.5
2005
5.7
2006
5.4
2007
6.8
2008
7.8
1Q09
3.84.7 5.0
3.7 3.6
22
Additional + Required Provision / Loan Portfolio - % Required Provision / Loan Portfolio - %
Past Due Loans + 90 days / Loan Porfolio - % Losses¹ / Loan Portfolio - %
Credit RiskCredit Risk
(1) Net of Recovery
6.6 6.46.1
6.4
5.4 5.4 5.7
1.42.2
6.5
2.72.42.73.4
2.5
5.45.8
2.0
2.9
1.1
2005 2006 2007 2008 1Q09
23
Net Interest IncomeNet Interest Income
Loan RevenuesOther Interest Revenues
Net Interest Income
19.2
14.4
2005
33.6
21.6
15.1
2006
36.7
25.3
14.7
2007
40.0
34.5
23.5
2008
58.0
7.23.8
1Q08
11.0
9.0
6.3
1Q09
15.3
16.718.1
20.8
24.1
5.67.0
R$ billion
24
NIMNIM
(1) Annualized Net Interest Income over Earning Assets
AgribusinessIndividuals Businesses
Selic - %
NIM¹ - %
Annualized NIM by Loan Portfolio - %
18.0
13.311.3
13.811.3
6.67.17.68.18.6
2005 2006 2007 2008 1Q09
30.1 28.725.4
21.0 20.5
6.36.0 5.5 5.95.1
7.26.78.18.4
6.9
2005 2006 2007 2008 1Q09
25
ProductivityProductivity
Administrative Expenses¹ Operating Income¹Cost/Income Ratio without one-off Itens - %
(1) without one-off itens
R$ billion
13.1
27.3
13.7
28.9
3.7
8.2
4.1
9.5
2005 2006
14.3
30.9
2007
15.4
34.0
2008 1Q08 1Q09
43.344.745.346.247.548.1
26
ProductivityProductivity
Administrative Expenses¹ Fee Income¹Coverage Ratio without one-off Itens - %
(1) without one-off itens
R$ billion
102.3112.9
127.7 124.5
150.8
131.9
7.5 7.6
2005
7.98.9
2006
9.9
7.8
2007
8.5
10.5
2008
1.92.9
1Q08
2.22.9
1Q09
27
Credit and Debit CardsCredit and Debit Cards
Debit Cards Issued - million
Revenues – R$ billion
Credit Cards Issued - million
CAGR (%): 15.4
36.7
9.0
40.0 41.7 47.2 52.7
9.3 14.121.3
25.7
2005 2006 2007 2008
48.2 52.9
22.425.7
1Q08 1Q09
49.355.8
68.578.4
70.678.6
18.014.5
66.250.5
30.338.6
28
StructureStructure
Individuals Businesses
Checking Accounts - million
Employees - thousand
83.82005
82.72006
81.92007
89.02008
89.51Q09
2005 24.420,823,023.0 1.5
2006 25.723,024,224.2 1.6
2007 27.425,025,725.7 1.7
2008 30.426,728,528.5 1.9
1Q09 30.628,532,228.7 1.9CAGR (%): 7.2
7.1
7.2
29
StructureStructure
Others Branches
Points of Service - thousand
Transaction in Automated Channels - %
2005 14.810.9 3.9
2006 15.111.1 4.0
2007 15.311.3 4.0
2008 16.011.6 4.3
1Q09 16.211.9 4.4
89.22005
90.02006
91.32007
91.12008
91.31Q09
30
Retail 995Wholesale 7Government 9High Income 10
Retail 1.483Wholesale 46 Government 5High Income 47Retail 1.057
Wholesale 22Government 3High Income 9
Retail 391Wholesale 5Government 5High Income 10
Retail 239Wholesale 2Government 7High Income 2
5.7%
9.4%
23.9%
35.6%
25.4%
StructureStructure
Distribution Network by Customer
Northeast
North
Midwest
South
Southeast
31
ATMInternet Individuals
CashPOSOthers
Internet Businesses
StructureStructure
Transactions per Channels - %
Internet Banking – million of customers
2003 7.9
2006 8.2
2007 8.5
2008 8.6
1Q09 8.7
40.7
16.3
18.4
8.7
9.56.3
40.5
16.0
19.3
9.5
9.2 5.61Q09 1Q08
32
Client ProfileClient Profile
Retail
Wholesale
Government
InstitutionalInvestors
ForeignInvestors
Investment ProfileInvestment Profile
Fixed Income51.6%
Multi-strategy17.4%
Equities17.4%
Others13.6%
R$ billion
Asset ManagementAsset Management
153.5
2005
182.7
2006
220.1
2007
246.3
2008
259.3
1Q09
CAGR: 17.5%CAGR: 17.5%
23.1%
9.3%
21.9% 40.6%
5.0%
33
Insurance - Added ValueInsurance - Added Value
R$ million
2005
889
2007
1,209
2008
1,511
1Q08
302371
1Q09
1,130
2006
CAGR: 17.7%CAGR: 17.7%
34
Investor Relations UnitSBS - Quadra 1 - Bloco C - Ed. Sede III - 5° floor
70073-901 - Brasília (DF)Phone: 55 (61) 3310-3980
Fax: 55 (61) 3310-3735
DisclaimerDisclaimer - This presentation contains 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. it also involves imprecision and high difficult risks to be foreseen. consequently. it may conduct to a different result than the one anticipated here. These expectations are highly depended on market conditions. on the Brazilian economic performance. on the sector and the
international market. Banco do Brasil is not responsible for bringing up to date any estimate in this presentation.
For further information access www.bb.com.br/ri