Download - 3 q08 conference call presentation
3Q08 Earnings
1
Speak
Anis Chacur Neto
Sergio Lulia Jacob ‐ Exe
Alexandre Yoshiaki Sin
s PresentationOctober 30, 2008
kers:
o – Deputy CEO
ecutive VP & IR Officer
nzato – IR Manager
3Q08 Hi
Net Income of R$48.4 million in 3Q08, grow107.7% year over year. In 2008, Interest on Eqpayment to shareholders in 3Q08 of gross IOE o
The Efficiency Ratio was 35.8% in 3Q08, fromefficiency ratios presented by the bank market.
The Credit Portfolio, including guarantees, rea2Q08 and 61 8% year over year
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2Q08 and 61.8% year over year.
The Loan Portfolio (Resolution 2,682) grew by 9
Portfolio quality remained high, with 99.4% ofResolution 2,682), compared with 99.3% in 2Q0
The Return on Equity (ROAE) reached 16.9% in
ighlights
ing by 11.5% from R$43.4 million in 2Q08 and byuity began to be paid on a quarterly basis, with theof R$17.6 million.
35.1% in 2Q08 and 37.4% in 3Q07, one of the best
ched R$6,879.1 million, growing 5.9% in relation to
9.8% (3Q08 versus 2Q08).
f loan operations rated from AA to C (Central Bank08 and 99.3% in 3Q07.
3Q08 versus 10.1% in 3Q07 and 15.5% in 2Q08.
Ownership
Marsau Uruguay(ABC) 56.4%
3
p Structure
Free Float32.7%
Management 9.5%
Associates1.4%
Credit
CREDIT PORFOLIO ‐ including guarantees issued
4,250.6
6,498.76,879.1
CAGR = 61.8%
82.6%
14.2%3.2%
85.1%
11.9%3.0%
86 7%
11.7% 1.6%
4
3Q07 2Q08 3Q08
*excluding guarantees issued
CONSUMER MIDDLE MARKET
86.7%
Loans per Ticket (R$ mi) 3Q
0 ‐ 500 k
500 k ‐ 2 MM
2 MM ‐ 5 MM
5 MM ‐ 10 MM
> 10 MM
Total
Portfolio
LOANS
3,363.1
4,854.55,329.3
CAGR = 58.5%
78.2%
17.7%4.1%
80.4%
15.5%4.1%
83.7%
14.2%2.1%
3Q07 2Q08 3Q08
WHOLESALE + L. MIDDLE
Q08 2Q08 Chg.(%) 3Q07 Chg.(%)
265.7 241.2 10.2 90.2 NA
594.2 242.7 144.8 187.5 216.8
236.6 540.2 (56.2) 400.1 (40.9)
786.9 730.5 7.7 704.2 11.7
3,445.9 3,100.0 11.2 1,981.1 68.2
5,329.3 4,854.5 9.8 3,363.1 58.5
High‐quality C
*excluding guarantees issued
Credit Portfolio (*) (R$ mi)
Write Off (R$ mi)
% Port
Wholesale+L.Middle 4,165.8 1.1
Middle 942.7 1.4
Payroll 220.8 0.3
Total 5,329.3 2.8
Segments
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*excluding guarantees issued
Rating (R$ mi) * 3Q08 % Port
AA 916.3
A 2,393.7
B 1,729.4
C 255.3
D 8.7
E 3.4
F 10.8
G 2.1
H 9.6
Total 5,329.3
Credit Portfolio
tfolio PLL (R$ mi) % PortfolioPast Due
(> 91dias) (R$ mi)
% Portfolio
0.0 30.7 0.7 4.3 0.1
0.1 21.1 2.2 13.1 1.4
0.1 4.3 1.9 0.9 0.4
0.1 56.1 1.1 18.3 0.3
3Q08
D-H 0.6%
AA-C 99.4%
tfolio
17.2
44.9
32.5
4.8
0.2
0.1
0.2
0.0
0.2
100.0
Credit
WHOLESALE AN
CAGR = 54.1%
5,678.45,527.1
3,684.2
2,816.13,902.0 4,165.8
868.1
1,625.1 1,512.6R
6
*excluding BNDES operations
3Q07 2Q08 3Q08
Loans Guarantees issued
Wholesale + L. Middle 3Q07
Ticket 8.3
Duration * 396
Clients 446
Portfolio
ND LARGE MIDDLE
São Paulo ‐Capital38.7%
