2009 LATIN AMERICA EQUITY RESEARCH BANKING FIELD TRIP

Transcription

1 2009 LATIN AMERICA EQUITY RESEARCH BANKING FIELD TRIP

2 Service Network Banrisul Network Branches 432 Rio Grande do Sul 397 Santa Catarina 18 Other States 15 Exterior 2 Services Posts 277 Eletronic Sales Point 451 Total Banking Services 1,160 Municipalities of Rio Grande do Sul 496 Municipalities with Branches Banrisul 294 Municipalities with Banking Sevices Banrisul 116 Municipalities of Rio Grande do Sul with Services Banrisul 410 Service Range of Rio Grande do Sul 82.66% Participation of Population of State Range 97.73% Participation of GDP of State Range 98.38% 2

3 Market Share Rio Grande do Sul Index State of Rio Grande do Sul Competitive Market of Rio Grande do Sul Dec/2007 Dec/2008 Jul/2009 State of Rio State of Rio Banrisul % Grande do Banrisul % Grande do Sul Sul Banrisul % Total Deposits (Million) 54,621 12, % 65,024 13, % 70,335 14, % Time Deposits (Million) 18,917 5, % 27,098 7, % 30,496 8, % Saving Deposits (Million) 20,078 4, % 22,334 4, % 24,446 4, % Demand Deposits (Million) 8,891 1, % 7,951 1, % 7,461 1, % Credit Operations (Million) 46,844 6, % 55,778 9, % 58,409 10, % Number of Branches 1, % 1, % 1, % Source: Central Bank of Brazil-Sisbacen 3

4 National Position Index Dec/2005 Dec/2006 Dec/2007 Dec/2008 Jun/2009 Total Assets 15º 14º 14º 12º 11º Stockholders' Equity 19º 18º 14º 13º 13º Net Income 13º 14º 13º 13º 11º Total Deposits 12º 12º 11º 10º 9º Number of Branches 10º 10º 10º 8º 7º Source: 50 largest Banks - Central Bank of Brazil 4

5 Ownership Breakdown Banrisul Foundation; 0.22% Voting Capital Free Float; 0.17% Social Security Institute of the State of Rio Grande do Sul; 0.02% Total Capital ON % PNA - 1.0% PNB % State of Rio Grande do Sul; 99.59% Main Controller: 99.9% of Voting Capital Banrisul Foundation; 0.15% Social Security Institute of the State of Rio Grande do Sul; 0.05% Free Float; 42.83% State of Rio Grande do Sul; 56.97% Main Controller: 56.97% of Total Capital 5

6 Shareholding per Shareholder (PNB) 80% In % 70% 60% 50% 40% 30% 20% 10% 0% Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Foreign Investor 76.4% 72.9% 67.7% 67.1% 64.5% Domestic Investor (non-individual) 9.0% 11.9% 17.2% 17.6% 20.5% State of Rio Grande do Sul 13.0% 13.0% 13.0% 13.0% 13.0% Domestic Investor (Individual) 1.6% 2.2% 2.1% 2.2% 2.0% 6

7 Shareholder Profile (PNB) 100% In % 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Domestic Investor (Individual) 87.2% 86.7% 84.3% 82.3% 81.0% Foreign Investor 7.9% 8.1% 9.2% 9.8% 9.7% Domestic Investor (non-individual) 4.9% 5.2% 6.4% 7.9% 9.3% State of Rio Grande do Sul 0.0% 0.0% 0.0% 0.0% 0.0% 7

8 Average Shareholding per Shareholder (PNB share) 27,500,000 25,000,000 22,500,000 20,000,000 17,500,000 15,000,000 12,500,000 10,000,000 7,500,000 5,000,000 2,500,000 0 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 State of Rio Grande do Sul 26,086,957 26,086,957 26,086,957 26,086,957 26,086,957 Foreign Investor 783, , , , ,459 Domestic Investor (non-individual) 147, , , , ,337 Domestic Investor (Individual) 1,440 1,848 1,839 1,957 1,784 8

