Banco do Brasil · Position: 03.31.2011 . Corporate Configuration 6 Posição: 31.12.2010 COBRA BB...
Transcript of Banco do Brasil · Position: 03.31.2011 . Corporate Configuration 6 Posição: 31.12.2010 COBRA BB...
Banco do Brasil
1st Quarter 2011
Disclaimer
2
The tables and chats in this presentation show the financial numbers rounded. The
columns of changes and the totalizers use the financial figures as basis, not the
rounded numbers. The used roundings follows the rules established by Resolution
866/66 of IBGE: if the last digit is more or equal than 5, it increases by one unit the
last digit to stay; if the last figure is less than 5, the last digit to stay remains
unchanged. The variations in both percentage and nominal were calculated using
numbers in units.
Economic Environment
3
(*) 12 months. Source: IBGE
(***) 12 months. Source: CAGED
(**) End of period. Source: Central Bank
(****) 12 months average. Source: IBGE
4.5
5.9
4.3
5.96.3
2007 2008 2009 2010 Mar/11
Price Index IPCA* - %
11.3
13.8
8.8
10.811.8
2007 2008 2009 2010 Mar/11
Interest Rate Selic** - %
1,6171,452
995
2,524
2,005
2007 2008 2009 2010 Mar/11
Formal Employment*** - thousand
9.3
7.9 8.1
6.7 6.5
2007 2008 2009 2010 Mar/11
Unemployment Index*** - %
567 603 656799
181 205
1,054
1,2021,123
1,214
274 301
2007 2008 2009 2010 1Q09 1Q11
Banking Industry Loan Operations*
Individual Corporate
Banking Industry
4
(*) Loan as reference for interest rate. Contracted amount
R$ billion
111.6 139.1 157.1 185.9 190.464.7
78.9107.9
138.3 142.9
45.863.3
91.9
138.8 150.7
2007 2008 2009 2010 Mar/11
Consumer Loans
Vehicle Payroll Mortgage
5.5 5.3
6.9
5.5 5.5
3.2 3.2
4.3
3.2 3.2
2007 2008 2009 2010 Mar/11
Credit Risk - %
Allowance / Portfolio Past Due Loan + 90 days / Portfolio
617 782 827 992 1,018
319 445 588
714 735
33.4 40.5
44.4 46.4 46.4
2007 2008 2009 2010 Mar/11
Banking Industry Loan Portfolio
Private Public Loan / GDP - %
Organizational Structure
5
Board of Officers
Internal Audit
Board of Directors
Shareholders General Meeting
Board of Audittors
Directorships
Audit Committee
CEO
VP of International
Business,
Wholesale and
Private Banking
International and
Foreigh Trade
Commercial
VP of Retail
Services
VP of Retail,
Service,
Distribution and
Operations
VP of
Agribusiness and
Small Ventures
VP of Government
Affairs
VP of Finance,
Capital Markets
and IR
VP of Technology
VP of Human
Resources and
Sustainable
Development
VP of Credit,
Controlling and
Global Risk
Card
Loans and
Financing
Insurance,
Pension and
Capitalization
Distribution and
Retail Channels Agribusiness
Government
Affairs
Pension
Management
Finance
Capital Markets
and Investments
Investor Relations
Technology
Structuring of
Solutions
Construction of
Solutions
Human
Resources
Relations with