South12.9%
Rio de Janeiro12.6%
Minas Gerais +Northeast 2.6%
São Paulo ‐Countryside
33.3%
2Q08 3Q08
11.0 10.1
314 317
504 529
Credit
MIDDL
CAGR = 96.6%
498.5
773.8
979.9
479.1754.7
942.719.4
19.1
37.2
C
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* excluding BNDES operations
3Q07 2Q08 3Q08
Loans Guarantees issued
Middle Market 3Q07
Ticket 1.7
Duration * 166
Clients 297
Portfolio
E MARKET
São Paulo ‐Countryside
11.0%
São Paulo ‐C i l
Rio de Janeiro3.8%
South4.3%
Minas Gerais 9.2%
Capital71.7%
2Q08 3Q08
2.0 2.4
197 193
389 409
Credit
PAYROLL‐
CAGR = 225.2%
67 9
197.8
220.8
8
67.9
3Q07 2Q08 3Q08
Loans
Payroll‐Deductible 3Q07
Average Term 580
Agreements 24
Portfolio
‐DEDUCTIBLE
INSS20.6%
Others79.4%
2Q08 3Q08
751 752
4 37 39
Other A
TREASURY AND
Capital Market (R$ mi) 3Q08
Underwriting Fees and Structured Oper.
Number of trades
9
Treasury (R$ mi) 3Q08
Income
Average consolidated VaR
Activities
D CAPITAL MARKET
8 2Q08 Chg.(%) 3Q07 Chg.(%)
2.3 1.3 76.9 3.5 (34.3)
5 5 NA 5 NA
8 2Q08 Chg.(%) 3Q07 Chg.(%)
4.5 9.8 (54.5) (0.8) (656.9)
4.3 3.4 26.5 2.6 65.4
Fun
25.0% 22.1% 25
24.4% 20.2% 19
13.4% 11.3% 101.8% 2.4%
35.4% 44.0%
433,164.6
3,841.34,
International
Local
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Sep 2007 Dec 2007 Ma
Open Market Deposits and Funding (R$ mi) 3Q08 2Q08 Chg.(%
Until 3 months 1,088.4 788.3 38
3 to 12 months 1,160.9 1,343.3 (13
1 to 3 years 665.5 614.0 8
Above 3 years 20.8 36.5 (43
Total 2,935.6 2,782.1
Borrowing and on Lending Obligations 3Q08 2Q08 Chg.(%
Until 3 months 952.1 487.2 95
3 to 12 months 1,113.6 1,111.0 0
1 to 3 years 384.3 360.8 6
Above 3 years 73.6 78.3 (6
Total 2,523.7 2,037.3 2
nding
5.0% 28.3% 23.3%
9.0%22.4% 19.5%
0.5%10.3% 9.2%2.5%
2.7% 7.4%
3.0%
36.3% 40.6%
354.3
4,819.4
5,459.3
Corporate
Institutional
BNDES
Retail
ar 2008 Jun 2008 Sep 2008
) 3Q07 Chg.(%)
8.1 664.3 63.9
3.6) 570.1 103.6
8.4 485.8 37.0
3.0) 26.4 (21.0)
5.5 1,746.4 68.1
) 3Q07 Chg.(%)
5.4 341.9 178.5
0.2 621.6 79.1
6.5 370.9 3.6
6.0) 83.8 (12.2)
23.9 1,418.2 77.9
ProfiNET INCOM
Net In
terest
Income
Other Operating Expenses
Impact of IO
Services
Loan Operations
Treasury
88.8
(27.8)
105.4
4.5
12.1
11
05Income Statement (R$ mi)
Net Interest Income after PLL
Adjustment of exchange Gains/Losses effect on Offshore Inve
Taxes adjustment of exchange effect on Offshore InvestmentNet Interest Income
Banking services feesPersonnel Expenses/Other Administrative/Tax
Other operating income/expenses
Adjustment of exchange Gains/Losses effect on Offshore Inve
Non Operating IncomeEarnings before tax Income
Taxes
Taxes adjustment of exchange effect on Offshore Investment
Profit SharingNet Income
itabilityE – R$ MILLION
Income Tax and Social
Contribution
Profit Sharing
OE
NET INCOME
(13.9)
(22.2)
7.0
(15.2)48.4
3Q08
70.1
estments (a) 16.6
ts (b) 6.6
93.3
12.1
(30.7)
18.3
estments (a) (16.6)
