Itausa Sa · BMFBOVESPA:ITSA3
Itausa Sa — Investimentos Itaú — Investor Presentation (May 2019)
20 slides from Itausa Sa's investor presentation, May 2019
Slide 1: Institutional Presentation
Institutional Presentation May/2019
Slide 2: Disclaimer
Disclaimer This presentation may contain certain statements whether as a result of new information, future expressing beliefs and trends related to Itaúsa- events or any other reasons whatsoever. The Investimentos Itaú S.A. ("Itaúsa" or "Company") and its Company will not be liable for any transacti
Slide 3: Macroeconomic Scenario
Macroeconomic Scenario Business Environment in 2019 Outlook: Issues to be followed up: 2017 2018 2019e 2020e Expectations of recovery and Jobs and income greater economic stability may recovery GDP 1.1% 1.1% 1.0% 2.0% growth favor business environment of Tax changes our subsidiaries Approval
Slide 4: Ownership structure
Ownership structure as of March 31st 2019¹ 34% 66% Egydio Souza Free Float Aranha Family (ESA) 38% 62% 63% Common 19% Preferred Foreigners Brazilians 2 38% 28% 40% 8% ITAÚSA ITAÚSA ITAÚSA ITAÚSA 9% 28% 20% Privately-owned Moreira Salles BW/Cambuhy company Seibel Family Family (Moreira Salles Family)
Slide 5: Highlights of subsidiaries
Highlights of subsidiaries Results | 1Q19 22.2% 21.3% 19,6% ROE 20,4% 7.3% Net income and ROE¹ R$ billion - IFRS 24.9 23.2 Attributable to controlling 5.6% stockholders Highlights 6.4 6.7 Banking Product increased by 3.2% in Fiscal Council now operates on a 2017 2018 1Q18 1Q19 the 1Q19, mainly d
Slide 6: Highlights of subsidiaries
Highlights of subsidiaries Results | 1Q19 8,8% ROE 4,0% 2,6% 2,1% Net income and ROE¹ 432 R$ million 133.5% Attributable to controlling stockholders 22.4% 185 Highlights 31 24 JV set up with Lenzing in 2018, to CEUSA plant expansion build up a dissolving wood pulp was approved, to raise 2017 201
Slide 7: Highlights of subsidiaries
Highlights of subsidiaries Results | 1Q19 21.0% 20, 0% 17,0% ROE 15, 0% 14,9% 10, 0% 8.5% 8.8% Net income and ROE¹ 5,0 % 362 R$ million 332 Attributable to 0,0 % 53.5% controlling -5,0% stockholders 114 -10,0% 53 Highlights -15,0% 2017 2018 1Q18 1Q19 Revision of strategic and -20,0% Sale in 2018
Slide 8: Highlights of subsidiaries
Highlights of subsidiaries Results | 1Q19 3.3 00 66.7% ROE 51.5% 46.5% 60, 0% 42.3% 2.8 00 40, 0% 2.3 00 6.9% 1.8 00 Net income 1,934 20, 0% 1,809 and ROE¹ 1.3 00 R$ million 0,0 % 800 18.1% -20,0% 300 455 538 -200 -40,0% 2017 2018 1Q18 1Q19 Highlights Debt restructuring in 2018, In 2018 net reve
Slide 9: Parent Company’s Results
ITAUSA Parent Company’s Results
Slide 10: M&A Assumptions
M&A Assumptions Efficient capital allocation Assumptions Alternatives to allocate capital among new business, share buyback and dividend distribution; Solid and Leading Return above Companies consistent companies and cost of capital history of strong brands results Discipline when evaluating opportu
Slide 11: Evolution of Itaúsa in the last 5 years
Evolution of Itaúsa in the last 5 years Sale of Itautec 70% of the Acquisition of shared automation and control of Alpargatas Terminated Renewal of the services division to usufruct on Itaú Shareholders OKI Unibanco’s shares¹ Agreement until 2029 2013 2016 2017 2018 2019 Acquisition of Incorporation
Slide 12: Main indicators of income and balance sheet
Main indicators of income and balance sheet Parent Company: under IFRS R$ million (IFRS) R$ per share 2017 2018 Change 1Q18 1Q19 Change 03/31/18 03/31/19 Profitability Net Income 8,144 9,436 +15.9% 2,400 2,486 +3.6% 0.29 0.30 ROE¹ Return on equity 16.6% 18.2% +160bps 19.1% 18.8% -30bps Dividends/IOC
Slide 13: Flow of Dividends
Flow of Dividends1,2 Includes Interest on Capital, in R$ million Received | accrual basis Paid and to be paid | accrual basis 94% Dividends/Interest on capital 2017 2018 8,839 83% Capital call 6,827 Payout 28% 48% No capital call 8,427 32% 1,370 forecasted for 6,601 2019 8,427 740 6,601 202 3,734 18
Slide 14: Debt
Debt¹ In R$ million Capital Third-party funds Debentures composition detailed 6% 7% Mar’19 Issued: May 2017 3,277 3,921 Total liabilities 3,921 Amount: R$1.2 billion Dividends/interest 774 Rate: 106.9% of DI rate on capital payable Interest: semi-annual 94% 93% Debentures 1,227 55,143 50,402
Slide 15: Liquidity and Capital Markets
Liquidity and Capital Markets Participation in the Ibovespa¹ Traded volume increased 335 ITSA4 has the 9th largest participation in significantly in recent years the , representing 3.4% of 350% the index. 228 168 171 Evolution of individual stockholders 156 Thousands of stockholders 132 118 107 94 7
Slide 16: Capital Markets
Capital Markets Itaúsa’s Portfolio – market value¹ Dividend Yield³ (%) R$ billion – on 04/30/19 Market value of Sum of the Market value of 8.8% Itaúsa’s portfolio parts (a) Itaúsa (b) 7.4% 7.0% 7.4% 4.4% 123.5 95.4% 2.5 2015 2016 2017 2018 04/30/2019 1.9% 100.2 Discount history 2.5 129.4 27.8% 1.9%
Slide 17: Sustainability and Corporate Governance
Sustainability and Corporate Governance Recent developments in Ongoing corporate governance improvements through ethical values, caring for transparency and good international practices. Sustainability Corporate Governance Selected for the 15th year, ranked among Permanent Fiscal Council the world
Slide 18: Itaúsa in Capital Markets
Itaúsa in Capital Markets CAGR (in Reais) Itaúsa Itaúsa Ibov. CDI Dollar total return - TRS without reinvestment interbank deposit rate 10 years 15.8% 9.9% 7.4% 10.0% 6.1% 5 years 20.5% 12.6% 13.3% 10.6% 12.0% 12 months 4.9% -3.7% 11.9% 6.3% 13.3% Evolution of R$100 invested between 04/30/2009 and 0
Slide 19: Integrated Report
Integrated Report Itaúsa published in March 2019 its 1st Integrated Report, a pioneering publication among Latin American holdings. The document addresses: • Business Model and value creation process to stakeholders through the Financial, Human, Reputational and Intellectual Capitals • Company’s str
Slide 20: Investor Relations
Investor Relations Phone +55 11 3543 4177 E-mail relacoes.investidores@itausa.com.br investor.relations@itausa.com.br Website www.itausa.com.br/en
Itaúsa - Investimentos Itaú — Investor Presentation (May 2019) on 6ix