Uploaded byBancoABCRI
245 views

Ir presentation 3rd quarter 2008

- Banco ABC Brasil is a mid-sized Brazilian bank focused on providing loans and structured products to mid-sized and large companies, with expertise in corporate credit risk analysis and low historical losses. - The bank has three business segments: Wholesale & Large Middle (companies over R$250M revenues), Middle Market (companies R$30-250M revenues), and Payroll Deductible loans. - In 3Q08, the bank reported net income of R$48.4M, with its main revenue sources being credit operations, payroll deductible loans, and services.

Embed presentation

Download to read offline
3rd Quarter 2008
2 Participants 7 years at ABC Brasil Alexandre Sinzato IR Manager Sérgio Lulia Jacob Executive VP & IR Officer Tito Enrique da Silva CEO and Member of the Board of Directors 17 years at ABC Brasil, 39 years in banking 17 years at ABC Brasil, 25 years in banking 17 years at ABC Brasil, 20 years in banking Anis Chacur Deputy CEO
3 . Who we are . Business Segments . Competition . Financial Highlights . Conclusion . Appendix
4 IPO 1989 1991 1997 2005 2006 20082007 Arab Banking Corporation and local management acquire Roberto Marinho Group´s shares Current management starts running the bank The bank´s name changes to Banco ABC Brasil S.A. The bank structures its Middle Market operations Arab Bank Corporation and Roberto Marinho Group jointly initiate Banco ABC Roma SA, acting in the segments of corporate lending, trade finance and treasury History in Brazil
5 R$ million. 1. Including guarantees. Credit Portfolio1 Middle Market Payroll Deductible Wholesale & Large Middle 3.2% Large Middle > R$250 Mi + Wholesale Middle Market R$30 – 250 Mi Sector Annual revenues •Strong focus on providing loans and structured products to mid-sized and large companies. •Expertise in corporate credit risk analysis with remarkably low historical losses. •Wide range of credit products. •Winning combination of a strong controlling shareholder and an independent local Management team. Focus in Corporate Credit 71.5% 37.8% 100% 94% 88.5% 86.3% 6% 11% 11,8% 2004 2005 2006 2007 2,011 2,605 2,911 4,992CAGR = 38.8% 14.2% 6,879 9M08 82.6%0.5% 1.9%
6 Controlling Shareholder International bank headquartered in Bahrain Listed in the Bahrain stock exchange Present in 21 countries Main shareholders • Abu Dhabi Investment Authority – 27.6% • Kuwait Investment Authority – 29.7% • Central Bank of Libia – 29.5% Total Assets: US$ 30,433 Mi Shareholders´ Equity: US$ 2,111 Mi Ratings: BBB+ A3BBB+ Independent management • Agile decision making process Successful track record • Outstanding performance in corporate credit Strong controlling shareholder • Access to attractive funding Local Global Aaa.Br Baa2 AA- BB+ (*) * Local Currency Deposits Ratings High Rating Sep 2008
7 Local Management 14.4% ABC (BSC) 85.6% Voting Capital ABC (BSC) 56.4% Local Management 9.5% Associates 1.4% Free Float 32.7% Total Capital Shareholders´ Equity (R$ Mi) and Basel Index (%) 1,083 483 19.20% 26.70% 13.60% 1,159 16.70% 2Q07 3Q07 2Q08 3Q08 Ownership Structure 1,132
8 . Who we are . Business Segments . Competition . Financial Highlights . Conclusion . Appendix
9 66.5% Wholesale Companies with annual revenues over R$ 2 billion Large Middle Companies with annual revenues ranging from R$ 250 million to R$ 2 billion 341 352 317 7.3 9.2 10.1 387 466 529 2006 2007 3Q08 Duration (days) Average Ticket (R$ Mi) Clients São Paulo ‐ Capital 38.7% South 12.9% Rio de Janeiro 12.6% São Paulo ‐ Countryside 33.3% Minas Gerais +  Northeast 2.6% CAGR = 31.89 % 1,590 428 1,873 585 2,020 567 3,216 1,093 4,166 1,513 2004 2005 2006 2007 3T08 R$ million 2,011 2,458 2,587 4,309 5,678 LoansGuarantees 31.8% Wholesale & Large Middle
10 Strengths Strong relationship with clients. Expertise in credit analysis. Focused and agile operation. Wide range of products. Access to competitive funding. Opportunities Increase of margins as a consequence of global liquidity constraints. Expansion in investments in infraestructure in Brazil. Banks´ M&A. Weaknesses Retail funding. Capital base. Threats Increase of delinquency ratios as consequence of global economic crisis. Increase of bank regulation, restricting products and increasing capital requirements. Wholesale & Large Middle
11 Middle Market Companies with annual revenues ranging from R$ 30 million to R$ 250 million R$ million 309.2 587.2 2006 20072005 89.9% 3T08 979.9 66.9% 146.4 100% 100% 87.7% 71.7% 8,8% 4.1% 11% 9.2% 4.3% 5.8% 118 181 193 1.4 1.9 2.4 241 311 409 2006 2007 3Q08 Geographical Distribution Credit Portfolio CAGR = 99.63 % Duration (days) Average Ticket (R$ Mi) Clients SP Countryside São Paulo Minas Gerais South Rio
12 Middle Market Strengths Focused and agile operation. Experienced work force with strong ties to key clients. Access to competitive funding. Opportunities Banks´ M&A. Operation not yet fully deployed leaving room for further growth in untapped clients. Expansion to other developed SME regional markets. Weaknesses Distribution channel. Threats Increase of delinquency ratio as consequence of global economic crisis.
13 Credit portfolio in September 2008: R$220 mi Agreements: INSS 20.6% / others 79.4% Pricing & Asset Liability Management Proprietary Trading Corporate and Sovereign Bonds Interest Rates FX Hedge & Derivatives Average V@R 3Q08 : R$4.3 Million M&A Treasury Investment Banking Payroll Deductible Other Activities
14 US$ 70.000.000 7 Years Syndicated Pre-Export Facility Arrangers & Lenders MMX Mineração e Metálicos S.A. Lender US$ 70.000.000 7 Years Syndicated Pre-Export Facility Arrangers & Lenders MMX Mineração e Metálicos S.A. Lender Local Market FIDC Debentures Promissory Notes Offshore Structured Trade Finance Capital Markets Other Activities
15 . Who we are . Business Segments . Competition . Financial Highlights . Conclusion . Appendix
16 8 biggest banks 87,7 Other 8,7 IPOed mid-sized banks 3,1 ABC Brasil 0,5 Credit Sector in Brazil Banks participation in Credit Sector (total) Credit Operations evolution (non-earmarked) Corporate – R$ Mi 212,976 260,363 343,250 444,849 2005 2006 2007 Sep/08 CAGR = 27.2% Credit as % GPD - (total) 28.1% 30.7% 34.7% 39.1% 2005 2006 2007 Sep/08 * Source: Central Bank of Brazil 179,355 2004 26.9% 2004 * Fonte: BACEN Set/08 % % % % Ranking Bank % 1 Itaú + Unibanco 22,9% 2 BB + Nossa Caixa 18,5% 3 ABN + Santander 17,6% 4 Bradesco 13,9% 5 Caixa Econômica 5,6% 6 HSBC 3,3% 7 Votorantim 2,9% 8 Safra 2,8%
17 How We See Competition Our sophisticated and diversified product portfolio allows us to benefit from an untapped demand in our market niche Large CorporateLarge-MiddleMiddle Client Size1 2,000+ 250- 2,000 30-250 Clients NeedsHow We See Competition? Individuals Consumer Industry Supply Product Sophistication Products Onshore / Offshore loans Guarantees Debt capital markets FIDC / securitization Structured trade finance Structured project finance Hedge and derivatives Loans (working capital, revolving credit) Advances on receivables Trade finance Guarantees Untapped DemandUntapped Demand Onshore / Offshore loans Guarantees Debt capital markets FIDC / securitization Structured trade finance Structured project finance Hedge and derivatives Payroll deductible loans LEGEND: High Mid-High Medium Low# de clientes potenciais
18 . Who we are . Business Segments . Competition . Financial Highlights . Conclusion . Appendix
19 D - H 0.6% AA - C 99.4% R$ 34.6 Mi R$ 5,294.7 Mi PDD – % loan portfolio (Sep 08) 0.7% 2.2% 1.9% 1.1% Wholesale + Large Middle Middle Market Payroll Deductible TOTAL High Quality of Credit Portfolio 20012002 2003 2004 2005 2006 2007 0.1% 0.7% 1.2% 0.0% 0.0% 0.2% 1.8% 2.7% 1.6% 1.2% 1.4% 1.0% Sep 08 0.1% 1.1% Losses / Portfolio % Provision / Portfolio %
20 R$ million Financial Highlights Funding 25.0% 22.1% 25.0% 28.3% 23.3% 24.4% 20.2% 19.0% 22.4% 19.5%13.4% 11.3% 10.5% 10.3% 9.2% 1.8% 2.4% 2.5% 2.7% 7.4% 35.4% 44.0% 43.0% 36.3% 40.6% Sep 2007 Dec 2007 Mar 2008 Jun 2008 Sep 2008 3,164.6 3,841.3 4,354.3 4,819.4 5,459.3 Corporate Institutional BNDES International Local Individuals
21 Financial Highlights 5.5% 6.6% 6.4% 3Q07 2Q08 3Q08 37.4 35.1 35.8 3Q07 2Q08 3Q08 NIM – % Efficiency Ratio – % 4Q07 1Q08 39.2 38.86.7% 4Q07 6.4% 1Q08 23.3 48.4 43.4 3Q07 2Q08 3Q08 10.1% 15.5% 16.9% 3Q07 2Q08 3Q08 CAGR = 107.7% Net Income (R$ Mi) ROAE (%)
