1 banco do brasil 4q07 results. 2 net income recurring net income – r$ million net income – r$...
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1
Banco do Banco do
BrasilBrasil
4Q07 Results4Q07 Results
2
Net IncomeNet Income
Recurring Net Income – R$ million
Net Income – R$ million ROE - %
Recurring ROE - %
3Q074Q06 1Q07 2Q07 2006 2007
6,044 5,748
3,665
5,058
26.7 29.4
20.926.3
29.4 31.0
19.5 22.5
32.1 25.5
4Q07
1,582
1,3641,248
1,409 1,464
1,068 1,217
Δ Recurring Net Income (0.4%)
1,243
22.2
22.7
Δ Recurring Net Income 56.8%
3
Net Income 6,044 5,058
2006 2007
Early Retirement Plan
Cassi Restructuring
Other Effects
Recurring Net Income
-
-
425
1,905
899
-
3,665
604
325
-
-
-
239
5,748
Tax Credit Recorded
Previ Parity Fund
BM&F/Bovespa & Other
Effects
Extraordinary Effects - Total (-)2,379 (+)690
Main Extraordinary Effects
R$ million
Net Income ChangesNet Income Changes
4
Net Income 3Q07 1,364
Recurring Net Income 4Q07 1,243
Net Income 4Q07 1,217
R$ million
Net Interest Income 322
Fee Income 92
Other Effects 86
One Time Off Items 26( )
Administrative Expenses 340
Provisions for Credit Risk 281( )
Net Income ChangesNet Income Changes
5
15.1
21.6
18.6
14.7
25.3
19.2
3.7
5.8
4.6
3.5
6.1
4.7
3.9
6.1
4.8
4Q06 1Q07 2Q07 2006 2007
Other Interest Revenues
Loan Revenues
Interest Expenses
Net Interest Income
4.8 5.0 5.2
18.1
20.8
3.7
6.5
5.1
3Q07
5.2
3.5
6.6
4.6
4Q07
5.5
9.5 9.6 10.0 10.3 10.1
36.740.0
Net Interest IncomeNet Interest IncomeR$ billion
6
(1) Net Interest Income Over Earning Assets
NIM
Annualized¹ - %Selic Rate - %
Annualized NIM by Loan Portfolio - %
4Q06 1Q07 2Q07 3Q07 4Q07
6.4 7.0 6.6 6.6
8.0 7.3 7.0 7.2
31.828.9 28.8 27.7
5.8
6.9
26.6
4Q06 1Q07 2Q07 3Q07 4Q07
8.4 7.9 8.0 7.7 7.8
13.25 12.75 12.00 11.25 11.25
Net Interest IncomeNet Interest Income
AgribusinessesIndividuals Businesses
7
22.918.2
12.7
29.936.1
46.4
4Q06 1Q07 2Q07
Funding Interest
Rate
Investment Interest
Rate
Floating Rate Fixed Rate
Domestic Long Net Exposure - R$ billion
14.6
49.4
3Q07
15.1
62.4
4Q07
129.3 126.3 130.1 131.7 133.8
73.9 69.9 71.975.3 70.5
Long Exposure vs. Interest RateLong Exposure vs. Interest RateRelated to Selic - %
8
Businesses Agribusinesses Individuals Abroad
51.9
45.1
24.0
12.2
Dec/06
133.2
55.2
46.8
26.1
12.3
Mar/07
140.4
56.3
48.8
27.9
12.2
Jun/07
145.2
59.7
48.4
29.5
12.6
Sep/07
150.2
Dec/07
65.5
51.9
32.0
11.4
160.7
Loan PortfolioLoan PortfolioR$ billion
Δ % over4Q06 3Q07
20.7 7.0
(6.6) (9.4)
33.4 8.5
15.1 7.1
26.1 9.7
9
Cars Loan Credit Card
Overdraft Account Payroll Loan Others
3.12.2
8.3
9.5
24.0
0.93.2
2.7
9.3
9.6
26.1
1.33.4
2.6
10.2
9.9
27.9
1.7
3.6
2.6
11.0
2.2
29.5
10.1
4.3
2.4
11.9
2.9
32.0
10.5
Loan Portfolio - IndividualsLoan Portfolio - IndividualsR$ billion
Δ % over4Q06 3Q07
33.4 8.5
10.2 4.9
8.7 (7.3)
39.5 17.8
43.3 7.9
227.4 31.5
Dec/06 Mar/07 Jun/07 Sep/07 Dec/07
10
BB
Banking Industry
Banking Industry
BB
Average Risk - %
Required Provision / Past Due Loan + 90 days - %
214.0
170.1
