The document provides an overview of Paraná Banco's financial performance in the fourth quarter and full year of 2009. It summarizes that net income increased 81.4% in 4Q09 and 24.0% for the full year, driven by recovery in credit operations and a reduction in expenses. The insurance business contributed over half of 4Q09 net income and 43.0% for the full year. Total assets grew 6.1% in 4Q09 and 21.8% for the year. Loan volumes and deposits increased compared to prior periods. Asset quality remained strong, with over 90% of loans rated AA to C.
U ti investorday2011-freightforwardingFrankie Coki
This document summarizes UTi Worldwide's 2011 Investor Day presentation on their freight forwarding business. The presentation covered:
1) An overview of UTi's freight forwarding revenue and net revenue growth from FY2009 to FY2011, as well as operating income and margin over the same period.
2) UTi's competitive position in the global airfreight and ocean freight forwarding markets compared to other major companies.
3) An outlook projecting modest growth of 4-5% annually for air freight and 6-8% for ocean freight from 2011 to 2013, though risks from economic, fuel and geopolitical factors remain.
Capital Markets Day 2011 Delivering Shareholder ValueGrigory Kuznetsov
Boris Podolsky, CFO of CTC Media, presented on delivering shareholder value at the 2011 Capital Markets Day. CTC Media has achieved exceptional profitability with OIBDA margins above 35% through a stable cost structure and investing in programming. The company generates strong cash flow, converts over 70% of OIBDA to cash, and intends to increase dividends while also returning cash through acquisitions. Management incentives are aligned with shareholders through an emphasis on long-term equity incentives tied to performance. For full-year 2011, CTC Media expects around 20% revenue growth and an OIBDA margin of 34-36%.
This document provides a financial analysis and projected profitability statement for a company from 2008-2012. It projects revenue, expenses, margins, and cash flows. The key points are:
- Revenues are projected to grow from $0.14M in 2008 to $9.43M in 2012 across various product lines.
- Gross margins are projected to remain high between 85-91% while operating margins increase from 20% to 32% over the period.
- The company is projected to have negative cash flow until 2011 but positive discounted cash flows of $0.44M-$0.89M, resulting in an estimated enterprise value of $5.28M.
- An equity investment of
The document provides financial information for Ramirent, a construction equipment rental company, for Q4 2011 and full year 2011. Key highlights include:
- Net sales for Q4 2011 were up 24.4% to MEUR 186.8, with organic growth of 17.8%. Full year net sales increased 22.3% to MEUR 649.9.
- EBITDA for Q4 2011 was MEUR 55.0 compared to MEUR 36.9 in Q4 2010. Full year EBITDA was MEUR 181.8 compared to MEUR 127.4 in 2010.
- Nine acquisitions and two outsourcing deals were completed in 2011 to support growth,
The Korea Fund saw a 9.86% rally in the third quarter of 2012, driven by actions from the ECB and Fed to support the Eurozone and US economies. The fund underperformed its benchmark by 245 basis points due to stock picks in consumer discretionary, industrials, and quality/value styles outperforming growth and large caps. Materials and healthcare stock picks contributed most to performance while consumer discretionary and industrials detracted. The Korean won appreciated against the dollar and may continue strengthening.
Hn & Hcm Market Presentation Q4 2009 Final Ensavillsvietnam
The Ha Noi office market saw a significant increase in activity in Q4 2009. Grade A office space rents are about double those of Grade C space. Occupancy rates remain high across all grades, though Grade A space commands the highest rents at around $40-50 per square meter per month. Overall supply consists of 83 buildings, with 14 considered Grade A and the rest Grade B or C. New supply entering the market includes the Capital Tower and CEO Tower projects.
1-Consistent returns above benchmark (+6% annual outperformance) 2-Very small volatility for an equity fund (-4% annual bellow benchmark) 3-Excellent relative performance throughout the financial crisis (2007-2011) 4- Stable investment philosophy all over 23 years 5-Unique and tested investment process developed by an experienced management team 6-Very high quality (ROE) and liquid concentrated portfolio 7-Defensive strategy: focus on "ensured growth" without leveraged or cyclical sectors 8-Portfolio valuation at historial minimum levels 9-Poor overlapping and low correlation with other fund managers 10-Complementary with other equity styles
U ti investorday2011-freightforwardingFrankie Coki
This document summarizes UTi Worldwide's 2011 Investor Day presentation on their freight forwarding business. The presentation covered:
1) An overview of UTi's freight forwarding revenue and net revenue growth from FY2009 to FY2011, as well as operating income and margin over the same period.
2) UTi's competitive position in the global airfreight and ocean freight forwarding markets compared to other major companies.
3) An outlook projecting modest growth of 4-5% annually for air freight and 6-8% for ocean freight from 2011 to 2013, though risks from economic, fuel and geopolitical factors remain.
Capital Markets Day 2011 Delivering Shareholder ValueGrigory Kuznetsov
Boris Podolsky, CFO of CTC Media, presented on delivering shareholder value at the 2011 Capital Markets Day. CTC Media has achieved exceptional profitability with OIBDA margins above 35% through a stable cost structure and investing in programming. The company generates strong cash flow, converts over 70% of OIBDA to cash, and intends to increase dividends while also returning cash through acquisitions. Management incentives are aligned with shareholders through an emphasis on long-term equity incentives tied to performance. For full-year 2011, CTC Media expects around 20% revenue growth and an OIBDA margin of 34-36%.
This document provides a financial analysis and projected profitability statement for a company from 2008-2012. It projects revenue, expenses, margins, and cash flows. The key points are:
- Revenues are projected to grow from $0.14M in 2008 to $9.43M in 2012 across various product lines.
- Gross margins are projected to remain high between 85-91% while operating margins increase from 20% to 32% over the period.
- The company is projected to have negative cash flow until 2011 but positive discounted cash flows of $0.44M-$0.89M, resulting in an estimated enterprise value of $5.28M.
- An equity investment of
The document provides financial information for Ramirent, a construction equipment rental company, for Q4 2011 and full year 2011. Key highlights include:
- Net sales for Q4 2011 were up 24.4% to MEUR 186.8, with organic growth of 17.8%. Full year net sales increased 22.3% to MEUR 649.9.
- EBITDA for Q4 2011 was MEUR 55.0 compared to MEUR 36.9 in Q4 2010. Full year EBITDA was MEUR 181.8 compared to MEUR 127.4 in 2010.
- Nine acquisitions and two outsourcing deals were completed in 2011 to support growth,
The Korea Fund saw a 9.86% rally in the third quarter of 2012, driven by actions from the ECB and Fed to support the Eurozone and US economies. The fund underperformed its benchmark by 245 basis points due to stock picks in consumer discretionary, industrials, and quality/value styles outperforming growth and large caps. Materials and healthcare stock picks contributed most to performance while consumer discretionary and industrials detracted. The Korean won appreciated against the dollar and may continue strengthening.
Hn & Hcm Market Presentation Q4 2009 Final Ensavillsvietnam
The Ha Noi office market saw a significant increase in activity in Q4 2009. Grade A office space rents are about double those of Grade C space. Occupancy rates remain high across all grades, though Grade A space commands the highest rents at around $40-50 per square meter per month. Overall supply consists of 83 buildings, with 14 considered Grade A and the rest Grade B or C. New supply entering the market includes the Capital Tower and CEO Tower projects.
