Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Apresentacao_2T11_(ing)_final

340 views

Published on

  • Be the first to comment

  • Be the first to like this

Apresentacao_2T11_(ing)_final

  1. 1. Paraná BancoConference Call 2Q11
  2. 2. Conference Call 2Q11Disclaimer All financial information herein is presented on a consolidated basis, and includes the financial statements of the Bank, its subsidiaries, JMalucelli Seguradora, JMalucelli Seguros, JMalucelli Resseguradora, JMalucelli Agenciamento, JMalucelli Investimentos and Paraná Administradora de Consórcio. All information, except when otherwise indicated, is expressed in Brazilian currency (Reais) and was prepared based on the accounting practices pursuant to Brazilian Corporate Law, associated with the regulations and instructions issued by the National Monetary Council (CMN), the Brazilian Central Bank (BACEN), the Brazilian Securities and Exchange Commission (CVM), the National Council of Private Insurance (CNSP), the Brazilian Private Insurance Authority (SUSEP) and the Accounting Standards Committee (CPC), as applicable. The information contained in this material regarding future events is exposed to risks and uncertainties and subject to changes resulting from, but not limited to, market behavior, economic and political situation of Brazil and legislative and regulatory changes. The information herein is entirely based on the Bank Administration’s performance expectations and is no guarantee of future results. 2
  3. 3. Conference Call 2Q11Key Financial Numbers (consolidated) Net Income : R$ 300,0 million in 1H11 Total Deposits: Historical Record Adjusted Net Income R$ 66.3 Million R$ 1,475.8 million 25.7% x 2Q10 20.8% x 1H10 Profitability – 2Q11: Total Assets: Adjusted ROAE - 14.6% R$ 3,258.6 million 10.3% x 2Q10 Adjusted ROAA - 4.3% NIM – 11.6% Loan Portfolio: Fitch Rating R$ 1,753.1 million 22.5% x 2Q10 Upgraded rating from “A-(bra)” to Portfolio from AA e C - 95.9% of Parana “A(bra)” Banco consolidated Portfolio 3
  4. 4. Conference Call 2Q11Adjusted net income 450.000 16.3% 16.4% 16,0% 400.000 14.6% 14.3% 14.3% 14,0% 350.000 300,008 12,0% 300.000 266,467 10,0% 250.000 8,0% 200.000 6,0% 150.000 100.000 54,196 54,935 66,335 4,0% 50.000 31,836 30,838 33,541 32,543 33,792 2,0% - 0,0% 2Q10 1Q11 2Q11 1H10 1H11 Accounting net income Adjusted net income ROAE adjusted (R$ thousand) 2Q11 1Q11 2Q10 1H11 1H10 Accounting Net Income 266,467 33,541 31,836 300,008 54,196 Extraordinary Events (232,675) (998) (998) (233,673) 739 (-) Premium fiscal effects (998) (998) (998) (1,996) (1,996) (+) Allowance drag-along for losses - - - - 1,045 (+) Losses with Marketable securities (FIDC II) - - - - 1,690 (-) Change in equity (248,501) - - (248,501) - (+) Change in the accounting regime of comissions 6,867 - - 6,867 - (+) Adjustment on provisions 4,184 - - 4,184 - (+) Expense with financial advisor 5,773 - - 5,773 - Ajusted net income 33,792 32,543 30,838 66,335 54,935 4
  5. 5. Conference Call 2Q11 Financial Performance00 15,0% 400000 1 12.0% 11.8% 11.6% 12,6% 11,5%00 10,0% 300000 100 5,0%200000 5 251,54600 0,0%100000 0 189,479 121,992 129,554 98,905- -5,0% 0 -5 (48,881) (60,246) (72,428) (89,979) (132,674)00) -100000 -10,0% -1 2Q10 1Q11 2Q11 -200000 1H10 1H11 -100) -15,0% Interest Income Net Interest Margin (Before allowance for Doubtful Accounts) - NIM Interest Expenses 2Q11 x 2Q11 x 1H11 x R$ Thousand 2Q10 1Q11 2Q11 1H11 1H10 2Q10 1Q11 1H10 Net Income from Financial Operations 50,024 61,746 57,126 14,2% (7,5%) 118.872 99.500 19,5% 5
  6. 6. Conference Call 2Q11Performance Indicators Efficiency ratio - adjusted ROAA - adjusted ROAE - adjusted 49,4% 4,3% 4,2% 4,3% 16,3% 16,4% 47,1% 14,6% 45,2% 2Q10 1Q11 2Q11 2Q10 1Q11 2Q11 2Q10 1Q11 2Q11 Significant increase in the Consolidated Shareholder’s Equity 6
