3 q12 conference call presentation
- 1. 1 Teleconferência - 4º Trimestre de 2011 Anis Chacur Neto Sergio Lulia Jacob CEO Vice-Presidente Financeiro October | 31st | 2012 Conference Call – 3rd Quarter 2012
- 2. 2 3Q12 Highlights 2 Net Income in the quarter totaled BRL 55.1 million. The expanded credit portfolio reached BRL 14,884.1 million by the end of the quarter, remaining stable in the period. Annualized Return on Equity (ROAE) in 3Q12 reached 13.8% pa in the period. The credit portfolio quality remains high, with 97.4% of the loan transactions rated between AA-C by the end of the quarter.
- 3. 3 (BRL million) Sep/12 Jun/12 Chg 3M (%) Sep/11 Chg 12M (%) Loans 8,470.4 8,519.8 -0.6% 7,753.9 9.2% Corporate 6,580.0 6,680.2 -1.5% 5,997.3 9.7% Middle 1,890.4 1,839.6 2.8% 1,756.6 7.6% Guarantees Issued 5,888.1 5,882.3 0.1% 4,775.1 23.3% Corporate 5,832.4 5,843.8 -0.2% 4,732.0 23.3% Middle 55.7 38.6 44.5% 43.1 29.4% Loans + Guarantees Issued 14,358.5 14,402.1 -0.3% 12,529.0 14.6% Corporate 12,412.4 12,524.0 -0.9% 10,729.3 15.7% Middle 1,946.1 1,878.2 3.6% 1,799.7 8.1% Corporate Securities (Corporate Segment) 525.6 536.0 -1.9% 252.3 108.3% Expanded Credit Portfolio 14,884.1 14,938.1 -0.4% 12,781.3 16.5% Expanded Credit Portfolio 3
- 4. 4 Segments Highlights 4 Corporate Middle Market Average Ticket (BRL Million) Average Tenor (days) Total Number of Clients Clients with Credit Exposure Credit Portfolio (BRL Million) Minas Gerais / Goiás Sul Rio de Janeiro São Paulo Interior São Paulo Capital Sep/11 Jun/12 Sep/12 Sep/11 Jun/12 Sep/12 738 734 752 520 535 523 20.6 23.4 23.7 362 329 332 55% 53% 53% 19% 22% 20% 16% 16% 18%10% 9% 10% Sep/11 Jun/12 Sep/12 10,729 12,524 12,412 1,104 1,154 1,168 839 949 917 2.1 2.0 2.1 225 212 214 42% 41% 41% 12% 13% 12% 9% 9% 9% 28% 27% 27% 9% 10% 11% Sep/11 Jun/12 Sep/12 1,800 1,878 1,946
- 5. 5 5 Credit Portfolio Quality Past Due above 90 days (% of loan portfolio) Loan Loss Reserve (% of loan portfolio) 0.65% 0.60% 0.71% 0.39% 0.57% 0.40% 0.51% 0.50% 0.87% 1.02% 1.03% 0.31% 0.21% 0.21% 0.11% 0.17% 0.15% 0.19% 0.21% 0.57% 0.52% 0.56% 0.23% 0.12% 0.09% 0.05% 0.06% 0.08% 0.09% 0.11% 0.47% 0.39% 0.42% 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 Middle Total Corporate 3.33% 3.64% 3.63% 3.60% 3.59% 3.45% 3.02% 3.00% 3.68% 4.06% 3.99% 1.86% 1.74% 1.64% 1.62% 1.72% 1.69% 1.69% 1.73% 1.95% 2.04% 2.24% 1.52% 1.29% 1.17% 1.13% 1.22% 1.18% 1.30% 1.33% 1.41% 1.48% 1.74% 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 Middle Total Corporate
- 6. 6 6 Credit Portfolio Quality Transactions between D-H rating (Resolution 2682 of Brazilian Central Bank) Write Off in the quarter (% of loan portfolio) 0.37% 0.50% 0.46% 0.27% 0.47% 0.32% 0.77% 0.57% 0.22% 0.21% 0.55% 0.29% 0.10% 0.15% 0.08% 0.10% 0.06% 0.24% 0.15% 0.06% 0.08% 0.20% 0.27% 0.00% 0.07% 0.03% 0.00% -0.01% 0.08% 0.02% 0.01% 0.04% 0.10% 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 Middle Total Corporate 3.1% 3.0% 2.4% 2.1% 2.0% 1.9% 2.0% 2.4% 2.7% 2.5% 2.6% 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 D-H