Employees and
Sponsored
Entities
Controlling
Credit
Risk Management
Reestructuring of
Operational
Assets
Accouting
Internal Controls
Strategy and
Organization
Security
Management
Legal
Marketing e
Communication
Executive
Secretariat
Units
Suport of
Business and
Operations
Retail
Channel
Management
Sustainable
Development
São Paulo
Distribution Micro and Small-
Business
Private Bank
Operation of
Solutions
Position: 03.31.2011
Corporate Configuration
6
Posição:
31.12.2010
COBRA BB - 99,89% ON
99,95% Total
BI - 0,001% ON
0,001% Total
BB
LEASING BB - 100% ON
100% Total
BB CARTÕES
BB - 100% ON
100% Total
BB LEASING
Co. LTD BB - 100% ON
100% Total
BB DTVM
BB - 100% ON
100% Total
BB
CORRETORA BB – 100%ON
100% Total
BAMB BB - 100% ON
100% Total
BB
CONSÓRCIOS BB - 100% ON
100% Total
BANCO DO BRASIL
SECURITIES LLC BB - 100% ON
100% Total
BB
SECURITIES LTD BAMB - 100% ON
100% Total
BB TURISMO BAMB - 99% ON
99% Total
BB Leasing Co - 1% ON
1% Total
ATIVOS S.A. BB BI - 49% ON
74,50 % Total
BAMB - 51% ON
25,50% Total
BANCO DO BRASIL
M A N A G E D
BB PREVIDÊNCIA Entidade Fechada de
Previdência Privada
S P O N S O R E D
CASSI PREVI FBB
C O N T R O L L E D
F O U N D A TI O N
BANCO
VOTORANTIM
BB 49,99% ON
50% Total
BB BI BB - 100% ON
100% Total
BRASILPREV
BB Seguros Part. 49,99% ON
74,99% Total
BRASILCAP
BB Seguros Part. 49,99% ON
49,99% Total
BRASILVEÍCULOS
BB Aliança REV Part.
100%ON
100% Total
Strategic Interest
Insurance Group
BB SEGUROS PARTICIPAÇÕES
BB SEGUROS
PARTICIPAÇÕES
BB – 100% ON
100%Total
CADAM
BB 56,19% PN
21,64% Total
Participação Não Estratégica
Participações Estratégicas
R E L A T E D C O M P A N I E S / S H A R E S
NOSSA CAIXA
ADM. DE CARTÕES
BB – 100% ON
100% Total
CIBRASEC
BB - BI 9,09% ON
9,09% Total
BB 3,03% ON
3,03 % Total
CIELO
BB BI 28,65% ON
28,65% Total
CBSS
BB BI 44,31% ON
45,69% PN
45,00% Total
TECBAN
BB BI 9,02% ON
9,02% Total
BB 4,51% ON
4,51% Total
Aliança do
Brasil
BB Aliança Part. 100% ON
100% Total
BB BI
NOSSA CAIXA
CAPITALIZAÇÃO
BB – 100% ON
100% Total
BB ALIANÇA
PARTICIPAÇÕES
BB – 100% ON
100%Total
CADAM
BB 56,19% PN
21,64% Total
Non-strategic Interest
Strategic Interest
BANCO VOTORANTIM
BV PARTICIPAÇÕES
BB 49,99% ON
50% Total
MAPFRE NOSSA CAIXA
VIDA E PREVIDÊNCIA
BB 49% ON
49% Total
EBP
BB BI 11,11% ON
11,11% Total
BB USA HOLDING
COMPANY, INC.
BB AGViena - 100%ON
100% Total
BB MONEY
TRANSFERS, INC . BB USA HoldCo - 100% ON
100% Total
BANCO DO
BRASIL AG
VIENA BB - 100% ON
100% Total
ITAPEBI
BB - BI 19% ON
19% Total
KEPLER
WEBER BB - BI 17,55% ON
17,54% Total
BBDTVM 0,02% ON
0,02% Total
PRONOR BB - BI 5,51% PN
3,27% Total
BBDTVM 29,51% ON
12,02% Total
BB 1,77% PN
1,05% Total
NEOENERGIA
BB - BI 11,99% ON
11,99% Total
Non-strategic Interest Strategic Interest
SBCE
BB - BI 12,09% ON
12,09% Total