22 . Who we are . Business Segments . Competition . Financial Highlights . Conclusion . Appendix
23 Proven Track Record Growth despite avderse economic conditions Mexican Crisis Credit Portfolio 1996 2000 2001 20032002199919981997 2004 2005 2006 2007 Asian Crisis Russian Crisis Devaluation of R$ “Apagão” September 11th Argentinean Crisis Presidential Elections of Lula Banco Santos Bankruptcy 0.33% 0.39% 0.10% 0.02%0.00% 0.02% 0.06% 0.67% 0.00% 0.02% 0.06% 1.09%371 727 640 1,095 1,619 2,452 2,061 1,749 2,011 2,605 2,911 4,992 Loses / Credit Portfolio (R$ million) Sep08 0.06% 6,879 1.2% 0.39% 0.7%
24 • Controlling Shareholder´s support brings liquidity comfort. • Management commitment strengthened by a 9.5% stake in the bank. • Expertise in credit analysis. • Competitive Efficiency Ratio. • Wide range of products. • Increase of middle market participation in the portfolio. • Banks´ M&A. • Increase of margins as a consequence of global liquidity constraints. • Distribution channel. • Wholesale funding concentration. • Global crisis consequences in Brazilian economy. • Increase of bank regulation, restricting products and increasing capital requirements. SWOT Analysis - Banco ABC Brasil Strengths Weaknesses Opportunities Threats
25 Contacts Investor Relations Sergio Lulia Jacob – Executive VP & IR Officer Alexandre Sinzato – IR Manager Eduardo Randich – IR Analyst Henrique Mendonca – IR Analyst Web Site: www.abcbrasil.com.br/ri Email: ri@abcbrasil.com.br Phone: +55 (11) 3170 2186
26 . Who we are . Business Segments . Competition . Financial Highlights . Conclusion . Appendix
27 Corporate Structure CEO Tito Enrique da Silva Neto Deputy CEO Anis Chacur Neto Credit Large Risk Management Credit Middle Legal CFO/COO Sergio Borejo Commercial Middle Market VP Gustavo A. Lanhoso Treasury and IR VP Sergio Lulia Jacob Commercial Corporate VP Jose Eduardo C. Laloni Auditing Committee Internal Auditing Credit Group Bahrein BOARD
28 3Q08 Net Income Breakdown *Including the Opportunity Cost (CDI x Average Equity) in 3Q08: R$ 32.2 mi; 2Q08: R$ 30.3 mi; in 3Q07: R$ 24.0 mi. ** Treasury Results already adjusted with the effect of foreign exchange variation on Offshore Investments. *** Taxes already adjusted with the impact generated by the foreign exchange variation on Offshore Investments. Net Interest  Income Other Operating  Expenses Income Tax and  Social  Contribution Profit Sharing Impact of IOE Services Loan  Operations Treasury NET  INCOME 88.8 (27.8) (13.9) (22.2) 105.4 7.0 (15.2) 4.5 12.1 48.4 ResultS (R$ mi) 3Q08 2Q08 Chg.(%) 3Q07 Chg.(%) 9M08 9M07 Chg.(%) Credit* 100.1             86.4                15.8                         57.8  73.1                          259.4           141.3  83.6            PDD (11.3)              (6.5)                 73.8                         (4.8) 135.3                         (25.7)           (10.0) 157.0          Services                12.1                 10.8  12.0                           9.3  30.1                            32.0              29.9  7.0              Treasury ** 4.5                  9.8                  (54.5)                        (0.8) (656.9)                         28.3              23.2  21.8            Operational Revenues              105.3               100.5                 4.8              61.5               71.3               293.9           184.4             59.4  Other Income / Expenses (27.8)              (27.8)              (0.1)              (21.4)           29.8             (79.1)              (80.6)           (1.9)             Profit Sharing (14.0)              (11.9)              17.3                         (4.5) 210.3           (40.8)              (11.5)           254.8          Taxes ***               (15.2)               (17.4) (12.6)                      (12.3) 23.6             (44.3)                        (24.6) 80.0            Net Income                48.4                 43.4               11.5              23.3             107.7               129.8              67.7             91.7 
29 233.7 (79.1) (40.8) (63.4) 293.9 19.1 (44.3) 28.3 32.0 129.8 9M08 Net Income Breakdown Net Interest  Income Other Operating  Expenses Income Tax and  Social  Contribution Profit Sharing Impact of IOE Services Loan  Operations Treasury NET  INCOME
30 3Q08 Expenses Breakdown Expenses (R$ mi) 3Q08 2Q08 Chg.(%) 3Q07 Chg.(%) 9M08 9M07 Chg.(%) Personnel (17.6)          (16.0)          10.0           (12.5)          41.0           (47.4)          (32.4)          46.2           Other administrative expenses (9.4)            (8.3)            14.1           (7.3)            29.3           (25.3)          (35.2)          (28.1)          Comissions ‐ Payroll deductible (2.9)            (2.6)            10.6           (0.8)            259.5         (7.6)            (1.6)            373.5         Profit Sharing (14.0)          (11.9)          17.3           (4.5)            210.3         (40.8)          (11.5)          254.8         Taxes (0.8)            (0.7)            13.3           (1.0)            (20.0)          (2.3)            (3.0)            (23.1)          Total          (44.7)          (39.5)            13.1           (26.1)            71.3         (123.4)          (83.7)           47.4  3Q08 2Q08 Chg.(%) 3Q07 Chg.(%) 9M08 9M07 Chg.(%) Associates 514             483             31               380             134             514             380             134             Front‐Office 195             178             17                           118  77               195                         118  77               Back‐Office 319             305             14                           262  57               319                         262  57              
31 Wholesale + Large Middle Middle Market Payroll Deductible Past Due (> 91 days) Credit Portfolio* R$ Mi 4,165.8 942.7 220.8 Write off 1.1 1.4 0.3 5,329.3 2.8 0.0% 0.1% 0.1% 0.1% 4.3 13.1 0.9 18.3 0.1% 1.4% 0.4% 0.3%*Excluding Guarantees. Total % PortfolioR$ Mi % PortfolioR$ Mi Credit Portfolio Data 3Q08
32 Disclaimer The material that follows is a presentation of general background information about Banco ABC Brasil S.A. ( “Banco ABC” or the “Bank”) as of the date of the presentation. It is information in summary form and does not purport to be complete. No representation or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of this information. This presentation may contain certain forward-looking statements and information relating to Banco ABC that reflect the current views and/or expectations of the Bank and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like “believe,” “anticipate,” “expect,” “envisages,” “will likely result,” or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. In no event, neither the Bank nor any of its affiliates, directors, officers, agents or employees shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or similar damages. Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the United States Securities Act of 1933. Any offering of securities to be made in the United States will be made solely by means of an offering circular that may be obtained from the placement agents or the underwriters. Such offering circular will contain, or incorporate by reference, detailed information about Banco ABC and its business and financial results, as well as its financial statements. This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities. Neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. The market and competitive position data, including market forecasts, used throughout this presentation was obtained from internal surveys, market research, publicly available information and industry publications. Although we have no reason to believe that any of this information or these reports are inaccurate in any material respect, we have not independently verified the competitive position, market share, market size, market growth or other data provided by third parties or by industry or other publications. Banco ABC, the selling shareholders, the placement agents and the underwriters do not make any representation as to the accuracy of such information. This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part without Banco ABC’s prior written consent.

