1 q11 conference call presentation
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Conference Call about 1st Quarter 2011 Earning Results
Sergio Lulia Jacob Alexandre Sinzato, CFAFinancial Director Vice-President Head of Investor Relations
May | 10th | 2011
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Highlights
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Net Income in 1Q11 totaled BRL 56.7 million.
Annualized Return on Equity (ROAE) reached 16,6% p.a.in 1Q11.
The credit portfolio including guarantees issued reachedBRL 11,925.6 million by the end of March 2011.
The number of clients at the end of March 2011 was 1,524.
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1,314.3 1,388.0 1,401.8 1,564.6 1,611.3
8,079.8 8,790.8 9,323.9 10,023.8 10,314.3
1Q10 2Q10 3Q10 4Q10 1Q11
Credit Portfolio
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Loan Portfolio
Total Portfolio
25.7%
2.9%
85% 86% 87% 86% 86%
14% 14% 13% 14% 14%
9,484.5 10,251.3 10,725.7 11,588.4 11,925.6
1,252.2 1,346.1 1,365.3 1,520.4 1,573.9
4,950.3 5,426.1 5,784.0 6,109.0 5,905.2
1T10 2T10 3T10 4T10 1T11
79% 79% 81% 80% 78%
20% 20% 19% 20% 22%
18.8%
-2.0%
6,293.0 6,844.6 7,149.4 7,629.5 7,479.1
BRL Million
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Business Segments
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Loan Portfolio
CorporateCompanies with annual revenues
over BRL 250 million
Loan Portfolio
MiddleCompanies with annual revenues
from BRL 30 to 250 million
8,079.8 8,790.8 9,323.9 10,023.8 10,314.3
1Q10 2Q10 3Q10 4Q10 1Q11
Total Portfolio
27.7%
2.9%
4,950.3 5,426.1 5,784.0 6,109.0 5,905.2
1Q10 2Q10 3Q10 4Q10 1Q11
1,314.3 1,388.0 1,401.8 1,564.6 1,611.3
1Q10 2Q10 3Q10 4Q10 1Q11
Total Portfolio
22.6%
3.0%
1,252.2 1,346.1 1,365.3 1,520.4 1,573.9
1Q10 2Q10 3Q10 4Q10 1Q11
19.3%
-3.3%
25.7%
3.5%
BRL Million
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1Q10 2Q10 3Q10 4Q10 1Q111Q10 2Q10 3Q10 4Q10 1Q11
Segments Highlights
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Corporate Middle Market
Exposure per
Client
Duration
(days)
Clients
9%
12%
21%
57%
9%
13%
21%
57%
8%
14%
21%
57%
10%
14%
20%
56%
10%
15%
21%
54%
8%
24%
9%
10%
49%
6%
29%
10%
10%
45%
5%
31%
10%
10%
44%
5%
29%
10%
13%
43%
8,080 8,791 9,324 10,024 10,314 1,314 1,388 1,402 1,565 1,611
346360
376 390 385256 261 257
246234
BRL Million
1Q10 2Q10 3Q10 4Q10 1Q11 1Q10 2Q10 3Q10 4Q10 1Q11
2.0 2.0 2.0 2.1 2.1
6%
27%
9%
11%
47%
Belo Horizonte
South
Rio de Janeiro
São Paulo Countryside
São Paulo Capital
12.0 12.9 13.7 14.7 16.9
675679 682 683 706
652695 717 728 818
66
Geographical Presence andExpansion Plan
RO
AC
AM
RR
PA
AP
MA
PI
CE
BA
MG
ES
RJSP
PR
SC
RS
MS
MT
GO
DF
RNPB
PE
ALSE
TO
Business Platforms
CORPORATE MIDDLE
SP Capital 3 4
SP Countryside 1 2
South 1 3
RJ 1 1
MG - 1
GO - 1
TOTAL 6 12
ABC Brasil Offices
New Middle Market Business Platforms
Middle-West
Ribeirão Preto
São Paulo IV
Presence in 19 Cities
7
Credit Portfolio Quality
7
Loan Loss Provision (% portfolio)
Write Off
Past Due (90 days)
AA-C 98.0%
D-H 2.0%
Brazilian Central BankResolution no. 2,682
0.66%
1.27%
0.95%
1.84%
2.28%
1.04%
0.69%0.60% 0.71%
0.39%0.57%
0.21%0.34%
0.64%
1.18%
0.65%0.57%
0.11% 0.17%
0.12% 0.10%0.38%
0.98%
0.52% 0.51%
0.05% 0.06%
4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11
MiddleTotalCorporate
2.30% 2.24%
4.03%
5.54%
3.65%3.33%
3.60% 3.59%
1.03% 1.05%
2.23%
2.98%
2.25%1.92% 1.62% 1.72%
0.79%0.74%
1.80%2.29%
1.83%
1.13%1.22%
4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11
Middle
Total
Corporate
0.08%
0.26%
0.13%
0.75% 0.69%
0.21%
0.50%
0.27%
0.47%
0.04%0.11%
0.04% 0.04%
0.16%
0.28%
0.09%
0.32%
0.12%0.16%
0.08% 0.10%
0.03% 0.08%0.01% 0.00%
0.13%
0.04%
0.27%
0.00%0.07% 0.03% 0.00%
4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11
Middle
Total
Corporate
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Funding
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BRL Million
1Q10 2Q10 3Q10 4Q10 1Q11
1,531.0 1,862.6 1,924.5 1,723.3 1,792.5
3,474.5 3,583.6 3,113.9 3,314.7 3,271.6
1,440.7 1,796.1 2,140.5 2,386.7 2,387.7
1,247.1 1,816.2 1,827.6 1,836.3 1,872.9
7,693.4 9,058.6 9,006.4 9,261.0 9,324.7 Total
16% 14% 14% 14% 15%
6% 6% 5% 5% Subordinated Debt
Shareholders´ Equity
19% 20% 24% 26% 26%BNDES
20% 20% 21% 19% 19% International
16% 12% 10% 11% 11%
12% 11%9% 9% 9%
9% 9%6% 6% 7%
8% 8%
10% 10% 8% Individual Investors
Financial Institutions
Institutional Investors
Corporate Investors
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Basel Index & Shareholders Equity
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BRL Million
13.3% 12.5% 12.1% 11.7% 11.6%
5.2% 4.8% 4.3% 4.1%
1Q10 2Q10 3Q10 4Q10 1Q11
Tier II
Tier I (Core Capital)
Shareholders´ Equity(BRL million)
1,247.1 1,279.1
1,312.1 1,347.9 1,384.3
Capital Adequacy (BRL million) 1Q11 4Q10 1Q10Change (%)
1Q11/4Q10
Change (%)
1Q11/1Q10
Capital 1,866.1 1,841.8 1,257.2 1.3% 48.4%
Mininum Capital Required 1,305.8 1,263.4 1,037.9 3.4% 25.8%
Capital Surplus 560.3 578.4 219.4 -3.1% 155.4%
Basel Index 15.7% 16.0% 13.3% -0.3 17.9%
Tier I (Core Capital) 11.6% 11.7% 13.3% -0.1 -12.9%
Tier II 4.1% 4.3% -0.2
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Financial Margin
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NIM (% p.a.)
