Apresentação dos
      Resultados do 3T07
          4Q07 Results
Presentation
      9 de novembro de 2007
         January...
The Bank's financial statements and consolidated financial statements
herein are presented on a pro forma basis, encompass...
Summary


   General Overview                                 4
   Operational Highlights                           5
   O...
General Overview


  Private multiple bank focused on payroll-deductible and the middle-market segment

  Focus in profita...
Operational Highlights




    Total Originations (R$ mm)             Number of Agreements



                            ...
Origination Evolution
(R$ X 1,000)



        400000

        350000

        300000

        250000

        200000

    ...
Surety Bond
  Market

                                 Annual Evolution – Surety Bond
                                Net ...
Surety Bond
               Market

                                                    Claim Volume and Claim Ratio Evolut...
Franchise: an innovative
sales channel


  Exclusivity and long-term agreements
  Low initial investment and low operating...
Alternative Channel x
  Comissions/Originations

                         Evolution of Alternative Distribution Channels *...
Total Assets and Equity
(R$ x 1,000)




            Total Assets                         Shareholders’ Equity



        ...
Period Result Composition
(R$ x 1,000)

                    4Q07
                     504




  21,212                    ...
Financial Highlights
   Summary

                                                       Variation                        V...
Credit Portfolio
(R$1,000)


  Total Credit Portfolio, including credit assignments to the FIDC’s, grew
up to R$ 1,172.1 m...
Financial Revenue and
     Loan Assignments


Income from Financial Operations (R$ x 1,000)
                              ...
Credit Portfolio
Quality


                      High quality and stability


                    2006                    ...
Loan Assignment




                                      Operation with Loan Assignment
                                 ...
Funding Structure
(R$ x 1,000)


                                                            844.061
                     ...
Operating Income
    (Expenses)


Operating Income (Expenses)
                                                      Variat...
J. Malucelli Seguradora –
Performance



       Premiums Written             Shareholders’ Equity




                    ...
Ratings




   Rating /Rating
           Classificação      Rating / Ranking
                             Índice / Classif...
Corporate Governance




    The Board of Directors of Paraná Banco authorized on 19 October
    2007, a stock buyback pro...
Share Price Evolution
(R$)

                                                                                              ...
IR Contact



Luis César Miara                                                                        André Nacli
CFO and ...
Upcoming SlideShare
Loading in …5
×

4Q07 Presentation

195 views
174 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
195
On SlideShare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