More Related Content

PDF
2 q11 investor presentation
byBancoABCRI
 
PDF
2 q11 conference call presentation
byBancoABCRI
 
PDF
Banco ABC - 2007 Apimec Presentation
byBanco ABC Brasil
 
PDF
4 q11 investor presentation
byBancoABCRI
 
PDF
3 q12 investor presentation
byBancoABCRI
 
PDF
3 q11 investor presentation
byBancoABCRI
 
PDF
1 q11 investor presentation
byBancoABCRI
 
PDF
WEG Q4 2012 Conference Call
byWEG
 
2 q11 investor presentation
byBancoABCRI
 
2 q11 conference call presentation
byBancoABCRI
 
Banco ABC - 2007 Apimec Presentation
byBanco ABC Brasil
 
4 q11 investor presentation
byBancoABCRI
 
3 q12 investor presentation
byBancoABCRI
 
3 q11 investor presentation
byBancoABCRI
 
1 q11 investor presentation
byBancoABCRI
 
WEG Q4 2012 Conference Call
byWEG
 

What's hot

PDF
Conference Call 4Q17
byItauRI
 
PPTX
June 2012 results
bywgjlubbe
 
PDF
3m Presentation 2006 1st
byfinance10
 
PPTX
Dec 2012 results
bywgjlubbe
 
PDF
Hyundai card ir material (fy 2016 1 q) en
byHyundai Finance
 
PDF
15676 banc abc afs
byMarius Nel
 
PDF
Earnings Release 1 Q07
byProfarma
 
PDF
Dec 2009 results
bywgjlubbe
 
PDF
SANTANDER CHILE-SANTANDER INVESTOR DAY 2011
byBANCO SANTANDER
 
PPTX
June 2011 results
bywgjlubbe
 
PDF
Abch brochure june 09 final
bywgjlubbe
 
PDF
BancABC Consolidated financial statements for the year ended 31 DECEMBER 2015
bywgjlubbe
 