1-Consistent returns above benchmark (+6% annual outperformance) 2-Very small volatility for an equity fund (-4% annual bellow benchmark) 3-Excellent relative performance throughout the financial crisis (2007-2011) 4- Stable investment philosophy all over 23 years 5-Unique and tested investment process developed by an experienced management team 6-Very high quality (ROE) and liquid concentrated portfolio 7-Defensive strategy: focus on "ensured growth" without leveraged or cyclical sectors 8-Portfolio valuation at historial minimum levels 9-Poor overlapping and low correlation with other fund managers 10-Complementary with other equity styles
This presentation by Embraer Defense and Security discusses its vision, mission, results, and future plans. It includes forward-looking statements about financial trends that could affect performance. While revenues and backlog have grown significantly in recent years, future results may differ from expectations due to economic or geopolitical risks. The presentation outlines Embraer Defense's strategic focus on developing defense and security solutions for Brazil and partner countries.
2005 - 5th Us Analyst Investors Meeting Commercial Airline MarketEmbraer RI
The document discusses key trends shaping the airline industry, including increased competition from low-cost carriers and regional airlines. It notes the industry is facing fundamental changes like a new type of passenger, greater focus on cost reduction, and clashes between different airline business models. Traffic volumes have been shifting from network carriers to low-cost and regional airlines. Yields have also been declining across the industry compared to 2000 levels.
The Korea Fund underperformed its benchmark, the MSCI Korea Index, in the fourth quarter of 2012 by 39 basis points. Within sectors, stock picks in consumer discretionary hurt performance while selections in industrials and an underweight in financials helped. Growth stocks strongly outperformed value stocks last quarter, contrasting the third quarter. The Fund initiated positions in selected IT and consumer names and exited a credit card company due to regulatory changes.
Optimum ventures - Bevo Agro - Take Private ProposalBen Cappellacci
This is a preliminary round presentation deck for the UBC Finance Club Pacific Venture Capital Competition. It was created by Ben Cappellacci, Chris Fenn, Raena Kai and Scott Redwood.
1) Tempo Participacoes experienced a 34% increase in Adjusted EBITDA and a 25% increase in net revenues for the first quarter of 2008 compared to the same period in 2007.
2) The company's three business segments - healthcare administration, dental HMO, and assistance services - all saw increases in the number of beneficiaries and items, with fixed costs dilution contributing to higher adjusted EBITDA.
3) Financial and operating results for the first quarter did not include acquisitions completed at the end of 2007, which will further boost performance going forward.
This document provides an overview of People's Bank of Georgia, the largest bank in the country. It discusses the bank's branch and ATM network across Georgia, regional coverage, management structure, retail and corporate banking services, social projects, IT infrastructure, subsidiaries, financial performance, and future plans. People's Bank aims to provide universal banking services throughout Georgia and be the backbone of the country's economy through its extensive branch network and focus on customers.
EVS full year 2011 earnings presentationgdoultremont
EVS reported its financial results for the full year 2011. Key highlights included record order book of EUR 46.1 million, up 83% year-over-year. Revenue for 2011 was EUR 106.9 million, down 3.8% compared to 2010 but up 6.3% excluding revenue from big event rentals. Operating margin for 2011 was 41.3%. The presentation discussed financial results, business updates, outlook for 2012 including new product launches, and corporate information. Forward-looking statements were also provided regarding expectations, risks, and uncertainties.
03 31-2011 - 4 q10 and fy2010 conference call presentationArezzori
The document summarizes the financial highlights of Arezzo & Co for 4Q10 and full year 2010. Key points include:
- Net revenues increased 26.6% in 4Q10 and 38.7% for the full year.
- EBITDA margin was 17.7% in 4Q10 and 16.7% for the full year, with EBITDA up 57.7% to R$95.5 million.
- Net income increased 32.4% to R$64.5 million for the full year.
- The company expanded its store count to 296 stores and sales area by 17.7% in 2010.
The document discusses 4 critical factors for reducing volatility and maximizing investment returns:
1. Reduce volatility through strategies that buy markets instead of individual stocks.
2. Optimize portfolio construction to capture upside while managing downside risk.
3. Reduce expenses and fees which can significantly impact long-term returns.
4. Reduce taxes through tax-efficient investing to keep more of the returns.
What Are Our Prospects Are Thinking Right Now Michael Starke, Vp Of Researchmichaelstarke
This presentation addresses the impact of the economy on the senior housing consumer and is based on telephone surveys completed in March of 2008 and 2009 and 42 focus groups completed in the 12 months between the two surveys. I\'d be interested in your thoughts and feedback.
This interim report provides a summary of Ramirent's financial results for the first quarter of 2012. Some key points:
- Net sales increased 22.3% to MEUR 164.3, driven by growth in all segments. EBITDA was MEUR 41.9 and EBIT was MEUR 12.3.
- All segments saw sales growth compared to Q1 2011, led by Norway at 34% growth. Finland, Sweden, and Europe East also saw double-digit growth.
- EBIT improved in most segments due to high fleet utilization and stable/improved pricing. Finland, Norway, and Europe East saw significant EBIT gains.
- The number of outlets increased
Mobile Payments and Mobile Commerce
# Market overview
# Competitive landscape
# Region analysis
# Value chain
As of September 2012
Sources: Gartner, Euromonitor, Mashable, Arthur D. Little, mobilepaymentstoday.com, Sapient Nitro, internetretailer.com, deltapartnersgroup.com, paymentobserver.com
Localiza reported strong financial results for the first quarter of 2007, with net income increasing 53.4% compared to the first quarter of 2006. EBITDA from car rentals increased 14.9 million or 30% due to growth in revenue and margins. Overall market share increased to 20.5% as Localiza grew revenues at a rate 2.9 times faster than the overall car rental market between 2004-2006. Cash generation was robust at R$228.5 million after adjusting for a reduction in debt from automakers. Fleet size continued to grow significantly with a net investment of R$242 million and over 10,000 additional cars.
The document provides a summary of OHL Brasil's 2Q10 earnings results conference call. It includes information on traffic evolution, toll tariffs, net revenue, EBITDA and margins, and financial results for various concessions compared to previous periods. Key highlights include an 11-12% increase in traffic across state concessions, EBITDA growth of 41.9% year-over-year, and a financial result impacted by a 110.1% increase in financial revenues but also higher financial expenses of 31.9%.
Intel reported financial results for 2008 with revenue of $37.6 billion, down 2% from 2007. Net income was $5.3 billion, down 24% from the prior year. Intel generated $10.9 billion in cash from operations and paid $3.1 billion in dividends. Paul Otellini, Intel's President and CEO, stated that Intel's product portfolio and technology roadmap are strong and will help the company thrive when the economy recovers. Craig Barrett, Intel's Chairman, discussed Intel's role in global initiatives that apply technology to address challenges in areas such as healthcare, education, and sustainability.
Toyota was the top selling automaker in Thailand in September 2012 with 46,568 vehicles sold. For the January-September period, Toyota sold 380,751 vehicles. In September, the top 10 best selling vehicles were dominated by pickup trucks and SUVs with the Toyota Hilux as the top seller at 20,364 units. For the first 9 months of the year, Toyota was also the top seller among passenger vehicles with 167,026 units sold. Overall automotive sales in Thailand for January-September 2012 reached 1,706,389 units, a 33% increase from the same period in 2011.