  7. 7. Conference Call 2Q11Credit Portfolio Quality Evolution of the Loan Portfolio - Consolidated (R$ million) 2.000,0 7,0% 1.800,0 1,753.1 1,625.9 6,0% 1,517.9 1,551.9 1.600,0 1,431.4 1.400,0 5,0% 4.0% 3.9% 1.200,0 4,0% 3.3% 3.2% 3.3% 1.000,0 2.4% 3,0% 800,0 2.4% 1.9% 1.9% 2.0% 600,0 2,0% 400,0 1,0% 200,0 52.1 36.5 26.2 18.7 7.3 - 0,0% 2Q10 3Q10 4Q10 1Q11 2Q11 Balance of assignments with co-obligation Loan Operations Allowance for doubtful accounts/Loan Portfolio LevelH/Loan Portfolio Parana Banco does not make use of loans assignment as an instrument of funding. 7
  8. 8. Conference Call 2Q11 Credit Portfolio Quality 2Q11 x 1H11 x R$ 2Q11 1Q11 1Q11 2Q10 2Q11 x 2Q10 1H11 1H10 1H10 Allowance for Doubtful Accounts (PDD) 57,423 52,141 10.1% 58,805 (2.4%) 57,423 58,805 (2.4%) Portfolio overdue (> 60 days) 70,413 64,072 9.9% 67,595 4.2% 70,413 67,595 4.2% Portfolio overdue (> 90 days) 55,964 51,338 9.0% 54,251 3.2% 55,964 54,251 3.2% Portfolio overdue (> 180 days) 33,428 29,721 12.5% 31,109 7.5% 33,428 31,109 7.5% (a) Total Portfolio* 1,760,335 1,644,618 7.0% 1,483,493 18.7% 1,760,335 1,483,493 18.7% Portfolio Coverage Index (PDD / > 60 days) 81.6% 81.4% 0.2 p.p. 87.0% -5.4 p.p. 81.6% 87.0% -5.4 p.p. Portfolio Coverage Index (PDD / > 90 days) 102.6% 101.6% 1.0 p.p. 108.4% (5.8 p.p.) 102.6% 108.4% (5.8 p.p.) Portfolio Coverage Index (PDD / > 180 days) 171.8% 175.4% (3.7 p.p.) 189.0% (17.2 p.p.) 171.8% 189.0% (17.2 p.p.) PDD / Total Portfolio 3.3% 3.2% 0.1 p.p. 4.0% (0.7 p.p.) 3.3% 4.0% (0.7 p.p.) (b) Written-off credits 8,751 8,110 7.9% 10,530 -16.9% 16,861 23,377 -27.9% Loss rate (b/a) 0.5% 0.5% 0.0 p.p. 0.7% (0.2 p.p.) 1.0% 1.6% (0.6 p.p.) * Includes the balance of the loan portfolio assigned with co-obligation. Individuals Companies Loans overdue > 90 days (%) Loans overdue > 90 days (%) 8.1 7.7 7.0 6.5 6.4 5.9 6.0 5.7 6.0 5.2 4.9 4.4 4.0 4.0 3.8 3.6 3.6 3.5 3.5 3.7 3.8 3.1 2.8 2.8 1.7 1.1 0.8 0.6 0.4 2.7 2.4 2.5 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 Financial system Financial system Paraná Banco - Payroll Deductible Loan Portfolio Paraná Banco - Middle Market PortfolioFonte: Brazilian Central Bank 8
  9. 9. Conference Call 2Q11Performance – Payroll – Deductible Loan Payroll-Deductible Loan Portfolio Payroll-Deductible Loan Origination (R$ million) (R$ million) ∆% QoQ 4.4% 340.4 325.1 302.1 291.9 277.9 1,335.1 1,424.9 1,487.6 1,223.6 1,303.5 2Q10 3Q10 4Q10 1Q11 2Q11 2Q10 3Q10 4Q10 1Q11 2Q11 Payroll-Deductible Loan Portfolio Quality of the Payroll-Deductible Loan Portfolio 4.96% 0.02% 1.9% 1.7% States Municipality 22.58% AA - C 45.04% INSS D-G Federal Entities H Others 27.38% 96.3% 9
  10. 10. Conference Call 2Q11 Distribution Channels – Payroll Deductible Loan 1 2 14 Own Stores 1 80 Exclusive Brokers 1 3 + 333 Brokers 1 1 1 % do GDP 1 4 1 GDP per State (2008) 4 5 5 8,5% 12,9% <R$ 200 bilion 3 24,6% R$ 100 bilion > < R$ 200 bilion 1 3 1 R$ 50 bilion > < R$ 100 bilion 1 54,1% < R$ 50 bilionSource: IBGE 10
  11. 11. Conference Call 2Q11Performance – Middle Market Sector Distribution - Middle Market 30,8% Industry Middle Market loan portfolio evolution - Commerce (R$ thousand) 15,0% Services +16.2% 54,1% Quality of the Middle Market Portfolio 212,134 224,366 1,6% 193,164 206,183 0,6% 175,693 AA - C D-G 2Q10 3Q10 4Q10 1Q11 2Q11 H 97,8% 11
  12. 12. Conference Call 2Q11Strategy – Middle Market Number of clients 165 1 31 18,8% 2 Units operating Midle Market Synergy with JMalucelli Seguradora 4 PLATAFORMAS DE MIDDLE MARKET 1 •CURITIBA/PR POTENTIAL: ONLY 3% OF SYNERGY •SÃO PAULO/SP EXPLORED •LONDRINA/PR •FLORIANÓPOLIS/SC POTENTIAL: AVERAGE DEBIT-TO- CREDIT RATIO OF 51.1% POTENTIAL: NEW PRODUCTS 12