- 7. 7 Funding & Ratings 7 (BRL Million) Investment Grade Investment Grade Local Global brAA+ BBB- Aa1.br Baa3 AA- BB+ Diversified funding with access to local and international sources Sep/11 Dec/11 Mar/12 Jun/12 Sep/12 2,156 1,647 1,782 2,140 2,226 3,798 4,045 4,977 5,353 5,575 2,317 2,181 2,060 2,279 2,165 2,066 2,085 2,137 2,227 2,347 10,338 9,960 10,956 12,000 12,313 Total 14% 15% 14% 13% 13% 6% 6% 6% 5% 6% Subordinated Debt Shareholders´ Equity 22% 22% 19% 19% 18% BNDES 21% 16% 16% 18% 18% International 12% 10% 9% 9% 9% 10% 11% 10% 9% 9% 7% 10% 13% 11% 10% 8% 10% 10% 10% 9% 3% 6% 8% Local Bonds (Letras Financeiras) Individual Investors Financial Institutions Institutional Investors Corporate Investors 37% 41% 45% 45% 45%
- 8. 8 Basel Index & Shareholders´ Equity 8 11.4% 11.3% 11.1% 10.2% 10.9% 4.4% 4.3% 4.1% 4.0% 4.1% 3Q11 4Q11 1Q12 2Q12 3Q12 TierII TierI (Core Capital) Shareholders' Equity (BRL Million) 15.8% 15.6% 15.2% 14.2% 15.0% 1,460.2 1,499.6 1,535.6 1,565.8 1,638.6 Considering the US$ 100 million subordinated notes issuance concluded on October, 2012, the Basel Index would be 16.3%. The transaction is under approval of the Brazilian Central Bank, and will compose the Tier II Capital of the bank after its ratification. Capital Adequacy (BRL million) Sep/12 Jun/12 Chg 3M (%) / p.p. Sep/11 Chg 12M (%) / p.p. Capital 2,257.2 2,180.8 3.5% 2,025.7 11.4% Mininum Capital Required 1,654.1 1,687.7 -2.0% 1,410.9 17.2% Capital Surplus 603.2 493.0 22.3% 614.9 -1.9% Basel Ratio 15.0% 14.2% 0.8 15.8% -0.8 Tier I (Core Capital) 10.9% 10.2% 0.7 11.4% -0.5 Tier II 4.1% 4.0% 0.1 4.4% -0.3
- 9. 9 Financial Margin 9 NIM (% p.a.) (BRL million) 3Q12 2Q12 Chg (%) 3Q11 Chg (%) 9M12 9M11 Chg (%) Net Interest Income before Loan Loss Provision (LLP) 147.6 144.4 2.2% 146.8 0.5% 432.9 415.7 4.1% Shareholders´ Equity remunerated at CDI rate 28.4 32.0 -11.3% 42.8 -33.6% 97.2 117.2 -17.0% Financial Margin with Clients 98.0 89.6 9.3% 94.3 3.9% 272.5 260.5 4.6% Financial Margin with Market 21.1 22.7 -7.0% 9.6 119.9% 63.2 38.0 66.3% Loan Loss Provision (LLP) (32.8) (28.7) 14.6% (24.6) 33.6% (85.2) (38.6) 120.8% Managerial Financial Margin 114.7 115.7 -0.9% 122.2 -6.1% 347.6 377.1 -7.8% 5.7% 5.5% 5.3% 5.0% 4.8% 5.6% 5.0% 3Q11 4Q11 1Q12 2Q12 3Q12 9M11 9M12
- 10. 10 Income from Services 10 Banking Service Fees (BRL million) 3Q12 2Q12 Chg (%) 3Q11 Chg (%) 9M12 9M11 Chg (%) Guarantees Issued 27.4 26.0 5.4% 23.5 16.9% 77.6 66.9 16.0% Capital Markets and M&A Fees 3.1 2.0 57.8% 2.4 33.3% 7.0 7.2 -2.3% Banking Tariffs 4.6 4.1 12.3% 4.2 8.8% 12.0 16.5 -27.3% Total 35.2 32.1 9.5% 30.0 17.0% 96.6 90.5 6.7% 14.9 16.5 17.4 19.6 20.8 22.6 23.5 23.8 24.2 26.0 27.4 7.1 8.1 4.9 6.9 6.8 5.4 4.2 3.8 3.3 4.1 4.6 2.4 1.6 0.5 8.2 2.0 2.8 2.4 7.2 1.9 2.0 3.1 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 Capital Markets and M&A Fees Banking Tariffs Guarantees Issued Income from Services Total of Revenues (BRL Million) 20.5% 20.1% 17.6% 23.8% 19.7% 20.3% 18.3% 20.6% 18.3% 19.0% 20.7%
