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  • 1. Banco Santander (Brasil) S.A.2009 IFRS Results Pro formaFebruary 4th, 2010

2. Table of Contents2 Macroeconomic Scenario and Financial System 2009- Strategy- Business- Results 3. Macroeconomic Scenario 3 Economy retakes growth in 2010GDP (year-on-year growth %)Interest Rate - Selic (%) End of Period6.15.1 5.44.013.2513.75 11.2511.25 8.750.0 2006200720082009(e) 2010(e)2006 20072008 2009 2010(e) Inflation (IPCA %) Exchange Rate (R$/US$) End of Period5.9 2.34 4.54.3 4.62.14 1.771.741.763.1 2006 20072008 2009 2010(e) 2006 2007 20082009 2010(e)Sources: The Brazilian Central Bank, IBGE and Focus BC Reports. 4. Financial System: Loan dynamics 4 R$ BillionTotal LoansNonearmarked Loans to Individuals %12M Private Banks %12M Public Banks %12M Total Loans1,4104344514711,3484111,2271,243 1,27739439.5%31.1% 24.2%31.1%19.4%26.8%14.9%5.7%Dec.08 Mar.09Jun.09 Sep.09 Dec.09Dec.08 Mar.09 Jun.09 Sep.09 Dec.09Nonearmarked Loans to CorporationsRegulated Loans482457477426 470 356 367 378 38.9% 465464 29.4% 28.4%1.2%Dec.08 Mar.09Jun.09 Sep.09Dec.09Dec.08Mar.09 Jun.09 Sep.09 Dec.09 Volume Y-o-Y Variation %Source: The Brazilian Central Bank 5. Financial System: Deposits and Assets Under Management 5R$ Billion Deposits + Assets Under Deposits Assets Under Management ManagementVar. 12M Dec.09Var. 12M Dec.09Demand: 8.7% Retail: 14.2%2,515 Savings: 17.7% Non Retail: 24.1%2,427 Time: 4.1%2,314 2,169 2,219 1,454 977976 1,011 1,031 1,0601,303 1,397 1,192 1,24340.7%5991,172575 60760815.9% 587 14.4%8.5% 1,046 1,116 22.1% 945987402 389 403423462 247258256 280282 -0.8% Dec.Mar.Jun.Sep. Dec.Dec.Mar.Jun.Sep.Dec.Dec.Mar. Jun.Sep.Dec.08090909 090809090909 08 09 090909 Time Demand + Savings VolumeY-o-Y Variation %Source: The Brazilian Central Bank 6. Table of Contents6 Macroeconomic Scenario and Financial System 2009 - Strategy - Business - Results 7. Franchise7Santander is the 3rd largest private bank in Brazil withscale to competeMarket Share of Branches (%)Dec/09 December 2009North: 5% of GDP Loans (R$ MM)138,394Share : 5% Northeast: 13% of GDP Share: 7% Funding from Clients (R$ MM)143,672 Funding Total (R$ MM) 242,079 Net Profit (R$ MM)5,508Strong distribution platform One of the largest network in the South / SouthMiddle-West: 9% of GDPShare: 6% East (73% of GDP) 2,091 BranchesSoutheast: 57% of GDP 1,502 Mini Branches Share: 16% 18,094 ATMs 10.2 mln active account holdersSouth: 16% of GDP Share: 9%Source: The Brazilian Central Bank and IBGE. GDP date: 2007.1) Demand Deposits + Time Deposits + Savings + Debentures + Real Estate Credit Notes (LCI) and Agribusiness Credit Notes (LCA)2) Includes Assets Under Management3) Customers with active accounts during a 30-day period, according to the Brazilian Central Bank. 8. Integration8 A unique combination of highly complementary local platforms enhanced by Santanders Group affiliation SantandersGlobal Platform NetworkNetwork Global Sourcing Scale Concentration in So Strong in Rio, Minas Paulo and South region Gerais, and parts ofNortheastDifferentiated InternationalIT PlatformSegments Strong position in the medium income and Segments Strong position in highincome and SMEs+ Capacity to ReplicateGlobal Products public servantsEfficient RiskManagementBusiness Business Credit cards, payroll