Presentation to 6 th annual ceo conference
This presentation is the property of its rightful owner.
Sponsored Links
1 / 39

Presentation to: 6 th Annual CEO Conference PowerPoint PPT Presentation


  • 99 Views
  • Uploaded on
  • Presentation posted in: General

Banco Itaú Holding Financeira S.A. Presentation to: 6 th Annual CEO Conference. Silvio de Carvalho Executive Director. March 2005. Stockholders’ Equity, Net Income and Market Capitalization. R$ Million. Branches+CSBs. ATMs. BFB. Points of Sale. Note: Plus 29 Taií stores.

Download Presentation

Presentation to: 6 th Annual CEO Conference

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Presentation to 6 th annual ceo conference

Banco Itaú Holding Financeira S.A.

Presentation to:6th Annual CEO Conference

Silvio de Carvalho

Executive Director

March 2005


Presentation to 6 th annual ceo conference

Stockholders’ Equity, Net Income and Market Capitalization

R$ Million


Presentation to 6 th annual ceo conference

Branches+CSBs

ATMs

BFB

Points of Sale

Note: Plus 29 Taií stores


Presentation to 6 th annual ceo conference

Internet Banking

CAGR: 32.4%

CAGR: 43.4%


Presentation to 6 th annual ceo conference

Agenda

Results - Banco Itaú Holding Financeira

Pro Forma Results - Banco Itaú and Banco Itaú BBA

Important Facts - Banco Itaú Holding Financeira


Presentation to 6 th annual ceo conference

Agenda

Results - Banco Itaú Holding Financeira

Pro Forma Results - Banco Itaú and Banco Itaú BBA

Important Facts - Banco Itaú Holding Financeira


Presentation to 6 th annual ceo conference

Highlights

Results:

4th Quarter/04 – Net Income of R$ 1,030 million with ROE 32.9% p.a.;

2004 - Net Income of R$ 3,776 million with ROE 27.0% p.a.;

Growth of Credit Portfolio (including endorsements and sureties):

Total: 4th Quarter/04 = 4.3% Excluding Corporate Clients: 4th Quarter/04 = 14.8%

2004 = 19.5% 2004 = 43.8%

Growth of Credit Portfolio by Client Type (highlights):

4th Quarter/04 -Individuals 19.7% and Small and Medium Sized Companies 15.7%.

2004 -Individuals 43.1% and Small and Medium Sized Companies 70.8%

Net Interest Margin*

4th Quarter/04 = 13.6% p.a. 3rd Quarter/04= 12.4% p.a.

2004 = 13.2% p.a. 2003 = 13.9% p.a.

* Excluding the nonrecurring items of 4th Quarter of 2004


Presentation to 6 th annual ceo conference

Highlights

Solvency -Nonperforming Loans Ratio:

4th Quarter/04= 2.9% 3rd Quarter/04= 3.2%

2004 = 2.9% 2003 = 4.1%

Full Amortization of Goodwill: (R$ Million)

Without Tax Effects With Tax Effects

CBD (3rd Q./04) 381347

Credicard (4th Q./04) 721656

Orbitall (4th Q./04) 233212Intercap - Sales promoter (4th Q./04) 65 59

TOTAL 1,400 1,274

Technical Provisions of Pension Plans:

Balance at Dec/04 of R$ 8.6 billion – Growth of 56.4% in 2004.


Presentation to 6 th annual ceo conference

R$ Million (Except where indicated)

2004

4th Q/04

3rd Q/04

2003

Highlights

1,030 920 3,776 3,152

Net Income

Earnings per share (R$)

Stockholders’ Equity

ROE (%)

Total Assets

ROA (%)

Net Interest Margin

Market Capitalization

BIS Ratio (%)

Efficiency Ratio (%)

NPL (%)

NIM (%)*

9.10 8.13 33.33 27.66

13,971 13,471 13,971 11,879

32.9% 30.3% 27.0% 26.5%

130,339 138,520 130,339 118,738

3.2% 2.7% 2.9% 2.7%

3,624 2,673 11,127 10,861

44,092 34,959 44,092 30,453

20.6% 19.4% 20.6% 19.8%

45.9% 52.5% 52.4% 54.5%

2.9% 3.2% 2.9% 4.1%

13.6% 12.4% 13.2% 13.9%

* Excluding the nonrecurring items of 4th Quarter of 2004


Presentation to 6 th annual ceo conference

Financial Ratios (%)


Presentation to 6 th annual ceo conference

Efficiency Ratio (%)

54.5%

52.4%

Annual Efficiency Ratio.