Exxon Mobil Corporation at Barclays Capital 2009 CEO Energy Conferenceinvestorrelation
This document provides an overview of ExxonMobil's business model and strategy for delivering value through economic cycles. It discusses ExxonMobil's focus on risk management, financial strength, asset quality and diversity, and disciplined operations. Charts show ExxonMobil's consistent reserves replacement, lower cost reserves additions, project execution excellence, and industry-leading upstream volumes, earnings, and returns. The document outlines ExxonMobil's significant global project portfolio and future capacity growth.
capital onePrinter Friendly Version of the Conference Call Presentationfinance13
- Fourth quarter 2008 results showed a loss due to higher provision expense and a goodwill write-down. The losses were driven by deterioration in credit performance as economic conditions worsened.
- Credit losses and delinquency rates increased across all lending segments as unemployment rose. The allowance for loan losses was increased substantially.
- Deposits grew significantly while margins declined due to credit costs and mix shift to lower-yielding assets. Expenses declined due to cost management efforts.
- An impairment charge was taken for goodwill in the Auto Finance segment. The balance sheet and liquidity remain strong despite the difficult environment.
1) CCR reported strong financial results in 2004 with increased traffic, revenues and margins across its concessions.
2) Looking forward, CCR sees growth opportunities from bidding on additional federal highway concessions and the large São Paulo state highway privatization program.
3) CCR maintains a conservative capital structure and dividend policy to support continued growth through new concessions.
This document provides consolidated financial information for 1Q10 for a bank and its subsidiaries including insurers and reinsurers. It summarizes key credit quality metrics such as non-performing loans over 90 and 180 days. It also provides highlights on the bank's financial performance including a 21% increase in loan portfolio from 1Q09 and a 44.1% rise in total deposits. The insurance group contributed 45.5% of net income, with the insurer achieving a 26.1% ROAE and the reinsurer a 13.5% ROAE. While net income rose 10.2% from 1Q09, it declined 23.1% from 4Q09 due to lower insurance income and higher taxes.
The document discusses Paraná Banco's consolidated financial statements and pro forma statements for 1Q07. It notes that the statements were prepared according to Brazilian corporate law and regulatory standards. The document also contains a disclaimer that forward-looking statements are based on management expectations and are not guarantees of future performance.
This presentation by Embraer Defense and Security discusses its vision, mission, results, and future plans. It includes forward-looking statements about financial trends that could affect performance. While revenues and backlog have grown significantly in recent years, future results may differ from expectations due to economic or geopolitical risks. The presentation outlines Embraer Defense's strategic focus on developing defense and security solutions for Brazil and partner countries.
2005 - 5th Us Analyst Investors Meeting Commercial Airline MarketEmbraer RI
The document discusses key trends shaping the airline industry, including increased competition from low-cost carriers and regional airlines. It notes the industry is facing fundamental changes like a new type of passenger, greater focus on cost reduction, and clashes between different airline business models. Traffic volumes have been shifting from network carriers to low-cost and regional airlines. Yields have also been declining across the industry compared to 2000 levels.
The Korea Fund underperformed its benchmark, the MSCI Korea Index, in the fourth quarter of 2012 by 39 basis points. Within sectors, stock picks in consumer discretionary hurt performance while selections in industrials and an underweight in financials helped. Growth stocks strongly outperformed value stocks last quarter, contrasting the third quarter. The Fund initiated positions in selected IT and consumer names and exited a credit card company due to regulatory changes.
Optimum ventures - Bevo Agro - Take Private ProposalBen Cappellacci
This is a preliminary round presentation deck for the UBC Finance Club Pacific Venture Capital Competition. It was created by Ben Cappellacci, Chris Fenn, Raena Kai and Scott Redwood.
1) Tempo Participacoes experienced a 34% increase in Adjusted EBITDA and a 25% increase in net revenues for the first quarter of 2008 compared to the same period in 2007.
2) The company's three business segments - healthcare administration, dental HMO, and assistance services - all saw increases in the number of beneficiaries and items, with fixed costs dilution contributing to higher adjusted EBITDA.
3) Financial and operating results for the first quarter did not include acquisitions completed at the end of 2007, which will further boost performance going forward.
This document provides an overview of People's Bank of Georgia, the largest bank in the country. It discusses the bank's branch and ATM network across Georgia, regional coverage, management structure, retail and corporate banking services, social projects, IT infrastructure, subsidiaries, financial performance, and future plans. People's Bank aims to provide universal banking services throughout Georgia and be the backbone of the country's economy through its extensive branch network and focus on customers.
EVS full year 2011 earnings presentationgdoultremont
EVS reported its financial results for the full year 2011. Key highlights included record order book of EUR 46.1 million, up 83% year-over-year. Revenue for 2011 was EUR 106.9 million, down 3.8% compared to 2010 but up 6.3% excluding revenue from big event rentals. Operating margin for 2011 was 41.3%. The presentation discussed financial results, business updates, outlook for 2012 including new product launches, and corporate information. Forward-looking statements were also provided regarding expectations, risks, and uncertainties.
03 31-2011 - 4 q10 and fy2010 conference call presentationArezzori
The document summarizes the financial highlights of Arezzo & Co for 4Q10 and full year 2010. Key points include:
- Net revenues increased 26.6% in 4Q10 and 38.7% for the full year.
- EBITDA margin was 17.7% in 4Q10 and 16.7% for the full year, with EBITDA up 57.7% to R$95.5 million.
- Net income increased 32.4% to R$64.5 million for the full year.
- The company expanded its store count to 296 stores and sales area by 17.7% in 2010.
The document discusses 4 critical factors for reducing volatility and maximizing investment returns:
1. Reduce volatility through strategies that buy markets instead of individual stocks.
2. Optimize portfolio construction to capture upside while managing downside risk.
3. Reduce expenses and fees which can significantly impact long-term returns.
4. Reduce taxes through tax-efficient investing to keep more of the returns.
What Are Our Prospects Are Thinking Right Now Michael Starke, Vp Of Researchmichaelstarke
This presentation addresses the impact of the economy on the senior housing consumer and is based on telephone surveys completed in March of 2008 and 2009 and 42 focus groups completed in the 12 months between the two surveys. I\'d be interested in your thoughts and feedback.
This interim report provides a summary of Ramirent's financial results for the first quarter of 2012. Some key points:
- Net sales increased 22.3% to MEUR 164.3, driven by growth in all segments. EBITDA was MEUR 41.9 and EBIT was MEUR 12.3.
- All segments saw sales growth compared to Q1 2011, led by Norway at 34% growth. Finland, Sweden, and Europe East also saw double-digit growth.
- EBIT improved in most segments due to high fleet utilization and stable/improved pricing. Finland, Norway, and Europe East saw significant EBIT gains.
- The number of outlets increased
Mobile Payments and Mobile Commerce
# Market overview
# Competitive landscape
# Region analysis
# Value chain
As of September 2012
Sources: Gartner, Euromonitor, Mashable, Arthur D. Little, mobilepaymentstoday.com, Sapient Nitro, internetretailer.com, deltapartnersgroup.com, paymentobserver.com
Localiza reported strong financial results for the first quarter of 2007, with net income increasing 53.4% compared to the first quarter of 2006. EBITDA from car rentals increased 14.9 million or 30% due to growth in revenue and margins. Overall market share increased to 20.5% as Localiza grew revenues at a rate 2.9 times faster than the overall car rental market between 2004-2006. Cash generation was robust at R$228.5 million after adjusting for a reduction in debt from automakers. Fleet size continued to grow significantly with a net investment of R$242 million and over 10,000 additional cars.