BESCVAL
BB – 99,62% ON
99,62% Total
FUSESC SIM PREVBEP ECONOMUS
Banco do Brasil S.A. National Treasury 51,8656% Fundo Fiscal de Inv. E Estabilização 2,1848%
Previ 10,3668% Fundo Garantidor para Investimentos 0,2622%
BNDESPar 0,0082% Investidores Estrangeiros 17,5301%
Fdo . Garantia à Exportação 4,8729% Investidores Brasileiros 12,9095%
BB ALIANÇA REV
PARTICIPAÇÕES
BB Seguros Part. 100% ON
100% Total
Position: 03.31.2011
59.2%
10.4%
16.4%
14.1%
FederalGovernment
Previ
Shareholding Breakdown
Ownership Structure
7
Free Float - % Free Float – 30,4%
11.7 11.3 11.817.5 16.4
10.0 10.2 10.0
12.9 14.121.7 21.5 21.8
30.4 30.4
2007 2008 2009 2010 Mar/11
Foreign Investors Other
Share´s Perfomance
8 (*) Profit in 12 months
3.1
1.3
2.1
1.81.6
2007 2008 2009 2010 Mar/11
Price / Book Value
0.80
1.401.58
1.73
0.37 0.41
2007 2008 2009 2010 Mar/10 Mar/11
Dividends and Interest on Own Capital / Share - R$
2.00
3.44
3.954.32
0.92 1.03
2007 2008 2009 2010 Mar/10 Mar/11
Earnings / Share - R$
14.88
4.28
7.52 7.686.88
2007 2008 2009 2010 Mar/11
Price / Earnings*
9 (*) Since 10/07/2009, date of ofirst operation with Unit SANB11
75.6%
58.9%
54.2%
59.1%
-7.5%
28/12/2006 28/12/2007 28/12/2008 28/12/2009 28/12/2010
Banco do Brasil Itaú Ibovespa Bradesco Santander*
Bradesco
Itaú
Bovespa
Share´s Perfomance
Profitability
10
75.3
37.7
76.3
89.9
76.7
84.5
2.03.5 4.1 4.7
1.0 1.2
2007 2008 2009 2010 Mar/10 Mar/11
Market Capitalizations - R$ billion
Dividends and Interest on Own Capital - R$ billion
5.1
8.8
10.1
11.7
2.42.9
5.96.7
8.5
10.7
2.12.9
26.1
32.5 30.727.0 28.0
24.9
26.924.7 25.8 24.6 24.2 24.8
2007 2008 2009 2010 1Q09 1Q11
Net Income - R$ billion Recurring Net Income - R$ billion
ROE - % Recurring ROE - %
367.2
521.3
708.5
811.2866.615.6
17.2
22.020.8
2007 2008 2009 2010 Mar/11
Assets Market Share* - %
Assets
11
CAGR = 30,2%
(*) Souce: Central Bank. Market share of mar/2011 not available.
Capital Structure
12
24.3
29.9
36.1
50.452.1
2007 2008 2009 2010 Mar/11
Shareholder´s Equity
10.70 10.90 10.60 11.02 11.15
4.90 4.303.20 3.06 2.97
15.60 15.20
13.80 14.08 14.13
2007 2008 2009 2010 Mar/11
BIS Ratio
Tier I Tier II
Funding*
13
CAGR (%) = 26.6
26.6
4.7
23.3
32.4
33.6
(*) Included BV and BNC since 2009
85.5149.6
193.5 204.7 219.072.3
91.1
160.8 142.2180.1
45.8
55.0
75.7 89.3
90.5
51.3
51.9
56.5 63.5
59.6
5.6
14.3
11.8 19.4
12.1
260.6
362.0
498.4519.0
561.3
2007 2008 2009 2010 Mar/11
Time Deposits Money Market Borrowing Savings Demand Deposits Others
R$ billion
Loan Portfolio*
14
CAGR (%) = 32.1
24.8
13.5
48.8
36.4
(*) Included BV, BNC, provided guarantees and private securities since 2009
(**) Domestic Loan Portfolio / SFN Loan Portfolio
65.597.2
125.3176.4 179.432.0
48.8
91.8
113.1 116.5
51.9
63.7
66.4
75.7 78.3
11.4
15.1
17.3
23.0 23.4
