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Unibanco´s Consolidated Results for the Period Ended December 31, 2000

Conference Call - February 20, 2001

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ContentsContents

• Financial Summary

• Competitive Positioning

• Concluding Remarks

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Financial SummaryResults and Capitalization

2000 1999

Net income (R$ million) 739 591 25.0Earnings/1000 shares 6.02 5.57 8.1Net worth (R$ million) 5,504 4,002 37.5

ROAE 17.5 18.5ROAA 1.8 1.7BIS Ratio - Central Bank 16.5% 17.5%

%

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Financial SummaryLoan Growth

In R$ million

General Purpose Lending Trade Finance

Subtotal

Personal LoansReal EstateLeasingCredit Cards

Subtotal

Year %change

Quarter % change Dec/99 Sep/00Dec/00

10,254

42.9%

30.9%

59.5%16.3%-2.0%51.7%

41.9%

8,3893,070

11,459

2,762441769

1,773

5,745

7,1783,557

10,735

2,130436950

1,560

5,076

22.2%23.8%22.7%

23.0%15.0%21.1%33.5%

25.4%

3,80214,056

3,398507931

2,367

7,203

Total 34.5%17,204 15,811 23.6%21,259

6.9%

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December 1999 December 2000

Retail Banking

32%LargeCorporate

41%

Private

1% Credicard and Fininvest10%

Corporate MiddleMarket

16%

LargeCorporate

49%

Retail Banking

24%

Credicard and Fininvest8%

Private

Corporate Middle Market

17% 2%

Financial SummaryFinancial SummaryLoan Breakdown Loan Breakdown

R$ 15,811 million R$ 21,259 million

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Financial SummaryDeposits In R$ million

Demand Deposits 2,392 1,686 706 165 541

Savings Deposits 3,706 2,688 1,018 989 28

Interbank Deposits 199 99 100 45 55

Time Deposits 7,053 4,995 2,058 1,141 917

In R$ million

Dec/00 Sep/00Bandeirantes + 50% Fininvest

Organic Growth

Total Deposits 1,5429,468 3,882 2,340 13,350

Growth

Deposits/Loans up from 55% to 63% QoQ

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Financial SummaryFunding

In R$ million

Year %change

Funding in local currency Funding in foreign currency

Quarter % change Dec/99 Sep/00Dec/00

60.0%13.1%

52.5%

20,9758,001

17,238

18,5279,064

13,423

41.3%28.1%

18.7%

29,64010,250

20,467

Total Customer Funds 47.2%46,214 41,014 30.6%60,357

Assets under management

29,703 30,82634,322

41,014 60,327

96 97 98 99 2000

• CAGR of 19.4%, 103.1% in 4 years

Total funding

44.6%28,976 27,591 37.7%39,890

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Financial SummaryFee Income In R$ million

96 97 98 99

904

1,2441,368 1,449

1,640

• CAGR of 16.1%, 81.4% in 4 years

Tariffs and comissions 228 195 16.9 802 701 14.4Credit Cards 180 148 21.6 619 501 23.6Asset Management 62 62 - 219 247 (11.3)

4Q00 3Q00 % 2000 1999 %

Total 1,449405 16.0 1,640 470

• Bandeirantes and Fininvest contributed R$ 25 million in fees in Dec/2000.

2000

13.2

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Fees/Personnel Exp.(%) 140.8 137.6 78.3

Fees/Total Expenses.(%) 54.6 53.1 33.8

Cost Asset Ratio(1) 6.3 7.6 10.2

Financial SummaryPersonnel and Administrative Expenses

• Acquisitions of Bandeirantes, Fininvest and Credibanco contributed R$ 90 million to total expenses

• Other newly consolidated companies (Cibrasec, Serasa, Banco1.net) contributed R$ 32 million to total expenses

• 5.6% increase in expenses YoY excluding both factors mentioned above

2000 1999 1996

2,682 2,632 2,771 2,727

1,165

96 97 98 99 2000

1,107 1,147 1,143 1,053

3,002

Personnel Adm. Expenses (1) Excludes impacts of Banco Bandeirantes and 50% of Fininvest

1,837

1,575 1,485 1,628 1,674

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Financial SummaryCredit Quality

In R$ million

AA A B C D - H

44%

27%

9%12%8%

2Q00 3Q00 4Q00

17,327

44%

28%

10%10%8%

17,833

80% 82% 81%41%

30%

10%

10%9%

22,148

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Gross Profit from Financial Intermediation 926 917 880 3,501 3,348

Provisions for Losses (net of recovery) (276) (260) (71) (859) (870)

Fee Income 470 405 366 1,640 1,449

Personnel & Admin. Expenses (892) (734) (715) (3,001) (2,727)

Other 78 (48) (254) (112) (303)

Income Before Tax & Profit Sharing 306 280 206 1,169 897

Net Income 183 205 166 739 591

Financial Summary Consolidated Income Statement

4Q00 3Q00 4Q99 2000 1999

In R$ million

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Competitive Positioning - Retail BankingCompetitive Positioning - Retail BankingClient Base and Distribution NetworkClient Base and Distribution Network