The document provides a summary of OHL Brasil's 2Q10 earnings results conference call. It includes information on traffic evolution, toll tariffs, net revenue, EBITDA and margins, and financial results for various concessions compared to previous periods. Key highlights include an 11-12% increase in traffic across state concessions, EBITDA growth of 41.9% year-over-year, and a financial result impacted by a 110.1% increase in financial revenues but also higher financial expenses of 31.9%.
Intel reported financial results for 2008 with revenue of $37.6 billion, down 2% from 2007. Net income was $5.3 billion, down 24% from the prior year. Intel generated $10.9 billion in cash from operations and paid $3.1 billion in dividends. Paul Otellini, Intel's President and CEO, stated that Intel's product portfolio and technology roadmap are strong and will help the company thrive when the economy recovers. Craig Barrett, Intel's Chairman, discussed Intel's role in global initiatives that apply technology to address challenges in areas such as healthcare, education, and sustainability.
Toyota was the top selling automaker in Thailand in September 2012 with 46,568 vehicles sold. For the January-September period, Toyota sold 380,751 vehicles. In September, the top 10 best selling vehicles were dominated by pickup trucks and SUVs with the Toyota Hilux as the top seller at 20,364 units. For the first 9 months of the year, Toyota was also the top seller among passenger vehicles with 167,026 units sold. Overall automotive sales in Thailand for January-September 2012 reached 1,706,389 units, a 33% increase from the same period in 2011.
Exxon Mobil Corporation at Barclays Capital 2009 CEO Energy Conferenceinvestorrelation
This document provides an overview of ExxonMobil's business model and strategy for delivering value through economic cycles. It discusses ExxonMobil's focus on risk management, financial strength, asset quality and diversity, and disciplined operations. Charts show ExxonMobil's consistent reserves replacement, lower cost reserves additions, project execution excellence, and industry-leading upstream volumes, earnings, and returns. The document outlines ExxonMobil's significant global project portfolio and future capacity growth.
capital onePrinter Friendly Version of the Conference Call Presentationfinance13
- Fourth quarter 2008 results showed a loss due to higher provision expense and a goodwill write-down. The losses were driven by deterioration in credit performance as economic conditions worsened.
- Credit losses and delinquency rates increased across all lending segments as unemployment rose. The allowance for loan losses was increased substantially.
- Deposits grew significantly while margins declined due to credit costs and mix shift to lower-yielding assets. Expenses declined due to cost management efforts.
- An impairment charge was taken for goodwill in the Auto Finance segment. The balance sheet and liquidity remain strong despite the difficult environment.
1) CCR reported strong financial results in 2004 with increased traffic, revenues and margins across its concessions.
2) Looking forward, CCR sees growth opportunities from bidding on additional federal highway concessions and the large São Paulo state highway privatization program.
3) CCR maintains a conservative capital structure and dividend policy to support continued growth through new concessions.
This document provides consolidated financial information for 1Q10 for a bank and its subsidiaries including insurers and reinsurers. It summarizes key credit quality metrics such as non-performing loans over 90 and 180 days. It also provides highlights on the bank's financial performance including a 21% increase in loan portfolio from 1Q09 and a 44.1% rise in total deposits. The insurance group contributed 45.5% of net income, with the insurer achieving a 26.1% ROAE and the reinsurer a 13.5% ROAE. While net income rose 10.2% from 1Q09, it declined 23.1% from 4Q09 due to lower insurance income and higher taxes.
The document discusses Paraná Banco's consolidated financial statements and pro forma statements for 1Q07. It notes that the statements were prepared according to Brazilian corporate law and regulatory standards. The document also contains a disclaimer that forward-looking statements are based on management expectations and are not guarantees of future performance.
The document presents results for the 3rd quarter of 2007 for a Brazilian bank. It summarizes key operational and financial highlights including:
- Originations increased 61.9% year-over-year while loan assignments to funds decreased 51.7%
- Total assets grew 102% to R$1.79 billion while equity increased 276% to R$781.24 million
- Net income increased 174% to R$21.38 billion compared to the prior year
- The credit portfolio grew 16% to R$1.08 billion including loans assigned to funds
- Franchise expansion became a new sales channel with over 50 units operating by the end of the quarter
Paraná Banco presented its 4Q07 and full year 2007 results. Key highlights include:
- Total originations grew 256% in 2007 compared to 2005 to R$1.013 billion in 4Q07.
- The franchise channel expanded to 60 units, exceeding its target of 30.
- Total assets grew to R$1.881 billion in 4Q07, up 104% from 4Q06.
- Net income was R$35.6 million in 4Q07 compared to R$13.4 million in 4Q06, an increase of 165%.
- Loan portfolio quality remained high at 95.8% AA-C ratings in 2007.
Paraná Banco reported financial results for the third quarter of 2010. Net income increased 39.6% compared to the third quarter of 2009 to R$29.5 million. Loan portfolio grew 25.9% year-over-year to R$1.518 billion while deposits increased 46.7% to R$1.372 billion. Credit quality improved with delinquency rates down and coverage ratios up compared to prior periods. The insurance segment contributed 51.5% of net income with both the insurance company and reinsurer reporting significant earnings growth.
The document provides financial information for Paraná Banco and its subsidiaries for 2Q10. Key highlights include:
- Consolidated net income was R$31.8 million, up 42.4% from 1Q10, with total assets of R$2,955.2 million, up 18% from 2Q09.
- The loan portfolio was R$1,431.4 million, a 7% increase from 1Q10, with 94.9% of the portfolio rated AA to C.
- The insurance subsidiaries reported strong results, with the insurer reporting net income of R$12.5 million and the reinsurer R$3.8 million.
The document provides financial and operational information for Paraná Banco and its subsidiaries. Some key points:
1) Net income for 3Q09 was R$21.1 million, a 10.5% increase over 3Q08. Total deposits increased 19.1% compared to 2Q09.
2) The insurance business contributed R$6.3 million to net income in 3Q09, a 53.2% increase over 3Q08. Market share for JMalucelli Seguradora was 31.4% in August 2009.
3) The loan portfolio grew 4.1% compared to 2Q09. Non-performing loans over 90 days were up 10.
The document is Paraná Banco's 2Q07 earnings presentation. It summarizes the bank's financial performance in 2Q07 and 1H07 compared to the prior periods. Key highlights include an increase in origination and credit portfolio growth. Net income grew 99.6% in 2Q07 compared to 2Q06. The bank continued expanding its franchise channel. Credit quality remained high, with 94% of loans rated AA-C. Deposits increased to fund loan growth. The insurer J. Malucelli Seguradora also experienced growth.
Paraná Banco reported financial results for the third quarter of 2010. Net income increased 39.6% compared to the third quarter of 2009 to R$29.5 million. Loan portfolio grew 25.9% year-over-year to R$1.518 billion while deposits increased 46.7% to R$1.372 billion. Credit quality improved with delinquency rates down and coverage ratios up compared to prior periods. The insurance segment contributed 51.5% of net income with both the insurance company and reinsurer reporting significant earnings growth.
Avery Dennison reported its second quarter 2008 results. Revenue increased 20% year-over-year to $1.8 billion due to acquisitions, though organic revenue declined 1%. Net income increased 7% to $92.4 million. However, the company reduced its full year 2008 guidance due to significantly higher expected raw material costs and weaker global economic conditions. It now expects earnings per share of $3.35-$3.55, down from a prior estimate, but above $3.75-$3.95 excluding restructuring charges. The company will focus on price increases and productivity to offset inflation in the face of challenging market conditions.