Presentation to 6 th annual ceo conference

Asset Evolution

R$ Million


Presentation to 6 th annual ceo conference

Resources to the Economic Agents

R$ Million

Dec 31, 03

Dec 31, 04

Sep 30, 04

Var Dec04 /

Dec03

Var Dec04/

Sep04

18,284 15,279 12,777 19.7% 43.1%

Individuals

Loans to Companies

Small and Medium Sized

Corporate

Restricted Loans (*)

Total - Loans

Public Securities

Private Securities

Total - Securities

Total

30,455 31,114 27,768 -2.1% 9.7%

8,559 7,396 5,012 15.7% 70.8%

21,896 23,718 22,757 -7.7% -3.8%

4,536 4,666 4,036 -2.8% 12.4%

53,275 51,059 44,581 4.3% 19.5%

7,486 9,369 14,306 -20.1% -47.7%

12,145 11,216 8,564 8.3% 41.8%

19,631 20,585 22,870 -4.6% -14.2%

72,906 71,644 67,451 1.8% 8.1%

(*) Rural Loans and Mortgage – Loans linked to the availability of Demand deposits and Savings deposits.


Presentation to 6 th annual ceo conference

Credit Operations

R$ Million

CAGR: 21.1%

CAGR: 22.5%


Presentation to 6 th annual ceo conference

Change in the mix of the Credit Portfolio


Presentation to 6 th annual ceo conference

Credit Portfolio by Currency (with guarantees)

R$ Billion

Maintaining the Dollar Quotation of Dec/03:

R$ 53.3

R$ 54.3

(US$ 4,3)

R$ 51.1

R$ 51.2

R$ 44.6

R$ 44.6

(US$ 4.3)

(US$ 4.3)

(US$ 4.5)

(US$ 4.5)

(US$ 4.3)

(US$ 4.3)

Growth of 4.3% in the quarter and 19.5% in the year.

Growth of 6.1% in the quarter and 21.8% in the year.


Presentation to 6 th annual ceo conference

Nonperforming Loans Ratio and Coverage Ratio

(*) Provision for Loan Losses / Total Nonperforming Loans

We are not expecting an ongoing improvement in these indicators, because of the focus on credit products with higher margins, but, at the same time, with a higher credit risk.


Presentation to 6 th annual ceo conference

Service Fees

R$ Million

4th Q/04

3rd Q/04

Var 4Q04

-3Q04

2004

2003

Variation

04-03

91

228

197

263

167

98

1,044

Asset Management (*)

Current Account Services

Credit Cards

Sureties and Credits

Granted

Collection Services

Other

Total

376

327

371

266

302

158

1,799

358

303

282

234

180

151

1,508

17

24

89

32

122

7

291

1,411

1,230

1,162

916

866

580

6,165

1,320

1,002

965

653

699

482

5,121

(*) Mutual Funds and Consortium.


Presentation to 6 th annual ceo conference

Administrative and Tax Expenses (except for ISS, PIS and COFINS)

R$ Million

4th Q/04

3rd Q/04

Var 4Q04

-3Q04

2004

2003

Variation

04-03

Personnel Expenses

Other Administrative Expenses

Other Operating Expenses

Tax Expenses (CPMF / Other)

910

1,218

276

75

2,480

845

1,041

220

55

2,160

7.8%

17.0%

25.5%

36.4%

14.8%

3,320

4,289

1,164

242

9,015

3,174

4,120

1,272

205

8,771

4.6%

4.1%

-8.5%

18.0%

2.8%

Total

(86)

(25)

(47)

8,857

(86)

(10)

(47)

2,337

-

(8)

-

2,152

Increase % Credicard and Orbitall

Taií

Additional Depreciation (*)

-

-

-

8,771

-

-

-

1.0%

-

25.0%

-

8.6%

Total Adjusted

(*) Assets with residual values below R$3,000.00.

Strong Cost Control


Presentation to 6 th annual ceo conference

Evolution of Earnings per Share and Dividends per Share (*)

R$

CAGR = 28.6%

CAGR = 26.2%

Earnings per Share (*)

Dividends per Share (*)

(*) In the previous years per lot of thousand shares, as in 2004 a reverse split of shares was carried out.


Presentation to 6 th annual ceo conference

Financial Instruments – Market Value

R$ Million

09/30/04

12/31/03

12/31/04

Unrealized Income/(Loss) (1) (2)

10

782

600

182

309

691

39

133

354

14

620

400

220

248

660

(41)

93

480

10

688

545

143

319

627

33

74

297

Interbank Deposits

Securities and Derivatives

Additional provision

Adjustment – Securities Held to Maturity

Credit Operations

Investment on BPI

Time and Interbank Deposits and Funds from acceptance and issuance of securities abroad

Securitization of Payment Orders Abroad

Subordinated Debt and Treasury Shares

Stockholders’

Equity

Stockholders’

Equity

Stockholders’

Equity

2,074

2,319

2,048

Total Unrealized

(1) Tax effects not considered.

