Banco ABC - 3rd Quarter 2009 Earnings Presentation
Upcoming SlideShare
Loading in...5
×
 

Banco ABC - 3rd Quarter 2009 Earnings Presentation

on

  • 811 views

3rd Quarter 2009 Earnings Presentation

3rd Quarter 2009 Earnings Presentation

Statistics

Views

Total Views
811
Views on SlideShare
810
Embed Views
1

Actions

Likes
0
Downloads
0
Comments
0

1 Embed 1

http://www.onlydoo.com 1

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Banco ABC - 3rd Quarter 2009 Earnings Presentation Banco ABC - 3rd Quarter 2009 Earnings Presentation Presentation Transcript

  • 3Q09 Earnings Release Anis Chacur Neto Deputy CEO Sérgio Lulia Jacob Director Vice-President & IRO Alexandre Sinzato, CFA IR Superintendent 1
  • Disclaimer The following material, on this date, is a presentation containing general information about the Banco ABC Brasil S.A. We offer no guarantee and make no declaration, implicitly or explicitly, as to the accuracy, completeness or scope of this information. This presentation may include forward-looking statements of future events or results according to the regulations of the Brazilian and International securities and exchange commissions. These statements are based on certain assumptions and analyses by the Company that reflect its experience, the economic environment, future market conditions and expected events by the company, many of which are beyond the control of the Company. Important factors that may lead to significant differences between the actual results and the statements of expectations about future events or results include the company’s business strategy, Brazilian and International economic conditions, technology, financial strategy, financial market conditions, uncertainty regarding the results of its future operations, plans, objectives, expectations and intentions, among others. Considering these factors, the actual results of the company may be significantly different from those shown or implicit in the statement of expectations about future events or results. The information and opinions contained in this presentation should not be understood as a recommendation to potential investors and no investment decision is to be based on the veracity, current events or completeness of this information or these opinions. No advisors to the company or parties related to them or their representatives should have any responsibility for any losses that may result from the use or contents of this presentation. 2
  • Highlights The Credit Portfolio* reached BRL 7,422.2 million, an increase of 12.5% over 2Q09 (BRL 6,598.1 million). Credit Portfolio quality improved during the quarter. The NPL ratio over 90 days fell to 0.6% of the loan book, a change of -30bps compared to 2Q09. In 3Q09, the total of clients increased by 9.4% compared to the previous quarter (1,096 clients in 3Q09 versus 1,002 clients in 2Q09). Net Income in 3Q09 totaled BRL 38.1 million, an increase of 7.7% compared to 2Q09 net income of BRL 35.4 million. The total gross value of BRL 16.4 million was paid to shareholders as Interest on Equity referring to 3Q09. The Return On Average Equity (ROAE) reached 13.0% p.a. in 3Q09 compared to 12.0% p.a. in 2Q09. * including guarantees issued. 3