222.7
173.1
221.9
166.2
4Q06 1Q07 2Q07 3Q07
5.4 5.4 5.4
6.2 6.06.2
202.8
167.7
4Q07
5.8
5.4
204.5
169.2
5.5
5.4
Credit RiskCredit Risk
11(1) Average Portfolio and Expenses of the past 12 months
Provision Expenses - R$ million
Provision Expenses / Loan Portfolio¹ - %
Provision / Loan Portfolio - %
Past Over Due Loans + 15 days / Loan Portfolio - %
Past Over Due Loans + 60 days / Loan Portfolio - %
6.5 6.5 6.5 6.4
4.1 4.2 4.14.7
2.9 2.8 2.83.4
4Q06 1Q07 2Q07 3Q07 4Q07
4.5
3.3
6.4
1,2571,431
1,236
4Q06 1Q07 2Q07 3Q07
1,216
4Q07
1,497
5.0 4.84.1
3.7 3.7
Provision for Credit Risk and DelinquencyProvision for Credit Risk and Delinquency
12
Dec/06 Mar/07 Jun/07 Dec/07
Total Provision Required Provision Additional Provision
Sep/07
7,551 7,786 8,084 8,7277,238
1,582 1,655 1,5801,586
1,397
9,133 9,441 9,66310,313
8,635
Provisions for Credit RiskProvisions for Credit Risk BreakdownBreakdownR$ million
13
Saving Deposits Demand Deposits
Time Deposits Others
Dec/06
36.7
40.1
76.9
5.2158.8
Mar/07
38.9
35.6
80.9
5.3160.7
Jun/07
40.8
36.8
81.4
5.4164.5
Sep/07
43.8
38.7
83.6
6.0172.2
Dec/07
45.8
51.3
85.5
5.6188.3
DepositsDepositsR$ billion
Δ % over4Q06 3Q07
18.5 9.4
8.6 (6.4)
11.2 2.2
28.1 32.5
24.9 4.6
14
CustomersProducts Others
4Q073Q072Q071Q074Q06 2006 2007
8,8889,902
1,491
727
280
2,498
1,460
716
261
2,437
1,394
703
279
2,377
1,337
672
278
2,287
1,556
769
266
2,590
5,2805,901
2,6072,915
1,073 1,085
Fee IncomeFee IncomeR$ million
Δ % over2006
13.3
11.9
1.1
11.4
15
Customers - million
Assets under Management - R$ billion
Market Share - %
220.1206.9
Dec/07
182.7 193.1 208.9
Dec/06 Mar/07 Jun/07 Sep/07
Δ= 6.4%
Δ= 20.5%
18.319.1 19.1 19.1
18.1
Individuals Businesses
24.4
22.8
1.624.6
23.0
1.6
23.3
1.624.9
23.6
1.625.2
Dec/07Dec/06 Mar/07 Jun/07 Sep/07
24.3
1.726.0
Asset Management
Customers and Asset ManagementCustomers and Asset Management
16
Added Value¹
275
4Q07
316
3Q074Q06
300
1Q07
315
2Q07
Δ= (6.9%)
Δ= (8.3)%
294
2006 2007
1,123 1,200
Δ= 6.8%
InsuranceInsuranceR$ million
(1) Includes equity income, fee income, commission and asset management income
17
657
546
4Q074Q06
558
1Q07
508
2Q07
566
3Q07
Δ= 20.2%
Δ= 17.7%
Added Value¹
2006 2007
1,9842,279
Δ= 14.9%
Credit CardsCredit CardsR$ million
(1) Includes fee income, financing income, equity income and others
18
Revenue - R$ billion Credit Cards Quantity - million
69.1
4Q07
56.4 59.864.1
57.0
4Q06 1Q07 2Q07 3Q07
10.9 11.5 12.314.3
11.1
37.949.3
2006 2007
56.4
69.1
42.348.9
14.1
20.2
42.3 42.6 44.1 46.3 48.9
Δ= 22.5%
Δ= 7.8%
20.2
14.115.7
17.814.4
Debit and Credit CardsDebit and Credit Cards
Debit Cards Quantity - million
19
Personnel Expenses¹ Other Administrative Expenses¹
4Q06
1,846
1,516
3,362
1Q07
1,748
1,401
3,149
2Q07
1,713
1,519
3,232
1,936
1,729
4Q07
3,665
3Q07
1,759
1,572
3,331
2006 2007
12,87813,296
7,270
5,608
7,077
6,219
Administrative ExpensesAdministrative ExpensesR$ million
Δ % over2006
(2.7)
10.9
3.3
(1) Legal risk and extraordinary items are not included.
