Banco Santander (brasil) S.a. · BMFBOVESPA:SANB3
Banco Santander (brasil) — Q2 2024 Earnings Presentation
22 slides from Banco Santander (brasil)'s earnings presentation, Jul 24, 2024
Slide 1: Earnings Presentation 2Q24 BRGAAP
«> Santander Earnings Presentation 2024 BRGAAP July 24th, 2024
Slide 2: Disclaimer
Disclaimer This presentation may contain certain forward-looking statements and information pertaining to Banco Santander (Brasil) S.A. (“Santander Brasil") and its subsidiaries, which reflect the current views and / or expectations of Santander Brasil and its management regarding its business perfo
Slide 3: Strategy Update
Strategy Update
Slide 4: 2024 highlights
2024 highlights YoY Consistent growth and aligned with our strategy Fees solid expansion, emphasizing our diversified portfolio Funding mix evolution with higher retail representativeness LLP under control with a decline in the cost of risk Portfolio expansion, especially on target businesses Result
Slide 5: 2021, 2022, 2023 Vintage
2021 Vintage 129 2022 Vintage 2023 Vintage 120 105 100 2T23 2T24
Slide 6: Customer Centricity: Expansion of strategic businesses
Customer Centricity Expansion of strategic businesses «> Santander -COMECA AG-8RA ufha noverelacdo de inder com vocé Complete redesign of the Continuous and multichannel conversation: mass income offering App, Chat, and Store 100% integrated New digital experience, Ambition to be more present much s
Slide 7: 69.3 60.5 43.2
624 70 69.3 62 63 60.5 348 43.2 100
Slide 8: 2Q23 3Q23 4Q23
6% 3% -1% -4% -10% 2Q23 3Q23 4Q23 1Q24 2Q24 64 65 66 42 2Q23 4Q23 1Q24 2Q24 SFN Santander 14% 16% 11% 7% 3% 2Q23 3Q23 4Q23 1Q24 2Q24
Slide 9: Consumer Finance
Consumer Finance Ongoing transformation driven by innovation and technology Brazil's largest consumer fi business 100% digital 4-clicks financing sign up and enhanced security through facial recognition Real time hyper personalized offers with heavy use of Advanced Analytics Strategic partnerships w
Slide 10: Customer Centricity: Customer base monetization (SMEs)
Customer Centricity Customer base monetization SMEs Wide presence and competitive advantages to drive business growth Focus on being increasingly present in our customers lives Enhanced experience with intensive use of technology Number of transactions with Service coverage by | 94% of active accoun
Slide 11: Customer Centricity: Customer base monetization (Investments)
Customer Centricity Customer base monetization Investments Expansion of the funding plan @ Full offer through Toro and Santander Advisory services, offering the solution that best suits the client profile, Open and comprehensive Full-banking platform, investment platform, providing featuring superio
Slide 12: Takeaways
Takeaways Strategy Update
Slide 13: Net Interest Income
2Q24 x 2Q24 x (R$ million) 2Q24 2Q23 1Q24 2Q23 Client NII 14,493 0.2% 14,068 3.0% Product NII 13,883 0.5% 13,226 5.0% Volume 588,235 2.6% 550,730 6.8% Spread (p.a.) 9.81% -0.21 p.p. 9.99% -0.18 p.p. Market NII 258 -22.6% -736 n.a. Net Interest Income 14,751 -0.3% 13,332 10.6%
Slide 14: Loan portfolio
Jun/24 x Jun/24 x (R$ million) Jun/24 Jun/23 Mar/24 Jun/23 Individuals 248,932 0.9% 229,104 8.7% Consumer Finance¹ 75,450 4.5% 67,515 11.8% SMEs 70,922 3.0% 62,218 14.0% Corporate² 143,199 4.1% 140,461 1.9% Total² 538,502 2.5% 499,298 7.9% Private securities and guarantees 127,090 -1.2% 117,917 7.8%
Slide 15: Funding from clients
Jun/24 x Jun/24 x (R$ million) Jun/24 Jun/23 Mar/24 Jun/23 Demand deposits 39,159 4.5% 39,715 -1.4% Saving deposits 57,980 1.6% 57,672 0.5% Time deposits 395,408 5.6% 337,196 17.3% Repo products¹ 15,942 -11.5% 18,526 -13.9% Real Estate (LCI) and Agribusiness 81,384 2.1% 71,679 13.5% (LCA) credit not
Slide 16: Fees
2Q24 x 2Q24 x (R$ million) 2Q24 2Q23 1Q24 2Q23 Cards 1,328 7.2% 1,171 13.4% Current Account Services 887 4.2% 819 8.2% Insurance Fees 992 4.3% 795 24.9% Credit Operations 578 -0.9% 477 21.1% Securities Brokerage and 441 11.8% 405 9.0% Placement Asset Management 381 3.7% 339 12.4% Asset Management 15
Slide 17: Cost of risk
Cost of risk Recurring loan loss provisons and cost of risk NPL Formati R$ million 4.5% 2Q23 Tup ‘6,837, | 5,618 ' 6,105 | 6,043 5,896! 6,487 6,924 6,765 (869) (820) (723) 3Q23 4Q23 1024 2024 T Recovery of written-off loans I Cost of risk - 12M2 C=: Including specific case in wholesale 1.70% 1.05% 1
Slide 18: Delinquency (NPL)
Delinquency (nL) e — St 9 —@ o— —e Total 42% 4.0% 3.0% = 3.8% any, 1 SMEs _— ° —2—_ * ——» __ I Corporate 0.1% 0.5% 0.1% 0.4% 0.1% | Cor . . . porate 18% 1.9% 17% 2.0% 16% © SMES a Jun/23 Sep/23 Dec/23 Mar/24 Jun/24 Jun/23 Sep/23 Dec/23 Mar/24 Jun/24 Over 90 days Over 90 days in Corporate & SMEs 4.8%
Slide 19: General expenses
2Q24 x 2Q24 x (R$ millions) 2Q24 2Q23 1Q24 2Q23 Administrative 2,531 3.9% 2,492 1.6% Personnel 2,979 -2.6% 2,762 7.8% Total Expenses 5,510 0.3% 5,255 4.9% Depreciation and Amortization¹ 805 0.3% 784 2.6% Total General Expenses 6,314 0.3% 6,039 4.6%
Slide 20: Income statement summary
2Q24 x 2Q24 x (R$ million) 2Q24 1Q24 1Q24 2Q23 Net Interest Income 14,751 14,790 -0.3% 10.6% Fees 5,182 4,886 6.1% 17.5% Total Revenues 19,933 19,676 1.3% 12.3% Allowance for Loan Losses (5,896) (6,043) -2.4% -1.4% General Expenses (6,314) (6,297) 0.3% 4.6% Others (3,816) (3,797) 0.5% 2.4% Manageria
Slide 21: Strategy Update, 2Q24 Results, Takeaways
oA AS Santander = Ze — Sea » : Pinna Strategy Update 2Q24 Results Takeaways Highlights «Santander 21
Slide 22: Takeaways: Quarter highlights and expectations
@ Santander Takeaways . Quarter highlights and expectations L L Obsessive focus on being the most present bank in our customers’ lives Primacy agenda leveraged by the intensive use of technology Free offering as a powerful tool in customer activation and conversion Consistent advancement in strategi
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