PDF
Earnings Release 3 Q07
byProfarma
 
PDF
2010 Investors' Meeting Presentation - São Paulo
byKianne Paganini
 
PDF
First Quarter 2006 Earnings Presentation
byQuarterlyEarningsReports3
 
PDF
Earnings Release 1Q08 Presentation
byProfarma
 
PDF
JPMorgan Chase Third Quarter 2008 Financial Results Conference Call Investor ...
byfinance2
 
PDF
Earnings Release 1 Q09
byProfarma
 
Conference Call 4Q17
byItauRI
 
June 2012 results
bywgjlubbe
 
3m Presentation 2006 1st
byfinance10
 
Dec 2012 results
bywgjlubbe
 
Hyundai card ir material (fy 2016 1 q) en
byHyundai Finance
 
15676 banc abc afs
byMarius Nel
 
Earnings Release 1 Q07
byProfarma
 
Dec 2009 results
bywgjlubbe
 
SANTANDER CHILE-SANTANDER INVESTOR DAY 2011
byBANCO SANTANDER
 
June 2011 results
bywgjlubbe
 
Abch brochure june 09 final
bywgjlubbe
 
BancABC Consolidated financial statements for the year ended 31 DECEMBER 2015
bywgjlubbe
 
Earnings Release 3 Q07
byProfarma
 
2010 Investors' Meeting Presentation - São Paulo
byKianne Paganini
 
First Quarter 2006 Earnings Presentation
byQuarterlyEarningsReports3
 
Earnings Release 1Q08 Presentation
byProfarma
 
JPMorgan Chase Third Quarter 2008 Financial Results Conference Call Investor ...
byfinance2
 
Earnings Release 1 Q09
byProfarma
 

Viewers also liked

PDF
3 q10 investor presentation
byBancoABCRI
 
PPS
Estado... embarazoso España, elecciones de 2015
byAutocracia2
 
PPTX
billeder landbrug
byisiglad
 
PDF
Apresentação apimec 2007
byBancoABCRI
 
PPTX
Treasure hunt presentation for schools
byLaura Lee Phillips
 
PDF
EXAMINING WHETHER IMPLICIT OR EXPLICIT TEACHING IS BETTER IN SECOND LANGUAGE ...
byInternational Journal of Technical Research & Application
 
PPT
Enhancing Value
byStuart M. Moss
 
PPTX
ACTIVIDAD GRUPAL 6
byamileg3
 
PPT
Teorias de aprendizaje que sustentan las TICs
byUEN Dr. Luis Beltrán Prieto Figueroa
 
PPTX
Componentes de un proyecto
bycolegio san jose
 
DOCX
EDU 673 Week 3 Journal 2015 version
bycoitoabbot
 
DOCX
Uji statistik
byZahry Bayu
 
PPT
El internet
byKatheriiin
 
PDF
Bab 1 php koneksi php ke mysql
byDeka M Wildan
 
PPTX
Javier garcía,. yo mi región mi cultura
byenriqueleo22
 
PDF
Accreditation
byRadboudumc REshape Center for Innovation
 
3 q10 investor presentation
byBancoABCRI
 
Estado... embarazoso España, elecciones de 2015
byAutocracia2
 
billeder landbrug
byisiglad
 
Apresentação apimec 2007
byBancoABCRI
 
Treasure hunt presentation for schools
byLaura Lee Phillips
 
EXAMINING WHETHER IMPLICIT OR EXPLICIT TEACHING IS BETTER IN SECOND LANGUAGE ...
byInternational Journal of Technical Research & Application
 
Enhancing Value
byStuart M. Moss
 
ACTIVIDAD GRUPAL 6
byamileg3
 
Teorias de aprendizaje que sustentan las TICs
byUEN Dr. Luis Beltrán Prieto Figueroa
 