Car finance loans Multinational Client Base 9. Integration9The integration process moves as planned1st Stage 2nd Stage 3rd Stage Aug/08Mar/09 Jan/10May/10Sep/10 I Senior Management Integrated IICentralized Functions Risk, Human Resources, Marketing, AuditingFinancial Control, Compliance, etc IIIWholesale, Private & Asset IIIIntegration GB&M, Corporate, and MiddleIV IV Credit card systems V IV ATMs Integrated Platform of ATMs Upgrade branches infrastructureVI VIIComplete Integration/V Back Office Systems VIUnify Networks Branches Big Bang Unification of cash management and clearing Call center integration 10. Integration 10 and Together we are taking the best of each bank to our customersSantander Master The two best overdraft ideas, now together.Van Gogh Services10 days withoutInstallment of debit by half ofpaying interest + Santander launchesoverdraft interest per month Van Gogh services for high income customers, providing appropriate and innovative financial solutions.Auto Max Santander and Real embrace single format for hiring and sale ofSantander Flex and Real Flex insurance in Brazil. With this process, the marketing of insurance is optimized.Every month, 5 days to pay the invoice Installment of invoice by + Every year, a month half of credit card interest without interest 11. Integration: Synergies11 Expected SynergiesR$ million We reached cost synergies of R$ 1,1 Bi in 2009, 2,400 R$ 300 MM above1,600expectations 80020092010 2011 12. Table of Contents12 Macroeconomic Scenario and Financial System 2009- Strategy- Business- Results 13. Business: Loans Evolution13 R$ Billion1.7%Var. Var.4.1%2009 200812M (%) R$ Million 3M (%)136.0137.1134.2132.9138.4Individuals43,352 39,153 10.7% 2.2% Consumer Financing 24,627 24,757 -0.5% 1.7% SMEs 32,417 34,289 -5.5% 4.5% Corporate37,998 37,8390.4% 7.7% dec.08 mar.09 jun.09 sep.09 dec.09Total138,394136,0391.7% 4.1% Including portfolio purchased from other banks (not considered in the loan portfolio in IFRS), the credit growth in twelve months would be 3.0% and 4.2% in the quarter1) In 2009, the Bank acquired, through Cayman branch, credit portfolio of trade and export financing agreements related tooperations contracted with Brazilian clients in the amount of US$ 1,977 million, equivalent to R$ 3,442 million. In 4Q09, the amountwas US$ 1,170 million. 14. 14Loans: Loans to individuals by productPayroll LoansAuto Loans R$ MM R$ MM 2.8% 33.0% 21,94922,57510,176 7,650Dec.08 Dec.09Dec.08Dec.09Credit CardsMortgage R$ MM R$ MM 30.6% 9,08621.4%6,95755.5% 8,472 3,8606,980 2,483 5,226 16.8%4,474 Dec.08 Dec.09 Dec.08Dec.09 Individuals Corporate1) Includes purchase of portfolio of R$ 2.220 million in Dec/09 and R$ 443 million in Dec/082) Includes funding for Individuals and Corporate. 15. Business: Deposits and Assets Under Management15R$ Billion5.3% Var. Var.