Avery Dennison reported its third quarter 2008 results. Revenue increased 3% to $1.72 billion due to currency effects, but organic revenue declined 2% due to slowing economic conditions. Operating income declined 6% to $96 million due to margin pressure from rising raw material costs outpacing price increases. For 2008, the company lowered its earnings guidance to $2.65-2.85 per share due to further weakening expected in Q4 from inventory reductions and economic uncertainty. It expects record free cash flow of $375 million despite the challenges.
Mtm ix business analysis project work_easyjetMTM IULM
1) easyJet is a European airline that operates flights to 125 airports across 29 countries.
2) Between 2008-2010, easyJet's total revenue grew from £2.36 billion to £2.97 billion as passenger revenue increased. Ancillary revenue also increased as a percentage of total revenue over this period.
3) easyJet's net profit increased from £83.2 million in 2008 to £121.3 million in 2010, though it dipped in 2009. Total fixed costs as a percentage of revenue decreased from 2008 to 2010.
MTM IX - Accounting Management Project Work MTM IULM
EasyJet saw total revenue grow 11.5% to £2,973.1 million in 2010. Profit before tax was £154 million or £2.75 per seat. Ancillary revenues such as hotel and car rentals grew but were still disappointing. Disruption from events like volcanic ash in 2009 cost the company £97.9 million. EasyJet aims to continue expanding across Europe and adding new countries to its network while addressing challenges like crew costs and improving ancillary revenue performance. Financial results were solid but the company is exposed to unpredictable disruption outside its control.
2007 - 7th Analysts And Investors Meeting Results & PerformanceEmbraer RI
Embraer held its 7th annual analysts and investors meeting in New York in April 2007 to discuss results and performance. Antonio Luiz Pizarro Manso, Executive Vice President and CFO, presented information on Embraer's financial results for 2006, including record net revenue, income from operations, net income, and order backlog. Projections were also provided for deliveries, research and development spending, and property, plant and equipment investments through 2008.
- Aeroplan Canada achieved its 6th straight quarter of year-over-year growth.
- Nectar now has 3 million members earning points through new partner British Gas.
- LMG I&C analytics unit entered into a strategic partnership with Sobeys.
- MOU signed with Tata Group to form a coalition loyalty program in India.
The document is a slide presentation for an analyst conference call summarizing Piaggio Group's full year 2009 financial results. It shows that while net sales decreased 5.3% year-over-year, EBITDA increased 6.2% due to cost cutting measures. Net income also increased 9.4% despite the sales decline. The net financial position improved slightly from €359.7 million to €352 million due to positive operating cash flow and reductions in working capital and equity.
Infosys forecasts revenue based on analysis of historical revenue trends segmented by geography, industry, service offering, and project type. North America accounts for over 65% of revenue, while banking/financial services and manufacturing make up over 50% of revenue. Application development and maintenance and consulting services drive over 60% of revenue. Revenue guidance considers repeat business from existing clients, current project pipelines, and potential revenue from new contracts. Key factors like currency exchange rates, the economy, wage increases, and government policies are also accounted for.
The company reported strong growth in the third quarter of 2012, with gross revenue increasing 31.7% and net profit growing 10.2% compared to the prior year period. Expansion of the store network and gains across all brands contributed to the positive results. Management provided guidance for continued growth in 2013 with a planned 15% increase in total sales area through new store openings and expansions.
The document is a presentation by Banco Santander (Brasil) S.A. for fixed income investors in February 2011. It discusses Brazil's solid macroeconomic fundamentals including large foreign reserves, declining debt levels, and stable interest and inflation rates. It also notes Brazil's favorable social dynamics including a demographic bonus from a growing workforce and increasing social mobility. The presentation aims to provide investors an overview of the Brazilian economy, Santander Group, and Santander Brasil.
Apresentacao renda fixa_final.v2.11.02.11risantander
The document is a presentation by Banco Santander (Brasil) S.A. for fixed income investors in February 2011. It discusses Brazil's solid macroeconomic fundamentals including large foreign reserves, declining debt levels, and stable interest and inflation rates. It also notes Brazil's favorable social dynamics including a demographic bonus from a growing workforce and increasing social mobility. The presentation aims to provide investors an overview of the Brazilian economy, Santander Group, and Santander Brasil.
Hyundai Commercial presented its 2012 financial results showing:
1) Operating income slightly decreased from the previous year due to increases in other operating expenses from government regulations.
2) While ordinary income decreased due to one-time factors, the company's fundamentals remained solid with a high return on assets of 3.01%.
3) The company maintained disciplined asset diversification across its financial businesses and stable capital levels above regulatory requirements.
CCR reported strong financial results for 2Q05, with net revenues up 38.2% and net income up 372%. Traffic increased 23.3% across concessions. Total costs grew at a slower rate than revenues, leading to a 10.9 percentage point increase in EBIT margin to 38.9%. Indebtedness declined with net debt to EBITDA falling to 1.03x. The company also outlined plans to evaluate new concession opportunities in Brazil, Mexico, and Chile while continuing social responsibility programs.
Piaggio Group reported its full year 2010 financial results. Net sales were largely unchanged from 2009 at €1.485 billion, while EBITDA declined slightly by 1.8% to €197.1 million. Net income decreased by 9.7% to €42.8 million due to higher taxes. Motorcycle sales in Asia and commercial vehicle sales in India increased significantly, while sales declined in other regions. The company's working capital position improved in 2010.
The document summarizes Knoll's 2009 second quarter financial results. It includes introductions by the CEO and CFO. Key highlights include:
- Sales declined 30.9% from the previous year's second quarter.
- Gross margin percentage increased to 35.2% compared to 34.6% last year even as gross margin dollars decreased.
- Adjusted operating profit declined by over 50% and the adjusted operating margin fell to 10.2% from 13.9% the previous year.
- Adjusted EPS declined to $0.21 from $0.52 in the second quarter of 2008.
1) Net revenues for BRMALLS grew 36% to R$243.6 million in 1Q12, with NOI reaching R$217.8 million and a NOI margin of 90.5%. Adjusted EBITDA and AFFO increased 44.5% and 59.9% respectively.
2) Same-store rents and sales continued to increase strongly, with renewals leasing spread above 20% for the eighth consecutive quarter. BRMALLS also invested R$88.3 million in acquisitions.
3) BRMALLS ended 1Q12 with R$619.1 million in cash and a diversified long-term debt profile. Development projects will
Paula Gomes
Phone: 55 (21) 4009 0276 ext. 8119
E-mail: paula.gomes@profarma.com.br
Address: Av. Brasil, 4.000 - Módulo 30
Rio de Janeiro, RJ
CEP: 22640-102
NY Representative:
MZ Group - Greg Falesnik
Phone: 1-949-385-6449
E-mail: greg.falesnik@mzgroup.us
This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Profarma. These are merely projections
omnicom group Q4 2008 Investor Presentationfinance22
The document provides an investor presentation for Omnicom's fourth quarter 2008 results. It includes a summary of revenue, operating income, earnings per share, and revenue growth by discipline for both the fourth quarter and full year of 2008 compared to 2007. Overall, revenue declined 7.0% in the fourth quarter but grew 5.2% for the full year. Operating income declined more sharply than revenue in the fourth quarter. Earnings per share on both a basic and diluted basis declined in the fourth quarter but grew for the full year. Advertising revenue grew the most while public relations revenue declined.
