1 q09 conference call presentation

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1 q09 conference call presentation

  1. 1. 1Q09 Earnings Presentation1Q09 Earnings Presentation1Q09 Earnings Presentation1Q09 Earnings Presentation Participants: Anis Chacur Neto 1 Sergio Lulia Jacob - Executive VP & IR Officer Alexandre Yoshiaki Sinzato 1Q09 Earnings Presentation1Q09 Earnings Presentation1Q09 Earnings Presentation1Q09 Earnings Presentation May 14, 2009 Participants: Anis Chacur Neto – Deputy CEO Executive VP & IR Officer Alexandre Yoshiaki Sinzato – IR Superintendent
  2. 2. 1Q09 Highlights • The Net Income in 1Q09 totaled BRL 26.3 million, published net income of BRL 20.3 million. When (BRL 30.9 million) there was a variation of -15 Equity it was destined to shareholders in 1Q09 theEquity it was destined to shareholders in 1Q09 the • The Credit Portfolio, including guarantees issued, to 4Q08 (BRL 6,485.5 million). • The portfolio quality remained high, with 95.9 Bank Resolution 2,682). • The Time Deposits of Institutional Investors had Time Deposits of Corporate Clients increased 18 2 1Q09 Highlights million, an increase of BRL 29.4% in relation to 4Q08 When compared with the 4Q08 recurring net income 15.0%. In the quarterly distribution of Interest on the total gross value of BRL 17.5 million.the total gross value of BRL 17.5 million. issued, reached BRL 6,435.5 million, stable in relation 9% of credit operations rated from AA to C (Central had a growth of 48.7% in relation to 4Q08 while the 18.9% in relation to the last quarter.
  3. 3. Credit Portfolio CREDIT PORFOLIO - including guarantees issued CAGR = 11.4%CAGR = 11.4% 5,779.3 6,485.5 6,435.5 86.0% 11.2% 2.8% 84.2% 12.5% 3.3% 85.9% 11.4% 2.7% -0.8% 3 MIDDLE MARKETWHOLESALE + L. MIDDLE 1Q08 4Q08 1Q09 Credit Portfolio LOANS CAGR = 1.0%CAGR = 1.0% 4,351.6 4,708.1 4,395.7 82.0% 15.8% 2.2% 81.1% 16.6% 2.3% 81.7% 14.8% 3.5% -6.6% OTHERSMIDDLE MARKET BRL million 1Q08 4Q08 1Q09
  4. 4. Credit Portfolio Segments Credit Portfolio (BLR million)* Write Off (BLR million) Write Off / Credit Portfolio Wholesale+L.Middle 3,606.0 - Middle 692.5 5.2 Others 97.2 1.7 Total - 1Q09 4,395.7 6.9 *excluding guarantees issued Rating (BRL million) * 1Q09 % Portfolio AA 762.4 17.3 A 1,554.9 35.4 B 1,211.4 27.6 C 685.9 15.6 Total - 4Q08 4,708.1 2.0 4 *excluding guarantees issued D 87.8 2.0 E 40.9 0.9 F 14.5 0.3 G 4.8 0.1 H 33.1 0.8 Total 4,395.7 100.0 Credit Portfolio Quality Write Off / Credit PLL (BLR million) PLL / Credit Portfolio Past Due > 91dias (BRL million) Past Due > 91dias / Credit Portfolio 0.0% 82.8 2.3% 35.4 1.0% 0.7% 36.2 5.2% 15.4 2.2% 1.8% 4.4 4.5% 1.1 1.2% 0.2% 123.4 2.8% 51.9 1.2% Mar. 2009 D-H 4.1% % Portfolio 4Q08 % Portfolio 17.3 811.5 17.2 35.4 1,845.9 39.2 27.6 1,284.6 27.3 15.6 654.4 13.9 0.0% 105.2 2.2% 30.3 0.6% AA-C 95.9% 2.0 36.1 0.8 0.9 43.0 0.9 0.3 2.7 0.1 0.1 6.2 0.1 0.8 23.7 0.5 100.0 4,708.1 100.0