4Q07 Presentation

  1. 1. Apresentação dos Resultados do 3T07 4Q07 Results Presentation 9 de novembro de 2007 January 23, 2008 1H07 1
  2. 2. The Bank's financial statements and consolidated financial statements herein are presented on a pro forma basis, encompassing the financial statements of the Bank, its subsidiaries, the Credit Receivables Investment Funds (FIDC) and insurer J. Malucelli Seguradora. They were prepared based on the accounting practices pursuant to Brazilian Corporate Law, and associated with the regulations and instructions issued by the National Monetary Council (“CMN”), the Brazilian Central Bank (“BACEN”) and the Brazilian securities and exchange commission Comissão de Valores Mobiliários ("CVM") (“BR GAAP”). 2
  3. 3. Summary General Overview 4 Operational Highlights 5 Origination Evolution 6 Surety Bond Market 7 Franchise: an innovative sales channel 9 Alternative Channel x Comissions/Originations 10 Total Assets and Equity 11 Period Result Composition (R$ x 1,000) 12 Financial Highlights Summary 13 Credit Portfolio 14 Financial Revenue and Loan Assignments 15 Credit Portfolio Quality 16 Loan Assignment 17 Funding Structure (R$ x 1,000) 18 Operating Income and Expenses 19 J. Malucelli Seguradora – Performance 20 Ratings 21 Corporate Governance 22 Share Price Evolution 23 3
  4. 4. General Overview Private multiple bank focused on payroll-deductible and the middle-market segment Focus in profitability and a low-risk customer base (civil servants, private-sector employees and retirement beneficiaries, and pensioners under the INSS social security system) At the close of 2007, the Bank had 715 payroll-deduction loan agreements (state and private entities) Loan portfolio for middle-market operations totaled R$ 98.9 million on December 31, accounting for 8.2% of the total loan portfolio 4 sales channels: brokers, call center, franchises and regionals The Franchise Channel closed the year with 60 operational units spread through several important regions of the country, exceeding the initial annual target of 30 units Paraná Banco concluded the acquisition of 100% of J. Malucelli Seguradora, as outlined in the IPO Prospectus 4
  5. 5. Operational Highlights Total Originations (R$ mm) Number of Agreements 1,013.9 715 682.7 519 365.2 192.5 4Q06 4Q07 2006 2007 4Q06 4Q07 5
  6. 6. Origination Evolution (R$ X 1,000) 400000 350000 300000 250000 200000 150000 100000 50000 256% 0 2005 2006 2007 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 6
  7. 7. Surety Bond Market Annual Evolution – Surety Bond Net premiums written (R$ x 1,000) 315,775 (2000-2007) OTHER CAGR market =22% CAGR J. Malucelli = 33% ACE SEGURADORA S.A. 205,368 194,664 BERKLEY INTERNATIONAL DO BRASIL 164,550 167,642 SEGUROS S.A. 134,749 UBF GARANTIAS & SEGUROS S/A 98,639 77,946 AUREA SEGUROS S/A J. MALUCELLI SEGURADORA S/A 28% 24% 34% 30% 37% 42% 50% 27% 2000 2001 2002 2003 2004 2005 2006 2007 •Data until November 2007 Source: SUSEP 7
  8. 8. Surety Bond Market Claim Volume and Claim Ratio Evolution 80000 70000 60000 50000 R$ x 1,000 40000 30000 20000 50% 10000 40% 0 2000 2001 2002 2003 2004 2005 2006 2007 30% Claim Volume - Market Claim Volume J. Malucelli Seguradora 20% 10% 0% 2000 2001 2002 2003 2004 2005 2006 2007* •Data until November 2007 Source: SUSEP Claim Ratio - Market Claim Ratio - J. Malucelli Seguradora 8
  9. 9. Franchise: an innovative sales channel Exclusivity and long-term agreements Low initial investment and low operating costs Initial activities in march 2007 The target for 2008 remains at 210 units in operation The Franchise Channel closed the year with 60 operational units 9
  10. 10. Alternative Channel x Comissions/Originations Evolution of Alternative Distribution Channels * 28% 21% Begin of Franchise Operations 9% 10% % of Payroll Deductible 7% Loan 6% 5% Origination 3% 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 Comissions / Originations (% of Payroll Deductible Loans Origination) 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 8.1% 8.1% 7.2% 7.9% 7.6% 8.1% 9.2% 7.4% * Sales channels: brokers, call center, franchises and regionals 10
  11. 11. Total Assets and Equity (R$ x 1,000) Total Assets Shareholders’ Equity 1,881,567 776,572 920,877 197,775 4Q06 4Q07 4Q06 4Q07 11
  12. 12. Period Result Composition (R$ x 1,000) 4Q07 504 21,212 21,384 2007 Net Income Non-Recurring IPO Net Adjusted expenses Income 24.505 13,217 113.450 75,728 Net Income Non-Recurring IPO Deferred Comissions Period Result expenses Adjustment 12
  13. 13. Financial Highlights Summary Variation Variation 4Q06 4Q07 2006 2007 4Q06 x 4Q07 2006 x 2007 Net Adjusted Income 13,419 35,620 165.4% 52,120 75,728 45.3% IPO related expenses 504 13,217 Deferred Commission 24,505 Result Adjusted Net Income 13,419 36,124 169.2% 52,120 113,450 117.7% Annualized Return over average 26.2% 18.6% -7.6p.p 27.6% 18.2% -9.4p.p Equity (%) Annualized Intermediary margin of 22.9% 16.8% -6.1p.p. 23.1% 15.3% -7.9p.p. financial operations (%) 13
  14. 14. Credit Portfolio (R$1,000) Total Credit Portfolio, including credit assignments to the FIDC’s, grew up to R$ 1,172.1 million in the 4Q07. Loan Portfolio (R$ x 1,000) 1,172.1 1,080.5 623.2 19.6% 88.1% 4Q06 3Q07 4Q07 14