CCR reported strong financial results for 3Q05, with net revenues increasing 32.1% and EBITDA growing 43.7% compared to 3Q04. Traffic across CCR's concessions increased 19.6% overall despite high interest rates. Total costs remained well controlled, demonstrating continued operating efficiency. The company also benefited from a reversal of a fiscal provision. CCR remains focused on cost control and has diversified sources of long-term funding to support new growth opportunities.
The document summarizes Estácio's 2Q09 earnings release. Some key points:
- Student enrollment reached 202 thousand, a 4.7% increase over 1H08.
- Revenue grew 4.4% in 2Q09 and 7.9% in 1H09. EBITDA margin expanded due to cost controls and efficiency gains.
- Net income increased 76.7% in 2Q09 due to higher operating results.
- Capex totaled R$21.6 million in 1H09, primarily for organic growth. Net cash decreased to R$215.6 million as of June 30, 2009.
O documento descreve a estrutura societária e financeira do Banco J. Malucelli, incluindo seus resultados no primeiro trimestre de 2014. O lucro líquido recorrente aumentou 19,3% em relação ao trimestre anterior, impulsionado pelo crescimento da carteira de crédito, especialmente no segmento de middle market. A qualidade dos ativos se manteve estável, com baixos níveis de inadimplência.
1) O documento apresenta as demonstrações financeiras consolidadas do Banco e de suas controladas para o quarto trimestre de 2013.
2) Destaca o crescimento de 20,8% da carteira de crédito consolidada em relação a 2012, com estabilidade da qualidade.
3) Apresenta os principais indicadores financeiros do Banco, como a elevada capitalização com índice de Basileia de 27,4% e a expansão das linhas de crédito consignado e middle market.
1) O documento apresenta os resultados do 1T14 do Banco Paraná, destacando um aumento de 19,3% no lucro líquido recorrente em relação ao trimestre anterior.
2) A carteira de crédito cresceu 22,6% em relação ao 1T13, totalizando R$3,1 bilhões, puxada principalmente pelo crédito consignado (+19,7%) e middle market (+31,5%).
3) Os índices de qualidade da carteira se mantiveram estáveis, com créditos vencidos ac
1) O documento apresenta os resultados do 1T14 do Banco Paraná, destacando um aumento de 19,3% no lucro líquido recorrente em relação ao trimestre anterior.
2) A carteira de crédito cresceu 22,6% em relação ao 1T13, totalizando R$3,1 bilhões, puxada principalmente pelo crédito consignado (+19,7%) e middle market (+31,5%).
3) Os índices de qualidade da carteira se mantiveram estáveis, com créditos vencidos ac
O lucro líquido ajustado do banco no 3T13 foi estável em relação ao ano anterior. A carteira de crédito cresceu 19% nos últimos 12 meses, impulsionada pelo crédito consignado que teve originação 60,6% maior. A qualidade da carteira se manteve estável com nível de perdas de 0,5%.
Este documento apresenta os demonstrativos financeiros intermediários de junho de 2013 da JM Participações em Seguros e Resseguros S.A. e suas subsidiárias. Os ativos totais consolidados somam R$1,9 bilhão e o lucro líquido do semestre foi de R$27,9 milhões. Apresenta também os balanços patrimoniais, demonstrações de resultados, notas explicativas e declaração da administração das empresas do grupo.
1) O documento apresenta os resultados financeiros do 2T13 do Banco, com destaque para o crescimento de 11% do lucro líquido em relação ao mesmo período do ano anterior.
2) A carteira de crédito ampliada cresceu 18% nos últimos 12 meses, enquanto a carteira de middle market cresceu 44% no mesmo período.
3) As demonstrações financeiras foram elaboradas de acordo com as práticas contábeis brasileiras e normas dos órgãos reguladores, como CVM, CMN e BACEN.
O documento apresenta as demonstrações financeiras consolidadas do Paraná Banco e suas subsidiárias para o exercício findo em 31 de dezembro de 2012. O banco apresentou patrimônio líquido de R$1,2 bilhão, lucro líquido de R$197 milhões e ativo total de R$4,2 bilhões. As receitas da intermediação financeira totalizaram R$591 milhões no período.
O documento apresenta os balanços patrimoniais e demonstrações de resultados de um banco para os exercícios findos em 31 de dezembro de 2011 e 2010. O patrimônio líquido do banco aumentou de R$827 milhões para R$1,093 bilhão no período, enquanto o lucro líquido cresceu de R$117 milhões para R$359 milhões. O ativo total consolidado do banco foi de R$3,427 bilhões em 2011 contra R$3,074 bilhões em 2010.
O documento apresenta as demonstrações financeiras consolidadas do Paraná Banco e suas controladas para o exercício de 2012. Destaca o crescimento da carteira de crédito, a liderança das empresas de seguros do grupo no mercado brasileiro e a distribuição de juros sobre capital próprio aos acionistas.
O documento apresenta as demonstrações financeiras consolidadas de 2011 de um grupo empresarial que atua nos setores bancário, de seguros e resseguros. O grupo teve crescimento de ativos, patrimônio líquido e lucro líquido. A carteira de crédito cresceu 21,2% e a inadimplência ficou estável. As seguradoras do grupo tiveram lucro líquido 50,7% maior que em 2010.
1) A teleconferência de resultados do 4T12 do Banco apresentou os principais números do trimestre, como lucro líquido ajustado 31,6% superior ao trimestre anterior.
2) O documento destaca o crescimento da carteira de crédito de 25,7% em relação ao mesmo período do ano anterior, com foco na carteira de middle market.
3) A qualidade da carteira se manteve estável no trimestre, com redução de 0,5 p.p. no índice de atraso acima de 90 dias no ano, apoi
1) O relatório analisa o desempenho do Paraná Banco no primeiro trimestre de 2011, classificando-o como de baixo risco a médio prazo devido à sua boa liquidez, qualidade de ativos e baixa alavancagem.
2) No período, a carteira de crédito do banco cresceu 5% em relação ao trimestre anterior e 23,35% nos últimos 12 meses, concentrada em poucos órgãos e estados.
3) Sua rentabilidade foi de 15,95% no primeiro trimestre, impulsionada em parte
O documento apresenta os resultados financeiros do Paraná Banco no 3T11. O lucro líquido ajustado foi de R$23,5 milhões, influenciado pela menor contribuição do segmento de seguros e pelo aumento das despesas com comissões. A carteira de crédito cresceu 20,6% em relação ao 3T10, atingindo R$1,85 bilhões, com 95,8% dos empréstimos classificados entre AA e C. Os índices de qualidade da carteira se mantiveram estáveis.
Este acordo de acionistas estabelece diretrizes para o controle conjunto do Paraná Banco S.A. pelas partes signatárias. Define a distribuição das ações entre os acionistas controladores e estabelece que exercerão seu poder de controle de forma uniforme. Também prevê regras sobre voto em assembleias, sucessão, comunicações e vigência do acordo.
Este acordo estabelece diretrizes para o comando conjunto do Paraná Banco S.A. pelos membros da família Malucelli. Eles detêm conjuntamente 54,49% das ações e se comprometem a votar de forma uniforme em todas as matérias e eleger a maioria dos administradores, exercendo o controle da companhia. O acordo também prevê restrições à alienação das ações e sucessão dos herdeiros no bloco de controle.
Este acordo estabelece diretrizes para o controle acionário do Paraná Banco S.A. pelos membros da família Malucelli. Eles detêm conjuntamente 54,49% das ações e se comprometem a votar de forma uniforme em todas as matérias. O acordo também prevê restrições à alienação, penhor ou empréstimo das ações e terá validade inicial de 10 anos, renovando automaticamente.