  13. 13. Conference Call 2Q11 Funding Funding Sources Deposits distribution (R$ million) 1,476.5 Insttutional Investors 19,0% Related Parties 48,1% Individuals 212.3 13,7% 7.3 Other Companies 2008 2009 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 12,9% Financial Institutions 6,3% FIDCs Loans Assigment MTN DepositsMTN: Medium Term Notes Tranche Coupon Granting date Maturity Hedge (USD thousand) (p. a) 100,000 December/2009 December/2012 7.375% 100% 35,000 August/2008 August/2011 7.750% 100% + Interest 13
  14. 14. Conference Call 2Q11Capital Structure Equity Changes (R$ thousand) 1H11 1H10 Initial Balance 827,660 788,780 Net Income 300,008 54,196 Interest on Equity (14,992) (18,651) Dividends Treasury shares (433) (27,892) Adjustment to market value - Marketable securities (449) 101 Final Balance 1,091,514 796,534 Portfolio / Shareholder`s Equity Basel Index 1.80 1.86 1.88 1.90 1.61 39.5% 33.9% 33.2% 32.7% 32.8% 2Q10 3Q10 4Q10 1Q11 2Q11 2Q10 3Q10 4Q10 1Q11 2Q11 14
  15. 15. Conference Call 2Q11Ratings UPGRADED Long- and short-term national ratings upgraded to ’A(bra)’ from ’A-(bra)’, and to ’F1(bra)’ from ´F2(bra)´, respectively. “This upgrade reflects Fitch´s opinion that the bank has been successful in its strategy of seeking greater diversification of operations in a discreet manner, notably adding operating results.” (Fitch Rating) 15
  16. 16. Conference Call 2Q11Corporate Governance Acquired Average Total Cost Programs Status Shares Price (R$ million) 1 4,155,600 8.85 36,768 Ended on 07/07/2008 2 4,072,300 5.06 20,604 Ended on 03/17/2009 3 3,331,800 4.06 13,526 Ended on 04/01/2009 4 2,987,200 5.55 16,568 Ended on 05/27/2009 5 2,756,400 8.61 23,746 Ended on 10/13/2009 6 2,056,100 10.00 20,557 Ended on 05/20/2010 7 2,611,900 9.10 23,759 Ended on 08/12/2010 8 952,500 8.88 8,457 Ended on 12/17/2010 9 34,000 13 433 Ongoing Total 22,957,800 7.16 164,419 Interest on Own Capital (IOC) per share – 2Q11: R$ 0.10 Dividends per share - 2Q11: R$ 0.23 2Q11 Payout : 10.9% 16
  17. 17. InsuranceConference Call 2Q11
  18. 18. Conference Call 2Q11Insurance Group JM Seguradora Adjusted Net JM RE Adjusted Net Income: Income : R$ 6.0 Million in 2Q11 ROAE de 7.2% R$ 16.0 millions in 2Q11 Adjusted to investment in 2Q11 ROAE de 42.0% Share of Insurance Business: Market share : 53.2% of Net Income JM Seg: 33.6% (may/11) Adjusted in 2Q11 JM Re: 35.7% (may/11) Seguradora Combined Ratio : Fitch Rating JM Resseguradora upgraded 53.8% Down 11.3 p.p. x 1Q11 from“A-(bra)” to “A(bra)” 18
  19. 19. Conference Call 2Q11Parana Banco and Travelers Brazil LLC Partnership Control Group Others 54.6 % 45.4 % 56.6% 43.4% JMalucelli Participações em Seguros e Resseguros 100.0 % JMalucelli JMalucelli Seguradora JMalucelli Seguros Resseguradora Equity (2Q11) = 188.5 MM Equity (2Q11) = 575.5 MM Equity (2Q11) = 102.0 MM 19
  20. 20. Conference Call 2Q11P&C Market Total Insurance Market R$ 90,1 bi R$ 76,6 bi R$ 67,8 bi R$ 58,4 bi 41.8% 42.8% 47.6% R$ 41,1 bi 47.4% R$ 34,4 bi 57.0% 59.1% 57.2% 58.2% 52.6% 52.4% 40.9% 43.0% 2007 2008 2009 2010 2010 - Until 2011 -Until May May Life insurance P&C Insurance group Market evolution (R$ - milion) 2.2% 2.9% 3.1% 5.3% Auto 5.2% Property 416.8 466.4 460.1 Transport 301.1 Mortgage insurance 96.4 93.1 94.7 147.8 21.6% Financial risks 59.8% 2007 2008 2009 2010 Liability Other D&O Engineering risks 20
  21. 21. Conference Call 2Q11 Surety Bond Market Market share - direct premiums surety bond (R$ thousand) Market Share - reinsurance premiums 726,400 Financial risk category 694,787 0.6% J. MALUCELLI RESSEGURADORA 499,334 11.9% IRB BRASIL 346,089 RESSEGUROS 304,517 35.7% 263,570 MUNICH RE DO BRASIL 192,364 22.5% 167,452 RESSEGURADORA 32.6% 50.4% 43.0% 40.4% MAPFRE RE DO BRASIL 42.3% 28.8% 33.6% CIA DE RESSEGURO 37.0% 2005 2006 2007 2008 2009 2010 may/10 may/11 28.9% XL RESSEGUROS BRASIL JMalucelli Seguradora MarketSource: SUSEP 21