Componentes de un proyecto
bycolegio san jose
 
EDU 673 Week 3 Journal 2015 version
bycoitoabbot
 
Uji statistik
byZahry Bayu
 
El internet
byKatheriiin
 
Bab 1 php koneksi php ke mysql
byDeka M Wildan
 
Javier garcía,. yo mi región mi cultura
byenriqueleo22
 
Accreditation
byRadboudumc REshape Center for Innovation
 

Similar to Ir presentation 3rd quarter 2008

PDF
2007 apimec presentation
byBancoABCRI
 
PDF
2 q12 investor presentation
byBancoABCRI
 
PDF
4 q12 investor presentation
byBancoABCRI
 
PDF
1 q13 investor presentation
byBancoABCRI
 
PDF
Presentation bib 2016.12
bybanco_industrial
 
PDF
2 q13 investor presentation
byBancoABCRI
 
PDF
2 q08 conference call presentation
byBancoABCRI
 
PDF
Abc brasil investor_presentation2q13_eng
byBancoABCRI
 
PDF
Corporate Presentation - December 2017
bybancoindustrialri
 
PDF
1 q12 investor presentation
byBancoABCRI
 
PDF
4 q10 investor presentation
byBancoABCRI
 
PDF
Abc brasil fact_sheet2q13_eng
byBancoABCRI
 
PDF
3 q08 conference call presentation
byBancoABCRI
 
PDF
1 q08 conference call presentation
byBancoABCRI
 
PDF
2Q10 Institutional Presentation
byKianne Paganini
 
PDF
Banco ABC - IR Presentation - 3rd Quarter 2008
byBanco ABC Brasil
 
PDF
4 q11 conference call presentation
byBancoABCRI
 
PDF
1 q12 conference call presentation
byBancoABCRI
 
PDF
Institutional4Q15
byPaula Coelho
 
PDF
4 q09 conference call presentation
byBancoABCRI
 
2007 apimec presentation
byBancoABCRI
 
2 q12 investor presentation
byBancoABCRI
 
4 q12 investor presentation
byBancoABCRI
 
1 q13 investor presentation
byBancoABCRI
 
Presentation bib 2016.12
bybanco_industrial
 
2 q13 investor presentation
byBancoABCRI
 
2 q08 conference call presentation
byBancoABCRI
 
Abc brasil investor_presentation2q13_eng
byBancoABCRI
 
Corporate Presentation - December 2017
bybancoindustrialri
 
1 q12 investor presentation
byBancoABCRI
 
4 q10 investor presentation
byBancoABCRI
 
Abc brasil fact_sheet2q13_eng
byBancoABCRI
 
3 q08 conference call presentation
byBancoABCRI
 
1 q08 conference call presentation
byBancoABCRI
 
2Q10 Institutional Presentation
byKianne Paganini
 
Banco ABC - IR Presentation - 3rd Quarter 2008
byBanco ABC Brasil
 
4 q11 conference call presentation
byBancoABCRI
 
1 q12 conference call presentation
byBancoABCRI
 
Institutional4Q15
byPaula Coelho
 
4 q09 conference call presentation
byBancoABCRI
 

More from BancoABCRI

PDF
Abc brasil fact_sheet2t13_port
byBancoABCRI
 
PDF
Abc brasil apresentacao_institucional2t13_port
byBancoABCRI
 
PDF
Apresentação de resultados do 2 t07
byBancoABCRI
 
PDF
Apresentação de resultados do 3 t07
byBancoABCRI
 
PDF
4 q07 conference call presentation
byBancoABCRI
 
PDF
Apresentação de resultados do 4 t07
byBancoABCRI
 
PDF
Apresentação de resultados do 1 t08
byBancoABCRI
 
PDF
Apresentação de resultados do 2 t08
byBancoABCRI
 
PDF
Apresentação de resultados do 3 t08
byBancoABCRI
 
PDF
4 q08 conference call presentation
byBancoABCRI
 
PDF
Apresentação de resultados do 4 t08
byBancoABCRI
 
PDF
1 q09 conference call presentation
byBancoABCRI
 
PDF
Apresentação de resultados do 1 t09
byBancoABCRI
 
PDF
2 q09 conference call presentation
byBancoABCRI
 
PDF
Apresentação de resultados do 2 t09
byBancoABCRI
 
PDF
3 q09 conference call presentation
byBancoABCRI
 
PDF
Apresentação de resultados do 3 t09
byBancoABCRI
 
PDF
Apresentação de resultados do 3 t09
byBancoABCRI
 
PDF
Apresentação de resultados do 4 t09
byBancoABCRI
 
PDF
1 q10 conference call presentation
byBancoABCRI
 
Abc brasil fact_sheet2t13_port
byBancoABCRI
 
Abc brasil apresentacao_institucional2t13_port
byBancoABCRI
 
Apresentação de resultados do 2 t07
byBancoABCRI
 
Apresentação de resultados do 3 t07
byBancoABCRI
 
4 q07 conference call presentation
byBancoABCRI
 
Apresentação de resultados do 4 t07
byBancoABCRI
 
Apresentação de resultados do 1 t08
byBancoABCRI
 
Apresentação de resultados do 2 t08
byBancoABCRI
 
Apresentação de resultados do 3 t08
byBancoABCRI
 
4 q08 conference call presentation
byBancoABCRI
 
Apresentação de resultados do 4 t08
byBancoABCRI
 
1 q09 conference call presentation
byBancoABCRI
 
Apresentação de resultados do 1 t09
byBancoABCRI
 
2 q09 conference call presentation
byBancoABCRI
 
Apresentação de resultados do 2 t09
byBancoABCRI
 
3 q09 conference call presentation
byBancoABCRI
 
Apresentação de resultados do 3 t09
byBancoABCRI
 
Apresentação de resultados do 3 t09
byBancoABCRI
 
Apresentação de resultados do 4 t09
byBancoABCRI
 
1 q10 conference call presentation
byBancoABCRI
 

Recently uploaded

PDF
"Excel Tips by CA Suvidha Chaplot: Master Excel Functions with Easy-to-Follow...
byCA Suvidha Chaplot
 
DOCX
How to Choose the Best Site to Buy Facebook Ads Accounts.docx
bymarketing
 
DOCX
Buy Verified Binance Accounts with Guaranteed Security and Trust not risk .docx
bymarketing
 
PDF
Explore the 5 Best Sites for Bulk Instagram Account Sales
byJames Warne
 
PDF
Silver One Corporate Presentation February 2026
byAdnet Communications
 
PDF
Monitoring implementation of the IMF program and EU assistance (January 2026)
byІнститут економічних досліджень та політичних консультацій
 
PDF
India_Budget_2026-2027_Key_Highlights_&_Economic_Vision.pdf
byNandaKishore794440
 
DOCX
11 Best Trusted Places to Buy Verified Remitly Accounts in 2026.docx
bymarketing
 
PDF
Union Budget 2026-27: Key Highlights and Economic Reforms | CA Suvidha Chaplo...
byCA Suvidha Chaplot
 
PPTX
ONS Economic Forum Slidepack - 2 February 2026 (SlideShare).pptx
byOffice for National Statistics
 
PDF
India Budget_Speech India Budget_Speech.pdf
byssuser9d8e4e
 
PPTX
Uniqueness_of_the_planet_Earth__Lesson_Quiz.pptx
byKenneth James Alamillo
 
PDF
"Union Budget 2026-27: A Strategic Vision for India's Economic Growth and Dev...
byCA Suvidha Chaplot
 
PDF
ENVIRONMENTAL ECONOMICS AND SUSTAINABILITY.pdf
byshyamgeo
 
PDF
FESE Capital Markets Fact Sheet 2025 Q4.pdf
bysecretariat4
 
PDF
"India Budget 2026-2027: Key Economic Reforms, Growth Strategies & Fiscal Pri...
byCA Suvidha Chaplot
 
PPTX
Union_Budget_2026_27_Defence_Presentation.pptx
bycomefridaybaboon
 
PDF
SUB-SAHARAN AFRICA'S OIL SECTOR: SITUATION, DEVELOPMENTS AND PROSPECTS.pdf
byAurélie Dupassieux
 
PDF
"Customs & Excise Amendments from Budget 2026 - Key Changes Explained by CA S...
byCA Suvidha Chaplot
 
PDF
TriStar Gold Corporate Presentation - 2026.Feb.pdf
byAdnet Communications
 
"Excel Tips by CA Suvidha Chaplot: Master Excel Functions with Easy-to-Follow...
byCA Suvidha Chaplot
 
How to Choose the Best Site to Buy Facebook Ads Accounts.docx
bymarketing
 
Buy Verified Binance Accounts with Guaranteed Security and Trust not risk .docx
bymarketing
 