9 Average Shareholding per Shareholder (PNB share) 800, , , , , , , ,000 0 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Foreign Investor 783, , , , ,459 Domestic Investor (non-individual) 147, , , , ,337 Domestic Investor (Individual) 1,440 1,848 1,839 1,957 1,784 9

10 Interest on Own Capital and Dividends R$ Million 10

11 Net Income R$ Million 11

12 Shareholders Equity R$ Million 12

13 ROE In % 13

14 Basel Ratio In % 14

15 Total Assets R$ Million 15

16 Securities R$ Million 16

17 Consolidated Cash and Cash Equivalent Breakdown R$ Million Consolidated Cash and Cash Equivalent Breakdown (R$ Million) Sep09 Jun09 Mar09 Dec08 Sep08 Cash Own Securities 9, , , , ,071.7 Linked Securities ,302.9 Linked Securities to Matched Transactions 2, , , , ,781.6 Derivatives Interbank Deposits Restricted Accounts (cash) 1, , , , ,241.7 Total 14, , , , ,

18 Credit Portfolio R$ Million 18

19 Credit Portfolio Breakdown per Activity Sector R$ Million Sep09 Jun09 Mar09 Dec08 Sep08 Private Sector 12, , , , ,736.9 Rural Industrial 2, , , , ,634.7 Commercial 1, , , , ,613.3 Other Services 1, , , , ,091.3 Individuals 5, , , , ,743.2 Housing 1, , Public Sector Government - Direct and Indirect Management Corporate - Other Services Total 12, , , , ,

20 Credit Portfolio Rating Breakdown In % 20

21 Default Ratio In % 21

22 Past Due Ratio In % 22

23 Allowance for Loan Losses In % 23

24 Cover Ratio In % 24

25 Commercial Credit Portfolio - Individuals R$ Million 25

26 Commercial Credit Portfolio - Companies R$ Million 26

27 Commercial Credit Portfolio Individuals and Companies R$ Million 27

28 Funds Raised and AUM R$ Million 28

29 Funds Raised and AUM - Breakdown R$ Million Sep09 Jun09 Mar09 Dec08 Sep08 Sep09/Jun09 Sep09/Sep08 Total Deposits 15, , , , , % 15.3% Time Deposits 8, , , , , % 14.9% Demand Deposits 1, , , , , % 13.8% Saving Deposits 5, , , , , % 15.3% Other Deposits % 221.2% Funds Under Management 5, , , , , % -6.9% Total 20, , , , , % 8.6% 29

30 Cost of Funding In % 30

31 Cost of Funding per Product R$ Million 3Q09 2Q08 2Q09 2Q08 1Q09 2Q08 4Q08 1Q09 3Q08 2Q09 Average Accumulated Average Average Accumulated Average Average Accumulated Average Average Accumulated Average Average Accumulated Average Balance Expense Cost Balance Expense Cost Balance Expense Cost Balance Expense Cost Balance Expense Cost Demand Deposits 1, , , , , Saving Deposits 5,124.4 (71.7) 1.40% 4,875.1 (70.2) 1.44% 4,786.2 (78.4) 1.64% 4,642.4 (83.0) 1.79% 4,491.7 (79.4) 1.77% Time Deposits 8,411.3 (182.3) 2.17% 8,148.4 (189.1) 2.32% 7,907.4 (211.2) 2.67% 7,564.9 (225.2) 2.98% 7,251.3 (204.5) 2.82% Interbank Deposits 76.8 (0.6) 0.80% 52.7 (0.4) 0.67% 12.2 (0.3) 12.0 (0.4) 3.12% 11.5 (0.3) 2.48% Credit Guarantee Fund Expenses 0.0 (5.7) 0.0 (5.4) 0.0 (5.3) 0.0 (5.1) 0.0 (4.9) Matched Transactions Expenses 2,504.3 (62.6) 2.50% 2,599.2 (65.6) 2.52% 2,631.7 (78.2) 2.97% 2,816.3 (106.0) 3.76% 3,003.0 (91.2) 3.04% Payable for Financial and Development Funds 2.0 (0.0) 0.49% 2.3 (0.0) 0.29% 2.3 (0.0) 1.8 (0.0) 2.0 (0.0) Investment Deposits Total Average Balance / Total Expenses 17,758.3 (322.9) 1.82% 17,289.0 (330.6) 1.91% 16,907.0 (373.5) 2.21% 16,649.1 (419.7) 2.52% 16,222.0 (380.3) 2.34% Selic 2.19% 2.39% 2.90% 3.36% 3.24% Average Cost / Selic 82.90% 79.97% 76.06% 75.00% 72.39% Cost of Time Deposits / Selic 98.81% 97.04% 91.96% 88.56% 87.07% 31