  5. 5. Credit Portfolio WHOLESALE AND CAGR = 11.4% 5,533.05,462.8 4,967.2 1,927.01,645.91,410.9 1Q08 1Q08 4Q08 1Q09 Loans Guarantees issued BRL million 3,606.03,816.9 1,410.9 3,556.3 1.3% 5 *excluding BNDES operations Wholesale + L. Middle 1Q08 Ticket 10.5 Duration * 340 Clients 475 Credit Portfolio WHOLESALE AND LARGE MIDDLE South 9.7% Rio de Janeiro 10.1% Minas Gerais + Northeast 1.9% 4Q08 1Q09 São Paulo - Countryside 26.2% São Paulo 52.2% 4Q08 1Q09 10.6 11.8 306 302 514 470
  6. 6. Credit Portfolio MIDDLE MARKET CAGR = 8.6% 718.0 660.9 31.5 16.8 812.4 25.5 Loans Guarantees issued 1Q08 4Q08 1Q09 BRL million 692.5 780.9 644.1 -11.6% 6 * excluding BNDES operations Middle Market 1Q08 Ticket 2.1 Duration * 185 Clients 317 Credit Portfolio MIDDLE MARKET Rio de Janeiro South 13.3% Minas Gerais 7.0% São Paulo 67.1% São Paulo - Countryside 7.8% Rio de Janeiro 4.9% 4Q08 1Q09 2.0 1.9 202 209 398 388
  7. 7. Collaterals 1Q09 36.4% 19.6%Wholesale Large Middle Receivables Pledge 59.0% 15.7% Receivables Vehicles Middle Market 7 Clean Collaterals Large Middle 66% 34% % of Portfolio Collaterals 1Q09 – Credit Portfolio 19.6% 18.6% 12.8% 12.6% Pledge Real Estate Machinery and Equipment Others 7.2% 7.2% 6.8% 4.1% Real Estate Pledge OthersMachinery and Equipment Middle Middle mkt Total 18% 82% 61% 39%
  8. 8. Other Activities TREASURY AND CAPITAL MARKET Capital Market (BRL million) Underwriting Fees and Structured Oper. Number of trades Income Average consolidated VaR Treasury (BRL million) 8 Other Activities TREASURY AND CAPITAL MARKET 1Q09 4Q08 1Q08 0.8 - 3 - 1Q09 4Q08 1Q08 2.8 13.5 6.3 2.7 0.3 2 0.2 2.1
  9. 9. Funding International 4,354.3 43.0% International Local Mar 2008 Dec2008 2.5% 0.1% 10.5% 18.9% 25.0% 9 Funding 5,690.9 47.5% 5,076.1 38.9% Corporate Institutional BNDES Retail Interbank Dec2008 Mar 2009 5.8% 9.6% 12.2% 8.5% 16.4% 6.3% 11.2% 7.5% 14.2% 21.9% BRL million
  10. 10. Managerial Income Statement Managerial Income Statement (BRL million) Net Interest Income before PLL (+)Effect of Exchange Variation - Cayman Branch - A (+)Tax Effect of Exchange Variation - Cayman Branch + Sovereign Bonds - (-)Payroll Credit Assignment - C (comissions) Managerial Net Interest Income before PLL Credit Operations Payroll Credit Assignment TreasuryTreasury PLL PLL 2,682 Additional Managerial Net Interest Income after PLL Banking Fees Personnel Expenses/Other Administrative/Tax Personnel Expenses/Other Administrative/Tax (+)Payroll Credit Assignment - C Other operating income/expenses Other operating income/expenses (+)Effect of Exchange Variation - Cayman Branch - A Non-Operating Income 10 *Including the effect of the additional provisions for loan losses net of taxes in the 4Q08 of BRL 10.6 million. Non-Operating Income Income before Tax and Profit Sharing Income Tax and Social Contribution (+)Tax Effect of Exchange Variation - Cayman Branch + Sovereign Bonds - Profit Sharing Effect of the additional PLL Recurring Net Income* Net Income Managerial Income Statement 1Q09 4Q08 Chg.(%) 1Q08 Chg.