-1.4% R$ Million20092008 12M (%) 3M (%)245.5Demand 15,14015,298 -1.0%12.0%229.9 228.8235.7 242.1Savings25,21720,64322.2% 10.3% 80.4 80.1 85.593.1 98.4Time 75,77188,907-14.8%-13.7%149.5148.7150.2 152.4 Others27,54424,68611.6% -2.2%143.7Funding from143,672149,534-3.9%-5.7%Clientsdec.08mar.09 jun.09 sep.09 dec.09Funds (AUM)98,40780,40222.4% 5.7% Funds (AUM) Funding from ClientsTotal 242,079229,9365.3% -1.4%1) Repurchase commitments backed on Debentures, Real Estate Credit Notes (LCI) and Agribusiness Credit Notes (LCA) 16. Table of Contents16 Macroeconomic Scenario and Financial System 2009 - Strategy - Business - Results 17. Results: Non-recurrent events 17 Non-recurrent events 4Q09 Value (R$ Million) - - Cetip 54 - REFIS (Law 11,941/09)207 - Provision for contingencies -207 TOTAL (before taxes)541) Relative to tax payment through program for payment of tax debits through cash and installment payments under law 11,941/09 (REFIS) 18. Results: Highlights18 In 2009, net profit amounted to R$ 5,508 MM growing 41% in twelvemonths. Net profit increase driven by revenue growth and cost control Performance Ratios improved in twelve months (12M09/12M08) Efficiency Ratio: 35.0%, drop of 9.1 p.p. Recurrence: 57.0%, increase of 6.1 p.p. ROE: 19.3%, increase of 2.6 p.p. Sound Balance Sheet Metrics BIS Ratio: 25.6%, increase of 10.9 p.p. in twelve months(12M09/12M08) Coverage: 101.7%, increase of 0.7 p.p. in the quarter Equity of R$ 40,954 MM1) General Expenses excluding amortization / Total Revenue2) Net Fee / General Expenses excluding amortization3) Excludes Goodwill on acquired companies (Banco Real and Real Seguros Vida e Previdncia). 19. Results: Accumulated Net profit 19R$ MMNet profit growth is accelerating41%5,508 30%13%3,9173,913 3,0072,4452,1706M086M09 9M089M09 20082009 20. Results: Net Interest Margin20R$ MM8.7%3.4%5,384 5,172 5,489 5,656 5,850Var.2009 200812M (%)Net Interest Margin 22,167 19,231 15.3%4Q081Q092Q093Q094Q09Interest Rate (Average) Selic 13.66% 11.70%9.54% 8.65% 8.65% 21. 21Results: Spreads Deposits Spread, %Loans Spread, %12.8 12.71.01.012.60.912.4 12.30.8 0.94Q08 1Q09 2Q09 3Q09 4Q09 4Q08 1Q09 2Q093Q09 4Q09 22. Results: Gains/losses on financial assets and liabilities +22exchange differencesR$ MM-32.5% Var. 1,051 2009200812M (%)646459 578 Gains/losses on financial390 (222)514 240assets and liabilities +2,665 777 243.0% 592306exchange differences258 338 132 84 (480)- Cayman Hedge1,146 - 600n.a. Gains/losses on4Q08 1Q09 2Q09 3Q094Q09financial assets and liabilities + exchange1,519 1,377 10.3%Cayman Hedge Others differences (excluding Cayman Hedge)1) The increase in gains originated by the Cayman Hedge was offset by an increase in income tax expenses. 23. Results: Net Fees 23R$ MM 26.8%Var.2009200812M (%) 7.1% Banking fees 2,458 2,3763.4% 1,573 1,666 Insurance1,042 844 23.4% 1,5561,4431,314 Asset Management 737 830 -11.2% Credit and Debit Cards 746 635 17.5% Collection services502 442 13.5% Capital Markets539 413 30.6%4Q081Q09 2Q093Q094Q09 Trade (COMEX)384 397-3.2% Others-171 -72136.5% Total6,238 5,8666.3%1) Includes taxes and others 24. Results: General Expenses and Amortization24R$ MM -9.5%4.8%Var.3,491 2009 2008 12M (%) 3,0482,977 3,0133,158 318 265 Other General 317 328 3395,4365,858 -7.2% Expenses3,173Personnel Expenses 5,5115,674 -2.9%2,731 2,649 2,6742,893 Depreciation and1,2491,236 1.1% Amortization4Q081Q092Q093Q09 4Q09Total12,196 12,768-4.5%Depreciation and AmortizationGeneral Expenses 25. Results: Gross Revenue vs General Expenses 25 Gross Revenue and General Expenses R$ MM 4Q09 x 4Q08 (%) 7,288 7,471 7,5987,7767,055 10.2% 2.7 2.2 -8.8%3,173 2,7312,649 2,674 2,893 4Q081Q092Q09 3Q094Q09 Gross Revenue General Expenses1) Gross Revenue = Total Income excluding Cayman Hedge. Including Cayman Hed