BRL Million
5.7% 5.3% 5.1% 5.4% 5.6%
1Q10 2Q10 3Q10 4Q10 1Q11
1Q11 4Q10 Chg(%)/pp 1Q10 Chg(%)/pp
Net Interest Income before Loan-Loss Prov isions (LLP) 139.5 127.8 105.0
Ex change Gain/Losses effect - Cay man (2.6) (1.7) 2.0
Fiscal benefit from ex change effect - Cay man + Gov . Sec. - Abroad (1.5) 0.2 1.5
Net Interest Income - Adjusted 135.4 126.4 7.1% 108.5 24.8%
Loans (Av erage) 7,554.3 7,389.4 2.2% 5,968.9 26.6%
Other IEA (Av erage) 2,143.0 2,051.1 4.5% 1,615.1 32.7%
Av erage Interest Earning Assets 9,697.3 9,440.6 2.7% 7,584.0 27.9%
Net Interest Margin (% p.a) 5.6% 5.4% 0.2 5.7% -0.1
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Income from Services
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BRL Milion
7,4129,886
12,355 14,050 14,882 16,509 17,43619,570 20,826
2,587
3,069
3,7295,113
7,1058,119 4,947
6,9056,804
303
485
29
6342,444
1,589 459
8,1832,013
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11
Capital Markets & M&A Fees
Banking Fees
Guarantees Issued
14.0% 14.4%15.9%
17.3%
20.5% 20.1%
17.5%
23.4%
19.6%Income from Services
Total Income
Income from services rendered (BRL million) 1Q11 4Q10 Chg (%) 1Q10 Chg (%)
Guarantees issued 20.8 19.6 6.4% 14.9 39.9%
Capital Markets & M&A Fees 2.0 8.2 -75.4% 2.4 -17.6%
Banking Fees 6.8 6.9 -1.5% 7.1 -4.2%
Total 29.6 34.7 -14.5% 24.4 21.3%
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Expenses
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Efficiency Ratio
BRL Million
Expenses (BRL million) 1Q11 4Q10 Chg (%) 1Q10 Chg (%)
Personnel (26.2) (25.7) 1.9% (20.9) 24.9%
Other administrativ e ex penses (15.4) (16.1) -4.5% (14.3) 7.0%
Profit Sharing (17.6) (19.2) -8.4% (15.4) 14.0%
Total (59.1) (61.0) -3.0% (50.7) 16.5%
38.0% 37.6% 37.0% 37.9% 37.7%
1Q10 2Q10 3Q10 4Q10 1Q11
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Profitability
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Net Income ROAE (p.a.)
BRL Million
46.9 50.2 51.1 54.0 56.7
1Q10 2Q10 3Q10 4Q10 1Q11
15.2% 15.9% 15.8% 16.3% 16.6%
1Q10 2Q10 3Q10 4Q10 1Q11
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Investor Relations
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Sergio Lulia Jacob Financial Director Vice-President
Alexandre Sinzato, CFA Head of Investor Relations
Web Site: www.abcbrasil.com.br/irEmail: ri@abcbrasil.com.brPhone: +55 (11) 3170-2186
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Disclosure
The following material, on this date, is a presentation containing general information about theBanco ABC Brasil S.A. We offer no guarantee and make no declaration, implicitly orexplicitly, as to the accuracy, completeness or scope of this information.
This presentation may include forward-looking statements of future events or results accordingto the regulations of the Brazilian and International securities and exchange commissions.These statements are based on certain assumptions and analyses by the Company that reflectits experience, the economic environment, future market conditions and expected events bythe company, many of which are beyond the control of the Company. Important factors thatmay lead to significant differences between the actual results and the statements ofexpectations about future events or results include the company’s business strategy, Brazilianand International economic conditions, technology, financial strategy, financial marketconditions, uncertainty regarding the results of its futurefactors, operations, plans, objectives, expectations and intentions, among others. Consideringthese factors, the actual results of the company may be significantly different from thoseshown or implicit in the statement of expectations about future events or results.
The information and opinions contained in this presentation should not be understood as arecommendation to potential investors and no investment decision is to be based on theveracity, current events or completeness of this information or these opinions. No advisors tothe company or parties related to them or their representatives should have any responsibilityfor any losses that may result from the use or contents of this presentation.
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