  • Credit Portfolio CREDIT PORTFOLIO (BRL million) Including guarantees issued 6,879.1 6,485.5 6,435.5 6,598.1 7,422.2 12.5% SHAREHOLDERS’ EQUITY (BRL million) AND BASEL INDEX 1,159.5 1,182.2 1,131.7 1,130.5 1,141.5 82.5% 84.2% 86.0% 84.3% 84.9% 18.0% 18.1% 17.9% 14.2% 12.5% 11.2% 13.3% 13.3% 16.7% 15.4% 3Q08 4Q08 1Q09 2Q09 3Q09 LOANS (BRL million) 5,329.2 4,708.1 4,395.7 4,438.1 4,863.4 9.6% 3Q08 4Q08 1Q09 2Q09 3Q09 78.2% 81.1% 82.0% 79.0% 79.3% 17.7% 16.6% 15.8% 19.1% 19.2% Wholesale + Large Middle Middle Market Other 3Q08 4Q08 1Q09 2Q09 3Q09 4
  • Credit Portfolio Quality 1 2 3 4 5 6 7 Past Due > Past Due > Loan Portfolio Write Off Write Off / LLP LLP / Segments 90 days 90 days / (BRL million)* (BRL million) Loan Portfolio (BRL million) Loan Portfolio (BRL million) Loan Portfolio Wholesale+L.Middle 3,858.6 (5.7) -0.1% 83.5 2.2% 20.3 0.5% Middle Market 932.5 (6.5) -0.7% 40.9 4.4% 9.7 1.0% Other 72.3 (1.4) -1.9% 4.0 5.5% 1.5 2.1% Total - 3Q09 4,863.4 (13.6) -0.3% 128.4 2.6% 31.5 0.6% Total - 2Q09 4,438.1 7.7 0.2% 132.4 3.0% 42.1 0.9% Total - 1Q09 4,395.7 6.9 0.2% 123.4 2.8% 51.9 1.2% Total - 4Q08 4,708.1 2.0 0.0% 105.2 2.2% 30.3 0.6% Total - 3Q08 5,329.2 2.8 0.1% 56.2 1.1% 18.3 0.3% Loan Portfolio Rating (BRL million) 3Q09 % 2Q09 % 3Q08 % Sep 09 Portfolio Portfolio Portfolio AA 595.1 12.2 640.7 14.4 916.3 17.2 D- H; 5.0% A 1,650.9 33.9 1,368.0 30.8 2,393.7 44.9 B 1,786.2 36.7 1,580.6 35.6 1,729.4 32.5 C 586.9 12.1 576.9 13.0 255.3 4.8 D 155.3 3.2 187.4 4.2 8.7 0.2 E 34.2 0.7 21.7 0.5 3.4 0.1 F 19.2 0.4 34.5 0.8 10.8 0.2 G 1.8 0.0 3.5 0.1 2.1 0.0 H 33.8 0.7 24.8 0.6 9.6 0.2 AA-C; 95.0% Total 4,863.4 100.0 4,438.2 100.0 5,329.3 100.0 5
  • Wholesale & Large Middle 5,678.4 5,462.8 5,533.0 5,563.1 6,305.0 (BRL million) 13.3% 1,512.6 2,446.4 1,645.9 1,927.0 2,056.4 Guarantees Issued Loans 4,165.8 3,816.9 3,858.6 3,606.0 3,506.7 3Q08 4Q08 1Q09 2Q09 3Q09 12.1% 8.0% São Paulo - Wholesale + L. Middle 3Q08 2Q09 3Q09 São Paulo Countryside - Average Ticket (BRL million) 10.7 10.9 11.5 48.6% Rio de Janeiro Duration (days) 340 316 322 Groups 529 509 549 South 31.2% 6
  • Middle Market 979.9 812.4 718.0 877.0 984.4 (BRL million) 12.3% 37.2 51.9 29.1 31.4 25.5 Guarantees issued 942.7 780.9 692.5 847.9 932.5 Loans 3Q08 4Q08 1Q09 2Q09 3Q09 7.9% 20.5% São Paulo Middle Market 3Q08 2Q09 3Q09 Average Ticket (BRL million) 2.4 1.8 1.8 São Paulo - Countryside Duration (days) 193 206 241 Rio de Janeiro Groups 409 493 547 5.5% South 9.3% Minas Gerais 56.8% 7
  • Other Activities TREASURY AND CAPITAL MARKETS Treasury (BRL million) 3Q09 2Q09 3Q08 Revenues 7.8 8.9 4.5 Consolidated Average VaR 4.9 4.1 4.3 Capital Markets (BRL million) 3Q09 2Q09 3Q08 Underwriting Fees and Structured Operations - 0.5 2.3 Number of deals 1 2 5 8
  • Funding 22% (BRL million) 5,690.9 5,532.1 5,459.3 5,076.1 4,999.4 International 24% 41% 47% 39% 32% 8% Retail 9% 19% 7% 6% BNDES 6% 9% 14% 11% 10% 14% 3% Financial Institutions 8% 12% 18% 12% 14% 15% 13% Institutional 9% 22% 22% 20% 20% 16% Corporate Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 9
