Presentation of 1 q06 results

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Presentation of 1 q06 results

  1. 1. Business Environment• Card base expansion in 2006 • Competition Diferentiation through independency CAGR 23% Cards (Millions) Feb• Growth in consumer credit • Caixa Project Personal Credit Finance Implementation according to schedule 85 75.6 R$ billions 75 65 55 49.4 45 D04 J05 N05 M06
  2. 2. Seasonality Gross Revenue 98 90 87 83 R$ Million 76 68 64 57 56 49 48 46 40 1Q06 4Q05 3Q05 2Q05 1Q05 4Q04 3Q04 2Q04 1Q04 4Q03 3Q03 2Q03 1Q03
  3. 3. 1Q06 Highlights Gross Revenue x EBITDA 90 68 R$ Million 18 8 1Q05 1Q06 Gross Revenue EBITDA Operating Profit x Net Profit 2.440 R$000 755 885 371 1Q05 1Q06 Operating Profit Net Profit
  4. 4. Gross Revenue Gross Revenue Breakdown 89,951 MarketSystem 7,668 10,369 67,716 Credit & Risk 7,547 R$000 35,883 TeleSystem 35,191 CardSystem 36,031 24,978 1Q05 1Q06
  5. 5. Production Costs Revenue x Cost 33% 90 70 68 55 28% Cost of services Var. % 1T05 1T06 Business Units Gross Sales Cost of services CardSystem -2,40% TeleSystem 22,30% R$ Million Credit&Risk 43,90% MarketSystem Total 28,00%
  6. 6. Gross Profit Gross Profit (R$ million) 52.6%15.010.0 13.6 5.0 8.9 0.0 Gross Profit 1Q06 1Q05 1Q06 Business Units CardSystem 16.9 TeleSystem (3.8) Credit&Risk (1.3) MarketSystem 1.8 Total 13.6Main factors• Increased share of CardSystem and MarketSystem business units;• Strong productivity gains in CardSystem;• Re-structuring in the service base of TeleSystem and Credit&Risk, causing negative result
  7. 7. Operating MarginGross Profit 16.2% Operating 13.9% Profit 2.9% 1.2% 05 06 05 06 05 06 05 06 -1.9% -3.2% -10.8% -10.1% Financial Operating Expenses Expenses
  8. 8. EBITDA EBITDA % 1 16.2 18.3 20 25.0% 15 20.0% R$ Million 21.9% 8.5 15.0% 10 13.3% 10.0% 5 5.0% - 0.0% 1Q05 1Q06 EBITDA EBITDA Margin
  9. 9. CSU Main Strategies for 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

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