- 11. 11 Expenses 11 Efficiency Ratio (Cost/Income) Expenses (BRL million) 3Q12 2Q12 Chg (%) 3Q11 Chg (%) 9M12 9M11 Chg (%) Personnel (31.0) (32.2) -3.8% (28.2) 10.0% (94.3) (81.7) 15.5% Other Administrative Expenses (17.7) (19.6) -9.7% (16.6) 6.6% (53.0) (48.9) 8.4% Profit Sharing (14.0) (13.1) 7.0% (17.0) -17.3% (37.2) (51.4) -27.6% Total (62.8) (65.0) -3.4% (61.8) 1.6% (184.5) (182.0) 1.4% 36.4% 37.9% 33.9% 36.9% 35.3% 37.6% 35.4% 3Q11 4Q11 1Q12 2Q12 3Q12 9M11 9M12
- 12. 12 Profitability 12 Net Income (BRL Million) ROAE (% p.a.) 58.5 60.6 56.9 55.0 55.1 175.4 167.0 3Q11 4Q11 1Q12 2Q12 3Q12 9M11 9M12 16.2% 16.4% 15.0% 14.2% 13.8% 16.7% 14.3% 3Q11 4Q11 1Q12 2Q12 3Q12 9M11 9M12
- 13. 13 Investor Relations 13 Sergio Lulia Jacob Financial Vice-President Alexandre Sinzato, CFA Head of Investor Relations Web Site: www.abcbrasil.com.br/ir Email: ri@abcbrasil.com.br Phone: +55 (11) 3170-2186
- 14. 14 Disclosure The following material, on this date, is a presentation containing general information about the Banco ABC Brasil S.A. We offer no guarantee and make no declaration, implicitly or explicitly, as to the accuracy, completeness or scope of this information. This presentation may include forward-looking statements of future events or results according to the regulations of the Brazilian and International securities and exchange commissions. These statements are based on certain assumptions and analyses by the Company that reflect its experience, the economic environment, future market conditions and expected events by the company, many of which are beyond the control of the Company. Important factors that may lead to significant differences between the actual results and the statements of expectations about future events or results include the company’s business strategy, Brazilian and International economic conditions, technology, financial strategy, financial market conditions, uncertainty regarding the results of its future factors, operations, plans, objectives, expectations and intentions, among others. Considering these factors, the actual results of the company may be significantly different from those shown 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 a recommendation to potential investors and no investment decision is to be based on the veracity, current events or completeness of this information or these opinions. No advisors to the company or parties related to them or their representatives should have any responsibility for any losses that may result from the use or contents of this presentation.