Explore the 5 Best Sites for Bulk Instagram Account Sales
byJames Warne
 
Silver One Corporate Presentation February 2026
byAdnet Communications
 
Monitoring implementation of the IMF program and EU assistance (January 2026)
byІнститут економічних досліджень та політичних консультацій
 
India_Budget_2026-2027_Key_Highlights_&_Economic_Vision.pdf
byNandaKishore794440
 
11 Best Trusted Places to Buy Verified Remitly Accounts in 2026.docx
bymarketing
 
Union Budget 2026-27: Key Highlights and Economic Reforms | CA Suvidha Chaplo...
byCA Suvidha Chaplot
 
ONS Economic Forum Slidepack - 2 February 2026 (SlideShare).pptx
byOffice for National Statistics
 
India Budget_Speech India Budget_Speech.pdf
byssuser9d8e4e
 
Uniqueness_of_the_planet_Earth__Lesson_Quiz.pptx
byKenneth James Alamillo
 
"Union Budget 2026-27: A Strategic Vision for India's Economic Growth and Dev...
byCA Suvidha Chaplot
 
ENVIRONMENTAL ECONOMICS AND SUSTAINABILITY.pdf
byshyamgeo
 
FESE Capital Markets Fact Sheet 2025 Q4.pdf
bysecretariat4
 
"India Budget 2026-2027: Key Economic Reforms, Growth Strategies & Fiscal Pri...
byCA Suvidha Chaplot
 
Union_Budget_2026_27_Defence_Presentation.pptx
bycomefridaybaboon
 
SUB-SAHARAN AFRICA'S OIL SECTOR: SITUATION, DEVELOPMENTS AND PROSPECTS.pdf
byAurélie Dupassieux
 
"Customs & Excise Amendments from Budget 2026 - Key Changes Explained by CA S...
byCA Suvidha Chaplot
 
