Itau Unibanco Holding S.a. · BMFBOVESPA:ITUB3
Itau Unibanco — Q2 2023 Earnings Presentation
18 slides from Itau Unibanco's earnings presentation, Aug 8, 2023
Slide 1: Itaú Unibanco Holding S.A. earnings review 2Q23
lta Unibanco Holding S.A. tau earnings review 2Q23 So Paulo, August 8" 2023
Slide 2: Quarter highlights
quarter highlights consolidated 2Q23 vs. 1Q23 change recurring recurring consolidated 20.9% 0.2 p.p. managerial R$8.7 billion 3.6% managerial result ROE Brazil 21.5% 0.4 p.p. margin margin with clients R$24.9 billion 3.7% with the R$1.1 billion 65.9% market +90 days efficiency 3.0% 0.1 p.p. 39.6% 0.
Slide 3: Credit portfolio
credit portfolio in R$ billion Jun-23 Mar-23 D Jun-22 D individuals 405.4 402.8 0.6% 372.4 8.9% credit card loans 128.4 130.4 -1.5% 126.3 1.6% personal loans 58.2 56.1 3.8% 48.2 20.8% payroll loans 74.9 74.9 0.0% 70.6 6.2% auto loans 32.4 32.1 1.2% 32.0 1.5% mortgage 111.5 109.4 1.9% 95.3 17.0% very
Slide 4: Financial margin with clients
financial margin with clients change in R$ billion R$0.9 bn (3.7%) 24.0 22.1 2.9 24.9 21.3 0.3 0.2 0.2 0.2 -2.8 -0.2 1Q23 working capital ¹ spread-sensitive product mix 2 average volume spreads and greater number of Latin America and spread-sensitive working capital ¹ 2Q23 and others 1Q23 operations
Slide 5: Financial margin with the market
financial margin with the market Brazil Latin America capital index hedge In R$ billion 1.0 0.7 1.1 0.6 0.5 0.6 1.0 0.8 0.8 0.9 1.3 1.0 0.5 0.4 0.2 0.5 0.2 0.1 -0.4 -0.5 -0.6 -0.5 -0.5 -0.4 1T22 1Q22 2T22 2Q22 3T22 3Q22 4T22 4Q22 1T23 1Q23 2T23 2Q23 5 Corporativo | Interno 5
Slide 6: Interest rate sensitivity
interest rate sensitivity Evolution of the annualized average rate of total margin (clients + market) vs CDI (market interest rate) Total margin normalized by the effect of the interest rate cap on the overdraft, constant credit mix as of 4Q19, end of overhedge strategy and hedge of the capitalizati
Slide 7: Commissions, fees and result from insurance
commissions, fees and result from insurance In R$ billion 2Q23 1Q23 D 2Q22 D – acquiring (vs 2Q22) credit and debit cards 4.0 4.0 1.2% 3.6 10.9% R$208 bn transaction volume 16.4% card issuance 2.9 3.0 -3.1% 2.7 7.1% revenues 22.0% acquiring 1.2 1.0 13.6% 0.9 22.0% current account services 1.7 1.7 -3
Slide 8: Credit quality
credit quality 15 - 90 days NPL % 3.9% 90 days NPL % consolidated consolidated 3.4% 3.5% 3.2% 3.2% 3.4% 3.4% 3.5% +0.02 p.p. 3.0% 2.9% 3.0% 2.8% 2.8% 2.6% 2.5% 2.5% 2.6% 2.7% 2.7% 2.7% +0.01 p.p. 2.6% 2.5% 2.3% 2.3% 2.5% 2.5% 3.0% 3.1% 3.0% 2.4% 2.2% 2.2% 2.8% 2.9% 2.9% Brazil 2.0% 2.1% 2.1% 2.2% 2.
Slide 9: Quality and cost of credit
quality and cost of credit cost of credit¹ (in R$ billion) coverage ratio – NPL 90 days (%) annualized cost of credit / loan portfolio² - (%) 1857% 1667% 1371% 1403% 1125% 3.3% 3.5% 3.2% 3.3% 930% 2.7% 2.8% 2.9% 599% 9.8 9.1 9.4 7.0 7.5 8.0 238% 240% 223% 273% 275% 275% 5.8 229% 232% 260% 218% 215%
Slide 10: Non-interest expenses
non-interest expenses 2Q23 1Q23 D 1H23 1H22 D In R$ billion efficiency ratio personnel (6.2) (5.9) 6.0% (12.1) (10.6) 13.5% 46.2% 46.5% administrative and other 1 (6.0) (5.8) 2.3% (11.8) (11.3) 4.1% 44.5% 40.8% 39.6% total - Brazil (12.2) (11.7) 4.1% (23.8) (21.9) 8.6% 44.7% 44.8% 42.2% 38.7% 37.7%
Slide 11: Digital transformation in customer service and operations
digital transformation in customer service and operations: greater satisfaction and Proactive customer service lower cost of serving • 210 MM proactive interactions in the quarter: anticipating customers’ needs in order to reduce potential issues 100 95 67 67 71 points + 9 points in NPS vs 2020 63
Slide 12: Capital
capital 14.7% 13.6% 1.5% - 0.2% + 0.8% + 0.2% 12.0% + 0.4% 1.4% 13.1% 11,3% 11,3% 12.2% Mar-23 net income, dividends risk-weighted Jun-23 Basel III evolution of Tier I capital common equity and interest on own assets1 Tier I capital internal models proforma in Tier I (CET I) capital July 1st 2023 co
Slide 13: 2023 guidance
2023 guidance Consolidated previous reviewed growth between total credit portfolio¹ 6.0% and 9.0% maintained growth between financial margin with clients maintained 13.5% and 16.5% between financial margin with the market maintained R$2.0 bn and R$4.0 bn between cost of credit² maintained R$36.5 bn
Slide 14: Itaú Unibanco Holding S.A. earnings review 2Q23
lta Unibanco Holding S.A. tau earnings review 2Q23 So Paulo, August 8" 2023
Slide 15: Additional information
[tad Unibanco Holding S.A. tau additional information So Paulo, August 8" 2023
Slide 16: Results
results In R$ billion 2Q23 1Q23 D 2Q22 D 1H23 1H22 D operating revenues 38.8 37.4 3.7% 35.2 10.1% 76.3 68.3 11.7% managerial financial margin 26.0 24.7 5.3% 22.6 14.8% 50.7 43.7 16.0% financial margin with clients 24.9 24.0 3.7% 22.0 13.4% 49.0 42.0 16.5% financial margin with the market 1.1 0.6 65.
Slide 17: 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% from the second quarter of 2022 on, according to our risk appetite. in R$ billion 1H23 1H22 change (1H23 x 1H22) Insurance Excess Insurance Ex
Slide 18: Itaú Unibanco Holding S.A. earnings review 2Q23
lta Unibanco Holding S.A. tau earnings review 2Q23 So Paulo, August 8" 2023
Itau Unibanco Holding — Q2 2023 Earnings Presentation on 6ix