Presentation of 2Q06 Results        August 16, 2006
BUSINESS ENVIRONMENTAugust 16, 2006• Card Base Expansion in 2006                                                          ...
SEASONALITYAugust 16, 2006                          Gross Revenue (R$ million)                                            ...
HIGHLIGHTSAugust 16, 2006    Gross Revenue x EBITDA (R$ million)                                               90         ...
GROSS REVENUEAugust 16, 2006                          Gross Revenue Breakdown (R$ million)                   83           ...
COST OF SERVICESAugust 16, 2006                   Revenue x Cost (R$ million)                                             ...
GROSS INCOME                                       Gross Income (R$ million)August 16, 2006                               ...
OPERATING MARGINAugust 16, 2006            Gross Margin             18.5%                    14.0%                        ...
EBITDAAugust 16, 2006          40                                                                           42.4%         ...
CSU MAIN STRATEGIES (2006)August 16, 2006• Expansion of CardSystem and MarketSystem units marketshare   • Implementation o...
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Transcript of "Presentation of 2 q06 results"

  1. 1. Presentation of 2Q06 Results August 16, 2006
  2. 2. BUSINESS ENVIRONMENTAugust 16, 2006• Card Base Expansion in 2006 • CAIXA Project 21% - Base Migration (Oct./06) CAGR Cards - Million - Implementation of the NOSSA CAIXA 358 Multi-purpose Card 308 244 • Growth in Consumer Credit Personal Credit Finance 177.1 185 158.1 165 2004 2005 2006 145 122.6 R$ billion Jun 125 98.5 105 98.1 85 • Market 65 • Losango Visa Card 45 • Credit Card Light Santander 2002 2003 2004 2005 2006* * Balance in December, except Jun. 2006 2 this presentation is subject to copyright and may not be copied or used without CSU’s express consent
  3. 3. SEASONALITYAugust 16, 2006 Gross Revenue (R$ million) 98 87 90 90 83 76 68 64 56 57 48 49 46 40 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q06 2003 2004 2005 3 this presentation is subject to copyright and may not be copied or used without CSU’s express consent
  4. 4. HIGHLIGHTSAugust 16, 2006 Gross Revenue x EBITDA (R$ million) 90 83 14.1 13.8* Operating Income x Net Income 2Q05 2Q06 6.2 Gross Revenue 3.7 0,6* EBITDA 0.3* 2Q05 2Q06 Operating Income (R$ million) Net Income (R$ million) * Excludig IPO expenses 4 this presentation is subject to copyright and may not be copied or used without CSU’s express consent
  5. 5. GROSS REVENUEAugust 16, 2006 Gross Revenue Breakdown (R$ million) 83 90 151 180 100% 13.5 8.7 16.4 10.2 21.1 20.5 80% 60% 43.0 42.5 78.4 78.2 40% 20% 26.6 28.8 51.6 64.8 0% 2Q05 2Q06 1H05 1H06 CardSystem teleSystem Credit & Risk MarketSystem 5 this presentation is subject to copyright and may not be copied or used without CSU’s express consent
  6. 6. COST OF SERVICESAugust 16, 2006 Revenue x Cost (R$ million) 8.5% 13.9% 90 Cost of Services Chg. % Business Units 83 72 13.7% CardSystem 63 teleSystem 7.6% Credit&Risk -16.6% MarketSystem Total 13.9% 2Q05 2Q06 Gross Revenue Cost of Services 6 this presentation is subject to copyright and may not be copied or used without CSU’s express consent
  7. 7. GROSS INCOME Gross Income (R$ million)August 16, 2006 8.9% 25.3 18.2% 23.2 14.3 11.7 2Q05 2Q06 1H05 1H06 Main Factors Gross Income 2Q06 • Restructuring in TeleSystem and Credit&Risk Business Units R$ million Services Rendered CardSystem 9.2 •Implementation of new services teleSystem 1.1 •Trend Margins Profitability Recoup at Credit&Risk (0.8) Telesystem and Credi&rRisk Units 2.2 MarketSystem Total 11.7 7 this presentation is subject to copyright and may not be copied or used without CSU’s express consent
  8. 8. OPERATING MARGINAugust 16, 2006 Gross Margin 18.5% 14.0% Adjusted Operating Margin 8.0% Net Financial Deferred 0.7% G&A Expenses Expenses Amortization -0.8% 0% -1.1% -1.4% -9.1% -11.5% 2Q05 2Q06 8 this presentation is subject to copyright and may not be copied or used without CSU’s express consent
  9. 9. EBITDAAugust 16, 2006 40 42.4% 23.0% 32.1* -2.0% 30 22.6 21.0% 14.1 13.8* 20 19.2%* 19.0% 16.0% 18.2% 10 16.5%* 17.0% 0 15.0% 2Q05 2Q06 1H05 1H06 EBITDA EBITDA Margin EBITDA Trend * Excluding IPO expenses 9 this presentation is subject to copyright and may not be copied or used without CSU’s express consent
  10. 10. CSU MAIN STRATEGIES (2006)August 16, 2006• Expansion of CardSystem and MarketSystem units marketshare • Implementation of Caixa Project • Capturing Clients from Competition • Focus on transforming private-label into branded cards• Boosting the Profits of TeleSystem and Credit&Risk Units •Various actions aiming at improving earnings in both units, laying the foundation for a period of more accentuated growth 10 this presentation is subject to copyright and may not be copied or used without CSU’s express consent
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