Banco Santander (brasil) S.a. · BMFBOVESPA:SANB3
Banco Santander (brasil) — Q1 2015 Earnings Presentation
30 slides from Banco Santander (brasil)'s earnings presentation, Apr 28, 2015
Slide 1: Banco Santander (Brasil) S.A. 1Q15 BR GAAP Results
Banco Santander (Brasil) S.A. 1Q15 BR GAAP Results April 28%, 2015 @ Santander
Slide 2: Disclaimer
DISCLAIMER This presentation may contain certain forward-looking statements and information relating to Banco Santander (Brasil) S.A. ("Santander Brazil") and its subsidiaries that reflect the current views and/or expectations of Santander Brazil and its management with respect to its performance, b
Slide 3: Table of Contents: Macroeconomic Scenario
TABLE OF CONTENTS Macroeconomic Scenario
Slide 4: Macroeconomic Scenario - Consensus
MACROECONOMIC SCENARIO - CONSENSUS : GDP (Y-0-Y growth %) Interest Rate — Selic (%) 11.75, 1325 41.50 10.00 25 7.25 1.0 04 1.0 1 2012 2013 «2014 += 2015e += 2016e 2012 2013 «2014 «= 2015e §= 2016e Inflation (IPCA %) Exchange Rate (RS / USS) 83 2.66 ce 204. «2.34 . 2012 2013. «2014 -2015e += -2016e 2
Slide 5: Table of Contents: Highlights
TABLE OF CONTENTS Highlights
Slide 6: Highlights - 1Q15 / 4Q14
HIGHLIGHTS — 1Q15 / 4Q14 = Expanded loan portfolio +5%, = Revenues increase in the quarter mostly due to the exchange rate VY Net interest income +2% variation a: Vv Stable fees ° 5 . . #2)}= Stable allowance for loan losses = Funding from clients +4% = . . 8 2 v Net interest income, net of allowanc
Slide 7: Table of Contents
TABLE OF CONTENTS
Slide 8: Net Profit
NET PROFIT : Net profit increases 7.3% in the quarter R$ MM a 1,633 1,428 1,437 1,464 1,521 909 909 927 943 ee) . 1Q14 2Q14 3Q14 4014 1Q15 Accounting Profit ‘4 Goodwill
Slide 9: Results
RESULTS RSMM Managerial Profit 1Q15 1Q14 YoY QoQ Net Interest Income 7,140 7,000 2.0% 2.2% Fee and Commission Income 2,828 2,633 7.4% -5.0% TOTAL REVENUES 9,968 9,633 3.5% 0.1% Allowance for Loan Losses (2,112) (2,346) -10.0% -0.8% General Expenses (4,103) (3,974) 3.2% -7.6% Others (1,653) (1,564) 5
Slide 10: Net Interest Income
NET INTEREST INCOME Net interest income accelerates and grows 2% in the quarter Net Interest Income Breakdown NII with Clients and Interest Rates RS MM Interest Rate (Quarter average) ~ Selic 1Q1 2014 3014 4Q14 1015 11.3% » 12.2% 10.4% » 10.9% » 10.9% 6980 6.983 , Credit Spread (%) 9.8% — 9.1% 8.6%
Slide 11: Loan Portfolio
LOAN PORTFOLIO Loan Portfolio grows 5% in the quarter Expanded Portfolio Segment Breakdown R$ Billion R$ Million Mar-15 Mar-14 YoY QoQ 46% Individuals 79,819 75,445 5.8% 1.9% 324.7 Consumer Finance 36,178 37,421 -3.3% © -1.6% 293.1 275.2 2797 ‘SMEs 31,643 31877 -0.7% — -0.3% Corporate 110,504 79,210
Slide 12: Funding
FUNDING " Funding from clients grows 4% in the quarter RS ion Mar-15 Mar-14 YoY(%) QoQ(%) Demand Deposits + Savings Deposits | 52.8 | 49.4 | 7.0% 12.2% | Time Deposits + Debentures’ ‘163.7 | 143.6 | 14.0% | 2.2% | Treasury Notes (Letras Financeiras)? , 44.2 305 | 44.8% | 17.5% | Funding From Clients
Slide 13: Fees and Commission Income
FEES AND COMMISSION INCOME . Normalized fees stabl he quarter Total Breakdown of Fee and Commi n Income RS Million R$ Million 1Q15 1Q14 YoY Q0Q i 7.4% —___» ‘Asset Management 260-236 «10.3% «= -2.5% Current Account 466-459 1.5% 0.8% 2633 2,683 2,765 Lending Operations 328 280 16.9% 6.3% “13.1% Insur
Slide 14: General Expenses
GENERAL EXPENSES General expenses with evolution below inflat General Expenses Breakdown of Expenses RS Million R$ Million 1Q15 1Q14 YoY Administrative 1,709 1,779 -3.9% Personnel 1,861 1,760 5.8% Subtotal 3571 3,538 0.9% eel sa as as Total 4103 3,974 3.2% 1014 2Q14 «3Q14. 4Q14-— 1015 EM Administrat
Slide 15: Credit Indicators
CREDIT INDICATORS ‘ NPL ratio over 90 days improve i NPL from 15 to 90 days NPL Over 90 days Coverage Ratio Over 90 days TA% 7.5% 176.7% 180.0% 180.8% 6.8% 87% 6 ay 53% 5.0% 5.6% 43% gym, 43% © 80% 52% 4.9% - 43% 41% 3.2% 3.8% 3.7% ; 3.3% 27% 25% 27% oo" 2.2% 22% 2.6% 2. Soar 22 39 24% o> Mar.14 Jun