160.7
224.8
300.8
388.2 397.516.017.1
20.1 19.8 19.5
2007 2008 2009 2010 Mar/11
Corporates Individuals Agribusiness Offshore Market Share** - %
R$ billion
Loans to Individuals*
15
CAGR (%) = 48.8
217.4**
9.6
39.4
27.4
99.5
51.7
11.9 17.6
36.545.0 46.0
3.0
6.7
20.7
27.4 28.6
11.0
14.4
21.2
23.3 24.1
3.8
7.6
9.4
11.9 11.2
2.3
2.5
2.4
2.6 3.1
0.0
0.1
1.5
3.0 3.4
32.0
48.8
91.8
113.1116.5
2007 2008 2009 2010 Mar/11
Payroll Loan Vehicle Finance Other Credit Cards Overdraft Account Mortgage
R$ billion
(*) Included BV, BNC, provided guarantees and private securities since 2009
(**) Since 2008
Loans to Companies*
16
CAGR (%) = 36.4
24.7
42.4 40.9
62.3
103.4125.5 129.0
24.6
34.9
44.9
50.9 50.4
65.5
97.2
148.4
176.4 179.4
2007 2008 2009 2010 Mar/11
Medium and Large Companies SME
R$ billion
(*) Included BV, BNC, provided guarantees and private securities since 2009
Loans to Agribusiness*
17
CAGR (%) = 13.5
30.6
7.2
40.245.2 48.0 49.6 50.4
11.7
18.519.2
26.1 27.9
51.9
63.767.1
75.778.3
2007 2008 2009 2010 Mar/11
Agribusiness - Producer Agribusiness - Corporate
R$ billion
(*) Included BV, BNC, provided guarantees and private securities since 2009
Crop Insurance Breakdown - %
Loans to Agribusiness
18 (*) Crop 2010/2011 – up to mar/11
48.9%
65.8%
41.0%
28.7%
74.3%
50.0% 38.4% 39.3% 41.6%
50.0% 61.6% 60.7% 58.4%
11.6
15.5 14.912.1
Crop2007/2008
Crop2008/2009
Crop2009/2010
Crop2010/2011
Woking Capital* - R$ billion
Without Mitigators With Mitigators
Working Capital
Crop R$ million Insurance Proagro Price Total
Soybean 3,897.9 36.73 26.50 9.95 73.17
Corn 1,740.9 10.75 58.65 17.87 87.27
Coffee 1,648.4 - 31.99 - 31.99
Rice 918.9 62.98 16.61 0.04 79.62
Sugar Cane 569.5 28.95 6.92 - 35.87
Orange 273.2 0.02 8.44 - 8.45
Beans 196.7 - 61.94 - 61.94
Wheat 42.1 20.65 46.71 - 67.36
Other 2,777.4 7.81 29.32 0.17 37.30
Total 12,064.9 21.45 31.10 5.84 58.38
% with Mitigator
6.4 6.1 6.24.8 4.7
2.7 2.43.3
2.3 2.1
1.4 1.52.2 2.4 2.3
2007 2008 2009 2010 Mar/11
Added Provision + Required / Portfolio - %Past Due Loans + 90 days / Portfolio - %Accumulated Loss*** in 12 Months / Portfolio - %
Credit Risk
19
(*) Without one-off items
(**) Average Loan Portfolio and 12 months expenses
(***) Net of credit recovery
5,380 6,800
11,629 10,675 10,278
3.7 3.64.6
3.3 3.0
2007 2008 2009 2010 Mar/11
Provision expenses* - R$ millionProvision expenses / Portfolio** - %
25.334.5
41.754.2
12.5 14.9
14.7
23.923.7
27.0
6.17.9
40.0
58.465.3
81.2
18.622.8
20.824.5
33.1
39.2
9.4 10.5
2007 2008 2009 2010 1Q09 1Q11
Loan Revenues Other Intereste Revenues Net Intereste Income
Net Interest Income
20
R$ billion
Spread
21
(*) Net Interest Income / Earning Assets
(**) Annualized
25.421.0
18.715.9 15.3
6.9 6.7 7.2 6.0 6.0
6.3 5.1 5.3 5.6 5.1
2007 2008 2009 2010 1Q11
