4 q12 investor presentation

Download 4 q12  investor presentation

Post on 14-Jul-2015

202 views

Category:

Economy & Finance

1 download

Embed Size (px)

TRANSCRIPT

  • 1

    Investors Presentation March 2013

  • 2

    . Strategy, business segments and products

    . Funding and capital base

    . Financial highlights

    . Ownership structure

    . Key attributes

  • 3

    89%87% 85%

    84%87% 86%

    86%

    11%

    11%12%

    14%

    13%14%

    14%

    Dec/06 Dec/07 Dec/08 Dec/09 Dec/10 Dec/11 Dec/12

    Middle Market

    Corporate11,762

    8,651

    6,6605,227

    3,045

    13,169

    16.3%

    (BRL Million)

    15,318

    3

    Focus on Companies

    3

    Expanded Credit Portfolio*

    Banco ABC Brasil offers commercial banking services to Corporate (annual revenues above BRL 400 mi) and Middle Market clients (annual revenues between BRL 30 and 400 mi). The Bank advises on underwriting activities and mergers and acquisitions, offers commercial loans, treasury services, and international lines of credit.

    Distinct strategy for each business segment:

    Increase profitability per client in Corporate, through increased cross-selling of products;

    Grow the number of clients in the Middle Market. Portfolio Mix: increase in Middle Market participation.

    * Includes Loans, Guarantees Issued and Corporate Securities portfolios

  • 4

    55% 53% 53%

    19%20% 18%

    16%18% 19%10%9% 10%

    Dec/11 Sep/12 Dec/12

    10,950 12,412 12,579

    Corporate (annual revenues above BRL 400 mi)

    4

    Average Ticket

    (BRL Million)

    Average Tenor

    (days)

    Total Number

    of Clients

    Clients with

    Credit Exposure

    South

    Rio de Janeiro

    So Paulo Countryside

    So Paulo Capital

    Corporate Securities

    (BRL Million)

    Loans and

    Guarantees Issued

    (BRL Million)

    Strategy: Grow the profitability per client, through increasing cross-selling of products.

    Products:

    loans denominated in BRL and foreign currencies

    trade finance

    underwriting and structuring advisory services for capital markets transactions

    arrangement of syndicated loans in Brazil and abroad

    BNDES onlending transactions

    M&A transactions

    treasury products

    717 752 703

    518 523 532

    21.1 23.7 23.6

    364 332 355

    314 526 605

    Dec/11 Sep/12 Dec/12

    Dec/11 Sep/12 Dec/12

  • 5

    40% 41% 41%

    12% 12% 11%10% 9% 9%

    29% 27% 27%

    9% 11%12%

    Dec/11 Sep/12 Dec/12

    1,905 1,946 2,134

    RO

    AC

    AM

    RR

    PA

    AP

    MA

    PI

    CE

    BA

    MG

    ES

    RJSP

    PR

    SC

    RS

    MS

    MT

    GO

    DF

    RNPB

    PE

    AL

    SE

    TO

    ABC Brasil

    Offices

    Middle Market (annual revenues between BRL 30 and 400 mi)

    5

    Strategy: Grow the number of clients, mainly in new regions.

    Average Ticket

    (BRL Million)

    Average Tenor

    (days)

    Total Number

    of Clients

    Clients with

    Credit Exposure

    Minas Gerais / Midwest

    South

    Rio de Janeiro

    So Paulo Countryside

    So Paulo Capital

    Loans and

    Guarantees Issued

    (BRL Million)

    Dec/11 Sep/12 Dec/12

    1,162 1,168 1,295

    892 917 997

    2.1 2.1 2.1

    211 214 227

    8

    BUSINESS

    PLATFORMS

    IN EVOLUTION

    (+RMs)

    (> Efficiency)

    MG

    RJ

    SC

    GO

    MT

    SP4

    Campinas

    Ribeiro Preto

    5

    MATURE

    BUSINESS

    PLATFORMS

    (> Efficiency)

    SP1

    SP2

    SP3

    PR

    RS

  • 6

    . Strategy, business segments and products

    . Funding and capital base

    . Financial highlights

    . Ownership structure

    . Key attributes

  • 7

    Funding & Ratings

    7

    (BRL Million)

    Diversified funding with access to local and international sources

    Dec/11 Mar/12 Jun/12 Sep/12 Dec/12

    1,647 1,782 2,140 2,226 2,186

    4,045 4,977 5,353 5,575 5,542

    2,181 2,060 2,279 2,165 1,854

    2,085 2,137 2,227 2,347 2,618

    9,960 10,956 12,000 12,313 12,199 Total

    15% 14% 13% 13% 14%

    6% 6% 5% 6%7% Subordinated Debt

    Shareholders' Equity

    22% 19% 19% 18% 15%BNDES

    16% 16% 18% 18% 18% International

    10% 9% 9% 9% 9%

    11% 10% 9% 9% 8%

    10% 13% 11%10%

    10%

    10%10% 10% 9% 9%

    3% 6%8% 10%

    Local Bonds (Letras Financeiras)Individual Investors

    Financial Institutions

    Institutional Investors

    Corporate Investors

    46%

    41%

    45%45% 45%

    Local brAA+ Aa1.Br AA

    Global BBB- Baa3 BBB-INVESTMENT GRADE

  • 8

    Assets & Liabilities by maturity

    8 (As of December, 2012)

    4,136

    3,384

    2,264

    2,730

    594362

    1,786

    4,283

    2,104 2,268

    282

    1,064

    2,350

    (899) 159 462 312

    (702)

    1-30 days 31-180 days 181-360 days 1-3 years 4-5 years >5 years

    Assets Liabilites Gap

    2,350

    1,451 1,6112,072

    2,385

    1,682

    Accumulated Gap(BRL Million)

  • 9

    Basel Index & Shareholders Equity

    9

    11.3% 11.1% 10.2% 10.9% 10.6%

    4.3% 4.1% 4.0% 4.1% 5.3%

    Dec/11 Mar/12 Jun/12 Sep/12 Dec/12

    Tier II

    Tier I (Core Capital)

    15.6% 15.2% 14.2% 15.0%15.9%

    2,072 2,092 2,181 2,257

    2,507

    1,500 1,536 1,566 1,639 1,680

    Reference Equity

    Shareholders' Equity

    (BRL Million)

    Capital Adequacy (BRL million) Dec/12 Sep/12Chg 3M

    (%) / p.p.Dec/11

    Chg 12M

    (%) / p.p.