(2) Includes unrealized minority interest gains in Equity of R$ 271 million at December/04, R$ 284 million at September/04 and R$ 257 million at December/03.


Presentation to 6 th annual ceo conference

Agenda

Results - Banco Itaú Holding Financeira

Pro Forma Results - Banco Itaú and Banco Itaú BBA

Important Facts - Banco Itaú Holding Financeira


Presentation to 6 th annual ceo conference

Banco Itaú Holding Financeira S.A.

Banco Itaú-BBA S.A.

Banco Itaú S.A.

  • Large Corporations

  • Consumer Credit

  • Financing

  • Investments

  • Credit Cards

  • Insurance, Pension Plans and Capitalization

    ...

  • Retail

  • Small Companies

  • Middle Market

  • Private banking

    ...


Presentation to 6 th annual ceo conference

2004

%

%

2003

3,502

86.8%

92.7%

2,737

829

23.8%

22.0%

750

(555)

(14.7%)

(335)

(10.6%)

3,776

3,152

100%

100%

Net Income

R$ Million

Banco Itaú S.A.

Banco Itaú BBA S.A.

Corporation

Total

Diversification of the income sources

Not dependent only from interest rates


Presentation to 6 th annual ceo conference

Pro Forma

R$ Million

2004

2003

Corpo-

ration

Corpo-

ration

Banco

Itaú BBA

Conso-

lidated

Banco Itaú

Banco

Itaú BBA

Conso-

lidated

Banco Itaú

829

3,194

25.9%

17,671

34,488

(555)

2,934

-18.9%

-

6,597

3,776

13.971

27.0%

47,407

130,339

2,737

7,550

36.2%

20,739

94,641

750

3,213

23.4%

17,919

30,490

(335)

1,117

-30.0%

-

5,438

3,502

7,843

44.7%

29,736

109,983

3,152

11,879

26.5%

38,659

118,738

Net Income

Tier I Allocated Capital

ROE (%)

Credit Portfolio (*)

Total Assets

(*) Including endorsements and sureties.

Note: The Consolidated figures do not represent the sum of the parts because certain intercompany transactions were eliminated only at the Consolidated level.


Presentation to 6 th annual ceo conference

Pro Forma

R$ Million

3rd Q/04

2004

Variation

04-03

4th Q/04

2003

2,078

(268)

1,426

(2,033)

(237)

(129)

837

7,716

51.0%

2,972

(298)

1,717

(2,318)

(621)

(15)

1,437

7,843

96.0%

9,062

(1,141)

5,862

(8,374)

(1,610)

(297)

3,502

7,843

44.7%

8,523

(1,124)

4,854

(8,144)

(1,109)

(263)

2,737

7,550

36.2%

539

(17)

1,008

(230)

(501)

(34)

765

293

Net Interest Margin

Result from Loan Losses

Service Fees

Administrative and Tax Expenses*

Tax Income and Social Contribution

Other

Net Income

Tier I Allocated Capital

ROE (%)

*Except for ISS, PIS and COFINS


Presentation to 6 th annual ceo conference

Consolidated Net Income

Diversification of income sources

Not dependent only on interest rates


Presentation to 6 th annual ceo conference

Credit Cards

R$ Million (Except where indicated)

Variation

2004

2003

Nº of Cards - Itaucard (thousands)

Nº of Cards - Credicard (thousands) (*)

Nº of Cards - Total (thousands)

5,780

2,246

8,026

10,603

4,787

15,390

400

99

499

1,305

1,349

2,654

2,353

1,732

4,085

(10)

(9)

(19)

22.6%

60.0%

33.1%

22.2%

36.2%

26.5%

-2.5%

-9.1%

-3.8%

7,085

3,595

10,680

12,956

6,519

19,475

390

90

480

Turnover - Itaucard

Turnover - Credicard (*)

Turnover - Total

Net Income - Itaucard

Net Income - Credicard (*)

Net Income - Total

Participation in the Net Income of

Orbitall and Redecard

63

41

22

53.7%

(*) Corresponds to the share of Credicard owed by Itaú – 50% at 2004 and 33% at 2003.