TriStar Gold Corporate Presentation - 2026.Feb.pdf
byAdnet Communications
 

Ir presentation 3rd quarter 2008

  • 1.
  • 2.
    2 Participants 7 years atABC Brasil Alexandre Sinzato IR Manager Sérgio Lulia Jacob Executive VP & IR Officer Tito Enrique da Silva CEO and Member of the Board of Directors 17 years at ABC Brasil, 39 years in banking 17 years at ABC Brasil, 25 years in banking 17 years at ABC Brasil, 20 years in banking Anis Chacur Deputy CEO
  • 3.
    3 . Who weare . Business Segments . Competition . Financial Highlights . Conclusion . Appendix
  • 4.
    4 IPO 1989 1991 19972005 2006 20082007 Arab Banking Corporation and local management acquire Roberto Marinho Group´s shares Current management starts running the bank The bank´s name changes to Banco ABC Brasil S.A. The bank structures its Middle Market operations Arab Bank Corporation and Roberto Marinho Group jointly initiate Banco ABC Roma SA, acting in the segments of corporate lending, trade finance and treasury History in Brazil
  • 5.
    5 R$ million. 1. Includingguarantees. Credit Portfolio1 Middle Market Payroll Deductible Wholesale & Large Middle 3.2% Large Middle > R$250 Mi + Wholesale Middle Market R$30 – 250 Mi Sector Annual revenues •Strong focus on providing loans and structured products to mid-sized and large companies. •Expertise in corporate credit risk analysis with remarkably low historical losses. •Wide range of credit products. •Winning combination of a strong controlling shareholder and an independent local Management team. Focus in Corporate Credit 71.5% 37.8% 100% 94% 88.5% 86.3% 6% 11% 11,8% 2004 2005 2006 2007 2,011 2,605 2,911 4,992CAGR = 38.8% 14.2% 6,879 9M08 82.6%0.5% 1.9%
  • 6.
    6 Controlling Shareholder International bank headquarteredin Bahrain Listed in the Bahrain stock exchange Present in 21 countries Main shareholders • Abu Dhabi Investment Authority – 27.6% • Kuwait Investment Authority – 29.7% • Central Bank of Libia – 29.5% Total Assets: US$ 30,433 Mi Shareholders´ Equity: US$ 2,111 Mi Ratings: BBB+ A3BBB+ Independent management • Agile decision making process Successful track record • Outstanding performance in corporate credit Strong controlling shareholder • Access to attractive funding Local Global Aaa.Br Baa2 AA- BB+ (*) * Local Currency Deposits Ratings High Rating Sep 2008
  • 7.
    7 Local Management 14.4% ABC (BSC) 85.6% Voting Capital ABC(BSC) 56.4% Local Management 9.5% Associates 1.4% Free Float 32.7% Total Capital Shareholders´ Equity (R$ Mi) and Basel Index (%) 1,083 483 19.20% 26.70% 13.60% 1,159 16.70% 2Q07 3Q07 2Q08 3Q08 Ownership Structure 1,132
  • 8.
    8 . Who weare . Business Segments . Competition . Financial Highlights . Conclusion . Appendix
  • 9.
    9 66.5% Wholesale Companies with annualrevenues over R$ 2 billion Large Middle Companies with annual revenues ranging from R$ 250 million to R$ 2 billion 341 352 317 7.3 9.2 10.1 387 466 529 2006 2007 3Q08 Duration (days) Average Ticket (R$ Mi) Clients São Paulo ‐ Capital 38.7% South 12.9% Rio de Janeiro 12.6% São Paulo ‐ Countryside 33.3% Minas Gerais +  Northeast 2.6% CAGR = 31.89 % 1,590 428 1,873 585 2,020 567 3,216 1,093 4,166 1,513 2004 2005 2006 2007 3T08 R$ million 2,011 2,458 2,587 4,309 5,678 LoansGuarantees 31.8% Wholesale & Large Middle
  • 10.
    10 Strengths Strong relationship withclients. Expertise in credit analysis. Focused and agile operation. Wide range of products. Access to competitive funding. Opportunities Increase of margins as a consequence of global liquidity constraints. Expansion in investments in infraestructure in Brazil. Banks´ M&A. Weaknesses Retail funding. Capital base. Threats Increase of delinquency ratios as consequence of global economic crisis. Increase of bank regulation, restricting products and increasing capital requirements. Wholesale & Large Middle
  • 11.
    11 Middle Market Companies withannual revenues ranging from R$ 30 million to R$ 250 million R$ million 309.2 587.2 2006 20072005 89.9% 3T08 979.9 66.9% 146.4 100% 100% 87.7% 71.7% 8,8% 4.1% 11% 9.2% 4.3% 5.8% 118 181 193 1.4 1.9 2.4 241 311 409 2006 2007 3Q08 Geographical Distribution Credit Portfolio CAGR = 99.63 % Duration (days) Average Ticket (R$ Mi) Clients SP Countryside São Paulo Minas Gerais South Rio
  • 12.
    12 Middle Market Strengths Focused andagile operation. Experienced work force with strong ties to key clients. Access to competitive funding. Opportunities Banks´ M&A. Operation not yet fully deployed leaving room for further growth in untapped clients. Expansion to other developed SME regional markets. Weaknesses Distribution channel. Threats Increase of delinquency ratio as consequence of global economic crisis.
  • 13.
    13 Credit portfolio inSeptember 2008: R$220 mi Agreements: INSS 20.6% / others 79.4% Pricing & Asset Liability Management Proprietary Trading Corporate and Sovereign Bonds Interest Rates FX Hedge & Derivatives Average V@R 3Q08 : R$4.3 Million M&A Treasury Investment Banking Payroll Deductible Other Activities
  • 14.
    14 US$ 70.000.000 7 YearsSyndicated Pre-Export Facility Arrangers & Lenders MMX Mineração e Metálicos S.A. Lender US$ 70.000.000 7 Years Syndicated Pre-Export Facility Arrangers & Lenders MMX Mineração e Metálicos S.A. Lender Local Market FIDC Debentures Promissory Notes Offshore Structured Trade Finance Capital Markets Other Activities
  • 15.
    15 . Who weare . Business Segments . Competition . Financial Highlights . Conclusion . Appendix
  • 16.
    16 8 biggest banks 87,7 Other 8,7 IPOedmid-sized banks 3,1 ABC Brasil 0,5 Credit Sector in Brazil Banks participation in Credit Sector (total) Credit Operations evolution (non-earmarked) Corporate – R$ Mi 212,976 260,363 343,250 444,849 2005 2006 2007 Sep/08 CAGR = 27.2% Credit as % GPD - (total) 28.1% 30.7% 34.7% 39.1% 2005 2006 2007 Sep/08 * Source: Central Bank of Brazil 179,355 2004 26.9% 2004 * Fonte: BACEN Set/08 % % % % Ranking Bank % 1 Itaú + Unibanco 22,9% 2 BB + Nossa Caixa 18,5% 3 ABN + Santander 17,6% 4 Bradesco 13,9% 5 Caixa Econômica 5,6% 6 HSBC 3,3% 7 Votorantim 2,9% 8 Safra 2,8%
  • 17.
    17 How We SeeCompetition Our sophisticated and diversified product portfolio allows us to benefit from an untapped demand in our market niche Large CorporateLarge-MiddleMiddle Client Size1 2,000+ 250- 2,000 30-250 Clients NeedsHow We See Competition? Individuals Consumer Industry Supply Product Sophistication Products Onshore / Offshore loans Guarantees Debt capital markets FIDC / securitization Structured trade finance Structured project finance Hedge and derivatives Loans (working capital, revolving credit) Advances on receivables Trade finance Guarantees Untapped DemandUntapped Demand Onshore / Offshore loans Guarantees Debt capital markets FIDC / securitization Structured trade finance Structured project finance Hedge and derivatives Payroll deductible loans LEGEND: High Mid-High Medium Low# de clientes potenciais
  • 18.
    18 . Who weare . Business Segments . Competition . Financial Highlights . Conclusion . Appendix
  • 19.
    19 D - H0.6% AA - C 99.4% R$ 34.6 Mi R$ 5,294.7 Mi PDD – % loan portfolio (Sep 08) 0.7% 2.2% 1.9% 1.1% Wholesale + Large Middle Middle Market Payroll Deductible TOTAL High Quality of Credit Portfolio 20012002 2003 2004 2005 2006 2007 0.1% 0.7% 1.2% 0.0% 0.0% 0.2% 1.8% 2.7% 1.6% 1.2% 1.4% 1.0% Sep 08 0.1% 1.1% Losses / Portfolio % Provision / Portfolio %
  • 20.
    20 R$ million Financial Highlights Funding 25.0%22.1% 25.0% 28.3% 23.3% 24.4% 20.2% 19.0% 22.4% 19.5%13.4% 11.3% 10.5% 10.3% 9.2% 1.8% 2.4% 2.5% 2.7% 7.4% 35.4% 44.0% 43.0% 36.3% 40.6% Sep 2007 Dec 2007 Mar 2008 Jun 2008 Sep 2008 3,164.6 3,841.3 4,354.3 4,819.4 5,459.3 Corporate Institutional BNDES International Local Individuals
  • 21.
    21 Financial Highlights 5.5% 6.6% 6.4% 3Q072Q08 3Q08 37.4 35.1 35.8 3Q07 2Q08 3Q08 NIM – % Efficiency Ratio – % 4Q07 1Q08 39.2 38.86.7% 4Q07 6.4% 1Q08 23.3 48.4 43.4 3Q07 2Q08 3Q08 10.1% 15.5% 16.9% 3Q07 2Q08 3Q08 CAGR = 107.7% Net Income (R$ Mi) ROAE (%)
  • 22.
    22 . Who weare . Business Segments . Competition . Financial Highlights . Conclusion . Appendix
  • 23.
