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1Q04 Earnings. Highlights Largest Bank in Brazil in Total Assets Leadership in Assets Under Management Leadership in loan Portfolio Leadership in Total.

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Presentation on theme: "1Q04 Earnings. Highlights Largest Bank in Brazil in Total Assets Leadership in Assets Under Management Leadership in loan Portfolio Leadership in Total."— Presentation transcript:

1 1Q04 Earnings

2 Highlights Largest Bank in Brazil in Total Assets Leadership in Assets Under Management Leadership in loan Portfolio Leadership in Total Funding Customer Base Customers in BB’s Internet Largest ATM Network in Latin America Largest network service in the country 2

3 efficiency reflected in numbers R$ million 1Q034Q031Q04/1Q03/4Q03 Total Assets209,240230,144231, Credit Portfolio ¹65,71577,63679, Securities Portfolio75,63169,59067,875(10.3)(2.5) Deposits ²98,130110,014110, Asset Management - R$ bi Shareholders’ Equity10,16412,17212, Market Capitalization7,48517,56817, (3.0) Net Income (3.4) ROE % ³ Change % 1- Credit Portfolio, Leasing operations and others credits, according Res. 2682/ Demand, Time, Savings and Interbank 3 - Net Income included

4 result building up Spread Reduction Increase of Allowance for Loan Losses Credit Delinquency under Control Growth of the Retail Credit Portfolio Increase in Service Fees Administrative Expenses Control

5 solid results Income Statement with reallocations 1Q034Q031Q04/ 1Q03/ 4Q03 Gross Financial Margin3,9173,9773,829(2.2)(3.7) Provision for NPL(636)(827)(901) Net Financial Margin3,2813,1502,928(10.7)(7.0) Service Fees1,2181,5111, Turnover Tax Expenses(232)(289)(284)22.5(1.7) Contribution Margin4,2674,3724,197(1.6)(4.0) Administrative Expenses(2,709)(3,149)(2,735)0.9(13.1) Commercial Income1,5581,2231,462(6.1)19.5 Operating Income1,2441,3351,227(1.4)(8.1) Income before Profit Sh.Taxes Ext. Items1,2951,3741,242(4.1)(9.6) Income Tax and Social Contribution(687)(453)(370)(46.0)(18.2) Profit sharing(20)(155)(41)108.7(73.6) Recurrent Result Extraordinary items (110)(128)(215) Net Income (3.4) Quarterly FlowChange % R$ million

6 Analysis of volume and spread ready to a new environment 3,917 (416) 477 (149) Spread - % Volume - R$ million 1Q Q Q ,946 1Q ,076 Loss due to spread decrease Gain due to volume increase Loss due to decrease in spread combined with volume increase * Average balance R$ million 1Q034Q031Q04/1Q03/4Q03 Gross Financial Margin 3,917 3,977 3,829 (2.2)(3.7) Asset (-) Permanent * 204, ,377228, Annualized Spread Change %

7 deliquency under control 1Q032Q033Q034Q031Q04 1Q032Q033Q034Q031Q04 Loss / Portfolio - % ¹ Expenses Prov. / Port. - % ² Overdue Loans / Total Credit Portfolio - % Overdue more than 15 days / Total Credit Portfolio - % Overdue more than 60 days / Total Credit Portfolio - % 1Q034Q031Q04/ 1Q03/ 4Q03 Gross Financial Margin 3,917 3,977 3,829 (2.2) (3.7) Provision for NPL (636) (827) (901) Net Financial Margin 3,281 3,150 2,928 (10.7) (7.0) Quarterly FlowChange % R$ million ¹ Loss and average portfolio of the Last 12 months ² Loss and average portfolio of the quarter ³ Loss and average portfolio of the Last 12 months Expenses Prov. / Port. - % ³

8 margin growth guaranteed by business diversification R$ million 1Q034T031Q04/ 1Q03/ 4Q03 Gross Financial Margin3,9173,9773,829(2.2)(3.7) Provision for NPL(636)(827)(901) Net Financial Margin3,2813,1502,928(10.7)(7.0) Service Fees1,2181,5111, Turnover Tax Expenses(232)(289)(284)22.5(1.7) Contribution Margin4,2674,3724,197(1.6)(4.0) Quarterly FlowChange % R$ million 1Q034Q031Q04/ 1Q03/ 4Q03 Service revenues 1,218 1,511 1, Customer Relationship Fees Asset Management fees Credit Operations (1.2) Collection Services to Related Companies Third Party Revenue and Payments (0.5) Credit Cards (1.4) Others (5.8) Quarterly FlowChange %

9 Asset Management - R$ billion customers’ loyalty and asset management leadership Customer Base - in millions 1Q032Q033Q034Q031Q04 1Q032Q033Q034Q031Q Service Fees + GFM / Customer - R$ ¹ ¹ Costumer base average of the last 4 quarters Market Share - %

10 cost structure suitable with business generation R$ million Contribution Margin4,2674,3724,197(1.6)(4.0) Administrative Expenses(2,709)(3,149)(2,735)0.9(13.1) Commercial Income1,5581,2231,462(6.1)19.5 1Q034Q031Q04/ 1Q03/ 4Q03 Quarterly FlowChange % R$ million 1Q034Q031Q04/ 1Q03/ 4Q03 Administrative Expenses(2,709) (3,149)(2,735)0.9(13.1) Other Administrative Expenses(1,170) (1,165)(1,126)(3.8)(3.3) Employees Expenses(1,509) (1,949)(1,574)4.3(19.2) Salaries(639) (894)(721)12.9(19.3) Benefits(158) (196)(182)15.5(6.9) Social Charges(239) (342)(269)12.6(21.3) Training(5) (17)(6)24.0(65.0) Honorary of Directors and councilmen(2) (1)(7.9)(12.5) Provision for Employees Expensives(234) (107)(273) Provisions for Labor Suits(191) (309)(60)(68.7)(80.6) Labor Suits(41) (82)(61)48.8(25.3) Quarterly FlowChange %