Slide 16: Allowance for Loan Losses
ALLOWANCE FOR LOAN LOSSES ° Cost of credit decreases 17 bps in the quarter 3.6% 3.8% 3.7% 3.1% 2.9% ee — 2,346 2,451 2,466 2128 2,112 1Q14 2Q14 3Q14 4Q14 1Q15 —@ Credit Cost Gross Allowance for Loan Losses Hi lncome from recovery of written off loans
Slide 17: Performance Ratios
PERFORMANCE RATIOS " Efficiency Ratio (%) Recurrence (%) 49.3% 53.6% 49.8% 66.3% 67.0% 68.9% 1014 4Q14 1Q15 1014 4Q14 1015 ROAA' (%) ROAE' (%) 11.2% 12.1% 12.8% | - - | | 1Q14 4Q14 1Q15 1Q14 4Q14 1Q15
Slide 18: Liquidity and Capital Ratios
LIQUIDITY AND CAPITAL RATIOS 18 Loan to Deposit! BIS Ratio 18.3% 175% 16.0% M02% 97.5% 99.0% Mar.14 Dec.14 Mar.15 Mar.14 Dec.14 Mar.15? Ga Tier! GaTier Il
Slide 19: Table of Contents: Final Remarks
TABLE OF CONTENTS Final Remarks
Slide 20: 1Q15 - Final Remarks
1Q15 — Final Remarks % Revenues start to show better dynamics; 4 Credit quality with good evolution; 4 General expenses remain controlled, with evolution well below inflation; iV ROE improves 77 bps in the quarter and 165 bps in twelve months. We continue strengthening our commercial model, with foc
Slide 21: Table of Contents: Annexes
TABLE OF CONTENTS Annexes
Slide 22: Annexes - BR GAAP
Annexes — BR GAAP
Slide 23: Results - Managerial
RESULTS Managerial (rs million) oY Managerial Financial Statement 1Q15 1Q14 % NET INTEREST INCOME 7,140 7,000 140 2.0% Allowance for Loan Losses (2,112) (2,346) 234 -10.0% NET INTEREST INCOME AFTER LOAN LOSSES 5,028 4,654 374 8.0% Fee and Commission Income 2,828 2,633 195 74% General Expenses (4,103
Slide 24: Results - Managerial Quarterly
RESULTS Managerial — Quarterly (Rs million) NET INTEREST INCOME Allowance for Loan Losses NET INTEREST INCOME AFTER LOAN LOSSES Fee and Commission Income General Expenses Personnel Expenses + Profit Sharing Administrative Expenses Tax Expenses Other Income (Expenses) INCOME BEFORE TAXES INCOME TAX A
Slide 25: Balance Sheet - Assets
BALANCE SHEET Assets (rs mittion) Assets Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Current Asset and Long-term Assets 475,805 476,749 497,162 «572,730 596,216 Cash and Cash Equivalents 5,204 5,005 5,050 5,075 4,964 Interbank Investments 31,255 32,502 56,077 39,809 48,736 Securities and Derivative Financial
Slide 26: Balance Sheet - Liabilities and Equity
BALANCE SHEET Liabilities and Equity (rs milion) abilities and Equity Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Current Liabilities and Long-Term Liabilities 436,052 434,865 455,129 531,085 553,030 Deposits 133,227 134,118 135,286 «143,632, —_—=—140,580 Demand Deposits 14,356 14,635 14,084 16,049 15,255 Sa
Slide 27: Balance Sheet - Loan Portfolio by Product
BALANCE SHEET Loan Portfolio by Product { R$ Million Mar-15 Mar-14 Var. YoY Dec-14 Var. QoQ Individuals 79,819 75,445 5.8% 78,304 1.9% Leasing / Auto Loans (*) 3,132 3,229 -3.0% 3,229 -3.0% Credit Card 17,170 16,714 2.7% 18,341 -6.4% Payroll Loans 12,757 12,658 0.8% 11,342 12.5% Mortgage 22,756 16,6
Slide 28: Results - IFRS vs. BR GAAP Reconciliation
RESULTS ° IFRS vs. BR GAAP: Reconciliation RS ion 1Q15 1Q14 NET PROFIT - BR GAAP 684 518 Reversal of Goodwill Amortization 949 909 MANAGERIAL NET PROFIT - BR GAAP. 1,633 1,428 Impairment on Loans and Receivables (5) (3) PPA Amortization (19) (19) Others 28 12 NET PROFIT - IFRS 1,637 1,417
Slide 29: Santander Acquiring
SANTANDER ACQUIRING ° In 1Q15: Q Volumes increase 48% in the last 12 months 1Q15 vs. 1Q14 "7,709 = 11,826 || =53% = 60.5 ¥ 81.4 | ¥35% ReaTn Revenues (RS MM) = 4,720 =6,580 || =39% Transactions (MM) "79.6 V96.8 Y22% = 12,429 |) =18,405 || = 48% = 140.0 Y 178.2 427% Revenues (RS MM) Transactions (MM)
Slide 30: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized. Date: April 28, 2015 Banco Santander (Brasil) S.A. By: / S / Amancio Acurcio Gouveia Amancio Acurcio Gouve
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