Banco Santander (brasil) S.a. · BMFBOVESPA:SANB3
Banco Santander (brasil) — Q3 2024 Earnings Presentation
21 slides from Banco Santander (brasil)'s earnings presentation, Oct 29, 2024
Slide 1: Earnings Presentation 3Q24
«> Santander Earnings Presentation 3Q24 BRGAAP October 29", 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, 3Q24 Results, Takeaways: Highlights
Strategy Update 3Q24 Results Takeaways Highlights
Slide 4: 3Q24 highlights
(+10% QoQ) (+34% YoY) 3Q24 highlights Consistent growth with an increase in spreads Fees expanding leading to portfolio diversification Funding mix evolution with higher individuals’ representativeness LLP under control growing at a lower pace than the loan book Expansion prioritizing strategic busi
Slide 5: Agenda evolution
Agenda evolution 2022 - 2024 — Building a robust and diversified balance sheet — Definition of strategic priorities | Anchoring pillars with a and major initiatives profitability-orientated approach Expansion driven by intensive De-risking and portfolio use of technology reconfiguration s7| Value cr
Slide 6: Focus on being the most present bank in our customers' lives
Focus on being the most present bank in our customers’ lives Technology evolution to serve our customers where, how and when they desire Transactionality, loans and investments fueling profitability recovery focused on in the Individuals NPS +11 points in 2 years Transactionality Credit Investments
Slide 7: Transactionality
Transactionality [AMERICAN EXPRESS. Fundamental pillar for customer primacy Booster for the revenue diversification strategy Focus on being present in the daily lives of our customers @ Customer Centricity @ Transactionality @ Investments & Cards | Key driver of transactionality Sustainable and stea
Slide 8: Credit
Credit Complementary component of the transactionality and investments pillars Growth in credit with focus on return on capital feete: Hyper personalization Value creation through a hyper personalized experience for customers [ae Customized offering based on the customer profile in real time Data-dr
Slide 9: Investments
Customer Centricity Transactionality Credit Building the in the market, grounded ina Digital DNA in an open platform providing the best experience in equities Close and specialized human channel with a full-banking offering R$ 23 billion (+26% YoY) RS 6.3 billion (+133% YoY) of net inflow in 9M24 of
Slide 10: Wide presence and competitive advantages for all-sized businesses
Wide presence and competitive advantages for all-sized businesses to drive business growth boosted by our partnership with Getnet Greater transactionality, consistent credit featuring evolution, and growth in our Funding « benefits Investments aimed at customer primacy available nationwide Focus on
Slide 11: Takeaways
Takeaways Strategy Update
Slide 12: Net interest income
3Q24 x 3Q24 x (R$ million) 3Q24 3Q23 2Q24 3Q23 Client NII 14,902 2.8% 13,797 8.0% Product NII 14,262 2.7% 13,104 8.8% Volume 592,912 0.8% 555,842 6.7% Spread (p.a.) 9.89% 0.08 p.p. 9.69% 0.20 p.p. Market NII 325 26.1% (647) n.a. Net Interest Income 15,227 3.2% 13,151 15.8%
Slide 13: Loan portfolio
Sep/24 x Sep/24 x (R$ million) Sep/24 Sep/23 Jun/24 Sep/23 Individuals 250,894 0.8% 232,721 7.8% Consumer Finance 79,013 4.7% 66,112 19.5% SMEs 72,305 2.0% 64,030 12.9% Corporate¹ 133,746 -6.6% 139,764 -4.3% Total¹ 535,958 -0.5% 502,626 6.6% Private securities and 127,545 0.4% 122,861 3.8% guarantee
Slide 14: Funding from clients
Sep/24 x Sep/24 x (R$ million) Sep/24 Sep/23 Jun/24 Sep/23 Demand deposits 39,264 0.3% 44,012 -10.8% Saving deposits 57,144 -1.4% 57,283 -0.2% Time deposits 393,946 -0.4% 359,383 9.6% Repo products¹ 15,799 -0.9% 19,010 -16.9% Real Estate (LCI) and 81,520 0.2% 71,672 13.7% Agribusiness (LCA) credit n
Slide 15: Fees
3Q24 x 3Q24 x (R$ million) 3Q24 3Q23 2Q24 3Q23 Cards 1,371 3.2% 1,198 14.4% Current Account 920 3.7% 853 7.8% Insurance Fees 1,058 6.6% 946 11.9% Credit Operations 616 6.6% 528 16.6% Securities Brokerage and 350 -20.7% 390 -10.2% Placement Asset Management 430 12.7% 360 19.3% Asset management and 19
Slide 16: Cost of risk
Cost of risk Recurring loan loss provisions and cos R$ million 4.3% 4.0% 5 — 3.8% 3.7% 3.7% e —o- e 5,618 6,043 5,896 5,884 6,487 6,924 6,765 6,631 (869) 820 723 735 3Q23 4Q23 1Q24 2Q24 3Q24 TP Lup Recovery of written-off loans Il Cost of risk - 12IM* 223 Including specific case in wholesale NPL 1.3
Slide 17: Delinquency (NPL)
Delinquency (NPL) 15-90 days 5.6% 5.0% 4.8% 4.9% 25% 49% — 49% Birsividual 43% 4.1% 4.0% ~~. 2 I Individuals —_-. —_—* SME: oe 28% 3% 3.5% 3.6% IsMes a — —o Total I Corporate 1.9% 2.0% el 216% 1.6% Corporate & 05% 0.1% 9.4% 0.1% 0.1% . =e ° SMEs wee Oe Sep/23. Dec/23.— Mar/24.—s Jun/24_—s Sep/24. Se
Slide 18: General expenses
3Q24 x 3Q24 x (R$ million) 3Q24 3Q23 2Q24 3Q23 Administrative 2,619 3.5% 2,505 4.6% Personnel 3,026 1.6% 2,793 8.3% Total Expenses 5,645 2.5% 5,298 6.6% Depreciation and 812 0.9% 797 1.9% Amortization¹ Total General Expenses 6,457 2.3% 6,095 5.9%
Slide 19: Income statement
3Q24 x 3Q24 x (R$ million) 3Q24 2Q24 2Q24 3Q23 Net Interest Income 15,227 14,751 3.2% 15.8% Fees 5,334 5,182 2.9% 13.3% Total Revenues 20,561 19,933 3.2% 15.1% Allowance for Loan Losses (5,884) (5,896) -0.2% 4.7% General Expenses (6,457) (6,314) 2.3% 5.9% Other Operating Income/Expenses (2,613) (2,5
Slide 20: Strategy Update, 3Q24 Results, Takeaways: Highlights
wer : yas sc nel Se Strategy Update 3Q24 Results Takeaways Highlights Santander
Slide 21: Quarter highlights and expectations
NAW @ Santander Quarter highlights and expectations L Obsessive focus on being the most present bank in our customers’ lives Primacy agenda leveraged by the intensive use of technology Value creation and hyper-personalized experience to the customers Growth prioritizing the Full relationship with th
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