Itau Unibanco Holding S.a. · BMFBOVESPA:ITUB3
Itau Unibanco — Q2 2022 Earnings Presentation
17 slides from Itau Unibanco's earnings presentation, Aug 9, 2022
Slide 1: Earnings review 2Q22
Itaú Unibanco Holding S.A. earnings review 2Q22 São Paulo, August 9th, 2022 1 Corporativo | Interno
Slide 2: Quarter highlights
quarter highlights 2Q22 vs. 1Q22 change recurring Consolidated R$7.7 billions 4.3% recurring Consolidated 20.8% 0.4 p.p. managerial managerial result Brazil R$7.1 billions 6.6% ROE Brazil 21.6% 0.6 p.p. annualized credit Consolidated R$1,084.1 billions 5.0% average Consolidated 8.4% 0.5 p.p. portfol
Slide 3: Credit portfolio
credit portfolio Jun-22 Jun-22 portfolio vs. Mar-22 vs. Jun-21 in R$ billions overdraft + 8.0% + 54.0% consumer credit + 7.5% + 59.8% 80% of this quarter’s growth within Personnalité and Uniclass segments payroll loans - public sector 12 % 91 % Jun-22 vs. Jun-22 vs. ¹ Mar-22 Jun-21 very small, small
Slide 4: Financial margin with clients
financial margin with clients change in the financial margin with clients in R$ billions R$ 1.9 bn (+9.7%) R$ 1.6 bn (+8.8%) 20.0 0.2 0.2 0.3 2.1 22.0 18.3 0.8 0.2 19.9 (1.7) 1Q22 working capital ¹ spread-sensitive average volume product mix 2 greater number of spreads and Latin America and spread-s
Slide 5: Financial margin with the market
financial margin with the market 1-year moving average Brazil¹ 2.0 Latin America² 1.8 capital index hedge 1.9 in R$ billions 1.7 1.3 1.6 1.2 1.2 1.3 1.2 2.5 2.0 1.6 1.9 1.3 1.4 1.3 1.5 1.0 0.8 1.1 1.5 1.3 0.6 1.1 0.6 0.4 0.7 1.0 0.7 1.0 0.4 0.4 0.6 0.3 0.5 0.5 0.6 0.7 0.5 - 0.4 - 0.5 1Q20 2Q20 3Q20
Slide 6: Commissions and insurance
insurance4 commissions (change vs 2Q21) earned premiums recurring result and insurance (in R$ billions) managerial 23.6% 88.7% in R$ billions 1,365 19.1 p.p. in 1,104 combined ratio 2Q21 2Q22 transaction volumes with cards (in R$ billions) 2Q22 vs. 2Q21 ¹ 33.1% 22.1% issuer acquiring 195 179 147 146
Slide 7: Credit quality
credit quality 3.9% 15 - 90 days NPL % 90 days NPL % 3.0% 3.5% 3.4% 3.4% 3.5% 3.2% 2.5% 2.5% 2.9% 3.0% 2.6% 2.5% 2.6% 2.7% 2.7% 2.7% 2.8% 2.8% Brazil 2.5% 2.3% 2.4% 2.2% 2.2% 2.0% 3.0% 3.1% 1.9% 2.0% 1.9% 2.0% 2.1% 2.1% 2.9% 2.9% 2.7% 2.7% 2.6% total 2.4% 2.4% 1.7% 1.8% 2.5% 2.6% 2.2% 2.3% 1.7% 1.9%
Slide 8: Quality and cost of credit
quality and cost of credit renegotiated portfolio (in R$ billions) cost of credit¹ (in R$ billions) renegotiated portfolio / total portfolio - (%) annualized cost of credit / portfolio² - (%) 4.4% 4.0% 4.0% 3.3% 3.3% 3.3% 2.7% 2.8% 3.2% 2.5% 2.0% 2.1% 2.2% 35.7 36.2 34.0 34.3 Jun-22 vs. Mar-22 7.5 3
Slide 9: Non-interest expenses
non-interest expenses in R$ billions efficiency ratio Salary readjustment 46.2% 46.5% 2021 44.5% 1 10.97% 40.8% IPCA³ 44.7% 44.8% 11.9% 42.2% 2 IGPM³ 38.7% 10.7% 2Q19 2Q20 2Q21 2Q22 consolidated Brazil change, highlighting investments in R$ billions 1H22 vs. 1H21 Investments Core: (0.2) | +0.9% (25.
Slide 10: Capital
capital + 0.5% - 0.3% 12.6% 11.1% - 0.2% 11.1% 1.5% 11,3% 11.1% Mar-22 net income in the risk-weighted prudential and equity Jun-22 Jun-22 common equity quarter and assets1 adjustments and common equity Tier I capital Tier I (CET I) interest on own purchase and sale equity Tier I (CET I) capital int
Slide 11: 2022 guidance
2022 guidance consolidated Brazil¹ previous reviewed previous reviewed growing between growing between growing between growing between total credit portfolio² 9.0% to 12.0% 15.5% to 17.5% 11.5% to 14.5% 19.0% to 21.0% financial margin with growing between growing between growing between growing betw
Slide 12: We currently have 67% of engaged clients in our portfolio
we currently have +2.1 mm 67% of engaged new engaged clients¹ in our clients portfolio (Jun-22 vs Dec-21) Higher engaged customers engagement are more satisfied, growth rate than client base expansion loyal and profitable 2 SAVE THE DATE Sept. 1st (1) of every customer financial need – cash flow, So
Slide 13: Earnings review 2Q22
Itaú Unibanco Holding S.A. earnings review 2Q22 São Paulo, August 9th, 2022 13 Corporativo | Interno
Slide 14: Additional information
additional information informações adicionais 14 Corporativo | Interno
Slide 15: Results
results in R$ billions 15 Corporativo | Interno 15
Slide 16: Business model
business model The allocation of principal capital (Common Equity Tier 1) in the bank’s business was made at 12% until the first quarter of 2022 and at 11.5% in the second quarter of 2022, according to our risk appetite. in R$ billions (1) Revenues from Insurance includes the Revenues from Insurance
Slide 17: Earnings review 2Q22
Itaú Unibanco Holding S.A. earnings review 2Q22 São Paulo, August 9th, 2022 17 Corporativo | Interno
Itaú Unibanco Holding — Q2 2022 Earnings Presentation on 6ix