32 Revenues from Credit Operations R$ Million 32

33 Revenues from Commercial Credit Operations R$ Million 33

34 Commercial Credit Average Rates In % 34

35 Revenues from Securities R$ Million 35

36 Market Funding Expenses R$ Million 36

37 Financial Margin R$ Million 37

38 Net Interest Margin R$ Million 3Q09 2Q09 1Q09 4Q08 3Q08 Average Income Rate Average Income Rate Average Income Rate Average Income Rate Average Income Rate Balance Expense Average Balance Expense Average Balance Expense Average Balance Expense Average Balance Expense Average Interest-Earning Assets 26, , % 25, , % 23, , % 23, , % 22, , % Loan Portfolio 11, % 11, % 11, % 11, % 10, % Resales pending Settlement 5, % 5, % 4, % 4, % 4, % Money Market Investments 1, % 1, % 1, % % % Available-for-Sale Securities 1, % % % % % Held-to-Maturity Securities 3, % 3, % 3, % 4, % 3, % Interbank Deposits % % % % % Other Interest-Earning Assets Compulsories 1, % 1, % 1, % 1, % 2, % Other % % % % % Non Interest-Earning Assets 1, , , , ,044.7 Total Assets 28, , % 27, , % 26, , % 25, , % 24, , % Interest - Bearing Liabilities 21, % 20, % 19, % 18, % 17, % Domestic Interbank Deposits % % % % % Domestic Saving Deposits 5, % 4, % 4, % 4, % 4, % Domestic Time Deposits 8, % 8, % 7, % 7, % 7, % Resales pending Settlement 2, % 2, % 2, % 2, % 3, % Borrowings and Onlendings Domestic % % % % % Foreing % % % % % Other 3, % 3, % 2, % 2, % 1, % Non Interest - Bearing Liabilities 3, , , , ,192.0 Stockholders' Equity 3, , , , ,963.9 Total Liabilities 28, % 27, % 26, % 25, % 24, % Spread 2.02% 2.15% 2.11% 1.86% 1.72% NIM (Quarterly) 2.39% 2.54% 2.53% 2.47% 2.31% NIM (Yearly) 9.90% 10.55% 10.53% 10.27% 9.58% 38

39 Revenues from Services R$ Million 39

40 Personnel Expenses and Other Administrative Expenses R$ Million 40

41 Efficiency Ratio In % 41

42 Operating Cost In % 42

43 Customer Service In % 43

44 Banricompras Million 44

45 Banricompras R$ Million 45

46 Perspectives for 2009 In % Banrisul Perspectives to 2009 Revised 3Q09 As of 2Q09 CREDIT PORTFOLIO 16% to 20% 20% to 24% Commercial Credit - Individuals 37% to 42% 30% to 35% Commercial Credit - Companies 0% to 5% 15% to 20% Housing 17% to 21% 18% to 22% Provision Cost / Average Credit Portfolio 3% to 4% 4% to 5% Allowance for loan Losses / Average Credit Portifolio 9% to 10% 10% to 11% FUNDING 14% to 17% 14% to 17% Time Deposits 17% to 22% 20% to 25% Return on Average Stockholders' Equity 16% to 18% 16% to 18% Efficiency Ratio 50% to 55% 48% to 52% Net Financial Margin / Interest-Earning Assets 9% to 10% 9% to 10% 46

47 This presentation contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of BANRISUL. Th ese are merely projections and, as such, are based exclusively on the expectations of BANRISUL s management concerning the future of the business andits continued access to capital to fund the Company s business plan. Such forwardlooking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed inbanrisul s filed disclosure documents and are, therefore, subject to change without prior notice. 47