11 Points of Service - in thousands Human Resources - in thousands cost structure suitable with business generation Q032Q033Q034Q031Q04 Credit operations / Points of Service - R$ million Q032Q03 3Q03 4Q031Q EmployeesInterns Deposits + Assets under Manag/ Employee - R$ million Points of Service

12 productivity equation completed by technology Automatization Electronic Transactions / Total Transactions - % Efficiency Ratio - %Coverage Ratio - % Service Income / Personnel Expenses ATM InternetFinancial ManagerPOSCashier Administrative Expenses / Operational Income Q032Q033Q034Q031Q04 1Q022Q023Q024Q Q04 - % 1Q03 - % Others Q032Q033Q034Q031Q Q032Q033Q034Q031Q

13 BB - the bank that invests the most in Brazil Market Funding - R$ billionAsset Composition - % Liquid assets Credit Operations Tax Credit Other Assets Interbank Deposits Demand Deposits Savings Deposits Time Deposits Open Market Funds Total 1Q034Q031Q Q032Q033Q034Q03 1Q04 1Q034Q031Q04/ 1Q03/ 4Q03 Total Assets 209,240230,144231, Liquid Assets 88,366102,439104, Credit Operations 53,47565,60466, Tax Credit 10,9279,4069,116(16.6)(3.1) Other Assets 56,47352,69550,736(10.2)(3.7) Total Liabilities 209,240230,144231, Deposits 98,130110,014110, Other Liabilities 100,227107,959108, Shareholders’ Equity 10,16412,17212, Change % R$ million

14 Securities Portfolio liquidity preserved Securities Portfolio Maturity - % Up to 1 year1 to 5 years5 to10 yearsOver 10 years Q032Q033Q034Q03 1Q04 1Q034Q031Q04/ 1Q03/ 4Q03 Securities Portfolio 75,631 69,590 67,875 (10.3) (2.5) Available for trading 5,137 16,095 12, (23.3) Available for sale 43,352 28,307 30,266 (30.2)6.9 Held to Maturity 26,846 24,821 24,959 (7.0)0.6 Derivatives (10.0) Change % R$ million

15 well balanced credit portfolio Credit Portfolio 1Q04 - Balance R$ 79.6 billion 1Q03 - Balance R$ 65.7 billion 20.3% 22.2% 27.9% 12.3% 14.5% 2.7% 22.3% 20.2% 10.3% 12.6% 2.0% 32.5% Retail Commercial Agribusiness Foreign Trade Abroad Others 20.6% 20.9% 35.0% 9.5% 12.2% 1.9% 4Q03 - Balance R$ 77.6 billion

16 Credit Portfolio by Risk Level Shares % - 1Q04 increase with resposibility AA-BC-DE-H RetailCommercialAgribusinessForeign Trade BBNFS

17 Retail Credit Portfolio Agribusiness Credit Portfolio by Risk Level -% Commercial and Foreign Trade Portfolio 10,0 20,0 30,0 40,0 50,0 60,0 70,0 80,0 AAABCDEFGH 10,0 20,0 30,0 40,0 50,0 60,0 70,0 80,0 AAABCDEFGH 10,0 20,0 30,0 40,0 50,0 60,0 70,0 80,0 AAABCDEFGH 10,0 20,0 30,0 40,0 50,0 60,0 70,0 80,0 AAABCDEFGH 1Q041Q031Q041Q03 1Q041Q031Q041Q03 increase with resposibility

18 ability to increase businesses with customers Capital Adequacy BIS Ratio - % Level ILevel II Q032Q033Q034Q031Q Q034Q031Q04/ 1Q03/ 4Q03 Risk weighted Assets ,0 (1,1) ,3(0,9) Required on weighted assets ,0(1,1) Required on swap (2,8)(1,2) Required on exchange exp Required on Interest rate exp (3,5)5,6 Referential Shareholders’ Equity ,03,4 Level I ,71,6 Capital Social(623) (120,3)(44,4) 20% Realizable Tax Credit After 5 Years- - (326) Level II ,77,8 Surplus / shareholders’ equity deficit ,220,7 Surplus / leverage deficit ,220,7 Coefficient K % 13,4013,7114,30 Change % R$ million Required Shareholders’ Equity

19 insurance and private pension Insurance Revenue R$ million Insurance / Net Aggregated Value Insurance GFMOthers Total Auto Life, Health and Others Capitalization Plans Private Pension Manag. Insur. Funds 74.2% 3.4% 22.4% 80.4% 3% 16.6% 1Q04 1Q Q034Q031Q04

20 market recognition PricePrice / EarningsPrice / BV - x Q032Q033Q034Q031Q04 Obs: Share Market Price adjusted by income

21 new IR website

22 Investor Relations Division SBS - Quadra 1 - Bloco C - Ed. Sede III - 17° floor Brasília (DF) Phone: 55 (61) Fax: 55 (61) Disclaimer Disclaimer - This presentation contains references and statements, planned synergies, increasing estimates, projections of results and future strategy for Banco do Brasil, it’s Associated and Affiliated Companies and Subsidiaries. Although these references and statements reflect the management’s belief, it also involves imprecision and high difficult risks to be foreseen, consequently, it may conduct to a different result than the one anticipated here. These expectations are highly depended on market conditions, on the Brazilian economic performance, on the sector and the international market. Banco do Brasil is not responsible for bringing up to date any estimate in this presentation. For further information access


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