    23 Proven Track Record Growthdespite avderse economic conditions Mexican Crisis Credit Portfolio 1996 2000 2001 20032002199919981997 2004 2005 2006 2007 Asian Crisis Russian Crisis Devaluation of R$ “Apagão” September 11th Argentinean Crisis Presidential Elections of Lula Banco Santos Bankruptcy 0.33% 0.39% 0.10% 0.02%0.00% 0.02% 0.06% 0.67% 0.00% 0.02% 0.06% 1.09%371 727 640 1,095 1,619 2,452 2,061 1,749 2,011 2,605 2,911 4,992 Loses / Credit Portfolio (R$ million) Sep08 0.06% 6,879 1.2% 0.39% 0.7%
  • 24.
    24 • Controlling Shareholder´ssupport brings liquidity comfort. • Management commitment strengthened by a 9.5% stake in the bank. • Expertise in credit analysis. • Competitive Efficiency Ratio. • Wide range of products. • Increase of middle market participation in the portfolio. • Banks´ M&A. • Increase of margins as a consequence of global liquidity constraints. • Distribution channel. • Wholesale funding concentration. • Global crisis consequences in Brazilian economy. • Increase of bank regulation, restricting products and increasing capital requirements. SWOT Analysis - Banco ABC Brasil Strengths Weaknesses Opportunities Threats
  • 25.
    25 Contacts Investor Relations Sergio LuliaJacob – Executive VP & IR Officer Alexandre Sinzato – IR Manager Eduardo Randich – IR Analyst Henrique Mendonca – IR Analyst Web Site: www.abcbrasil.com.br/ri Email: ri@abcbrasil.com.br Phone: +55 (11) 3170 2186
  • 26.
    26 . Who weare . Business Segments . Competition . Financial Highlights . Conclusion . Appendix
  • 27.
    27 Corporate Structure CEO Tito Enriqueda Silva Neto Deputy CEO Anis Chacur Neto Credit Large Risk Management Credit Middle Legal CFO/COO Sergio Borejo Commercial Middle Market VP Gustavo A. Lanhoso Treasury and IR VP Sergio Lulia Jacob Commercial Corporate VP Jose Eduardo C. Laloni Auditing Committee Internal Auditing Credit Group Bahrein BOARD
  • 28.
    28 3Q08 Net IncomeBreakdown *Including the Opportunity Cost (CDI x Average Equity) in 3Q08: R$ 32.2 mi; 2Q08: R$ 30.3 mi; in 3Q07: R$ 24.0 mi. ** Treasury Results already adjusted with the effect of foreign exchange variation on Offshore Investments. *** Taxes already adjusted with the impact generated by the foreign exchange variation on Offshore Investments. Net Interest  Income Other Operating  Expenses Income Tax and  Social  Contribution Profit Sharing Impact of IOE Services Loan  Operations Treasury NET  INCOME 88.8 (27.8) (13.9) (22.2) 105.4 7.0 (15.2) 4.5 12.1 48.4 ResultS (R$ mi) 3Q08 2Q08 Chg.(%) 3Q07 Chg.(%) 9M08 9M07 Chg.(%) Credit* 100.1             86.4                15.8                         57.8  73.1                          259.4           141.3  83.6            PDD (11.3)              (6.5)                 73.8                         (4.8) 135.3                         (25.7)           (10.0) 157.0          Services                12.1                 10.8  12.0                           9.3  30.1                            32.0              29.9  7.0              Treasury ** 4.5                  9.8                  (54.5)                        (0.8) (656.9)                         28.3              23.2  21.8            Operational Revenues              105.3               100.5                 4.8              61.5               71.3               293.9           184.4             59.4  Other Income / Expenses (27.8)              (27.8)              (0.1)              (21.4)           29.8             (79.1)              (80.6)           (1.9)             Profit Sharing (14.0)              (11.9)              17.3                         (4.5) 210.3           (40.8)              (11.5)           254.8          Taxes ***               (15.2)               (17.4) (12.6)                      (12.3) 23.6             (44.3)                        (24.6) 80.0            Net Income                48.4                 43.4               11.5              23.3             107.7               129.8              67.7             91.7 
  • 29.
    29 233.7 (79.1) (40.8) (63.4) 293.9 19.1 (44.3) 28.3 32.0 129.8 9M08 NetIncome Breakdown Net Interest  Income Other Operating  Expenses Income Tax and  Social  Contribution Profit Sharing Impact of IOE Services Loan  Operations Treasury NET  INCOME
  • 30.
    30 3Q08 Expenses Breakdown Expenses (R$ mi)3Q08 2Q08 Chg.(%) 3Q07 Chg.(%) 9M08 9M07 Chg.(%) Personnel (17.6)          (16.0)          10.0           (12.5)          41.0           (47.4)          (32.4)          46.2           Other administrative expenses (9.4)            (8.3)            14.1           (7.3)            29.3           (25.3)          (35.2)          (28.1)          Comissions ‐ Payroll deductible (2.9)            (2.6)            10.6           (0.8)            259.5         (7.6)            (1.6)            373.5         Profit Sharing (14.0)          (11.9)          17.3           (4.5)            210.3         (40.8)          (11.5)          254.8         Taxes (0.8)            (0.7)            13.3           (1.0)            (20.0)          (2.3)            (3.0)            (23.1)          Total          (44.7)          (39.5)            13.1           (26.1)            71.3         (123.4)          (83.7)           47.4  3Q08 2Q08 Chg.(%) 3Q07 Chg.(%) 9M08 9M07 Chg.(%) Associates 514             483             31               380             134             514             380             134             Front‐Office 195             178             17                           118  77               195                         118  77               Back‐Office 319             305             14                           262  57               319                         262  57              
  • 31.
    31 Wholesale + LargeMiddle Middle Market Payroll Deductible Past Due (> 91 days) Credit Portfolio* R$ Mi 4,165.8 942.7 220.8 Write off 1.1 1.4 0.3 5,329.3 2.8 0.0% 0.1% 0.1% 0.1% 4.3 13.1 0.9 18.3 0.1% 1.4% 0.4% 0.3%*Excluding Guarantees. Total % PortfolioR$ Mi % PortfolioR$ Mi Credit Portfolio Data 3Q08
  • 32.
    32 Disclaimer The material thatfollows is a presentation of general background information about Banco ABC Brasil S.A. ( “Banco ABC” or the “Bank”) as of the date of the presentation. It is information in summary form and does not purport to be complete. No representation or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of this information. This presentation may contain certain forward-looking statements and information relating to Banco ABC that reflect the current views and/or expectations of the Bank and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like “believe,” “anticipate,” “expect,” “envisages,” “will likely result,” or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. In no event, neither the Bank nor any of its affiliates, directors, officers, agents or employees shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or similar damages. Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the United States Securities Act of 1933. Any offering of securities to be made in the United States will be made solely by means of an offering circular that may be obtained from the placement agents or the underwriters. Such offering circular will contain, or incorporate by reference, detailed information about Banco ABC and its business and financial results, as well as its financial statements. This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities. Neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. The market and competitive position data, including market forecasts, used throughout this presentation was obtained from internal surveys, market research, publicly available information and industry publications. Although we have no reason to believe that any of this information or these reports are inaccurate in any material respect, we have not independently verified the competitive position, market share, market size, market growth or other data provided by third parties or by industry or other publications. Banco ABC, the selling shareholders, the placement agents and the underwriters do not make any representation as to the accuracy of such information. This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part without Banco ABC’s prior written consent.