1.2
77.6
(8.6)
ts (b) (6.6)
(13.9)
48.4
Profi
NET INCOME – R$ MILLION
CAGR =107.7%
CAGR =92.3%
129.8
12
3Q07 2Q08 3Q08 9M07 9M08
23.343.4
67.5
48.4
itability
ROAE – p.a.
3Q07 2Q08 3Q08 9M07 9M08
10.1%
15.5%15.4%
14.7%
16.9%
Ra
NIM
5.5%
6.6% 6.5%6.2%
6.4%
13
EFFICIENCY RATIO (%) – inc
3Q07 2Q08 3Q08 9M07 9M08
3Q07 2Q08
37.4%35.1%
atios
STOCKHOLDERS’ EQUITY (R$ mi) AND BASEL INDEX (%)
19,2%1,082.9
1,131.8
1,158.826.7%
16,1%19.2%
16.7%
cluding profit sharing
2Q083Q07 3Q08
3Q08
35.8%
Ra
LOC
Agency
Aaa*
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*Deposits in local currency
AA
Aaa
atings
CAL GLOBAL
09/15/2008
RatingsUpdate
a Br Baa2 09/15/2008
05/16/2008A‐ BB+
a.Br Baa2
Cont
Investor Sergio Lulia Jacob – Ex
Alexandre Sinza
Eduardo Randi
Web Site: www.a
15
Email: ri@abc
Tel.: +55 (11
tacts
Relationsxecutive VP & IR Officer
ato – IR Manager
ich – IR Analyst
bcbrasil.com.br/ir
cbrasil.com.br
1) 3170 2186
Discla
The following material, on this date, is a presentatiABC Brasil S.A. We offer no guarantee and make no dcompleteness or scope of this information.
This presentation may include forward‐looking stateregulations of the Brazilian and International securitibased on certain assumptions and analyses by theenvironment, future market conditions and expectedthe control of the Company. Important factors that mresults and the statements of expectations about futstrategy Brazilian and International economic condit
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strategy, Brazilian and International economic conditconditions, uncertainty regarding the results of its fuintentions, among others. Considering these facsignificantly different from those shown or implicit inor results.
The information and opinions contained in thisrecommendation to potential investors and no investevents or completeness of this information or thesrelated to them or their representatives should havethe use or contents of this presentation.
aimer
on containing general information about the Bancodeclaration, implicitly or explicitly, as to the accuracy,
ements of future events or results according to thees and exchange commissions. These statements areCompany that reflect its experience, the economicd events by the company, many of which are beyondmay lead to significant differences between the actualure events or results include the company’s businesstions technology financial strategy financial markettions, technology, financial strategy, financial marketuture operations, plans, objectives, expectations andctors, the actual results of the company may ben the statement of expectations about future events
s presentation should not be understood as atment decision is to be based on the veracity, currentse opinions. No advisors to the company or partiesany responsibility for any losses that may result from