Transcript
Page 1: 4 q12 conference call presentation

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Teleconferência - 4º Trimestre de 2011

Anis Chacur Neto Sergio Lulia Jacob CEO Vice-Presidente Financeiro

February | 4th | 2013

Conference Call - 4Q12/2012

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Highlights

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Net Income in 2012 totaled BRL 226.6 million and BRL 59.6 million in the fourth quarter of the year.

The expanded credit portfolio reached BRL 15,318 million by the end of 2012, being BRL 13,184 million in the Corporate segment and BRL 2,134 million in the Middle Market segment.

Return on Average Equity (ROAE) reached 14.3% p.a. in 2012 and 14.4% p.a. in 4Q12.

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Expanded Credit Portfolio

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(BRL million) Dec/12 Sep/12 Chg 3M (%) Dec/11 Chg 12M (%)

Loans 8,480.9 8,470.4 0.1% 7,673.9 10.5%

Corporate 6,404.5 6,580.0 -2.7% 5,807.6 10.3%

Middle 2,076.4 1,890.4 9.8% 1,866.3 11.3%

Guarantees issued 6,232.4 5,888.1 5.8% 5,180.9 20.3%

Corporate 6,174.8 5,832.4 5.9% 5,142.2 20.1%

Middle 57.6 55.7 3.4% 38.7 48.8%

Loans + guarantees issued 14,713.3 14,358.5 2.5% 12,854.8 14.5%

Corporate 12,579.3 12,412.4 1.3% 10,949.8 14.9%

Middle 2,134.0 1,946.1 9.7% 1,905.0 12.0%

Corporate securities (Corporate) 604.8 525.6 15.1% 314.2 92.5%

Total Corporate 13,184.1 12,938.0 1.9% 11,264.0 17.0%

Expanded credit portfolio 15,318.1 14,884.1 2.9% 13,169.0 16.3%

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Segments Highlights

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Corporate Middle Market

Average Ticket

(BRL Million)

Average Tenor

(days)

Total Number

of Clients

Clients with

Credit Exposure

Credit Portfolio

(BRL Million)

Dec/11 Sep/12 Dec/12 Dec/11 Sep/12 Dec/12

717 752 703

518 523 532

21.1 23.7 23.6

364 332 355

1,162 1,168 1,295

892 917 997

2.1 2.1 2.1

211 214 227

55% 53% 53%

19%20% 18%

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

Dec/11 Sep/12 Dec/12

10,950 12,412 12,579

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

Minas Gerais / Midwest

South

Rio de Janeiro

São Paulo Countryside

São Paulo Capital

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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

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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

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Funding & Ratings

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(BRL Million)

InvestmentGrade

InvestmentGrade

Local Global

brAA+ BBB-

Aa1.br Baa3

AA- BB+

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%

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Basel Index & Shareholders’ Equity

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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

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Financial Margin

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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

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Income from Services

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14.9 16.5 17.419.6 20.8 22.6 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 -9.7%

Total 40.8 35.2 16.1% 34.8 17.2% 137.4 125.4 9.6%

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Expenses

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Efficiency Ratio (Cost/Income)

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

Personnel (36.3) (31.0) 17.0% (32.3) 12.4% (130.6) (114.0) 14.6%

Other Administrativ e Ex penses (18.5) (17.7) 4.1% (16.0) 15.3% (71.5) (64.9) 10.1%

Profit Sharing (15.3) (14.0) 8.9% (18.0) -15.3% (52.5) (69.4) -24.4%

Total (70.0) (62.8) 11.5% (66.3) 5.5% (254.5) (248.3) 2.5%

37.9%33.9% 36.9% 35.3% 38.4% 37.7% 36.3%

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

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Profitability

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Net Income (BRL Million) ROAE (% p.a.)

16.4%15.0% 14.2% 13.8% 14.4%

16.6%14.3%

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

60.6 56.9 55.0 55.1 59.6

236.0 226.6

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

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Guidance 2012

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* Includes guarantees issued and corporate securities.

Estimated Realized

Expanded Credit Portfolio* 17% - 21% 16%

Corporate 17% - 21% 17%

Middle Market 15% - 20% 12%

Personnel Expenses & Other Administrative 11% - 13% 13%

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Guidance 2013

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* Includes guarantees issued and corporate securities.

Expanded Credit Portfolio* 14% - 18%

Corporate 14% - 17%

Middle Market 17% - 22%

Personnel Expenses & Other Administrative 8% - 11%

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Investor Relations

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Sergio Lulia Jacob Financial Vice-President

Alexandre Sinzato, CFA Head of Investor Relations

Web Site: www.abcbrasil.com.br/ir Email: [email protected] Phone: +55 (11) 3170-2186

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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.


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