Este acordo estabelece diretrizes para o controle acionário do Paraná Banco S.A. pelos membros da família Malucelli. O acordo vincula 56,7 milhões de ações ordinárias e 31,4 milhões de ações preferenciais entre os membros da família, que detêm conjuntamente 54,5% das ações totais. O acordo também estabelece que os acionistas familiares exercerão seu direito de voto de forma uniforme e manterão o controle conjunto do banco.
1) O documento apresenta demonstrações financeiras sintéticas de uma empresa do setor de seguros e resseguros para o primeiro semestre de 2011.
2) O lucro líquido consolidado foi de R$54 milhões, o ativo total chegou a R$3,3 bilhões e o patrimônio líquido consolidado foi de R$1,1 bilhão.
3) As demonstrações mostram crescimento nos principais indicadores financeiros como ativo total, patrimônio líquido e recursos captados no período de 2009 a
1) O relatório apresenta os resultados financeiros do primeiro semestre de 2011 do Paraná Banco e suas controladas, incluindo a distribuição de dividendos.
2) Foi aprovada a parceria com a Travelers para o braço de seguros, que permitirá expandir as operações de seguro garantia e riscos de engenharia.
3) A estratégia é aumentar a participação do crédito para pequenas e médias empresas através da sinergia com os clientes da seguradora.
2. Disclaimer
All financial information presented herein is consolidated, including the Bank´s financial
statements, its subsidiaries, Credit Receivables Investment Fund Paraná Banco II (FIDC), the
insurers JMALUCELLI Seguradora, JMALUCELLI Seguradora de Crédito (pending SUSEP`s
approval), the reinsurer JMALUCELLI Re., JMALUCELLI Agenciamento and Paraná Administradora
de Consórcio. All information, except when otherwise indicated, is presented in the Brazilian
currency (in Reais) and was prepared based on the accounting practices g p pursuant to the
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”),
whenever applicable.
Information contained herein regarding future events is exposed to risks and uncertainties and is
subject to change, resulting from, among other factors: market behavior, Brazil’s economical and
political situation, and changes in legislation and regulations. Information presented herein is
entirely based on the expectations of the Bank’s Administration regarding its future performance,
and does not constitute a guarantee of performance.
2
3. Main Highlights
Net Income: Total Deposits in 2009:
R$ 29.1 million in 4Q09 R$ 997.2 million
81.4% vs. 4Q08 29.6% vs. 2008
R$ 104.3 million in 2009 6.6% vs. 3Q09
24.0% vs. 2008
Total Assets: Profitability:
R$ 2,823.1 million ROAE of 15.3% (4Q09) and 13.0% (2009)
6.1% vs. 3Q09 ROAA of 4.3% (4Q09) and 4.2% (2009)
21.8% vs. 2008
NIM of 14.3% (4Q09) and 13.5% (2009)
Loan Portfolio:
Portfolio from AA to C:
R$ 1,297.0 million
7.6% vs. 3Q09
93.5% of Paraná Banco’s
16.8% vs. 2008 portfolio.
3
4. Main Highlights (Insurance)
Net Income - Insurer: Net Income - Reinsurer:
R$ 9.5 million (4Q09) R$ 5 million (4Q09)
50.5% vs. 3Q09 311.5% vs. 3Q09
R$ 29.3 million (2009) R$ 14.1 million (2009)
68.8% vs. 2008 213.3% vs. 2008
Insurance business share: Market share in 2009:
51.1% of 4Q09 and JM Seguradora: 32.2%
43.0% of 2009 JM Re: 36.5%
net income
Combined Ratio Retained Premiums
JM Seguradora: JM Seguradora + JM Re:
61.3% (4Q09) R$ 27.4 million
- 4.5 p.p. vs. 3Q09 0.9% vs. 3Q09
-7.5 p.p. vs. 4Q08
4
5. Financial Performance
150 19.8% 500 20.0% 16.0% 18.5%
14.7% 400 15.0%
14.3% 51.8 13.5% 13.5%
15.1
100 63.7
300 10.0%
15.8 15.8 8.5%
75.7 200
5.0% 327.1
50 3.5%
280.0
72.4 75.7 100
0.0%
29,2 -1.5%
- 29.2
-
-5.0%
(48.0) (41.5) (42.3) (172.9) (151.7) -6.5%
(100)
-10.0%
(50) -11.5%
(200)
4Q08 3Q09 4Q09 -15.0% 2008 2009
(300) -16.5%
(100) -20.0%
Income from credit operations Income with credit assignments Result from marketable securities operations
Expenses from Financial Operations NIM
4Q09 x 4Q09 x 2009 x
R$ thousand 4Q09 3Q09 4Q08 2009 2008
3Q09 4Q08 2008
Result from financial operations 49,241 46,705 5.4% 72,021 (31.6%) 191,925 235,190 (18.4%)
Efficiency Ratio 49.3% 58.3% (8.9 p.p.) 80.4% (31.1 p.p.) 54.9% 66.0% (11.1 p.p.)
5
6. Financial Performance
Net Income
(R$ thousand)
24.0%
104,301
84,127
81.4%
29,066
16,023
27.2% 43.0% 31.1% 51.1%
2008 2009 4Q08 4Q09
Participation of insurance sector
Growth in Net Income: Recovery in credit and reduction in operating expenses.
Increasing share of insurance business in total earnings.
6
7. Operational Performance
4Q09 x 4Q09 x
4Q09 3Q09 4Q08
3Q09 4Q08
Loan Portfolio (R$) 1,297,002 1,205,341 7.6% 1,110,492 16.8%
Total Deposits (R$ thousand) 997,182 935,454 6.6% 769,534 29.6%
Time Deposits (R$ thousand) 846,980 783,482 8.1% 696,366 21.6%
Loan Portfolio – Operations Falling Due Funding – Operations Falling Due
8.5%
11.6%
25.4% Up to 3 months 26.7% Up to 3 months
Between 3 and 12 months Between 3 and 12 months
35.8% Between 1 and 3 years 43.5% Between 1 and 3 years
27.2% Above 3 years 21.4% Above 3 years
Matching of Terms: 52.6% of the portfolio and 48.1% of funding maturing within 1 year.
7
8. Quality of the Loan Portfolio
4Q09 x 4Q09 x
R$ 4Q09 3Q09 4Q08
3Q09 4Q08
Allowance for Doubtful Accounts (PDD) 70,649 62,331 13.3% 51,469 37.3%
Portfolio (> 90 days) 74,725 67,023 11.5% 56,151 33.1%
Portfolio (> 180 days) 46,820 38,475 21.7% 30,420 53.9%
Total Portfolio* 1,398,582 1,347,703 3.8% 1,330,658 5.1%
Portfolio Coverage Index (PDD / > 90 days) 94.5% 93.0% 1.5 p.p. 91.7% 2.9 p.p.
Portfolio Coverage Index (PDD / > 180 days) 150.9% 162.0% (11.1 p.p.) 169.2% (18.3 p.p.)
Allowance for Doubtful Accounts (PDD) / Total Portfolio 5.1% 4.6% 0.5 p.p. 3.9% 1.2 p.p.
(b)
Written-off credits 8,754 13,250 (33.9%) 7,856 11.4%
(b/a)
Loss rate 0.6% 1.0% (0.4 p.p.) 0.6% 0.0 p.p.
