Banco Bradesco Sa · BMFBOVESPA:BBDC3
Banco Bradesco Sa — Q1 2025 Earnings Presentation
16 slides from Banco Bradesco Sa's earnings presentation, May 8, 2025
Slide 1: I AM BRADESCO
Translation I AM BRADESCO our evolving culture We Stand For People An Empowered Team Results-Driven Together We Evolve We Stand for Customers Challenge Oriented
Slide 2: Operational performance
operational performance Profitability growing as planned 1Q25 Revenue performance is the main reason for the profitability improvement recurring net income R$5.86 bi Expenses in line with expectations Delinquency remains under control, even considering the growth of the Individual and 8.6% 39.3%
Slide 3: Total revenue
total revenue 1Q25 R$32.3 bi total net interest income fee and commission income insurance, pension plans and capitalization bonds 1.5% (q/q) 15.3% (y/y) 1.4% (q/q) 13.7% (y/y) 4.8% (q/q) 10.2% (y/y) 4.1% (q/q) 32.7% (y/y) 32.8 32.3 31.0 R$ billion 29.5 28.0 1Q24 2Q24 3Q24 4Q24 1Q25 Tota
Slide 4: Expanded loan portfolio
expanded loan portfolio Mar25 annual growth across all segments R$1.0 tri 2.4% (q/q) 12.9% (y/y) individuals total R$432.9 bi main products variation (%) % 12M growth 12.9% 16.2% t/t a/a 11.9% 13.3% \\Individuals 4.5 16.2 10.0% 7.6% Rural Loans 46.9 105.2 5.0% 5.7% Real Estate Financing 4.5 17.9 1
Slide 5: Net interest income
net interest income client NII client NII net of provision R$16.8 bi 3.8 % (q/q) 15.5% (y/y) R$9.1 bi 5.0 % (q/q) 36.0% (y/y) 1Q25 % R$17.2 bi 8.5 8.6 8.4 8.4 8.6 % 3.8 4.4 4.5 4.4 4.6 1.4% (q/q) 13.7% (y/y) R$ billion 16.2 16.8 R$ billion 15.3 15.6 8.5 8.7 9.1 14.5 8.0 6.7 expenses with e
Slide 6: Loan quality indicators
loan quality indicators over 90 days delinquency- % restructured portfolio – R$ billion 6.4 9.0% (q/q) 38.8 37.9 36.5 18.4% (y/y) 34.8 5.5 5.4 5.2 4.9 4.2 4.2 31.6 5.1 5.1 4.0 5.0 5.2 5.1 4.4 4.3 5.0 4.3 4.2 33.9 33.7 4.0 4.1 32.3 30.7 26.7 0.6 0.2 0.1 0.3 0.1 Mar24 June Sept Dec Mar25 Mar24 June
Slide 7: Fee and commission income
fee and commission income 1Q25 consortium management R$0.7 bi 9.1% (y/y) R$9.8 bi stable in the quarter Market share: Global 19.7% | Vehicle 23.5% | Real Estate 12.4% | Trucks, Tractors and Agricultural Implements 16.4% 4.8% (q/q) 10.2% (y/y) asset management R$0.9 bi 3.5% (q/q) 6.3% (y/y) card
Slide 8: Operating expenses
operating expenses 1Q25 vs 1Q24 1Q25 personnel + administrative total operating R$15.0 bi 8.5% (q/q) 3.7% (y/y) expenses excluding Elopar and 12.3% 8.8% 8.6% (q/q) 12.3% (y/y) Cielo service points footprint adjustment 7,173 6,003 5,781 Quarterly ER 3,667 -222 802 2,970 728 2,776 721 vs Dec
Slide 9: Insurance, pension plans and capitalization bonds
insurance, pension plans and capitalization bonds revenues from insurance premiums, pension net income contributions and capitalization bonds 1Q25 3.6% (q/q) 1Q25 R$2.4 bi 25.3% (y/y) R$30 bi 4.7% (q/q) 7.3% (y/y) ROAE 22.4 ROAE 22.4% % 2.6p.p. (y/y) income from insurance operations R$ millio
Slide 10: Capital & dividends/IOC
capital & dividends/IOC tier I basel ratio 0.6 p.p. dividends/IOC - Gross 13.0% 1.9 12.8% 12.4% 1.9 R$ million 1.9 11,311 11,283 9,240 10,172 10.5 10.9 11.1 3,254 12.31.24 01.01.25 03.31.25 2021 2022 2023 2024 1Q25 Common Equity Additional Capital 10 10
Slide 11: Guidance 2025
Guidance 2025 Annual Guidance 1Q25 2025 2025 Results Expanded Loan Portfolio 4% to 8% 12.9% NII net of provisions R$37 bi to R$41 bi R$9.6 bi (Net interest income – Expanded Loan Loss Provisions) Fee and Commission Income 4% to 8% 10.2% Operating expenses 12.3% (*) (Personnel + Adminis trative + Oth
Slide 12: Transforming all Bradesco
Transforming all Bradesco
Slide 13: 1Q25 advancements
Bradesco Principal with ~ 50,000 clients 1Q25 Expansion in SME services: 150 new corporate branches, +RMs with new account load and 10 middle market platforms advancements Credit portfolio growing safely: 12.9% y/y, with NII net of provisions 80bps higher and over90 NPL falling 90bps y/y SMEs Footpr
Slide 14: Tech highlights: intensive GenAI use
tech intensive GenAI use highlights for clients, on the app for employees productivity gain BIA with GenAI 100% of branches and administrative employees -10% in average service time at the Call Centers, assisted by Corporative BIA, allowing 50% more calls to 100% solving 80% of questions on first be
Slide 15: Conclusions
conclusions total net interest fee and commission insurance, pension plans income income and capitalization bonds Revenue 1.4% (q/q) 13.7% (y/y) 4.8% (q/q) 10.2% y/y) 4.1% (q/q) 32.7% (y/y) Controled Expenses personnel + administrative 8.5% (q/q) 3.7% (y/y) conclusões Loan Portfolio growin
Slide 16: I AM BRADESCO
Translation I AM BRADESCO our evolving culture We Stand For People An Empowered Team Results-Driven Together We Evolve We Stand for Customers Challenge Oriented