  • Managerial Income Statement Sept 09 Sept 08 Managerial Income Statement (R$ MM) 3Q09 2Q09 Chg.(%) 3Q08 Chg.(%) Chg.(%) YTD YTD Net Interest Margin before Loan-Loss Provisions (LLP) 104.6 118.5 81.4 311.8 272.5 Exchange Gain/Losses effect - Cayman - A (7.3) (16.1) 16.6 (24.4) 8.6 Fiscal benefit from exchange effect - Cayman + Gov. Sec. - Abroad - B (3.4) (8.0) 6.6 (10.2) 6.6 Net Interest Margin before LLP 93.8 94.5 (0.8) 104.5 (10.3) 277.2 287.6 (3.6) Credit Operations 86.0 85.7 0.3 100.1 (14.1) 260.4 261.4 (0.4) Treasury 7.8 8.9 4.5 16.9 26.2 LLP (8.6) (14.9) (42.2) (11.3) (24.0) (49.0) (25.7) 90.6 LLP (Brazilian Central Bank resolution nº 2,682) (17.0) (10.3) (11.3) 50.4 (52.4) (25.7) 103.7 Additional LLP 8.4 (4.5) - - 3.4 - - Net Interest Income after LLP 85.2 79.7 7.0 93.2 (8.6) 228.2 261.9 (12.9) Banking services fees 16.1 13.4 19.9 12.1 33.5 39.9 32.0 24.7 Personnel Expenses/Other Administrative/Tax (34.2) (31.2) 9.5 (30.7) 11.3 (98.9) (82.9) 19.2 Other operating income/expenses (4.7) (6.3) (24.4) (4.9) (2.2) (14.4) (13.6) 5.9 Other operating income/expenses (12.1) (22.3) 11.7 (38.8) (5.1) Exchange Gain/Losses effect - Cayman - A 7.3 16.1 (16.6) 24.4 (8.6) Non Operating Income (0.2) (1.0) 1.2 (3.0) 1.2 Earnings before Income tax 62.2 54.6 13.9 71.0 (12.4) 151.7 198.5 (23.5) Taxes (15.7) (17.9) (6.0) (36.0) (29.6) Fiscal benefit from exchange effect - Cayman + Gov. Sec. - Abroad - B 3.4 8.0 (6.6) 10.2 (6.6) Profit Sharing (11.8) (9.2) 27.8 (14.0) (15.4) (28.6) (40.3) (29.2) Net Income 38.1 35.4 7.7 44.4 (14.2) 97.5 121.9 (20.1) 10
  • Revenues MANAGERIAL NET INTEREST INCOME NIM (p.a.) 6.4% 5.9% NII (BRL million) 3Q09 2Q09 Chg.(%) 3Q08 Chg.(%) 5.9% 5.6% 5.2% Credit Operations 86.0 85.7 0.3 100.1 (14.1) Treasury* 7.8 8.9 (11.4) 4.5 76.1 Net Interest Income before Loan-Loss Provisions (LLP) 93.8 94.5 (0.8) 104.5 (10.3) LLP (8.6) (14.9) (42.2) (11.3) (24.0) LLP (Brazilian Central Bank resolution nº 2,682) (17.0) (10.3) 64.5 (11.3) 50.4 Additional LLP 8.4 (4.5) (285.5) - - Net Interest Income 85.2 79.7 7.0 93.2 (8.6) 3Q08 4Q08 1Q09 2Q09 3Q09 * Treasury result with managerial adjustments INCOME FROM SERVICES RENDERED Sept 09 Sept 08 Income from services rendered (BRL million) 3Q09 2Q09 Chg.(%) 3Q08 Chg.(%) Chg.(%) YTD YTD Guarantees issued 12.4 9.9 25.0 5.7 116.8 29.6 15.4 92.5 Underwriting Fees and Structured Operations - 0.2 2.3 0.5 3.6 Banking Fees 3.7 3.3 11.8 4.1 (8.3) 9.7 13.0 (25.4) Fee Income - Total 16.1 13.4 19.9 12.1 33.5 39.9 32.0 24.7 11
  • Expenses PERSONNEL, ADMINISTRATIVE AND PROFIT-SHARING EXPENSES Sept 09 Sept 08 Expenses (BRL million) 3Q09 2Q09 Chg.(%) 3Q08 Chg.(%) Chg.(%) YTD YTD Personnel (19.5) (17.5) 11.7 (17.6) 11.0 (57.7) (47.8) 20.6 Other administrative expenses (14.1) (13.2) 6.7 (12.3) 14.3 (39.6) (32.9) 20.4 Profit Sharing (11.8) (9.2) 27.8 (14.0) (15.4) (28.6) (40.3) (29.2) Taxes (0.6) (0.5) 6.6 (0.8) (26.9) (1.7) (2.3) (26.8) Total (46.0) (40.4) 13.7 (44.7) 3.0 (127.4) (123.3) 3.4 EFFICIENCY RATIO (including profit sharing) 40.9% 41.9% 37.8% 35.0% 37.8% 3Q08 4Q08 1Q09 2Q09 3Q09 12
  • Profitability NET INCOME ROAE BRL million (p.a.) 44.4 15.6% 38.1 35.4 13.0% 12.0% 24.0 8.3% 15.9 5.5% 3Q08 4Q08 1Q09 2Q09 3Q09 3Q08 4Q08 1Q09 2Q09 3Q09 10.4 3.7% 2.7 0.9% 3Q08 4Q08 1Q09 2Q09 3Q09 3Q08 4Q08 1Q09 2Q09 3Q09 -1,7% -5.0 Additional Provision expense net of taxes (above the minimum required by Brazilian Central Bank resolution nº 2,682) 13
  • Contatcs Investor Relations Sérgio Lulia Jacob Director Vice-President & IRO Alexandre Sinzato, CFA IR Superintendent Web Site: www.abcbrasil.com.br/ir Email: ri@abcbrasil.com.br Phone: +55 (11) 3170-2186 14