(%) 88.7 79.4 11.7 87.8 1.0 (1.0) 21.7 (104.6) (1.0) - (+)Tax Effect of Exchange Variation - Cayman Branch + Sovereign Bonds - B 1.2 13.8 (91.3) - - - (11.9) - - - 88.9 103.0 (13.7) 86.8 2.4 88.7 95.5 (7.1) 73.3 21.0 - 4.7 - - - 0.2 2.8 (92.9) 13.5 (98.5)0.2 2.8 (92.9) 13.5 (98.5) (25.2) (54.1) (53.4) (7.9) 219.4 (24.7) (36.5) (32.3) (7.9) 212.7 (0.5) (17.6) (97.2) - - 63.7 48.9 30.2 78.9 (19.3) 10.3 11.2 (8.0) 9.0 14.4 (33.5) (35.9) (6.7) (24.6) 36.2 (33.5) (47.8) 58.3 (25.4) 88.2 - 11.9 - - - 0.1 1.4 (92.9) 0.8 (87.5) (0.9) 23.1 26.2 (8.1) (385.2) 1.0 (21.7) 30.7 3.2 (778.1) (1.7) - - - - *Including the effect of the additional provisions for loan losses net of taxes in the 4Q08 of BRL 10.6 million. (1.7) - - - - 38.9 25.6 51.8 64.1 (39.4) (3.9) 13.3 (129.3) (11.7) (66.7) (+)Tax Effect of Exchange Variation - Cayman Branch + Sovereign Bonds - B (1.2) (13.8) (91.3) - - (7.5) (4.8) 56.3 (14.4) (47.9) - 10.6 - - - 26.3 30.9 (15.0) 38.0 (30.9) 26.3 20.3 29.4 38.0 (30.9)
  11. 11. Net Interest Income NII (BRL million) Credit Operations Payroll Cession Treasury Managerial Net Interest Income before PLL Banking Services Fees Managerial Net Interest Income before PLL PLL PLL 2,682 Additional Managerial Net Interest Income after PLL 11 Banking Fees (BRL million) 1Q09 Guarantees issued 7.4 Underwriting Fees and Structured Operations 0.3 Banking Fees 2.6 Banking Fees - Total 10.3 Net Interest Income 1Q09 4Q08 Chg.(%) 1Q08 Chg.(%) 88.7 95.5 (7.1) 73.3 21.0 - 4.7 - - - 0.2 2.8 - 13.5 (98.5) 88.9 103.0 (13.7) 86.8 2.4 Banking Services Fees 88.9 103.0 (13.7) 86.8 2.4 (25.2) (54.1) (53.4) (7.9) 219.4 (24.7) (36.5) (32.3) (7.9) 212.7 (0.5) (17.6) (97.2) - - 63.7 48.9 30.2 78.9 (19.3) 1Q09 4Q08 Chg.(%) 1Q08 Chg.(%) 7.4 6.6 12.1 4.4 68.2 0.3 0.8 - - - 2.6 3.8 (31.6) 4.6 (43.5) 10.3 11.2 (8.0) 9.0 14.4
  12. 12. Personnel, Administrative and Profit-Sharing Expenses Expenses (BRL million) Personnel Other administrative expenses Personnel + Other Adm. Profit Sharing Taxes Total Associates Front-Office 12 Back-Office Total Personnel, Administrative and Sharing Expenses 1Q09 4Q08 Chg.(%) 1Q08 Chg.(%) (20.6) (20.7) (0.5) (14.1) 46.1 (12.3) (14.5) (15.2) (9.7) 26.8 (32.9) (35.2) (6.5) (23.8) 38.2 (7.5) (4.8) 56.3 (14.4) (47.9) (0.6) (0.7) (14.3) (0.8) (25.0) (41.0) (40.7) 0.7 (39.0) 5.1 1Q09 4Q08 Chg.(%) 1Q08 Chg.(%) 162 171 (5.3) 154 5.2 316 310 1.9 287 10.1 478 481 (0.6) 441 8.4
  13. 13. Profitability RECURRING NET INCOME* – BRL MILLION 30.9 38.0 RECURRING ROAE* – p.a. 1Q08 4Q08 1Q09 26.3 13.9% 13 1Q08 4Q08 1Q09 13.9% 10.6% 9.0% *Including the effect of the additional provisions for loan losses net of taxes in the 4Q08 of BRL 10.6 million. Profitability PUBLISHED NET INCOME – BRL MILLION 26.3 38.0 1Q08 4Q08 1Q09 20.3 26.3 PUBLISHED ROAE – p.a. 1Q08 4Q08 1Q09 13.9% 7.0% 9.0%
  14. 14. Ratios STOCKHOLDERS’ EQUITY (BRL million) AND BASEL INDEX (%) 1,107.0 1,161.9 18.0% 20.7% NIM EFFICIENCY RATIO (%) 1Q08 4Q08 18.0% 14 1Q08 4Q08 1Q09 6.4% 5.9% 5.2% Ratios STOCKHOLDERS’ EQUITY (BRL million) AND BASEL INDEX (%) 1,161.9 1,175.3 18.0% 18.1% EFFICIENCY RATIO (%) – including profit sharing 4Q08 1Q09 18.0% 18.1% 39.4% 1Q08 4Q08 1Q09 32.7% 38.5% 39.4%