  22. 22. Conference Call 2Q11Financial Performance Adjusted Net Income(R$ Thousands) Adjusted Net Income(R$ Thousands) JMalucelli Seguradora JMalucelli Resseguradora ∆% YoY ∆% QoQ 28,2% 39,8% ∆% QoQ ∆% YoY 56,1% 22,1% 16,020 12,492 11,456 5,983 4,902 3,815 2Q10 1Q11 2Q11 2Q10 1Q11 2Q11 22
  23. 23. Conference Call 2Q11 Combined Ratio Monthly evolution of composite rate and expanded composite rate* *For the market, all insurance products included. For JMalucelli Seguradora guarantee insurance and DPVAT included. 94,0% 82,0% 65,0% 50,0% JM Seguradora Market Expanded JM Seguradora Expanded mercadoSource: SUSEP 23
  24. 24. Conference Call 2Q11 Operational Performance (Insurance) Insurance Claims (R$ thousand) 92.701 76.155 76.004 76.418 29.950 16.146 12.028 9.056 7.960 9.073 6.457 4.138 4.025 2.372 2005 2006 2007 2008 2009 2010 May-2011 Market JMalucelli Seguradora JM Seguradora counts on a team specializing in claims to mediate and regulate all claims received from clients. The principle consists in the legal defense of the parties involved, as well as in the full opportunity to discuss the controversies in question.Source: SUSEP 24
  25. 25. Conference Call 2Q11Investment Policy Portfolio of financial investments (R$ million) 53.4 1,040.2 75.5 594.7 49.4 17.1% Profitability of investments 5.52% 5.45% Others = R$ 131.1 DPGE = R$ 430.4 57,2% 267.3 CDB = R$ 33.3 2.80% 2.74% 25.7% Bonds Fixed Income Equities Multimarket Investment Total 2Q11 1H11 Funds CDI Investments JM Seguros Profitability: Financial income of R$ 16.8 million in 2Q11. 25
  26. 26. Conference Call 2Q11Investors relations Cristiano Malucelli Mauricio N. G. Fanganiello IR Officer IR Manager Phone: (55 41) 3351-9950 Phone: (55 41) 3351-9765 Marianne C. Baggio e-mail: ir@paranabanco.com.br IR Specialist IR Website: www.paranabanco.com.br/ri Phone: (55 41) 3351-9645 This material may include estimates and forward-looking statements. These estimates and forward-looking statements are mostly based on current expectations and projections of future events and financial trends which impact or may impact our business. Many important factors may have a negative impact on Banco Parana Banco’s results, such as those anticipated in our estimates and forward-looking statements. These factors include, but are not limited to, domestic and international economic conditions, fiscal, foreign exchange and monetary policies, increased competition in the consigned credit sector, Banco Parana Banco’s funding capacity to support its operations, and changes in Central Bank’s standards. The words “believe”, “can”, “may”, “aims”, “estimates”, “continues”, “anticipates”, “intends”, “expects” and other similar words are intended to identify estimates and projections. The considerations on estimates and forward-looking statements include information concerning results and projections, strategy, competitive position, sector circumstances, growth opportunities, future regulation and competition impacts. These estimates and projections refer only to the date that they were expressed, and no undertaking has been made to publicly update or revise them resulting from new information, future events or any other factors. Due to the risks and uncertainties set forth herein, the estimates and forward-looking statements in this material many not materialize. Considering these limitations, the shareholders and investors should not make any decisions based on the estimates, projections and forward-looking statements contained herein. 26

×