Individuals NIM Businesses NIM
Agribusiness NIM
11.9 12.5 9.9 9.8 10.4
7.6 7.0 6.7 6.3 6.2
63.955.7
67.0 64.3 58.9
2007 2008 2009 2010 1Q11
Accumulated SelicNIMNIM / Accumulated Selic
** *
14.3 16.119.7
23.6
5.7 5.9
30.935.2
45.4
55.5
13.0 14.3
46.2 45.643.4 42.6 43.9 41.8
2007 2008 2009 2010 1Q09 1Q11
Adminstrative Expenses Operating Income Cost to Income Ratio - % - 12 months
Productivity*
22
(*) Without one-off items
R$ billion
Productivity*
23
(*) Without one-off items
7.88.7
10.5
12.9
3.1 3.2
9.9
11.8
13.5
16.2
3.7 4.1
127.7136.2
128.2 125.4120.9
127.4
2007 2008 2009 2010 1Q09 1Q11
Personell Expenses - R$ billion Fee Income - R$ bilhão Coverage Ratio - %
R$ billion
Credit and Debt Cards
24
68.6
78.0
87.3 88.3 86.4 84.2
50.166.2
88.6
111.2
24.0 30.1
2007 2008 2009 2010 1Q09 1Q11
Total issued cards - million Card´s Turnover
Structure
25 (**) Included ATM from partnership
81.989.0
104.0109.0 111.2
2007 2008 2009 2010 Mar/11
Employees - thousand
15.3 16.0 17.9 18.4 18.5
3.15.7 5.3
10.1 10.610.2 9.8
10.7 10.6
2007 2008 2009 2010 Mar/11
Points of Service - thousand
BB´s Points of Service Banking AgentsCEF - Lottery Stores
39.3
45.9
54.057.1 57.0
2007 2008 2009 2010 Mar/11
ATM** - thousand
(*) Since set/2008
91.3 91.1 92.0 93.0 92.9
2007 2008 2009 2010 Mar/11
Transactions in Automated Channels - - %
Structure
26 Position: march/2011
269 Branches
1.061 Branches
431 Branches
2.296 Branches
1.046 Branches
Structure
27
8.5 8.69.3
11.0 11.4
2007 2008 2009 2010 Mar/11
Internet Banking - million of customers
36.4%
19.8%
18.7%
7.0%
12.1%
6.1%
2010
ATM
Internet Individuals
Internet Businesses
Cash
POS
Other
34.4%
20.9%
18.4%
7.1%
10.1%
9.1%
Mar/11
ATM
Internet Individuals
InternetBusinesses
Cash
POS
Other
220.1
246.3
316.2
372.3
407.5
2007 2008 2009 2010 Mar/11
R$ billion*
Asset Management
28
CAGR = 20,9%
37.7%
22.2%
25.8%
10.8%
3.6%
InstitutionalInvestor
Retail
Government
Wholesale
Foreign Investor
66.4%7.2%
14.0%
12.5%Fixed Income
Multimarket
Equity
Other(*) Included 50% of Banco Votorantim
440.5 468.4 487.9 491.0 512.5
14.5 12.8 13.511.1
12.6
1Q09 2Q09 3Q10 4Q10 1Q11
Insurance Income - R$ million
Insurance Ratio* - %
24.0 25.528.4
33.430.1
1Q09 2Q09 3Q10 4Q10 1Q11
Revenue from Cards - R$ billion
536.7575.0
612.5585.7
622.5
339.8 354.4 362.5 372.3407.5
1Q09 2Q09 3Q10 4Q10 1Q11
Income from Asset Management Fees - R$ million
Asset Management - R$ billion
3.7
4.04.1
4.3
4.1
1Q09 2Q09 3Q10 4Q10 1Q11
Fee Income - R$ billion
Asset management, cards and insurance businesses boost revenues
29 (*) Insurance Net Income / BB´s Recurring Net Income
D = 25,6%
D = 16,0%
D = 16,3%
D = 10,9%
Investor Relations Unit SBS - Quadra 1 - Bloco C - Ed. Sede III - 7° floor
70073-901 - Brasília (DF)
Phone: (61) 3310 3980
Fax: (61) 3310 3735
bb.com.br