Presentation to 6 th annual ceo conference

Insurance, Pension Plans and Capitalization

R$ Billion

11.0

10.0

9.3

8.3

7.7

6.1

5.4

Technical Provisions – Pension Plans: growth of 43% from Dec. 03 to Dec. 04


Presentation to 6 th annual ceo conference

Combined Ratio

Claim Ratio

Insurance, Pension Plans and Capitalization

R$ Million

4º Tri/04

Var 4ºT04

-3ºT04

Var.2004

- 2003

2004

2003

3º Tri/04

  • Insurance Premiums, Pension Plans Contributions and Premium Bonds Revenues

  • Changes in Technical Provisions

  • Selling Expenses

  • Insurance Claims, Pension Plans Benefits and Premium Bonds Redemption

  • Other Operating Income/(Expenses)

6,233

(2,957)

(395)

(2,251)

177

5,008

(2,578)

(358)

(1,508)

136

24%

15%

11%

49%

30%

1,686

(843)

(103)

(579)

41

1,475

(636)

(100)

(591)

54

14%

33%

3%

-2%

-24%

Operating Margin

807

701

15%

201

202

0%

485

(616)

(141)

(84)

623

(623)

(166)

(70)

-22%

-1%

-15%

19%

Financial Income

Administrative and Tax Expenses*

Income Tax and Social Contribution

Other

115

(169)

(23)

(24)

115

(146)

(39)

(20)

0%

16%

-41%

21%

451

465

-3%

101

113

-10%

Result of Ins., Pension Plans and Cap.

94.1%

97.2%

92.3%

93.5%

53%

54%

51%

55%

*Except for ISS, PIS and COFINS


Presentation to 6 th annual ceo conference

Resources Managed

R$ Billion

Volume of Mutual Funds and Portfolios under Management

Technical Provisions of Insurance, Pension Plans and Capitalization

Growth of 23.0% in the volume of Funds and Portfolios under Management and 43.4% in the volume of Technical Provisions in relation to Dec/2003


Presentation to 6 th annual ceo conference

Pro Forma

R$ Million

2004

3rd Q/04

4th Q/04

Variation

04-03

2003

Net Interest Margin

Result from Loan Losses

Service Fees

Administrative and Tax Expenses*

Tax Income and Social Contribution

Other

Net Income

Tier I Allocated Capital

ROE (%)

464

31

84

(159)

(151)

(27)

242

3,194

33.9%

391

27

83

(133)

(147)

(25)

196

3,245

26.4%

1,403

213

306

(622)

(416)

(55)

829

3,194

25.9%

1,989

(513)

270

(613)

(410)

27

750

3,213

23.4%

(586)

726

36

(9)

(6)

(82)

79

(19)

*Except for ISS, PIS and COFINS


Presentation to 6 th annual ceo conference

Agenda

Results - Banco Itaú Holding Financeira

Pro Forma Results - Banco Itaú and Banco Itaú BBA

Important Facts - Banco Itaú Holding Financeira


Presentation to 6 th annual ceo conference

Actions in 2004 Aligned with the Strategy of Focus on Personal Loans

  • Start of activities of Taií;

  • Partnership Itaú-CBD;

  • Increased in shareholding interest in Credicard;

  • Acquisition of 100% of Orbitall;

  • Cooperation agreement with Banco BMG;

  • Acquisition of sales promotion company of Banco Intercap.


Presentation to 6 th annual ceo conference

Taií

New Brand Name (Itaú-based).

Focus on lower income consumers.

Proprietary platform.

Operation launched in June/04 with 3 branches in São Paulo (currently 29).

Uses the Itaú ATM network.

Diversifies credit-related revenues.

Responsive and efficient.

Forecast: 150 stores by YE 2005.


Presentation to 6 th annual ceo conference

Increase in Participation on CredicardCredit Card Base

In Thousand

Market Share: 20.3%

10,680

9,077

8,674

8,026

8,259


Presentation to 6 th annual ceo conference

Forecast for 2005:

Retail partnerships

Expansion of Focus on direct consumer credit

Long term partnership: 20 years, and renewal option

Operating Management under the responsibility of Itaú

Exclusivity in exploitation of financial products and services to retailers’ customers

February 28, 2005

October 27, 2004

250 stores

170 stores


Presentation to 6 th annual ceo conference

Banco Itaú Holding in 2005

  • Focus in increasing the credit portfolio to Individuals and to Small and Medium Sized Companies;

  • Consolidation of initiatives related to personal loans;

  • Costs constant in real terms, with the consequent improvement in efficiency ratio (at the same basis);

  • Keeping the actual expectations of growth, we forecast the maintaining of current levels of ROE;

  • New Segment – Disclosure, starting in next quarter, of a new segment to reflect the performance of business areas related to personal loans.


Presentation to 6 th annual ceo conference1

Banco Itaú Holding Financeira S.A.

Presentation to:6th Annual CEO Conference

Silvio de Carvalho

Executive Director

March 2005


  • Login