* Includes balance of assignment with co-obligation.
Delinquency rate - Paraná Banco
Payroll deductible (>90 days) = 5.9%
Small and Mid Enterprises (>90 days) = 0.8%
Delinquency rate - Brazilian Financial System
(“SFN”)
Individuals (>90 days) = 7.8%
Corporations (>90 days) = 3.8%
8
9. FIDC
Consolidated Portfolio Consolidated Portfolio
- Without FIDC II
2.8% 3.3% 3.4%
3.1%
AA- C AA- C
D-G D-G
H H
94.0% 93.3%
Growth of 0.6 p.p. in the H level
Once they were discontinued, the remaining FIDC portfolio was integrated with
the Bank's portfolio, and that led to higher provision expenses.
9
10. Funding
Funding Sources Issue overseas (US$300 MM program)
46.4% Europe
980
US$ 35 MM US$ 100 MM
102 26.5% US
17
235 3.4% Chile
2005 2006 2007 2008 1Q09 2Q09 3Q09 4Q09 23.8% Others
MTN FIDCs Loans Assigment Deposits
DPGE (Time Deposits with Special Guarantee) in December 31, 2009: R$ 141.1 million
Total Deposits: increase of 6.6% in the quarter.
Increased participation of institutional investors and corporations.
Issue overseas: portfolio is 100% hedged
US$ 35 million maturing in August 2011
US$ 100 million maturing in December 2012
10
11. Segmentation
Payroll-Deductible Loan Origination Sector Distribution - SME
5.4%
4.4%
8.8%
18,8% 16,1%
Industry
INSS
States Commerce
Armed Forces
Services
Municipality
31,5%
30,2%
Others Municipal
Public
3,4% 81.5%
Payroll-Deductible Loans: diversification dilutes the regulatory risk of credit
and concentration of agreements.
Alternative Distribution Channels: 82 franchises and 9 own stores.
Small and Mid Enterprises (SME): growth of 11.0% in the quarter.
Synergy with the JM Seguradora:15.2% of the portfolio.
Distribution in the platforms:
Curitiba, São Paulo, Ponta Grossa, Maringá, Joinvile and Florianópolis.
11
12. Capital Structure
Equity Changes (R$ thousand) 4Q09 3Q09
Initial Balance 811,368 804,540
Net Income 29,066 21,123
Interest on Equity (16,110) (7,547)
Treasury shares (35,752) (6,363)
Adjustment to market value - Marketable securities 5 6
Others (1) (391)
Final Balance 788,576 811,368
Capital Compliance 4Q09 3Q09 2Q09 1Q09 4Q08
Basel II Rules
Reference Shareholder's Equity 790,968 813,011 804,946 807,027 807,759
Reference Shareholder's Equity Required 223,839 239,050 226,132 243,783 252,396
Banking Portfolio Risk (RBAN ) 40,959 41,546 49,368 44,625 51,875
Basel required minimum margin 526,170 532,415 529,446 518,619 503,488
Basel Index 38.9% 37.4% 39.2% 36.4% 35.2%
Changes in Shareholders’ Equity: impacted by the 5th and 6th share buy-back programs and
the payment of IOE worth of R$ 47.9 million in 2009.
Basel II: 38.9% in 4Q09, with a R$ 526.2 million margin over the limit.
12
14. Latin America Market
Latin America - Market share of the companies
JMalucelli - Brazil 7.7%
Aserta - Mexico 6.3%
Mrrey NYL - Mexico 6.2%
Sofimex - Mexico 3.9%
Surety Bond- Latin America market share
Corporativos - Venezuela 3.3%
10.0%
Mexico
Confianza - Colombia 3.0%
23.0% Brazil
12.0%
Others
Venezuela
16.0%
22.0%
Colombia
17.0% Argentina
Source: LatinoInsurance 14
15. Market Share (December/2009)
Market share evolution - direct premiums
(R$ thousand) Market Share - reinsurance premiums
Financial risk category
703,109 3.4%
IRB BRASIL RESSEGUROS
499,334 J. MALUCELLI
25.0% 34.0% RESSEGURADORA
346,089 MAPFRE RE DO BRASIL
187,768 192,364 1.0% MUNCHENER RUCK DO
167,452
BRASIL RESSEGURADORA
XL RESSEGUROS BRASIL
29.2% 37.0% 42.3% 50.4% 43.0% 32.2% 36.5%
2004 2005 2006 2007 2008 2009
JMalucelli Seguradora Market
JM Seguradora: market leader – profitable operation, low claims ratio, quick credit analysis,
selected clients and attractive to reinsurers.
Outlier: R$ 124.7 million policy for the Madeira River hydropower plant construction project.
Without it, JM Seguradora would have a 39.2% market share.
JMalucelli Resseguradora: Ranks first in the financial risk group.
15
16. Operational Performance
50% Claim ratio Insurance claims
176,331
40%
30%
26.3%
20%
72,129 66,948
10% 38,020
27,578
9,688 6,457 9,056 7,960
3.6% 253 4,025 2,372
0%
2004 2005 2006 2007 2008 2009 2004 2005 2006 2007 2008 2009
Market JMalucelli Seguradora Market JMalucelli Seguradora
JMalucelli Seguradora pulls down the market’s claim ratio average.
Without the JM Seguradora, it would be 36.9%.
16
18. Corporate Governance
Average Total Cost
Programs Acquired Shares Status
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 Ongoing
Total 19,359,400 6.81 131,769
*Data related to this program have been updated as at 12/31/2009.
Distributed Gross Value Interest on Equity Dividend Yield
(R$) per share (R$) (%)
1Q09 5,974,417.92 0.06000 1.30
2Q09 18,283,706.08 0.19000 2.68
Rating Rating Rating / Ranking Rating
3Q09 7,547,362.56 0.08000 0.82 A- brBBB+ 11.20 A
Low Credit Risk Low Credit Risk - Low Credit Risk
4Q09 16,109,996.02 0.17554 1.72 Low Credit Risk
Medium term
Total 47,915,482.58 0.50554 - September 2009 May 2009 September 2009 September 2009
Interest on Equity in 2009: R$ 47.9 million, equivalent to R$ 0.51 per share and pay-out of 45.9%.
Share Buyback Program: 6th program in progress.
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20. Investor Relations
Cristiano Malucelli Mauricio N. G. Fanganiello
IRO IR Coordinator
Ph: (+55 41) 3351-9950 Ph: (+55 41) 3351-9765
Marianne C. Baggio
e-mail: ri@paranabanco.com.br IR Analyst
IR Website: www.paranabanco.com.br/ir
Ph: (+55 41) 3351-9645
This presentation may include estimates and forward-looking statements. These estimates and forward-looking statements are to a large extent based on current
expectations and projections regarding future events and financial trends that affect or may come to affect the company’s 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 situation, fiscal, foreign-exchange and monetary policies, higher competition in the payroll deductible loan segment the ability of Paraná Banco to
obtain funding for its operations and amendments to Central Bank regulations. The words: “believe”, “may”, “could”, “seek”, “estimate”, “continue”, “anticipate”, “plan”,
“expect” and other similar words are intended to identify estimates and projections. The considerations involving estimates and forward-looking statements include
information related to results and projections, strategies, competitive positioning, the industry environment, growth of opportunities, the effects of future regulations, and the
impact 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 in this presentation may not materialize. Given these limitations, shareholders and investors should not make any decisions based on the estimates,
projections and forward-looking statements contained herein.
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