  15. 15. Guidance 2009 Credit Portfolio* Wholesale + L. Middle Middle Market Personnel and Administrative expenses** 15 *including guarantees issued **excluding profit sharing and payroll deductible comissions Guidance 2009 % Growth 2% - 12% 0% - 10% 30% - 40% 8% - 12% **excluding profit sharing and payroll deductible comissions
  16. 16. Contacts Investor Relations Sergio Lulia Jacob – Executive VP & IR Officer Alexandre Sinzato –Alexandre Sinzato – Web Site: www.abcbrasil.com.br/ir Email: ri@abcbrasil.com.br Tel.: +55 (11) 3170 2186 16 Contacts Investor Relations Executive VP & IR Officer – IR Superintendent– IR Superintendent Web Site: www.abcbrasil.com.br/ir Email: ri@abcbrasil.com.br Tel.: +55 (11) 3170 2186
  17. 17. Disclaimer The following material, on this date, is a presentation ABC Brasil S.A. We offer no guarantee and make no declaration, completeness or scope of this information. This presentation may include forward-looking statements regulations of the Brazilian and International securitiesregulations of the Brazilian and International securities based on certain assumptions and analyses by the environment, future market conditions and expected the control of the Company. Important factors that may results and the statements of expectations about future strategy, Brazilian and International economic conditions, conditions, uncertainty regarding the results of its future intentions, among others. Considering these factors, significantly different from those shown or implicit in or results. The information and opinions contained in this 17 The information and opinions contained in this recommendation to potential investors and no investment events or completeness of this information or these related to them or their representatives should have the use or contents of this presentation. Disclaimer presentation containing general information about the Banco declaration, implicitly or explicitly, as to the accuracy, statements of future events or results according to the securities and exchange commissions. These statements aresecurities and exchange commissions. These statements are Company that reflect its experience, the economic expected events by the company, many of which are beyond may lead to significant differences between the actual future events or results include the company’s business conditions, technology, financial strategy, financial market future operations, plans, objectives, expectations and factors, the actual results of the company may be in the statement of expectations about future events this presentation should not be understood as athis presentation should not be understood as a investment decision is to be based on the veracity, current these opinions. No advisors to the company or parties any responsibility for any losses that may result from

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