20
Administrative ExpensesAdministrative Expenses
(1) Change in the rate (1% - 3%). It includes R$26.5 million related to June to September 2007.
(2) Average workforce of 4Q07 ( - ) 3Q07 = 2,841 employees, valued as of 3Q07. The 3Q07 average workforce is78,624 against 81,465 in the 4Q07.
3Q07 1,758.9 Salary Raise (2007/2008) 82.0
Occupational Accident Insurance¹ 53.0 Workforce Increase² 61.3
Other Effects (19.0)
4Q07 1,936.3
Changes in Personnel Expenses
R$ million
21
Administrative ExpensesAdministrative ExpensesR$ million
(1) It includes contributions to FBB and to Children and Teenagers Rights Fund.
(2) It includes temporary workforce to absorb BA and MG payroll.
(3) It includes BB Public Offering and BB 200 anniversary marketing campaigns.
3Q07 1,571.8
Non-structure Changes 72.0 Philanthropic Contributions¹ 32.0 Temporary Workforce² 21.0 Publicity³ 19.0 Other Changes 85.2 Supplies of Funds Services 32.0 Outsourced Services 21.0 Security Guard and Properties 30.0 Other Effects 2.2
4Q07 1,729.0
Changes in Other Administrative Expenses
22
Fee Income
Personnel ExpensesCoverage Ratio¹ - %
Coverage Ratio without Retirement Plan and Cassi¹ - %
4Q06 1Q07 2Q07
2.32.0
2.4
1.9
2.4 2.5
3Q07
2.5 2.4
4Q07
2.62.3
(1) Year to Date
Productivity RatioProductivity RatioR$ billion
110.1 108.1107.2
127.7127.9
113.2
130.6130.3
23
Administrative Expenses
Operating IncomeEfficiency Ratio¹ - %
Efficiency Ratio without Retirement Plan and Cassi¹ - %
4Q06 1Q07 2Q07
3.6
7.1
3.3
7.5
4.2
7.7
3Q07
4.2
7.7
4Q07
4.2
8.0
47.444.1
49.1 50.851.4
44.7 45.5 46.9
Productivity RatioProductivity RatioR$ billion
(1) Year to Date
24
Tier IITier I
Mar/07
11.6
5.5
17.2
Jun/07
10.6
5.3
15.9
10.7
4.9
Dec/07
15.6
Sep/07
10.5
5.2
15.7
11.6
5.6
17.3
Dec/06
LeverageLeverage
BIS Ratio - %
Loan / Total Deposits - %
83.8
4Q06
87.4
1Q07
88.3
2Q07
87.2
3Q07
85.4
4Q07
25
Annual EstimatesAnnual Estimates
2008
Guidance Reported Guidance
Net Interest Income / Earning Assets (NIM) 8% 7.8% 7.5% - 8%
Provision for Credit Risk3.7% - 4% of the average portfolio
3.7%3.7% - 4% of theaverage portfolio
Fee Income 12% - 17% 11.4% 8%
Administrative Expenses¹in line with
inflation3.3% 7% - 10%
ROE 23% - 27% 25.5% 23% - 27%
Loan Portfolio 25% - 30% 20.7% 25%
Individuals 35% - 40% 33.3% 30% - 35%
Businesses 25% - 30% 26.1% 25% - 30%
Total Deposits 15% - 20% 18.5% 15% - 20%
Credit Card 16.5 million 20.2 million 25 million
2007
(1) Legal risk and extraordinary items are not included.
26
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
www.bb.com.brri@bb.com.br
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
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