Unibanco branches/CSB/ISBBandeirantes branches/CSBFininvest Network

BandeirantesFininvest

Unibanco

99 2000

3.7

4.0

3.0

0.7

7.7

3.5

98 99

1,080

2000

1,623

98

1,017

462

64

1,097

# of Clients (in million) Points of Sale

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10,000

7,500

4,450

3,600

2,500

1,500

700

0

25 5018 30 35 37 40 45 55 60 65 65 70Age

Income

Source: Brazil IBGE (PNAD) - All sources

Young Affluent Affluent

Successful Beginner

Upper Middle Family Older Up-scale

Middle Family Middle Core

Young Mass Market Mass Market

Younger Lower Older Lower

19.9%

from 2.1% to 10.8%

Competitive Positioning - Retail BankingCompetitive Positioning - Retail BankingCustomer Base - Market Share Customer Base - Market Share

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Competitive Positioning - Credit CardsCompetitive Positioning - Credit Cards

100% Cartão Unibanco100% Fininvest100% Bandeirantes

# 1 in Credit Cards in Latin America

Subtotal

3,326 7 2,512534 1 1,802287 1 109

14,671 29 7,240

2,550 6 2,033336 1 1,237

12,781 31 6,408

4,147 9 4,423

MarketShare %

TransactionsR$MM

Cards Issued(´000)

MarketShare %

TransactionsR$MM

Cards Issued(´000)

33% Credicard

2000 1999

2,886 7 3,270- --

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Competitive Positioning - Wholesale BankingCompetitive Positioning - Wholesale Banking

2.9

98 99 2000

3.83.6

Trade Financing98 99 2000

BNDES Onlendings

4.0

98 99 2000

5.6

98 99 2000

12.4

10.0

Total Loans Private Banking Portfolio

in R$ billion

9.1

3.1

2.4

1.7

4.4

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Competitive Positioning - Wholesale BankingCompetitive Positioning - Wholesale Banking

•Ranked #3 in disbursements of BNDES onlendings; entered 2001 as financial advisor to 37 projects demanding R$ 11 billion in financing

•Maintained share in excess of 8% of trade financing

•Capital Markets/Syndicated Lending: lead managed transaction totaling R$ 8.5 billion, up from R$ 7.4 billion in 1999

•M&A: completed 11 advisory mandates; earned Euromoney Awards for Excellence 2000

•Expanded middle market presence: increased client base and geographic presence

Particularly well positioned for increased volumes in capital markets activities for large corporates, credit for the middle market, and advisory

and convenience/cash management services to both segments.

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Competitive Positioning Competitive Positioning Insurance Insurance

Combined Ratio (%)

108.0

105.0

101.2

104.7

108.3106.5

98 99 00Unibanco AIG Market

61.6 62.7 61.9

66.368.9 68.0

98 99 00

Unibanco AIG Market

Claims (%)

Premiums Written

Premiums Written by Segment Unibanco AIG Seguros

31%Auto Life and

accidents27%

Health6%

Property14%

10%8%4%

Others

CTPLMarine cargo

1,075 997 1,150

379 349369

98 99 00

Insurance (Unibanco, AIG, Trevo) Pension Plans

1,4541,346

1,519

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Competitive Positioning Competitive Positioning Asset ManagementAsset Management

• Focus on distribution

Assets undermanagement in R$ billion

98 99UnibancoBandeirantes

2000

10,17513,423

20,467

18,697

1,770

Market Share

98 99 2000

6%5%

4%

Management fees

Lever retail volumes from organic growth and acquisitions

• Focus on performance Maintain solid position in institutional/ corporate segment and increase of volumes in Private

98 99 2000

2.66%1.88%

1.41%

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Concluding RemarksConcluding RemarksCompetitive Arena - Multiple of Total Assets

1-Bradesco 2.9x 2-Itaú 2.3x 3-Santander Banespa 2.3x 4-Bamerindus 1.6x 5-Unibanco 6-Econômico 0.9x7-Nacional 0.8x8-Real 0.7x

1990Multiple

Challenges:

• end of inflation

• growth / scale

• efficiency / quality

• capitalization

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1-Bradesco (1) 1.8x 2-Itaú (2) 1.3x 3-Santander Banespa (2) 1.2x 4-Unibanco (1) 1.0x 5- ABN Real (3) 0.7x 6-Safra (3) 0.4x7-HSBC Bamerindus (3) 0.4x8-BBVA Econômico (3) 0.2x

Concluding RemarksConcluding RemarksCompetitive Arena - Multiple of Total Assets

1-Bradesco 2.9x 2-Itaú 2.3x 3-Santander Banespa 2.3x 4-Bamerindus 1.6x 5-Unibanco 6-Econômico 0.9x7-Nacional 0.8x8-ABN Real 0.7x

1990Multiple

Challenges:

• declining spreads

• growth / scale

• efficiency / quality

2000Multiple

(1) As of December,2000 (2) As of September,2000 (3) As of June,2000

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Concluding RemarksConcluding RemarksThe Credit OpportunityThe Credit Opportunity

20% Average

Loan Growth (R$ 31.6 Billion)

18% 12.4%R$ 10.2

billion

5 years BIS RatioROAE

Forecast: PotentialLeveragein 5th year

BIS 16.5%Assets R$ 51.5 billion

Loans R$ 21.3 billion

December 2000

Credit as lever for whole spectrum of revenues

of a well balanced universal banking franchise