    Capital 2,507.3 2,257.2 11.1% 2,072.5 21.0%

    Mininum Capital Required 1,735.4 1,654.1 4.9% 1,457.9 19.0%

    Capital Surplus 771.9 603.2 28.0% 614.5 25.6%

    Basel Ratio 15.9% 15.0% 0.9 15.6% 0.3

    Tier I (Core Capital) 10.6% 10.9% -0.3 11.3% -0.7

    Tier II 5.3% 4.1% 1.1 4.3% 0.9

  • 10

    . Strategy, business segments and products

    . Funding and capital base

    . Financial highlights

    . Ownership structure

    . Key attributes

  • 11 11

    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% 0.95%

    0.31% 0.21% 0.21% 0.11% 0.17% 0.15% 0.19%0.21%

    0.57% 0.52% 0.56%

    0.36%

    0.23% 0.12% 0.09% 0.05% 0.06% 0.08% 0.09% 0.11%

    0.47%0.39% 0.42%

    0.17%

    Mar/10 Jun/10 Sep/10 Dec/10 Mar/11 Jun/11 Sep/11 Dec/11 Mar/12 Jun/12 Sep/12 Dec/12

    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% 4.02%

    1.86% 1.74% 1.64% 1.62% 1.72% 1.69% 1.69% 1.73%1.95% 2.04%

    2.24% 2.15%

    1.52% 1.29% 1.17% 1.13% 1.22% 1.18% 1.30% 1.33% 1.41% 1.48%1.74% 1.54%

    Mar/10 Jun/10 Sep/10 Dec/10 Mar/11 Jun/11 Sep/11 Dec/11 Mar/12 Jun/12 Sep/12 Dec/12

    Middle

    Total

    Corporate

  • 12 12

    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% 0.64%

    0.29%0.10% 0.15% 0.08% 0.10% 0.06%

    0.24% 0.15%0.06% 0.08%

    0.20%0.40%

    0.27%

    0.00% 0.07% 0.03% 0.00% -0.01% 0.08% 0.02% 0.01% 0.04% 0.10%

    0.32%

    Mar/10 Jun/10 Sep/10 Dec/10 Mar/11 Jun/11 Sep/11 Dec/11 Mar/12 Jun/12 Sep/12 Dec/12

    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%

    3.3%

    Mar/10 Jun/10 Sep/10 Dec/10 Mar/11 Jun/11 Sep/11 Dec/11 Mar/12 Jun/12 Sep/12 Dec/12

    D-H

  • 13

    Financial Margin

    13

    NIM (% p.a.)

    (BRL million) 4Q12 3Q12 Chg (%) 4Q11 Chg (%) 2012 2011 Chg (%)

    Net Interest Income before Loan Loss Provision (LLP) 148.1 147.6 0.4% 143.8 3.0% 580.1 559.5 3.7%

    Shareholders Equity remunerated at CDI rate 26.8 28.4 -5.9% 39.0 -31.4% 124.0 156.2 -20.6%

    Financial Margin w ith Clients 98.7 98.0 0.7% 92.1 7.1% 370.2 352.6 5.0%

    Financial Margin w ith Market 22.7 21.1 7.5% 12.7 78.7% 85.9 50.7 69.4%

    Loan Loss Provision (LLP) (25.6) (32.8) -22.1% (13.8) 85.2% (110.8) (52.4) 111.4%

    Managerial Financial Margin 122.5 114.7 6.8% 130.0 -5.7% 469.2 507.0 -7.5%

    5.5% 5.3% 5.0% 4.8% 4.7%5.6%

    4.9%

    4Q11 1Q12 2Q12 3Q12 4Q12 2011 2012

  • 14

    Income from Services

    14

    14.9 16.517.4

    19.6 20.822.6 23.5 23.8 24.2

    26.0 27.4 26.6

    7.18.1 4.9

    6.96.8

    5.4 4.2 3.8 3.34.1

    4.6 6.3

    2.41.6

    0.5

    8.22.0 2.8 2.4

    7.2

    1.9

    2.03.1

    7.9

    1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12

    Capital Markets and

    M&A Fees

    Banking Tariffs

    Guarantees Issued

    (BRL Million)

    Income from Services

    Total of Revenues20.5% 20.1%

    17.6%

    23.8%

    19.7% 20.3%18.3%

    20.6%18.3% 19.0%

    20.7%23.2%

    Banking Service Fees (BRL million) 4Q12 3Q12 Chg (%) 4Q11 Chg (%) 2012 2011 Chg (%)

    Guarantees Issued 26.6 27.4 -3.1% 23.8 11.6% 104.2 90.7 14.9%

    Capital Markets and M&A Fees 7.9 3.1 152.3% 7.2 9.6% 15.0 14.4 3.7%

    Banking Tariffs 6.3 4.6 36.9% 3.8 67.0% 18.3 20.3 -