  15. 15. Financial Revenue and Loan Assignments Income from Financial Operations (R$ x 1,000) Variation Variation 4Q06 4Q07 2006 2007 4Q06 x 4Q07 2006 x 2007 Loans 52,888 79,974 51.2% 212,362 275,023 29.5% Loan Assigment Evolution (R$ x1,000) 4Q06 4Q07 % Variation 2006 2007 % Variation Loan Origination - Payroll Deductible Loans 178,763 235,953 32.0% 624,887 873,704 39.8% Loan Origination - Middle Market 13,771 129,278 838.8% 57,865 140,201 142.3% Loan Assignments (other institutions) - - - 184,250 20,079 -89.1% Loan Assignments (Credit Receivables 69,379 80,378 15.9% 152,428 353,731 132.1% Investment Funds ) Loan Portfolios Acquired - 33,400 - - 76,354 - % Credit Assignments (other institutions) 0.0% 0.0% - 27.0% 2.0% - 15
  16. 16. Credit Portfolio Quality High quality and stability 2006 2007 5.6% 4.2% AA-C D-H 94.4% 95.8% 16
  17. 17. Loan Assignment Operation with Loan Assignment Operation retained in Balance Sheet % Net Income over Financial Income % Net Income over Financial Income Reduction of 45% Results grow 45x 20.9% 19.9% 11.6% 0.4% 1st Month End of Contract 1st Month End of Contract 17
  18. 18. Funding Structure (R$ x 1,000) 844.061 844,061 56.922 56,922 578.859 578,859 102.471 102,471 787.139 787,139 476.388 476,388 4Q06 4T06 4Q07 4T07 Total Medium term notes Deposits Medium term Total notes 18
  19. 19. Operating Income (Expenses) Operating Income (Expenses) Variation Variation 4Q06 4Q07 2006 2007 4Q06 x 4Q07 2006 x 2007 Personnel expenses (3,920) (5,520) 40.8% (13,599) (18,305) 34.6% Other administrative (17,253) (25,099) 45.5% (76,688) (106,984) 39.5% expenses Other Expenses (8,842) (15,369) 73.8% (20,436) (32,703) -60.0% IPO expenses - (504) - (19,506) Commissions Expenses (8,411) (9,226) 9.7% (56,252) (54,775) -2.6% (Loan Origination) Other operating expenses (758) 10,522 - 5,561 17,785 219.8% 19
  20. 20. J. Malucelli Seguradora – Performance Premiums Written Shareholders’ Equity 210.3 65.5 58.6 110.7 88.7 24.8 4Q06 4Q07 2006 2007 4Q06 4Q07 20
  21. 21. Ratings Rating /Rating Classificação Rating / Ranking Índice / Classificação Rating / Ranking Rating / Classificação Rating Rating brBBB+ 11.39 brA- A- Low Credit Risk Low Risk - Medium Term Low Credit Risk Low Credit Risk June 2007 September 2007 October 2007 June 2007 21
  22. 22. Corporate Governance The Board of Directors of Paraná Banco authorized on 19 October 2007, a stock buyback program. The program provides for the purchase of up to 4,156,481 preferred shares until October 15, 2008. Paraná Banco hired Banco UBS Pactual to act as market maker for its preferred shares for a period of six months, automatically renewable, with the objective of increasing liquidity in the shares. 22
  23. 23. Share Price Evolution (R$) Paraná Banco 25000 15 Volume of Negociated shares (R$ x 1,000) 20000 13 Price per Share 15000 11 10000 9 5000 7 0 5 3-Jul 13-Jul 23-Jul 2-Aug 12-Aug22-Aug 1-Sep 11-Sep21-Sep 1-Oct 11-Oct 21-Oct 31-Oct10-Nov20-Nov30-Nov10-Dec20-Dec VOLUME Paraná Banco 23
  24. 24. IR Contact Luis César Miara André Nacli CFO and Investor Relations Officer IR Analyst Ph: (55 41) 3351-9961 Ph: (55 41) 3351-9645 Ricardo Rosanova Garcia Mauricio N. G. Fanganiello IR Manager IR Coordinator Ph: (55 41) 3351-9812 Ph: (55 41) 3351-9765 e-mail: ir@paranabanco.com.br IR Website: www.paranabanco.com.br/ir “This document may include estimates and forward-looking statements. These estimates and forward-looking statements are to a large extent based on current expectations and projections about future events and financial trends that affect or may come to affect our business. Many important factors may adversely affect the results of Paraná Banco as described in our estimates and forward-looking statements. These factors include, but are not limited to, the following: the Brazilian and international economic conjunctures, fiscal, foreign-exchange and monetary policies, higher competition in the payroll deductible loan segment, the ability of Paraná Banco obtain funding for its operations, and amendments to Central Bank regulations. The words “believe”, “may”, “could”, “seek”, “estimate”, “continued”, “anticipate”, “plan”, “expect” and other similar words have the objective of identifying estimates and projections. The considerations involving estimates and forward-looking statements include information related to results and projections, strategies, competitive positioning, the environment in the industry, growth opportunities, the effects of future regulations, and the impacts from competitors. Said estimates and projections refer only to the date on which they were expressed, and we do not assume any obligation to publicly update or revise any of these estimates arising from the occurrence of new information, future events, or any other factors. In view of the risks and uncertainties described above, the estimates and forward-looking statements contained herein may not materialize. Given these limitations, shareholders and investors should not make any decisions based on the estimates, projections and forward-looking statements contained in this report. 24

×